Summaries / Status

Status of Statement No. 27
Accounting for Pensions by State and Local Governmental Employers

Status

Issued: November 1994

Effective Date: For periods beginning after June 15, 1997

Affects:

  • Supersedes NCGAS 1, fn8
  • Amends NCGAS 1, ¶158
  • Supersedes NCGAS 6, ¶46
  • Amends NCGAI 6, ¶4
  • Supersedes NCGAI 8, ¶1-¶5, ¶9-¶11, and ¶13-¶15
  • Amends NCGAI 8, ¶8 and ¶12
  • Amends GASBS 1, ¶8
  • Supersedes GASBS 1, ¶9
  • Supersedes GASBS 4
  • Supersedes GASBS 5, ¶1-¶13, ¶17, ¶26-¶29, ¶34-¶36, ¶39-¶45, ¶47, ¶115, and fns5-7 and 10
  • Supersedes GASBS 12, ¶11

Affected by:

  • Paragraph 2 amended by GASBS 43, ¶11
  • Paragraph 3 amended by GASBS 34, ¶69
  • Paragraph 4 amended by GASBS 34, ¶3 and GASBS 35, ¶5
  • Paragraph 5 amended by GASBS 47, ¶3
  • Paragraph 6 amended by GASBS 45, ¶6, and GASBS 47, ¶3
  • Paragraph 7 amended by GASBS 45, ¶4
  • Footnote 2 amended by GASBS 47, ¶3
  • Footnote 3 amended by GASBS 45, ¶8 and GASBS 47, ¶3
  • Paragraph 9 amended by GASBS 34, ¶6
  • Footnote 10 amended by GASBS 50, ¶8 and ¶9
  • Paragraph 15 amended by GASBS 34, ¶6 and ¶82
  • Paragraph 16 amended by GASBS 34, ¶16, ¶69, and ¶82
  • Footnote 14 amended by GASBS 34, ¶82
  • Paragraph 17 amended by GASBS 34, ¶69
  • Paragraph 18 superseded by GASBS 35, ¶5
  • Paragraph 19 amended by GASBS 34, ¶6, ¶16, ¶79, and ¶82
  • Paragraph 20 amended by GASBS 50, ¶7
  • Paragraph 21 amended by GASBS 50, ¶8
  • Footnote 17 amended by GASBS 50, ¶8 and fn 4
  • Paragraph 22 amended by GASBS 50, ¶9
  • Paragraph 23 amended by GASBS 34, ¶6
  • Footnote 18 superseded by GASBS 43, ¶11
  • Paragraph 24 superseded by GASBS 45, ¶4
  • Paragraph 25 amended by GASBS 34, ¶6, ¶16, ¶79, and ¶92
  • Paragraph 39 amended by GASBS 34, ¶6, ¶70, and ¶82, GASBS 45, ¶40, and GASBS 47, ¶3

Other Interpretive Literature:

  • GASBTB 2004-2 (Provides guidance on ¶16, ¶17, and ¶19)
  • GASBQ&A 25/26/27

Primary Codification Section Reference: P20


Abbreviations for Accounting Pronouncements

GASBS - GASB Statements
GASBCS - GASB Concepts
GASBI - GASB Interpretations
GASBTB - GASB Technical Bulletins
BFC - Basis For Conclusions 		NCGAS - NCGA Statements
NCGAI - NCGA Interpretations
SOP - AICPA Statements of Position
ASLGU - AICPA Audit Guide
GASB Q&A - GASB Implementation Guides