Get the free GASB STATEMENT NO. 67 REPORT - KPERS
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2022Olathe Public Schools
Retiree Benefits Overview
School Year 20212022Information for certified staff
Final paycheckWages includeBenefits endHRAVERPJune 1Retirement date June 15 (no KP ERS
deducted)July
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How to fill out gasb statement no 67
How to fill out gasb statement no 67
01
Gather all relevant financial information related to governmental pensions.
02
Understand the requirements and guidelines provided by GASB Statement No. 67.
03
Prepare the necessary financial statements following the specific instructions outlined in the GASB Statement.
04
Ensure all relevant data is accurately reported and disclosed in the statement.
05
Review and reconcile the statement to confirm accuracy before submission.
Who needs gasb statement no 67?
01
Government entities that provide pensions to their employees are required to fill out GASB Statement No. 67.
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What is gasb statement no 67?
Gasb statement no 67 is a financial reporting standard issued by the Governmental Accounting Standards Board that addresses financial reporting for pension plans.
Who is required to file gasb statement no 67?
Government entities that sponsor defined benefit pension plans are required to file gasb statement no 67.
How to fill out gasb statement no 67?
Gasb statement no 67 should be filled out following the specific instructions provided by the GASB and using the relevant financial data of the pension plan.
What is the purpose of gasb statement no 67?
The purpose of gasb statement no 67 is to improve the transparency and consistency of financial reporting for defined benefit pension plans.
What information must be reported on gasb statement no 67?
Gasb statement no 67 requires reporting of the net pension liability, deferred outflows and inflows of resources, and various other financial data related to the pension plan.
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