# ASC 715-60-60: Compensation—Retirement Benefits — Defined Benefit Plans—Other Postretirement — 60 Relationships Source: FASB Accounting Standards Codification, Basic View [Read online](https://asc.understandingaccounting.org/asc/715/60/#60-relationships) 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): 2026-09-10T01:00:51.148Z to 2026-09-10T01:00:51.148Z Record version: sha256:535118db42c7f0ef6ced01acf748ecec59d4d067d274977eec162598021548fc Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 715-60-60: 60 Relationships [Read section](https://asc.understandingaccounting.org/asc/715/60/#60-relationships) SEC content: no #### Business Combinations ##### [715-60-60-1](https://asc.understandingaccounting.org/asc/715/60/#715-60-60-1) Pending content: no Source downloaded (UTC): 2026-09-10T01:00:51.148Z to 2026-09-10T01:00:51.148Z Record version: sha256:7dd8d053fecb132f1d7663d06b2e4e3aa8757576b79e5ae6ee3b5edcc0f849d5 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. 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](https://asc.understandingaccounting.org/glossary/d/#defined-benefit-plan "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.)"), see paragraph [805-20-25-25](https://asc.understandingaccounting.org/asc/805/20/#805-20-25-25). ##### [715-60-60-2](https://asc.understandingaccounting.org/asc/715/60/#715-60-60-2) Pending content: no Source downloaded (UTC): 2026-09-10T01:00:51.148Z to 2026-09-10T01:00:51.148Z Record version: sha256:ef915e7f106ba2396101d48c27127c506c429977df4c5ab7e4f37a02bc103a7b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. For guidance on plans to terminate certain employees if a business combination is probable, see paragraphs [805-20-55-50 through 55-51](https://asc.understandingaccounting.org/asc/805/20/#805-20-55-50) . #### Consolidation ##### [715-60-60-3](https://asc.understandingaccounting.org/asc/715/60/#715-60-60-3) Pending content: no Source downloaded (UTC): 2026-09-10T01:00:51.148Z to 2026-09-10T01:00:51.148Z Record version: sha256:41e7b3348f4487c7b106a02841cae251f27ba7c2168cbbbbe55805e4fab88f73 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. For consolidation guidance on employee benefit plans, see paragraph [810-10-15-12](https://asc.understandingaccounting.org/asc/810/10/#810-10-15-12). #### Extractive Activities—Mining ##### [715-60-60-4](https://asc.understandingaccounting.org/asc/715/60/#715-60-60-4) Pending content: no Source downloaded (UTC): 2026-09-10T01:00:51.148Z to 2026-09-10T01:00:51.148Z Record version: sha256:2a959c35e90b5100b6b728b36f7c874f4ad61b3e73c890f9b5317c97824287ce Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. For guidance on the United Mine Workers of America Combined Benefit Fund, see Subtopic 930-715. #### Regulated Operations ##### [715-60-60-5](https://asc.understandingaccounting.org/asc/715/60/#715-60-60-5) Pending content: no Source downloaded (UTC): 2026-09-10T01:00:51.148Z to 2026-09-10T01:00:51.148Z Record version: sha256:3cff79880e7f7f85178cdfd32d1de8baa57ebed3817014c73c2a607d3cb1d71a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. For guidance on rate-regulated entities, and the actions of regulators that may change the timing of recognition of [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."), see Subtopic 980-715. ##### [715-60-60-6](https://asc.understandingaccounting.org/asc/715/60/#715-60-60-6) Pending content: no Source downloaded (UTC): 2026-09-10T01:00:51.148Z to 2026-09-10T01:00:51.148Z Record version: sha256:69ab56d22349b7e9e3e7fb25297585615589731622ff3b0b50b52dbc4cab1163 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. For guidance on a continuing other postretirement [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.") of a rate-regulated entity, see Subtopic 980-715.