FASB Okays Use of Projected Benefit Obligation to Account for Pension Liabilities on Balance Sheet

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FASB Okays Use of Projected Benefit Obligation to Account for Pension Liabilities on Balance Sheet
CFO

July 13, 2006

Excerpt: Overriding the objections of employers and actuaries, the Financial Accounting Standards Board unanimously agreed [yesterday] to require companies to include estimates of their future pension liabilities on their balance sheets.

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