<nobr>Sep 22, 2003</nobr>

FASB Proposed Statement on Financial Standards: Employers' Disclosures about Pension Postretirement Benefits

The Financial Accounting Standards Board (FASB) has issued an Exposure Draft that replaces FASB Statement No. 132, Employers' Disclosures about Pensions and Other Postretirement Benefits, published in 1998 as part of the board's effort to address disclosure effectiveness requiring substantial expanded annual disclosures of a company’s pension plans.

Under the new proposal, FASB would require companies to provide greater detail about their plan assets, benefit obligations, cash flows, benefit costs and other relevant information. Companies would be required to provide in their financial statements a breakdown of plan assets by category, such as equity, debt and real estate. The guidance would also require financial statements to disclose rates of return and target allocation percentages (i.e. target ranges), for these asset categories

Text Files:

Proposed Statement of Financial Accounting Standards

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