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Improving the presentation of net benefit cost

The objective of this project is to simplify and improve the reporting of net periodic pension cost and net periodic postretirement benefit cost (“net benefit cost”).

 

Meeting minutes

  • November 2, 2016 — The Board discussed issues arising during the drafting of a final ASU.
  • August 24, 2016 — The Board discussed feedback on its proposed ASU.
  • November 2, 2015 — The Board discussed issues while drafting an exposure draft on this project.
  • June 29, 2015 — The Board added the project to its technical agenda.
  • May 27, 2015 — The Board discussed research and analysis conducted by the staff.

 

Current status

On March 10, 2017, the FASB issued ASU 2017-07, Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost.

 

Project milestones

Date Developments Comments
June 29, 2015 Added to the FASB's agenda.
January 26, 2016 Comments due April 25, 2016.
March 10, 2017 ASU, Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost Effective December 15, 2017, for public business entities.

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.