GASB Statement No. 75, Accounting and Financial Reporting for Postemployment Benefits Other Than Pensions. Copyright © 2025 by Financial Accounting Foundation. All rights reserved. Certain portions may include material copyrighted by American Institute of Certified Public Accountants or the Government Finance Officers Association.

Statement No. 75. Accounting and Financial Reporting for Postemployment Benefits Other Than Pensions (Issued 06/15) SUMMARY. The primary objective of this Statement is to improve accounting and financial reporting by state and local governments for postemployment benefits other than pensions (other postemployment benefits or OPEB).

Jun 15, 2017 · Statement No. 75. Accounting and Financial Reporting for Postemployment Benefits Other Than Pensions. Issued: June 2015. Effective Date: For fiscal years beginning after June 15, 2017; Affects: Amends GASBS 10, ¶2; Amends GASBS 14, ¶63; Amends GASBS 16, fn7; Amends GASBS 24, ¶3 and ¶8; Amends GASBS 33, ¶5; Amends GASBS 34, ¶129 and fn47 ...

Jun 29, 2015 · Statement 75 replaces the requirements of GASB Statement No. 45, Accounting and Financial Reporting by Employers for Postemployment Benefits Other Than Pensions. Statement 75 requires governments to report a liability on the face of the financial statements for the OPEB that they provide.

Accounting and Financial Reporting for Pensions—an amendment of GASB Statement No. 27 (Issued 06/12) SUMMARY. The primary objective of this Statement is to improve accounting and financial reporting by state and local governments for pensions.

Statement No. 75 Accounting and Financial Reporting for Postemployment Benefits Other Than Pensions Issued June 2015. Effective Date: The provisions in Statement 75 are effective for fiscal years beginning after June 15, 2017. Earlier application is encouraged. Full Text Summary Status

Jan 24, 2024 · Post-implementation review of Statement No. 75, Accounting and Financial Reporting for Postemployment Benefits Other Than Pensions, which was issued in June 2015. Status Stage Two; analysis of stakeholder roundtable feedback and continued financial statement archival research are ongoing.

The GASB website can be accessed at www.gasb.org. GOVERNMENTALACCOUNTING STANDARDS SERIES (ISSN 0886-2885) is published by the Financial Accounting Foundation. The full subscription rate is $225 per year. Send address changes to Governmental Accounting Standards Board—Publications, 401 Merritt 7, PO Box 5116, Norwalk, CT 06856-5116.

The GASB establishes accounting and financial reporting standards for U.S. state and local governments that follow generally accepted accounting principles (GAAP). The Governmental Accounting Research System™ (GARS) provides access to …

As resources allow, the GASB staff responds to technical inquiries about governmental accounting and financial reporting to support the uniform application of generally accepted accounting principles (GAAP).