The Governmental Accounting Standards Board
(GASB) is changing the way pension expense will be reported starting
with fiscal years beginning on or after June 15, 2014 (FY2015 for
most governmental employers). The changes (GASB Statement Nos. 67
and 68) will affect how the retirement plan, or pension, sponsored
by your employer is reported in your basic financial statements.
Clicking on each of the infographic pieces below
will provide you with information that will help you understand the
changes you will see in your financial statements when these changes
take effect. Please feel free to share this information with any
other appropriate persons.