Status of Statement No. 73

Summaries / Status

Status of Statement No. 73
Accounting and Financial Reporting for Pensions and Related Assets That Are Not within the Scope of GASB Statement 68, and Amendments to Certain Provisions of GASB Statements 67 and 68


Status


Issued: June 2015

Effective date:

The requirements of this Statement for pensions that are provided through pension plans that are not administered through trusts that meet the criteria in paragraph 4 are effective for fiscal years beginning after June 15, 2016.

The requirements of this Statement for assets accumulated for purposes of providing pensions through defined benefit pension plans that are not administered through trusts that meet the criteria in paragraph 4 are effective for fiscal years beginning after June 15, 2015.

The requirements of this Statement that amend Statements 67 and 68 are effective for fiscal years beginning after June 15, 2015.

Affects:
  • Amends GASBS 9, ¶5
  • Amends GASBS 10, ¶2
  • Amends GASBS 14, ¶81 and ¶63
  • Amends GASBS 16, fn7
  • Amends GASBS 24, ¶3 and ¶8
  • Supersedes GASBS 25, ¶2–¶7, ¶9, ¶12–¶40, ¶43–¶45, fn1, fn4–fn6, fn8, fn10–fn14, fn16, fn19–fn31
  • Amends GASBS 25, ¶8 and ¶10
  • Supersedes GASBS 27, ¶1–¶17, ¶19–¶23, ¶25–¶40, fn1–fn17, and fn19–fn22
  • Amends GASBS 28, fn7 and fn12
  • Amends GASBS 31, ¶4
  • Amends GABSS 33, ¶5
  • Amends GASBS 34, ¶70, ¶106–¶109, ¶129, ¶140, ¶141, fn43, fn44, fn47, fn63, and fn64
  • Supersedes GASBS 40, ¶12 and ¶13
  • Amends GASBS 44, ¶10 and ¶39
  • Amends GASBS 47, ¶4, ¶17, and ¶19
  • Supersedes GASBS 50, ¶4, ¶6, ¶7–¶10, fn1–fn7
  • Amends GASBS 50, ¶3
  • Amends GASBS 59, ¶4
  • Amends GASBS 67, ¶32, ¶34, and fn12
  • Supersedes GASBS 68, fn13
  • Amends GASBS 68, ¶6, ¶7, ¶34, ¶46–¶48, ¶57, ¶58, ¶81, ¶82, ¶90, ¶94, ¶95, ¶114, ¶115, ¶120, fn15, fn22, and fn23
  • Amends GASBI 3, ¶5
  • Amends GASBI 6, ¶7
  • Amends GASBTB 2004-2, ¶1–¶7, ¶10, and ¶11
  • Amends GASBTB 2008-1, ¶1–¶3
  • Amends NCGAS 1, ¶43
  • Amends NCGAI 6, ¶4
Affected by:
  • Footnote 2 amended by GASBS 82, ¶8
  • Paragraph 5 will be amended by GASBS 84, ¶5
  • Paragraph 37 amended by GASBS 85, ¶8
  • Paragraph 60 amended by GASBS 85, ¶8
  • Paragraph 88 amended by GASBS 85, ¶8
  • Paragraph 116 will be amended by GASBS 84, ¶5 and ¶18

Primary Codification Section References: P20, P22, P23, P24, Pe5


Abbreviations for Accounting Pronouncements

GASBS - GASB Statements
GASBCS - GASB Concepts
GASBI - GASB Interpretations
GASBTB - GASB Technical Bulletins
BFC - Basis For Conclusions
NCGAS - NCGA Statements
NCGAI - NCGA Interpretations
SOP - AICPA Statements of Position
ASLGU - AICPA Audit Guide
GASB Q&A - GASB Implementation Guides