In case you missed the announcement right before Christmas, FASB finally issued its new accounting standards requiring greater disclosure about pension and other post-retirement benefits plans.
As expected, companies must now provide a breakdown of plan assets by category, such as equity, debt and real estate.
A "target allocation" percentage is also required for those asset categories, as is a description of investment policies and strategies.
The complete text of the new standard, an FAQ on the disclosures, and related guidance are available from the box at right.
No comments yet