GASB Compliance

Employers that follow Generally Accepted Accounting Principles (GAAP) must report under GASB 45.

The Trust provides members with a GASB 45 – Other Postemployment Benefits (OPEB) Compliance Report for the calendar year ending December 31, 2010.

Included in the report is Stoel Rives LLP, legal opinion of the Trust’s ability to report a single actuarial valuation for all member employers. This GASB compliance report, along with sample text to use as a note with the financial statement, can be used by all Trust member employers.