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GAAP.RUNewsGASB Issues Two Exposure Drafts on OPEB Measurements and Chapter 9 Bankruptcies

GASB Issues Two Exposure Drafts on OPEB Measurements and Chapter 9 Bankruptcies

Publication date: 30 June 2009

The Governmental Accounting Standards Board (GASB) today issued two Exposure Drafts (EDs) of proposed Statements “OPEB Measurements by Agent Employers and Agent Multiple-Employer Plans” and “Accounting and Financial Reporting for Chapter 9 Bankruptcies”. The EDs contain proposals intended to improve consistency in the financial reporting and the measurement of retiree health insurance and other postemployment benefits (OPEB) and the effects of Chapter 9 bankruptcy.

The Governmental Accounting Standards Board (GASB) today issued two Exposure Drafts (EDs) of proposed Statements “OPEB Measurements by Agent Employers and Agent Multiple-Employer Plans” and “Accounting and Financial Reporting for Chapter 9 Bankruptcies” to replace Statement No. 43 “Financial Reporting for Postemployment Benefit Plans Other Than Pension Plans” and Statement No. 45 “Accounting and Financial Reporting by Employers for Postemployment Benefits Other Than Pensions”; chairman Robert Attmore commented.