Defined benefit pension and other post-retirement plans.

• Position: FASB News

FASB has issued a standard requiring employers to fully recognize the obligations associated with single-employer defined benefit pension, retiree health care and other post-retirement plans in their financial statements.

Statement of Financial Accounting Standards No. 158 applies to plan sponsors that are public and private companies, and nongovernmental not-for-profit organizations.

The requirement to recognize the funded status of a benefit plan and the disclosure requirements are...