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July 6, 2017
 
GOVERNMENTAL ACCOUNTING STANDARDS BOARD STATEMENT NO. 68 (GASB 68) INFORMATION PROVIDED TO EMPLOYERS
 

The 2017 GASB 68 information is as of and for the year ended June 30, 2016 (measurement date) and is for use in employer’s financial statements for the year ended December 31, 2016 or June 30, 2017, whichever is applicable.

PSERS has provided, through an email blast, to its employer contacts and business managers information necessary to comply with Governmental Accounting Standards Board Statement No. 68 (GASB 68).  PSERS has endeavored to provide as much information as possible to its employers as they report in accordance with this GASB Standard.  The email contained explanations of what was provided and what the employers’ responsibilities are.  Additionally there were three attachments. 

The attachments included in the email contained the following audited and supplemental information: 

AUDITED
Schedule of Employer Allocations
Schedule of Pension Amounts by Employer
Schedule of Amortization of Employers’ Deferred Outflows/Inflows
Notes to Schedule of Employer Allocations, Schedule of Pension Amounts by Employer, and Schedule of Amortization of Employers’ Deferred Outflows/Inflows

SUPPLEMENTAL (UNAUDITED)
Sample Note Disclosures
Reconciliation of Reported Covered Payroll
Schedule of Employers’ Changes in Proportion

Schedule of Separately Finance Specific Liabilities

Additional GASB 68 Resources can be found on the PSERS Employer GASB 68 Information

If you did not receive the information or have any questions regarding the GASB 68 information provided, please send an email to the following email address: RA-PSERSEMPACCT@pa.gov.

 
 
July 3, 2017

Employer Workshop Presentation:

PSERS conducted our annual Spring Employer Workshops through June 2017. It was a pleasure to meet those who were able to attend. Traveling around the state to do workshops is always a great way for the Employer Service Center (ESC) representatives to interact face to face with you. There were a total of 714 attendees who represented 431 different employers this year. We thank you for your support and interest, and appreciate the questions and feedback that was provided by you via the survey at the end of each workshop.

If you missed this year’s workshop, or you would like to revisit a particular topic again, we have provided the link to the workshop presentation entitled “Back to Basics: A Review of Fundamental Concepts and Tips for Making your Job Easier”.   

 

  

April 10, 2017

Return to Service, SHORT-TERM SUBSTITUTE TEMPLATE LETTER

Below is a link to the newly released Short-term Substitute Template Letter referenced under “Process A” of the recently revised Return to Service Guidelines.
Again, please contact your ESC regional representative with any questions regarding the Return to Service process.
 
 

 

March 31, 2017 

PSERS HOP Invitation for Application – IFA 2017-01

PSERS has posted the Invitation for Application documents for managed care organizations to apply to provide Medicare Advantage and pre-65 managed care plans for the 2017 Health Options Program.  A nonbinding letter of intent to apply is due April 14, 2017. The fully completed application is due May 12, 2017. Proposed rates for 2018 are due June 8, 2017. There are five Parts to the Invitation for Application, plus one attached Form. Instructions are included in the various documents. Please click on each link to download the document:

Part I  – General Information
Part II – Contractor Requirements and Vendor Qualification

Part III – Application

Part IV – Contract Document

Part V – Commonwealth Standard Contract Terms

Form A – Trade Secret Confidential Proprietary Information Notice Form

   

Return to Service Presentation, PASBO Conference in Pittsburgh (March 23-24)

PSERS presented a comprehensive review of newly revised Return to Service guidelines and the associated process at the recently held PASBO conference.  Copies of the presentation and materials are linked below. Contact your ESC regional representative with any questions.  Additional information will be provided to all PSERS reporting units in the near future regarding this topic. 

 
 
 
 

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