In December 2011, CalSTRS held an information session discussing the Governmental Accounting Standards Board’s recent report, Exposure Drafts on Pension Accounting and Financial Reporting.
The session provided current information about both what GASB is proposing and how it will affect employers and their districts. The session covered:
- An overview of GASB’s proposed changes
- An overview of CalSTRS feedback to GASB
- A recap of the San Francisco GASB hearing
- Steps employers can take to prepare for these changes
