TITLE

GASB-45 Implementation Date Approaching for Phase 3 Governments (Part 1 of 2)

AUTHOR(S)
Loyd, D. Scot; Crawford, Michael A.
PUB. DATE
November 2009
SOURCE
Governmental GAAP Update Service;11/15/2009, Vol. 9 Issue 21, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article presents the first part of a two-part series about the basic requirements of the U.S. Governmental Accounting Standards Board (GASB) Statement No. 45 titled "Accounting and Reporting by Employers for Postemployment Benefits Other than Pensions." It discusses the different types of postemployment benefits other than pensions (OPEB). It emphasizes the methods of funding OPEB. It explores the basic accounting concepts and terminology used in such GASB statement.
ACCESSION #
45586407

 

Related Articles

  • Tips for small employers to comply with GASB 45. WESTOVER, MICHAEL; FONTANA, JOANNE // Employee Benefit News;Feb2009, Vol. 23 Issue 2, p12 

    The article outlines tips for small employers to comply with Statement 45 issued by the U.S. Governmental Accounting Standards Board (GASB). Statement 45 requires all government employers of all sizes to measure and disclose the value of nonpension post-employment benefits which include medical,...

  • Identifying OPEB Obligations of State and Local Governments: Part 2. Loyd, D. Scot; Crawford, Michael A. // GAAP Update Service;7/30/2006, Vol. 6 Issue 14, p1 

    Focuses on the Other Post-Employment Benefits (OPEB) obligations of state and local governments in the U.S. Phases of implementation of the Governmental Accounting Standards Board Statement No. 45; Types of benefits not considered OPEB; Process of determining the government's cost of OPEB;...

  • Effect of New GASB 45 Accounting Rules: What We Can Learn From FAS 106. Feldman, Martin; Haynes, Roscoe // Benefits & Compensation Digest;Mar2007, Vol. 44 Issue 3, p18 

    The article offers information on the new Governmental Accounting Standards Board's Statement Number 45 (GASB 45), titled "Accounting and Financial Reporting by Employers for Postemployment Benefits Other Than Pensions." GASB 45 requires public employers to account for the cost of other...

  • GASB Issues Proposed Technical Bulletin, Accounting and Financial Reporting by Employers and OPEB Plans for Payments from the Federal Government Pursuant to the Provisions of Medicare Part D. Loyd, D. Scot; Crawford, Michael A. // Governmental GAAP Update Service;3/30/2006, Vol. 6 Issue 6, p1 

    The article discusses a proposed Technical Bulletin on financial reporting issued by the U.S. Governmental Accounting Standards Board in 2006. The bulletin intends to clarify the proper reporting of payments that an employer or a defined other postemployment benefit plan receives from the...

  • GASB Approves Technical Plan for the Second Third of 2008. Loyd, D. Scot; Crawford, Michael A. // Governmental GAAP Update Service;6/15/2008, Vol. 8 Issue 11, p1 

    The article focuses on the approval of the U.S. Government Accounting Standards Board on its updated technical plan for 2008. It includes changes from the board's research and future projects list. Projects added to the agenda are postemployment benefits accounting and financial reporting, as...

  • GASB compliance to be easy for most. Zolkos, Rodd // Business Insurance;9/18/95, Vol. 29 Issue 38, p80 

    Presents an overview of the report `Post-Retirement Medical Benefits: Public Employer Practices.' Public-sector employers' compliance to the anticipated Government Accounting Standards Board's regulations related to calculating retiree medical benefits; Retiree medical insurance offered by...

  • GASB's Proposed Changes to Pension Accounting Standards for Public Sector Employers. Angelo, Paul; Joyner Jr., Leon F. (Rocky); Nicholl, Kim // Benefits Magazine;Jun2012, Vol. 49 Issue 6, p38 

    The article summarizes the proposed changes by the U.S. Governmental Accounting Standards Board (GASB) to pension accounting standards for public sector employees. It addresses two common misconceptions about the proposed changes, the blended discount rate and faster funding of unfunded...

  • PUBLIC EMPLOYEE.  // Benefits & Compensation Digest;Nov2010, Vol. 47 Issue 11, p48 

    This section offers news briefs related to public employee benefits in the U.S. About 24 public pension funds have reduced their benefits during the first half of 2010, according to the National Association of State Retirement Administrators. The revised Internal Revenue Service (IRS) rules...

  • Rule Could Hurt Public Sector. Czurak, David // Grand Rapids Business Journal;1/23/2006, Vol. 24 Issue 4, p11 

    The article reports that the implementation of the new federal accounting rule in 2007 for state and local governments could make it expensive for municipalities to borrow money and could force government units to cut health care benefits to employees and retirees in the U.S. The rule was issued...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics