A large number is looming. It's called Net Pension Liability, and it may create confusion when it hits your balance sheet. Are you and your finance director ready?

On December 12 at 1 p.m. ET, Beth Kellar joins Paul Zorn in a nuts-and-bolts web conference to break down the new GASB rules so that you can explain them to your elected officials. 

The background: The Governmental Accounting Standards Board (GASB) has changed the rules for pension accounting: state and local governments must now report Net Pension Liability. This new number will likely be larger for most local governments and subject to more dramatic shifts in market fluctuation. The new rules go into effect for fiscal years ending in 2014 for pension plans and in fiscal years ending in 2015 for plan sponsors.  Right now is when managers should anticipate and prepare for questions from the public and their councils or governing boards.

The speakers: Beth Kellar is the president and CEO of the Center for State and Local Government Excellence, which has formed the Pension Funding Task Force in response to the GASB changes. Paul Zorn, director of governmental research for Gabriel, Roeder, Smith & Co., spoke about these issues at the June GFOA (Government Finance Officers Association) meeting.

The audience: City managers with their finance directors. 

The take away: Basic understanding of the accounting changes, and their implications, so that your finance director can develop accounting models that will work within these new standards.
Session Information
Formats:
"Streaming" provides you with online access of the recording for 90 days. CD-ROM provides you with a permanent recording of the event. Please allow 2-3 weeks to receive your CD once the live event date has concluded.
Date Presented:
December 12, 2012 1:00 PM Eastern
Length:
1 hour, 30 minutes
GASB Rules for Public Pensions
Speaker Information
Beth Kellar   [ view bio ]
Paul Zorn   [ view bio ]
Individual topic purchase: Selected
Products
Streaming
ICMA Member Price:$149.00
Non-Member Price:$249.00
CD-ROM (Win)
ICMA Member Price:$149.00
Non-Member Price:$249.00