Sustainable Funding Practices for Defined Benefit Pensions and Other Postemployment Benefits (OPEB)
Accounting and Financial Reporting, Budgeting and Forecasting, Compensation and Benefits
Sustainable Funding Practices for Defined Benefit Pensions and Other Postemployment Benefits (OPEB)
Governments should ensure that the costs of DB pensions and OPEB are properly measured and reported. Governments that sponsor or participate in DB pension plans, or that offer OPEB, should contribute the full amount of their actuarially determined contribution (ADC) each year.
Board approval date: Friday, March 3, 2023