Project Pages

Implementation Guide for Statement 74 on Other Postemployment Benefits

Project Description: The objective of this project is to publish guidance to assist other postemployment benefit (OPEB) plans as they address implementation issues associated with Statement No. 74, Financial Reporting for Postemployment Benefits Plans Other Than Pension Plans, as amended. This project will result in the issuance of an Implementation Guide focused on implementation issues related to plan-specific requirements.

Status:
Implementation Guide cleared for Issuance: April 2017
Exposure Draft issued: October 2016
Added to Current Agenda: September 2015

Implementation Guide for Statement 74 on Other Postemployment Benefits—PROJECT PLAN


Background
: Statement 74 was approved in June 2015. Statement 74 is effective for fiscal years beginning after June 15, 2016. The need for implementation guidance is indicated by the complexity of the OPEB standards, generally.

Accounting and Financial Reporting Issues: Statement 74was approved in June 2015. Statement 74 is effective for fiscal years beginning after June 15, 2016. The need for implementation guidance is indicated by the complexity of the OPEB standards, generally. Although certain implementation guidance issued related to Statement No. 67, Financial Reporting for Pension Plans applies equally to Statement 74, other issues specific to OPEB warrant additional implementation guidance.

Project History:
  • Added to current technical agenda: September 2015
  • Consultative group appointed? Yes
  • Deliberations began: September 2016
  • Exposure Draft of a proposed Implementation Guide to Statement 74 cleared for issuance: October 2016
  • Comment period: November–December 2016
  • Redeliberations began: March 2017
  • Implementation Guide No. 2017-2 cleared for issuance: April 2017

Implementation Guide for Statement 74 on Other Postemployment Benefits—RECENT MINUTES


Minutes of Meetings, April 12–14, 2017

The Board reviewed a ballot draft of the final Implementation Guide No. 2017-2, Financial Reporting for Postemployment Benefit Plans Other Than Pension Plans, and provided suggestions for clarifying edits. The Board did not object to the issuance of the Implementation Guide.

Minutes of Teleconference, March 27, 2017


The Board reviewed a preballot draft of the final Implementation Guide No. 2017-X, Financial Reporting for Postemployment Benefit Plans Other Than Pension Plans, and provided clarifying edits. The Board did not object to moving forward with a ballot draft of a final Implementation Guide.

Minutes of Meetings, March 7–9, 2017

The Board discussed issues raised by respondents to the Exposure Draft of Implementation Guide 201X-X, Financial Reporting for Postemployment Benefit Plans Other Than Pensions. The Board also considered modifications to some proposed questions in response to those issues. The Board did not object to the proposed modifications, including the exclusion from the Implementation Guide of proposed Questions 4.5, 4.24, 4.126–4.129, and 4.138, and provided other suggestions to clarify the content of the materials.

Minutes of Teleconference, October 5, 2016

The Board reviewed a ballot draft of a proposed Exposure Draft of Implementation Guide No. 201X-X, Financial Reporting for Postemployment Benefit Plans Other Than Pension Plans, and considered clarifying edits to questions and answers in the draft document. After discussing those proposals, the Board did not object to the issuance of the Exposure Draft of the Implementation Guide.

Minutes of Meetings, September 13–15, 2016

The Board reviewed a preballot draft of a proposed Exposure Draft of Implementation Guide No. 201X-X, Financial Reporting for Postemployment Benefit Plans Other Than Pension Plans, and provided suggestions for clarifying edits to questions and answers in the draft document. The Board also discussed and provided feedback on the proposed effective date of the Implementation Guide. The Board did not object to moving forward with a ballot draft of a proposed Implementation Guide.