Apr 18, 2016
From the Financial Reporting Network
The GASB recently issued Statement No. 82, Pension Issues, an amendment of GASB Statements No. 67, No. 68, and No. 73, which addresses (1) presentation of payroll-related measures in required supplementary information, (2) selection of assumptions and treatment of deviations from guidance in Actuarial Standards of Practice for financial reporting purposes, and (3) classification of payments made by employers to satisfy plan member contribution requirements.
The GASB Statement is effective for financial reporting periods beginning after June 15, 2016. Earlier application is encouraged.