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GASB's OPEB Proposals May Have Big Impact on State and Local Government Financial Statements
Journal of Accountancy Link to more items from this source
[Guidance Overview]
June 17, 2014
"The goal is to present users of government financial statements an accurate depiction of the liabilities governments face in their promises to retired employees.... Both standards represent huge obligations.... [T]he proposed standard would require use of a single actuarial cost allocation method... [T]he proposal provides more guidance for setting the discount rate for projecting future liabilities... GASB will not try to influence state and local government officials as they decide how to fund those liabilities[.]"

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