Webinar Recording: GASB S-75 for School Districts


What is GASB Statement No. 75?

Below is an overview of GASB Statement No. 75, Accounting and Financial Reporting for Postemployment Benefits Other Than Pensions:

  • Issued in June 2015
  • Effective for fiscal years ending June 30, 2018 and thereafter
  • Applies to employers that provide OPEB (Other Post Employment Benefits)
  • Also applies to non-employer contributing entities
  • Financial statement focus shifts from over/underfunding of the ARC to expensing the cost of the benefits as they are earned by the employees
  • Total/net OPEB liability recorded on employers’ F/S (accrual basis financial statements)
    • Replaces NOPEBO/NOPEBA

Watch Our Webinar

Our Sikich experts delve into GASB Statement No. 75 and outline a few things for school districts to consider when implementing it, including:

  • Is there something to report or disclose?
  • Where to find the necessary information.
  • What does this mean for the future?
  • How does it affect your bond rating?

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