CHICAGO — The Governmental Accounting Standards Board has assembled a group of 25 public employers and pension plans to “field test” the implementation of its proposed changes to state and local governments pension accounting standards, according to the organization’s research manager.

GASB unveiled its exposure drafts on July 8, opening a public comment period that runs through Sept. 30. The proposals would significantly alter how local and state governments report pension liabilities, with the aim of improving the understanding of the impact of pension obligations on a government’s finances.

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