The Governmental Accounting Standards Board (GASB) issues a revised exposure draft (ED), Accounting and Financial Reporting by Employers for Postemployment Benefits Other Than Pensions (www.gasb.org/news/nr020 304.html).

The Governmental Accounting Standards Board (GASB) issues a revised exposure draft (ED), Accounting and Financial Reporting by Employers for Postemployment Benefits Other Than Pensions (www.gasb.org/news/nr020 304.html). The ED addresses how state and local governments should account for and report their costs and obligations related to postemployment health care and other nonpension benefits--commonly referred to as "other postemployment benefits" (OPEB). GASB revised its February 2003 ED in response to comments on its treatment of implicit rate subsidies, which the current ED proposes be included in a government's calculation of its OPEB costs and obligations. Comments are due April 30.