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Governmental Accounting Standards Board (GASB)

Questions

Please email the PERS GASB Questions mailbox if you have questions regarding GASB 68 or 75.


GASB 68

GASB 68 FAQs

  • Audited Schedules of Employer Allocations and Pension Amounts by Employer can be found at the Audit Report links below.
  • Information from the PERS Consulting Actuary explaining methods and assumptions on how these amounts were developed can be found at the Letter from Actuary links below.
  • Detailed exhibits showing how amounts were developed can be found at the Exhibits from Actuary links below.

2023

June 30 measurement date

Transition Liability Fiscal Year 2023 Amortization and Estimated Balances as of June 30, 2023 (Added 7/20/2023)

Cash Contributions Posted Subsequent to June 30, 2022, Measurement Date, per Plan Records (Added 7/24/2023)

Audit Report

Exhibits from actuary

Individual employer schedules

Letter from actuary

2022

June 30 measurement date

Transition Liability Fiscal Year 2022 Amortization and Estimated Balances as of June 30, 2022 (Added 8/11/2022)

Cash Contributions Posted Subsequent to June 30, 2021, Measurement Date, per Plan Records (Added 7/19/2022)

Audit Report

Exhibits from Actuary

Individual Employer Statements

Letter from Actuary

2021

June 30 measurement date

Audit Report

Letter from Actuary

Exhibits from Actuary

Individual Employer Statements

Cash Contributions Posted Subsequent to June 30, 2020, Measurement Date, per Plan Records (Added 7/12/2021)

Transition Liability Fiscal Year 2021 Amortization and Estimated Balances as of June 30, 2021 (Added 7/12/2021)

2020

June 30 measurement date

Audit Report

Letter from Actuary

Exhibits from Actuary

Individual Employer Statements

Cash Contributions Posted Subsequent to June 30, 2019, Measurement Date, per Plan Records (Revised 8/13/2020)

Transition Liability Fiscal Year 2020 Amortization and Estimated Balances as of June 30,2020 (added 7/29/2020)

2014-2019

Go to the GASB 68 Archive section.


GASB 75

  • Audited Schedules of Employer Allocations and Pension Amounts by Employer can be found at the Audit Report links below.
  • Information from the PERS Consulting Actuary explaining methods and assumptions on how these amounts were developed can be found at the Letter from Actuary links below.
  • Detailed exhibits showing how amounts were developed can be found at the Exhibits from Actuary links below.

2023

June 30 measurement date

Audit report (RHIA)

Audit report (RHIPA)

Exhibits from Actuary

Letter from actuary

RHIA Individual Employer Schedules

2022

June 30 measurement date

Audit Report (RHIA)

Audit Report (RHIPA)

Exhibits from Actuary

Letter from Actuary

RHIA Individual Employer Schedules

2021

June 30 measurement date

Audit Report (RHIA)

Audit Report (RHIPA)

Exhibits from Actuary

Letter from Actuary

RHIA Individual Employer Schedules

2020

June 30 measurement date

Audit Report (RHIA)

Audit Report (RHIPA)

Letter from Actuary

Exhibits for Actuary

RHIA Individual Employer Schedules

2017-2019

Go to the GASB 75 Archive section.


GASB 67/68 Toolkit

Access the toolkit.

PERS has compiled resources on this page to assist accounting and financial administrators with the implementation of GASB 67, 68, 74, and 75.

GASB 67 changed the accounting and financial reporting of PERS and other public employee pension plans starting in fiscal years after June 15, 2013 (i.e., fiscal years ending June 30, 2014, and later).

GASB 68 changed financial reporting of participating state and local governments beginning in fiscal years after June 15, 2014 (i.e., fiscal years ending June 30, 2015, and later).

PERS administers two Postemployment Benefit Plans (OPEB) other than the pension:

  • The Retirement Health Insurance Account (RHIA).
  • The Retiree Health Insurance Premium Account (RHIPA).

GASB 74 changed the accounting and financial reporting for OPEB plans of PERS and other public employee pension plans starting in fiscal years commencing after June 15, 2016 (i.e., fiscal years ending June 30, 2017, and later).

GASB 75 changed financial reporting of state and local governments participating in PERS OPEB Plans beginning in fiscal years commencing after June 15, 2017 (i.e., fiscal years ending June 30, 2018, and later).


GASB resources

The following are links to resources located on the GASB website.

GASB Q&A "Setting the Record Straight" on pension standards

GASB 67: Full Text and Summary Statement

GASB 68: Full Text and Summary Statement

GASB 75: Full Text and Summary Statement

Guide to Implementation of GASB Statement 67 on Financial Reporting for Pension Plans

Pension Transition for Contributions Made Subsequent to the Measurement Date

Pension Funding: A Guide for Elected Officials

PERS provides some publications in .pdf format. To view them, you must have the most recent version of Adobe Reader®. Download the latest version of Adobe Reader®.

In compliance with the Americans with Disabilities Act, PERS will provide these documents in an alternate format upon request. To request this, contact PERS at 888-320-7377 or TTY 503-603-7766.

GASB 68 archive

2019

June 30 measurement date

Audit Report (3/3/2020)

Letter from Actuary (3/17/2020)

Exhibits from Actuary (3/17/2020)

Individual Employer Schedules (3/17/2020)

Cash Contributions Posted Subsequent to June 30, 2018, Measurement Date, per Plan Records (added 7/16/2019)

Transition Liability Fiscal Year 2019 Amortization and Estimated Balances as of June 30, 2019 (added 7/11/2019)

2018

June 30 measurement date

Audit Report

Letter from Actuary

Exhibits from Actuary

GASB 68 Individual Employer Schedule

Cash Contributions Posted Subsequent to Measurement Date of June 30, 2017, per Plan Records (Revised 7/20/2018)

2016

June 30 measurement date

Transition Liability Amortization (posted 9/19/2017)

Audit Report

Letter from Actuary

Exhibits from Actuary

GASB 68 Individual Employer Schedules

Cash Contributions Subsequent to Measurement Date per Plan Records

2015

June 30 measurement date

Audit Report

Letter from Actuary

Letter from Actuary

Exhibits from Actuary

Introduction to GASB 68 for OPERF Employers

GASB 68 Individual Employers Schedules

Cash Contributions Posted Subsequent to Measurement Date of June 30, 2014 (Revised 12/3/2015)

2014

June 30 measurement date

Beginning Balance Report

Audit Report

Letter from Actuary

Exhibits from Actuary

Introduction to GASB 68 for Oregon PERS Employers from Milliman (PERS' actuary)

PERS' GASB 68 Disclosure Information

GASB 75 archive

2019

June 30 measurement date

Audit Report (RHIA) (3/3/2020)

Audit Report (RHIPA) (3/3/2020)

Letter from Actuary (3/17/2020)

Exhibits from Actuary (3/17/2020)

GASB 75 Individual Employer Schedules (3/17/2020)

2018

June 30 measurement date

Audit Report (RHIA)

Audit Report (RHIPA)

Letter from Actuary

Exhibits for Actuary

GASB 75 Individual Employer Schedules