GASB No. 75: Postemployment Benefits Other Than Pensions
Authored by Kelen Camehl, CPA
About this Course
This courses focuses on providing an overview of the requirements with respect to GASB Statement No. 75 which includes identifying the various types of defined benefit and defined contribution OPEB plans (i.e. defined benefit and defined contribution), what is and is not included in total OPEB liability, and differentiating between the disclosure requirements within the notes to financial statements and required supplementary information among the various types of OPEB plans. Upon completion of this course, the user will be able to: Differentiate between the information required within the notes to the financial statements and required supplementary information of defined benefit OPEB plans. Identify the information required within the notes to the financial statements and required supplementary information of defined contribution OPEB plans. Differentiate among the requirements for plans accounted for under the economic resources measurement focus and the current financial resources measurement focus. Differentiate among the requirements for plans not administered by a trust. Calculate OPEB expense for insured benefit plans. Specify the number of plan members required for use of an alternative measurement method. Identify the effective date and transition guidance for Statement No. 75.
Basic understanding of defined benefit and defined contribution OPEB plans for governmental entities.