April 2012 Archive

Update on pension accounting

April 16, 2012

In June, 2011, the International Accounting Standards Board (IASB) finalized new rules for pension accounting internationally (IAS 19). We provided, at that time, an article reviewing the new IASB rules in detail. Since IASB's action, the question of whether the US Financial Accounting Standards Board (FASB) would adopt new pension accounting rules, perhaps modeled on the IASB standard, has been raised by a number of persons. In this article we briefly review the issues that have been raised with respect to current pension accounting, the new IASB standard and recent discussions of its impact on US accounting. Read More

March 2012 Pension Finance Update

April 02, 2012

The first quarter of 2012 brought significant relief to beleaguered pension sponsors, undoing the majority of the pain inflicted in 2011. The two “model” plans we track both enjoyed a third straight month of improvement, with traditional “Plan A” improving by 3%, while “Plan B” gained 1%. For the year, Plan A has improved about 8%, and Plan B about 2%, compared with the end of 2011. Download

Senate passes highway bill with DB funding relief

April 02, 2012

On March 14, 2012 the Senate passed the Highway Investment, Job Creation and Economic Growth Act of 2012 (S. 1813). The bill now goes to the House, which has been working on its own highway bill, although passage is not expected in the immediate-term. S. 1813 includes defined benefit funding relief that may be useful to many DB plan sponsors. In this article we review the funding relief in the Senate bill and discuss some issues it raises for sponsors. Read More

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