{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/715/60/#50-disclosure","source":"FASB Accounting Standards Codification, Basic View","usage":"Study and research edition. Verify current requirements with the official source. Summaries, enrichment, and tags are machine-generated study aids. Paragraph html preserves source markup; snippet is abbreviated. Pending content is not necessarily effective.","topic":"715","topic_title":"Compensation—Retirement Benefits","subtopic":"715-60","subtopic_title":"Defined Benefit Plans—Other Postretirement","section":{"number":"50","label":"50 Disclosure","anchor":"50-disclosure","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"715-60-50-1","para":"50-1","html":"<div class=\"asc-body\"><div class=\"norm-text\">See paragraphs <div class=\"xref-range displayInline\"><a href=\"/asc/715/20/#715-20-50-1\" class=\"xref\">715-20-50-1 through 50-7</a></div> for disclosure requirements for defined benefit plans other than disclosure requirements related to the Medicare Prescription Drug, Improvement, and Modernization Act, which are provided in paragraphs <div class=\"xref-range displayInline\"><a href=\"/asc/715/60/#715-60-50-2\" class=\"xref\">715-60-50-2 through 50-6</a></div>.</div> </div>","snippet":"See paragraphs 715-20-50-1 through 50-7 for disclosure requirements for defined benefit plans other than disclosure requirements related to the Medicare Prescription Drug, Improvement, and Modernization Act, which are pr…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3c0ed257238eaa27409356b034687e350baa89381212c0c747f05432d5c634d6","downloaded_from":"2026-09-10T01:00:44.764Z","last_downloaded_at":"2026-09-10T01:00:44.764Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480266","source_sha256":"b7fa6d2d3c51c27c99b43e617e1e410d528279d8652f46cecff86de8ab7e2f99"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:6fb6a79d951b20eb5e8a7ad980d34859dd1e26aa7f3342f38c178a5af76f1261","downloaded_from":"2026-09-10T01:00:44.764Z","last_downloaded_at":"2026-09-10T01:00:44.764Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480266","source_sha256":"b7fa6d2d3c51c27c99b43e617e1e410d528279d8652f46cecff86de8ab7e2f99"}},{"block":"Medicare Prescription Drug, Improvement, and Modernization Act","heading":null,"paragraphs":[{"citation":"715-60-50-2","para":"50-2","html":"<div class=\"asc-body\"><div class=\"norm-text\">This Subsection provides guidance on disclosures regarding the effect of the Medicare subsidy. <span class=\"sfragment\" id=\"sfr_C2DD1CE4-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">This Subsection also provides guidance on the disclosures about the effects of the subsidy for an employer that sponsors a postretirement health care benefit <a href=\"/glossary/p/#plan\" class=\"term\" title=\"An arrangement that is mutually understood by an employer and its employees, whereby an employer undertakes to provide its employees with benefits after they retire in exchange for their services over a specified period of time, upon attaining a specified age while in service, or a combination of both. A plan may be written or it may be implied by a well-defined, although perhaps unwritten, practice of paying postretirement benefits or from oral representations made to current or former employees. See Substantive Plan.\"><span>plan</span></a> that provides prescription drug coverage but for which the employer has not yet been able to determine actuarial equivalency. </span></span></div> </div>","snippet":"This Subsection provides guidance on disclosures regarding the effect of the Medicare subsidy. This Subsection also provides guidance on the disclosures about the effects of the subsidy for an employer that sponsors a po…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c42eebfce69ee928131ff4d5ce48eaa99fdf5aff0e4e3c482a708d4d2380dac7","downloaded_from":"2026-09-10T01:00:44.764Z","last_downloaded_at":"2026-09-10T01:00:44.764Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480266","source_sha256":"b7fa6d2d3c51c27c99b43e617e1e410d528279d8652f46cecff86de8ab7e2f99"}},{"citation":"715-60-50-3","para":"50-3","html":"<div class=\"asc-body\"><div class=\"norm-text\"> <span class=\"sfragment\" id=\"sfr_C2DD1EA8-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">In interim and annual financial statements for the first period in which an employer includes the effects of the subsidy in measuring the <a href=\"/glossary/a/#accumulated-postretirement-benefit-obligation\" class=\"term\" title=\"The actuarial present value as of a particular date of all future benefits attributed to an employee's service rendered to that date assuming the plan continues in effect and that all assumptions about future events are fulfilled. The accumulated postretirement benefit obligation generally reflects a ratable allocation of expected future benefits to employee service already rendered in the attribution period. Before an employee's full eligibility date, the accumulated postretirement benefit obligation as of a particular date for an employee is the portion of the expected postretirement benefit obligation attributed to that employee's service rendered to that date; on and after the full eligibility date, the accumulated and expected postretirement benefit obligations for an employee are the same.\"><span>accumulated postretirement benefit obligation</span></a> and the first period in which an employer includes the effects of the subsidy in measuring <a href=\"/glossary/n/#net-periodic-postretirement-benefit-cost\" class=\"term\" title=\"The amount recognized in an employer's financial statements as the cost of a postretirement benefit plan for a period. Components of net periodic postretirement benefit cost include service cost, interest cost, actual return on plan assets, gain or loss, amortization of prior service cost or credit, and amortization of the transition obligation or asset.\"><span>net periodic postretirement benefit cost</span></a>, it shall disclose all of the following: </span></span> <ol class=\"ol-norm\"> <li class=\"li-norm\"><span class=\"linum\">a</span> <div class=\"p\"> <span class=\"sfragment\" id=\"sfr_C2DD2018-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">The reduction in the accumulated postretirement benefit obligation for the subsidy related to <a href=\"/glossary/b/#benefits\" class=\"term\" title=\"The monetary or in-kind benefits or benefit coverage to which participants may be entitled under a pension plan or a health and welfare plan (which can include active, terminated, and retired employees or their dependents or beneficiaries). Examples of benefits may include, but are not limited to, health care benefits, life insurance, legal, educational, and advisory services, pension benefits, disability benefits, death benefits, and benefits due to termination of employment.\"><span>benefits</span></a> attributed to past service. </span></span> </div> </li> <li class=\"li-norm\"><span class=\"linum\">b</span> <div class=\"p\"> <span class=\"sfragment\" id=\"sfr_C2DD2179-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">The effect of the subsidy on the measurement of net periodic postretirement benefit cost for the current period. That effect includes any <a href=\"/glossary/a/#amortization\" class=\"term\" title=\"The process of reducing a recognized liability systematically by recognizing gains or by reducing a recognized asset systematically by recognizing losses. In accounting for pension benefits or other postretirement benefits, amortization also means the systematic recognition in net periodic pension cost or other postretirement benefit cost over several periods of amounts previously recognized in other comprehensive income, that is, gains or losses, prior service cost or credits, and any transition obligation or asset.\"><span>amortization</span></a> of the actuarial gain in (a) of this paragraph as a component of the net amortization called for by paragraphs <div class=\"xref-range displayInline\"><a href=\"/asc/715/60/#715-60-35-29\" class=\"xref\">715-60-35-29 through 35-30</a></div>, the reduction in current period service cost due to the subsidy, and the resulting reduction in interest cost on the accumulated postretirement benefit obligation as a result of the subsidy. </span></span> </div> </li> <li class=\"li-norm\"><span class=\"linum\">c</span> <div class=\"p\"> <span class=\"sfragment\" id=\"sfr_C2DD22D3-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Any other disclosures required by paragraph <a href=\"/asc/715/20/#715-20-50-1\" class=\"xref\">715-20-50-1(r)</a>. </span></span> </div> </li> </ol> </div> </div>","snippet":"In interim and annual financial statements for the first period in which an employer includes the effects of the subsidy in measuring the accumulated postretirement benefit obligation and the first period in which an emp…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e9b07810de8d4a1a9c2e3f9daa978d88a4265c53cb31cd1be5ae04b53e7785ad","downloaded_from":"2026-09-10T01:00:44.764Z","last_downloaded_at":"2026-09-10T01:00:44.764Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480266","source_sha256":"b7fa6d2d3c51c27c99b43e617e1e410d528279d8652f46cecff86de8ab7e2f99"}},{"citation":"715-60-50-4","para":"50-4","html":"<div class=\"asc-body\"><div class=\"norm-text\"> <span class=\"sfragment\" id=\"sfr_C2DD245E-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">For purposes of the disclosures required by paragraph <a href=\"/asc/715/20/#715-20-50-1\" class=\"xref\">715-20-50-1(a)</a> and <a href=\"/asc/715/20/#715-20-50-1\" class=\"xref\">715-20-50-1(f)</a>, an employer shall disclose gross benefit payments (paid and expected, respectively), including prescription drug benefits, and separately the gross amount of the subsidy receipts (received and expected, respectively). </span></span> </div> </div>","snippet":"For purposes of the disclosures required by paragraph 715-20-50-1(a) and 715-20-50-1(f), an employer shall disclose gross benefit payments (paid and expected, respectively), including prescription drug benefits, and sepa…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c9a3ef6b770c5b711e90d6db85a8521c3c0b8ffb6c2a14a0e1674b0defbb0966","downloaded_from":"2026-09-10T01:00:44.764Z","last_downloaded_at":"2026-09-10T01:00:44.764Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480266","source_sha256":"b7fa6d2d3c51c27c99b43e617e1e410d528279d8652f46cecff86de8ab7e2f99"}},{"citation":"715-60-50-5","para":"50-5","html":"<div class=\"asc-body\"><div class=\"norm-text\"> <a href=\"/updates/page-1833002/\" class=\"xref\">Paragraph not used</a>.</div> </div>","snippet":"Paragraph not used.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:76966ab5909061383980827b498016a96619afb78f69de5c1619808f4b32a061","downloaded_from":"2026-09-10T01:00:44.764Z","last_downloaded_at":"2026-09-10T01:00:44.764Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480266","source_sha256":"b7fa6d2d3c51c27c99b43e617e1e410d528279d8652f46cecff86de8ab7e2f99"}},{"citation":"715-60-50-6","para":"50-6","html":"<div class=\"asc-body\"><div class=\"norm-text\"> <span class=\"sfragment\" id=\"sfr_C2DD2599-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Until an employer is able to determine whether benefits provided by its plan are actuarially equivalent, it shall disclose both of the following in financial statements for interim or annual periods: </span></span> <ol class=\"ol-norm\"> <li class=\"li-norm\"><span class=\"linum\">a</span> <div class=\"p\"> <span class=\"sfragment\" id=\"sfr_C2DD26E2-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">The existence of the Medicare Prescription Drug, Improvement, and Modernization Act </span></span> </div> </li> <li class=\"li-norm\"><span class=\"linum\">b</span> <div class=\"p\"> <span class=\"sfragment\" id=\"sfr_C2DD2814-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">That measures of the accumulated postretirement benefit obligation or net periodic postretirement benefit cost do not reflect any amount associated with the subsidy because the employer is unable to conclude whether the benefits provided by the plan are actuarially equivalent to Medicare Part D under the Act. </span></span> </div> </li> </ol> </div> </div>","snippet":"Until an employer is able to determine whether benefits provided by its plan are actuarially equivalent, it shall disclose both of the following in financial statements for interim or annual periods:\n(a) The existence of…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:86306d5aeb8dd5419e9f3466feaf8273c71372545791bd062c1dea941dad0843","downloaded_from":"2026-09-10T01:00:44.764Z","last_downloaded_at":"2026-09-10T01:00:44.764Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval 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