GASB reporting: FY2017 update and prior years’ reports

The MTRS has been working 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, 2016 to be used by our employer units in their FY2017 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, dated May 2, 2017, 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 Michael Rodino of the State Comptroller's office, at michael.rodino@massmail.state.ma.us, or Sean Neilon, Assistant Executive Director of the MTRS, at sean.neilon@trb.state.ma.us.

Historical reference:

2016 Annual Statement of the Financial Condition of the MTRS  pdf format of 2016 Annual Statement of Financial Condition of MTRS

To the Public Employee Retirement Administration Commission for the year ended June 30, 2016.