GASB proposes OPEB implementation guidance

By Ken Tysiac

GASB would provide answers to more than 150 questions about other post-employment benefit (OPEB) plan accounting in a newly proposed implementation guide.

An exposure draft issued Tuesday for state and local government accounting would clarify, explain, and elaborate on the requirements of GASB Statement No. 74, Financial Reporting for Postemployment Benefit Plans Other Than Pension Plans.

Statement No. 74 was issued in June 2015 to provide more transparency with respect to OPEB, which primarily consists of retiree health insurance benefits and represents a significant financial liability for many state and local governments.

The ED of the implementation guide is available on GASB’s website; comments can be submitted to through Dec. 19.

Ken Tysiac ( is a JofA editorial director.


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