Public Sector Pension Accounting Changes—A Psab Update
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How public sector employers report their pension obligations and costs may be changing. The Public Sector Accounting Board (PSAB) that sets accounting standards for governments and other public sector entities has an employment benefits project that may result in changes in pension accounting. PSAB has issued three invitations to seek stakeholder feedback on the potential changes.
Hear from a member of PSAB’s Employment Benefits Task Force and PSAB staff leading this project about the following:
- Why an update of the pension accounting standard is needed
- What are the potential changes and their implications
- How your organization can influence the future of pension accounting.