The Governmental Accounting Standards Board on Friday issued an exposure draft designed to improve the consistency in reporting and the measurement of retiree health insurance and other post-employment benefits.

GASB asked that public comments be submitted by Aug. 28 on the exposure draft, which is called "OPEB Measurements by Agent Employers and Agent Multiple-Employer Plans."

In agent multiple-employer OPEB plans, separate liabilities are calculated and separate asset accounts are kept for each participating government, rather than being administered and accounted for as a single plan as is done in a cost-sharing plan, GASB said.


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