Getting familiar with OPEB
Here’s how GASB’s standards for other post-employment benefits compare with previous standards.
In June 2015, GASB issued Statement No. 74, Financial Reporting for Postemployment Benefit Plans Other Than Pension Plans, and Statement No. 75, Accounting and Financial Reporting for Postemployment Benefits Other Than Pensions-three years after issuing new pension standards.
GASB defines other post-employment benefits (OPEB) as benefits other than pensions that state and local governments provide their retired employees. These benefits principally involve retiree health care benefits, but they also can include life insurance, legal, disability, and other services. GASB undertook the project to change accounting for OPEB in an effort to increase the transparency about the liabilities related to these benefits that are significant for many governments
- Blaise Sonnier, The ATA Journal of Legal Tax Research
- Brian McAllister, Journal of Accountancy
- Dustin Bluhm, Journal of Management
- Gary Klein, Information and Software Technology
- Gregory Stock, International Journal of Production Economics
- James Ma, International Journal of Medical Sciences
- Kaitlyn DeGhetto, Long Range Planning
- Kimberly Zahller, Behavioral Research in Accounting
- Morgan Shepherd, International Journal of Human-computer Interaction
- Rebecca Duray, International Journal of Logistics Research and Applications
- Ying Fan, International Journal of Operations and Production Management