The Governmental Accounting Standards Board (GASB) published Statement no. 43, Financial Reporting for Postemployment Benefit Plans.

The Governmental Accounting Standards Board (GASB) published Statement no. 43, Financial Reporting for Postemployment Benefit Plans Other Than Pension Plans (www.gasb.org/news), which addresses financial reporting by plan trustees or administrators regarding their stewardship of trusts or other funds established to provide postemployment health care and other nonpension benefits--commonly referred to as "other postemployment benefits" (OPEB). The statement supersedes the interim guidance included in Statement no. 26, Financial Reporting for Postemployment Healthcare Plans Administered by Defined Benefit Pension Plans. At press time GASB was planning to issue an additional statement, Accounting and Financial Reporting by Employers for Postemployment Benefits Other Than Pensions, that would address employers' accounting for the costs and obligations associated with their commitments to provide postemployment health care and other nonpension postemployment benefits. Statement no. 43 appeared in last month's JofA (See Official Releases, JofA, Jul.04, page 102) and also is available from GASB's order department at 800-7480659 or on the Web at http://store.yahoo.com/gasbpubs/gs43.html.