The Governmental Accounting Standards Board (GASB) is an independent organization that establishes and improves standards of accounting and financial reporting and is recognized as the official source of generally accepted accounting principles (GAAP) for U.S. state and local governments.

GASB Related Links

GASB Implementation Toolkit-GASB Statement No. 67 for Pension Plans
GASB Implementation Toolkit-GASB Statement No. 68 for Employers
GASB Statement No. 71
GASB Statement No. 73
GASB Statement No. 82
AICPA – GASB Pensions: Issues and Resources
AICPA – Recently Issued AICPA Audit Interpretations
AICPA Whitepaper on Governmental Employer Participation in Cost-Sharing Multiple-Employer Plans: Issues Related to Information for Employer Reporting
AICPA Whitepaper on Cost-Sharing Multiple-Employer Plans: Issues Associated with Testing Census Data in an Audit of Financial Statements
Actuarial Standards of Practice
SBCERA Actuarial Funding Policy

Bond Rating Links

Moody’s Standard and Poor’s Fitch Ratings

Disclaimer: This information was drafted by the SBCERA staff in order to provide our participating employers with a general explanation of the new GASB pension standards. Every effort has been made to ensure the accuracy of the information contained in this notice. As with any regulatory guidance, information is subject to change, and you should not rely solely on the information contained in this one release. In the event of any discrepancy, the GASB provisions govern. Employers should consult with their management, professional auditors and actuaries before implementing the new pension standards. The information provided relates only to cost-sharing multiple-employer defined benefit pension plans, and assumes there are no Special Funding Situations, no Allocated Insurance Contracts, and no Non-Employer Contributing Entities.