{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/715/60/#60-relationships","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":"60","label":"60 Relationships","anchor":"60-relationships","is_sec":false,"groups":[{"block":null,"heading":"Business Combinations","paragraphs":[{"citation":"715-60-60-1","para":"60-1","html":"<div class=\"asc-body\"><div class=\"norm-text\">For guidance on the accounting when an employer is acquired in a business combination and that employer sponsors a single-employer <a href=\"/glossary/d/#defined-benefit-plan\" class=\"term\" title=\"A defined benefit plan provides participants with a determinable benefit based on a formula provided for in the plan. Defined benefit health and welfare plans—Defined benefit health and welfare plans specify a determinable benefit, which may be in the form of a reimbursement to the covered plan participant or a direct payment to providers or third-party insurers for the cost of specified services. Such plans may also include benefits that are payable as a lump sum, such as death benefits. The level of benefits may be defined or limited based on factors such as age, years of service, and salary. Contributions may be determined by the plan's actuary or be based on premiums, actual claims paid, hours worked, or other factors determined by the plan sponsor. Even when a plan is funded pursuant to agreements that specify a fixed rate of employer contributions (for example, a collectively bargained multiemployer plan), such a plan may nevertheless be a defined benefit health and welfare plan if its substance is to provide a defined benefit. Defined benefit pension plan—A pension plan that defines an amount of pension benefit to be provided, usually as a function of one or more factors such as age, years of service, or compensation. Any pension plan that is not a defined contribution pension plan is, for purposes of Subtopic 715-30, a defined benefit pension plan. Defined benefit postretirement plan—A plan that defines postretirement benefits in terms of monetary amounts (for example, $100,000 of life insurance) or benefit coverage to be provided (for example, up to $200 per day for hospitalization, or 80 percent of the cost of specified surgical procedures). Any postretirement benefit plan that is not a defined contribution postretirement plan is, for purposes of Subtopic 715-60, a defined benefit postretirement plan. (Specified monetary amounts and benefit coverage are collectively referred to as benefits.)\"><span>defined benefit postretirement plan</span></a>, see paragraph <a href=\"/asc/805/20/#805-20-25-25\" class=\"xref\">805-20-25-25</a>.</div> </div>","snippet":"For guidance on the accounting when an employer is acquired in a business combination and that employer sponsors a single-employer defined benefit postretirement plan, see paragraph 805-20-25-25.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:7dd8d053fecb132f1d7663d06b2e4e3aa8757576b79e5ae6ee3b5edcc0f849d5","downloaded_from":"2026-09-10T01:00:51.148Z","last_downloaded_at":"2026-09-10T01:00:51.148Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480203","source_sha256":"e4cee1e758306a6dea50223a3fbeccc62f6bed80ffccf2ad9593c1373656153e"}},{"citation":"715-60-60-2","para":"60-2","html":"<div class=\"asc-body\"><div class=\"norm-text\"> <span class=\"sfragment\" id=\"sfr_C3F2A5ED-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">For guidance on plans to terminate certain employees if a business combination is probable, see paragraphs <div class=\"xref-range displayInline\"><a href=\"/asc/805/20/#805-20-55-50\" class=\"xref\">805-20-55-50 through 55-51</a></div>. </span></span> </div> </div>","snippet":"For guidance on plans to terminate certain employees if a business combination is probable, see paragraphs 805-20-55-50 through 55-51.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ef915e7f106ba2396101d48c27127c506c429977df4c5ab7e4f37a02bc103a7b","downloaded_from":"2026-09-10T01:00:51.148Z","last_downloaded_at":"2026-09-10T01:00:51.148Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480203","source_sha256":"e4cee1e758306a6dea50223a3fbeccc62f6bed80ffccf2ad9593c1373656153e"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c6ce9cd1ecc8329aac7251be592eb985a8324342737d8b0f7269b2c6d95b6922","downloaded_from":"2026-09-10T01:00:51.148Z","last_downloaded_at":"2026-09-10T01:00:51.148Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480203","source_sha256":"e4cee1e758306a6dea50223a3fbeccc62f6bed80ffccf2ad9593c1373656153e"}},{"block":null,"heading":"Consolidation","paragraphs":[{"citation":"715-60-60-3","para":"60-3","html":"<div class=\"asc-body\"><div class=\"norm-text\"> <span class=\"sfragment\" id=\"sfr_C3F2A71B-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">For consolidation guidance on employee benefit plans, see paragraph <a href=\"/asc/810/10/#810-10-15-12\" class=\"xref\">810-10-15-12</a>. </span></span> </div> </div>","snippet":"For consolidation guidance on employee benefit plans, see paragraph 810-10-15-12.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:41e7b3348f4487c7b106a02841cae251f27ba7c2168cbbbbe55805e4fab88f73","downloaded_from":"2026-09-10T01:00:51.148Z","last_downloaded_at":"2026-09-10T01:00:51.148Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480203","source_sha256":"e4cee1e758306a6dea50223a3fbeccc62f6bed80ffccf2ad9593c1373656153e"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:aa30f4969bb84703a2845016546d11dcf4a0f35a5d4c0880d223d5f6704d0a24","downloaded_from":"2026-09-10T01:00:51.148Z","last_downloaded_at":"2026-09-10T01:00:51.148Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480203","source_sha256":"e4cee1e758306a6dea50223a3fbeccc62f6bed80ffccf2ad9593c1373656153e"}},{"block":null,"heading":"Extractive Activities—Mining","paragraphs":[{"citation":"715-60-60-4","para":"60-4","html":"<div class=\"asc-body\"><div class=\"norm-text\"> <span class=\"sfragment\" id=\"sfr_C3F2A819-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">For guidance on the United Mine Workers of America Combined Benefit Fund, see Subtopic <a altsource=\"GUID-4C3F806C-4C8F-492C-9F7D-42038EB04F1A.ditamap\" class=\"ditamap\">930-715</a>. </span></span> </div> </div>","snippet":"For guidance on the United Mine Workers of America Combined Benefit Fund, see Subtopic 930-715.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2a959c35e90b5100b6b728b36f7c874f4ad61b3e73c890f9b5317c97824287ce","downloaded_from":"2026-09-10T01:00:51.148Z","last_downloaded_at":"2026-09-10T01:00:51.148Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480203","source_sha256":"e4cee1e758306a6dea50223a3fbeccc62f6bed80ffccf2ad9593c1373656153e"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:19c71abd26fbd5243825a2128a1165fc70b424cf15cb057bd374b58517d5b963","downloaded_from":"2026-09-10T01:00:51.148Z","last_downloaded_at":"2026-09-10T01:00:51.148Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480203","source_sha256":"e4cee1e758306a6dea50223a3fbeccc62f6bed80ffccf2ad9593c1373656153e"}},{"block":null,"heading":"Regulated Operations","paragraphs":[{"citation":"715-60-60-5","para":"60-5","html":"<div class=\"asc-body\"><div class=\"norm-text\"> <span class=\"sfragment\" id=\"sfr_C3F2A8F2-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">For guidance on rate-regulated entities, and the actions of regulators that may change the timing of recognition of <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>, see Subtopic <a altsource=\"GUID-F21D7C48-28B3-4848-A14F-950F68F4978C.ditamap\" class=\"ditamap\">980-715</a>. </span></span> </div> </div>","snippet":"For guidance on rate-regulated entities, and the actions of regulators that may change the timing of recognition of net periodic postretirement benefit cost, see Subtopic 980-715.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3cff79880e7f7f85178cdfd32d1de8baa57ebed3817014c73c2a607d3cb1d71a","downloaded_from":"2026-09-10T01:00:51.148Z","last_downloaded_at":"2026-09-10T01:00:51.148Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480203","source_sha256":"e4cee1e758306a6dea50223a3fbeccc62f6bed80ffccf2ad9593c1373656153e"}},{"citation":"715-60-60-6","para":"60-6","html":"<div class=\"asc-body\"><div class=\"norm-text\"> <span class=\"sfragment\" id=\"sfr_C3F2A9CD-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">For guidance on a continuing other postretirement <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> of a rate-regulated entity, see Subtopic <a altsource=\"GUID-F21D7C48-28B3-4848-A14F-950F68F4978C.ditamap\" class=\"ditamap\">980-715</a>. </span></span> </div> </div>","snippet":"For guidance on a continuing other postretirement plan of a rate-regulated entity, see Subtopic 980-715.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:69ab56d22349b7e9e3e7fb25297585615589731622ff3b0b50b52dbc4cab1163","downloaded_from":"2026-09-10T01:00:51.148Z","last_downloaded_at":"2026-09-10T01:00:51.148Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480203","source_sha256":"e4cee1e758306a6dea50223a3fbeccc62f6bed80ffccf2ad9593c1373656153e"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ae0e956ec36688eac3f1463256d671ecfb6bef7e1b0d9960def237539ac063c2","downloaded_from":"2026-09-10T01:00:51.148Z","last_downloaded_at":"2026-09-10T01:00:51.148Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480203","source_sha256":"e4cee1e758306a6dea50223a3fbeccc62f6bed80ffccf2ad9593c1373656153e"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:535118db42c7f0ef6ced01acf748ecec59d4d067d274977eec162598021548fc","downloaded_from":"2026-09-10T01:00:51.148Z","last_downloaded_at":"2026-09-10T01:00:51.148Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480203","source_sha256":"e4cee1e758306a6dea50223a3fbeccc62f6bed80ffccf2ad9593c1373656153e"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:535118db42c7f0ef6ced01acf748ecec59d4d067d274977eec162598021548fc","downloaded_from":"2026-09-10T01:00:51.148Z","last_downloaded_at":"2026-09-10T01:00:51.148Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480203","source_sha256":"e4cee1e758306a6dea50223a3fbeccc62f6bed80ffccf2ad9593c1373656153e"}}