Implementation Guide on Other Postemployment Benefits Issued
A recently issued Implementation Guide by the Governmental Accounting Standards Board (“GASB”) offers guidance with GASB Statements regarding other postemployment benefits (“OPEB”). The guide, Implementation Guide No. 2017-3, Accounting and Financial Reporting for Postemployment Benefits Other Than Pensions (and Certain Issues Related to OPEB Plan Reporting), answers questions related to the requirements under GASB Statement No. 75, Accounting and Financial Reporting for Postemployment Benefits Other Than Pensions. Also addressed are several issues concerning GASB Statement No. 74, Financial Reporting for Postemployment Benefit Plans Other Than Pension Plans.