Status of Statement No. 68

Summaries / Status

Status of Statement No. 68
Accounting and Financial Reporting for Pensions—an amendment of GASB Statement No. 27


Status

Issued: June 2012

Effective date:
  • For fiscal years beginning after June 15, 2014

Affects:
  • Amends NCGAS 1, ¶43 and ¶157
  • Amends NCGAI 6, ¶4
  • Amends GASBS 10, ¶2
  • Amends GASBS 14, ¶63
  • Amends GASBS 16, fn7
  • Amends GASBS 24, ¶3
  • Amends GASBS 27, ¶3
  • Amends GASBS 33, ¶5
  • Amends GASBS 34, ¶129 and fn47
  • Amends GASBS 38, ¶13
  • Amends GASBS 47, ¶4, ¶17, and ¶19
  • Amends GASBS 50, ¶3
  • Amends GASBTB 2004-2, ¶1 and ¶5–¶7

Affected by:
  • Paragraph 4 amended by GASBS 78, ¶2
  • Footnote 2 amended by GASBS 82, ¶8
  • Paragraph 5 amended by GASBS 78, ¶3
  • Paragraph 6 amended by GASBS 73, ¶4 and ¶7
  • Paragraph 7 amended by GASBS 73, ¶10
  • Footnote 5 amended by GASBS 75, ¶4 and ¶5
  • Footnote 6 amended by GASBS 75, ¶4
  • Paragraph 13 amended by GASBS 78, ¶2
  • Paragraph 15 amended by GASBS 82, ¶6
  • Paragraph 34 amended by GASBS 73, ¶122
  • Paragraph 36 amended by GASBS 85, ¶8
  • Footnote 13 superseded by GASBS 73, ¶118
  • Paragraph 46 amended by GASBS 73, ¶119 and GASBS 82, ¶6
  • Paragraph 47 amended by GASBS 73, ¶117
  • Paragraph 48 and fn15 amended by GASBS 73, ¶118
  • Paragraphs 57 and 58 amended by GASBS 73, ¶122
  • Paragraph 73 amended by GASBS 85, ¶8
  • Paragraph 81 amended by GASBS 73, ¶119 and GASBS 82, ¶6
  • Paragraph 82 amended by GASBS 73, ¶117
  • Paragraphs 90, 94, 95, fn22, and fn23 amended by GASBS 73, ¶120 and ¶121
  • Paragraph 107 amended by GASBS 85, ¶8
  • Paragraph 114 amended by GASBS 73, ¶119
  • Paragraph 115 amended by GASBS 73, ¶117
  • Paragraph 120 amended by GASBS 73, ¶118
  • Paragraph 121 amended by GASBS 85, ¶8
  • Paragraphs 123, 126–128, 132, and 133 will be amended by GASBS 101, ¶25
  • Paragraph 137 amended by GASBS 71, ¶3
  • Paragraph 139 amended by GASBS 82, ¶5

Other Interpretive Literature:
  • GASBIG 2015-1
  • GASBIG 2016-1
  • GASBIG 2017-1
  • GASBIG 2018-1
  • GASBIG 2019-1
  • GASBIG 2020-1

Primary Codification Section References: P20, P21

Abbreviations for Accounting Pronouncements

GASBS - GASB Statements
GASBCS - GASB Concepts
GASBI - GASB Interpretations
GASBTB - GASB Technical Bulletins
GASBIG - GASB Implementation Guides		 NCGAS - NCGA Statements
NCGAI - NCGA Interpretations
AICPA SOP - AICPA Statements of Position
AICPA ASLGU - AICPA Audit Guide (1974)
BFC - Basis For Conclusions

STANDARDS & GUIDANCE

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