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CITY OF ROSEVILLE,MINNESOTA <br /> NOTES TO FINANCIAL STATEMENTS <br /> December 31, 2014 <br /> Note 6 GASB STATEMENTS ISSUED BUT NOT YET IMPLEMENTED <br /> GASB Statement No. 68 replaces the requirements of Statement No. 27,Accounting for Pensions by State <br /> and Local Governmental Employers and Statement No. 50, Pension Disclosures, as they relate to <br /> governments that provide pensions through pension plans administered as trusts or similar arrangements that <br /> meet certain criteria. Statement No, 68 requires governments providing defined benefit pensions to recognize <br /> their long-term obligation for pension benefits as a liability for the first time, and to more comprehensively <br /> and comparably measure the annual costs of pension benefits. <br /> 70 <br />