Many stakeholders have requested that GASB have additional educational resources to help them implement the new standards. Prepared by the GASB staff, the toolkit (http://www.gasb.org/jsp/GASB/Page/GASBSectionPage&cid=1176163527830) is intended to provide guidance on how plan administrators can effectively comply with the new rules. It includes the following resources:
• An authoritative resource guide to GASB Statement 67 implementation for pension plans
• A video addressing the top implementation issues facing pension plans
• A podcast discussing the types of pension plans that will be affected by Statement 67 and the most significant changes to accounting and financial reporting
• A background document answering frequently-asked questions regarding Statement 67 and Statement No. 68, Accounting and Financial Reporting for Pensions
• A fact sheet answering frequently-asked questions specifically related to Statement No. 67
• An article identifying several areas plan administrators and public officials should consider as they plan, prepare, and collaborate when implementing the new standards
• A “Setting the Record Straight” document addressing misperceptions about the new standards
• The executive summary and the full text of GASB Statement 67.
In the coming weeks, GASB will adding more resources to the toolkit, including short videos from GASB staff highlighting the most-asked implementation questions.