GASB reporting: FY2022

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, 2021 to be used by our employer units in their FY2022 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 of the MTRS, at sean.neilon@trb.state.ma.us.

Historical Reference:

2021 Annual Statement of the Financial Condition of the MTRS

To the Public Employee Retirement Administration Commission for the year ended June 30, 2021.