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GASB 75 – OPEB

In 2015 the Governmental Accounting Standards Board (GASB) published Statement No. 75, which changes the way a public pension plan like Michigan Public School Employees Retirement System (MPSERS) discloses its information regarding other postemeployment benefits (OPEB) other than pensions. GASB 75 went into effect for fiscal years beginning after June 15, 2017.