The Governmental Accounting Standards Board issued for comment a proposed technical bulletin to help government accountants determine the annual required contribution for post-employment benefits.

The document will clarify that the use of actual known amounts for purposes of calculating the annual required contribution adjustment relating to pensions and other post-employment benefits is consistent with the intent of existing standards.

For accounting purposes, the portion of the ARC calculation related to past over- and underpayments already has been recognized in the financial statements, and an adjustment needs to be made to future ARCs to avoid counting that amount twice.

The proposed technical bulletin is available at The comment deadline is Sept. 30, 2008.

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