FASB fine-tunes new disclosures about pension and retiree medical plan assets

A refined FAS 132(R), Employers' Disclosures about Pensions and Other Postretirement Benefits, should describe the objectives of employers' disclosures about their pension, retiree medical and other postretirement benefit plan assets and investment risks, FASB decided at its Sept. 24 meeting. The amended standard should also require a detailed breakdown by asset category. At a future meeting, the board will consider disclosures about fair value measurement and the effective date of the amended standard, which will not apply earlier than fiscal years ending after Dec. 15, 2009.  (Select News, 25 Sep 2008)

• Full text of proposed FSP FAS 123(R)-a

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