GASB 68 website update

Michigan Office of Retirement Services sent this bulletin at 08/24/2015 04:30 PM EDT

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August 24, 2015

GASB 68 website update

Several pages on the GASB 68 section of the Employer Information website were updated with some small but important changes in the past week:

Data Tables (new data tables with information for Note 5 were added)
Note 4 (for both non-university reporting units and university reporting units)
Note 5 (for both non-university reporting units and university reporting units)

If you deal with GASB 68 and you reviewed and/or printed any of the information on these pages before August 17, please review the updated pages to ensure you have the most current information.

We have also updated several pages in the Frequently Asked Questions section:

In addition, the GASB 68 page now has a link to GASB 68 - Detailed Guidance - a presentation in pdf format designed to further assist reporting units, their accountants and their auditors in understanding and implementing GASB 68.

GASB 68 main page, with Detailed Guidance link

If you have questions regarding GASB 68 and have reviewed the FAQs and the Detailed Guidance, contact Employer Reporting at ORS_Web_Reporting@michigan.gov.

State of Michigan | Department of Technology, Management & Budget | Office of Retirement Services
P.O. Box 30171 | Lansing, MI 48909-7671 | www.michigan.gov/psru

Please do not reply to this email. This mailbox is not monitored and you will not receive a response. For assistance, contact ORS_Web_Reporting@michigan.gov.

The retirement plan information that appears in this email is intended to summarize basic provisions of Public Act 300 of 1980, as amended. Current laws, rates, and factors are subject to change. Should there be discrepancies between the information reflected here and the actual law, the provisions of the law govern.