# ASC 715-930: Compensation—Retirement Benefits — Extractive Activities—Mining Source: FASB Accounting Standards Codification, Basic View [Read online](https://asc.understandingaccounting.org/asc/715/930/) 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): 2026-09-10T01:02:03.426Z to 2026-09-10T01:02:21.382Z Record version: sha256:aca4e8c74759578599a21f60d8b851d8509486fe68931df2de34bb9f6feb10d6 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 715-930: Compensation—Retirement Benefits — Extractive Activities—Mining ### Machine-generated study aids ```json { "summary": "ASC 715-930 governs how coal industry entities account for postretirement medical and death benefit obligations imposed by the Coal Industry Retiree Health Benefit Act of 1992, which assigns beneficiaries (and a share of \"orphan\" beneficiaries) of the UMWA Combined Benefit Fund to former signatories of coal wage agreements. Entities still operating in the coal industry may elect to account for the obligation either as participation in a multiemployer plan or as a liability imposed by the Act; entities electing liability treatment, and all entities no longer operating in the coal industry, must recognize the entire obligation as a loss under Subtopic 450-20 (715-930-25-1). Losses so recognized are presented as an unusual or infrequently occurring item, and the impact of the Act must be disclosed.", "key_points": [ "The Subtopic applies only to entities with operations in the coal industry that have a multiemployer pension obligation affected by the Coal Industry Retiree Health Benefit Act of 1992 (715-930-15-2).", "The Act created the UMWA Combined Benefit Fund, a multiemployer plan paying medical and death benefits to beneficiaries receiving benefits as of July 20, 1992, funded by former signatories to a coal wage agreement (715-930-05-2).", "An entity's annual cost equals the per-beneficiary premium times its assigned beneficiaries plus an allocated percentage of unassigned 'orphan' beneficiaries (715-930-05-2).", "Entities currently operating in the coal industry may elect to account for the Act obligation either as participation in a multiemployer plan or as a liability imposed by the Act (715-930-25-1).", "Entities electing liability treatment, and entities no longer operating in the coal industry, must record the entire obligation as a loss under Subtopic 450-20 (715-930-25-1).", "A loss recognized under Subtopic 450-20 is reported as an unusual or infrequently occurring item (715-930-45-1).", "An entity must disclose the impact of the Act, including the estimated total obligation and the accounting method adopted (715-930-50-1)." ], "categories": [ "Compensation and benefits", "Recognition", "Presentation", "Industry-specific" ], "audience_level": "advanced", "student_note": "This is a narrow, industry-specific rule, but it is a clean illustration of a permitted accounting policy choice: ongoing coal operators may use multiemployer plan accounting (expense as assessed), while exited operators must book the whole statutory obligation at once as a 450-20 loss. The common mistake is assuming all affected entities get the election—entities no longer in the coal industry do not.", "related_topics": [ "450-20", "715-60", "715-80", "930-715", "715-30" ], "key_concepts": [ "coal industry retiree health benefit act", "umwa combined benefit fund", "multiemployer plan", "postretirement health benefits", "assigned and orphan beneficiaries", "loss contingency", "unusual or infrequently occurring item", "accounting policy election" ] } ``` Source downloaded (UTC): 2026-09-10T01:02:03.426Z to 2026-09-10T01:02:03.426Z Record version: sha256:609f501968cc547ffe3427f969c08bbcbe422fa8b6f692e49b5479cf3edf7ae3 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 715-930-00: 00 Status [Read section](https://asc.understandingaccounting.org/asc/715/930/#00-status) SEC content: no ##### [715-930-00-1](https://asc.understandingaccounting.org/asc/715/930/#715-930-00-1) Pending content: no Source downloaded (UTC): 2026-09-10T01:02:03.426Z to 2026-09-10T01:02:03.426Z Record version: sha256:16496e70ba1777d3802a58d2b56beef1504c248857acce43de99c9a9070ede01 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The following table identifies the changes made to this Subtopic.
ParagraphActionAccounting Standards UpdateDate
930-715-45-1AmendedAccounting Standards Update No. 2015-0101/09/2015
Source downloaded (UTC): 2026-09-10T01:02:05.051Z to 2026-09-10T01:02:05.051Z Record version: sha256:e516a8a64c7815b1f25b45f63b61e289ab352bc3a53161eba3e4411fe643ffd4 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 715-930-05: 05 Overview and Background [Read section](https://asc.understandingaccounting.org/asc/715/930/#05-overview-and-background) SEC content: no ##### [715-930-05-1](https://asc.understandingaccounting.org/asc/715/930/#715-930-05-1) Pending content: no Source downloaded (UTC): 2026-09-10T01:02:05.051Z to 2026-09-10T01:02:05.051Z Record version: sha256:07d95954938f0c831529667320fd89ecd84bb6cc54b89467cbe99452729d8bee Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. This Subtopic addresses the accounting and reporting for postretirement health benefits for entities in the coal industry affected by the Coal Industry Retiree Health Benefit Act of 1992. ##### [715-930-05-2](https://asc.understandingaccounting.org/asc/715/930/#715-930-05-2) Pending content: no Source downloaded (UTC): 2026-09-10T01:02:05.051Z to 2026-09-10T01:02:05.051Z Record version: sha256:d1915a1fb157f62d63041c714b9bbc208fcaa5c378f00ddf60d9b6bd39cf8a75 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Current and projected operating deficits of certain benefit trusts established by the United Mine Workers of America and the Bituminous Coal Operators' Association, Inc. prompted the Coal Industry Retiree Health Benefit Act of 1992 (the Act). The Act creates a new multiemployer benefit plan called the United Mine Workers of America Combined Benefit Fund (the Combined Fund), which will provide medical and death benefits to all beneficiaries of certain earlier trusts who were actually receiving benefits as of July 20, 1992. In 1993, the Combined Fund began paying those beneficiaries their medical and death benefits. The Act provides for the assignment of beneficiaries to former employers and the allocation of any unassigned beneficiaries (referred to as orphans) to entities using a formula included in the legislation. The Act requires that responsibility for funding those payments be assigned to entities (or persons related to the entities) that had been signatories to a coal wage agreement. Under the act an entity's annual cost of benefits is based on the number of beneficiaries assigned to it plus a percentage of the cost of unassigned beneficiaries, which is a function of the number of orphans times the per-beneficiary premium. Source downloaded (UTC): 2026-09-10T01:02:08.906Z to 2026-09-10T01:02:08.906Z Record version: sha256:3f9950c3d285c74b793cee6cd60310d424c60e916ac5072aca849f9206ba2531 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 715-930-15: 15 Scope and Scope Exceptions [Read section](https://asc.understandingaccounting.org/asc/715/930/#15-scope-and-scope-exceptions) SEC content: no #### Overall Guidance ##### [715-930-15-1](https://asc.understandingaccounting.org/asc/715/930/#715-930-15-1) Pending content: no Source downloaded (UTC): 2026-09-10T01:02:08.906Z to 2026-09-10T01:02:08.906Z Record version: sha256:127d8da9046015528d6f8e717080a6ff8f1cc767cb94820adedb8f31ab861d0e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. This Subtopic follows the same Scope and Scope Exceptions as outlined in the Overall Subtopic, see Section 930-10-15, with specific entity qualifications noted below. #### Entities ##### [715-930-15-2](https://asc.understandingaccounting.org/asc/715/930/#715-930-15-2) Pending content: no Source downloaded (UTC): 2026-09-10T01:02:08.906Z to 2026-09-10T01:02:08.906Z Record version: sha256:65dab3ed233024e63f0ab1266d4e56f718e1157e2d7d731aa5ef6c868f9b230a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. This Subtopic only applies to entities with operations in the coal industry with a multiemployer pension obligation. Source downloaded (UTC): 2026-09-10T01:02:12.184Z to 2026-09-10T01:02:12.184Z Record version: sha256:3130d9b900eed6b1e2f903d9f4c272529c846fee042317f5b44649d02e997c2a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 715-930-25: 25 Recognition [Read section](https://asc.understandingaccounting.org/asc/715/930/#25-recognition) SEC content: no ##### [715-930-25-1](https://asc.understandingaccounting.org/asc/715/930/#715-930-25-1) Pending content: no Source downloaded (UTC): 2026-09-10T01:02:12.184Z to 2026-09-10T01:02:12.184Z Record version: sha256:dbaa522a28be04fd5520d01862f43a3488099866fb2262d4c27638ebf671a43c Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Entities that currently have operations in the coal industry shall account for their obligation under the Act (as defined in Section 930-715-05) either as participation in a multiemployer plan or a liability imposed by the Act. Entities that currently have operations in the coal industry that decide to account for their obligation as a liability and entities that no longer have operations in the coal industry shall account for their entire obligation under the Act as a loss in accordance with Subtopic 450-20. Source downloaded (UTC): 2026-09-10T01:02:14.843Z to 2026-09-10T01:02:14.843Z Record version: sha256:9492cca6ce55f3da2882fdafbfba41574c65f3bc921df66e5136f5b70ad8d99c Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 715-930-45: 45 Other Presentation Matters [Read section](https://asc.understandingaccounting.org/asc/715/930/#45-other-presentation-matters) SEC content: no ##### [715-930-45-1](https://asc.understandingaccounting.org/asc/715/930/#715-930-45-1) Pending content: no Source downloaded (UTC): 2026-09-10T01:02:14.843Z to 2026-09-10T01:02:14.843Z Record version: sha256:d39dba4d4d41fb4f5b5797337e991ae2f444750130e6a463630e23839ae3905e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. If an entity accounts for its obligation under the Act as a loss (see paragraph [930-715-25-1](https://asc.understandingaccounting.org/asc/715/930/#715-930-25-1)) in accordance with Subtopic 450-20, the estimated loss should be reported as an unusual or infrequently occurring item. Source downloaded (UTC): 2026-09-10T01:02:18.613Z to 2026-09-10T01:02:18.613Z Record version: sha256:3de1b5fb5c6fae10eb468a68cd491fdd83d36606d718840de7d955bb1e3e6fa9 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 715-930-50: 50 Disclosure [Read section](https://asc.understandingaccounting.org/asc/715/930/#50-disclosure) SEC content: no ##### [715-930-50-1](https://asc.understandingaccounting.org/asc/715/930/#715-930-50-1) Pending content: no Source downloaded (UTC): 2026-09-10T01:02:18.613Z to 2026-09-10T01:02:18.613Z Record version: sha256:b6513eb418023403a764c8fb15958c597eb4d9dba13bedfa5e8b10718a571f25 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. An entity shall disclose the impact of the Act, including the estimated amount of its total obligation and the method of accounting adopted.