Financial Accounting Standards Board Finalizes Pension Disclosure Standard Update

Fri, 08/05/2011 - 11:59

The Financial Accounting Standards Board (FASB) announced on July 27, a new financial disclosure standard for multiemployer pension plans.  AGC is very proud of the successful, painstaking efforts by our Tax and Fiscal Affairs committee and the Construction Industry FASB Coalition in getting the most dangerous provisions of the originally proposed plan removed, including information about withdrawal liability and retiree health and welfare benefits (though the latter might be addressed in a future initiative).  For some background on this issue, click here.  To view FASB’s press release, click here. For more information, contact Karen Lapsevic at 202-547-4733 or lapsevick@agc.org.