GASB Statements 67 and 68


Please note that a new version of the GASB 68 report and Excel tables is now available. These enhanced reports include the June 30, 2016, 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.

A brief example of how to use this information is included in both the CERS and KERS Excel workbooks.

KRS recommends that each employer review the GASB 68 audited report 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.

Excel format of the schedules.
KRS’ actuary, Cavanaugh Macdonald, calculated each employers proportionate share of the KERS and CERS plan’s Net Pension Liability (NPL) and Pension Expense (PE) and KRS provided this information to its participating employers in an annual report.

Need to know more?

Visit our GASB Library​ for KRS information