Guest smstls Posted August 7, 2005 Posted August 7, 2005 What is the current state of the PBO = ABO = sum of cash balance accounts issue? Any chance this is going to be effective for FAS132 disclosure at 12/31/05?
Effen Posted August 8, 2005 Posted August 8, 2005 I believe the FASB is still reviewing this. They are also looking at plans the pay lump sums through the same lens. That is, the ABO should never be less than the current value of the lump sums (ie: termination liability). http://www.fasb.org/project/amendment_st87&35.shtml The material provided and the opinions expressed in this post are for general informational purposes only and should not be used or relied upon as the basis for any action or inaction. You should obtain appropriate tax, legal, or other professional advice.
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