GASB standards require a defined benefit pension plan to report investments at fair market value even if the plan's actuary uses a different value in determining the employer's contribution requirements.

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GASB (Governmental Accounting Standards Board) standards indeed require that a defined benefit pension plan report its investments at fair market value in its financial statements, regardless of the value used by the plan's actuary for determining employer contribution requirements. This approach ensures transparency and comparability in the financial reporting of pension plan investments.

GASB Standards Require a Defined Benefit Pension Plan to Report