Many companies also offer other postretirement
employee benefits (OPEB), including healthcare and life insurance.
In another action, the FASB issued a standard that will require employers to fully recognize the obligations associated with single-employer defined benefit pension, retiree healthcare and other postretirement
plans in their financial statements.
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 measure the obligation; and whether further guidance should be provided regarding measurement assumptions.
The Department of Energy (DOE), which carries out its national security, environmental cleanup, and research missions through extensive use of contractors, faces significant costs for postretirement
health and pension benefits for contractor employees.
132 (revised 2003), Employers' Disclosures about Pensions and Other Postretirement
Benefits, in December to in, prove financial statement information on defined benefit plans (www.
The Board also issued an Exposure Draft, "Employers' Disclosures about Pensions and Other Postretirement
Benefits," that would improve financial statement disclosures for defined benefit plans.
6 million this year as a result of the adoption of the multiemployer postretirement
Will the participant be required to provide substantial postretirement
part-time employee or consulting services to qualify for benefits?
106 (SFAS # 106), Employers' Accounting for Postretirement
Benefits Other than Pensions.
NYSE:GTI) today filed an amendment to its Annual Report on Form 10-K for the year ended December 31, 2010 to reflect the retrospective application of its election to adopt a new policy that changes the method of accounting for pension and other postretirement
The primary subject matter of this case concerns changes in accounting for defined benefit pensions and other postretirement
benefit plans proposed and promulgated by the Financial Accounting Standards Board (FASB) and their effects on the financial statements of companies that currently sponsor these plans.
FASB issued Statement of Financial Accounting Standards (SFAS) 158, Employers' Accounting for Defined Benefit Pension and Other Postretirement
Plans, in September 2006.