# ASC 715-60-50: Compensation—Retirement Benefits — Defined Benefit Plans—Other Postretirement — 50 Disclosure Source: FASB Accounting Standards Codification, Basic View [Read online](https://asc.understandingaccounting.org/asc/715/60/#50-disclosure) 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. Tables and mathematical or amendment markup are retained as HTML where Markdown would lose structure. Source downloaded (UTC): 2026-09-10T01:00:44.764Z to 2026-09-10T01:00:44.764Z Record version: sha256:1a4f7dcac753f6a239fd732f2fd064c960b01d3caf6d07c439c8580f89dc7627 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 715-60-50: 50 Disclosure [Read section](https://asc.understandingaccounting.org/asc/715/60/#50-disclosure) SEC content: no ##### [715-60-50-1](https://asc.understandingaccounting.org/asc/715/60/#715-60-50-1) Pending content: no Source downloaded (UTC): 2026-09-10T01:00:44.764Z to 2026-09-10T01:00:44.764Z Record version: sha256:3c0ed257238eaa27409356b034687e350baa89381212c0c747f05432d5c634d6 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. See paragraphs [715-20-50-1 through 50-7](https://asc.understandingaccounting.org/asc/715/20/#715-20-50-1) 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 [715-60-50-2 through 50-6](https://asc.understandingaccounting.org/asc/715/60/#715-60-50-2) . ### Medicare Prescription Drug, Improvement, and Modernization Act ##### [715-60-50-2](https://asc.understandingaccounting.org/asc/715/60/#715-60-50-2) Pending content: no Source downloaded (UTC): 2026-09-10T01:00:44.764Z to 2026-09-10T01:00:44.764Z Record version: sha256:c42eebfce69ee928131ff4d5ce48eaa99fdf5aff0e4e3c482a708d4d2380dac7 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. 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 postretirement health care benefit [plan](https://asc.understandingaccounting.org/glossary/p/#plan "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.") that provides prescription drug coverage but for which the employer has not yet been able to determine actuarial equivalency. ##### [715-60-50-3](https://asc.understandingaccounting.org/asc/715/60/#715-60-50-3) Pending content: no Source downloaded (UTC): 2026-09-10T01:00:44.764Z to 2026-09-10T01:00:44.764Z Record version: sha256:e9b07810de8d4a1a9c2e3f9daa978d88a4265c53cb31cd1be5ae04b53e7785ad Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. 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](https://asc.understandingaccounting.org/glossary/a/#accumulated-postretirement-benefit-obligation "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.") and the first period in which an employer includes the effects of the subsidy in measuring [net periodic postretirement benefit cost](https://asc.understandingaccounting.org/glossary/n/#net-periodic-postretirement-benefit-cost "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."), it shall disclose all of the following: 1. a The reduction in the accumulated postretirement benefit obligation for the subsidy related to [benefits](https://asc.understandingaccounting.org/glossary/b/#benefits "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.") attributed to past service. 2. b The effect of the subsidy on the measurement of net periodic postretirement benefit cost for the current period. That effect includes any [amortization](https://asc.understandingaccounting.org/glossary/a/#amortization "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.") of the actuarial gain in (a) of this paragraph as a component of the net amortization called for by paragraphs [715-60-35-29 through 35-30](https://asc.understandingaccounting.org/asc/715/60/#715-60-35-29) , 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. 3. c Any other disclosures required by paragraph [715-20-50-1(r)](https://asc.understandingaccounting.org/asc/715/20/#715-20-50-1). ##### [715-60-50-4](https://asc.understandingaccounting.org/asc/715/60/#715-60-50-4) Pending content: no Source downloaded (UTC): 2026-09-10T01:00:44.764Z to 2026-09-10T01:00:44.764Z Record version: sha256:c9a3ef6b770c5b711e90d6db85a8521c3c0b8ffb6c2a14a0e1674b0defbb0966 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. For purposes of the disclosures required by paragraph [715-20-50-1(a)](https://asc.understandingaccounting.org/asc/715/20/#715-20-50-1) and [715-20-50-1(f)](https://asc.understandingaccounting.org/asc/715/20/#715-20-50-1), 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). ##### [715-60-50-5](https://asc.understandingaccounting.org/asc/715/60/#715-60-50-5) Pending content: no Source downloaded (UTC): 2026-09-10T01:00:44.764Z to 2026-09-10T01:00:44.764Z Record version: sha256:76966ab5909061383980827b498016a96619afb78f69de5c1619808f4b32a061 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph not used](https://asc.understandingaccounting.org/updates/page-1833002/). ##### [715-60-50-6](https://asc.understandingaccounting.org/asc/715/60/#715-60-50-6) Pending content: no Source downloaded (UTC): 2026-09-10T01:00:44.764Z to 2026-09-10T01:00:44.764Z Record version: sha256:86306d5aeb8dd5419e9f3466feaf8273c71372545791bd062c1dea941dad0843 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. 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: 1. a The existence of the Medicare Prescription Drug, Improvement, and Modernization Act 2. b 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.