Excerpt: In this project, the Board will consider the possibility of improvements to the existing standards of accounting and financial reporting for postemployment benefits -- including pension benefits and other postemployment benefits (OPEB) -- by state and local governmental employers and by the trustees, administrators, or sponsors of pension or OPEB plans. One objective of this project is to improve accountability, or the transparency of financial reporting, in regard to the financial effects of employers' commitments and actions related to pension benefits and OPEB.  MORE >>