Preparing for Audit — OPEB and Pension Liabilities (or Assets?) – In this session, we will review the new accounting and reporting rules for Other Postemployment Benefit (OPEB) plans under GASB Statements 74 and 75, with an emphasis on Statement 75 which is in effective for employers beginning in fiscal year 2017/18. Are you ready to record the Net OPEB Liability? We will go over the Plan and Employer responsibilities under each Statement as well as the changes to the required disclosures and RSI. We will also provide a sample journal entry for the first year of implementation.