GASB 75 replaces GASB 45, the government accounting standard for other post employment benefits (OPEB) including post retirement healthcare. The Governmental Accounting Standards Board issued this accounting standard to define how the expense and liability for post retirement healthcare and other non-pension benefits must be recorded for financial statement purposes. GASB 75 requires the cost of post retirement healthcare benefits to be accrued generally over the employee’s working lifetime.
The following documents are for historical reference only as GASB 45 has been superseded by GASB 75. Our firm has over 30 years of experience in the OPEB healthcare field, including GASB 75 actuarial consulting.