Implications of FASB’s New Requirements for Multiemployer Plan Disclosures

December 1, 2011Articles Accounting Today

Harvey Katz discussed the revised accounting standard by the Financial Accounting Standards Board in this Accounting Today article and gave an explanation of what these changes will do for employer's benefits plans.

The revised standard requires contributing nongovernmental employers to provide more information about their financial obligations to multiemployer pension plans. The changes only affect those that are defined health benefit plans covering the union employees for more than one employer.

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