The Governmental Accounting Standards Board (GASB) Statement No. 67, Financial Reporting for Pension Plans:

• Establishes accounting and reporting standards for public pension systems.
• Defines the way public pension plans calculate and report the Net Pension Liability.
• Mandates footnote and required supplementary information disclosures.
• Has no impact on NYSLRS’ Statement of Plan Net Position or Statement of Changes in Plan Net Position.

For more information on Statement No. 67, visit the GASB website.

Rev. 8/24