Guest Noelle Posted December 7, 2004 Posted December 7, 2004 I know that many employers providing retiree health coverage are imposing caps on employer contributions in order to limit FAS 106 liability. Are there any special requirements for imposing such a cap or is it treated the same as any other amendment to a plan? Practical implementation suggestions are much appreciated.
GBurns Posted December 7, 2004 Posted December 7, 2004 FAS 106 is for the accounting of the liability of whatever it is that is to be provided. Changing what is to be provided is a plan change/amendment just like any other plan change/amendment and subject to the same considerations, rules and regulations etc. George D. Burns Cost Reduction Strategies Burns and Associates, Inc www.costreductionstrategies.com(under construction) www.employeebenefitsstrategies.com(under construction)
AndyH Posted December 8, 2004 Posted December 8, 2004 Noelle, you probably will get better answers THAN THAT by moving this question to the DB Board.
GBurns Posted December 8, 2004 Posted December 8, 2004 I agree, better answers than BOTH of THESE might be obtained elsewhere. George D. Burns Cost Reduction Strategies Burns and Associates, Inc www.costreductionstrategies.com(under construction) www.employeebenefitsstrategies.com(under construction)
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