The Governmental Accounting Standards Board (GASB) issued GASB Statement No. 68. It amends how employers report their pension plans. It applies only to employers that present their financial statements on a GAAP basis. The change is effective for fiscal years beginning after June 15, 2014. We will send you a new step each month to help you prepare.
Step 1: For August, please read the cost-sharing employers sections of GASB Statement No. 68. They are paragraphs 48-82, 92-96 and 120-122. Click here to read.
If you have any questions, please contact Dawn Anderson with the Indiana State Board of Accounts at dranderson@sboa.in.gov or (317) 232-2513. For more information on GASB, questions or concerns, click here.
Every attempt has been made to verify that the information in this publication is correct and up-to-date. Published content does not constitute legal advice. If a conflict arises between information contained in this publication and the law, the applicable law shall apply.