Other Postemployment Benefits-Statement 75-Stage Two

Other Postemployment Benefits—Statement 75—Stage Two

PIR Topic: Statement No. 75, Accounting and Financial Reporting for Postemployment Benefits Other Than Pensions

Background: Statement 75 was issued in June 2015. It was effective for reporting fiscal years beginning after June 15, 2017.

History:

PIR initiated: May 2019
Initial archival analysis and preparer cost and effort surveys concluded: December 2021

Current Developments: Staff continues to analyze and incorporate the results of the archival data collection from the second year of implementation into the summary of the archival results report.

Work Plan:

Board Meetings	Activities
September–December 2023	Conduct stakeholder roundtables. Begin collecting archival data points for the 5th year of implementation (2022 ACFRs).
January– March 2024	Analyze data from stakeholder roundtables and prepare summary report of roundtable results. Continue collecting archival data points for the 5th year of implementation.
April– December 2024	Finalize collection of archival data points for the 5th year of implementation, analyze data, and incorporate into the summary of archival results.
January– March 2025	Prepare for the surveys to be conducted with preparers, auditors, users, and plan administrators. Encourage academic research.
April– September 2025	Conduct surveys with preparers, auditors, users, and plan administrators.
October– December 2025	Analyze data from surveys and prepare summary report of survey results.
January– December 2026	Analyze results from all activities. Prepare final report.