Thursday, September 6, 2007

More Pension Accounting Changes Coming - Watch Out Multiemployer Plans

Just read a good analysis of what may be coming in pension accounting changes. The FASB issued Statement 158 in 2006, which put net benefit plan balances on the balance sheet. This is supposed to be the start of more changes.

Which we didn't hear much about until yesterday's meetings. One thing that may change in the future is the institution of some accounting standards and disclosure requirements for multiemployer plans. This could be a significant issue for producers in union environments, as the union plans are almost always multiemployer plans.

While it uncertain what will happen, something will happen.

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