GASB reporting: FY2024

The MTRS has been working with representatives from the State Comptroller’s Office, the Public Employee Retirement Administration Commission (PERAC), and CliftonLarsonAllen (CLA) to issue the GASB Statement No. 68 schedules for the fiscal year ended June 30, 2023 to be used by our employer units in their FY2024 financial statements. 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.

Above is a link to the GASB Statement No. 68 Report which includes attestations from the Commonwealth’s independent auditor.

If you have any questions about the GASB Statement No. 68 Report or the individual schedules, please contact Pauline Lieu of the State Comptroller’s Office, at pauline.lieu@state.ma.us, or Sean Neilon, Assistant Executive Director & Chief Financial Officer of the MTRS, at sean.neilon@trb.state.ma.us.

Historical Reference:

2023 Annual Statement of the Financial Condition of the MTRS

To the Public Employee Retirement Administration Commission for the year ended June 30, 2023.