FASB pension accounting reform expected to have a big impact.(Financial Accounting Standards Board )

Pensions & Investments, November, 2005 by Burr, Barry B.

Byline: Barry B. Burr NORWALK, Conn. - The FASB's vote last week to start overhauling its pension and other post-retirement benefits accounting statements is expected to give another boost to the concept of liability-led investing. The Financial Accounting Standards Board voted Nov. 10 to start overhauling its Statement 87 on pension accounting and Statement 106 on accounting for retiree health care and other non-pension post-retirement benefits.

"While the accounting and reporting issues do not appear to lend themselves to a simple fix, the board believes that immediate improvements are necessary, and will look for areas that can be improved quickly,'' Chairman Robert Herz said in a statement. The FASB plans to conduct the project in two phases. First,...

Read the rest of this article with a Free Trial at HighBeam Research.

Premium Content Partnership | HighBeam Research provides an in-depth online archive library of reference works.