The Governmental Accounting Standards Board
currently is reviewing Statements 25 and 27,
standards that provide guidance on pension accounting and
financial reporting. In April 2009, GASB distributed an
Invitation to Comment to solicit perspectives of
interested individuals and groups regarding possible
changes to these standards. Responses to
the ITC are due July 31, 2009. Listed below are resources
pertaining to the ITC. Portions of the
Invitation to Comment reflect views held
by those who believe that public pension financial
reporting should include plans' so-called market
value of liabilities. Information about MVL is
accessible on the
NASRA MVL web page.
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GASB Invitation to Comment, Pension Accounting and Financial Reporting |
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Plain Language Supplement to the Invitation to Comment |
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Summary and Overview of GASB Invitation to Comment |
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"The GASB's Invitation to Comment on Pension Accounting and Reporting Standards," Paul Zorn, Gabriel, Roeder, Smith & Co. |
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"GASB Revisits Pension Accounting," Stephen J. Gauthier, Government Finance Officers Association
(pages 2-4) |
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Link to GASB website |
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Response to ITC signed by representatives of 61 members of NASRA and NCTR |
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Response to ITC signed by 27 state treasurers |
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Response to ITC from the (California) State Association of County Retirement Systems |
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Response to ITC from the Government Finance Officers Association |
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Response to ITC signed by 43 public pension actuaries |
