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Prior Year

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The GASB 68 and GASB 75 reports and Excel tables can be found below. These enhanced reports include the June 30, 2018, Net Pension Liability so that employers can use the data for the calculation of their pension expense. The enhanced data is included in Schedule B of both the audited report and Excel Tables.

KRS recommends that each employer review the GASB 68 and GASB 75 audited reports and Excel tables with its external auditor to ensure that it has met all the requirements of the statement, and to ensure that the required calculations have been performed correctly and accurately.

KRS’ actuary, Gabriel Roeder Smith (GRS), calculates each employers proportionate share of the KERS and CERS plan’s Net Pension Liability (NPL) and Pension Expense (PE). KRS provides this information to its participating employers in an annual report.

​In order for practitioners to implement the GASB 68  and GASB 75 reporting, they will need the split of employer contributions between the Pension and Insurance components. Those splits are listed below:​​​​​​​​​​​

Fiscal Year 2018 Pension and Insurance Components for GASB 68 and GASB 75 Reporting
SystemPensionInsuranceTotal
KERS41.06%8.41%49.47%
KHAZ21.44%2.26%23.70%
CERS14.48%4.70%19.18%
CHAZ22.20%9.35%31.55%
SPRS72.47%18.77%91.24%

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