GASB Reporting Changes
The Governmental Accounting Standards Board (GASB) approved two new standards in June 2012 that will affect NHRS and/or its participating employers.
GASB 67 will change the accounting and financial reporting of NHRS and other public employee pension plans beginning in fiscal years commencing after June 15, 2013 (i.e. fiscal years ending June 30, 2014, or later).
GASB 68 will change financial reporting of participating state and local governments beginning in fiscal years commencing after June 15, 2014 (i.e. fiscal years ending June 30, 2015, or later).
In an effort to assist employers with the implementation of GASB 68, NHRS has created this page, which includes NHRS employer communications and links to additional resources.
In addition, NHRS is working with the Office of the State Treasurer and the New Hampshire Municipal Association to educate participating public employers on these changes. Information on upcoming education sessions will be posted here when it becomes available.
NHRS Employer Communications
NHRS Statement on New GASB Accounting Standards (July 16, 2012)
GASB Survey for NHRS Employers
Please fill out ONE survey per employer; survey should be fileld out by person responsible for preparing the financial statements
GASB “Plain Language” statement on new pension reporting standards
GASB general Q&A on new pension standards
GASB Q&A for cost-sharing multiple-employer defined benefit pension plans (i.e. NHRS employers)
GASB Q&A “Setting the Record Straight” on new pension standards
GASB 68: Full Text and Summary Statement
Books, Budgets, and Bonds: What Do All Those Pension Numbers Mean?, Government Finance Review, April 2013
The GASB's New Pension Accounting and Financial Reporting Standards, GRS Insight newsletter, Gabriel Roeder Smith & Company, October 2012
The GASB's New Pension Accounting and Financial Reporting Standards, Webinar slides, Gabriel Roeder Smith & Company, December 2012
Gearing Up to Comply with GASB's New Accounting Standards for Public Sector Pension Plans and Sponsoring Employers, Public Sector Letter, The Segal Company, December 2012
GASB issues new pension standards for state and local governments, HR Insights, PwC, December 2012
GASB page, Wikipension
NHRS Member and Employer Contributions, 1991-2012