GASB 67/68: Depletion date projections

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By William D. Winningham | 19 March 2014
New accounting rules for public pension plans in the United States are set to take effect beginning in 2014. Successful implementation of the new rules will require an understanding of a variety of technical concepts regarding the various newly required calculations. This article explores the requirement to calculate a depletion date and how the depletion date impacts the plan’s total pension liability (TPL).