FAQ Category: GASB
School Members 2022
PERSI Base Plan
05/09/22 – PERSI GASB 75 2021 Allocation Report Schools
05/09/22 – PERSI GASB 75 2020 Allocation Report Schools
05/09/22 – Sample JE For Employers FYE 6-30-2022 Using 6-30-2021 Measurement Date Schools GASB75
05/09/22 – GASB 75 Sample Footnote And RSI For Employers With a 6-30-2022 FYE Using 6-30-2021 Measurement Date
* Due to the Sick Leave Rate Holiday (No Sick Leave Contributions in 2021) 2021 Allocation Rates will use the 2020 Allocation Rates
State Members 2022
PERSI Base Plan
05/09/22 – PERSI GASB 75 2021 Allocation Report State
05/09/22 – PERSI GASB 75 2020 Allocation Report State
05/09/22 – Sample JE For Employers FYE 6-30-2022 Using 6-30-2021 Measurement Date State GASB75
05/09/22 – GASB 75 Sample Footnote And RSI For Employers With a 6-30-2022 FYE Using 6-30-2021 Measurement Date
* Due to the Sick Leave Rate Holiday (No Sick Leave Contributions in 2021) 2021 Allocation Rates will use the 2020 Allocation Rates
June 30, 2022 (Base Plan)
2022 – For Employers with a 6/30/2022 FYE using a 6/30/2021 Measurement Date
PERSI Base Plan
05/03/22 – Sample JE For Employers FYE 6-30-2022 Using 6-30-2021 Measurement Date
05/03/22 – PERSI BASE PLAN Sample Footnote For Employers With a 6-30-2022 FYE Using 6-30-2021 Measurement Date
05/03/22 – GASB 68 2021 Base Plan Allocation Report
05/03/22 – GASB 68 2020 Base Plan Allocation Report
05/03/22 – PERSI 2021 Financial Statements
05/03/22 – PERSI 2021 Actuary Report
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 is where and how pension costs are accounted for in financial statements.
FRF 2021
*Note FY21 Contributions for FRF were zero. FY21 Employer Proportionate Allocation equals the FY20 rate.
11/16/21 – Sample FRF JE Employers With FYE 9-30-2021 Using 6-30-2021 Measurement Date
11/16/21 – FRF Sample Footnote For Employers With 9-30-2021 FYE Using 6-30-21 Measurement Date
11/16/21 – PERSI GASB 68 2021 Allocation Report FRF
11/16/21 – PERSI GASB 68 2020 Allocation Report FRF
11/16/21 – PERSI 2021 Financial Statements
After July 1, 2021 (Base Plan)
This is an example of a journal entry for an employer with a September 30, 2021, fiscal year-end. If an employer has a different fiscal year-end (i.e. 8/31/21, 10/31/21, 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, 2021, to the employers fiscal year-end.
11/09/21 – Sample JE Employers With FYE 9-30-2021 Using 6-30-2021 Measurement Date
11/09/21 – PERSI BASE PLAN Sample Footnote For Employers With a 9-30-2021 FYE Using 6-30-2021 Measurement Date
11/09/21 – GASB 68 2021 Base Plan Allocation Report
11/09/21 – GASB 68 2020 Base Plan Allocation Report
11/09/21 – PERSI 2021 Financial Statements
11/09/21 – PERSI 2021 Actuary Report
School Members 2021
PERSI Base Plan
04/21/21 – PERSI GASB 75 2020 Allocation Report Schools
04/21/21 – PERSI GASB 75 2019 Allocation Report Schools
04/21/21 – Sample JE For Employers FYE 6-30-2021 Using 6-30-2020 Measurement Date Schools GASB75
04/21/21 – GASB 75 Sample Footnote And RSI For Employers With a 6-30-2021 FYE Using 6-30-2020 Measurement Date
State Members 2021
PERSI Base Plan
04/21/21 – PERSI GASB 75 2020 Allocation Report State
04/21/21 – PERSI GASB 75 2019 Allocation Report State
04/21/21 – Sample JE For Employers FYE 6-30-2021 Using 6-30-2020 Measurement Date State GASB75
04/21/21 – GASB 75 Sample Footnote And RSI For Employers With a 6-30-2021 FYE Using 6-30-2020 Measurement Date
June 30, 2021 (Base Plan)
2021 – For Employers with a 6/30/2021 FYE using a 6/30/2020 Measurement Date
PERSI Base Plan
04/20/20 – Sample JE For Employers FYE 6-30-2021 Using 6-30-2020 Measurement Date
04/20/20 – PERSI BASE PLAN Sample Footnote For Employers With a 6-30-2021 FYE Using 6-30-2020 Measurement Date
04/20/20 – GASB 68 2020 Base Plan Allocation Report
04/20/20 – GASB 68 2019 Base Plan Allocation Report
04/20/20 – PERSI 2020 Financial Statements
04/20/20 – PERSI 2020 Actuary Report
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 is where and how pension costs are accounted for in financial statements.
FRF 2020
10/30/20 – Sample FRF JE Employers With FYE 9-30-2020 Using 6-30-2020 Measurement Date
10/30/20 – FRF Sample Footnote For Employers Using 6-30-20 Measurement Date
10/30/20 – PERSI GASB 68 2020 Allocation Report FRF
10/30/20 – PERSI GASB 68 2019 Allocation Report FRF
10/30/20 – PERSI 2020 Financial Statements
10/30/20 – FRF 2020 GASB 68 Actuary Report
After July 1, 2020 (Base Plan)
This is an example of a journal entry for an employer with a September 30, 2020, fiscal year-end. If an employer has a different fiscal year-end (i.e. 8/31/20, 10/31/20, 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, 2020, to the employers fiscal year-end.
10/26/20 – Sample JE Employers With FYE 9-30-2020 Using 6-30-2020 Measurement Date
10/26/20 – PERSI BASE PLAN Sample Footnote For Employers With a 9-30-2020 FYE Using 6-30-2020 Measurement Date
10/26/20 – GASB 68 2020 Base Plan Allocation Report
10/26/20 – GASB 68 2019 Base Plan Allocation Report
10/26/20 – PERSI 2020 Financial Statements
11/16/20 – PERSI 2020 Actuary Report