Archives: FAQs

2023 – For Employers with a 6/30/2023 FYE using a 6/30/2022 Measurement Date PERSI Base Plan

05/09/23 – Sample JE For Employers FYE 6-30-2023 Using 6-30-2022 Measurement Date

05/09/23 – PERSI BASE PLAN Sample Footnote For Employers With a 6-30-2023 FYE Using 6-30-2022 Measurement Date

05/09/23 – PERSI BASE PLAN Instructions For Sample Journal Entries Footnote Disclosure And RSI For Employers With 6-30-23 FYE Using 6-30-22 Measurement Date

05/09/23 – GASB 68 2022 Base Plan Allocation Report

05/09/23 – GASB 68 2021 Base Plan Allocation Report

05/09/23 – PERSI 2022 Financial Statements

05/09/23 – PERSI 2022 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.

This is an example of a journal entry for an employer with a September 30, 2022, fiscal year-end. If an employer has a different fiscal year-end (i.e. 8/31/22, 10/31/22, 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, 2022, to the employers fiscal year-end.

10/25/22 – Sample JE Employers With FYE 9-30-2022 Using 6-30-2022 Measurement Date

10/25/22 – PERSI BASE PLAN Sample Footnote For Employers With a 9-30-2022 FYE Using 6-30-2022 Measurement Date

10/25/22 – PERSI BASE PLAN Instructions For Sample Journal Entries Footnote Disclosure and RSI For Employers With 9-30-22 FYE Using 6-30-22 Measurement Date

10/25/22 – GASB 68 2022 Base Plan Allocation Report

10/25/22 – GASB 68 2021 Base Plan Allocation Report

10/25/22 – PERSI 2022 Financial Statements

10/25/22 – PERSI 2022 Actuary Report