Coronavirus (COVID-19) News and Resources
Coronavirus (COVID-19) Webcasts
Subscribe to Free Daily Newsletters
Post a Job

Featured Jobs

Enrolled Actuary
Loren D. Stark Company logo
Loren D. Stark Company
(Telecommute)
ESOP Valuation Writer
Unique ESOP Valuation Provider
(Telecommute)

Free Daily News and Jobs

“BenefitsLink continues to be the most valuable resource we have at the firm.”

-- An attorney subscriber

Get the BenefitsLink app LinkedIn
Twitter
Facebook

<< Previous news item   |   Next news item >>



GASB Issues Two OPEB-Related Exposure Drafts
Milliman Link to more items from this source
[Guidance Overview]
Aug. 24, 2014

"The most significant effect of the Exposure Draft is to require that governments report a Net OPEB Liability in their statement of financial position, the calculation of which differs significantly from the Net OPEB Obligation under the current GASB 45 standard. This amount is the difference between the total OPEB liability ... and the plan's fiduciary net position ... for governments that provide OPEB benefits through a trust meeting specified criteria. If there is no trust or the criteria are not met, the net OPEB liability reported in its statement of financial position is the entire OPEB liability. It also proposes significant changes to the calculation of the total OPEB liability and expenses.... Written comments are requested from the users of government financial information by August 29. Public hearings will be held on September 10, 11, and 12."

Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the link above).
An important word about authorship: BenefitsLink® is providing a hypertext link to the item shown above, but is not the author of the item (unless otherwise specified).
© 2020 BenefitsLink.com, Inc.