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Pension Guidance Will Call for More Fair-Value Disclosure

Tammy Whitehouse | November 11, 2008

When the Financial Accounting Standards Board finalizes its proposed staff position on pension plan disclosures, it will call for a lot more information about where and how fair value is used to measure pension plan assets.

FASB is working on amendments to Financial Accounting Standard 132R: Employers’ Disclosures About Post-retirement Benefit Plan Assets. The board accepted comments on the proposal through May, then reached some decisions at a recent meeting about what the final guidance will require.

FASB determined it will require employers to disclose where within the three-level hierarchy for measuring fair value a particular plan’s assets fall. The three-tier hierarchy is described in Financial Accounting Standard 157: Fair Value Measurements. The guidance will require...

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