GASB Reporting Standards
The Governmental Accounting Standards Board (GASB) issued two statements in 2012 that substantially changed the accounting and financial reporting of pensions for Colorado PERA and PERA-affiliated employers. Additionally, GASB recently issued two new statements that will change the accounting and financial reporting of Other Postemployment Benefit Plans (OPEB) for PERA and PERA-affiliated employers. All financial disclosures made by PERA are contained in the audited Annual Comprehensive Financial Report (ACFR) that is published every June.
A New Approach Under GASB (Pension)New GASB Guidance for Other Postemployment Benefit Plans (OPEB)For questions or more information on the new GASB statements, please contact PERA’s GASB workgroup at GASBMail@copera.org.