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Monday, September 15, 2008

GASB Seeks Comment on Postemployment Benefits TB

Tuesday, Sept. 30 is the deadline for commenting on the Governmental Accounting Standards Board's (GASB) proposed Technical Bulletin, Determining the Annual Required Contribution for Postemployment Benefits.

The proposal can be downloaded free from the GASB website. This proposed TB would clarify that the use of known amounts for purposes of calculating the annual required contribution adjustment relating to pensions and other postemployment benefits is consistent with the intent of existing standards, and that use of the known amount in place of the estimation procedure is encouraged.

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