In June 2012, the Governmental Accounting Standards Board (GASB) issued two new statements impacting how state and local governments report their participation in pension plans. Learn about the changes being brought about in the industry from implementing these statements by watching our on-demand webinar, GASB Update: What Statements 67 & 68 Mean for You.
- GASB Statement No. 67, Financial Reporting for Pension Plans (an amendment of GASB Statement No. 25), provides guidance on accounting and reporting for the pension plan, whether in the employers report or in a separate standalone report.
- GASB Statement No. 68, Accounting and Financial Reporting for Pensions (an amendment of GASB Statement No. 27), revises and establishes new financial reporting requirements for most governments that provide their employees with pension benefits.
Start understanding and taking action on GASB Statements 67 and 68.
