Anyone else having to work on GASB 67 now? I am having trouble wrapping my head around what to do on certain projections:
Projected contributions. It makes sense if I had a plan that contributed a percentage based on salary, but not the typical DB formula related to PPA or a recommended contribution that we set higher than the PPA minimum.
Payroll for Future Employees. I figure this is just an assumption that I need to make, just not sure how detailed that needs to be or if it is necessary.
Projected contributions. It makes sense if I had a plan that contributed a percentage based on salary, but not the typical DB formula related to PPA or a recommended contribution that we set higher than the PPA minimum.
Payroll for Future Employees. I figure this is just an assumption that I need to make, just not sure how detailed that needs to be or if it is necessary.
GASB 67 Help
