With the implementation of GASB Statements Nos. 84 and 97, governments will need to quickly make assessments about whether defined contribution pension and postemployment benefits other than pensions (OPEB) plans, including some IRS Section 457 plans, need to be included in their financial statements. This session will examine the process of determining whether 457 plans are defined benefit or defined contribution pension plans or other employee benefit plans, and how those determinations affecting their inclusion in or exclusion from a sponsoring government's fiduciary fund financial statements.
Chief Financial Officer, Maryland Supplemental Retirement Plans
Finance Director, City of Gaithersburg, MD
Lisa R. Parker, CPA, CGMA
Senior Project Manager, Governmental Accounting Standards Board