GASB 43 & 45 Fact Sheet

Return to GASB Statements 43 and 45 Facts

What are GASB Statements 43 and 45?

Accounting statements that require public employers to account for other post-employment benefits (“OPEBs”) on a non-“pay-as-you-go” basis.

Similar to what FAS 106 requires for private employers.

GASB 43 sets accounting standards for the plan (applies only if the plan is pre-funded), and GASB 45 sets accounting standards for the employer.

	Accounting statements that require public employers to account for other post-employment benefits (“OPEBs”) on a non-“pay-as-you-go” basis.
	Similar to what FAS 106 requires for private employers.
	GASB 43 sets accounting standards for the plan (applies only if the plan is pre-funded), and GASB 45 sets accounting standards for the employer.