Laserfiche WebLink
New Pension Reporting <br />GASB 68 <br />•New pension financial reporting requires <br />governments providing defined benefit pensions <br />to: <br />1.Recognize long -term obligation as liabilities <br />on balance sheet for the first time <br />2.Measure annual pension benefit costs more <br />comprehensively and comparably <br />3.Enhance pension plans disclosures and <br />required supplementary information <br />•GASB 68 implementation in 2014 -15 <br />•Financial reporting cost unfunded mandate <br />8