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GASB Rules for Pension Reporting in North Carolina
gasb_documents_image_200.jpgAbout the GASB Changes

These statements relate to accounting and financial reporting issues and how pension costs and obligations are measured and reported in audited external financial reports. 

While there has been a close relationship between how governments fund pensions and how they account and report information, this guidance establishes a change from a funding-based approach to an accounting-based approach. 

This shift was designed to improve pension information and increase the transparency, consistency, and comparability of pension information across governments.  Learn More...

Unit Specific Tools for Pension Reporting - Financial data specific to the plan and each local government unit, including JE Templates.

Resources for NC Public Employers:

Resource Description​
Pensions Funding Policy Sets Forth the Implementation of GASB Statements 67 and 68 Requiring Enhanced Accounting and Financial Reporting Related to Pensions for Governments
Memo to Employers
Memo Regarding New Reporting Standards for Defined Benefit Pension Plans and Participant Employers – GASB Statements 67 and 68
Memo 2015-04
​Q&A on New Reporting Standards for Defined Benefit Pension Plans and Participant Employers

Memo 2015-06 Revised
GASB Statement 67, Financial Reporting for Pension Plans, and GASB Statement 68, Accounting and Financial Reporting for Pensions
Memo 2015-19
GASB 68 Financial Reporting for the Firefighters' and Rescue Squad Workers' Pension Fund for Fiscal Year Ended June 30, 2015
Memo 2016-03
Retirement & Investment Disclosures for Fiscal Year Ended June 30, 2015
Memo 2016-23
GASB 68 Reporting Disclosures for the Firefighters' and Rescue Squad Workers' Pension Fund for the Fiscal Year Ended June 30, 2016
Pension FAQ
Collection of Common Questions Regarding the Implementation of GASB 68
​2016 TSERS Employer Manual ​Employer Manual for Teachers' and State Employees' Retirement System 2016
2016 LGERS Employer Manual
​Employer Manual for Local Governmental Employees' Retirement System - 2016
2015 TSERS Employer Manual
Employer Manual for Teachers' and State Employees' Retirement System 2015
2015 LGERS Employer Manual
Employer Manual for Local Governmental Employees' Retirement System - 2015
2014 TSERS Employer Manual
Employer Manual for Teachers' and State Employees' Retirement System - 2014
2014 LGERS Employer Manual
Employer Manual for Local Governmental Employees' Retirement System - 2014
  
Audit Manual
Single Audit
Audit Fees
Firms Providing Accounting Services
Audit Opinions and Reports
Pension Standards - GASB 67 and GASB 68
Pension Standard - GASB 73
Timetable for GASB 68 Implementation Dates -  Chart outlining the implementation, measurement, and pension data availability dates for each fiscal year end.

2016 Pension Census Data Attest


Sample Financial Statements
Financial Statements

City of Dogwood - (LGERS and Fire and Rescue Plans)
Carolina County (LGERS and ROD Plans)
Carolina County Board of Education (TSERS Plan)

Instructional Notes Excerpt from City of Dogwood:  A tool for preparers of financial statements which identifies from where the numbers in the pension notes unique to the local government come.  This is based on implementation year information for the City of Dogwood.  Should be used in conjunction with the City of Dogwood LGERS Illustrative Journal Entry and Memo 2015-19 for maximum usefulness.
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