FASB announces amendment to FASB No. 132

The FASB staff announces an amendment to FASB Statement No. 132 regarding Employer’s Dislosures regarding Pensions and other post-retirement benefits.

Document Excerpt



1. This FASB Staff Position (FSP) amends FASB Statement No. 132 (revised 2003), Employers’ Disclosures about Pensions and Other Postretirement Benefits, to provide guidance on an employer’s disclosures about plan assets of a defined benefit pension or other postretirement plan.

2. This FSP also includes a technical amendment to Statement 132(R) that requires a nonpublic entity to disclose net periodic benefit cost for each annual period for which a statement of income is presented.


Link http://www.fasb.org/pdf/fsp_fas132r-1.pdf

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