About: GASB 45

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GASB 45, or GASB Statement 45, is an accounting and financial reporting provision requiring government employers to measure and report the liabilities associated with (other than pension) postemployment benefits (or OPEB). Reported OPEBs may include post-retirement medical, pharmacy, dental, vision, life, long-term disability and long-term care benefits that are not associated with a pension plan. Government employers required to comply with GASB 45 include all states, towns, education boards, water districts, mosquito districts, public schools, and all other government entities that offer OPEB and report under GASB.

Attributes	Values
rdf:type	company
rdfs:label	GASB 45 (en)
rdfs:comment	GASB 45, or GASB Statement 45, is an accounting and financial reporting provision requiring government employers to measure and report the liabilities associated with (other than pension) postemployment benefits (or OPEB). Reported OPEBs may include post-retirement medical, pharmacy, dental, vision, life, long-term disability and long-term care benefits that are not associated with a pension plan. Government employers required to comply with GASB 45 include all states, towns, education boards, water districts, mosquito districts, public schools, and all other government entities that offer OPEB and report under GASB. (en)
dcterms:subject	United States Generally Accepted Accounting Principles Employee benefits Auditing in the United States
Wikipage page ID	12293370 (xsd:integer)
Wikipage revision ID	954005630 (xsd:integer)
Link from a Wikipage to another Wikipage	Cash flows Pension Liability (financial accounting) Government Health insurance in the United States Actuary Governmental Accounting Standards Board Financial statements United States Generally Accepted Accounting Principles Accounting Employee benefits Auditing in the United States OPEB
Link from a Wikipage to an external page	http://gasb.org/ https://www.gasb45help.com/articles.html https://web.archive.org/web/20110707223520/http:/ebn.benefitnews.com/news/tips-small-employers-comply-gasb-45-2663301-1.html http://benefitslink.com/pr/detail.php%3Fid=42852
sameAs	GASB 45 GASB 45 GASB 45 GASB 45
has abstract	GASB 45, or GASB Statement 45, is an accounting and financial reporting provision requiring government employers to measure and report the liabilities associated with (other than pension) postemployment benefits (or OPEB). Reported OPEBs may include post-retirement medical, pharmacy, dental, vision, life, long-term disability and long-term care benefits that are not associated with a pension plan. Government employers required to comply with GASB 45 include all states, towns, education boards, water districts, mosquito districts, public schools, and all other government entities that offer OPEB and report under GASB. GASB 45 was instigated by the Governmental Accounting Standards Board (GASB) in July 2004 because of the growing concern over the potential magnitude of government employer obligations for post-employment benefits. GASB 45 will: 1. * Recognize the cost of OPEB benefits in the period when services are received. 2. * Provide information about the actuarial liabilities for the promised benefits. 3. * Provide information useful in assessing potential demands on future cash flows. GASB 45 applies to the financial statements issued by government employers that offer OPEB and that are subject to GASB accounting standards. GASB 45 does not apply to private employers or trusts that are established in order to pre-fund OPEB benefits and for trusts that are used as conduits to pay OPEB benefits. (en)
gold:hypernym	Accounting
prov:wasDerivedFrom	wikipedia-en:GASB_45?oldid=954005630&ns=0
page length (characters) of wiki page	4740 (xsd:nonNegativeInteger)
foaf:isPrimaryTopicOf	wikipedia-en:GASB_45
is Link from a Wikipage to another Wikipage of	Gasb 45 List of GASB Statements Other postemployment benefits
is Wikipage redirect of	Gasb 45
is foaf:primaryTopic of	wikipedia-en:GASB_45

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