Scott McIntire, CPA and Shareholder at Melanson Heath was a guest speaker at the September 17, 2015 Annual Emerging Issues Forum of the Public Employees Retirement Administration Commission (PERAC).  Scott’s presentation demonstrated the real impact and collaboration that will be required in order to successfully meet the requirements of GASB 74 & 75.

GASB has taken the position that OPEB is a form of compensation and the liability/expense should be recognized while the employee provides service to the Government.  GASB statements 74 & 75 replace statements 43 & 45, those statements along with other regulations require the full Net OPEB liability and related expenses to be presented on the governments accrued basis financial statements.  Previously, the liability was determined based on whether a government funded the annual required contribution.

A copy of the Power Point presentation is available below and also through the following link (GASB 74-75 PowerPoint). For additional information on GASB 74 & 75  (click here)


If you have questions please contact: 

Scott McIntire, CPA, Shareholder of Melanson Heath
Email or Phone: 800-282-2440.