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ERIC Tells FASB to Drop Rule that Would Inflate Balance Sheet Liabilities for Cash Balance Plans
The ERISA Industry Committee [ERIC] 
May 27, 2003
Press release. Excerpt: In a letter to FASB, ERIC estimated that FASB's proposal to change the discount interest rate used to value certain cash balance plans to a more conservative rate would, in some cases, increase plan liabilities by 20 to 40 percent. The proposal was advanced without any notice, comment period or discussion.
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