FASB eyes possible changes to US pensions accounting

2014-02-10T22:14:18-08:00February 10th, 2014|Categories: Pension Reform|Tags: , , |

The US accounting rule maker, the Financial Accounting Standards Board (FASB), has voted to start research on possible changes to pensions accounting under US generally accepted accounting principles. Any new accounting requirements could affect either traditional defined benefit accounting or the accounting regime for cash-balance pension plans. Summing up the result of the board’s 29 January discussions, FASB chairman Russell Golden said: “There is no separate pension project at this time. We are going to put the presentation aspects [...]