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TRS Issues FAQ on GASB Changes

After receiving questions related to the recent changes to GASB rules (Rule 67 & 68), TRS staff created a one–page FAQ document to assist in implementing and communicating what the new changes mean for districts. The rules separate pension accounting from pension funding. GASB considers TRS a multi-employer, cost-sharing pension plan. This means that the unfunded net pension liability must be allocated among all participating employers proportionately.

View the GASB FAQ