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Director of Member Services, Member/ Employer Experience Orange County Employees Retirement System
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| Updated FASB Rules Would See Retiree Benefits and Obligations Spelled Out in Greater Detail BusinessWeek  Nov. 15, 2005 Excerpt: On Nov. 10, the Financial Accounting Standards Board (FASB) unanimously voted to add pension and other postretirement benefits (OPEB) to its agenda. We at Standard & Poor's believe this project will have a significant impact on equity valuations as well as income and balance sheets, and will turn into the major issue in financial accounting over the next five years. |
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