Dear School District Superintendents, Charter School and Education Collaborative Directors, Business Managers, Payroll Officers, Personnel Administrators and Town Treasurers,
Over the last few months, we have worked with representatives from the State Comptroller’s office, the Public Employees’ Retirement Administration Commission (PERAC), and KPMG to issue the GASB Statement No. 68 schedules for the fiscal year ended June 30, 2017 to be used by our employer units in their FY2018 financial statements. As you know, GASB Statement No. 68 requires the Commonwealth to provide certain “on behalf” pension information to Massachusetts cities and towns whose teachers’ pensions the Commonwealth is responsible for funding.
For your reference, our latest GASB 68 report and cover memo are now available on our website, on our Financial reports page.