State Members 2025

The GASB 68 rules apply only to accounting and reporting. They do not apply to funding and will not be used to determine contribution requirements. The GASB 68 requirements will not change the actual pension liability; the only thing that changes where and how pension costs are accounted for in financial statements.

FRF 2024

*Note Both FY24 and FY23 Contributions for FRF were zero. Both FY24 and FY23 Employer Proportionate Allocation equals the FY23 rate.

11/08/24 – Sample FRF JE Employers With FYE 9-30-2024 Using 6-30-2024 Measurement Date

11/08/24 – FRF Sample Footnote For Employers With 9-30-2024 FYE Using 6-30-24 Measurement Date

11/08/24 – FRF Instructions For Sample Journal Entries, Footnote Disclosure and RSI For Employers With 9-30-24 FYE Using 6-30-24 Measurement Date

11/08/24 – PERSI GASB 68 2024 Allocation Report FRF

11/08/24 – PERSI GASB 68 2023 Allocation Report FRF

11/08/24 – FRF 2024 Actuary Report

After July 1, 2024 (Base Plan)

This is an example of a journal entry for an employer with a September 30, 2024, fiscal year-end. If an employer has a different fiscal year-end (i.e. 8/31/24, 10/31/24, etc…) then the Deferred Outflows of Resources related to
contributions subsequent to the measurement date would represent the total months of contributions after June 30, 2024, to the employers fiscal year-end.

11/07/24 – Sample JE Employers With FYE 9-30-2024 Using 6-30-2024 Measurement Date

11/07/24 – PERSI BASE PLAN Sample Footnote For Employers With a 9-30-2024 FYE Using 6-30-2024 Measurement Date

11/07/24 – PERSI BASE PLAN Instructions For Sample Journal Entries Footnote Disclosure and RSI For Employers With 9-30-24 FYE Using 6-30-24 Measurement Date

11/07/24 – GASB 68 2024 Base Plan Allocation Report

11/07/24 – GASB 68 2023 Base Plan Allocation Report

11/07/24 – PERSI 2024 Financial Statements

11/07/24 – PERSI 2024 Actuary Report

School Members 2024

PERSI Sick Leave Plan

07/19/24 – PERSI GASB 75 2023 Allocation Report Schools

07/19/24 – PERSI GASB 75 2022 Allocation Report Schools

07/19/24 – Sample JE For Employers FYE 6-30-2024 Using 6-30-2023 Measurement Date Schools GASB75

07/19/24 – GASB 75 Sample Footnote And RSI For Employers With a 6-30-24 FYE Using 6-30-23 Measurement Date

*Due to the Sick Leave Rate Holiday (No Sick Leave Contributions in 2023) 2023 Allocation Rates will use the 2020 Allocation Rates

State Members 2024

PERSI Sick Leave Plan

07/19/24 – PERSI GASB 75 2023 Allocation Report State

07/19/24 – PERSI GASB 75 2022 Allocation Report State

07/19/24 – Sample JE For Employers FYE 6-30-2024 Using 6-30-2023 Measurement Date State GASB75

07/19/24 – GASB 75 Sample Footnote and RSI For Employers With a 6-30-2024 FYE Using 6-30-23 Measurement Date

*Due to the Sick Leave Rate Holiday (No Sick Leave Contributions in 2023) 2023 Allocation Rates will use the 2020 Allocation Rates

June 30, 2024 (Base Plan)

2024 – For Employers with a 6/30/2024 FYE using a 6/30/2023 Measurement Date PERSI Base Plan

05/22/24 – Sample JE For Employers FYE 6-30-2024 Using 6-30-2023 Measurement Date

05/22/24 – PERSI BASE PLAN Sample Footnote For Employers With a 6-30-2024 FYE Using 6-30-2023 Measurement Date

05/22/24 – PERSI BASE PLAN Instructions For Sample Journal Entries Footnote Disclosure And RSI For Employers With 6-30-24 FYE Using 6-30-23 Measurement Date

05/22/24 – GASB 68 2023 Base Plan Allocation Report

05/22/24 – GASB 68 2022 Base Plan Allocation Report

05/22/24 – PERSI 2023 Financial Statements

05/22/24 – PERSI 2023 Actuary Report

FRF 2023

*Note Both FY23 and FY22 Contributions for FRF were zero. Both FY23 and FY22 Employer Proportionate Allocation equals the FY20 rate.

11/08/23 – Sample FRF JE Employers With FYE 9-30-2023 Using 6-30-2023 Measurement Date

11/08/23 – FRF Sample Footnote For Employers With 9-30-2023 FYE Using 6-30-23 Measurement Date

11/08/23 – FRF Instructions For Sample Journal Entries, Footnote Disclosure and RSI For Employers With 9-30-23 FYE Using 6-30-23 Measurement Date

11/08/23 – PERSI GASB 68 2023 Allocation Report FRF

11/08/23 – PERSI GASB 68 2022 Allocation Report FRF

11/08/23 – FRF 2023 Actuary Report

After July 1, 2023 (Base Plan)

This is an example of a journal entry for an employer with a September 30, 2023, fiscal year-end.
If an employer has a different fiscal year-end (i.e. 8/31/23, 10/31/23, etc…) then the Deferred Outflows of Resources related to contributions subsequent
to the measurement date would represent the total months of contributions after June 30, 2023, to the employers fiscal year-end.

11/08/23 – Sample JE Employers With FYE 9-30-2023 Using 6-30-2023 Measurement Date

11/08/23 – PERSI BASE PLAN Sample Footnote For Employers With a 9-30-2023 FYE Using 6-30-2023 Measurement Date

11/08/23 – PERSI BASE PLAN Instructions For Sample Journal Entries Footnote Disclosure and RSI For Employers With 9-30-23 FYE Using 6-30-23 Measurement Date

11/08/23 – GASB 68 2023 Base Plan Allocation Report

11/08/23 – GASB 68 2022 Base Plan Allocation Report

11/08/23 – PERSI 2023 Financial Statements

11/08/23 – PERSI 2023 Actuary Report