GASB 67/68: Special Funding Situations
ByJennifer Sorensen Senta
4 February 2015
GASB 67/68: Special Funding Situations
In 2014, new accounting rules for U.S. public pension plans took effect. To implement those rules successfully, a variety of technical concepts regarding newly required calculations need to be understood. The Government Accounting Standards Board (GASB) Statements No. 67 and 68 miniseries discusses special funding situations. With special funding situations, major accounting metrics under GASB must be adjusted to reflect the relationship.