New guidance on qualifying OPEB plan trusts and fiduciaries

California CPA, Sept, 2006

GASB recently released guidance in Q & A form to help clarify the requirements of its statements 43 and 45.

The implementation guidance regards qualifying OPEB plan trusts, and the responsibilities of those who play a significant role in the functions of an OPEB plan that includes such a trust.

The guidance is available at www.gasb.org/project_pages/opeb_staff_guidance.pdf.>

COPYRIGHT 2006 California Society of Certified Public Accountants
COPYRIGHT 2008 Gale, Cengage Learning

 

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