Pension plan sponsors have a new set of ground rules to follow in disclosing how they’re allocating assets and managing risk.
The Financial Accounting Standards Board finalized staff guidance that amends Financial Accounting Statement No. 132R: Employers’ Disclosures about Pensions and Other Post-retirement Benefits to flesh out new disclosures regarding where plan sponsors are investing pension plan assets. The new disclosures do not come into effect, however, until the end of 2009, so companies will not be required to include the new disclosures in their 2008 calendar-year financial statements.
