Financial Reporting Alert 09-5: Financial Reporting Considerations for Pension and Other Postretirement BenefitsNovember 6, 2009 |
The attached Financial Reporting Alert supersedes Financial Reporting Alert 08-19 and highlights the impact that the volatile financial markets may have had, and could have, on an entity’s pension and other postretirement benefit calculations and disclosures. In addition, the alert addresses certain implementation issues associated with the new postretirement benefit plan asset and fair value disclosures required by FASB Accounting Standards Codification (ASC) Section 715-20-50, Compensation — Retirement Benefits: Defined Benefit Plans — General: Disclosures, as amended by FASB Staff Position No. FAS 132(R)-1, “Employers’ Disclosures About Postretirement Benefit Plan Assets.”
Financial Reporting Alert 09-5
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