FASB Issues Proposed FASB Staff Position (FSP) No. 132(R)-a, Employers’ Disclosures about Postretirement Benefit Plan Assets
Financial Accounting Standards Board (FASB) has issued
FASB Staff Position (FSP) No. 132(R)-a,
Employers’ Disclosures about Postretirement Benefit Plan Assets. The purpose of the proposed FSP is to obtain feedback from constituents on proposed guidance intended to improve the quality of financial reporting by increasing disclosures about the types of assets held in postretirement benefit plans. This proposed FSP would amend FASB Statement No. 132 (revised 2003),
Employers’ Disclosures about Pensions and Other Postretirement Benefits, to improve public and nonpublic employer’s disclosures about postretirement benefit plan assets. Additionally, this proposed FSP includes a technical amendment to Statement 132(R) that would require a nonpublic entity to disclose net periodic benefit cost. Respondents have until May 2, 2008 to provide comment.
