The ASU proposes additional quantitative and qualitative disclosures from employers, including:
- A description of the plans in which the employer is involved
- The employer's contractual commitments to the plans
- The expected impact of participating in the plans on the employer's future cash flows (including the potential impact of plan withdrawal obligations).
If approved, the proposed ASU would require a public company to provide the enhanced disclosures for fiscal years ending after 15 December 2010. Comment are due on or before 1 November 2010.
Click for FASB press release (link to FASB website).