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GASB Approves New Statements for OPEB Accounting and Non-Trust Pension Benefits
Cheiron Link to more items from this source
[Guidance Overview]
June 6, 2015

"Similar to what was done for pension plans, the new statements include: [1] Discount rate... [2] Actuarial cost method ... [3] Balance sheet liability ... [4] The [Annual Required Contribution] and Annual OPEB Cost will be eliminated and replaced with the OPEB Expense. OPEB Expense will be determined using substantially shorter amortization periods for actuarial gains and losses and changes in actuarial assumptions.... [5] The requirements for note disclosures and required supplementary information will be greatly expanded."

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