The document discusses proposed changes to GASB 45 rules for reporting other post-employment benefits (OPEB). It covers reasons for the changes, what is being proposed, and how entities can prepare. Key points include moving the unfunded liability to the balance sheet, more complex expense calculations, enhanced disclosure requirements, changing the discount rate determination, and requiring actuarial valuations every two years instead of three for small plans. Entities are advised to estimate the impact on their balance sheets and reconsider investments and discount rates ahead of the new rules going into effect for fiscal years after December 15, 2016.