New Hampshire Retirement System

Employer Resources

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 Links

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

GASB-Related Links

Books, Budgets, and Bonds: What Do All Those Pension Numbers Mean?, Government Finance Review, April 2013