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Journal entry — FASB adds project on improved disclosures for multiemployer pension plans and other postretirement benefit plans

Published on: Mar 18, 2010

Yesterday, FASB Chairman Robert Herz announced that the FASB has added to its agenda a project to improve disclosures about employers’ participation in multiemployer pension and other postretirement benefit plans. This project will not be a joint project with the IASB; however, the FASB will consider and evaluate any IASB proposals addressing disclosures about multiemployer plans. The Board will conduct deliberations on this topic in April and is likely to propose a project timetable that could make the disclosures effective for 2010 year-end reporting.

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