GASB Statement 45
Washington, DC
Wednesday, February 7, 2007
1:00 p.m. - 5:00 p.m.

On February 7, 2007, the National Conference on Public Employee Retirement Systems, in conjunction with the International Association of Fire Fighters and the American Federation of Teachers, hosted a forum in Washington, DC, on GASB Statement 45. The purpose of the event was to help public pension systems and public employees understand the new standard and what it requires. All of the presentations at the Forum were videotaped and are available in their entirety on this website.

As background, the Governmental Accounting Standards Board (GASB) in 2004 released Statement 45 (GASB 45) concerning health and other non-pension benefits for retired public employees. The intent of GASB 45 is to bring governmental accounting standards in line with private company standards. In general, all public sector employers offering post-employment benefits—those benefits other than pensions—will be required to reflect the costs of those benefits in their financial statements. This new requirement could drive municipalities to propose cuts that would adversely affect the financial health and well-being of public employees.

As such, we wanted to ensure that all of our members had access to the information presented at the Forum. We encourage you, if you were unable to attend the event in person, to view the program. Please click the "Webcast" link below to view the presentations.

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