GASB-68 – Where are we Now?
A Roundtable Discussion –
The Devil’s in the Details!
National Association of State Auditors, Comptrollers
and Treasurers
August 2015
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Topics on the Board
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Actuarial Assumptions and Methods
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•
•
Whose Contributions are they Anyway?
•
•
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Employers assuming employee contributions not in a special funding
situation
Pickup provisions
Component Units and Funds
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Should we use new tables or actual experience?
What about administrative expenses and the discount rate?
Whose liability is it?
Auditing
•
Now that the guidance is out –what now?
These seminar materials are intended to provide the seminar participants with guidance in accounting and financial reporting matters. The materials do not
constitute, and should not be treated as professional advice regarding the use of any particular accounting or financial reporting technique. Every effort has been
made to assure the accuracy of these materials. Eide Bailly LLP and the author do not assume responsibility for any individual's reliance upon the written or oral
information provided during the seminar. Seminar participants should independently verify all statements made before applying them to a particular fact situation,
and should independently determine consequences of any particular technique before recommending the technique to a client or implementing it on the client's
behalf.
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Topics on the Board
•
GASBs future research
•
What is compensation
• Taft Hartley Plan
• Getting the timing down
•
Plans with other liabilities other then pensions
and reserve funds outside the plan
• The downstream effect of GASB-68
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•
What will legislatures think? Do they / should they get it?
What else?
These seminar materials are intended to provide the seminar participants with guidance in accounting and financial reporting matters. The materials
do not constitute, and should not be treated as professional advice regarding the use of any particular accounting or financial reporting technique.
Every effort has been made to assure the accuracy of these materials. Eide Bailly LLP and the author do not assume responsibility for any
individual's reliance upon the written or oral information provided during the seminar. Seminar participants should independently verify all
statements made before applying them to a particular fact situation, and should independently determine consequences of any particular technique
before recommending the technique to a client or implementing it on the client's behalf.
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33
Lealan Miller, CPA, CGFM
Eric S. Berman, CPA
T 208.424.3524
M 626.375.3600
E [email protected]
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Eide Bailly LLP
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Ken Kent, FSA, FCA, MAAA, EA
Principal Consulting Actuary
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