GASB 45 OPEB Blog

What is GASB 74 and 75?

The Governmental Accounting Standards Board (GASB), recently issued two standards related to other postemployment benefits (OPEB), Statement No. 74, Financial Reporting for Postemployment Benefit Plans Other Than Pension Plans (OPEB Plan), and Statement No. 75,...

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GASB Audits and Interpretations

View the AICPA's new interpretive publications Recently issued auditing interpretations are listed below. Interpretation No. 3, "Auditor of Participating Employer in a Governmental Agent Multiple-Employer Pension Plan," of AU-C section 500, Audit Evidence (June 2014)...

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GASB 45 Client – The Town of Henniker, NH

The Town of Henniker has just received its updated GASB 45 report from Jefferson Solutions. Once again, an outstanding report with a very quick turn around. Mr Cerrone provided step by step directions and walked us through the entire process, answering questions and...

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What Types of Other Post Employment Benefits (OPEB) Exist?

There are two types of OPEB: The first and most common OPEB is referred to as Explicit OPEB. This may include employer paid post-retirement medical, pharmacy, dental, vision, life, long-term disability and long-term care benefits that are not associated with a pension...

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Your GASB 45 / 43 & 74 / 75 OPEB Resource

GASB 43 / 45 and 74 / 75 are some of the most important accounting standards ever issued that will impact government and municipal employers. Understanding, valuing and correctly accounting for benefits provided to employees is challenging and complex, though critical...

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