Statement No. 45
Accounting and Financial Reporting by Employers for Postemployment Benefits Other Than Pensions

Status

Issued: June 2004

Effective Date:

The requirements of this Statement are effective in three phases based on a government's total annual revenues in the first fiscal year ending after June 15, 1999:

• Governments that were phase 1 governments for the purpose of implementation of Statement 34—those with total annual revenues of $100 million or more—are required to implement this Statement in financial statements for periods beginning after December 15, 2006.
• Governments that were phase 2 governments for the purpose of implementation of Statement 34—those with total annual revenues of $10 million or more but less than $100 million—are required to implement this Statement in financial statements for periods beginning after December 15, 2007.
• Governments that were phase 3 governments for the purpose of implementation of Statement 34—those with total annual revenues of less than $10 million—are required to implement this Statement in financial statements for periods beginning after December 15, 2008.

Earlier application of this Statement is encouraged. All component units should implement the requirements of this Statement no later than the same year as their primary government.

Affects:

• Amends NCGAI 6, ¶4 and ¶5
• Amends GASBS 10, ¶2
• Supersedes GASBS 12, ¶1–¶10, ¶12–¶14, and fn1–fn5
• Amends GASBS 16, fn6 and fn7
• Supersedes GASBS 27, ¶24
• Amends GASBS 27, ¶6, ¶7, ¶39, and fn3
• Supersedes GASBI 6, fn3
• Amends GASBI 6, ¶7

Affected by:

• Paragraphs 1, 2, and fn1 superseded by GASBS 75
• Paragraph 3 amended by GASBS 63, ¶8; superseded by GASBS 75
• Paragraphs 4–7 superseded by GASBS 75
• Paragraph 8 amended by GASBS 47, ¶3 and ¶8 and GASBS 74; superseded by GASBS 75
• Paragraph 9 amended by GASBS 74; superseded by GASBS 75
• Paragraph 10 and fn2 superseded by GASBS 75
• Paragraph 11 amended by GASBS 57, ¶6; superseded by GASBS 75
• Footnotes 3 and 4 superseded by GASBS 75
• Footnote 5 superseded by GASBS 57, ¶6
• Paragraph 12 amended by GASBS 57, ¶8; superseded by GASBS 75
• Footnote 6 amended by GASBS 63, ¶8; superseded by GASBS 75
• Paragraphs 13–17 and fn7–fn16 superseded by GASBS 75
• Paragraph 18 amended by GASBS 63, ¶8; superseded by GASBS 75
• Paragraphs 19–21, fn17, and fn18 superseded by GASBS 75
• Paragraph 22 amended by GASBS 74, ¶59; superseded by GASBS 75
• Paragraphs 23 and 24 superseded by GASBS 75
• Footnote 19 amended by GASBS 74, ¶34–¶38; superseded by GASBS 75
• Paragraph 25 and fn20 superseded by GASBS 75
• Footnote 21 amended by GASBS 74, ¶36 and ¶37; superseded by GASBS 75
• Paragraph 26 and fn22–fn24 superseded by GASBS 75
• Paragraph 27 superseded by GASBS 74, ¶58 and ¶59
• Paragraphs 28–31 superseded by GASBS 75
• Footnote 25 amended by GASBS 74, ¶60; superseded by GASBS 75
• Paragraphs 32–39 and fn26–fn31 superseded by GASBS 75
• Paragraph 40 amended by GASBS 47, ¶3 and GASBS 57, ¶3; superseded by GASBS 75
• Paragraph 41 and fn32 superseded by GASBS 75

Other Interpretive Literature:

• GASBTB 2004-2 (Provides guidance on ¶19–¶21 and ¶23)
• GASBTB 2006-1 (Provides guidance on ¶22)
• GASBTB 2008-1 (Provides guidance on ¶15 and ¶16)
• GASBIG 2015-1
• GASBIG 2016-1

Primary Codification Section Reference: None

---