Loren D. Stark Company
Randall & Hurley, Inc.
EPIC Retirement Plan Services
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|Text of GASB Statement No. 74, Financial Reporting for Postemployment Benefit Plans Other Than Pension Plans|
Governmental Accounting Standards Board [GASB]
June 30, 2015
122 pages. "The scope of this Statement includes OPEB plans -- defined benefit and defined contribution -- administered through trusts that meet the following criteria:  Contributions from employers and nonemployer contributing entities to the OPEB plan and earnings on those contributions are irrevocable.  OPEB plan assets are dedicated to providing OPEB to plan members in accordance with the benefit terms.  OPEB plan assets are legally protected from the creditors of employers, nonemployer contributing entities, and the OPEB plan administrator. If the plan is a defined benefit OPEB plan, plan assets also are legally protected from creditors of the plan members."
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