International accounting standards about liabilities triggered on withdrawal from a multiemployer pension plan

[Peter Gulia]

Last week, the Financial Accounting Standards Board announced FASB's approval of a new accounting standard (not quite finished) for a little disclosure that might help a careful reader begin its own analysis about the business' exposure to liabilities that relate to a multiemployer defined-benefit pension plan's weak funding.

Nowadays, many observers of accounting compare a U.S. standard to an international standard to consider how similar or different they are.

What does international accounting standards call for to explain a business' exposure to liabilities that would result if an employer withdrew from a pension plan?

[david rigby]

From June 2011:

http://www.ifrs.org/News/Press+Releases/IAS+19+June+2011.htm

Unfortunately, to read the entire revised Statement 19, you must be a subscriber, but here is a summary:

http://www.ifrs.org/NR/rdonlyres/D06B86E4-...FSIAS190611.pdf

Not much detail available, but it appears that sponsors of multi-employer plans must include some information about withdrawal liability (page 19).

[Peter Gulia]

Thank you!