FASB rethinks Pensions, other Postretirement Benefits.

PositionFASB News

FASB will address concerns about measurement of assets and liabilities; consolidation; and reporting of financial performance in Statement No. 87, Employers' Accounting for Pensions, and Statement No. 106, Employers' Accounting for Postretirement Benefits Other Than Pensions, in two phases.

The first, expected to be finalized by late-2006, will seek to improve transparency. The second phase would address other issues, including how to best recognize and display the elements that affect the cost of providing postretirement benefits; how to best...

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