GASB offers implementation guide on standards for retiree health care and other post-employment benefits
The Governmental Accounting Standards Board has released a new Implementation Guide with questions and answers about GASB’s new standards on accounting and financial reporting for post-employment benefits other than pensions, such as retiree health care.
Implementation Guide No. 2017-3, Accounting and Financial Reporting for Post-employment Benefits Other Than Pensions (and Certain Issues Related to OPEB Plan Reporting), answers a series of questions explaining the requirements of the standard, GASB Statement No. 75, Accounting and Financial Reporting for Post-employment Benefits Other Than Pensions.
The guide also deals with some issues related to another standard, Statement No. 74, Financial Reporting for Post-employment Benefit Plans Other Than Pension Plans. The free downloadable guide is available through GASB’s website. A print version will be available via the GASB Store in the weeks ahead.