GASB Reporting

In recent years, the Governmental Accounting Standards Board (GASB) revised a number of financial reporting standards that affect NHRS and/or its participating employers.

GASB 67/68

• GASB 67, Financial Reporting for Pension Plans, changed the accounting and financial reporting of NHRS and other public employee pension plans.
• GASB 68, Accounting and Financial Reporting for Pensions, changed financial reporting of participating state and local governments.

GASB 74/75

• GASB 74, Financial Reporting for Postemployment Benefit Plans Other Than Pension Plans, changed the financial reporting of plans that administer other post-employment benefits (OPEB) on behalf of governments. This statement impacts NHRS in regard to the Medical Subsidy benefit paid to eligible retirees and qualified dependents, which is paid from a 401(h) medical trust funded through employer contributions. 
• GASB 75, Accounting and Financial Reporting for Postemployment Benefits Other Than Pensions, changed the accounting and financial reporting for governments that provide OPEB to their employees and for governments that finance OPEB for employees of other governments.

Current Reports

GASB 68

• GASB Statements 68 and 75 Employer Reporting Accounting Schedules June 30, 2023 (Prepared by Gabriel Roeder Smith & Company (GRS), the retirement system’s independent actuary)
• Schedule of Employer Allocations and Schedule of Pension Amounts by Employer June 30, 2023 (Prepared by NHRS and audited by Plante & Moran, the retirement system’s independent external auditor)

GASB 75

• GASB Statements 68 and 75 Employer Reporting Accounting Schedules June 30, 2023 (Prepared by Gabriel Roeder Smith & Company (GRS), the retirement system’s independent actuary)
• Schedule of Employer Allocations and Schedule of OPEB Amounts by Employer June 30, 2023 (Prepared by NHRS and audited by Plante Moran, the retirement system’s independent external auditor)

GASB 67 and 74

• NHRS Report for Fiscal Year ended June 30, 2023

NHRS Employer Communications

GASB 67/68 

• GASB Reporting Changes: An Overview for Political Subdivisions (February 2024)    
• NHRS Frequently Asked Questions Concerning GASB 67 and 68 Reporting (June 2014)

GASB 74/75

• NHRS Frequently Asked Questions Concerning GASB 75 (March 2018)