Accounting for Pensions and Other Postemployment Benefits

No prerequisite

Course Level: Advanced

CPE Credits: 8
1 Day
9 a.m. – 5 p.m.

View current GFOA training schedule

Who Will Benefit
Finance professionals involved, either directly or indirectly, with accounting and financial reporting for a  pension plan or an other postemployment benefit (OPEB) plan, or for a governmental employer that provides such benefits.

The seminar is designed to equip participants with a solid working knowledge of accounting and financial reporting for both pensions and OPEB (i.e., postemployment benefits) It also offers practical guidance on how to prepare a comprehensive annual financial report (CAFR) for a public employee retirement system (PERS).

Advance Preparation

Seminar Objectives
Those who successfully complete the seminar should be able to:

  • Define the key accounting and actuarial terms used in connection with postemployment benefits
  • Determine the appropriate measure of cost for employers offering postemployment benefits under a variety of arrangements
  • Distinguish actuarial liabilities from accounting liabilities
  • Identify each of the acceptable actuarial cost allocation methods
  • Identify the essential required disclosures for employers that offer postemployment benefits
  • Identify the essntial components of each of the five major sections of a PERS CAFR (i.e., introductory, financial, actuarial, investment, and statistical).
  • Identify the essential components of schedules of required supplementary information
  • Determine the appropriate measure of cost for termination benefits

Recommended Reading
An Elected Official’s Guide: Employer’s Accounting for Pensions and Other Post-employment Benefits (OPEB)
An Elected Official's Guide to Public Retirement Plans
2005 Governmental Accounting, Auditing, and Financial Reporting
(Chapter 15, “States and Certain Special-purpose Governments,” pages 332-351)


Stephen Gauthier, Director, Technical Services Center, Government Finance Officers Association, Chicago, Illinois
Patrick Hardiman, Partner, Deloitte & Touche, LLP, Wilton, Connecticut  


Registration Fees
GFOA Member: $370, Nonmember: $550


View current GFOA training schedule