Pensions & Investments – Commentary: FASB changes to defined benefit plan disclosure requirements

On Aug. 28, the Financial Accounting Standards Board issued changes to the disclosure requirements for employers that sponsor defined benefit pension or other post-retirement plans.

The changes are aimed at improving the effectiveness of financial statement disclosures by eliminating the requirement for certain disclosures FASB no longer considers cost beneficial and requiring new disclosures that FASB considers relevant. The board does not anticipate significant cost increases because of the changes, as the information shown in the newly required disclosure should be readily available

By Dave Davala

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