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Disclosure framework: Disclosure review — Defined benefit plans

The objective of this project is to improve the effectiveness of disclosures that employers provide about defined benefit plans.

 

Meeting minutes

  • March 14, 2018 — The Board completed its redeliberations on proposed ASU, Changes to the Disclosure Requirements for Defined Benefit Plans.
  • February 14, 2018 — The Board met to discuss issues relating to the proposed ASU, Changes to the Disclosure Requirements for Defined Benefit Plans.
  • July 13, 2016 — The Board discussed feedback on its proposed ASU, Changes to the Disclosure Requirements for Defined Benefit Plans.
  • November 2, 2015 — The Board discussed issues on the development of an ED addressing disclosures about defined benefit plans. The Board’s technical plan calls for this document to be issued in the fourth quarter of 2015.
  • July 9, 2015 — The Board discussed potential changes to defined benefit plans.
  • June 29, 2015 — The Board discussed potential changes to defined benefit plan disclosure requirements.
  • August 20, 2014 — The Board discussed different ways of promoting the appropriate use of discretion by reporting entities in applying annual disclosure requirements for defined benefit plans.
  • June 11, 2014 — The Board discussed whether changes can be made to the disclosures that employers provide about defined benefit plans.
  • April 4, 2014 — The Board discussed results from a field study and potential next steps.

 

Current status

At its March 14, 2018, meeting, the FASB directed its staff to draft an ASU for vote by written ballot.

 

Project milestones

Date Developments Comments
March 4, 2014 Exposure Draft, Conceptual Framework for Financial Reporting: Chapter 8: Notes to Financial Statements, is issued by the FASB. Comment deadline July 14, 2014.
January 26, 2016 Proposed ASU, Compensation — Retirement Benefits–Defined Benefit Plans — General (Subtopic 715-20): Changes to the Disclosure Requirements for Defined Benefit Plans. Comment deadline April 25, 2016.

 

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.