Statement No. 43
Financial Reporting for Postemployment Benefit Plans Other Than Pension Plans

Status

Issued: April 2004

Effective Date:

The requirements of this Statement for OPEB plan reporting are effective one year prior to the effective date of the related Statement for the employer (single-employer plan) or for the largest participating employer in the plan (multiple-employer plan). The requirements of this Statement are effective in three phases based on a government's total annual revenues in the first fiscal year ending after June 15, 1999:

• Plans in which the sole or largest employer is a phase 1 government—with annual revenues of $100 million or more—are required to implement this Statement in financial statements for periods beginning after December 15, 2005.
• Plans in which the sole or largest employer is a phase 2 government—with total annual revenues of $10 million or more but less than $100 million—are required to implement this Statement in financial statements for periods beginning after December 15, 2006.
• Plans in which the sole or largest employer is a phase 3 government—with total annual revenues of less than $10 million—are required to implement this Statement in financial statements for periods beginning after December 15, 2007.

If comparative financial statements are presented, restatement of prior-period financial statements is required. Early implementation is encouraged.

Affects:

• Amends NCGAI 6, ¶5
• Amends GASBS 14, ¶81
• Supersedes GASBS 25, fn3
• Amends GASBS 25, ¶4, ¶20, ¶26, ¶42, ¶44, fn5, and fn16
• Supersedes GASBS 26
• Supersedes GASBS 27, fn18
• Amends GASBS 27, ¶2
• Amends GASBS 31, ¶4
• Amends GASBS 34, ¶106–¶109, ¶129, ¶140, ¶141, fn43, fn44, fn63, and fn64

Affected by:

• Paragraph 1 amended by GASBS 63, ¶7, ¶8, and ¶12; superseded by GASBS 74
• Paragraphs 2, 3, and fn1 superseded by GASBS 74
• Paragraph 4 amended by GASBS 63, ¶7, ¶8, and ¶12; superseded by GASBS 74
• Paragraph 5 amended by GASBS 63, ¶8; superseded by GASBS 74
• Paragraphs 6 and 7 superseded by GASBS 74
• Paragraph 8 amended by GASBS 63, ¶8; superseded by GASBS 74
• Paragraph 9 amended by GASBS 47, ¶3 and ¶8; superseded by GASBS 74
• Paragraphs 10–16 and fn2 superseded by GASBS 74
• Paragraph 17 amended by GASBS 63, ¶7, ¶8, and ¶12; superseded by GASBS 74
• Paragraph 18 amended by GASBS 63, ¶8; superseded by GASBS 74
• Paragraphs 19–21 and fn3 superseded by GASBS 74
• Paragraph 22 amended by GASBS 53, ¶20 and ¶67; GASBS 59, ¶4; and GASBS 72, ¶5–¶58 and ¶64–¶75; superseded by GASBS 74
• Footnote 4 superseded by GASBS 72, ¶16 and ¶17
• Paragraphs 23, 24, and fn5 superseded by GASBS 74
• Paragraph 25 amended by GASBS 63, ¶7, ¶8, and ¶12; superseded by GASBS 74
• Paragraphs 26 and 27 amended by GASBS 63, ¶8; superseded by GASBS 74
• Footnotes 6–8 superseded by GASBS 74
• Paragraph 28 amended by GASBS 63, ¶8; superseded by GASBS 74
• Paragraph 29 superseded by GASBS 74
• Paragraph 30 amended by GASBS 63, ¶8 and GASBS 72, ¶80–¶82; superseded by GASBS 74
• Footnotes 9 and 10 superseded by GASBS 74
• Footnote 11 superseded by GASBS 54, ¶5–¶27
• Paragraphs 31, 32, and fn12–fn14 superseded by GASBS 74
• Paragraph 33 amended by GASBS 57, ¶7 and ¶8; superseded by GASBS 74
• Paragraphs 34, 35, and fn15–fn21 superseded by GASBS 74
• Paragraph 36 amended by GASBS 63, ¶8; superseded by GASBS 74
• Paragraphs 37–40 and fn22–fn27 superseded by GASBS 74
• Paragraph 41 amended by GASBS 63, ¶8; superseded by GASBS 74
• Paragraphs 42–45 and fn28–fn30 superseded by GASBS 74
• Paragraph 46 amended by GASBS 47, ¶3; GASBS 57, ¶3; GASBS 59, ¶4; GASBS 63, ¶7, ¶8, and ¶12; and GASBS 72, ¶5
• Paragraph 47 and fn31 superseded by GASBS 74

Primary Codification Section Reference: None

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