GASB Statement No. 74, Financial Reporting for Postemployment Benefit Plans Other Than Pension Plans, and GASB Statement No. 75 Accounting and Financial Reporting for Postemployment Benefits Other Than Pensions, become effective in 2017and 2018, respectively. Each new statement represents a monumental change for those that prepare or audit financial statements containing other postemployment benefit plans. While duplicating and applying the reporting requirements of GASB Statement No. 68, Accounting and Financial Reporting for Pensions to the accounting and reporting for governmental OPEB, substantive differences exist between pensions and OPEB that affect implementation. This course will explain the underlying differences between OPEB and pension valuations and how to successfully implement the OPEB reporting requirements for both the plan and employer.