Status of Statement No. 73

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 NCGAS 1, ¶43
  • Amends NCGAI 6, ¶4
  • Amends GASBS 9, ¶5
  • Amends GASBS 10, ¶2
  • Amends GASBS 14, ¶63 and ¶81
  • 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, and 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 GASBS 33, ¶5
  • Amends GASBS 34, ¶70, ¶106–¶109, ¶129, ¶140, ¶141, fn43, fn44, fn47, fn63, and fn64
  • Supersedes GASBS 40, ¶12
  • Amends GASBS 44, ¶10 and ¶39
  • Amends GASBS 47, ¶4, ¶17, and ¶19
  • Supersedes GASBS 50, ¶4, ¶6–¶10, and 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
Affected by:

  • Footnote 2 amended by GASBS 82, ¶8
  • Paragraph 5 amended by GASBS 84, ¶5 and GASBS 92, ¶7
  • Paragraphs 37, 60, and 88 amended by GASBS 85, ¶8
  • Paragraphs 102, 105–107, 111, and 112 will be amended by GASBS 101, ¶25
  • Paragraph 116 amended by GASBS 84, ¶5 and ¶18 and GASBS 92, 7 and 8
Other Interpretive Literature: GASBIG 2017-1

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
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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