MEDIA ADVISORY 07/27/11

Registration Is Now Open for August 10 Webcast, An Overview of the GASB’s New Pension Proposals

Norwalk, CT, July 27, 2011—Registration is now open for the upcoming Governmental Accounting Standards Board (GASB) webcast, An Overview of the GASB’s New Pension Proposals. This live webcast, offered free of charge, will take place on Wednesday, August 10, from 1:00 to 2:00 p.m. EDT.

The webcast will feature Robert Attmore, chairman of the GASB, and David Bean, director of research and technical activities for the GASB. On June 27, the GASB approved a pair of Exposure Drafts that propose significant improvements to its standards of accounting and financial reporting for the pension benefits that state and local governments provide to their employees. One document relates to the governments that provide pension benefits, and the other relates to the pension plans that administer those benefits.

Robert Attmore and David Bean will provide an overview of the proposals and their objectives and also discuss the due process that will occur prior to their finalization. Registered webcast attendees can ask the program hosts questions about the pension proposals.

The live webcast is offered free of charge to viewers who preregister online. Registration is also available at www.gasb.org. Preregistered viewers will be provided with a link where they can access the webcast a few minutes prior to its live airing.

An archive of the webcast will be available for continued access by the public at www.gasb.org.

About the Governmental Accounting Standards Board

GASB is the independent, not-for-profit organization formed in 1984 that establishes and improves financial accounting and reporting standards for state and local governments. Its seven members are drawn from the Board’s diverse constituency, including preparers and auditors of government financial statements, users of those statements, and members of the academic community. More information about the GASB can be found at its website www.gasb.org.