Allocation of the Net Pension Liability to Proprietary Funds

There has been much talk lately about one of the more significant implementation issues related to Governmental Accounting Standards Board (GASB) Statement 68, Accounting and Financial Reporting for Pensions – whether or not to allocate the new Net Pension Liability to proprietary funds.  Prior pension standards required allocation of the old net pension obligation if practical, however the new standard was silent on the issue.  The GASB Implementation Guide addressed this issue with...