GASB: standards on postemployment benefit plans.

• Position: GASB News; Governmental Accounting Standards Board - Brief Article

GASB has issued Statement No. 43, Financial Reporting for Postemployment Benefit Plans Other Than Pension Plans, such as health care and other nonpension benefits provided as part of an employee's compensation for services.

The standards apply to those postemployment benefit plans included as trust funds in the financial reports of plan sponsors or employers, and to stand-alone financial reports of other...