GASB 67/68: Relationship between valuation date, measurement date, and reporting date

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By Richard L. Gordon | 06 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 relationship between the actuarial valuation date, the measurement date, and the reporting date—critical dates that should be strategically determined in the early planning stages of implementation of GASB 67 and 68.