{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/715/","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.","number":"715","title":"Compensation—Retirement Benefits","area":"Expenses","group":"71X Compensation","subtopics":[{"number":"715-10","topic":"715","title":"Overall","area":"Expenses","paragraphs":21,"summary":"ASC 715-10 is the Overall subtopic that sets the objectives and pervasive scope for employer accounting for pension, other postretirement, and certain special or contractual termination benefits. Its core premise is that a benefit plan is an exchange of deferred compensation for employee service, so the employer's obligation is incurred as services are rendered and cost is recognized over the employee service periods. Because the original content was built on an expense recognition model, most operative guidance sits in the Subsequent Measurement Sections of Subtopics 715-20, 715-30, 715-60, 715-70, and 715-80.","concepts":["deferred compensation exchange","net periodic pension cost","net periodic other postretirement benefit cost","benefit plan scope","unwritten plan","settlement and curtailment","expense recognition model","funded status"],"categories":["Compensation and benefits","Recognition","Subsequent measurement","Disclosure"],"level":"introductory","topic_title":"Compensation—Retirement Benefits","sections":[{"number":"00","label":"00 Status","anchor":"00-status","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"715-10-00-1","para":"00-1","html":"
The following table identifies the changes made to this Subtopic.
ParagraphActionAccounting Standards UpdateDate
715-10-05-2AmendedAccounting Standards Update No. 2017-0703/10/2017
715-10-05-4SupersededAccounting Standards Update No. 2017-0703/10/2017
715-10-05-8SupersededAccounting Standards Update No. 2017-0703/10/2017
715-10-05-10SupersededAccounting Standards Update No. 2017-0703/10/2017
715-10-15-8AmendedAccounting Standards Update No. 2009-0207/01/2009
715-10-65-1AddedAccounting Standards Update No. 2015-0404/15/2015
","snippet":"The following table identifies the changes made to this Subtopic.\nParagraph | Action | Accounting Standards Update | Date |\n| | | |\n715-10-05-2 | Amended | Accounting Standards Update No. 2017-07 | 03/10/2017 |\n715-10-05…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a08727401b6c16714a340d162390f3b1b03a4e9af365886d8070bb041a087cae","downloaded_from":"2026-09-10T00:58:45.119Z","last_downloaded_at":"2026-09-10T00:58:45.119Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480834","source_sha256":"b3ee7e8ef302544ec3ce62ac20944ef2487e24554cf94edc4cd1c3a767365ad7"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ce2fe497c661ba5f074de53652664026197fc12688544acfd951787094873cac","downloaded_from":"2026-09-10T00:58:45.119Z","last_downloaded_at":"2026-09-10T00:58:45.119Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480834","source_sha256":"b3ee7e8ef302544ec3ce62ac20944ef2487e24554cf94edc4cd1c3a767365ad7"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:cf3cd782844e6e3f94783334487a840578f4de313c7a2384c85ea6f4e422ec0e","downloaded_from":"2026-09-10T00:58:45.119Z","last_downloaded_at":"2026-09-10T00:58:45.119Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480834","source_sha256":"b3ee7e8ef302544ec3ce62ac20944ef2487e24554cf94edc4cd1c3a767365ad7"}},{"number":"05","label":"05 Overview and Background","anchor":"05-overview-and-background","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"715-10-05-1","para":"05-1","html":"
The Compensation—Retirement Benefits Topic establishes standards of financial accounting and reporting for an employer that offers pension, other postretirement, and certain special or contractual termination benefits to its employees.
","snippet":"The Compensation—Retirement Benefits Topic establishes standards of financial accounting and reporting for an employer that offers pension, other postretirement, and certain special or contractual termination benefits to…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2fcd9e7ecd30644657395d8e034a9f9d98003a82a5440a38e37d0a2384dfee65","downloaded_from":"2026-09-10T00:58:48.766Z","last_downloaded_at":"2026-09-10T00:58:48.766Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480804","source_sha256":"43c9a527751b35284bc1e18839333c4bb82a4976c162f193a32637adff78bb20"}},{"citation":"715-10-05-2","para":"05-2","html":"
This Topic contains the following Subtopics:
  1. a
    Overall (Subtopic 715-10)
  2. b
    Defined Benefit Plans—General (Subtopic 715-20)
  3. c
    Defined Benefit Plans—Pension (Subtopic 715-30)
  4. cc
    Defined Benefit Plans—Other Postretirement (Subtopic 715-60) 
  5. d
    Defined Contribution Plans (Subtopic 715-70) 
  6. e
    Multiemployer Plans (Subtopic 715-80) 
  7. f
    Subparagraph superseded by Accounting Standards Update No. 2017-07.
","snippet":"This Topic contains the following Subtopics:\n(a) Overall (Subtopic 715-10)\n(b) Defined Benefit Plans—General (Subtopic 715-20)\n(c) Defined Benefit Plans—Pension (Subtopic 715-30)\n(cc) Defined Benefit Plans—Other Postreti…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1ba23c50d22a1c5f1e11416658eedc43ee8670beaeb2bae59bc95c5fd02dd38a","downloaded_from":"2026-09-10T00:58:48.766Z","last_downloaded_at":"2026-09-10T00:58:48.766Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480804","source_sha256":"43c9a527751b35284bc1e18839333c4bb82a4976c162f193a32637adff78bb20"}},{"citation":"715-10-05-3","para":"05-3","html":"
Throughout the Codification, content is structured and authored using an asset and liability model as its underlying premise. However, the original content used to populate this Topic was based on an expense recognition model rather than an asset and liability model. Because the expense recognition model focuses primarily on remeasurement, the majority of the guidance throughout this Topic is contained in the Subsequent Measurement Sections of the applicable Subtopics.
","snippet":"Throughout the Codification, content is structured and authored using an asset and liability model as its underlying premise. However, the original content used to populate this Topic was based on an expense recognition …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ce9087dedffbc26f0f516c98a0457d95fed797d5140c55d72d997cdd8bde99c1","downloaded_from":"2026-09-10T00:58:48.766Z","last_downloaded_at":"2026-09-10T00:58:48.766Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480804","source_sha256":"43c9a527751b35284bc1e18839333c4bb82a4976c162f193a32637adff78bb20"}},{"citation":"715-10-05-4","para":"05-4","html":"
Paragraph superseded by Accounting Standards Update No. 2017-07.
","snippet":"Paragraph superseded by Accounting Standards Update No. 2017-07.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9ae05df5f4baf48ec2761f914c97d8a5b09648fe0d07d811216dca2a4f19d379","downloaded_from":"2026-09-10T00:58:48.766Z","last_downloaded_at":"2026-09-10T00:58:48.766Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480804","source_sha256":"43c9a527751b35284bc1e18839333c4bb82a4976c162f193a32637adff78bb20"}},{"citation":"715-10-05-5","para":"05-5","html":"
Paragraph not used.
","snippet":"Paragraph not used.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:fb638dabb6edf82aff8f25ca47bcfb88eeedf36788ea50f23fe5e77c8c9ac35d","downloaded_from":"2026-09-10T00:58:48.766Z","last_downloaded_at":"2026-09-10T00:58:48.766Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480804","source_sha256":"43c9a527751b35284bc1e18839333c4bb82a4976c162f193a32637adff78bb20"}},{"citation":"715-10-05-6","para":"05-6","html":"
The guidance in this Topic is derived from the basic idea that a benefit plan is an exchange between the employer and the employee. In exchange for services provided by the employee, the employer promises to provide, in addition to current wages and other benefits, an amount of retirement income or benefit. It follows from that basic view that benefits are not gratuities but instead are part of an employee's compensation, and because payment is deferred, the benefit plan is a type of deferred compensation. It also follows that the employer's obligation for that compensation is incurred when the services are rendered.
","snippet":"The guidance in this Topic is derived from the basic idea that a benefit plan is an exchange between the employer and the employee. In exchange for services provided by the employee, the employer promises to provide, in …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:344b6b81b3fa966db50ea4ec3e689e282058dfa32e5d4936a9d0c69a811982a9","downloaded_from":"2026-09-10T00:58:48.766Z","last_downloaded_at":"2026-09-10T00:58:48.766Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480804","source_sha256":"43c9a527751b35284bc1e18839333c4bb82a4976c162f193a32637adff78bb20"}},{"citation":"715-10-05-7","para":"05-7","html":"
A benefit plan is an arrangement that is mutually understood by an employer and its employees, whereby an employer undertakes to provide its current and former employees with benefits after they retire in exchange for the employees' services over a specified period of time, upon attaining a specified age while in service, or both. Benefits may commence immediately upon termination of service or may be deferred until retired employees attain a specified age.
","snippet":"A benefit plan is an arrangement that is mutually understood by an employer and its employees, whereby an employer undertakes to provide its current and former employees with benefits after they retire in exchange for th…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:eefb142099853f02c7c40f3930a2111754d7d1baf7b07c78cf4ee01bb55e6899","downloaded_from":"2026-09-10T00:58:48.766Z","last_downloaded_at":"2026-09-10T00:58:48.766Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480804","source_sha256":"43c9a527751b35284bc1e18839333c4bb82a4976c162f193a32637adff78bb20"}},{"citation":"715-10-05-8","para":"05-8","html":"
Paragraph superseded by Accounting Standards Update No. 2017-07.
","snippet":"Paragraph superseded by Accounting Standards Update No. 2017-07.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2c115a3833d5a8086b6b1854f2c315d80cafbd0b0e28e792d6e39cbff0ccf6aa","downloaded_from":"2026-09-10T00:58:48.766Z","last_downloaded_at":"2026-09-10T00:58:48.766Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480804","source_sha256":"43c9a527751b35284bc1e18839333c4bb82a4976c162f193a32637adff78bb20"}},{"citation":"715-10-05-9","para":"05-9","html":"
Because the obligation to provide benefits arises as employees render the services necessary to earn the benefits pursuant to the terms of the plan, this Topic provides guidance regarding when the cost of providing the benefits should be recognized over those employee service periods.
","snippet":"Because the obligation to provide benefits arises as employees render the services necessary to earn the benefits pursuant to the terms of the plan, this Topic provides guidance regarding when the cost of providing the b…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1b4cd47ab17d37107717eb54217b96e5c17aafdc9f5bbf406c2aaf545158976c","downloaded_from":"2026-09-10T00:58:48.766Z","last_downloaded_at":"2026-09-10T00:58:48.766Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480804","source_sha256":"43c9a527751b35284bc1e18839333c4bb82a4976c162f193a32637adff78bb20"}},{"citation":"715-10-05-10","para":"05-10","html":"
Paragraph superseded by Accounting Standards Update No. 2017-07.
","snippet":"Paragraph superseded by Accounting Standards Update No. 2017-07.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:30ff17ffe2dfcc36bf27cf71bf1e1124c02430eb4810b62199a43ef28048f688","downloaded_from":"2026-09-10T00:58:48.766Z","last_downloaded_at":"2026-09-10T00:58:48.766Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480804","source_sha256":"43c9a527751b35284bc1e18839333c4bb82a4976c162f193a32637adff78bb20"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:beabea6cd677d855898ff28bfbdecc536db59c8dfa2d42e28cb9f19347f884af","downloaded_from":"2026-09-10T00:58:48.766Z","last_downloaded_at":"2026-09-10T00:58:48.766Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480804","source_sha256":"43c9a527751b35284bc1e18839333c4bb82a4976c162f193a32637adff78bb20"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b045d6e94f8be78c07643cfd076648c4ef4b477249952386a94da50138f9d6b1","downloaded_from":"2026-09-10T00:58:48.766Z","last_downloaded_at":"2026-09-10T00:58:48.766Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480804","source_sha256":"43c9a527751b35284bc1e18839333c4bb82a4976c162f193a32637adff78bb20"}},{"number":"10","label":"10 Objectives","anchor":"10-objectives","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"715-10-10-1","para":"10-1","html":"
The objectives of this Topic are as follows:
  1. a
    To enhance the relevance and representational faithfulness of the employer's reported results of operations by recognizing net periodic pension cost and net periodic other postretirement benefit cost as employees render the services necessary to earn their pension and other postretirement benefits
  2. b
    To enhance the relevance and representational faithfulness of the employer's statement of financial position by including a measure of the obligation to provide pension and other postretirement benefits based on a mutual understanding between the employer and its employees of the terms of the underlying plan
  3. c
    To enhance the ability of users of the employer's financial statements to understand the extent and effects of the employer's undertaking to provide pension and other postretirement benefits to its employees by disclosing relevant information about the obligation and cost of the pension and other postretirement benefit plans and how those amounts are measured
  4. d
    To improve the understandability and comparability of amounts reported by requiring employers with similar plans to use the same method to measure their pension and other postretirement benefit obligations and the related costs of the postretirement benefits.
","snippet":"The objectives of this Topic are as follows:\n(a) To enhance the relevance and representational faithfulness of the employer's reported results of operations by recognizing net periodic pension cost and net periodic other…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:74c8ef1a36fbbdd10ac2660205515a0fc4e9e7b31ed2801f916b837475f75058","downloaded_from":"2026-09-10T00:58:51.957Z","last_downloaded_at":"2026-09-10T00:58:51.957Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480773","source_sha256":"8acf333aadd0f2b9dea638df6c50a08fb3eec33b0bc8454f106a9fd4fafa6b18"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b6f33ae3a83b9864657f96f714265cd76e116fbbdcf3b66909166c7001149701","downloaded_from":"2026-09-10T00:58:51.957Z","last_downloaded_at":"2026-09-10T00:58:51.957Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480773","source_sha256":"8acf333aadd0f2b9dea638df6c50a08fb3eec33b0bc8454f106a9fd4fafa6b18"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:43a1d08d0f26441f54a585599128e65c16f625a8d9bf0386c0fa838c321f5921","downloaded_from":"2026-09-10T00:58:51.957Z","last_downloaded_at":"2026-09-10T00:58:51.957Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480773","source_sha256":"8acf333aadd0f2b9dea638df6c50a08fb3eec33b0bc8454f106a9fd4fafa6b18"}},{"number":"15","label":"15 Scope and Scope Exceptions","anchor":"15-scope-and-scope-exceptions","is_sec":false,"groups":[{"block":null,"heading":"Overall Guidance","paragraphs":[{"citation":"715-10-15-1","para":"15-1","html":"
The Scope Section of the Overall Subtopic establishes the pervasive scope for all Subtopics of the Compensation—Retirement Benefits Topic. Unless explicitly addressed within specific Subtopics, the following scope guidance applies to all Subtopics of the Compensation—Retirement Benefits Topic.
","snippet":"The Scope Section of the Overall Subtopic establishes the pervasive scope for all Subtopics of the Compensation—Retirement Benefits Topic. Unless explicitly addressed within specific Subtopics, the following scope guidan…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c576e5f5c8ab6a6c4353a55ef885f4a83a7bda5ad415a66f89bbc7ad8a9688e7","downloaded_from":"2026-09-10T00:58:55.606Z","last_downloaded_at":"2026-09-10T00:58:55.606Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480740","source_sha256":"81b4f0e7f31493c6ff3d2ece988fae41f1c1fcaeaa288b7478fae64a2650d98a"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:608ed11cc493991faf5ddd381e7cce8c45ef8a02e6c7da0064e02ebf6b277461","downloaded_from":"2026-09-10T00:58:55.606Z","last_downloaded_at":"2026-09-10T00:58:55.606Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480740","source_sha256":"81b4f0e7f31493c6ff3d2ece988fae41f1c1fcaeaa288b7478fae64a2650d98a"}},{"block":null,"heading":"Entities","paragraphs":[{"citation":"715-10-15-2","para":"15-2","html":"
The guidance in the Compensation—Retirement Benefits Topic applies to all employers, including not-for-profit entities (NFPs), that offer pension or other postretirement benefits to their employees, regardless of whether the benefit obligation is funded. NFPs should refer to Subtopic 958-715 when applying the provisions of this Topic.
","snippet":"The guidance in the Compensation—Retirement Benefits Topic applies to all employers, including not-for-profit entities (NFPs), that offer pension or other postretirement benefits to their employees, regardless of whether…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ae550a86b3ffb64c58ebd7a941b52ce392b8cf5b9dd21b9b35a06a13e3cb6774","downloaded_from":"2026-09-10T00:58:55.606Z","last_downloaded_at":"2026-09-10T00:58:55.606Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480740","source_sha256":"81b4f0e7f31493c6ff3d2ece988fae41f1c1fcaeaa288b7478fae64a2650d98a"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0f7ab8cdaaf6d2a456c6b26bb08a742c2f37931c93ae28cde46fc6688d90a12e","downloaded_from":"2026-09-10T00:58:55.606Z","last_downloaded_at":"2026-09-10T00:58:55.606Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480740","source_sha256":"81b4f0e7f31493c6ff3d2ece988fae41f1c1fcaeaa288b7478fae64a2650d98a"}},{"block":null,"heading":"Transactions","paragraphs":[{"citation":"715-10-15-3","para":"15-3","html":"
The guidance in the Compensation—Retirement Benefits Topic applies to the following types of benefit arrangements:
  1. a
    Any arrangement that is in substance a pension or other postretirement benefit plan, regardless of its form or the means or timing of its funding
  2. b
    Written plans and unwritten plans whose existence is discernible either from a practice of paying pension or other postretirement benefits or from oral representations made to current or former employees
  3. c
    Deferred compensation contracts with individual employees if those contracts, taken together, are equivalent to a plan that provides pension or other postretirement benefits
  4. d
    Health and other welfare benefits expected to be provided to employees deemed to be on a disability retirement.
","snippet":"The guidance in the Compensation—Retirement Benefits Topic applies to the following types of benefit arrangements:\n(a) Any arrangement that is in substance a pension or other postretirement benefit plan, regardless of it…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:78e190aab00e6bd2e6d4d8e290180035a48b98ad0979cd5063498c4e7d5c35e3","downloaded_from":"2026-09-10T00:58:55.606Z","last_downloaded_at":"2026-09-10T00:58:55.606Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480740","source_sha256":"81b4f0e7f31493c6ff3d2ece988fae41f1c1fcaeaa288b7478fae64a2650d98a"}},{"citation":"715-10-15-4","para":"15-4","html":"
The guidance in this Topic also applies to settlement of all or a part of an employer's pension or other postretirement benefit obligation or curtailment of a pension or other postretirement benefit plan. The guidance applies to employers that provide pension or other postretirement benefits as part of a special termination benefit or special or contractual termination benefits not otherwise addressed in other Subtopics (for example, benefits paid at or before retirement and not paid out of a pension or other postretirement plan).
","snippet":"The guidance in this Topic also applies to settlement of all or a part of an employer's pension or other postretirement benefit obligation or curtailment of a pension or other postretirement benefit plan. The guidance ap…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:59c2eb28384c5c98cc64e529ed3576b3312b7c726ea70d9475dc28c1148206b8","downloaded_from":"2026-09-10T00:58:55.606Z","last_downloaded_at":"2026-09-10T00:58:55.606Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480740","source_sha256":"81b4f0e7f31493c6ff3d2ece988fae41f1c1fcaeaa288b7478fae64a2650d98a"}},{"citation":"715-10-15-5","para":"15-5","html":"
The guidance in this Topic does not apply to the following types of benefit arrangements:
  1. a
    An employer's practice of providing pension or other postretirement benefits to selected employees under individual contracts with specific terms determined on an individual-by-individual basis. Those contracts shall be accounted for individually, following the terms of the contract. See Topic 710.
  2. b
    Postemployment benefits paid after employment but before retirement (for example, layoff benefits), unless payable from a pension or other postretirement plan. See Topic 712.
","snippet":"The guidance in this Topic does not apply to the following types of benefit arrangements:\n(a) An employer's practice of providing pension or other postretirement benefits to selected employees under individual contracts …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:40aea5bd01451131303c689d9db4a82e446a90f1bf4c62421f9b5e4b2913d825","downloaded_from":"2026-09-10T00:58:55.606Z","last_downloaded_at":"2026-09-10T00:58:55.606Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480740","source_sha256":"81b4f0e7f31493c6ff3d2ece988fae41f1c1fcaeaa288b7478fae64a2650d98a"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9d92347d7a752a3db5cc8902b635eeb39f9f6d4315cf6294caf3aa6cd380a255","downloaded_from":"2026-09-10T00:58:55.606Z","last_downloaded_at":"2026-09-10T00:58:55.606Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480740","source_sha256":"81b4f0e7f31493c6ff3d2ece988fae41f1c1fcaeaa288b7478fae64a2650d98a"}},{"block":null,"heading":"Other Considerations","paragraphs":[{"citation":"715-10-15-6","para":"15-6","html":"
For purposes of preparing financial statements in accordance with accounting principles generally accepted in the United States, the Compensation—Retirement Benefits Topic includes no special provisions applicable to pension or other postretirement benefit plans or arrangements outside the United States. To the extent that those arrangements are in substance similar to pension or other postretirement benefit plans in the United States, they are subject to the provisions of this Topic.
","snippet":"For purposes of preparing financial statements in accordance with accounting principles generally accepted in the United States, the Compensation—Retirement Benefits Topic includes no special provisions applicable to pen…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b70d237790f80ebc96ae0bebe9ebd7dbf810ff202ba12f228262a850893ff104","downloaded_from":"2026-09-10T00:58:55.606Z","last_downloaded_at":"2026-09-10T00:58:55.606Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480740","source_sha256":"81b4f0e7f31493c6ff3d2ece988fae41f1c1fcaeaa288b7478fae64a2650d98a"}},{"citation":"715-10-15-7","para":"15-7","html":"
The applicability of this Topic to those plans or arrangements is determined by the nature of the obligation and by the terms or conditions that define the amount of benefits to be paid, not by whether or how a plan is funded, whether benefits are payable at intervals or as a single amount, or whether the benefits are required by law or custom or are provided under a plan the employer has elected to sponsor.
","snippet":"The applicability of this Topic to those plans or arrangements is determined by the nature of the obligation and by the terms or conditions that define the amount of benefits to be paid, not by whether or how a plan is f…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ff8afc49ae64e96ed5bbcd71d681b23fac4ff8c8ef6f23b8bd9285d5eb9e225a","downloaded_from":"2026-09-10T00:58:55.606Z","last_downloaded_at":"2026-09-10T00:58:55.606Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480740","source_sha256":"81b4f0e7f31493c6ff3d2ece988fae41f1c1fcaeaa288b7478fae64a2650d98a"}},{"citation":"715-10-15-8","para":"15-8","html":"
This Topic does not change or supersede any of the requirements set forth in Topic 960 for the financial statements of a defined benefit pension plan.
","snippet":"This Topic does not change or supersede any of the requirements set forth in Topic 960 for the financial statements of a defined benefit pension plan.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9e517e38bb5865c2e8733905c01ae8daa13ff9191fa7b5e06e636dc161b220f1","downloaded_from":"2026-09-10T00:58:55.606Z","last_downloaded_at":"2026-09-10T00:58:55.606Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480740","source_sha256":"81b4f0e7f31493c6ff3d2ece988fae41f1c1fcaeaa288b7478fae64a2650d98a"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c193aaea4132d906dd75c70ca6dee32d389e8d4e1e89e927384184887cfeb80a","downloaded_from":"2026-09-10T00:58:55.606Z","last_downloaded_at":"2026-09-10T00:58:55.606Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480740","source_sha256":"81b4f0e7f31493c6ff3d2ece988fae41f1c1fcaeaa288b7478fae64a2650d98a"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d6f5d140e07834928f86aaac578723f1c3e8cbec1ce54ce96c83419e18e8460d","downloaded_from":"2026-09-10T00:58:55.606Z","last_downloaded_at":"2026-09-10T00:58:55.606Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480740","source_sha256":"81b4f0e7f31493c6ff3d2ece988fae41f1c1fcaeaa288b7478fae64a2650d98a"}},{"number":"65","label":"65 Transition and Open Effective Date Information","anchor":"65-transition-and-open-effective-date-information","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"715-10-65-1","para":"65-1","html":"
Paragraph superseded on 06/20/2018 after the end of the transition period stated in Accounting Standards Update No. 2015-04, Compensation—Retirement Benefits (Topic 715): Practical Expedient for the Measurement Date of an Employer's Defined Benefit Obligation and Plan Assets.
","snippet":"Paragraph superseded on 06/20/2018 after the end of the transition period stated in Accounting Standards Update No. 2015-04, Compensation—Retirement Benefits (Topic 715): Practical Expedient for the Measurement Date of a…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1573f9bcdab9f9e7281e2e3366a7ac9340e8ab0714677656e34b3d69449576b1","downloaded_from":"2026-09-10T00:58:58.564Z","last_downloaded_at":"2026-09-10T00:58:58.564Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480710","source_sha256":"d8428a3e6e6a84d3b8ccfc94a3e93eb6bd48d864200f2cd0c1dc84856290060e"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3bf1da17967953d3e5979307557bd7abd024d6ca3671379c0c17b97dbc388f00","downloaded_from":"2026-09-10T00:58:58.564Z","last_downloaded_at":"2026-09-10T00:58:58.564Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480710","source_sha256":"d8428a3e6e6a84d3b8ccfc94a3e93eb6bd48d864200f2cd0c1dc84856290060e"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b98f975807fbe5f5c9cc6f566b74d95a75160384ae6d37f0b0d0d8001b02f9c8","downloaded_from":"2026-09-10T00:58:58.564Z","last_downloaded_at":"2026-09-10T00:58:58.564Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480710","source_sha256":"d8428a3e6e6a84d3b8ccfc94a3e93eb6bd48d864200f2cd0c1dc84856290060e"}}],"enrichment":{"summary":"ASC 715-10 is the Overall subtopic that sets the objectives and pervasive scope for employer accounting for pension, other postretirement, and certain special or contractual termination benefits. Its core premise is that a benefit plan is an exchange of deferred compensation for employee service, so the employer's obligation is incurred as services are rendered and cost is recognized over the employee service periods. Because the original content was built on an expense recognition model, most operative guidance sits in the Subsequent Measurement Sections of Subtopics 715-20, 715-30, 715-60, 715-70, and 715-80.","key_points":["A benefit plan is an exchange between employer and employee: retirement benefits are deferred compensation, not gratuities, and the obligation is incurred when services are rendered (715-10-05-6).","Objectives are to recognize net periodic pension cost and net periodic other postretirement benefit cost as employees render service, to reflect the obligation on the balance sheet based on the mutual understanding of plan terms, to disclose relevant information, and to require uniform measurement methods for similar plans (715-10-10-1).","The Topic applies to all employers, including NFPs (which also apply Subtopic 958-715), whether or not the obligation is funded (715-10-15-2).","Scope covers any arrangement in substance a pension or other postretirement plan regardless of form or funding, unwritten plans discernible from a practice of paying benefits or oral representations, deferred compensation contracts that taken together are equivalent to such a plan, and health and welfare benefits for employees on disability retirement (715-10-15-3).","Scope also covers settlements of all or part of the obligation, plan curtailments, and pension/OPEB provided as special or contractual termination benefits not addressed elsewhere (715-10-15-4).","Excluded are individually negotiated contracts with selected employees, which are accounted for individually under Topic 710, and postemployment benefits paid before retirement (e.g., layoff benefits) unless payable from a pension or OPEB plan, which fall under Topic 712 (715-10-15-5).","There are no special provisions for non-U.S. plans; applicability turns on the nature of the obligation and the terms defining benefits, not on funding, payment form, or whether benefits are required by law or custom (715-10-15-6 through 15-7); the Topic does not change Topic 960 plan-level reporting (715-10-15-8)."],"categories":["Compensation and benefits","Recognition","Subsequent measurement","Disclosure"],"audience_level":"introductory","student_note":"This is the gateway subtopic: it tells you which Subtopic to use (defined benefit pension, OPEB, defined contribution, multiemployer) and, importantly, that substance over form governs scope—an unwritten practice of paying retirement benefits is a plan. A common misunderstanding is assuming unfunded or foreign arrangements escape ASC 715, or that pre-retirement severance benefits belong here rather than in Topic 712.","related_topics":["715-20","715-30","715-60","710","712","960"],"key_concepts":["deferred compensation exchange","net periodic pension cost","net periodic other postretirement benefit cost","benefit plan scope","unwritten plan","settlement and curtailment","expense recognition model","funded status"],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ece044bc84c0d45df9d2a7e95c48ccb382c870867efeaefb8cd5fc9132499b31","downloaded_from":"2026-09-10T00:58:45.119Z","last_downloaded_at":"2026-09-10T00:58:58.564Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},"related":[{"number":"712-10","title":"Overall","topic_title":"Compensation—Nonretirement Postemployment Benefits","score":0.8609,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:757078a562f03e5916f25adaa93d61d4f9c60409f592d52a4fa49b0ec44c29af","downloaded_from":"2026-09-10T00:58:18.965Z","last_downloaded_at":"2026-09-10T00:58:43.060Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"715-60","title":"Defined Benefit Plans—Other Postretirement","topic_title":"Compensation—Retirement Benefits","score":0.8533,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d2f542d7eefe21c0f272eab22d89f6e66e85b015615b755509f77f67fb53bbda","downloaded_from":"2026-09-10T01:00:25.988Z","last_downloaded_at":"2026-09-10T01:00:54.564Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"962-10","title":"Overall","topic_title":"Plan Accounting—Defined Contribution Pension Plans","score":0.8486,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:343e5b9bd01d9b7a666f8df678521817ccdb9c0e188f20d337ab52ffbfbeebb5","downloaded_from":"2026-09-10T02:23:49.997Z","last_downloaded_at":"2026-09-10T02:24:03.800Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"960-10","title":"Overall","topic_title":"Plan Accounting—Defined Benefit Pension Plans","score":0.8418,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ba32b641a4a2786facfdb01bdcef0311a9de8391efca4d521705f379f7f6a991","downloaded_from":"2026-09-10T02:22:27.759Z","last_downloaded_at":"2026-09-10T02:22:34.407Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"965-10","title":"Overall","topic_title":"Plan Accounting—Health and Welfare Benefit Plans","score":0.8168,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f3cab8b14ea4de0f5b05792891e9ef93777c57d94872ba9840e7ed7311861ef9","downloaded_from":"2026-09-10T02:24:24.502Z","last_downloaded_at":"2026-09-10T02:24:31.271Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"715-70","title":"Defined Contribution Plans","topic_title":"Compensation—Retirement Benefits","score":0.8112,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:364bcc75fa9f9acfdcd91beb3c82204bff2a6e676fa63df89198ed59a4b7acb1","downloaded_from":"2026-09-10T01:00:58.143Z","last_downloaded_at":"2026-09-10T01:01:17.755Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}}],"prev":{"number":"712-10","title":"Overall","topic_title":"Compensation—Nonretirement Postemployment Benefits","provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0c80273d0c9cf8c739323b71f2d04ca4bcece859b68da1b069710ad04fe3c73e","downloaded_from":"2026-09-10T00:58:18.965Z","last_downloaded_at":"2026-09-10T00:58:43.060Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},"next":{"number":"715-20","title":"Defined Benefit Plans—General","topic_title":"Compensation—Retirement Benefits","provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:7399719330510dcf60c721ccdac06984cce9d88b08eac9867c94745999ced654","downloaded_from":"2026-09-10T00:59:02.764Z","last_downloaded_at":"2026-09-10T00:59:47.246Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:df34a95141e5bcfee5034127898c3b00d75efa278e1009a908a1bf4d48f5d711","downloaded_from":"2026-09-10T00:58:45.119Z","last_downloaded_at":"2026-09-10T00:58:58.564Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"715-20","topic":"715","title":"Defined Benefit Plans—General","area":"Expenses","paragraphs":54,"summary":"ASC 715-20 governs the presentation and disclosure requirements for single-employer defined benefit pension and other postretirement benefit (OPEB) plans, and it confirms that a cash balance plan is a defined benefit plan. It requires employers to disclose, separately for pension and OPEB plans, reconciliations of the benefit obligation and plan assets, funded status and where it is recognized on the balance sheet, plan asset fair value information by class, weighted-average assumptions, expected future benefit payments and contributions, and amounts in AOCI not yet recognized in net periodic benefit cost. On the face of the income statement, only the service cost component goes with other compensation cost; all other components must be presented separately and outside any subtotal of income from operations.","concepts":["defined benefit pension plan","other postretirement benefit plan","funded status","net periodic benefit cost","service cost component","projected benefit obligation","plan assets fair value hierarchy","cash balance plan"],"categories":["Disclosure","Presentation","Compensation and benefits","Fair value"],"level":"intermediate","topic_title":"Compensation—Retirement Benefits","sections":[{"number":"00","label":"00 Status","anchor":"00-status","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"715-20-00-1","para":"00-1","html":"
The following table identifies the changes made to this Subtopic.
ParagraphActionAccounting Standards UpdateDate
Cash EquivalentsAddedAccounting Standards Update No. 2014-0603/14/2014
Conduit Debt SecurityAddedMaintenance Update 2014-20 (PDF)09/29/2014
Net Periodic Pension CostAmendedAccounting Standards Update No. 2017-0703/10/2017
Nonpublic Entity (1st Def.)AmendedMaintenance Update 2014-20 (PDF)09/29/2014
Nonpublic Entity (3rd Def.)AmendedMaintenance Update 2014-20 (PDF)09/29/2014
Public Business EntityAmendedMaintenance Update 2017-06 (PDF)04/07/2017
Public Business EntityAddedAccounting Standards Update No. 2017-0703/10/2017
715-20-05-1 through 05-3
AmendedAccounting Standards Update No. 2017-0703/10/2017
715-20-25-1 through 25-4
AddedAccounting Standards Update No. 2020-1010/29/2020
715-20-45-3AAddedAccounting Standards Update No. 2017-0703/10/2017
715-20-45-4SupersededAccounting Standards Update No. 2015-0101/09/2015
715-20-50-1AmendedAccounting Standards Update No. 2024-0311/04/2024
715-20-50-1AmendedMaintenance Update 2018-12 (PDF)09/10/2018
715-20-50-1AmendedAccounting Standards Update No. 2018-1408/28/2018
715-20-50-1AmendedAccounting Standards Update No. 2017-0703/10/2017
715-20-50-1AmendedAccounting Standards Update No. 2015-0705/01/2015
715-20-50-1AmendedAccounting Standards Update No. 2015-0404/15/2015
715-20-50-1AmendedAccounting Standards Update No. 2014-0603/14/2014
715-20-50-1AmendedAccounting Standards Update No. 2011-0405/12/2011
715-20-50-1AmendedAccounting Standards Update No. 2010-0601/21/2010
715-20-50-2AmendedAccounting Standards Update No. 2012-0410/01/2012
715-20-50-3AmendedAccounting Standards Update No. 2018-1408/28/2018
715-20-50-5AmendedAccounting Standards Update No. 2018-1408/28/2018
715-20-50-5AmendedAccounting Standards Update No. 2017-0703/10/2017
715-20-50-5AmendedAccounting Standards Update No. 2015-0705/01/2015
715-20-50-5AmendedAccounting Standards Update No. 2015-0404/15/2015
715-20-50-5AmendedAccounting Standards Update No. 2011-0405/12/2011
715-20-50-5AmendedAccounting Standards Update No. 2010-0601/21/2010
715-20-50-6AmendedAccounting Standards Update No. 2017-0703/10/2017
715-20-50-9SupersededAccounting Standards Update No. 2018-1408/28/2018
715-20-50-10SupersededAccounting Standards Update No. 2018-1408/28/2018
715-20-55-8AmendedMaintenance Update 2014-23 (PDF)11/03/2014
715-20-55-10AmendedMaintenance Update 2014-23 (PDF)11/03/2014
715-20-55-13AmendedAccounting Standards Update No. 2017-0703/10/2017
715-20-55-15 through 55-17
AmendedAccounting Standards Update No. 2018-1408/28/2018
715-20-55-17AmendedMaintenance Update 2018-12 (PDF)09/10/2018
715-20-55-17AmendedAccounting Standards Update No. 2017-0703/10/2017
715-20-55-17AmendedAccounting Standards Update No. 2010-0601/21/2010
715-20-55-18AmendedAccounting Standards Update No. 2017-0703/10/2017
715-20-65-1SupersededMaintenance Update 2014-23 (PDF)11/03/2014
715-20-65-3AddedAccounting Standards Update No. 2017-0703/10/2017
715-20-65-4AddedAccounting Standards Update No. 2018-1408/28/2018
","snippet":"The following table identifies the changes made to this Subtopic.\nParagraph | Action | Accounting Standards Update | Date |\n| | | |\nCash Equivalents | Added | Accounting Standards Update No. 2014-06 | 03/14/2014 |\nCondui…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:efd234e9d1cb6c00420df692966ff4a07b69382478a2c11aa24b0895db561655","downloaded_from":"2026-09-10T00:59:02.764Z","last_downloaded_at":"2026-09-10T00:59:02.764Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480688","source_sha256":"850fa70061327197eb538bd8848b5dac4c97d4b6fbab2f84d58e5e74b95e47a1"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:751808a15aea019e49132a019c94da355bfc32068e7e9c5de425e92159189ddc","downloaded_from":"2026-09-10T00:59:02.764Z","last_downloaded_at":"2026-09-10T00:59:02.764Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480688","source_sha256":"850fa70061327197eb538bd8848b5dac4c97d4b6fbab2f84d58e5e74b95e47a1"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:14687cff2a4d8b7b4a13864fceb4fc267c8729e2065bc2424106a8125fa1f063","downloaded_from":"2026-09-10T00:59:02.764Z","last_downloaded_at":"2026-09-10T00:59:02.764Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480688","source_sha256":"850fa70061327197eb538bd8848b5dac4c97d4b6fbab2f84d58e5e74b95e47a1"}},{"number":"05","label":"05 Overview and Background","anchor":"05-overview-and-background","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"715-20-05-1","para":"05-1","html":"
This Subtopic provides guidance on the disclosure and other accounting and reporting requirements related to single-employer defined benefit pension and other postretirement benefit plans.
  1. a
    Subparagraph superseded by Accounting Standards Update No. 2017-07.
  2. b
    Subparagraph superseded by Accounting Standards Update No. 2017-07.
","snippet":"This Subtopic provides guidance on the disclosure and other accounting and reporting requirements related to single-employer defined benefit pension and other postretirement benefit plans.\n(a) Subparagraph superseded by …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e02a2709d45a3767e37ff2c873662a9fb2caaf50b6b1dbbb57b18eeb27f8800d","downloaded_from":"2026-09-10T00:59:05.058Z","last_downloaded_at":"2026-09-10T00:59:05.058Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480655","source_sha256":"dec88b6aecff6fa02cdefac23d94372d071e98a52fc0efaae4d4ed4979d4fca5"}},{"citation":"715-20-05-2","para":"05-2","html":"
This Subtopic addresses:
  1. a
    The content and organization of annual disclosures about defined benefit pension plans and other postretirement benefits
  2. b
    Disclosures required for interim-period financial reports.
  3. c
    Presentation matters about defined benefit pension and other postretirement benefit plans.
","snippet":"This Subtopic addresses:\n(a) The content and organization of annual disclosures about defined benefit pension plans and other postretirement benefits\n(b) Disclosures required for interim-period financial reports.\n(c) Pre…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e0a3c033da07bec702fb2e30fd227dfad29d69796be074f5a1d87600e297cf0f","downloaded_from":"2026-09-10T00:59:05.058Z","last_downloaded_at":"2026-09-10T00:59:05.058Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480655","source_sha256":"dec88b6aecff6fa02cdefac23d94372d071e98a52fc0efaae4d4ed4979d4fca5"}},{"citation":"715-20-05-3","para":"05-3","html":"
An employer that sponsors one or more defined benefit pension or other postretirement benefit plans is required to provide the information called for in Section 715-20-50 separately for pension plans and other postretirement benefit plans.
","snippet":"An employer that sponsors one or more defined benefit pension or other postretirement benefit plans is required to provide the information called for in Section 715-20-50 separately for pension plans and other postretire…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b2b6953ca2aefd06b2ceaed06935cf16b58cccd3c088e52c3bf601ca9704d584","downloaded_from":"2026-09-10T00:59:05.058Z","last_downloaded_at":"2026-09-10T00:59:05.058Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480655","source_sha256":"dec88b6aecff6fa02cdefac23d94372d071e98a52fc0efaae4d4ed4979d4fca5"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ff728079533c5a5a79aaac7618101a3cfaa58eaabc2510f4eae2e3a88d87984c","downloaded_from":"2026-09-10T00:59:05.058Z","last_downloaded_at":"2026-09-10T00:59:05.058Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480655","source_sha256":"dec88b6aecff6fa02cdefac23d94372d071e98a52fc0efaae4d4ed4979d4fca5"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e514fe73f6b67377bcfce57f4fd62a11d124a408d53ce00e863e045fec86f9fb","downloaded_from":"2026-09-10T00:59:05.058Z","last_downloaded_at":"2026-09-10T00:59:05.058Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480655","source_sha256":"dec88b6aecff6fa02cdefac23d94372d071e98a52fc0efaae4d4ed4979d4fca5"}},{"number":"15","label":"15 Scope and Scope Exceptions","anchor":"15-scope-and-scope-exceptions","is_sec":false,"groups":[{"block":null,"heading":"Overall Guidance","paragraphs":[{"citation":"715-20-15-1","para":"15-1","html":"
This Subtopic follows the same Scope and Scope Exceptions as outlined in the Overall Subtopic, see Section 715-10-15, with specific transaction qualifications noted below.
","snippet":"This Subtopic follows the same Scope and Scope Exceptions as outlined in the Overall Subtopic, see Section 715-10-15, with specific transaction qualifications noted below.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:acc687720b2ef50b2a4ac8768e95d0782e393d256c44a836dae2860802c77162","downloaded_from":"2026-09-10T00:59:07.344Z","last_downloaded_at":"2026-09-10T00:59:07.344Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480623","source_sha256":"60dc3a89591a750ec15ceb22ca3213b9096022c271d8b8b4df980ff85180587b"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b98e882f2d6bea4c3ef84d5a92066bf5020e1dacbfa2f6a6996aba334e56789e","downloaded_from":"2026-09-10T00:59:07.344Z","last_downloaded_at":"2026-09-10T00:59:07.344Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480623","source_sha256":"60dc3a89591a750ec15ceb22ca3213b9096022c271d8b8b4df980ff85180587b"}},{"block":null,"heading":"Transactions","paragraphs":[{"citation":"715-20-15-2","para":"15-2","html":"
The guidance in this Subtopic applies to all single-employer defined benefit pension or other postretirement benefit plans.
","snippet":"The guidance in this Subtopic applies to all single-employer defined benefit pension or other postretirement benefit plans.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2f0a871266aba72b60678674bb15ad14e8e66a823398e38b44674c227bea606a","downloaded_from":"2026-09-10T00:59:07.344Z","last_downloaded_at":"2026-09-10T00:59:07.344Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480623","source_sha256":"60dc3a89591a750ec15ceb22ca3213b9096022c271d8b8b4df980ff85180587b"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1e35d4b57f3dd9e3ab2ee36d6fc354ef7489c7103aabc65ecb007ba9745144d0","downloaded_from":"2026-09-10T00:59:07.344Z","last_downloaded_at":"2026-09-10T00:59:07.344Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480623","source_sha256":"60dc3a89591a750ec15ceb22ca3213b9096022c271d8b8b4df980ff85180587b"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:fe1e78d240a5302e42a7c8836f06287f55bafd13d3b6413fb6819407013c31b7","downloaded_from":"2026-09-10T00:59:07.344Z","last_downloaded_at":"2026-09-10T00:59:07.344Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480623","source_sha256":"60dc3a89591a750ec15ceb22ca3213b9096022c271d8b8b4df980ff85180587b"}},{"number":"25","label":"25 Recognition","anchor":"25-recognition","is_sec":false,"groups":[{"block":null,"heading":"Cash Balance Plans","paragraphs":[{"citation":"715-20-25-1","para":"25-1","html":"
A cash balance plan is a defined benefit plan.
","snippet":"A cash balance plan is a defined benefit plan.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f55ae00237caaf6d505d3cbf82d6f3491a41f746e5764b95f80617fc21390496","downloaded_from":"2026-09-10T00:59:13.244Z","last_downloaded_at":"2026-09-10T00:59:13.244Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480565","source_sha256":"b572806a99d56ae5927e29d8ba2a81a9d352829dee5e70b11e3e36a1d7983a55"}},{"citation":"715-20-25-2","para":"25-2","html":"
A cash balance plan communicates to employees a pension benefit in the form of a current account balance that is based on principal credits and future interest credits based on those principal credits.
","snippet":"A cash balance plan communicates to employees a pension benefit in the form of a current account balance that is based on principal credits and future interest credits based on those principal credits.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:55cfba106175800958bcc90f144393d0c5aa75db2b5286655cd0a73cf4cf6457","downloaded_from":"2026-09-10T00:59:13.244Z","last_downloaded_at":"2026-09-10T00:59:13.244Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480565","source_sha256":"b572806a99d56ae5927e29d8ba2a81a9d352829dee5e70b11e3e36a1d7983a55"}},{"citation":"715-20-25-3","para":"25-3","html":"
In a cash balance plan, individual account balances are determined by reference to a hypothetical account rather than specific assets, and the benefit is dependent on the employer's promised interest-crediting rate, not the actual return on plan assets. The employer's financial obligation to the plan is not satisfied by making prescribed principal and interest credit contributions—whether in cash or as a hypothetical contribution to participants' accounts—for the period; rather, the employer must fund, over time, amounts that can accumulate to the actuarial present value of the benefit due at the time of distribution to each participant pursuant to the plan's terms. The employer's contributions to a cash balance plan trust and the earnings on the invested plan assets may be unrelated to the principal and interest credits to participants' hypothetical accounts.
","snippet":"In a cash balance plan, individual account balances are determined by reference to a hypothetical account rather than specific assets, and the benefit is dependent on the employer's promised interest-crediting rate, not …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e10ef9dfac7e021f5687110518d42e5953ee7191de4c00d43fe7bcf97678a6ad","downloaded_from":"2026-09-10T00:59:13.244Z","last_downloaded_at":"2026-09-10T00:59:13.244Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480565","source_sha256":"b572806a99d56ae5927e29d8ba2a81a9d352829dee5e70b11e3e36a1d7983a55"}},{"citation":"715-20-25-4","para":"25-4","html":"
The determination of whether a plan is pay-related and the appropriate benefit attribution approach for a cash balance plan with other characteristics or for other types of defined benefit pension plans depend on an evaluation of the specific features of those benefit arrangements. See paragraphs
715-30-35-36 through 35-39
,
715-30-55-7 through 55-15
, and 715-30-55-127A (Example 8) for guidance on attribution approaches.
","snippet":"The determination of whether a plan is pay-related and the appropriate benefit attribution approach for a cash balance plan with other characteristics or for other types of defined benefit pension plans depend on an eval…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:5116facd8ebfe5bdee6a5e9c86592e08e6944e1bc83468f87faed7b5e253b269","downloaded_from":"2026-09-10T00:59:13.244Z","last_downloaded_at":"2026-09-10T00:59:13.244Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480565","source_sha256":"b572806a99d56ae5927e29d8ba2a81a9d352829dee5e70b11e3e36a1d7983a55"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a16ab1cb436c1f66aefd341b07c73544f6cf631ea6a4e2807043a5ecc62b14a6","downloaded_from":"2026-09-10T00:59:13.244Z","last_downloaded_at":"2026-09-10T00:59:13.244Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480565","source_sha256":"b572806a99d56ae5927e29d8ba2a81a9d352829dee5e70b11e3e36a1d7983a55"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:59b0a8c350048107dc705eccf2763709691e50c08511717abefac84607633602","downloaded_from":"2026-09-10T00:59:13.244Z","last_downloaded_at":"2026-09-10T00:59:13.244Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480565","source_sha256":"b572806a99d56ae5927e29d8ba2a81a9d352829dee5e70b11e3e36a1d7983a55"}},{"number":"45","label":"45 Other Presentation Matters","anchor":"45-other-presentation-matters","is_sec":false,"groups":[{"block":null,"heading":"Entities That Do Not Report Other Comprehensive Income, Other Than Not-for-Profit","paragraphs":[{"citation":"715-20-45-1","para":"45-1","html":"
An employer other than a not-for-profit employer that does not report other comprehensive income pursuant to Topic 220 shall apply the provisions of Sections 958-715-25, 958-715-35, 958-715-45, and 958-715-50 in an analogous manner that is appropriate for its method of reporting financial performance and financial position.
","snippet":"An employer other than a not-for-profit employer that does not report other comprehensive income pursuant to Topic 220 shall apply the provisions of Sections 958-715-25, 958-715-35, 958-715-45, and 958-715-50 in an analo…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:76e028fa7e3c226dbdd549605fdf4b1ed07404302811cc396fe00649d9ea7984","downloaded_from":"2026-09-10T00:59:17.524Z","last_downloaded_at":"2026-09-10T00:59:17.524Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480535","source_sha256":"aeafee53273ee1b8d75bdedeb83ac5077e284057bee7ac1184f6c78764ccf062"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:10b5f55d19f820ff9cf89a1f137b9d5815225d5a71215d647e8bef8d37088164","downloaded_from":"2026-09-10T00:59:17.524Z","last_downloaded_at":"2026-09-10T00:59:17.524Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480535","source_sha256":"aeafee53273ee1b8d75bdedeb83ac5077e284057bee7ac1184f6c78764ccf062"}},{"block":null,"heading":"Classification","paragraphs":[{"citation":"715-20-45-2","para":"45-2","html":"
An employer that sponsors one or more defined benefit pension plans or one or more defined benefit other postretirement plans shall provide separately for pension plans and other postretirement benefit plans the funded status of the plans and the amounts recognized in the statement of financial position, showing separately the assets and current and noncurrent liabilities recognized.
","snippet":"An employer that sponsors one or more defined benefit pension plans or one or more defined benefit other postretirement plans shall provide separately for pension plans and other postretirement benefit plans the funded s…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ef3117ca9c3dd4d8f9c1789d8627521f119a42720438f5593c6e6ae06a56ff96","downloaded_from":"2026-09-10T00:59:17.524Z","last_downloaded_at":"2026-09-10T00:59:17.524Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480535","source_sha256":"aeafee53273ee1b8d75bdedeb83ac5077e284057bee7ac1184f6c78764ccf062"}},{"citation":"715-20-45-3","para":"45-3","html":"
An employer that presents a classified statement of financial position shall classify the liability for an underfunded plan as a current liability, a noncurrent liability, or a combination of both. The current portion (determined on a plan-by-plan basis) is the amount by which the actuarial present value of benefits included in the benefit obligation payable in the next 12 months, or operating cycle if longer, exceeds the fair value of plan assets. The asset for an overfunded plan shall be classified as a noncurrent asset in a classified statement of financial position. The amount classified as a current liability is limited to the amount of the plan's unfunded status recognized in the employer's statement of financial position.
","snippet":"An employer that presents a classified statement of financial position shall classify the liability for an underfunded plan as a current liability, a noncurrent liability, or a combination of both. The current portion (d…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b298216839b65a879d75c4408babd9e18c3ee9dfb1037820fc82191db8e4e329","downloaded_from":"2026-09-10T00:59:17.524Z","last_downloaded_at":"2026-09-10T00:59:17.524Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480535","source_sha256":"aeafee53273ee1b8d75bdedeb83ac5077e284057bee7ac1184f6c78764ccf062"}},{"citation":"715-20-45-3A","para":"45-3A","html":"
An employer shall report in the income statement:
  1. a
    The service cost component of net periodic pension cost and net periodic postretirement benefit cost in the same line item or items as other compensation costs arising from services rendered by the pertinent employees during the period (except for the amount being capitalized, if appropriate, in connection with the production or construction of an asset such as inventory or property, plant, and equipment)
  2. b
    The other components as defined in paragraphs 715-30-35-4 and 715-60-35-9 separately from the service cost component and outside a subtotal of income from operations, if one is presented. If a separate line item or items are used to present the other components, that line item or items shall be described appropriately.
For the purpose of applying the guidance in this paragraph, a gain or loss from a settlement or curtailment or the cost of certain termination benefits accounted for under this Topic shall be reported in the same way as the other components in (b).
","snippet":"An employer shall report in the income statement:\n(a) The service cost component of net periodic pension cost and net periodic postretirement benefit cost in the same line item or items as other compensation costs arisin…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ec108bf3a31c2952a1b1fe8b93eda37889c18a270783e903a8e6087c01740a9c","downloaded_from":"2026-09-10T00:59:17.524Z","last_downloaded_at":"2026-09-10T00:59:17.524Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480535","source_sha256":"aeafee53273ee1b8d75bdedeb83ac5077e284057bee7ac1184f6c78764ccf062"}},{"citation":"715-20-45-4","para":"45-4","html":"
Paragraph superseded by Accounting Standards Update No. 2015-01.
","snippet":"Paragraph superseded by Accounting Standards Update No. 2015-01.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9cfb59605ca9f99b6ce17f1e7fb117eabfbd546ba339390d7a915c9277d8b413","downloaded_from":"2026-09-10T00:59:17.524Z","last_downloaded_at":"2026-09-10T00:59:17.524Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480535","source_sha256":"aeafee53273ee1b8d75bdedeb83ac5077e284057bee7ac1184f6c78764ccf062"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:4eef70e50dbbfb716a34aacfcd87c6062730b63d798cc8a18b62ceb8a1109753","downloaded_from":"2026-09-10T00:59:17.524Z","last_downloaded_at":"2026-09-10T00:59:17.524Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480535","source_sha256":"aeafee53273ee1b8d75bdedeb83ac5077e284057bee7ac1184f6c78764ccf062"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:7bdc32c766c131140f5147f592fd4a4c8c3019da82e067f0e8c09af8cf8f5d9a","downloaded_from":"2026-09-10T00:59:17.524Z","last_downloaded_at":"2026-09-10T00:59:17.524Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480535","source_sha256":"aeafee53273ee1b8d75bdedeb83ac5077e284057bee7ac1184f6c78764ccf062"}},{"number":"50","label":"50 Disclosure","anchor":"50-disclosure","is_sec":false,"groups":[{"block":null,"heading":"Disclosures by Public Entities","paragraphs":[{"citation":"715-20-50-1","para":"50-1","html":"
An employer that sponsors one or more defined benefit pension plans or one or more defined benefit other postretirement plans shall provide the following information, separately for pension plans and other postretirement benefit plans. Amounts related to the employer's results of operations shall be disclosed for each period for which a statement of income is presented. Amounts related to the employer's statement of financial position shall be disclosed as of the date of each statement of financial position presented. All of the following shall be disclosed:
  1. a
    A reconciliation of beginning and ending balances of the benefit obligation showing separately, if applicable, the effects during the period attributable to each of the following:
    1. 1
      Service cost
    2. 2
      Interest cost
    3. 3
      Contributions by plan participants
    4. 4
      Actuarial gains and losses
    5. 5
      Foreign currency exchange rate changes (The effects of foreign currency exchange rate changes that are to be disclosed are those applicable to plans of a foreign operation whose functional currency is not the reporting currency pursuant to Section 830-10-45.)
    6. 6
      Benefits paid
    7. 7
      Plan amendments
    8. 8
      Business combinations
    9. 9
      Divestitures
    10. 10
      Curtailments, settlements, and special and contractual termination benefits.
    For defined benefit pension plans, the benefit obligation is the projected benefit obligation. For defined benefit other postretirement plans, the benefit obligation is the accumulated postretirement benefit obligation.
  2. b
    A reconciliation of beginning and ending balances of the fair value of plan assets showing separately, if applicable, the effects during the period attributable to each of the following:
    1. 1
      Actual return on plan assets
    2. 2
      Foreign currency exchange rate changes (see (a)(5))
    3. 3
      Contributions by the employer
    4. 4
      Contributions by plan participants
    5. 5
      Benefits paid
    6. 6
      Business combinations
    7. 7
      Divestitures
    8. 8
      Settlements.
  3. c
    The funded status of the plans and the amounts recognized in the statement of financial position, showing separately the assets and current and noncurrent liabilities recognized.
  4. d
    The objectives of the disclosures about postretirement benefit plan assets are to provide users of financial statements with an understanding of:
    1. 1
      How investment allocation decisions are made, including the factors that are pertinent to an understanding of investment policies and strategies
    2. 2
      The classes of plan assets
    3. 3
      The inputs and valuation techniques used to measure the fair value of plan assets
    4. 4
      The effect of fair value measurements using significant unobservable inputs (Level 3) on changes in plan assets for the period
    5. 5
      Significant concentrations of risk within plan assets.
      An employer shall consider those overall objectives in providing the following information about plan assets:
      1. i
        A narrative description of investment policies and strategies, including target allocation percentages or range of percentages considering the classes of plan assets disclosed pursuant to (ii) below, as of the latest statement of financial position presented (on a weighted-average basis for employers with more than one plan), and other factors that are pertinent to an understanding of those policies and strategies such as investment goals, risk management practices, permitted and prohibited investments including the use of derivatives, diversification, and the relationship between plan assets and benefit obligations. For investment funds disclosed as classes as described in (ii) below, a description of the significant investment strategies of those funds shall be provided.
      2. ii
        The fair value of each class of plan assets as of each date for which a statement of financial position is presented. For additional guidance on determining appropriate classes of plan assets, see paragraph 820-10-50-2B. Examples of classes of assets could include, but are not limited to, the following: cash and cash equivalents; equity securities (segregated by industry type, company size, or investment objective); debt securities issued by national, state, and local governments; corporate debt securities; asset-backed securities; structured debt; derivatives on a gross basis (segregated by type of underlying risk in the contract, for example, interest rate contracts, foreign exchange contracts, equity contracts, commodity contracts, credit contracts, and other contracts); investment funds (segregated by type of fund); and real estate. Those examples are not meant to be all inclusive. An employer should consider the overall objectives in paragraph 715-20-50-1(d)(1) through (5) in determining whether additional classes of plan assets or further disaggregation of classes should be disclosed. If an employer determines the measurement date of plan assets in accordance with paragraph 715-30-35-63A or 715-60-35-123A and the employer contributes assets to the plan between the measurement date and its fiscal year-end, the employer shall not adjust the fair value of each class of plan assets for the effects of the contribution. Instead, the employer shall disclose the amount of the contribution to permit reconciliation of the total fair value of all the classes of plan assets to the ending balance of the fair value of plan assets. For example, the contribution could be disclosed as follows:
        • Fair Value Measurements at \"February 3, 20X5 (in thousands)\" Asset Class Total \"Quoted Prices in Active Markets for Identical Assets (Level 1)\" \"Significant Observable Inputs (Level 2)\" \"Significant Unobservable Inputs (Level 3)\" Cash \" $14,770 \" \" $14,770 \" $- $- Equity securities: U.S. companies \" 41,200 \" \" 37,000 \" \" 1,200 \" \" 3,000 \" International companies \" 32,900 \" \" 24,000 \" \" 7,600 \" \" 1,300 \" Mortgage-backed securities \" 13,335 \" - \" 12,780 \" 555 Assets at fair value at measurement date of 1/31/20X5 \" 102,205 \" \" $75,770 \" \" $21,580 \" \" $4,855 \" Contributions after measurement date \" 25,000 \" Total assets reported at 2/3/20X5 \" $127,205 \"
      3. iii
        A narrative description of the basis used to determine the overall expected long-term rate-of-return-on-assets assumption, such as the general approach used, the extent to which the overall rate-of-return-on-assets assumption was based on historical returns, the extent to which adjustments were made to those historical returns in order to reflect expectations of future returns, and how those adjustments were determined. The description should consider the classes of assets as described in (ii) above, as appropriate.
      4. iv
        Information that enables users of financial statements to assess the inputs and valuation techniques used to develop fair value measurements of plan assets at the reporting date. For fair value measurements using significant unobservable inputs, an employer shall disclose the effect of the measurements on changes in plan assets for the period. To meet those objectives, the employer shall disclose the following information for each class of plan assets disclosed pursuant to (ii) above for each annual period:
        1. 01
          The level of the fair value hierarchy within which the fair value measurements are categorized in their entirety, segregating fair value measurements using quoted prices in active markets for identical assets or liabilities (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). The guidance in paragraphs 820-10-35-37 through 35-37A is applicable. Investments for which fair value is measured using the net asset value per share (or its equivalent) practical expedient in paragraph 820-10-35-59 shall not be categorized within the fair value hierarchy, as noted by paragraph 820-10-35-54B. If an employer determines the measurement date of plan assets in accordance with paragraph 715-30-35-63A or 715-60-35-123A and the employer contributes assets to the plan between the measurement date and its fiscal year-end, the employer shall not adjust the fair value of each class of plan assets for the effects of the contribution. Instead, the employer shall disclose the amount of the contribution to permit reconciliation of the total fair value of all plan assets in the fair value hierarchy to the ending balance of the fair value of plan assets. For example, the contribution could be disclosed as follows:
          • Fair Value Measurements at \"February 3, 20X5 (in thousands)\" Asset Class Total \"Quoted Prices in Active Markets for Identical Assets (Level 1)\" \"Significant Observable Inputs (Level 2)\" \"Significant Unobservable Inputs (Level 3)\" Cash \" $14,770 \" \" $14,770 \" $- $- Equity securities: U.S. companies \" 41,200 \" \" 37,000 \" \" 1,200 \" \" 3,000 \" International companies \" 32,900 \" \" 24,000 \" \" 7,600 \" \" 1,300 \" Mortgage-backed securities \" 13,335 \" - \" 12,780 \" 555 Assets at fair value at measurement date of 1/31/20X5 \" 102,205 \" \" $75,770 \" \" $21,580 \" \" $4,855 \" Contributions after measurement date \" 25,000 \" Total assets reported at 2/3/20X5 \" $127,205 \"
        2. 02
          For fair value measurements of plan assets using significant unobservable inputs (Level 3), a reconciliation from the opening balances to the closing balances, disclosing separately changes during the period attributable to the following:
          1. A
            Actual Return on Plan Assets (Component of Net Periodic Postretirement Benefit Cost) or Actual Return on Plan Assets (Component of Net Periodic Pension Cost), separately identifying the amount related to assets still held at the reporting date and the amount related to assets sold during the period
          2. B
            Purchases, sales, and settlements, net
          3. C
            The amounts of any transfers into or out of Level 3 (for example, transfers due to changes in the observability of significant inputs).
        3. 03
          Information about the valuation technique(s) and inputs used to measure fair value and a discussion of changes in valuation techniques and inputs, if any, during the period.
  5. e
    For defined benefit pension plans, the accumulated benefit obligation.
  6. f
    The benefits (as of the date of the latest statement of financial position presented) expected to be paid in each of the next five fiscal years, and in the aggregate for the five fiscal years thereafter. The expected benefits shall be estimated based on the same assumptions used to measure the entity's benefit obligation at the end of the year and shall include benefits attributable to estimated future employee service.
  7. g
    The employer's best estimate, as soon as it can reasonably be determined, of contributions expected to be paid to the plan during the next fiscal year beginning after the date of the latest statement of financial position presented. Estimated contributions may be presented in the aggregate combining all of the following:
    1. 1
      Contributions required by funding regulations or laws
    2. 2
      Discretionary contributions
    3. 3
      Noncash contributions.
  8. h
    The amount of net benefit cost recognized, showing separately all of the following:
    1. 1
      The service cost component
    2. 2
      The interest cost component
    3. 3
      The expected return on plan assets for the period
    4. 4
      The gain or loss component
    5. 5
      The prior service cost or credit component
    6. 6
      The transition asset or obligation component
    7. 7
      The gain or loss recognized due to settlements or curtailments.
    The line item(s) used in the income statement to present the components other than the service cost component shall be disclosed if the other components are not presented in a separate line item or items in the income statement.
  9. i
    Separately the net gain or loss and net prior service cost or credit recognized in other comprehensive income for the period pursuant to paragraphs 715-30-35-11, 715-30-35-21, 715-60-35-16, and 715-60-35-25, and reclassification adjustments of other comprehensive income for the period, as those amounts, including amortization of the net transition asset or obligation, are recognized as components of net periodic benefit cost.
  10. j
    The amounts in accumulated other comprehensive income that have not yet been recognized as components of net periodic benefit cost, showing separately the net gain or loss, net prior service cost or credit, and net transition asset or obligation.
  11. k
    On a weighted-average basis, all of the following assumptions used in the accounting for the plans, specifying in a tabular format, the assumptions used to determine the benefit obligation and the assumptions used to determine net benefit cost:
    1. 1
      Discount rates (see paragraph 715-30-35-45 for a discussion of representationally faithful disclosure)
    2. 2
      Rates of compensation increase (for pay-related plans)
    3. 3
      Expected long-term rates of return on plan assets.
    4. 4
      Interest crediting rates (for cash balance plans and other plans with promised interest crediting rates).
  12. l
    The assumed health care cost trend rate(s) for the next year used to measure the expected cost of benefits covered by the plan (gross eligible charges), and a general description of the direction and pattern of change in the assumed trend rates thereafter, together with the ultimate trend rate(s) and when that rate is expected to be achieved.
  13. m
    Subparagraph superseded by Accounting Standards Update No. 2018-14.
  14. n
    If applicable, the amounts and types of securities of the employer and related parties included in plan assets.
  15. o
    If applicable, any alternative method used to amortize prior service amounts or net gains and losses pursuant to paragraphs 715-30-35-13 and 715-30-35-25 or 715-60-35-18 and 715-60-35-31.
  16. p
    If applicable, any substantive commitment, such as past practice or a history of regular benefit increases, used as the basis for accounting for the benefit obligation.
  17. q
    If applicable, the cost of providing special or contractual termination benefits recognized during the period and a description of the nature of the event.
  18. r
    An explanation of the following information:
    1. 1
      The reasons for significant gains and losses related to changes in the defined benefit obligation for the period
    2. 2
      Any other significant change in the benefit obligation or plan assets not otherwise apparent in the other disclosures required by this Subtopic.
  19. s
    Subparagraph superseded by Accounting Standards Update No. 2018-14.
  20. t
    Subparagraph superseded by Accounting Standards Update No. 2018-14.
  21. u
    If applicable, the accounting policy election to measure plan assets and benefit obligations using the month-end that is closest to the employer's fiscal year-end in accordance with paragraph 715-30-35-63A or 715-60-35-123A and the month-end measurement date.
Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:
220-40-65-1An employer that sponsors one or more defined benefit pension plans or one or more defined benefit other postretirement plans shall provide the following information, separately for pension plans and other postretirement benefit plans. Amounts related to the employer's results of operations shall be disclosed for each period for which a statement of income is presented. Amounts related to the employer's statement of financial position shall be disclosed as of the date of each statement of financial position presented. All of the following shall be disclosed:
  1. a
    A reconciliation of beginning and ending balances of the benefit obligation showing separately, if applicable, the effects during the period attributable to each of the following:
    1. 1
      Service cost
    2. 2
      Interest cost
    3. 3
      Contributions by plan participants
    4. 4
      Actuarial gains and losses
    5. 5
      Foreign currency exchange rate changes (The effects of foreign currency exchange rate changes that are to be disclosed are those applicable to plans of a foreign operation whose functional currency is not the reporting currency pursuant to Section 830-10-45.)
    6. 6
      Benefits paid
    7. 7
      Plan amendments
    8. 8
      Business combinations
    9. 9
      Divestitures
    10. 10
      Curtailments, settlements, and special and contractual termination benefits.
    For defined benefit pension plans, the benefit obligation is the projected benefit obligation. For defined benefit other postretirement plans, the benefit obligation is the accumulated postretirement benefit obligation.
  2. b
    A reconciliation of beginning and ending balances of the fair value of plan assets showing separately, if applicable, the effects during the period attributable to each of the following:
    1. 1
      Actual return on plan assets
    2. 2
      Foreign currency exchange rate changes (see (a)(5))
    3. 3
      Contributions by the employer
    4. 4
      Contributions by plan participants
    5. 5
      Benefits paid
    6. 6
      Business combinations
    7. 7
      Divestitures
    8. 8
      Settlements.
  3. c
    The funded status of the plans and the amounts recognized in the statement of financial position, showing separately the assets and current and noncurrent liabilities recognized.
  4. d
    The objectives of the disclosures about postretirement benefit plan assets are to provide users of financial statements with an understanding of:
    1. 1
      How investment allocation decisions are made, including the factors that are pertinent to an understanding of investment policies and strategies
    2. 2
      The classes of plan assets
    3. 3
      The inputs and valuation techniques used to measure the fair value of plan assets
    4. 4
      The effect of fair value measurements using significant unobservable inputs (Level 3) on changes in plan assets for the period
    5. 5
      Significant concentrations of risk within plan assets.
      An employer shall consider those overall objectives in providing the following information about plan assets:
      1. i
        A narrative description of investment policies and strategies, including target allocation percentages or range of percentages considering the classes of plan assets disclosed pursuant to (ii) below, as of the latest statement of financial position presented (on a weighted-average basis for employers with more than one plan), and other factors that are pertinent to an understanding of those policies and strategies such as investment goals, risk management practices, permitted and prohibited investments including the use of derivatives, diversification, and the relationship between plan assets and benefit obligations. For investment funds disclosed as classes as described in (ii) below, a description of the significant investment strategies of those funds shall be provided.
      2. ii
        The fair value of each class of plan assets as of each date for which a statement of financial position is presented. For additional guidance on determining appropriate classes of plan assets, see paragraph 820-10-50-2B. Examples of classes of assets could include, but are not limited to, the following: cash and cash equivalents; equity securities (segregated by industry type, company size, or investment objective); debt securities issued by national, state, and local governments; corporate debt securities; asset-backed securities; structured debt; derivatives on a gross basis (segregated by type of underlying risk in the contract, for example, interest rate contracts, foreign exchange contracts, equity contracts, commodity contracts, credit contracts, and other contracts); investment funds (segregated by type of fund); and real estate. Those examples are not meant to be all inclusive. An employer should consider the overall objectives in paragraph 715-20-50-1(d)(1) through (5) in determining whether additional classes of plan assets or further disaggregation of classes should be disclosed. If an employer determines the measurement date of plan assets in accordance with paragraph 715-30-35-63A or 715-60-35-123A and the employer contributes assets to the plan between the measurement date and its fiscal year-end, the employer shall not adjust the fair value of each class of plan assets for the effects of the contribution. Instead, the employer shall disclose the amount of the contribution to permit reconciliation of the total fair value of all the classes of plan assets to the ending balance of the fair value of plan assets. For example, the contribution could be disclosed as follows:
        • Fair Value Measurements at \"February 3, 20X5 (in thousands)\" Asset Class Total \"Quoted Prices in Active Markets for Identical Assets (Level 1)\" \"Significant Observable Inputs (Level 2)\" \"Significant Unobservable Inputs (Level 3)\" Cash \" $14,770 \" \" $14,770 \" $- $- Equity securities: U.S. companies \" 41,200 \" \" 37,000 \" \" 1,200 \" \" 3,000 \" International companies \" 32,900 \" \" 24,000 \" \" 7,600 \" \" 1,300 \" Mortgage-backed securities \" 13,335 \" - \" 12,780 \" 555 Assets at fair value at measurement date of 1/31/20X5 \" 102,205 \" \" $75,770 \" \" $21,580 \" \" $4,855 \" Contributions after measurement date \" 25,000 \" Total assets reported at 2/3/20X5 \" $127,205 \"
      3. iii
        A narrative description of the basis used to determine the overall expected long-term rate-of-return-on-assets assumption, such as the general approach used, the extent to which the overall rate-of-return-on-assets assumption was based on historical returns, the extent to which adjustments were made to those historical returns in order to reflect expectations of future returns, and how those adjustments were determined. The description should consider the classes of assets as described in (ii) above, as appropriate.
      4. iv
        Information that enables users of financial statements to assess the inputs and valuation techniques used to develop fair value measurements of plan assets at the reporting date. For fair value measurements using significant unobservable inputs, an employer shall disclose the effect of the measurements on changes in plan assets for the period. To meet those objectives, the employer shall disclose the following information for each class of plan assets disclosed pursuant to (ii) above for each annual period:
        1. 01
          The level of the fair value hierarchy within which the fair value measurements are categorized in their entirety, segregating fair value measurements using quoted prices in active markets for identical assets or liabilities (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). The guidance in paragraphs 820-10-35-37 through 35-37A is applicable. Investments for which fair value is measured using the net asset value per share (or its equivalent) practical expedient in paragraph 820-10-35-59 shall not be categorized within the fair value hierarchy, as noted by paragraph 820-10-35-54B. If an employer determines the measurement date of plan assets in accordance with paragraph 715-30-35-63A or 715-60-35-123A and the employer contributes assets to the plan between the measurement date and its fiscal year-end, the employer shall not adjust the fair value of each class of plan assets for the effects of the contribution. Instead, the employer shall disclose the amount of the contribution to permit reconciliation of the total fair value of all plan assets in the fair value hierarchy to the ending balance of the fair value of plan assets. For example, the contribution could be disclosed as follows:
          • Fair Value Measurements at \"February 3, 20X5 (in thousands)\" Asset Class Total \"Quoted Prices in Active Markets for Identical Assets (Level 1)\" \"Significant Observable Inputs (Level 2)\" \"Significant Unobservable Inputs (Level 3)\" Cash \" $14,770 \" \" $14,770 \" $- $- Equity securities: U.S. companies \" 41,200 \" \" 37,000 \" \" 1,200 \" \" 3,000 \" International companies \" 32,900 \" \" 24,000 \" \" 7,600 \" \" 1,300 \" Mortgage-backed securities \" 13,335 \" - \" 12,780 \" 555 Assets at fair value at measurement date of 1/31/20X5 \" 102,205 \" \" $75,770 \" \" $21,580 \" \" $4,855 \" Contributions after measurement date \" 25,000 \" Total assets reported at 2/3/20X5 \" $127,205 \"
        2. 02
          For fair value measurements of plan assets using significant unobservable inputs (Level 3), a reconciliation from the opening balances to the closing balances, disclosing separately changes during the period attributable to the following:
          1. A
            Actual Return on Plan Assets (Component of Net Periodic Postretirement Benefit Cost) or Actual Return on Plan Assets (Component of Net Periodic Pension Cost), separately identifying the amount related to assets still held at the reporting date and the amount related to assets sold during the period
          2. B
            Purchases, sales, and settlements, net
          3. C
            The amounts of any transfers into or out of Level 3 (for example, transfers due to changes in the observability of significant inputs).
        3. 03
          Information about the valuation technique(s) and inputs used to measure fair value and a discussion of changes in valuation techniques and inputs, if any, during the period.
  5. e
    For defined benefit pension plans, the accumulated benefit obligation.
  6. f
    The benefits (as of the date of the latest statement of financial position presented) expected to be paid in each of the next five fiscal years, and in the aggregate for the five fiscal years thereafter. The expected benefits shall be estimated based on the same assumptions used to measure the entity's benefit obligation at the end of the year and shall include benefits attributable to estimated future employee service.
  7. g
    The employer's best estimate, as soon as it can reasonably be determined, of contributions expected to be paid to the plan during the next fiscal year beginning after the date of the latest statement of financial position presented. Estimated contributions may be presented in the aggregate combining all of the following:
    1. 1
      Contributions required by funding regulations or laws
    2. 2
      Discretionary contributions
    3. 3
      Noncash contributions.
  8. h
    The amount of net benefit cost recognized, showing separately all of the following:
    1. 1
      The service cost component
    2. 2
      The interest cost component
    3. 3
      The expected return on plan assets for the period
    4. 4
      The gain or loss component
    5. 5
      The prior service cost or credit component
    6. 6
      The transition asset or obligation component
    7. 7
      The gain or loss recognized due to settlements or curtailments.
    The line item(s) used in the income statement to present the components other than the service cost component shall be disclosed if the other components are not presented in a separate line item or items in the income statement. See paragraphs
    220-40-50-21 through 50-25
    for additional disclosure requirements.
  9. i
    Separately the net gain or loss and net prior service cost or credit recognized in other comprehensive income for the period pursuant to paragraphs 715-30-35-11, 715-30-35-21, 715-60-35-16, and 715-60-35-25, and reclassification adjustments of other comprehensive income for the period, as those amounts, including amortization of the net transition asset or obligation, are recognized as components of net periodic benefit cost.
  10. j
    The amounts in accumulated other comprehensive income that have not yet been recognized as components of net periodic benefit cost, showing separately the net gain or loss, net prior service cost or credit, and net transition asset or obligation.
  11. k
    On a weighted-average basis, all of the following assumptions used in the accounting for the plans, specifying in a tabular format, the assumptions used to determine the benefit obligation and the assumptions used to determine net benefit cost:
    1. 1
      Discount rates (see paragraph 715-30-35-45 for a discussion of representationally faithful disclosure)
    2. 2
      Rates of compensation increase (for pay-related plans)
    3. 3
      Expected long-term rates of return on plan assets.
    4. 4
      Interest crediting rates (for cash balance plans and other plans with promised interest crediting rates).
  12. l
    The assumed health care cost trend rate(s) for the next year used to measure the expected cost of benefits covered by the plan (gross eligible charges), and a general description of the direction and pattern of change in the assumed trend rates thereafter, together with the ultimate trend rate(s) and when that rate is expected to be achieved.
  13. m
    Subparagraph superseded by Accounting Standards Update No. 2018-14.
  14. n
    If applicable, the amounts and types of securities of the employer and related parties included in plan assets.
  15. o
    If applicable, any alternative method used to amortize prior service amounts or net gains and losses pursuant to paragraphs 715-30-35-13 and 715-30-35-25 or 715-60-35-18 and 715-60-35-31.
  16. p
    If applicable, any substantive commitment, such as past practice or a history of regular benefit increases, used as the basis for accounting for the benefit obligation.
  17. q
    If applicable, the cost of providing special or contractual termination benefits recognized during the period and a description of the nature of the event.
  18. r
    An explanation of the following information:
    1. 1
      The reasons for significant gains and losses related to changes in the defined benefit obligation for the period
    2. 2
      Any other significant change in the benefit obligation or plan assets not otherwise apparent in the other disclosures required by this Subtopic.
  19. s
    Subparagraph superseded by Accounting Standards Update No. 2018-14.
  20. t
    Subparagraph superseded by Accounting Standards Update No. 2018-14.
  21. u
    If applicable, the accounting policy election to measure plan assets and benefit obligations using the month-end that is closest to the employer's fiscal year-end in accordance with paragraph 715-30-35-63A or 715-60-35-123A and the month-end measurement date.
","snippet":"An employer that sponsors one or more defined benefit pension plans or one or more defined benefit other postretirement plans shall provide the following information, separately for pension plans and other postretirement…","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0a295322a9b0ea8e405aa4bfe93024c83784a671e2ac7c11a9f6d1b10e712188","downloaded_from":"2026-09-10T00:59:19.746Z","last_downloaded_at":"2026-09-10T00:59:19.746Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480506","source_sha256":"31788da1351e77802ef41e46475e46fb5463b0927ca66427bd48862730a40284"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e0eb883438ada956786ed95a7a74b107e83742cd54e61ec7c9df49c1fd5419b9","downloaded_from":"2026-09-10T00:59:19.746Z","last_downloaded_at":"2026-09-10T00:59:19.746Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480506","source_sha256":"31788da1351e77802ef41e46475e46fb5463b0927ca66427bd48862730a40284"}},{"block":null,"heading":"Entities (Public and Nonpublic) with Two or More Plans","paragraphs":[{"citation":"715-20-50-2","para":"50-2","html":"
The disclosures required by this Subtopic shall be aggregated for all of an employer's defined benefit pension plans and for all of an employer's other defined benefit postretirement plans unless disaggregating in groups is considered to provide useful information or is otherwise required by the following paragraph and paragraph 715-20-50-4.
","snippet":"The disclosures required by this Subtopic shall be aggregated for all of an employer's defined benefit pension plans and for all of an employer's other defined benefit postretirement plans unless disaggregating in groups…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1f1e7308a51044228328187deb8bd4c94cda626410e46198d4c815e58fbf007b","downloaded_from":"2026-09-10T00:59:19.746Z","last_downloaded_at":"2026-09-10T00:59:19.746Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480506","source_sha256":"31788da1351e77802ef41e46475e46fb5463b0927ca66427bd48862730a40284"}},{"citation":"715-20-50-3","para":"50-3","html":"
If aggregate disclosures are presented, an employer shall disclose, as of the date of each statement of financial position presented, both of the following:
  1. a
    For pension plans, the projected benefit obligation and fair value of plan assets for plans with projected benefit obligations in excess of plan assets, and the accumulated benefit obligation and fair value of plan assets for plans with accumulated benefit obligations in excess of plan assets
  2. b
    For other postretirement benefit plans, the accumulated postretirement benefit obligation and fair value of plan assets for plans with accumulated postretirement benefit obligations in excess of plan assets.
","snippet":"If aggregate disclosures are presented, an employer shall disclose, as of the date of each statement of financial position presented, both of the following:\n(a) For pension plans, the projected benefit obligation and fai…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:198c05edc705d3cbbec806d1997ba09b0345e51754aaeb5de7ed4eca0ffaa6aa","downloaded_from":"2026-09-10T00:59:19.746Z","last_downloaded_at":"2026-09-10T00:59:19.746Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480506","source_sha256":"31788da1351e77802ef41e46475e46fb5463b0927ca66427bd48862730a40284"}},{"citation":"715-20-50-4","para":"50-4","html":"
A U.S. reporting entity may combine disclosures about pension plans or other postretirement benefit plans outside the United States with those for U.S. plans unless the benefit obligations of the plans outside the United States are significant relative to the total benefit obligation and those plans use significantly different assumptions. A foreign reporting entity that prepares financial statements in conformity with U.S. generally accepted accounting principles (GAAP) shall apply the preceding guidance to its domestic and foreign plans.
","snippet":"A U.S. reporting entity may combine disclosures about pension plans or other postretirement benefit plans outside the United States with those for U.S. plans unless the benefit obligations of the plans outside the United…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3fbd08059b45898864701b00f1055ef993dc82cbe244d107057860aadb836304","downloaded_from":"2026-09-10T00:59:19.746Z","last_downloaded_at":"2026-09-10T00:59:19.746Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480506","source_sha256":"31788da1351e77802ef41e46475e46fb5463b0927ca66427bd48862730a40284"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:814a9fa3dc9ecb5978989339482aec582add69bf7d306346db67b7fb307d89d9","downloaded_from":"2026-09-10T00:59:19.746Z","last_downloaded_at":"2026-09-10T00:59:19.746Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480506","source_sha256":"31788da1351e77802ef41e46475e46fb5463b0927ca66427bd48862730a40284"}},{"block":null,"heading":"Disclosures by Nonpublic Entities","paragraphs":[{"citation":"715-20-50-5","para":"50-5","html":"
A nonpublic entity is not required to disclose the information required by paragraph 715-20-50-1(a) through (c), 715-20-50-1(h), 715-20-50-1(o) through (q), and 715-20-50-1(r)(2). A nonpublic entity that sponsors one or more defined benefit pension plans or one or more other defined benefit postretirement plans shall provide all of the following information, separately for pension plans and other postretirement benefit plans. Amounts related to the employer's results of operations shall be disclosed for each period for which a statement of income is presented. Amounts related to the employer's statement of financial position shall be disclosed as of the date of each statement of financial position presented.
  1. a
    The benefit obligation, fair value of plan assets, and funded status of the plan.
  2. b
    Employer contributions, participant contributions, and benefits paid.
  3. c
    The objectives of the disclosures about postretirement benefit plan assets are to provide users of financial statements with an understanding of:
    1. 1
      How investment allocation decisions are made, including the factors that are pertinent to an understanding of investment policies and strategies
    2. 2
      The classes of plan assets
    3. 3
      The inputs and valuation techniques used to measure the fair value of plan assets
    4. 4
      The effect of fair value measurements using significant unobservable inputs (Level 3) on changes in plan assets for the period
    5. 5
      Significant concentrations of risk within plan assets.
      An employer shall consider those overall objectives in providing the following information about plan assets:
      1. i
        A narrative description of investment policies and strategies, including target allocation percentages or range of percentages considering the classes of plan assets disclosed pursuant to (ii) below, as of the latest statement of financial position presented (on a weighted-average basis for employers with more than one plan), and other factors that are pertinent to an understanding of those policies and strategies such as investment goals, risk management practices, permitted and prohibited investments including the use of derivatives, diversification, and the relationship between plan assets and benefit obligations. For investment funds disclosed as classes as described in (ii) below, a description of the significant investment strategies of those funds shall be provided.
      2. ii
        The fair value of each class of plan assets as of each date for which a statement of financial position is presented. For additional guidance on determining appropriate classes of plan assets, see paragraph 820-10-50-2B. Examples of classes of assets could include, but are not limited to, the following: cash and cash equivalents; equity securities (segregated by industry type, company size, or investment objective); debt securities issued by national, state, and local governments; corporate debt securities; asset-backed securities; structured debt; derivatives on a gross basis (segregated by type of underlying risk in the contract, for example, interest rate contracts, foreign exchange contracts, equity contracts, commodity contracts, credit contracts, and other contracts); investment funds (segregated by type of fund); and real estate. Those examples are not meant to be all inclusive. An employer should consider the overall objectives in paragraph 715-20-50-5(c)(1) through (5) in determining whether additional classes of plan assets or further disaggregation of classes should be disclosed. If an employer determines the measurement date of plan assets in accordance with paragraph 715-30-35-63A or 715-60-35-123A and the employer contributes assets to the plan between the measurement date and its fiscal year-end, the employer shall not adjust the fair value of each class of plan assets for the effects of the contribution. Instead, the employer shall disclose the amount of the contribution to permit reconciliation of the total fair value of all the classes of plan assets to the ending balance of the fair value of plan assets. For example, the contribution could be disclosed as follows:
        • Fair Value Measurements at \"February 3, 20X5 (in thousands)\" Asset Class Total \"Quoted Prices in Active Markets for Identical Assets (Level 1)\" \"Significant Observable Inputs (Level 2)\" \"Significant Unobservable Inputs (Level 3)\" Cash \" $14,770 \" \" $14,770 \" $- $- Equity securities: U.S. companies \" 41,200 \" \" 37,000 \" \" 1,200 \" \" 3,000 \" International companies \" 32,900 \" \" 24,000 \" \" 7,600 \" \" 1,300 \" Mortgage-backed securities \" 13,335 \" - \" 12,780 \" 555 Assets at fair value at measurement date of 1/31/20X5 \" 102,205 \" \" $75,770 \" \" $21,580 \" \" $4,855 \" Contributions after measurement date \" 25,000 \" Total assets reported at 2/3/20X5 \" $127,205 \"
      3. iii
        A narrative description of the basis used to determine the overall expected long-term rate-of-return-on-assets assumption, such as the general approach used, the extent to which the overall rate-of-return-on-assets assumption was based on historical returns, the extent to which adjustments were made to those historical returns in order to reflect expectations of future returns, and how those adjustments were determined. The description should consider the classes of assets described in (ii) above, as appropriate.
      4. iv
        Information that enables users of financial statements to assess the inputs and valuation techniques used to develop fair value measurements of plan assets at the reporting date. For fair value measurements using significant unobservable inputs, an employer shall disclose the effect of the measurements on changes in plan assets for the period. To meet those objectives, the employer shall disclose the following information for each class of plan assets disclosed pursuant to (ii) above for each annual period:
        1. 01
          The level of the fair value hierarchy within which the fair value measurements are categorized in their entirety, segregating fair value measurements using quoted prices in active markets for identical assets or liabilities (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). The guidance in paragraphs 820-10-35-37 through 35-37A is applicable. Investments for which fair value is measured using the net asset value per share (or its equivalent) practical expedient in paragraph 820-10-35-59 shall not be categorized within the fair value hierarchy, as noted by paragraph 820-10-35-54B. If an employer determines the measurement date of plan assets in accordance with paragraph 715-30-35-63A or 715-60-35-123A and the employer contributes assets to the plan between the measurement date and its fiscal year-end, the employer shall not adjust the fair value of each class of plan assets for the effects of the contribution. Instead, the employer shall disclose the amount of the contribution to permit reconciliation of the total fair value of all plan assets in the fair value hierarchy to the ending balance of the fair value of plan assets. For example, the contribution could be disclosed as follows:
          • Fair Value Measurements at \"February 3, 20X5 (in thousands)\" Asset Class Total \"Quoted Prices in Active Markets for Identical Assets (Level 1)\" \"Significant Observable Inputs (Level 2)\" \"Significant Unobservable Inputs (Level 3)\" Cash \" $14,770 \" \" $14,770 \" $- $- Equity securities: U.S. companies \" 41,200 \" \" 37,000 \" \" 1,200 \" \" 3,000 \" International companies \" 32,900 \" \" 24,000 \" \" 7,600 \" \" 1,300 \" Mortgage-backed securities \" 13,335 \" - \" 12,780 \" 555 Assets at fair value at measurement date of 1/31/20X5 \" 102,205 \" \" $75,770 \" \" $21,580 \" \" $4,855 \" Contributions after measurement date \" 25,000 \" Total assets reported at 2/3/20X5 \" $127,205 \"
        2. 02
          For fair value measurements of plan assets using significant unobservable inputs (Level 3), the amounts of purchases and any transfers into or out of Level 3 (for example, transfers due to changes in the observability of significant inputs), disclosed separately.
          1. A
            Subparagraph superseded by Accounting Standards Update No. 2018-14.
          2. B
            Subparagraph superseded by Accounting Standards Update No. 2018-14.
          3. C
            Subparagraph superseded by Accounting Standards Update No. 2018-14.
        3. 03
          Information about the valuation technique(s) and inputs used to measure fair value and a discussion of changes in valuation techniques and inputs, if any, during the period.
  4. d
    For defined benefit pension plans, the accumulated benefit obligation.
  5. e
    The benefits (as of the date of the latest statement of financial position presented) expected to be paid in each of the next five fiscal years, and in the aggregate for the five fiscal years thereafter. The expected benefits shall be estimated based on the same assumptions used to measure the entity's benefit obligation at the end of the year and shall include benefits attributable to estimated future employee service.
  6. f
    The employer's best estimate, as soon as it can reasonably be determined, of contributions expected to be paid to the plan during the next fiscal year beginning after the date of the latest statement of financial position presented. Estimated contributions may be presented in the aggregate combining any of the following:
    1. 1
      Contributions required by funding regulations or laws
    2. 2
      Discretionary contributions
    3. 3
      Noncash contributions.
  7. g
    The amounts recognized in the statements of financial position, showing separately the postretirement benefit assets and current and noncurrent postretirement benefit liabilities.
  8. h
    Separately, the net gain or loss and net prior service cost or credit recognized in other comprehensive income for the period pursuant to paragraphs 715-30-35-11, 715-30-35-21, 715-60-35-16, and 715-60-35-25 and reclassification adjustments of other comprehensive income for the period, as those amounts, including amortization of the net transition asset or obligation, are recognized as components of net periodic benefit cost.
  9. i
    The amounts in accumulated other comprehensive income that have not yet been recognized as components of net periodic benefit cost, showing separately the net gain or loss, net prior service cost or credit, and net transition asset or obligation.
  10. j
    On a weighted-average basis, all of the following assumptions used in the accounting for the plans, specifying in a tabular format, the assumptions used to determine the benefit obligation and the assumptions used to determine net benefit cost:
    1. 1
      Discount rates (see paragraph 715-30-35-45 for a discussion of representationally faithful disclosure)
    2. 2
      Rates of compensation increase (for pay-related plans)
    3. 3
      Expected long-term rates of return on plan assets.
    4. 4
      Interest crediting rates (for cash balance plans and other plans with promised interest crediting rates).
  11. k
    The assumed health care cost trend rate(s) for the next year used to measure the expected cost of benefits covered by the plan (gross eligible charges), and a general description of the direction and pattern of change in the assumed trend rates thereafter, together with the ultimate trend rate(s) and when that rate is expected to be achieved.
  12. l
    If applicable, the amounts and types of securities of the employer and related parties included in plan assets.
  13. m
    The nature and effect of significant nonroutine events, such as amendments, combinations, divestitures, curtailments, and settlements.
  14. n
    Subparagraph superseded by Accounting Standards Update No. 2018-14.
  15. o
    Subparagraph superseded by Accounting Standards Update No. 2018-14.
  16. p
    If applicable, the accounting policy election to measure plan assets and benefit obligations using the month-end that is closest to the employer's fiscal year-end in accordance with paragraph 715-30-35-63A or 715-60-35-123A and the month-end measurement date.
  17. q
    The amount of net periodic benefit cost recognized. In addition, if the components other than the service cost component are not presented in a separate line item or items in the income statement, the amount of the other components and the line item(s) used in the income statement to present them shall be disclosed.
  18. r
    An explanation of the reasons for significant gains and losses related to changes in the benefit obligation for the period.
","snippet":"A nonpublic entity is not required to disclose the information required by paragraph 715-20-50-1(a) through (c), 715-20-50-1(h), 715-20-50-1(o) through (q), and 715-20-50-1(r)(2). A nonpublic entity that sponsors one or …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:29f7694bb12a4ee36edb1122f387fde8b08751a351a221f82fc41b0746bfaff9","downloaded_from":"2026-09-10T00:59:19.746Z","last_downloaded_at":"2026-09-10T00:59:19.746Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480506","source_sha256":"31788da1351e77802ef41e46475e46fb5463b0927ca66427bd48862730a40284"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:825e117c092b90c96c89e136d0ce46c4d2005e816a419b7238959e21a233e270","downloaded_from":"2026-09-10T00:59:19.746Z","last_downloaded_at":"2026-09-10T00:59:19.746Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480506","source_sha256":"31788da1351e77802ef41e46475e46fb5463b0927ca66427bd48862730a40284"}},{"block":null,"heading":"Interim Disclosure Requirements for Publicly Traded Entities","paragraphs":[{"citation":"715-20-50-6","para":"50-6","html":"
A publicly traded entity shall disclose the following information for its interim financial statements that include a statement of income:
  1. a
    The amount of net benefit cost recognized, for each period for which a statement of income is presented, showing separately each of the following:
    1. 1
      The service cost component
    2. 2
      The interest cost component
    3. 3
      The expected return on plan assets for the period
    4. 4
      The gain or loss component
    5. 5
      The prior service cost or credit component
    6. 6
      The transition asset or obligation component
    7. 7
      The gain or loss recognized due to a settlement or curtailment.
    The line item(s) used in the income statement to present the components other than the service cost component shall be disclosed if the other components are not presented in a separate line item or items in the income statement.
  2. b
    The total amount of the employer's contributions paid, and expected to be paid, during the current fiscal year, if significantly different from amounts previously disclosed pursuant to paragraph 715-20-50-1(g). Estimated contributions may be presented in the aggregate combining all of the following:
    1. 1
      Contributions required by funding regulations or laws
    2. 2
      Discretionary contributions
    3. 3
      Noncash contributions.
","snippet":"A publicly traded entity shall disclose the following information for its interim financial statements that include a statement of income:\n(a) The amount of net benefit cost recognized, for each period for which a statem…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2b3f5a67c59fd60377bc8a6a796d9642d176aec4a0db58c557212ebdd7082b67","downloaded_from":"2026-09-10T00:59:19.746Z","last_downloaded_at":"2026-09-10T00:59:19.746Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480506","source_sha256":"31788da1351e77802ef41e46475e46fb5463b0927ca66427bd48862730a40284"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1cf929e42fd615086d5f5f201b6540dcb372b18dcb34d9a661a706547255ad4f","downloaded_from":"2026-09-10T00:59:19.746Z","last_downloaded_at":"2026-09-10T00:59:19.746Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480506","source_sha256":"31788da1351e77802ef41e46475e46fb5463b0927ca66427bd48862730a40284"}},{"block":null,"heading":"Interim Disclosure Requirements for Nonpublic Entities","paragraphs":[{"citation":"715-20-50-7","para":"50-7","html":"
A nonpublic entity shall disclose in interim periods for which a complete set of financial statements is presented the total amount of the employer's contributions paid, and expected to be paid, during the current fiscal year, if significantly different from amounts previously disclosed pursuant to paragraph 715-20-50-5(f). Estimated contributions may be presented in the aggregate combining all of the following:
  1. a
    Contributions required by funding regulations or laws
  2. b
    Discretionary contributions
  3. c
    Noncash contributions.
","snippet":"A nonpublic entity shall disclose in interim periods for which a complete set of financial statements is presented the total amount of the employer's contributions paid, and expected to be paid, during the current fiscal…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0ed1c449a5bde334a2c2bf6e3bde37471fa85c674c04d7504519e14a5440acd3","downloaded_from":"2026-09-10T00:59:19.746Z","last_downloaded_at":"2026-09-10T00:59:19.746Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480506","source_sha256":"31788da1351e77802ef41e46475e46fb5463b0927ca66427bd48862730a40284"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:6bbefc1016f1ed4122fa67342c95dc746729006d3225b6b3501c770f260d576d","downloaded_from":"2026-09-10T00:59:19.746Z","last_downloaded_at":"2026-09-10T00:59:19.746Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480506","source_sha256":"31788da1351e77802ef41e46475e46fb5463b0927ca66427bd48862730a40284"}},{"block":null,"heading":"Disclosures Related to Expected Rate of Return on Plan Assets","paragraphs":[{"citation":"715-20-50-8","para":"50-8","html":"
The weighted-average expected long-term rate of return on plan assets is used to determine net benefit cost, and, therefore, in the absence of a subsequent interim measurement of both pension or other postretirement plan assets and obligations (see paragraph 715-30-35-68), the disclosed rate is the rate determined as of the beginning of the year. However, if that rate changes because of a subsequent interim measurement of both pension or other postretirement plan assets and obligations, disclosure of the beginning and more recently assumed rate, or a properly weighted combination of the two, shall be made.
","snippet":"The weighted-average expected long-term rate of return on plan assets is used to determine net benefit cost, and, therefore, in the absence of a subsequent interim measurement of both pension or other postretirement plan…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c63b7a9ad3b61b96da8e2b5f67c37d946fae2f3a6a6a7271ed341f90bb22b9ce","downloaded_from":"2026-09-10T00:59:19.746Z","last_downloaded_at":"2026-09-10T00:59:19.746Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480506","source_sha256":"31788da1351e77802ef41e46475e46fb5463b0927ca66427bd48862730a40284"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1896aa69713463a892fad588ce14a31ddea2336071effdae44a8e2c3de19d3a5","downloaded_from":"2026-09-10T00:59:19.746Z","last_downloaded_at":"2026-09-10T00:59:19.746Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480506","source_sha256":"31788da1351e77802ef41e46475e46fb5463b0927ca66427bd48862730a40284"}},{"block":null,"heading":"Disclosures Related to Japanese Governmental Settlement Transactions","paragraphs":[{"citation":"715-20-50-9","para":"50-9","html":"
Paragraph superseded by Accounting Standards Update No. 2018-14
","snippet":"Paragraph superseded by Accounting Standards Update No. 2018-14","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ae5b1de80211f847f94275060b3e4c73ae1c4c44ce35541ad302b21e9e127b9b","downloaded_from":"2026-09-10T00:59:19.746Z","last_downloaded_at":"2026-09-10T00:59:19.746Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480506","source_sha256":"31788da1351e77802ef41e46475e46fb5463b0927ca66427bd48862730a40284"}},{"citation":"715-20-50-10","para":"50-10","html":"
Paragraph superseded by Accounting Standards Update No. 2018-14
","snippet":"Paragraph superseded by Accounting Standards Update No. 2018-14","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:cfadc407ffcc8608287324d208678cde8c9127b2fcd28503641c3db4be88f855","downloaded_from":"2026-09-10T00:59:19.746Z","last_downloaded_at":"2026-09-10T00:59:19.746Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480506","source_sha256":"31788da1351e77802ef41e46475e46fb5463b0927ca66427bd48862730a40284"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b1b1cc756ca109422c92426d1caccaf8fbe3fe93be0c198779287f667df776a3","downloaded_from":"2026-09-10T00:59:19.746Z","last_downloaded_at":"2026-09-10T00:59:19.746Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480506","source_sha256":"31788da1351e77802ef41e46475e46fb5463b0927ca66427bd48862730a40284"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:5a7c5d70b06b3849a944203290b938174abba6b9b9fc26bb362b3c2b19caf05e","downloaded_from":"2026-09-10T00:59:19.746Z","last_downloaded_at":"2026-09-10T00:59:19.746Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480506","source_sha256":"31788da1351e77802ef41e46475e46fb5463b0927ca66427bd48862730a40284"}},{"number":"55","label":"55 Implementation Guidance and Illustrations","anchor":"55-implementation-guidance-and-illustrations","is_sec":false,"groups":[{"block":null,"heading":"Implementation Guidance","paragraphs":[{"citation":"715-20-55-1","para":"55-1","html":"
An employer's disclosure of the weighted average of the assumed discount rates for its other postretirement benefit obligation may not necessarily be the same as that disclosed for its pension benefit obligation. Even if the assumed discount rates are the same, the weighted average of those rates that is disclosed for the other postretirement benefit obligation may not be the same as that disclosed for the pension benefit obligation because the weighted average is influenced by the timing and pattern of benefits to be provided, which can differ between a pension and a postretirement benefit plan.
","snippet":"An employer's disclosure of the weighted average of the assumed discount rates for its other postretirement benefit obligation may not necessarily be the same as that disclosed for its pension benefit obligation. Even if…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:dc7f99bb925821cf02b9165fa277adea274c677cae9d66a046a24902ed294fec","downloaded_from":"2026-09-10T00:59:23.319Z","last_downloaded_at":"2026-09-10T00:59:23.319Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480482","source_sha256":"9b8d90258c74b91e3925668f1e8cb1edcb85c240cf013af94a04351f85df4830"}},{"citation":"715-20-55-2","para":"55-2","html":"
For example, pension benefits are usually paid in fixed amounts throughout retirement. On the other hand, postretirement health care benefits tend to increase during retirement because retirees generally require more health care services as they age, although the net cost to employers after retirees reach age 65 is reduced by Medicare. If, as a result of the expected cost of health care, the timing or pattern of postretirement benefits differs from that for pension benefits, that difference should be reflected in the weighting of the assumed discount rates.
","snippet":"For example, pension benefits are usually paid in fixed amounts throughout retirement. On the other hand, postretirement health care benefits tend to increase during retirement because retirees generally require more hea…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:19f57991b66383c46f9fa249b353490b68480234ef9ba5f7650f224a6c9e26f6","downloaded_from":"2026-09-10T00:59:23.319Z","last_downloaded_at":"2026-09-10T00:59:23.319Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480482","source_sha256":"9b8d90258c74b91e3925668f1e8cb1edcb85c240cf013af94a04351f85df4830"}},{"citation":"715-20-55-3","para":"55-3","html":"
The following provides implementation guidance for a business entity that sponsors a defined benefit postretirement plan.
Paragraphs
715-20-55-4 through 55-13
address both transition to and initial application of the accounting for a defined benefit pension plan.
","snippet":"The following provides implementation guidance for a business entity that sponsors a defined benefit postretirement plan. Paragraphs 715-20-55-4 through 55-13 address both transition to and initial application of the acc…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:623b97a93d363b74afb07618b71a9b45e939744038daacb60cac7a4a8aa8ee3e","downloaded_from":"2026-09-10T00:59:23.319Z","last_downloaded_at":"2026-09-10T00:59:23.319Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480482","source_sha256":"9b8d90258c74b91e3925668f1e8cb1edcb85c240cf013af94a04351f85df4830"}},{"citation":"715-20-55-4","para":"55-4","html":"
Certain assumptions, including benefit payments, employer contributions, and obligations settled, have not been included in this Section because those transactions are not affected by the provisions of this Subtopic. Therefore, the implementation guidance does not include all the assumptions necessary to reconcile between various stated assumptions or the beginning and ending balances of plan assets or benefit obligations.
","snippet":"Certain assumptions, including benefit payments, employer contributions, and obligations settled, have not been included in this Section because those transactions are not affected by the provisions of this Subtopic. The…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:5a06998cfc36fad7c4ce8f4e76879452aeed4b26e90688900cbd8cd224c9ba43","downloaded_from":"2026-09-10T00:59:23.319Z","last_downloaded_at":"2026-09-10T00:59:23.319Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480482","source_sha256":"9b8d90258c74b91e3925668f1e8cb1edcb85c240cf013af94a04351f85df4830"}},{"citation":"715-20-55-5","para":"55-5","html":"
Entity A adopts the recognition requirements of Section 715-30-25 and the disclosure requirements of Section 715-20-50 as of the end of its fiscal year (December 31, 2006). For simplicity, this guidance assumes that Entity A's annual report includes a statement of financial position and a statement of changes in stockholders' equity. An income statement is not presented in this Section because it is not affected by the recognition provisions of Section 715-30-25. Additionally, this guidance does not consider the effects on financial reporting for interim periods. In applying the recognition provisions of Section 715-30-25 for transition, Entity A adjusts the amounts recognized in the statement of financial position as of December 31, 2006, before application of that Section, so that gains or losses, prior service costs or credits, and the transition asset or obligation that have not yet been included in net periodic benefit cost as of December 31, 2006, are recognized as a component of the ending balance of accumulated other comprehensive income, net of tax (see paragraph 715-20-55-7). The adjustment is reported as an adjustment of the ending balance of accumulated other comprehensive income (see paragraph 715-20-55-10).
","snippet":"Entity A adopts the recognition requirements of Section 715-30-25 and the disclosure requirements of Section 715-20-50 as of the end of its fiscal year (December 31, 2006). For simplicity, this guidance assumes that Enti…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:399bf22eeb6167a46ac49001fd4dc51feed20498b67751a58ce5ca815d8df3f5","downloaded_from":"2026-09-10T00:59:23.319Z","last_downloaded_at":"2026-09-10T00:59:23.319Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480482","source_sha256":"9b8d90258c74b91e3925668f1e8cb1edcb85c240cf013af94a04351f85df4830"}},{"citation":"715-20-55-6","para":"55-6","html":"
The funded status of Entity A's defined benefit pension plan and the amounts not yet recognized as components of net periodic pension cost as of December 31, 2006, and December 31, 2007, are shown below. Entity A measures plan assets and benefit obligations as of the date of its financial statements. Prior to adopting the recognition provisions of Section 715-30-25, Entity A had a recognized liability of $45,000 at December 31, 2006, for the amount that past net periodic pension costs exceeded past contributions to the plan.
","snippet":"The funded status of Entity A's defined benefit pension plan and the amounts not yet recognized as components of net periodic pension cost as of December 31, 2006, and December 31, 2007, are shown below. Entity A measure…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:03d8f7a843a0542d379ba847d0ea669668bf6c538b7873626ae03a33ca400ca5","downloaded_from":"2026-09-10T00:59:23.319Z","last_downloaded_at":"2026-09-10T00:59:23.319Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480482","source_sha256":"9b8d90258c74b91e3925668f1e8cb1edcb85c240cf013af94a04351f85df4830"}},{"citation":"715-20-55-7","para":"55-7","html":"
At December 31, 2006, Entity A recognizes a liability for the underfunded status of its defined benefit pension plan and adjusts ending accumulated other comprehensive income, net of tax, for the transition obligation, prior service cost, and net loss that have not been recognized as a component of net periodic pension cost. The journal entry is as follows.
","snippet":"At December 31, 2006, Entity A recognizes a liability for the underfunded status of its defined benefit pension plan and adjusts ending accumulated other comprehensive income, net of tax, for the transition obligation, p…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3016d80d5b4c5b3dfb6f07efe72e984c970718196fb93594afdfdfe08f167946","downloaded_from":"2026-09-10T00:59:23.319Z","last_downloaded_at":"2026-09-10T00:59:23.319Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480482","source_sha256":"9b8d90258c74b91e3925668f1e8cb1edcb85c240cf013af94a04351f85df4830"}},{"citation":"715-20-55-8","para":"55-8","html":"
The following table illustrates the adjustments made to Entity A's statement of financial position for December 31, 2006. This illustration assumes that plan assets exceed the actuarial present value of benefits to be paid over the next fiscal year. Therefore, the entire liability for pension benefits is classified as a long-term liability.
","snippet":"The following table illustrates the adjustments made to Entity A's statement of financial position for December 31, 2006. This illustration assumes that plan assets exceed the actuarial present value of benefits to be pa…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:87a87b4023671ddc3b2d94c7012d4b48554531e80c57f38a12849abebb439cb5","downloaded_from":"2026-09-10T00:59:23.319Z","last_downloaded_at":"2026-09-10T00:59:23.319Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480482","source_sha256":"9b8d90258c74b91e3925668f1e8cb1edcb85c240cf013af94a04351f85df4830"}},{"citation":"715-20-55-9","para":"55-9","html":"
The following table illustrates the disclosures required in the year that the recognition provisions are initially adopted.
","snippet":"The following table illustrates the disclosures required in the year that the recognition provisions are initially adopted.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9db034abc93f8f309d2750ce9ea664c17183fa1dbadac34b063c991488bd7660","downloaded_from":"2026-09-10T00:59:23.319Z","last_downloaded_at":"2026-09-10T00:59:23.319Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480482","source_sha256":"9b8d90258c74b91e3925668f1e8cb1edcb85c240cf013af94a04351f85df4830"}},{"citation":"715-20-55-10","para":"55-10","html":"
Entity A's statement of changes in stockholders' equity for the year ended December 31, 2006, which includes the effects of applying the provisions of Section 715-30-25, follows. Brackets are used to highlight those effects.
","snippet":"Entity A's statement of changes in stockholders' equity for the year ended December 31, 2006, which includes the effects of applying the provisions of Section 715-30-25, follows. Brackets are used to highlight those effe…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:daf90a08de1bbf16860926475604e2dbc6afb2f44776872a0637ed4d709c6eb5","downloaded_from":"2026-09-10T00:59:23.319Z","last_downloaded_at":"2026-09-10T00:59:23.319Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480482","source_sha256":"9b8d90258c74b91e3925668f1e8cb1edcb85c240cf013af94a04351f85df4830"}},{"citation":"715-20-55-11","para":"55-11","html":"
In applying Section 715-30-25 in 2007, Entity A does all of the following:
  1. a
    Adjusts other comprehensive income, net of tax, to recognize the amortization of the transition obligation in net periodic pension cost
  2. b
    Adjusts other comprehensive income, net of tax, to recognize the amortization of prior service cost in net periodic pension cost
  3. c
    Recognizes a pension liability for the additional net loss arising during the year, and a corresponding decrease in other comprehensive income, net of tax
  4. d
    Recognizes a pension liability and net periodic pension cost, net of tax, for the service cost, interest cost, and expected return on plan assets.
","snippet":"In applying Section 715-30-25 in 2007, Entity A does all of the following:\n(a) Adjusts other comprehensive income, net of tax, to recognize the amortization of the transition obligation in net periodic pension cost\n(b) A…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8ccac2d798a6485541e3581da40299c6fc79b7b38519aefa0551a29ef9a8df0b","downloaded_from":"2026-09-10T00:59:23.319Z","last_downloaded_at":"2026-09-10T00:59:23.319Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480482","source_sha256":"9b8d90258c74b91e3925668f1e8cb1edcb85c240cf013af94a04351f85df4830"}},{"citation":"715-20-55-12","para":"55-12","html":"
The components of projected net periodic pension cost for the year ended December 31, 2007, areas follows.
","snippet":"The components of projected net periodic pension cost for the year ended December 31, 2007, areas follows.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e6d7cadb98d4fe0cb71d9fd11b1a70f8a211ef9a0d0c6dd97327ba41fef37a84","downloaded_from":"2026-09-10T00:59:23.319Z","last_downloaded_at":"2026-09-10T00:59:23.319Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480482","source_sha256":"9b8d90258c74b91e3925668f1e8cb1edcb85c240cf013af94a04351f85df4830"}},{"citation":"715-20-55-13","para":"55-13","html":"
For the year ending December 31, 2007, Entity A makes the following journal entries in applying the recognition provisions of Section 715-30-25:
  1. a
    Recognize net periodic pension cost and a corresponding increase in other comprehensive income, net of tax, for amortization of the transition obligation (see the preceding paragraph).
    • \"
      Net periodic pension cost—transition obligation 40 Deferred tax benefit—other comprehensive income 16 Deferred tax benefit—net income 16 Other comprehensive income 40
  2. b
    Recognize net periodic pension cost and a corresponding increase in other comprehensive income, net of tax, for amortization of prior service cost (see the preceding paragraph).
    • \"
      Net periodic pension cost—prior service cost 25 Deferred tax benefit—other comprehensive income 10 Deferred tax benefit—net income 10 Other comprehensive income 25
  3. c
    Recognize a pension liability and net periodic pension cost, net of tax, for the service cost of $120, interest cost of $95, and the expected return on plan assets of $(80) (see the preceding paragraph). The service cost should be recognized separately, and the interest cost and expected return on plan assets may be recognized together or separately.
    • \"
      Net periodic pension cost—service cost 120 Net periodic pension cost—interest cost 95 Deferred tax asset 54 \"Net periodic pension cost—expected return on plan assets\" 80 Deferred tax benefit—net income 54 Liability for pension benefits 135
  4. d
    Recognize a pension liability for the additional net loss arising during the year and a corresponding decrease in other comprehensive income, net of tax (this is the increase in net loss from $240 to $260 shown in paragraph 715-20-55-6).
    • \"
      Other comprehensive income 20 Deferred tax asset 8 Deferred tax benefit—other comprehensive income 8 Liability for pension benefits 20
","snippet":"For the year ending December 31, 2007, Entity A makes the following journal entries in applying the recognition provisions of Section 715-30-25:\n(a) Recognize net periodic pension cost and a corresponding increase in oth…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:859f5c130cdda7ac13a33f38bdfb5beabe67c71af4bc9dcdb0ee8ea00c612395","downloaded_from":"2026-09-10T00:59:23.319Z","last_downloaded_at":"2026-09-10T00:59:23.319Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480482","source_sha256":"9b8d90258c74b91e3925668f1e8cb1edcb85c240cf013af94a04351f85df4830"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:27a5e1be35de308de8f23de2c1c9afb75bfea5ad218175a80f8b7d110b880999","downloaded_from":"2026-09-10T00:59:23.319Z","last_downloaded_at":"2026-09-10T00:59:23.319Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480482","source_sha256":"9b8d90258c74b91e3925668f1e8cb1edcb85c240cf013af94a04351f85df4830"}},{"block":null,"heading":"Illustrations","paragraphs":[{"citation":"715-20-55-14","para":"55-14","html":"
This Section illustrates the following defined benefit pension and other postretirement benefit disclosures:
  1. a
    Disclosures about pension and other postretirement benefit plans in the annual financial statements of a publicly traded entity. See Example 1 (paragraph 715-20-55-16).
  2. b
    Interim-period disclosures of a publicly traded entity. See Example 2 (paragraph 715-20-55-18).
  3. c
    Interim-period disclosures of a nonpublic entity in a complete set of financial statements. See Example 3 (paragraph 715-20-55-19).
","snippet":"This Section illustrates the following defined benefit pension and other postretirement benefit disclosures:\n(a) Disclosures about pension and other postretirement benefit plans in the annual financial statements of a pu…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a21d8773752812569f5eda6d5d1b12795ebf409f3cb5ede94118e77cfb8965b7","downloaded_from":"2026-09-10T00:59:23.319Z","last_downloaded_at":"2026-09-10T00:59:23.319Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480482","source_sha256":"9b8d90258c74b91e3925668f1e8cb1edcb85c240cf013af94a04351f85df4830"}},{"citation":"715-20-55-15","para":"55-15","html":"
The financial statements of a nonpublic entity would be similarly presented but would not be required to include the information contained in paragraph 715-20-50-1(a) through (c), 715-20-50-1(h), 715-20-50-1(o) through (q), and 715-20-50-1(r)(2). The items presented in these Examples have been included for illustrative purposes. Certain assumptions have been made to simplify the computations and focus on the disclosure requirements.
","snippet":"The financial statements of a nonpublic entity would be similarly presented but would not be required to include the information contained in paragraph 715-20-50-1(a) through (c), 715-20-50-1(h), 715-20-50-1(o) through (…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e84957ff1bf1c4770254465391da033c64cf66aaffcf4693991fd17879b42f64","downloaded_from":"2026-09-10T00:59:23.319Z","last_downloaded_at":"2026-09-10T00:59:23.319Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480482","source_sha256":"9b8d90258c74b91e3925668f1e8cb1edcb85c240cf013af94a04351f85df4830"}},{"citation":"715-20-55-16","para":"55-16","html":"
The following illustrates the fiscal 20X3 financial statement disclosures for an employer (Entity A) with multiple defined benefit pension plans and other postretirement benefit plans (dollar amounts in millions). This Example assumes that Entity A does not have cash balance plans or other plans with promised interest crediting rates. Narrative descriptions of the basis used to determine the overall expected long-term rate-of-return-on-assets assumption (see paragraph 715-20-50-1(d)(iii)) and disclosure of the valuation technique(s) and inputs used to measure the fair value of plan assets and a discussion of changes in valuation techniques and inputs (see paragraph 715-20-50-1(d)(iv)(03)), if any, are not included in this Example. The narrative description of the basis used to determine the overall expected long-term rate-of-return-on-assets assumption is meant to be entity-specific. An explanation of the reasons for significant gains and losses related to changes in the benefit obligation for the period (see paragraph 715-20-50-1(r)(1)), if any, is not provided in this Example because the reasons may vary in different reporting periods or in different entities. For purposes of this Example, the disclosures required by paragraphs 715-20-50-1(d)(ii) and 715-20-50-1(d)(iv) are provided for only the fiscal year ending December 31, 20X3. However, those paragraphs indicate that the disclosures are required to be presented as of each date for which a statement of financial position is presented.
","snippet":"The following illustrates the fiscal 20X3 financial statement disclosures for an employer (Entity A) with multiple defined benefit pension plans and other postretirement benefit plans (dollar amounts in millions). This E…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ceae5efbbc9314689a523012ee1195e3ed06420495315d48d8f8c83b6a5a9877","downloaded_from":"2026-09-10T00:59:23.319Z","last_downloaded_at":"2026-09-10T00:59:23.319Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480482","source_sha256":"9b8d90258c74b91e3925668f1e8cb1edcb85c240cf013af94a04351f85df4830"}},{"citation":"715-20-55-17","para":"55-17","html":"
During 20X3, Entity A acquired FV Industries and amended its plans. Entity A would make the following disclosure.
","snippet":"During 20X3, Entity A acquired FV Industries and amended its plans. Entity A would make the following disclosure.\nNotes to Financial Statements\nPension and Other Postretirement Benefit Plans\nEntity A has both funded and …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:aef5f371d8f4f77ae53706e24a9eccb80348183e34e931baa62611a48d031a10","downloaded_from":"2026-09-10T00:59:23.319Z","last_downloaded_at":"2026-09-10T00:59:23.319Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480482","source_sha256":"9b8d90258c74b91e3925668f1e8cb1edcb85c240cf013af94a04351f85df4830"}},{"citation":"715-20-55-18","para":"55-18","html":"
This Example illustrates the disclosures of a publicly traded entity for the first fiscal quarter beginning after December 15, 20X3.
","snippet":"This Example illustrates the disclosures of a publicly traded entity for the first fiscal quarter beginning after December 15, 20X3.\nComponents of Net Periodic Benefit Cost\nThe components of net periodic benefit cost oth…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:50a635eaf19b360862e3d15a92c89947bff800f111fe65a3d9534cb41d86bb8b","downloaded_from":"2026-09-10T00:59:23.319Z","last_downloaded_at":"2026-09-10T00:59:23.319Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480482","source_sha256":"9b8d90258c74b91e3925668f1e8cb1edcb85c240cf013af94a04351f85df4830"}},{"citation":"715-20-55-19","para":"55-19","html":"
This Example illustrates the disclosures for a nonpublic entity (Entity A) for the first fiscal quarter beginning after December 15, 20X3.
","snippet":"This Example illustrates the disclosures for a nonpublic entity (Entity A) for the first fiscal quarter beginning after December 15, 20X3.\nEntity A previously disclosed in its financial statements for the year ended Dece…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d109c6f98138e500301d54dea1c3785a82561f24c2c4275f422254660f44455a","downloaded_from":"2026-09-10T00:59:23.319Z","last_downloaded_at":"2026-09-10T00:59:23.319Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480482","source_sha256":"9b8d90258c74b91e3925668f1e8cb1edcb85c240cf013af94a04351f85df4830"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8287ab60849317654846044a0240ea711596bbea552a8c106c87bd4d35526edf","downloaded_from":"2026-09-10T00:59:23.319Z","last_downloaded_at":"2026-09-10T00:59:23.319Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480482","source_sha256":"9b8d90258c74b91e3925668f1e8cb1edcb85c240cf013af94a04351f85df4830"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:02dfd3bddc30bd1974c2bb57a331efb615f818945766efccd6d82b64ec4fb92c","downloaded_from":"2026-09-10T00:59:23.319Z","last_downloaded_at":"2026-09-10T00:59:23.319Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480482","source_sha256":"9b8d90258c74b91e3925668f1e8cb1edcb85c240cf013af94a04351f85df4830"}},{"number":"60","label":"60 Relationships","anchor":"60-relationships","is_sec":false,"groups":[{"block":null,"heading":"Compensation—General","paragraphs":[{"citation":"715-20-60-1","para":"60-1","html":"
For guidance on deferred compensation contracts that are accounted for individually on an accrual basis in accordance with the terms of the underlying contract, see Topic 710.
","snippet":"For guidance on deferred compensation contracts that are accounted for individually on an accrual basis in accordance with the terms of the underlying contract, see Topic 710.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:bceb43ab87f1586c5c51e31a5e6f70ad78f5f08372f061597daf588b89fdf62a","downloaded_from":"2026-09-10T00:59:26.368Z","last_downloaded_at":"2026-09-10T00:59:26.368Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480453","source_sha256":"b51da42f757f94232a02da6861b2a5c5c8cb245d8af8747689f4ec53e3997273"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d6ed528beab1c93c9ed726b7050ed5f7ae6d1e173c8865f726fc54d2bee532d1","downloaded_from":"2026-09-10T00:59:26.368Z","last_downloaded_at":"2026-09-10T00:59:26.368Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480453","source_sha256":"b51da42f757f94232a02da6861b2a5c5c8cb245d8af8747689f4ec53e3997273"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e155f20cb6a6071d3e840b1e86e77a5a43ca92c910d463a6bcd436985a5d7e2a","downloaded_from":"2026-09-10T00:59:26.368Z","last_downloaded_at":"2026-09-10T00:59:26.368Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480453","source_sha256":"b51da42f757f94232a02da6861b2a5c5c8cb245d8af8747689f4ec53e3997273"}},{"number":"65","label":"65 Transition and Open Effective Date Information","anchor":"65-transition-and-open-effective-date-information","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"715-20-65-1","para":"65-1","html":"
Paragraph superseded on 11/03/2014 after the end of the transition period stated in FASB Statement No. 158, Employers' Accounting for Defined Benefit Pension and Other Postretirement Plans, and FSP FAS 158-1.
","snippet":"Paragraph superseded on 11/03/2014 after the end of the transition period stated in FASB Statement No. 158, Employers' Accounting for Defined Benefit Pension and Other Postretirement Plans, and FSP FAS 158-1.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0665b1d245bb2c32520eaf44bfc06524cf10a7c6cfd5fae7c6e3e2e67b7887a2","downloaded_from":"2026-09-10T00:59:29.173Z","last_downloaded_at":"2026-09-10T00:59:29.173Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480422","source_sha256":"a89b57645d10c6a9c33168babeecdfe28f46ad8bc159e58607ea310d1d491c93"}},{"citation":"715-20-65-2","para":"65-2","html":"
Paragraph superseded on 07/01/2010 after the end of the transition period stated in FSP FAS 132(R)-1, Employers' Disclosures about Postretirement Benefit Plan Assets.
","snippet":"Paragraph superseded on 07/01/2010 after the end of the transition period stated in FSP FAS 132(R)-1, Employers' Disclosures about Postretirement Benefit Plan Assets.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0d69e2d77127632da4ab3e6360a6eb39f297634fa1ff5dd0c6f93555facc92fa","downloaded_from":"2026-09-10T00:59:29.173Z","last_downloaded_at":"2026-09-10T00:59:29.173Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480422","source_sha256":"a89b57645d10c6a9c33168babeecdfe28f46ad8bc159e58607ea310d1d491c93"}},{"citation":"715-20-65-3","para":"65-3","html":"
Paragraph superseded on 08/12/2020 after the end of the transition period stated in Accounting Standards Update No. 2017-07, Compensation—Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost.
","snippet":"Paragraph superseded on 08/12/2020 after the end of the transition period stated in Accounting Standards Update No. 2017-07, Compensation—Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pensio…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b06c072359e8f5387bfee94ef7720e98f9babb4e74e5d6bc056741429d2d009c","downloaded_from":"2026-09-10T00:59:29.173Z","last_downloaded_at":"2026-09-10T00:59:29.173Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480422","source_sha256":"a89b57645d10c6a9c33168babeecdfe28f46ad8bc159e58607ea310d1d491c93"}},{"citation":"715-20-65-4","para":"65-4","html":"
Paragraph superseded on 07/10/2023 after the end of the transition period stated in Accounting Standards Update No. 2018-14, Compensation—Retirement Benefits—Defined Benefit Plans—General (Subtopic 715-20): Disclosure Framework—Changes to the Disclosure Requirements for Defined Benefit Plans.
","snippet":"Paragraph superseded on 07/10/2023 after the end of the transition period stated in Accounting Standards Update No. 2018-14, Compensation—Retirement Benefits—Defined Benefit Plans—General (Subtopic 715-20): Disclosure Fr…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:44e4825e45334ebb8d824b1662cfc8d71d237b71e05e37ff6047b5df93c58fd3","downloaded_from":"2026-09-10T00:59:29.173Z","last_downloaded_at":"2026-09-10T00:59:29.173Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480422","source_sha256":"a89b57645d10c6a9c33168babeecdfe28f46ad8bc159e58607ea310d1d491c93"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:730e85494a4a856c28a5b5861f1a7a2f12dbd99b3e4e50469d5ab782979da4bc","downloaded_from":"2026-09-10T00:59:29.173Z","last_downloaded_at":"2026-09-10T00:59:29.173Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480422","source_sha256":"a89b57645d10c6a9c33168babeecdfe28f46ad8bc159e58607ea310d1d491c93"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:68d2ceca4e47d2cf827003227798bd5f839db4c361b7ff28baf5be8fac7ef668","downloaded_from":"2026-09-10T00:59:29.173Z","last_downloaded_at":"2026-09-10T00:59:29.173Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480422","source_sha256":"a89b57645d10c6a9c33168babeecdfe28f46ad8bc159e58607ea310d1d491c93"}},{"number":"S00","label":"SEC 00 Status","anchor":"sec-00-status","is_sec":true,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"715-20-S00-1","para":"S00-1","html":"
The following table identifies the changes made to this Subtopic.
ParagraphActionAccounting Standards UpdateDate
715-20-S99-1AmendedAccounting Standards Update No. 2010-0401/15/2010
","snippet":"The following table identifies the changes made to this Subtopic.\nParagraph | Action | Accounting Standards Update | Date |\n| | | |\n715-20-S99-1 | Amended | Accounting Standards Update No. 2010-04 | 01/15/2010 |","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:dbd784b10cffbd175f71a7e5e49e26573b02a5eb8a36cbdbe41ab43f1476e09b","downloaded_from":"2026-09-10T00:59:35.849Z","last_downloaded_at":"2026-09-10T00:59:35.849Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479784","source_sha256":"455bb4c3b2df2c25c53e7dee8376f73cfbf527785363b3db7fb1f1d5dabb5917"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:729411caad016589256ef5d9abdf8b8e599b173278b1e6f5a8e0c7218862b1a9","downloaded_from":"2026-09-10T00:59:35.849Z","last_downloaded_at":"2026-09-10T00:59:35.849Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479784","source_sha256":"455bb4c3b2df2c25c53e7dee8376f73cfbf527785363b3db7fb1f1d5dabb5917"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ff8a359d48b2388182dfccb63e831db6e39728efd08312dfdc5dafb23999ed0e","downloaded_from":"2026-09-10T00:59:35.849Z","last_downloaded_at":"2026-09-10T00:59:35.849Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479784","source_sha256":"455bb4c3b2df2c25c53e7dee8376f73cfbf527785363b3db7fb1f1d5dabb5917"}},{"number":"S50","label":"SEC 50 Disclosure","anchor":"sec-50-disclosure","is_sec":true,"groups":[{"block":null,"heading":"Determination of Vested Benefit Obligation for a Defined Benefit Pension Plan","paragraphs":[{"citation":"715-20-S50-1","para":"S50-1","html":"
See paragraph 715-20-S99-2, SEC Observer Comment: Determination of Vested Benefit Obligation for a Defined Benefit Pension Plan, for SEC Staff views on disclosures pertaining to the method chosen to measure the vested benefit obligation for a defined benefit pension plan.
","snippet":"See paragraph 715-20-S99-2, SEC Observer Comment: Determination of Vested Benefit Obligation for a Defined Benefit Pension Plan, for SEC Staff views on disclosures pertaining to the method chosen to measure the vested be…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1bb151b53d36eaad375e49651c38cb1a44a455b95730119a6a0e4a638133a3cf","downloaded_from":"2026-09-10T00:59:38.005Z","last_downloaded_at":"2026-09-10T00:59:38.005Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480220","source_sha256":"4204ac4386fca76213fe6027d115687b68e6b9320d53255540352a2893dcd449"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c117e51054724fcf9ea5797ca970514e073799f454ce7cdbdc60b8ca2efb0184","downloaded_from":"2026-09-10T00:59:38.005Z","last_downloaded_at":"2026-09-10T00:59:38.005Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480220","source_sha256":"4204ac4386fca76213fe6027d115687b68e6b9320d53255540352a2893dcd449"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:caefddab9cf975051c5a2f2accee7e089934fb81264138180b84aa9ff18ccc19","downloaded_from":"2026-09-10T00:59:38.005Z","last_downloaded_at":"2026-09-10T00:59:38.005Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480220","source_sha256":"4204ac4386fca76213fe6027d115687b68e6b9320d53255540352a2893dcd449"}},{"number":"S55","label":"SEC 55 Implementation Guidance and Illustrations","anchor":"sec-55-implementation-guidance-and-illustrations","is_sec":true,"groups":[{"block":null,"heading":"Selection of Discount Rate Used for Measuring Defined Benefit Pension Obligation and Obligations of Postretirement Plans Other Than Pensions","paragraphs":[{"citation":"715-20-S55-1","para":"S55-1","html":"
See paragraph 715-20-S99-1, SEC Staff Announcement: Selection of Discount Rate Used for Measuring Defined Benefit Obligation and Obligations of Postretirement Plans Other than Pensions, for SEC Staff views on the selection of discount rates used for measuring defined benefit pension obligations and obligations of postretirement benefit plans other than pensions.
","snippet":"See paragraph 715-20-S99-1, SEC Staff Announcement: Selection of Discount Rate Used for Measuring Defined Benefit Obligation and Obligations of Postretirement Plans Other than Pensions, for SEC Staff views on the selecti…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:61e2e94a564e53231c4d6d02d83ee8bd41f62e65c154db6630cd417d05f2e7b9","downloaded_from":"2026-09-10T00:59:41.720Z","last_downloaded_at":"2026-09-10T00:59:41.720Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480187","source_sha256":"a983895faaf391e5f2ec1a5b57a11fa897627d5defdf02d3d3c9f82ede9c6739"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c91bcef5622b911dd5b94cb4751dd0397113797581f75459bcdb49cfb8aa800c","downloaded_from":"2026-09-10T00:59:41.720Z","last_downloaded_at":"2026-09-10T00:59:41.720Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480187","source_sha256":"a983895faaf391e5f2ec1a5b57a11fa897627d5defdf02d3d3c9f82ede9c6739"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:6ce8f1bf80ed90e6165695321ea4217c95de29638284fda4d39796343834a667","downloaded_from":"2026-09-10T00:59:41.720Z","last_downloaded_at":"2026-09-10T00:59:41.720Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480187","source_sha256":"a983895faaf391e5f2ec1a5b57a11fa897627d5defdf02d3d3c9f82ede9c6739"}},{"number":"S99","label":"SEC 99 SEC Materials","anchor":"sec-99-sec-materials","is_sec":true,"groups":[{"block":null,"heading":"SEC Staff Guidance","paragraphs":[{"citation":"715-20-S99-1","para":"S99-1","html":"
The following is the text of SEC Staff Announcement: Selection of Discount Rate Used for Measuring Defined Benefit Pension Obligation and Obligations of Postretirement Plans Other than Pensions.
","snippet":"The following is the text of SEC Staff Announcement: Selection of Discount Rate Used for Measuring Defined Benefit Pension Obligation and Obligations of Postretirement Plans Other than Pensions.\nThe SEC Observer made the…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:23bb42644f1b0fd699ebd34e8c897d7d42e3244ed1806f7dd608b157a9e06b3e","downloaded_from":"2026-09-10T00:59:47.246Z","last_downloaded_at":"2026-09-10T00:59:47.246Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480126","source_sha256":"4e7061b8352e2fa8f6aed545bb8a2a80da3424bd1b7452703cb0ea725a8bf180"}},{"citation":"715-20-S99-2","para":"S99-2","html":"
The following is the text of SEC Observer Comment: Determination of Vested Benefit Obligation for a Defined Benefit Pension Plan.
","snippet":"The following is the text of SEC Observer Comment: Determination of Vested Benefit Obligation for a Defined Benefit Pension Plan.\nUnder the guidance in paragraph 715-30-35-41, an entity has the option of determining whet…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:135ee92e48e3445669bacd4244e4e60b15648026d4d64094c7d7df2a6091aeef","downloaded_from":"2026-09-10T00:59:47.246Z","last_downloaded_at":"2026-09-10T00:59:47.246Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480126","source_sha256":"4e7061b8352e2fa8f6aed545bb8a2a80da3424bd1b7452703cb0ea725a8bf180"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3c00cdee60bc9ce1b4e41333d9fade1da13cfb92c7457ae68d74a3615bcd725e","downloaded_from":"2026-09-10T00:59:47.246Z","last_downloaded_at":"2026-09-10T00:59:47.246Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480126","source_sha256":"4e7061b8352e2fa8f6aed545bb8a2a80da3424bd1b7452703cb0ea725a8bf180"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0e3195de571492bddedda18061a7a4b5a8fbd7dbf0b9f49df28dd9b226da053a","downloaded_from":"2026-09-10T00:59:47.246Z","last_downloaded_at":"2026-09-10T00:59:47.246Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480126","source_sha256":"4e7061b8352e2fa8f6aed545bb8a2a80da3424bd1b7452703cb0ea725a8bf180"}}],"enrichment":{"summary":"ASC 715-20 governs the presentation and disclosure requirements for single-employer defined benefit pension and other postretirement benefit (OPEB) plans, and it confirms that a cash balance plan is a defined benefit plan. It requires employers to disclose, separately for pension and OPEB plans, reconciliations of the benefit obligation and plan assets, funded status and where it is recognized on the balance sheet, plan asset fair value information by class, weighted-average assumptions, expected future benefit payments and contributions, and amounts in AOCI not yet recognized in net periodic benefit cost. On the face of the income statement, only the service cost component goes with other compensation cost; all other components must be presented separately and outside any subtotal of income from operations.","key_points":["An employer must provide the Section 715-20-50 disclosures separately for defined benefit pension plans and for other postretirement benefit plans (715-20-05-3; 715-20-50-1).","Service cost is reported in the same income statement line as other employee compensation cost (except amounts capitalized into inventory or PP&E), while the other components of net periodic benefit cost—including settlement/curtailment gains or losses and certain termination benefit costs—are presented separately and outside any subtotal of income from operations (715-20-45-3A).","The funded status must be presented on the balance sheet: an overfunded plan's asset is noncurrent, and an underfunded plan's liability is current to the extent the actuarial present value of benefits payable in the next 12 months (or operating cycle) exceeds plan asset fair value, capped at the recognized unfunded status (715-20-45-2 through 45-3).","Required annual disclosures include reconciliations of the benefit obligation (PBO for pensions, APBO for OPEB) and of plan asset fair value, the accumulated benefit obligation, benefits expected to be paid in each of the next five years and in aggregate for the following five, next-year expected contributions, components of net benefit cost, OCI and AOCI amounts not yet recognized in cost, and weighted-average discount rates, compensation increase rates, expected long-term rates of return, and interest crediting rates (715-20-50-1(a)–(k)).","Plan asset disclosures must convey investment policies and strategies, fair value by class, the basis for the expected long-term rate-of-return assumption, fair value hierarchy levels, and a Level 3 rollforward, with NAV practical expedient investments excluded from the hierarchy (715-20-50-1(d)).","Disclosures are aggregated across all pension plans and across all OPEB plans unless disaggregation is useful, but aggregate presentation triggers disclosure of PBO/ABO/APBO and plan asset fair value for plans whose obligations exceed plan assets; non-U.S. plans may be combined unless significant and using significantly different assumptions (715-20-50-2 through 50-4).","Nonpublic entities are exempt from 715-20-50-1(a)–(c), (h), (o)–(q), and (r)(2) and instead follow the reduced list in 715-20-50-5, while publicly traded entities must disclose net benefit cost components and materially changed contribution estimates in interim periods (715-20-50-5 through 50-7); a cash balance plan is a defined benefit plan because the benefit depends on the promised interest-crediting rate, not actual asset returns (715-20-25-1 through 25-3)."],"categories":["Disclosure","Presentation","Compensation and benefits","Fair value"],"audience_level":"intermediate","student_note":"Exam questions love the ASU 2017-07 split: service cost sits in operating compensation expense while interest cost, expected return, amortization, and settlement/curtailment effects must be shown below any operating income subtotal—students often wrongly lump all components into operating expense. Also remember the classification rule: an overfunded plan asset is always noncurrent, but an underfunded plan liability can be split current/noncurrent.","related_topics":["715-30","715-60","715-10","958-715","820-10","220-40"],"key_concepts":["defined benefit pension plan","other postretirement benefit plan","funded status","net periodic benefit cost","service cost component","projected benefit obligation","plan assets fair value hierarchy","cash balance plan"],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8d2841440c2e00b68f1ae8cd6eae82216b60cbe46c292ae1378882d950834a24","downloaded_from":"2026-09-10T00:59:02.764Z","last_downloaded_at":"2026-09-10T00:59:47.246Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},"related":[{"number":"965-30","title":"Plan Benefit Obligations","topic_title":"Plan Accounting—Health and Welfare Benefit Plans","score":0.8194,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:7f371f2352a897701fb6232c700af3458c84943293f3e6433c6dfc1f09b2edad","downloaded_from":"2026-09-10T02:25:01.968Z","last_downloaded_at":"2026-09-10T02:25:26.797Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"715-80","title":"Multiemployer Plans","topic_title":"Compensation—Retirement Benefits","score":0.7996,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b62d3a80062ce0b419f0882a06f4a7cb4cee885730834b906c7beaf7805d9030","downloaded_from":"2026-09-10T01:01:21.184Z","last_downloaded_at":"2026-09-10T01:01:50.542Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"205-962","title":"Plan Accounting—Defined Contribution Pension Plans","topic_title":"Presentation of Financial Statements","score":0.7962,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:4bab6452b101fd0cc81ff4af3bcc570d2621585f85082469953d575f9722db9d","downloaded_from":"2026-09-09T22:56:59.598Z","last_downloaded_at":"2026-09-09T22:57:32.204Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"715-60","title":"Defined Benefit Plans—Other Postretirement","topic_title":"Compensation—Retirement Benefits","score":0.7937,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ae2852c67073c214ad13103aca39b13dfbbc7e96d625a0add7940d209e46c319","downloaded_from":"2026-09-10T01:00:25.988Z","last_downloaded_at":"2026-09-10T01:00:54.564Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"715-70","title":"Defined Contribution Plans","topic_title":"Compensation—Retirement Benefits","score":0.7931,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9a5e40baaa57399e5c9fbe1dd239e6d7d0ca5f2684551e29304f5a63ac1b06aa","downloaded_from":"2026-09-10T01:00:58.143Z","last_downloaded_at":"2026-09-10T01:01:17.755Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"825-10","title":"Overall","topic_title":"Financial Instruments","score":0.7808,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:50ad5838390af6790b8552f3d099df36af3349699779f6b68c5df85ac5570aa4","downloaded_from":"2026-09-10T01:44:11.504Z","last_downloaded_at":"2026-09-10T01:44:42.941Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}}],"prev":{"number":"715-10","title":"Overall","topic_title":"Compensation—Retirement Benefits","provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a7d935add8bd3e23403c87740cc4b5a1f5a2289701498e63cc8d29263cf70c9a","downloaded_from":"2026-09-10T00:58:45.119Z","last_downloaded_at":"2026-09-10T00:58:58.564Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},"next":{"number":"715-30","title":"Defined Benefit Plans—Pension","topic_title":"Compensation—Retirement Benefits","provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:4100fd3c2e89fdf1e03c9aad30b1aa4063e61f406d571431acd31e835fa4fb61","downloaded_from":"2026-09-10T00:59:50.700Z","last_downloaded_at":"2026-09-10T01:00:20.275Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1a260d20258554fdef3a68b585af6803579c3a41faaa97a112f8b50a90ba2aee","downloaded_from":"2026-09-10T00:59:02.764Z","last_downloaded_at":"2026-09-10T00:59:47.246Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"715-30","topic":"715","title":"Defined Benefit Plans—Pension","area":"Expenses","paragraphs":404,"summary":"ASC 715-30 governs an employer's accounting for single-employer defined benefit pension plans: it requires the employer to recognize the plan's funded status (projected benefit obligation versus fair value of plan assets) on the balance sheet and to recognize net periodic pension cost made up of service cost, interest cost, actual return on plan assets, and amortization of prior service cost/credit, net gain or loss, and any remaining transition asset or obligation. Gains, losses, and prior service cost are first recognized in other comprehensive income and amortized into net periodic pension cost over time (subject to the 10 percent corridor for net gains and losses). Separate Subsections govern settlements, curtailments, and certain termination benefits, which accelerate recognition in earnings of amounts sitting in accumulated other comprehensive income.","concepts":["defined benefit pension plan","projected benefit obligation","accumulated benefit obligation","net periodic pension cost","funded status","prior service cost","corridor amortization of net gain or loss","settlement and curtailment"],"categories":["Compensation and benefits","Recognition","Subsequent measurement","Presentation"],"level":"advanced","topic_title":"Compensation—Retirement Benefits","sections":[{"number":"00","label":"00 Status","anchor":"00-status","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"715-30-00-1","para":"00-1","html":"
The following table identifies the changes made to this Subtopic.
Paragraph Action Accounting Standards Updates Date
Actuarial Funding Method Superseded Accounting Standards Update No. 2017-07 03/10/2017
Actuarial Gain or Loss Superseded Accounting Standards Update No. 2017-07 03/10/2017
Actuarial Gain or Loss Amended Accounting Standards Update No. 2014-06 03/14/2014
Allocated Contract Superseded Accounting Standards Update No. 2017-07 03/10/2017
Amortization (1st def.) Added Accounting Standards Update No. 2014-06 03/14/2014
Amortization (2nd def.) Superseded Accounting Standards Update No. 2014-06 03/14/2014
Assumptions (1st def.) Added Accounting Standards Update No. 2014-06 03/14/2014
Assumptions (2nd def.) Superseded Accounting Standards Update No. 2014-06 03/14/2014
Attribution (1st def.) Added Accounting Standards Update No. 2014-06 03/14/2014
Attribution (2nd def.) Superseded Accounting Standards Update No. 2014-06 03/14/2014
Benefit Approach Superseded Accounting Standards Update No. 2017-07 03/10/2017
Benefit Approach Amended Accounting Standards Update No. 2014-06 03/14/2014
Benefits Amended Accounting Standards Update No. 2016-19 12/14/2016
Benefits (2nd def.) Superseded Accounting Standards Update No. 2014-06 03/14/2014
Benefits (3rd def.) Added Accounting Standards Update No. 2014-06 03/14/2014
Cash Balance Plan Superseded Accounting Standards Update No. 2020-10 10/29/2020
Contributory Plan Superseded Accounting Standards Update No. 2017-07 03/10/2017
Contributory Plan (2nd def.) Added Accounting Standards Update No. 2014-06 03/14/2014
Contributory Plan (3rd def.) Superseded Accounting Standards Update No. 2014-06 03/14/2014
Cost Approach (2nd def.) Superseded Accounting Standards Update No. 2014-06 03/14/2014
Cost-Compensation Approach Superseded Accounting Standards Update No. 2017-07 03/10/2017
Defined Benefit Pension Plan (2nd def.) Superseded Accounting Standards Update No. 2014-06 03/14/2014
Defined Benefit Plan Added Accounting Standards Update No. 2014-06 03/14/2014
Defined Contribution Plan Amended Accounting Standards Update No. 2014-06 03/14/2014
Discount Rate Amended Accounting Standards Update No. 2014-06 03/14/2014
Expected Long-Term Rate of Return on Plan Assets (1st def.) Added Accounting Standards Update No. 2014-06 03/14/2014
Expected Long-Term Rate of Return on Plan Assets (2nd def.) Superseded Accounting Standards Update No. 2014-06 03/14/2014
Expected Return on Plan Assets (1st def.) Added Accounting Standards Update No. 2014-06 03/14/2014
Expected Return on Plan Assets (2nd def.) Superseded Accounting Standards Update No. 2014-06 03/14/2014
Funding Method Superseded Accounting Standards Update No. 2017-07 03/10/2017
Funding Policy Superseded Accounting Standards Update No. 2017-07 03/10/2017
Funding Policy (2nd def.) Superseded Accounting Standards Update No. 2014-06 03/14/2014
Funding Policy (3rd def.) Added Accounting Standards Update No. 2014-06 03/14/2014
Gain or Loss (1st def.) Added Accounting Standards Update No. 2014-06 03/14/2014
Gain or Loss (2nd def.) Superseded Accounting Standards Update No. 2014-06 03/14/2014
Implicit Approach to Assumptions Superseded Accounting Standards Update No. 2017-07 03/10/2017
Loss Amended Accounting Standards Update No. 2014-06 03/14/2014
Multiple-Employer Plan(1st def.) Added Accounting Standards Update No. 2014-06 03/14/2014
Multiple-Employer Plan (2nd def.) Superseded Accounting Standards Update No. 2014-06 03/14/2014
Net Periodic Pension Cost Amended Accounting Standards Update No. 2017-07 03/10/2017
Participant (2nd def.) Amended Accounting Standards Update No. 2014-06 03/14/2014
Participating Insurance Added Accounting Standards Update No. 2016-19 12/14/2016
Participation Right (1st def.) Superseded Accounting Standards Update No. 2016-19 12/14/2016
Participation Right (2nd def.) Added Accounting Standards Update No. 2016-19 12/14/2016
Pension Fund Added Accounting Standards Update No. 2014-06 03/14/2014
Plan Amendment (1st def.) Added Accounting Standards Update No. 2014-06 03/14/2014
Plan Amendment (2nd def.) Superseded Accounting Standards Update No. 2014-06 03/14/2014
Plan Assets Available for Benefits Superseded Accounting Standards Update No. 2017-07 03/10/2017
Plan Termination (1st def.) Added Accounting Standards Update No. 2014-06 03/14/2014
Plan Termination (2nd def.) Superseded Accounting Standards Update No. 2014-06 03/14/2014
Prior Service Cost (2nd def.) Amended Accounting Standards Update No. 2014-06 03/14/2014
Single-Employer Plan (1st def.) Added Accounting Standards Update No. 2014-06 03/14/2014
Single-Employer Plan (2nd def.) Superseded Accounting Standards Update No. 2014-06 03/14/2014
Sponsor (2nd def.) Superseded Accounting Standards Update No. 2017-07 03/10/2017
Unallocated Contract Superseded Accounting Standards Update No. 2017-07 03/10/2017
715-30-05-1 Amended Accounting Standards Update No. 2014-06 03/14/2014
715-30-05-2 Amended Accounting Standards Update No. 2017-07 03/10/2017
715-30-05-3 Amended Accounting Standards Update No. 2014-06 03/14/2014
715-30-05-4 Amended Accounting Standards Update No. 2017-07 03/10/2017
715-30-05-5 Superseded Accounting Standards Update No. 2017-07 03/10/2017
715-30-05-6 Amended Accounting Standards Update No. 2017-07 03/10/2017
715-30-05-7 Superseded Accounting Standards Update No. 2017-07 03/10/2017
715-30-05-8 Superseded Accounting Standards Update No. 2017-07 03/10/2017
715-30-05-8 Amended Accounting Standards Update No. 2014-06 03/14/2014
715-30-05-9 Amended Accounting Standards Update No. 2017-07 03/10/2017
715-30-05-9 Amended Accounting Standards Update No. 2014-06 03/14/2014
715-30-05-10 Superseded Accounting Standards Update No. 2017-07 03/10/2017
715-30-05-11 Superseded Accounting Standards Update No. 2017-07 03/10/2017
715-30-15-3 Amended Accounting Standards Update No. 2020-10 10/29/2020
715-30-15-3 Amended Accounting Standards Update No. 2014-06 03/14/2014
715-30-15-4A Added Accounting Standards Update No. 2012-04 10/01/2012
715-30-25-6 Amended Accounting Standards Update No. 2014-06 03/14/2014
715-30-25-7 Amended Accounting Standards Update No. 2016-19 12/14/2016
715-30-35-1A Amended Accounting Standards Update No. 2014-06 03/14/2014
715-30-35-4 Amended Accounting Standards Update No. 2014-06 03/14/2014
715-30-35-7 Amended Accounting Standards Update No. 2014-06 03/14/2014
715-30-35-7A Added Accounting Standards Update No. 2017-07 03/10/2017
715-30-35-10 Amended Accounting Standards Update No. 2014-06 03/14/2014
715-30-35-18 Amended Accounting Standards Update No. 2014-06 03/14/2014
715-30-35-21 Amended Accounting Standards Update No. 2014-06 03/14/2014
715-30-35-22 Amended Accounting Standards Update No. 2014-06 03/14/2014
715-30-35-42 Amended Accounting Standards Update No. 2014-06 03/14/2014
715-30-35-44 Amended Accounting Standards Update No. 2012-04 10/01/2012
715-30-35-47 Amended Accounting Standards Update No. 2014-06 03/14/2014
715-30-35-53 Amended Accounting Standards Update No. 2016-19 12/14/2016
715-30-35-59 Amended Accounting Standards Update No. 2016-19 12/14/2016
715-30-35-63A Added Accounting Standards Update No. 2015-04 04/15/2015
715-30-35-63B Added Accounting Standards Update No. 2015-04 04/15/2015
715-30-35-66A Added Accounting Standards Update No. 2015-04 04/15/2015
715-30-35-66B Added Accounting Standards Update No. 2015-04 04/15/2015
715-30-35-70 Amended Accounting Standards Update No. 2014-06 03/14/2014
715-30-35-71 Superseded Accounting Standards Update No. 2020-10 10/29/2020
715-30-35-72 Superseded Accounting Standards Update No. 2020-10 10/29/2020
715-30-35-75 Amended Accounting Standards Update No. 2014-06 03/14/2014
715-30-35-76 Amended Accounting Standards Update No. 2014-06 03/14/2014
715-30-35-79 Amended Accounting Standards Update No. 2016-19 12/14/2016
715-30-35-79 Amended Accounting Standards Update No. 2014-06 03/14/2014
715-30-35-88 Amended Accounting Standards Update No. 2016-19 12/14/2016
715-30-35-90 Amended Accounting Standards Update No. 2014-06 03/14/2014
715-30-35-91 Amended Accounting Standards Update No. 2014-06 03/14/2014
715-30-45-1 Amended Accounting Standards Update No. 2014-06 03/14/2014
715-30-55-3 through 55-7
 Amended Accounting Standards Update No. 2014-06 03/14/2014
715-30-55-18 Amended Accounting Standards Update No. 2014-06 03/14/2014
715-30-55-40 Amended Accounting Standards Update No. 2014-06 03/14/2014
715-30-55-46 Amended Accounting Standards Update No. 2014-06 03/14/2014
715-30-55-62 Amended Accounting Standards Update No. 2014-06 03/14/2014
715-30-55-63 Amended Accounting Standards Update No. 2015-10 06/12/2015
715-30-55-63 Amended Accounting Standards Update No. 2011-09 09/21/2011
715-30-55-64 Amended Accounting Standards Update No. 2011-09 09/21/2011
715-30-55-127A Added Accounting Standards Update No. 2020-10 10/29/2020
715-30-55-128 Amended Accounting Standards Update No. 2014-06 03/14/2014
715-30-55-132 Amended Accounting Standards Update No. 2014-06 03/14/2014
715-30-55-133 Amended Accounting Standards Update No. 2014-06 03/14/2014
715-30-55-153 Amended Accounting Standards Update No. 2016-19 12/14/2016
715-30-55-160 Amended Accounting Standards Update No. 2014-06 03/14/2014
715-30-55-176 Amended Accounting Standards Update No. 2014-06 03/14/2014
715-30-55-188 Amended Accounting Standards Update No. 2014-06 03/14/2014
715-30-55-190 Amended Maintenance Update 2016-11 (PDF) 06/27/2016
715-30-55-191 Superseded Accounting Standards Update No. 2015-01 01/09/2015
715-30-55-192 Superseded Accounting Standards Update No. 2015-01 01/09/2015
715-30-55-195 Amended Accounting Standards Update No. 2014-08 04/10/2014
715-30-55-196 Amended Accounting Standards Update No. 2014-08 04/10/2014
715-30-55-242 Amended Accounting Standards Update No. 2014-08 04/10/2014
715-30-55-248 Amended Accounting Standards Update No. 2014-08 04/10/2014
715-30-60-1 Amended Accounting Standards Update No. 2014-06 03/14/2014
715-30-60-2 Amended Accounting Standards Update No. 2017-07 03/10/2017
715-30-60-8 Amended Accounting Standards Update No. 2014-06 03/14/2014
","snippet":"The following table identifies the changes made to this Subtopic.\nParagraph | Action | Accounting Standards Updates | Date |\n| | | |\nActuarial Funding Method | Superseded | Accounting Standards Update No. 2017-07 | 03/10…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:cd27a915000f748c64f2c6555c9aa1fd83d62215c4bce42447912f50c2ac4224","downloaded_from":"2026-09-10T00:59:50.700Z","last_downloaded_at":"2026-09-10T00:59:50.700Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480360","source_sha256":"d4f14506510bea900693a0a0dc16f59b9ec3c866ab3fcb5422e9d037a91f3bb9"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:44faf9ed120d1660fbac04e55053610702a8c1f766d99d020114bbb5f2cfcdf8","downloaded_from":"2026-09-10T00:59:50.700Z","last_downloaded_at":"2026-09-10T00:59:50.700Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480360","source_sha256":"d4f14506510bea900693a0a0dc16f59b9ec3c866ab3fcb5422e9d037a91f3bb9"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e8ba3f52dfb419fa1cd5fd26db12e343253cc0550c1b8ff46a19b4309c8001f0","downloaded_from":"2026-09-10T00:59:50.700Z","last_downloaded_at":"2026-09-10T00:59:50.700Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480360","source_sha256":"d4f14506510bea900693a0a0dc16f59b9ec3c866ab3fcb5422e9d037a91f3bb9"}},{"number":"05","label":"05 Overview and Background","anchor":"05-overview-and-background","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"715-30-05-1","para":"05-1","html":"
This Subtopic provides guidance on defined benefit pension accounting for an employer that offers pension benefits to its employees. This Subtopic focuses on an employer's accounting for a single-employer defined benefit pension plan.
","snippet":"This Subtopic provides guidance on defined benefit pension accounting for an employer that offers pension benefits to its employees. This Subtopic focuses on an employer's accounting for a single-employer defined benefit…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1c1c96bb5d2480ce1d2e832e01d7a4ade08872ce54585b36e48cf7f227fa181f","downloaded_from":"2026-09-10T00:59:53.143Z","last_downloaded_at":"2026-09-10T00:59:53.143Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480330","source_sha256":"e973fc470a5b941b1c55ebb99e8d6faa6467448cd907f905ee46fdb10d5dbd01"}},{"citation":"715-30-05-2","para":"05-2","html":"
Many of the provisions in this Subtopic are the same as or are similar to the provisions of Subtopic 715-60. Consequently, the guidance provided in that Subtopic may be useful in understanding and implementing many of the provisions of this Subtopic. However, there are differences between the specific requirements of the two Subtopics, and therefore the specific guidance in one Subtopic should not be used to override guidance of the other.
","snippet":"Many of the provisions in this Subtopic are the same as or are similar to the provisions of Subtopic 715-60. Consequently, the guidance provided in that Subtopic may be useful in understanding and implementing many of th…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1cdbb09b62dafb87f7c28ac827d89f538ea7505347f7619419ef6389604623c0","downloaded_from":"2026-09-10T00:59:53.143Z","last_downloaded_at":"2026-09-10T00:59:53.143Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480330","source_sha256":"e973fc470a5b941b1c55ebb99e8d6faa6467448cd907f905ee46fdb10d5dbd01"}},{"citation":"715-30-05-3","para":"05-3","html":"
The guidance in this Subtopic is presented in the following two Subsections:
  1. a
    General
  2. b
    Settlements, Curtailments, and Certain Termination Benefits.
","snippet":"The guidance in this Subtopic is presented in the following two Subsections:\n(a) General\n(b) Settlements, Curtailments, and Certain Termination Benefits.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:91d5b224bbd00eaa4dd38700db1b0cde62e3c9f252527938520041c3a75da8cd","downloaded_from":"2026-09-10T00:59:53.143Z","last_downloaded_at":"2026-09-10T00:59:53.143Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480330","source_sha256":"e973fc470a5b941b1c55ebb99e8d6faa6467448cd907f905ee46fdb10d5dbd01"}},{"citation":"715-30-05-4","para":"05-4","html":"
The General Subsections address the fundamentals of defined benefit pension accounting. A pension benefit is part of the compensation paid to an employee for services. Generally, the amount of benefit to be paid depends on a number of future events that are incorporated in the plan's benefit formula, often including how long the employee and any survivors live, how many years of service the employee renders, and the employee's compensation in the years immediately before retirement or termination.Conceptually, compensation cost should be recognized in the period in which the employee renders services. Although the complexity and uncertainty of the pension arrangement may preclude complete achievement of that goal, a fundamental objective of this Subtopic is to approximate more closely the recognition of the compensation cost of an employee's pension benefits over that employee's service period.
","snippet":"The General Subsections address the fundamentals of defined benefit pension accounting. A pension benefit is part of the compensation paid to an employee for services. Generally, the amount of benefit to be paid depends …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:601000335a224c835ccad7a00537ed9bc3f838b914cab4d7188afea4929d27a7","downloaded_from":"2026-09-10T00:59:53.143Z","last_downloaded_at":"2026-09-10T00:59:53.143Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480330","source_sha256":"e973fc470a5b941b1c55ebb99e8d6faa6467448cd907f905ee46fdb10d5dbd01"}},{"citation":"715-30-05-5","para":"05-5","html":"
Paragraph superseded by Accounting Standards Update No. 2017-07.
","snippet":"Paragraph superseded by Accounting Standards Update No. 2017-07.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:014c5568d73c66437b15f79b38850f3b41fa3ef916ff434fe4403a14359aa936","downloaded_from":"2026-09-10T00:59:53.143Z","last_downloaded_at":"2026-09-10T00:59:53.143Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480330","source_sha256":"e973fc470a5b941b1c55ebb99e8d6faa6467448cd907f905ee46fdb10d5dbd01"}},{"citation":"715-30-05-6","para":"05-6","html":"
The core elements of pension accounting include measurement of net periodic pension cost and benefit obligations (see paragraphs
715-30-35-1A through 35-41
), assumptions (see paragraphs
715-30-35-42 through 35-49
), and measurement of plan assets (see paragraphs
715-30-35-50 through 35-52
).
","snippet":"The core elements of pension accounting include measurement of net periodic pension cost and benefit obligations (see paragraphs 715-30-35-1A through 35-41), assumptions (see paragraphs 715-30-35-42 through 35-49), and m…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b2c603f2e037ac723c18b9ead86e8419fa99b98ad5dbf417d97813e73676cd1e","downloaded_from":"2026-09-10T00:59:53.143Z","last_downloaded_at":"2026-09-10T00:59:53.143Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480330","source_sha256":"e973fc470a5b941b1c55ebb99e8d6faa6467448cd907f905ee46fdb10d5dbd01"}},{"citation":"715-30-05-7","para":"05-7","html":"
Paragraph superseded by Accounting Standards Update No. 2017-07.
","snippet":"Paragraph superseded by Accounting Standards Update No. 2017-07.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:49d1fa29aa7987bee8388070d913daad6b1dc6d8fea0ba25ce5d908d4959906c","downloaded_from":"2026-09-10T00:59:53.143Z","last_downloaded_at":"2026-09-10T00:59:53.143Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480330","source_sha256":"e973fc470a5b941b1c55ebb99e8d6faa6467448cd907f905ee46fdb10d5dbd01"}},{"citation":"715-30-05-8","para":"05-8","html":"
Paragraph superseded by Accounting Standards Update No. 2017-07.
","snippet":"Paragraph superseded by Accounting Standards Update No. 2017-07.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:110900bf87495e3435c80a67433f08d66d6ff89fc95732a650076b83c81415e2","downloaded_from":"2026-09-10T00:59:53.143Z","last_downloaded_at":"2026-09-10T00:59:53.143Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480330","source_sha256":"e973fc470a5b941b1c55ebb99e8d6faa6467448cd907f905ee46fdb10d5dbd01"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3b6ff8a449215bd1a1213eb62dbca086ef11973fc81563184e3c3200bd2f6862","downloaded_from":"2026-09-10T00:59:53.143Z","last_downloaded_at":"2026-09-10T00:59:53.143Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480330","source_sha256":"e973fc470a5b941b1c55ebb99e8d6faa6467448cd907f905ee46fdb10d5dbd01"}},{"block":"Settlements, Curtailments, and Certain Termination Benefits","heading":null,"paragraphs":[{"citation":"715-30-05-9","para":"05-9","html":"
The Settlements, Curtailments, and Certain Termination Benefits Subsections establish standards for an employer's accounting for settlement of defined benefit pension obligations, for curtailment of a defined benefit pension plan, and for certain termination benefits, and define the events that require adjustments to assets and liabilities and that require certain amounts previously recognized in accumulated other comprehensive income to be recognized in earnings. The Settlements, Curtailments, and Certain Termination Benefits Subsections provide guidance that results in the net gain or loss and prior service cost, which were previously recognized in accumulated other comprehensive income, being recognized in income in the period when specific conditions are met.
  1. a
    Subparagraph superseded by Accounting Standards Update No. 2017-07.
  2. b
    Subparagraph superseded by Accounting Standards Update No. 2017-07.
  3. c
    Subparagraph superseded by Accounting Standards Update No. 2017-07.
  4. d
    Subparagraph superseded by Accounting Standards Update No. 2017-07.
  5. e
    Subparagraph superseded by Accounting Standards Update No. 2017-07.
  6. f
    Subparagraph superseded by Accounting Standards Update No. 2017-07.
","snippet":"The Settlements, Curtailments, and Certain Termination Benefits Subsections establish standards for an employer's accounting for settlement of defined benefit pension obligations, for curtailment of a defined benefit pen…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:98d8062cebc0ec2fb65f9d49d91adbb41b03963b05d96563103843c2b2410984","downloaded_from":"2026-09-10T00:59:53.143Z","last_downloaded_at":"2026-09-10T00:59:53.143Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480330","source_sha256":"e973fc470a5b941b1c55ebb99e8d6faa6467448cd907f905ee46fdb10d5dbd01"}},{"citation":"715-30-05-10","para":"05-10","html":"
Paragraph superseded by Accounting Standards Update No. 2017-07.
","snippet":"Paragraph superseded by Accounting Standards Update No. 2017-07.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e464539d2935d30029df2ddc111522ad3088ce91423c34d9255432a66d93de49","downloaded_from":"2026-09-10T00:59:53.143Z","last_downloaded_at":"2026-09-10T00:59:53.143Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480330","source_sha256":"e973fc470a5b941b1c55ebb99e8d6faa6467448cd907f905ee46fdb10d5dbd01"}},{"citation":"715-30-05-11","para":"05-11","html":"
Paragraph superseded by Accounting Standards Update No. 2017-07.
","snippet":"Paragraph superseded by Accounting Standards Update No. 2017-07.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e79fbaea9d3d5c5d1f73ac5125ecf409a6c2ca3898e6e6713f175a6147d61e0a","downloaded_from":"2026-09-10T00:59:53.143Z","last_downloaded_at":"2026-09-10T00:59:53.143Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480330","source_sha256":"e973fc470a5b941b1c55ebb99e8d6faa6467448cd907f905ee46fdb10d5dbd01"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:7079ed4c84c0841391a0d89426f0de69fc57fc4f10382ca6cd5de8119cade408","downloaded_from":"2026-09-10T00:59:53.143Z","last_downloaded_at":"2026-09-10T00:59:53.143Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480330","source_sha256":"e973fc470a5b941b1c55ebb99e8d6faa6467448cd907f905ee46fdb10d5dbd01"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:685d8efa06b5e4fcf8a608307118079635d2cea242d1854725ebae5d292dc0f7","downloaded_from":"2026-09-10T00:59:53.143Z","last_downloaded_at":"2026-09-10T00:59:53.143Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480330","source_sha256":"e973fc470a5b941b1c55ebb99e8d6faa6467448cd907f905ee46fdb10d5dbd01"}},{"number":"15","label":"15 Scope and Scope Exceptions","anchor":"15-scope-and-scope-exceptions","is_sec":false,"groups":[{"block":null,"heading":"Overall Guidance","paragraphs":[{"citation":"715-30-15-1","para":"15-1","html":"
This Subtopic follows the same Scope and Scope Exceptions as outlined in the Overall Subtopic, see Section 715-10-15, with specific qualifications and exceptions noted below.
","snippet":"This Subtopic follows the same Scope and Scope Exceptions as outlined in the Overall Subtopic, see Section 715-10-15, with specific qualifications and exceptions noted below.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8be4377d85c30e44dc7f20605b11a7fb5c8e368cba3f413bf8e4373f5df70d59","downloaded_from":"2026-09-10T00:59:56.604Z","last_downloaded_at":"2026-09-10T00:59:56.604Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480304","source_sha256":"57cec976143cc33d15f6a95957c046d57ee12d8ece6d03ace03cb8675653d739"}},{"citation":"715-30-15-2","para":"15-2","html":"
The General Subsection of this Section establishes the pervasive scope for this Subtopic, with specific exceptions noted in the other Subsections of this Section.
","snippet":"The General Subsection of this Section establishes the pervasive scope for this Subtopic, with specific exceptions noted in the other Subsections of this Section.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b1ebee5c79c7fa7648f72d2eb7a94d1ff81ff8a8b92ebbd8d56c992447b11d6b","downloaded_from":"2026-09-10T00:59:56.604Z","last_downloaded_at":"2026-09-10T00:59:56.604Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480304","source_sha256":"57cec976143cc33d15f6a95957c046d57ee12d8ece6d03ace03cb8675653d739"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f9afed31c97f800fe2722086b7aee904e2f9c68e81b1d08c946d8f687351bd30","downloaded_from":"2026-09-10T00:59:56.604Z","last_downloaded_at":"2026-09-10T00:59:56.604Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480304","source_sha256":"57cec976143cc33d15f6a95957c046d57ee12d8ece6d03ace03cb8675653d739"}},{"block":null,"heading":"Transactions","paragraphs":[{"citation":"715-30-15-3","para":"15-3","html":"
The guidance in this Subtopic applies to defined benefit pension plans, including but not limited to the following types of arrangements:
  1. a
    Cash balance plans
  2. b
    Benefits provided in the event of a voluntary or involuntary severance of employment (also called termination indemnities) if such an arrangement is in substance a pension plan (for example, if the benefits are paid for virtually all terminations).
","snippet":"The guidance in this Subtopic applies to defined benefit pension plans, including but not limited to the following types of arrangements:\n(a) Cash balance plans\n(b) Benefits provided in the event of a voluntary or involu…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:17237bc1d05e5976558c3c988ba9d5e1ce65b35f61521616128227544b295ffd","downloaded_from":"2026-09-10T00:59:56.604Z","last_downloaded_at":"2026-09-10T00:59:56.604Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480304","source_sha256":"57cec976143cc33d15f6a95957c046d57ee12d8ece6d03ace03cb8675653d739"}},{"citation":"715-30-15-4","para":"15-4","html":"
The guidance in this Subtopic does not apply to the following types of benefit plans or arrangements:
  1. a
    Life insurance benefits provided outside a pension plan or other postretirement health and welfare benefits
  2. b
    Health care benefits provided through a pension plan. The accounting for those benefits is set forth in Subtopic 715-60.
","snippet":"The guidance in this Subtopic does not apply to the following types of benefit plans or arrangements:\n(a) Life insurance benefits provided outside a pension plan or other postretirement health and welfare benefits\n(b) He…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:6978f39dc23280884c6517a191f461f5e45ff1816d3d87a331e7ce116c29c1ff","downloaded_from":"2026-09-10T00:59:56.604Z","last_downloaded_at":"2026-09-10T00:59:56.604Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480304","source_sha256":"57cec976143cc33d15f6a95957c046d57ee12d8ece6d03ace03cb8675653d739"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0ed04867531a410104a3c3390f930d61009144da3d2d0e645aea277db1b2db07","downloaded_from":"2026-09-10T00:59:56.604Z","last_downloaded_at":"2026-09-10T00:59:56.604Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480304","source_sha256":"57cec976143cc33d15f6a95957c046d57ee12d8ece6d03ace03cb8675653d739"}},{"block":null,"heading":"Plans with Characteristics of both a Defined Contribution and a Defined Benefit Plan","paragraphs":[{"citation":"715-30-15-4A","para":"15-4A","html":"
See paragraph 715-70-15-2 for guidance for plans with characteristics of both a defined contribution and a defined benefit plan.
","snippet":"See paragraph 715-70-15-2 for guidance for plans with characteristics of both a defined contribution and a defined benefit plan.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e7b4dcc99cbac411615fda2af62ce189d634612853096b881820ee319a054baa","downloaded_from":"2026-09-10T00:59:56.604Z","last_downloaded_at":"2026-09-10T00:59:56.604Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480304","source_sha256":"57cec976143cc33d15f6a95957c046d57ee12d8ece6d03ace03cb8675653d739"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:fbe0aaff81e3d7d35134c2d215a882553cb8fb995d6c43f87bd192664cc5253f","downloaded_from":"2026-09-10T00:59:56.604Z","last_downloaded_at":"2026-09-10T00:59:56.604Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480304","source_sha256":"57cec976143cc33d15f6a95957c046d57ee12d8ece6d03ace03cb8675653d739"}},{"block":"Settlements, Curtailments, and Certain Termination Benefits","heading":"Overall Guidance","paragraphs":[{"citation":"715-30-15-5","para":"15-5","html":"
The Settlements, Curtailments, and Certain Termination Benefits Subsections follow the same Scope and Scope Exceptions as outlined in the General Subsection of this Subtopic, see paragraph 715-30-15-1, with specific exceptions noted below.
","snippet":"The Settlements, Curtailments, and Certain Termination Benefits Subsections follow the same Scope and Scope Exceptions as outlined in the General Subsection of this Subtopic, see paragraph 715-30-15-1, with specific exce…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ee042583890dd6680d1afde2c2aa2fd3a32926d6aa0ab99a0eb22445367e5212","downloaded_from":"2026-09-10T00:59:56.604Z","last_downloaded_at":"2026-09-10T00:59:56.604Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480304","source_sha256":"57cec976143cc33d15f6a95957c046d57ee12d8ece6d03ace03cb8675653d739"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:bd63c917594080c1656e4ca1bebdd1d1e8e6c223e682f21a1be3becca14e093e","downloaded_from":"2026-09-10T00:59:56.604Z","last_downloaded_at":"2026-09-10T00:59:56.604Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480304","source_sha256":"57cec976143cc33d15f6a95957c046d57ee12d8ece6d03ace03cb8675653d739"}},{"block":"Settlements, Curtailments, and Certain Termination Benefits","heading":"Transactions","paragraphs":[{"citation":"715-30-15-6","para":"15-6","html":"
The guidance in the Settlements, Curtailments, and Certain Termination Benefits Subsections applies to the following transactions and activities:
  1. a
    If all or part of the plan's pension benefit obligation is settled or the plan is curtailed:
    1. 1
      Plan settlements. Examples of transactions that constitute a settlement include making lump-sum cash payments to plan participants in exchange for their rights to receive specified pension benefits and purchasing nonparticipating annuity contracts to cover vested benefits.
    2. 2
      Plan curtailments, which include:
      1. i
        Termination of employees' services earlier than expected, which may or may not involve closing a facility or discontinuing a component of an entity.
      2. ii
        Termination or suspension of a plan so that employees do not earn additional defined benefits for future services. In the latter situation, future service may be counted toward vesting of benefits accumulated based on past service.
  2. b
    Termination benefits provided under an ongoing defined benefit pension arrangement.
  3. c
    Other termination benefits not otherwise addressed in the following:
    1. 1
      Topic 420
    2. 2
      Topic 710
    3. 3
      Topic 712
    4. 4
      Subtopic 715-60.
","snippet":"The guidance in the Settlements, Curtailments, and Certain Termination Benefits Subsections applies to the following transactions and activities:\n(a) If all or part of the plan's pension benefit obligation is settled or …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f3fb99403ec1e3f22ae3e7913429c67e524ea140cb99b9558298a5a757e3a9ff","downloaded_from":"2026-09-10T00:59:56.604Z","last_downloaded_at":"2026-09-10T00:59:56.604Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480304","source_sha256":"57cec976143cc33d15f6a95957c046d57ee12d8ece6d03ace03cb8675653d739"}},{"citation":"715-30-15-7","para":"15-7","html":"
The guidance in the Settlements, Curtailments, and Certain Termination Benefits Subsections does not apply to the following transactions and activities:
  1. a
    An employer's withdrawal from a multiemployer pension plan
  2. b
    Other termination benefits addressed in the following:
    1. 1
      Topic 420
    2. 2
      Topic 710
    3. 3
      Topic 712
    4. 4
      Subtopic 715-60.
","snippet":"The guidance in the Settlements, Curtailments, and Certain Termination Benefits Subsections does not apply to the following transactions and activities:\n(a) An employer's withdrawal from a multiemployer pension plan\n(b) …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:5434860851403ae288dfccfad4e6e71fc4e8b9455112126afac6b99a00b53bb6","downloaded_from":"2026-09-10T00:59:56.604Z","last_downloaded_at":"2026-09-10T00:59:56.604Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480304","source_sha256":"57cec976143cc33d15f6a95957c046d57ee12d8ece6d03ace03cb8675653d739"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ad5e311cd4b4bc2dd2c6532c957236ddb77dee58e2d6d7642f33258e4db4393b","downloaded_from":"2026-09-10T00:59:56.604Z","last_downloaded_at":"2026-09-10T00:59:56.604Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480304","source_sha256":"57cec976143cc33d15f6a95957c046d57ee12d8ece6d03ace03cb8675653d739"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:da6f0070ee8e80dbeebe3fd972787ae00dec48eaf392ed8d2e74346ba489b923","downloaded_from":"2026-09-10T00:59:56.604Z","last_downloaded_at":"2026-09-10T00:59:56.604Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480304","source_sha256":"57cec976143cc33d15f6a95957c046d57ee12d8ece6d03ace03cb8675653d739"}},{"number":"25","label":"25 Recognition","anchor":"25-recognition","is_sec":false,"groups":[{"block":null,"heading":"Recognition of Liabilities and Assets","paragraphs":[{"citation":"715-30-25-1","para":"25-1","html":"
If the projected benefit obligation exceeds the fair value of plan assets, the employer shall recognize in its statement of financial position a liability that equals the unfunded projected benefit obligation. If the fair value of plan assets exceeds the projected benefit obligation, the employer shall recognize in its statement of financial position an asset that equals the overfunded projected benefit obligation.
","snippet":"If the projected benefit obligation exceeds the fair value of plan assets, the employer shall recognize in its statement of financial position a liability that equals the unfunded projected benefit obligation. If the fai…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d370f34a03554f600fc9de7a10a2d67f68520dddc9e3eb711fc0d74c21db596f","downloaded_from":"2026-09-10T01:00:01.670Z","last_downloaded_at":"2026-09-10T01:00:01.670Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480243","source_sha256":"533a887883b8749438ebac1ee0353ead914e4295c8ff90bcf55291fcc9a27370"}},{"citation":"715-30-25-2","para":"25-2","html":"
The employer shall aggregate the statuses of all overfunded plans and recognize that amount as an asset in its statement of financial position. It also shall aggregate the statuses of all underfunded plans and recognize that amount as a liability in its statement of financial position.
","snippet":"The employer shall aggregate the statuses of all overfunded plans and recognize that amount as an asset in its statement of financial position. It also shall aggregate the statuses of all underfunded plans and recognize …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c8e821c36e6786c47c85d711f2f7a6c999a05fe64e6be8b952bc90a1e413a28a","downloaded_from":"2026-09-10T01:00:01.670Z","last_downloaded_at":"2026-09-10T01:00:01.670Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480243","source_sha256":"533a887883b8749438ebac1ee0353ead914e4295c8ff90bcf55291fcc9a27370"}},{"citation":"715-30-25-3","para":"25-3","html":"
The asset or liability that is recognized pursuant to paragraph 715-30-25-1 may result in a temporary difference, as defined in Subtopic 740-10. The deferred tax effects of any temporary differences shall be recognized in income tax expense or benefit for the year and shall be allocated to various financial statement components, including other comprehensive income, pursuant to Section 740-20-45.
","snippet":"The asset or liability that is recognized pursuant to paragraph 715-30-25-1 may result in a temporary difference, as defined in Subtopic 740-10. The deferred tax effects of any temporary differences shall be recognized i…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e726ca858e5e72eb27447e28bdf0c3379c2afc83adc92e5ac8db3748b03965b9","downloaded_from":"2026-09-10T01:00:01.670Z","last_downloaded_at":"2026-09-10T01:00:01.670Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480243","source_sha256":"533a887883b8749438ebac1ee0353ead914e4295c8ff90bcf55291fcc9a27370"}},{"citation":"715-30-25-4","para":"25-4","html":"
If a new determination of the funded status of a plan to be recognized as an asset or a liability in the employer's statement of financial position is made (see paragraphs
715-30-35-62 through 35-69
), or when net gains or losses, prior service costs or credits, or the net transition asset or obligation existing at the date of initial application of this Subtopic are amortized as components of net periodic pension cost, the related balances for those net gains or losses, prior service costs or credits, and transition asset or obligation in accumulated other comprehensive income shall be adjusted as necessary and reported in other comprehensive income.
","snippet":"If a new determination of the funded status of a plan to be recognized as an asset or a liability in the employer's statement of financial position is made (see paragraphs 715-30-35-62 through 35-69), or when net gains o…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:099b6f9fd9b0ed0bbe024018572b1afab275b43ddd4864caf9f26e72a3821bac","downloaded_from":"2026-09-10T01:00:01.670Z","last_downloaded_at":"2026-09-10T01:00:01.670Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480243","source_sha256":"533a887883b8749438ebac1ee0353ead914e4295c8ff90bcf55291fcc9a27370"}},{"citation":"715-30-25-5","para":"25-5","html":"
Sometimes, an entity remeasures both plan assets and benefit obligations during the fiscal year. Paragraph 715-30-35-66 provides an example of some events that may require a remeasurement. Upon remeasurement, a business entity shall adjust its statement of financial position in a subsequent interim period to reflect the overfunded or underfunded status of the plan consistent with that measurement date.
","snippet":"Sometimes, an entity remeasures both plan assets and benefit obligations during the fiscal year. Paragraph 715-30-35-66 provides an example of some events that may require a remeasurement. Upon remeasurement, a business …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:932dc47e4cda54c86476e3dd73791aaaafd129e13cf1c1031cf22e2ef678848e","downloaded_from":"2026-09-10T01:00:01.670Z","last_downloaded_at":"2026-09-10T01:00:01.670Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480243","source_sha256":"533a887883b8749438ebac1ee0353ead914e4295c8ff90bcf55291fcc9a27370"}},{"citation":"715-30-25-6","para":"25-6","html":"
An employer that sponsors two or more separate defined benefit pension plans shall determine net periodic pension cost, liabilities, and assets by separately applying the provisions of this Subtopic to each plan. In particular, unless an employer clearly has a right to use the assets of one plan to pay benefits of another, a liability required to be recognized pursuant to paragraph 715-30-25-1 for one plan shall not be reduced or eliminated because the employer has recognized an asset for another plan that has assets in excess of its projected benefit obligation.
","snippet":"An employer that sponsors two or more separate defined benefit pension plans shall determine net periodic pension cost, liabilities, and assets by separately applying the provisions of this Subtopic to each plan. In part…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0c9f82d856fd1f3282a416d191b0d774342ba92fee26bd04bce41ba115e7bca0","downloaded_from":"2026-09-10T01:00:01.670Z","last_downloaded_at":"2026-09-10T01:00:01.670Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480243","source_sha256":"533a887883b8749438ebac1ee0353ead914e4295c8ff90bcf55291fcc9a27370"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:6e5898765d39e7c6cd9d3dd6e50ceaec62f83adc2f54757dd95d866bbdcfa53b","downloaded_from":"2026-09-10T01:00:01.670Z","last_downloaded_at":"2026-09-10T01:00:01.670Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480243","source_sha256":"533a887883b8749438ebac1ee0353ead914e4295c8ff90bcf55291fcc9a27370"}},{"block":null,"heading":"Participation Rights","paragraphs":[{"citation":"715-30-25-7","para":"25-7","html":"
If an annuity contract with a participation right is purchased, the cost of the participation right shall be recognized at the date of purchase as an asset. To the extent that benefits currently earned are covered by annuity contracts, the cost of those benefits shall be the cost of purchasing the contracts, except for the cost of the participation right.
","snippet":"If an annuity contract with a participation right is purchased, the cost of the participation right shall be recognized at the date of purchase as an asset. To the extent that benefits currently earned are covered by ann…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:76c92709c01bf3db7540adf2d7dd4435745c236a42d99f1cb4ef99c8c22a12c6","downloaded_from":"2026-09-10T01:00:01.670Z","last_downloaded_at":"2026-09-10T01:00:01.670Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480243","source_sha256":"533a887883b8749438ebac1ee0353ead914e4295c8ff90bcf55291fcc9a27370"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b36ee7f4159253183c94d39a4db381bfa2b0739cbbec68e938a13bb6f50355e4","downloaded_from":"2026-09-10T01:00:01.670Z","last_downloaded_at":"2026-09-10T01:00:01.670Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480243","source_sha256":"533a887883b8749438ebac1ee0353ead914e4295c8ff90bcf55291fcc9a27370"}},{"block":"Settlements, Curtailments, and Certain Termination Benefits","heading":"Certain Termination Benefits","paragraphs":[{"citation":"715-30-25-8","para":"25-8","html":"
This Subsection addresses the accounting for termination benefits that are not otherwise addressed in the Subtopic and Topics indicated in paragraph 715-30-15-6c.
","snippet":"This Subsection addresses the accounting for termination benefits that are not otherwise addressed in the Subtopic and Topics indicated in paragraph 715-30-15-6c.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f858cbf775645111e17349abf12adb143bfd987ec202c06063a356c5e1e3ca3b","downloaded_from":"2026-09-10T01:00:01.670Z","last_downloaded_at":"2026-09-10T01:00:01.670Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480243","source_sha256":"533a887883b8749438ebac1ee0353ead914e4295c8ff90bcf55291fcc9a27370"}},{"citation":"715-30-25-9","para":"25-9","html":"
An employer may provide benefits to employees in connection with their termination of employment. Those benefits may be either special termination benefits offered only for a short period of time or contractual termination benefits required by the terms of a plan only if a specified event, such as a plant closing, causes employees' services to be terminated involuntarily.
","snippet":"An employer may provide benefits to employees in connection with their termination of employment. Those benefits may be either special termination benefits offered only for a short period of time or contractual terminati…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a07b69af37f8d9d51d57a249ce5b5fe1096ce2d1f82f54f8588ea42595c99586","downloaded_from":"2026-09-10T01:00:01.670Z","last_downloaded_at":"2026-09-10T01:00:01.670Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480243","source_sha256":"533a887883b8749438ebac1ee0353ead914e4295c8ff90bcf55291fcc9a27370"}},{"citation":"715-30-25-10","para":"25-10","html":"
Termination benefits may take various forms including lump-sum payments, periodic future payments, or both. They may be paid directly from an employer's assets, an existing pension plan, a new employee benefit plan, or a combination of those means. An employer that offers special termination benefits to employees shall recognize a liability and a loss when the employees accept the offer and the amount can be reasonably estimated. An employer that provides contractual termination benefits shall recognize a liability and a loss when it is probable that employees will be entitled to benefits and the amount can be reasonably estimated.
","snippet":"Termination benefits may take various forms including lump-sum payments, periodic future payments, or both. They may be paid directly from an employer's assets, an existing pension plan, a new employee benefit plan, or a…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b179742c2f22bf1dec5cac3635be3c4df0dc3e67b2bbcb558d84b35e0355030e","downloaded_from":"2026-09-10T01:00:01.670Z","last_downloaded_at":"2026-09-10T01:00:01.670Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480243","source_sha256":"533a887883b8749438ebac1ee0353ead914e4295c8ff90bcf55291fcc9a27370"}},{"citation":"715-30-25-11","para":"25-11","html":"
The cost of termination benefits within the scope of this Subsection recognized as a liability and a loss shall include the amount of any lump-sum payments and the present value of any expected future payments. The liability and the loss from the acceptance of the offer of special termination benefits is the difference as of the date the employees accept the offer between the actuarial present value of the respective employees' accumulated pension benefits without considering the special termination benefits and the actuarial present value of their accumulated pension benefits considering the special termination benefits.
","snippet":"The cost of termination benefits within the scope of this Subsection recognized as a liability and a loss shall include the amount of any lump-sum payments and the present value of any expected future payments. The liabi…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f9ead498460dd3fa08cc0b4a7eb16aca29b36e0d869613c77cf3b7063aaa4c95","downloaded_from":"2026-09-10T01:00:01.670Z","last_downloaded_at":"2026-09-10T01:00:01.670Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480243","source_sha256":"533a887883b8749438ebac1ee0353ead914e4295c8ff90bcf55291fcc9a27370"}},{"citation":"715-30-25-12","para":"25-12","html":"
See Example 6 (paragraph 715-30-55-226) for an illustration of the determination of the liability and the losses from employees' acceptance of an offer of special termination benefits.
","snippet":"See Example 6 (paragraph 715-30-55-226) for an illustration of the determination of the liability and the losses from employees' acceptance of an offer of special termination benefits.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:139a012bbb12dcfd26db4eb693ee5d017fec22e3bacce40eafae604dedbe4a9e","downloaded_from":"2026-09-10T01:00:01.670Z","last_downloaded_at":"2026-09-10T01:00:01.670Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480243","source_sha256":"533a887883b8749438ebac1ee0353ead914e4295c8ff90bcf55291fcc9a27370"}},{"citation":"715-30-25-13","para":"25-13","html":"
A situation involving termination benefits may also involve a curtailment to be accounted for under paragraphs
715-30-35-92 through 35-95
.
","snippet":"A situation involving termination benefits may also involve a curtailment to be accounted for under paragraphs 715-30-35-92 through 35-95.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ad88f11ae54ca24dadab3dd8b0ace241ff4c5442283568674295c782d33fc062","downloaded_from":"2026-09-10T01:00:01.670Z","last_downloaded_at":"2026-09-10T01:00:01.670Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480243","source_sha256":"533a887883b8749438ebac1ee0353ead914e4295c8ff90bcf55291fcc9a27370"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:57206b669e2aa3905d2781d8357743e2d469a1f08b2a2bf33eded175f801a16a","downloaded_from":"2026-09-10T01:00:01.670Z","last_downloaded_at":"2026-09-10T01:00:01.670Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480243","source_sha256":"533a887883b8749438ebac1ee0353ead914e4295c8ff90bcf55291fcc9a27370"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:df39fddb8cb3f28a453711988cc921368ee2be121d7d7dd1c366d90629ce4704","downloaded_from":"2026-09-10T01:00:01.670Z","last_downloaded_at":"2026-09-10T01:00:01.670Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480243","source_sha256":"533a887883b8749438ebac1ee0353ead914e4295c8ff90bcf55291fcc9a27370"}},{"number":"35","label":"35 Subsequent Measurement","anchor":"35-subsequent-measurement","is_sec":false,"groups":[{"block":null,"heading":"Use of Reasonable Approximations","paragraphs":[{"citation":"715-30-35-1","para":"35-1","html":"
This Subtopic is intended to specify accounting objectives and results rather than specific computational means of obtaining those results. If estimates, averages, or computational shortcuts can reduce the cost of applying this Subtopic, their use is appropriate, provided the results are reasonably expected not to be materially different from the results of a detailed application.
","snippet":"This Subtopic is intended to specify accounting objectives and results rather than specific computational means of obtaining those results. If estimates, averages, or computational shortcuts can reduce the cost of applyi…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f4fc682a40eb3658283d0b33d6b565099bc5d0749f903fb1e77b1e805ca804fa","downloaded_from":"2026-09-10T01:00:03.442Z","last_downloaded_at":"2026-09-10T01:00:03.442Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480213","source_sha256":"eddd5caa32976b67cade3dea1aab2528999cb1eb08b3394cd3da0619b986d9d6"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:659c6f67b77f3fba2c43591769c70517f8d5d27054e75b2ad9a5fe885d761d0d","downloaded_from":"2026-09-10T01:00:03.442Z","last_downloaded_at":"2026-09-10T01:00:03.442Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480213","source_sha256":"eddd5caa32976b67cade3dea1aab2528999cb1eb08b3394cd3da0619b986d9d6"}},{"block":null,"heading":"Benefit Obligations","paragraphs":[{"citation":"715-30-35-1A","para":"35-1A","html":"
The projected benefit obligation as of a date is the actuarial present value of all benefits attributed by the plan's benefit formula to employee service rendered before that date. The projected benefit obligation is measured using an assumption as to future compensation levels if the pension benefit formula is based on those future compensation levels. Plans for which the pension benefit formula is based on future compensation are sometimes called pay-related, final-pay, final-average-pay, or career-average-pay plans. Plans for which the pension benefit formula is not based on future compensation levels are called non-pay-related or flat-benefit plans. The projected benefit obligation is a measure of benefits attributed to service to date assuming that the plan continues in effect and that estimated future events (including compensation increases, turnover, and mortality) occur.
","snippet":"The projected benefit obligation as of a date is the actuarial present value of all benefits attributed by the plan's benefit formula to employee service rendered before that date. The projected benefit obligation is mea…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:70964fbd54eae0c63c58491dba4986e6addea4ee67d992ced9516301d10a2eb1","downloaded_from":"2026-09-10T01:00:03.442Z","last_downloaded_at":"2026-09-10T01:00:03.442Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480213","source_sha256":"eddd5caa32976b67cade3dea1aab2528999cb1eb08b3394cd3da0619b986d9d6"}},{"citation":"715-30-35-2","para":"35-2","html":"
The accumulated benefit obligation as of a date is the actuarial present value of benefits attributed by the pension benefit formula to employee service rendered before that date and based on current and past compensation levels. The accumulated benefit obligation differs from the projected benefit obligation in that it includes no assumption about future compensation levels. For plans with flat-benefit or non-pay-related pension benefit formulas, the accumulated benefit obligation and the projected benefit obligation are the same. The accumulated benefit obligation and the vested benefit obligation provide information about the obligation the employer would have if the plan were discontinued.
","snippet":"The accumulated benefit obligation as of a date is the actuarial present value of benefits attributed by the pension benefit formula to employee service rendered before that date and based on current and past compensatio…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:11dbc89a543adcb8adf22beb36082432a9fa319a3344c51a5bc12c1d0f173e82","downloaded_from":"2026-09-10T01:00:03.442Z","last_downloaded_at":"2026-09-10T01:00:03.442Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480213","source_sha256":"eddd5caa32976b67cade3dea1aab2528999cb1eb08b3394cd3da0619b986d9d6"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:23395cf9a3d971415a9b0d5a28ad084a0d01d0d2185fff612594e6de873b8f78","downloaded_from":"2026-09-10T01:00:03.442Z","last_downloaded_at":"2026-09-10T01:00:03.442Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480213","source_sha256":"eddd5caa32976b67cade3dea1aab2528999cb1eb08b3394cd3da0619b986d9d6"}},{"block":null,"heading":"Components of Net Periodic Pension Cost","paragraphs":[{"citation":"715-30-35-3","para":"35-3","html":"
Net periodic pension cost has often been viewed as a single homogeneous amount, but in fact it is made up of several components that reflect different aspects of the employer's financial arrangements as well as the cost of benefits earned by employees. The cost of a benefit can be determined without regard to how the employer decides to finance the plan.
","snippet":"Net periodic pension cost has often been viewed as a single homogeneous amount, but in fact it is made up of several components that reflect different aspects of the employer's financial arrangements as well as the cost …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a22b527890b85e95310a1d05c719e2635f5fa614866adb5dd704f9b2409117af","downloaded_from":"2026-09-10T01:00:03.442Z","last_downloaded_at":"2026-09-10T01:00:03.442Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480213","source_sha256":"eddd5caa32976b67cade3dea1aab2528999cb1eb08b3394cd3da0619b986d9d6"}},{"citation":"715-30-35-4","para":"35-4","html":"
All of the following components shall be included in the net pension cost recognized for a period by an employer sponsoring a defined benefit pension plan:
  1. a
    Service cost
  2. b
    Interest cost
  3. c
    Actual return on plan assets, if any
  4. d
    Amortization of any prior service cost or credit included in accumulated other comprehensive income
  5. e
    Gain or loss (including the effects of changes in assumptions), which includes, to the extent recognized (see paragraph 715-30-35-26), amortization of the net gain or loss included in accumulated other comprehensive income
  6. f
    Amortization of any net transition asset or obligation existing at the date of initial application of this Subtopic and remaining in accumulated other comprehensive income.
","snippet":"All of the following components shall be included in the net pension cost recognized for a period by an employer sponsoring a defined benefit pension plan:\n(a) Service cost\n(b) Interest cost\n(c) Actual return on plan ass…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:7fdf3e910c8faeded4ab5bc9ef4864044ac872bba1e0e7ff0cb7ddc81f1199a8","downloaded_from":"2026-09-10T01:00:03.442Z","last_downloaded_at":"2026-09-10T01:00:03.442Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480213","source_sha256":"eddd5caa32976b67cade3dea1aab2528999cb1eb08b3394cd3da0619b986d9d6"}},{"citation":"715-30-35-5","para":"35-5","html":"
Note that both the return on plan assets and interest cost components are in substance financial items rather than employee compensation costs. An employer may have net periodic pension cost that is a net credit (that is, net periodic pension income) as noted in paragraph 715-30-55-3.
","snippet":"Note that both the return on plan assets and interest cost components are in substance financial items rather than employee compensation costs. An employer may have net periodic pension cost that is a net credit (that is…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:624809ff430ed42fae6e7a74e35df1754bddf46b39848311b4b7873cd5acee6f","downloaded_from":"2026-09-10T01:00:03.442Z","last_downloaded_at":"2026-09-10T01:00:03.442Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480213","source_sha256":"eddd5caa32976b67cade3dea1aab2528999cb1eb08b3394cd3da0619b986d9d6"}},{"citation":"715-30-35-6","para":"35-6","html":"
The service cost component of net periodic pension cost is the actuarial present value of benefits attributed by the plan's benefit formula to services rendered by employees during the period. The service cost component is conceptually the same for an unfunded plan, a plan with minimal funding, and a well-funded plan.
","snippet":"The service cost component of net periodic pension cost is the actuarial present value of benefits attributed by the plan's benefit formula to services rendered by employees during the period. The service cost component …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d4d6bd444db6b18ce4226cb07d38672d618df0fdfc3b3234dd0c0a2819701365","downloaded_from":"2026-09-10T01:00:03.442Z","last_downloaded_at":"2026-09-10T01:00:03.442Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480213","source_sha256":"eddd5caa32976b67cade3dea1aab2528999cb1eb08b3394cd3da0619b986d9d6"}},{"citation":"715-30-35-7","para":"35-7","html":"
The measurement of the service cost component requires use of an attribution method and assumptions. That measurement is discussed in paragraphs
715-30-35-29 through 35-46
.
","snippet":"The measurement of the service cost component requires use of an attribution method and assumptions. That measurement is discussed in paragraphs 715-30-35-29 through 35-46.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:cecad1e71d2f821b797142a688e32b0bfd78c546a8fb35e66cb4ec9d26f39e2a","downloaded_from":"2026-09-10T01:00:03.442Z","last_downloaded_at":"2026-09-10T01:00:03.442Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480213","source_sha256":"eddd5caa32976b67cade3dea1aab2528999cb1eb08b3394cd3da0619b986d9d6"}},{"citation":"715-30-35-7A","para":"35-7A","html":"
The service cost component shall be the only component of net periodic pension cost eligible to be capitalized as part of the cost of inventory or other assets.
","snippet":"The service cost component shall be the only component of net periodic pension cost eligible to be capitalized as part of the cost of inventory or other assets.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:bcae22a75c40be21a16245b0f521eef2531cd610155938473be04758809e5184","downloaded_from":"2026-09-10T01:00:03.442Z","last_downloaded_at":"2026-09-10T01:00:03.442Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480213","source_sha256":"eddd5caa32976b67cade3dea1aab2528999cb1eb08b3394cd3da0619b986d9d6"}},{"citation":"715-30-35-8","para":"35-8","html":"
The interest cost component of net periodic pension cost is interest on the projected benefit obligation, which is a discounted amount. Measuring the projected benefit obligation as a present value requires accrual of an interest cost at rates equal to the assumed discount rates.
","snippet":"The interest cost component of net periodic pension cost is interest on the projected benefit obligation, which is a discounted amount. Measuring the projected benefit obligation as a present value requires accrual of an…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c2353a3da95245044dd07cf80604b878208f79f687a8c5285763c2e5058abbf5","downloaded_from":"2026-09-10T01:00:03.442Z","last_downloaded_at":"2026-09-10T01:00:03.442Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480213","source_sha256":"eddd5caa32976b67cade3dea1aab2528999cb1eb08b3394cd3da0619b986d9d6"}},{"citation":"715-30-35-9","para":"35-9","html":"
The interest cost component of net periodic pension cost shall not be considered interest for purposes of applying Subtopic 835-20.
","snippet":"The interest cost component of net periodic pension cost shall not be considered interest for purposes of applying Subtopic 835-20.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:28a089b5214e7cd81ac29207712820014dd0213cfda60928c62e9d33c5d2a726","downloaded_from":"2026-09-10T01:00:03.442Z","last_downloaded_at":"2026-09-10T01:00:03.442Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480213","source_sha256":"eddd5caa32976b67cade3dea1aab2528999cb1eb08b3394cd3da0619b986d9d6"}},{"citation":"715-30-35-10","para":"35-10","html":"
Plan amendments (including initiation of a plan) often include provisions that grant increased benefits based on services rendered in prior periods. Because plan amendments are granted with the expectation that the employer will realize economic benefits in future periods, this Subtopic does not require the cost of providing such retroactive benefits (that is, prior service cost) to be included in net periodic pension cost entirely in the year of the amendment, absent the conditions addressed in paragraph 715-30-35-16, but provides for recognition during the future service periods of those employees active at the date of the amendment who are expected to receive benefits under the plan.
","snippet":"Plan amendments (including initiation of a plan) often include provisions that grant increased benefits based on services rendered in prior periods. Because plan amendments are granted with the expectation that the emplo…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:5b2eb6adc471a15c65d51754c4d5edcb75153076a59196b5da15b448a9949e9f","downloaded_from":"2026-09-10T01:00:03.442Z","last_downloaded_at":"2026-09-10T01:00:03.442Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480213","source_sha256":"eddd5caa32976b67cade3dea1aab2528999cb1eb08b3394cd3da0619b986d9d6"}},{"citation":"715-30-35-11","para":"35-11","html":"
A plan amendment that retroactively increases benefits (including benefits that are granted to retirees) increases the projected benefit obligation. The cost of the benefit improvement shall be recognized as a charge to other comprehensive income at the date of the amendment. Except as specified in paragraphs
715-30-35-13 through 35-16
, that prior service cost shall be amortized as a component of net periodic pension cost by assigning an equal amount to each future period of service of each employee active at the date of the amendment who is expected to receive benefits under the plan. If all or almost all of a plan's participants are inactive, the cost of retroactive plan amendments affecting benefits of inactive participants shall be amortized based on the remaining life expectancy of those participants instead of based on the remaining service period. Other comprehensive income is adjusted each period as prior service cost is amortized.
","snippet":"A plan amendment that retroactively increases benefits (including benefits that are granted to retirees) increases the projected benefit obligation. The cost of the benefit improvement shall be recognized as a charge to …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:de7470905399ced77e35d8a1a3a5ea6d5b093533fe78afa5356f980266daee0d","downloaded_from":"2026-09-10T01:00:03.442Z","last_downloaded_at":"2026-09-10T01:00:03.442Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480213","source_sha256":"eddd5caa32976b67cade3dea1aab2528999cb1eb08b3394cd3da0619b986d9d6"}},{"citation":"715-30-35-12","para":"35-12","html":"
See Example 1 (paragraph 715-30-55-93) for an illustration of this guidance to amortize prior service cost.
","snippet":"See Example 1 (paragraph 715-30-55-93) for an illustration of this guidance to amortize prior service cost.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:7dd3747870a5ddc9c662182b409c94f84ba83b9e2c003a51f01ca2a4716b07a4","downloaded_from":"2026-09-10T01:00:03.442Z","last_downloaded_at":"2026-09-10T01:00:03.442Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480213","source_sha256":"eddd5caa32976b67cade3dea1aab2528999cb1eb08b3394cd3da0619b986d9d6"}},{"citation":"715-30-35-13","para":"35-13","html":"
To reduce the complexity and detail of the computations required, consistent use of an alternative approach that more rapidly amortizes the cost of retroactive amendments is acceptable. For example, a straight-line amortization of the cost over the average remaining service period of employees expected to receive benefits under the plan is acceptable.
","snippet":"To reduce the complexity and detail of the computations required, consistent use of an alternative approach that more rapidly amortizes the cost of retroactive amendments is acceptable. For example, a straight-line amort…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:147b7cfa3de43478b8c65bfcebd46ec1e110b3da2b9e6c9477190a95e28444df","downloaded_from":"2026-09-10T01:00:03.442Z","last_downloaded_at":"2026-09-10T01:00:03.442Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480213","source_sha256":"eddd5caa32976b67cade3dea1aab2528999cb1eb08b3394cd3da0619b986d9d6"}},{"citation":"715-30-35-14","para":"35-14","html":"
In some situations a history of regular plan amendments and other evidence may indicate that the period during which the employer expects to realize economic benefits from an amendment granting retroactive benefits is shorter than the entire remaining service period of the active employees. Identification of such situations requires an assessment of the individual circumstances and the substance of the particular plan situation. In those circumstances, the amortization of prior service cost shall be accelerated to reflect the more rapid expiration of the employer's economic benefits and to recognize the cost in the periods benefited.
","snippet":"In some situations a history of regular plan amendments and other evidence may indicate that the period during which the employer expects to realize economic benefits from an amendment granting retroactive benefits is sh…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e346f11607cf1297ae851c7dec57532b744e735f2533fe13740043b57b5388a6","downloaded_from":"2026-09-10T01:00:03.442Z","last_downloaded_at":"2026-09-10T01:00:03.442Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480213","source_sha256":"eddd5caa32976b67cade3dea1aab2528999cb1eb08b3394cd3da0619b986d9d6"}},{"citation":"715-30-35-15","para":"35-15","html":"
Once a schedule of amortization of prior service cost from a specific retroactive plan amendment has been established, that schedule generally should not be revised. The initial schedule shall be revised only if a curtailment occurs (see paragraph 715-30-35-92) or if events indicate that the period during which the employer expects to realize future economic benefits from the retroactive plan amendment giving rise to the prior service cost is shorter than originally estimated or the future economic benefits have been impaired. The schedule shall not be revised because of ordinary variances in expected service lives of employees, nor shall the schedule be revised so that the prior service cost is recognized in net periodic pension cost more slowly.
","snippet":"Once a schedule of amortization of prior service cost from a specific retroactive plan amendment has been established, that schedule generally should not be revised. The initial schedule shall be revised only if a curtai…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:002c760cbc6dc31f21684aea3566851d5fa9ae3d3ce0e2f5bc0c146bc33069e4","downloaded_from":"2026-09-10T01:00:03.442Z","last_downloaded_at":"2026-09-10T01:00:03.442Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480213","source_sha256":"eddd5caa32976b67cade3dea1aab2528999cb1eb08b3394cd3da0619b986d9d6"}},{"citation":"715-30-35-16","para":"35-16","html":"
Prior service cost is recognized immediately in other comprehensive income, unless, based on an assessment of the facts and circumstances, the employer does not expect to realize any future economic benefits from that retroactive plan amendment (see paragraph 715-30-35-14). However, this Subtopic does not permit an accounting policy to recognize immediately as a component of net periodic pension cost the cost of all plan amendments that grant increased benefits for services rendered in prior periods. Adopting an accounting policy to recognize prior service cost immediately in net periodic pension cost would preclude making that assessment for future plan amendments as they occur.
","snippet":"Prior service cost is recognized immediately in other comprehensive income, unless, based on an assessment of the facts and circumstances, the employer does not expect to realize any future economic benefits from that re…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:121ed128e3e989cda163b06dab90d63a20c348147aa5ce82f709c2fc3711005e","downloaded_from":"2026-09-10T01:00:03.442Z","last_downloaded_at":"2026-09-10T01:00:03.442Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480213","source_sha256":"eddd5caa32976b67cade3dea1aab2528999cb1eb08b3394cd3da0619b986d9d6"}},{"citation":"715-30-35-17","para":"35-17","html":"
A plan amendment that retroactively reduces, rather than increases, benefits decreases the projected benefit obligation. The reduction in benefits shall be recognized as a credit (prior service credit) to other comprehensive income that shall be used first to reduce any remaining prior service cost included in accumulated other comprehensive income. Any remaining prior service credit shall be amortized as a component of net periodic pension cost on the same basis as the cost of a benefit increase.
","snippet":"A plan amendment that retroactively reduces, rather than increases, benefits decreases the projected benefit obligation. The reduction in benefits shall be recognized as a credit (prior service credit) to other comprehen…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:234dc6b2165567acaf0ebf634d8d9063ea236927d43640f6b7a2d6fbf913be19","downloaded_from":"2026-09-10T01:00:03.442Z","last_downloaded_at":"2026-09-10T01:00:03.442Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480213","source_sha256":"eddd5caa32976b67cade3dea1aab2528999cb1eb08b3394cd3da0619b986d9d6"}},{"citation":"715-30-35-18","para":"35-18","html":"
As established in the definition of the term, a gain or loss results from a change in the value of either the projected benefit obligation or the plan assets resulting from experience different from that assumed or from a change in an actuarial assumption. This Subtopic generally does not distinguish between gains and losses that result from experience different from that assumed or from changes in assumptions. Gains and losses include amounts that have been realized, for example by sale of a security, as well as amounts that are unrealized.
","snippet":"As established in the definition of the term, a gain or loss results from a change in the value of either the projected benefit obligation or the plan assets resulting from experience different from that assumed or from …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c51e157994b26b41d4d43abbb910326c05e213774f8e9d80bc867cdbb8914b0d","downloaded_from":"2026-09-10T01:00:03.442Z","last_downloaded_at":"2026-09-10T01:00:03.442Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480213","source_sha256":"eddd5caa32976b67cade3dea1aab2528999cb1eb08b3394cd3da0619b986d9d6"}},{"citation":"715-30-35-19","para":"35-19","html":"
Because gains and losses may reflect refinements in estimates as well as real changes in economic values and because some gains in one period may be offset by losses in another or vice versa, this Subtopic does not require recognition of gains and losses as components of net pension cost of the period in which they arise.
","snippet":"Because gains and losses may reflect refinements in estimates as well as real changes in economic values and because some gains in one period may be offset by losses in another or vice versa, this Subtopic does not requi…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:4cdc934967cd7a0ffaea5f903910fb0c587cc772b990d601caa563453cfdbcb5","downloaded_from":"2026-09-10T01:00:03.442Z","last_downloaded_at":"2026-09-10T01:00:03.442Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480213","source_sha256":"eddd5caa32976b67cade3dea1aab2528999cb1eb08b3394cd3da0619b986d9d6"}},{"citation":"715-30-35-20","para":"35-20","html":"
However, immediate recognition of gains and losses as a component of net periodic pension cost is permitted if that method is applied consistently, and is applied to all gains and losses on both plan assets and obligations.
","snippet":"However, immediate recognition of gains and losses as a component of net periodic pension cost is permitted if that method is applied consistently, and is applied to all gains and losses on both plan assets and obligatio…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:6c7537f071cd12f03383667dc1e96a3febd2fc430b4c82253470e6db9ffa19b0","downloaded_from":"2026-09-10T01:00:03.442Z","last_downloaded_at":"2026-09-10T01:00:03.442Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480213","source_sha256":"eddd5caa32976b67cade3dea1aab2528999cb1eb08b3394cd3da0619b986d9d6"}},{"citation":"715-30-35-21","para":"35-21","html":"
Gains and losses that are not recognized immediately as a component of net periodic pension cost shall be recognized as increases or decreases in other comprehensive income as they arise. Accounting for plan terminations and curtailments and other circumstances in which recognition of gains and losses as a component of net periodic pension cost might not be delayed is addressed in the Settlements, Curtailments, and Certain Termination Benefits Subsection of this Section.
","snippet":"Gains and losses that are not recognized immediately as a component of net periodic pension cost shall be recognized as increases or decreases in other comprehensive income as they arise. Accounting for plan terminations…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:dcb38f0e2254326d62bdedca5d03a31e551c935817fc24e075683c0e8cb36a51","downloaded_from":"2026-09-10T01:00:03.442Z","last_downloaded_at":"2026-09-10T01:00:03.442Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480213","source_sha256":"eddd5caa32976b67cade3dea1aab2528999cb1eb08b3394cd3da0619b986d9d6"}},{"citation":"715-30-35-22","para":"35-22","html":"
Asset gains and losses are differences between the actual return on plan assets during a period and the expected return on plan assets for that period. Asset gains and losses include both changes reflected in the market-related value of plan assets and changes not yet reflected in the market-related value (that is, the difference between the fair value of assets and the market-related value). Gains or losses on transferable securities issued by the employer and included in plan assets are also included in asset gains and losses. Asset gains and losses not yet reflected in market-related value are not required to be amortized under paragraphs
715-30-35-24 through 35-25
.
","snippet":"Asset gains and losses are differences between the actual return on plan assets during a period and the expected return on plan assets for that period. Asset gains and losses include both changes reflected in the market-…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:5318e77fe1a4c5f67d2682c7e5169f68bca08413e97d5bf2bc04ae6156962069","downloaded_from":"2026-09-10T01:00:03.442Z","last_downloaded_at":"2026-09-10T01:00:03.442Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480213","source_sha256":"eddd5caa32976b67cade3dea1aab2528999cb1eb08b3394cd3da0619b986d9d6"}},{"citation":"715-30-35-23","para":"35-23","html":"
In other words, the expected return on plan assets generally will be different from the actual return on plan assets for the year. This Subtopic provides for recognition of that difference (a net gain or loss) in other comprehensive income in the period it arises. The amount recognized in other comprehensive income is also a component of net periodic pension cost for the current period. Thus, the amount recognized in other comprehensive income and the actual return on plan assets, when aggregated, equal the expected return on plan assets. The amount recognized in accumulated other comprehensive income affects future net periodic pension cost through subsequent amortization, if any, of the net gain or loss.
","snippet":"In other words, the expected return on plan assets generally will be different from the actual return on plan assets for the year. This Subtopic provides for recognition of that difference (a net gain or loss) in other c…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:63992c81ae155181f6ee0eeddbbf9a5fb70f38d8f5dbda758d3eaecf20885ba4","downloaded_from":"2026-09-10T01:00:03.442Z","last_downloaded_at":"2026-09-10T01:00:03.442Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480213","source_sha256":"eddd5caa32976b67cade3dea1aab2528999cb1eb08b3394cd3da0619b986d9d6"}},{"citation":"715-30-35-24","para":"35-24","html":"
As a minimum, amortization of a net gain or loss included in accumulated other comprehensive income (excluding asset gains and losses not yet reflected in market-related value) shall be included as a component of net pension cost for a year if, as of the beginning of the year, that net gain or loss exceeds 10 percent of the greater of the projected benefit obligation or the market-related value of plan assets. If amortization is required, the minimum amortization shall be that excess divided by the average remaining service period of active employees expected to receive benefits under the plan. The amortization must always reduce the beginning-of-the-year balance. Amortization of a net gain results in a decrease in net periodic pension cost; amortization of a net loss results in an increase in net periodic pension cost. If all or almost all of a plan's participants are inactive, the average remaining life expectancy of the inactive participants shall be used instead of average remaining service.
","snippet":"As a minimum, amortization of a net gain or loss included in accumulated other comprehensive income (excluding asset gains and losses not yet reflected in market-related value) shall be included as a component of net pen…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3c733eef88d9f32d0ad2ee8ff0db69e7f1df8fe05fc89986c90a220d0a6e2694","downloaded_from":"2026-09-10T01:00:03.442Z","last_downloaded_at":"2026-09-10T01:00:03.442Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480213","source_sha256":"eddd5caa32976b67cade3dea1aab2528999cb1eb08b3394cd3da0619b986d9d6"}},{"citation":"715-30-35-25","para":"35-25","html":"
Any systematic method of amortizing gains or losses may be used in lieu of the minimum specified in the preceding paragraph provided that all of the following conditions are met:
  1. a
    The minimum is used in any period in which the minimum amortization is greater (reduces the net balance included in accumulated other comprehensive income by more).
  2. b
    The method is applied consistently.
  3. c
    The method is applied similarly to both gains and losses.
","snippet":"Any systematic method of amortizing gains or losses may be used in lieu of the minimum specified in the preceding paragraph provided that all of the following conditions are met:\n(a) The minimum is used in any period in …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:fc105f444892cbd736d6c45ac6bed8653b3e23165367a8fd33bff85a55dd224d","downloaded_from":"2026-09-10T01:00:03.442Z","last_downloaded_at":"2026-09-10T01:00:03.442Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480213","source_sha256":"eddd5caa32976b67cade3dea1aab2528999cb1eb08b3394cd3da0619b986d9d6"}},{"citation":"715-30-35-26","para":"35-26","html":"
The gain or loss component of net periodic pension cost shall consist of both of the following:
  1. a
    The difference between the actual return on plan assets and the expected return on plan assets
  2. b
    Amortization of the net gain or loss included in accumulated other comprehensive income.
","snippet":"The gain or loss component of net periodic pension cost shall consist of both of the following:\n(a) The difference between the actual return on plan assets and the expected return on plan assets\n(b) Amortization of the n…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:608a5e08a7956aced86cd00240dc87e86bf1968a6a40d261d14b1367e6ce25b7","downloaded_from":"2026-09-10T01:00:03.442Z","last_downloaded_at":"2026-09-10T01:00:03.442Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480213","source_sha256":"eddd5caa32976b67cade3dea1aab2528999cb1eb08b3394cd3da0619b986d9d6"}},{"citation":"715-30-35-27","para":"35-27","html":"
Consequently, as stated in the definition of the term, the gain or loss component is the net effect of delayed recognition of gains and losses in determining net periodic pension cost (the net change in the gain or loss) in accumulated other comprehensive income except that it does not include changes in the projected benefit obligation occurring during the period and deferred for later recognition in net periodic pension cost.
","snippet":"Consequently, as stated in the definition of the term, the gain or loss component is the net effect of delayed recognition of gains and losses in determining net periodic pension cost (the net change in the gain or loss)…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e0354b618eb452a53f214d1880896e960ec9ddf34e666a42b7ad641f408ec4ca","downloaded_from":"2026-09-10T01:00:03.442Z","last_downloaded_at":"2026-09-10T01:00:03.442Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480213","source_sha256":"eddd5caa32976b67cade3dea1aab2528999cb1eb08b3394cd3da0619b986d9d6"}},{"citation":"715-30-35-28","para":"35-28","html":"
See Example 2 (paragraph 715-30-55-101) for an illustration of this guidance on gains and losses.
","snippet":"See Example 2 (paragraph 715-30-55-101) for an illustration of this guidance on gains and losses.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a08eb4d14615870c350b6b6c93f81ceda734776698df1d03b1d7a7ea4cabf2e6","downloaded_from":"2026-09-10T01:00:03.442Z","last_downloaded_at":"2026-09-10T01:00:03.442Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480213","source_sha256":"eddd5caa32976b67cade3dea1aab2528999cb1eb08b3394cd3da0619b986d9d6"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:63b74c2c116c65653400a5c53c1323a5d6388b2cd4c4a4e4d301ba8e18298efe","downloaded_from":"2026-09-10T01:00:03.442Z","last_downloaded_at":"2026-09-10T01:00:03.442Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480213","source_sha256":"eddd5caa32976b67cade3dea1aab2528999cb1eb08b3394cd3da0619b986d9d6"}},{"block":null,"heading":"Measurement of Costs and Obligations","paragraphs":[{"citation":"715-30-35-29","para":"35-29","html":"
Any method of pension accounting that recognizes cost before the payment of benefits to retirees must deal with two problems stemming from the nature of the defined benefit pension contract. First, estimates or assumptions must be made concerning the future events that will determine the amount and timing of the benefit payments. Second, some approach to attributing the cost of pension benefits to individual years of service must be selected. Thus, the assumptions and the attribution of cost to periods of employee service are fundamental to the measurements of net periodic pension cost and pension obligations required by this Subtopic. For example, the service component of net periodic pension cost, the projected benefit obligation, and the accumulated benefit obligation are based on an attribution of pension benefits to periods of employee service and on the use of actuarial assumptions to calculate the actuarial present value of those benefits.
","snippet":"Any method of pension accounting that recognizes cost before the payment of benefits to retirees must deal with two problems stemming from the nature of the defined benefit pension contract. First, estimates or assumptio…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:14a9d68b67e6ea39302b71f529d093ccdcf5b86a345038a87a5c1778bb97c98b","downloaded_from":"2026-09-10T01:00:03.442Z","last_downloaded_at":"2026-09-10T01:00:03.442Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480213","source_sha256":"eddd5caa32976b67cade3dea1aab2528999cb1eb08b3394cd3da0619b986d9d6"}},{"citation":"715-30-35-30","para":"35-30","html":"
Paragraph 715-30-35-42 requires use of explicit assumptions, each of which individually represents the best estimate of a particular future event. This Subtopic also requires use of the terms of the pension plan itself, specifically the plan's benefit formula, as a basis for attributing benefits earned and their cost to periods of employee service.
","snippet":"Paragraph 715-30-35-42 requires use of explicit assumptions, each of which individually represents the best estimate of a particular future event. This Subtopic also requires use of the terms of the pension plan itself, …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:46ac1d055f2cdc091fa46ba98218b57b4ac9fa1b171392a30ca40edb47800c5e","downloaded_from":"2026-09-10T01:00:03.442Z","last_downloaded_at":"2026-09-10T01:00:03.442Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480213","source_sha256":"eddd5caa32976b67cade3dea1aab2528999cb1eb08b3394cd3da0619b986d9d6"}},{"citation":"715-30-35-31","para":"35-31","html":"
The service cost component of net periodic pension cost and the projected benefit obligation shall reflect future compensation levels to the extent that the pension benefit formula defines pension benefits wholly or partially as a function of future compensation levels (that is, for a final-pay plan or a career-average-pay plan). Future increases for which a present commitment exists as described in paragraph 715-30-35-34 shall be similarly considered. Assumed compensation levels shall reflect an estimate of the actual future compensation levels of the individual employees involved, including future changes attributed to general price levels, productivity, seniority, promotion, and other factors. All assumptions shall be consistent to the extent that each reflects expectations of the same future economic conditions, such as future rates of inflation. Measuring service cost and the projected benefit obligation based on estimated future compensation levels entails considering indirect effects, such as changes under existing law in social security benefits or benefit limitations that would affect benefits provided by the plan, for example, those currently imposed by Section 415 of the Internal Revenue Code. However, possible amendments of the law shall not be considered in determining those pension measurements. Assumed compensation levels shall be consistent with assumed discount rates to the extent that both incorporate expectations of the same future economic conditions. Paragraphs
715-30-55-20 through 55-22
discuss and provide examples of applying this guidance.
","snippet":"The service cost component of net periodic pension cost and the projected benefit obligation shall reflect future compensation levels to the extent that the pension benefit formula defines pension benefits wholly or part…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f6d9677687daeedaf0aa3f7593da7628bb712da1234cb11c85afa40d9c8bfb9f","downloaded_from":"2026-09-10T01:00:03.442Z","last_downloaded_at":"2026-09-10T01:00:03.442Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480213","source_sha256":"eddd5caa32976b67cade3dea1aab2528999cb1eb08b3394cd3da0619b986d9d6"}},{"citation":"715-30-35-32","para":"35-32","html":"
The accumulated benefit obligation shall be measured based on employees' history of service and compensation without an estimate of future compensation levels. Excluding estimated future compensation levels also means excluding indirect effects of future changes such as increases in the social security wage base. In measuring the accumulated benefit obligation, projected years of service shall be a factor only in determining employees' expected eligibility for particular benefits, such as any of the following:
  1. a
    Increased benefits that are granted provided a specified number of years of service are rendered (for example, a pension benefit that is increased from $9 per month to $10 per month for each year of service if 20 or more years of service are rendered)
  2. b
    Early retirement benefits
  3. c
    Death benefits
  4. d
    Disability benefits.
","snippet":"The accumulated benefit obligation shall be measured based on employees' history of service and compensation without an estimate of future compensation levels. Excluding estimated future compensation levels also means ex…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:24d900881d8af0eeab0edd03dc398dfce5d1bde2f1e66e95b9158ffc45001d90","downloaded_from":"2026-09-10T01:00:03.442Z","last_downloaded_at":"2026-09-10T01:00:03.442Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480213","source_sha256":"eddd5caa32976b67cade3dea1aab2528999cb1eb08b3394cd3da0619b986d9d6"}},{"citation":"715-30-35-33","para":"35-33","html":"
Paragraph not used.
","snippet":"Paragraph not used.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ea3941b1267e41d88847aa9809afbd47178819e9ce8bd7f9eb1f13943f763594","downloaded_from":"2026-09-10T01:00:03.442Z","last_downloaded_at":"2026-09-10T01:00:03.442Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480213","source_sha256":"eddd5caa32976b67cade3dea1aab2528999cb1eb08b3394cd3da0619b986d9d6"}},{"citation":"715-30-35-34","para":"35-34","html":"
In some situations a history of regular increases in non-pay-related benefits or benefits under a career-average-pay plan and other evidence may indicate that an employer has a present commitment to make future amendments and that the substance of the plan is to provide benefits attributable to prior service that are greater than the benefits defined by the written terms of the plan. In those situations, the substantive commitment shall be the basis for the accounting.
","snippet":"In some situations a history of regular increases in non-pay-related benefits or benefits under a career-average-pay plan and other evidence may indicate that an employer has a present commitment to make future amendment…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c2f97d5fd65f027e872ac4d90d4f4d6ad17c0313fc932e43a6dfd4850f75173d","downloaded_from":"2026-09-10T01:00:03.442Z","last_downloaded_at":"2026-09-10T01:00:03.442Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480213","source_sha256":"eddd5caa32976b67cade3dea1aab2528999cb1eb08b3394cd3da0619b986d9d6"}},{"citation":"715-30-35-35","para":"35-35","html":"
Automatic benefit increases specified by the plan (for example, automatic cost-of-living increases) that are expected to occur shall be included in measurements of the projected, accumulated, and vested benefit obligations, and the service cost component required by this Subtopic. Also, retroactive plan amendments shall be included in the computation of the projected and accumulated benefit obligations once they have been contractually agreed to, even if some provisions take effect only in future periods. For example, if a plan amendment grants a higher benefit level for employees retiring after a future date, the higher benefit level shall be included in current-period measurements for employees expected to retire after that date.
","snippet":"Automatic benefit increases specified by the plan (for example, automatic cost-of-living increases) that are expected to occur shall be included in measurements of the projected, accumulated, and vested benefit obligatio…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0f01dfd88e8453dcca51ad4fa1eb4ddf3e5e73b2b0eb306f982b14e94f431b15","downloaded_from":"2026-09-10T01:00:03.442Z","last_downloaded_at":"2026-09-10T01:00:03.442Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480213","source_sha256":"eddd5caa32976b67cade3dea1aab2528999cb1eb08b3394cd3da0619b986d9d6"}},{"citation":"715-30-35-36","para":"35-36","html":"
For purposes of this Subtopic, pension benefits ordinarily shall be attributed to periods of employee service based on the plan's benefit formula to the extent that the formula states or implies an attribution. For example, if a plan's formula provides for a pension benefit of $10 per month for life for each year of service, the benefit attributed to each year of an employee's service is $10 times the number of months of life expectancy after retirement, and the cost attributable to each year is the actuarial present value of that benefit. For plan benefit formulas that define benefits similarly for all years of service, that attribution is a benefit-years-of-service approach because it attributes the same amount of the pension benefit to each year of service. For final-pay and career-average-pay plans, that attribution is also the same as the projected unit credit or unit credit with service prorate actuarial cost method. For a flat-benefit plan, it is the same as the unit credit actuarial cost method.
","snippet":"For purposes of this Subtopic, pension benefits ordinarily shall be attributed to periods of employee service based on the plan's benefit formula to the extent that the formula states or implies an attribution. For examp…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c17e2f65d99f4f34c2ab18592caf17cf88caad7fb5284f15ea6caf7c524e5405","downloaded_from":"2026-09-10T01:00:03.442Z","last_downloaded_at":"2026-09-10T01:00:03.442Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480213","source_sha256":"eddd5caa32976b67cade3dea1aab2528999cb1eb08b3394cd3da0619b986d9d6"}},{"citation":"715-30-35-37","para":"35-37","html":"
Some plans define different benefits for different years of service. For example, a step-rate plan might provide a benefit of 1 percent of final pay for each year of service up to 20 years and 1½ percent of final pay for years of service in excess of 20. Another plan might provide 1 percent of final pay for each year of service but limit the total benefit to no more than 20 percent of final pay. For such plans the attribution called for by this Subtopic will not assign the same amount of pension benefit to each year of service.
","snippet":"Some plans define different benefits for different years of service. For example, a step-rate plan might provide a benefit of 1 percent of final pay for each year of service up to 20 years and 1½ percent of final pay for…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f0020bf583046ca7b0f4105498f6b6e8b57adf835f0e3bd7b34e661209cafa9d","downloaded_from":"2026-09-10T01:00:03.442Z","last_downloaded_at":"2026-09-10T01:00:03.442Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480213","source_sha256":"eddd5caa32976b67cade3dea1aab2528999cb1eb08b3394cd3da0619b986d9d6"}},{"citation":"715-30-35-38","para":"35-38","html":"
Some plans may have benefit formulas that attribute all or a disproportionate share of the total benefits provided to later years of service, thereby achieving in substance a delayed vesting of benefits. For example, a plan that provides no benefits for the first 19 years of service and a vested benefit of $10,000 for the 20th year is substantively the same as a plan that provides $500 per year for each of 20 years and requires 20 years of service before benefits vest. For such plans the total projected benefit shall be considered to accumulate in proportion to the ratio of the number of completed years of service to the number that will have been completed when the benefit is first fully vested. If a plan's benefit formula does not specify how a particular benefit relates to services rendered, the benefit shall be considered to accumulate in either of the following manners:
  1. a
    For benefits of a type includable in vested benefits(for example, a supplemental early retirement benefit that is a vested benefit after a stated number of years), in proportion to the ratio of the number of completed years of service to the number that will have been completed when the benefit is first fully vested
  2. b
    For benefits of a type not includable in vested benefits (for example, a death or disability benefit that is payable only if death or disability occurs during active service), in proportion to the ratio of completed years of service to total projected years of service.
","snippet":"Some plans may have benefit formulas that attribute all or a disproportionate share of the total benefits provided to later years of service, thereby achieving in substance a delayed vesting of benefits. For example, a p…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:95b3272030933d5706f1023c1d06b3686be5525aaa3c0d795ee2a1443613933a","downloaded_from":"2026-09-10T01:00:03.442Z","last_downloaded_at":"2026-09-10T01:00:03.442Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480213","source_sha256":"eddd5caa32976b67cade3dea1aab2528999cb1eb08b3394cd3da0619b986d9d6"}},{"citation":"715-30-35-39","para":"35-39","html":"
Under the attribution approach described in paragraphs
715-30-35-36 through 35-38
, the projected benefit obligation will always equal or exceed the accumulated benefit obligation.
","snippet":"Under the attribution approach described in paragraphs 715-30-35-36 through 35-38, the projected benefit obligation will always equal or exceed the accumulated benefit obligation.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a07d5327ce3fcbda242747d555bf777cf0bda9d28c56d300aa5eba9836d708d8","downloaded_from":"2026-09-10T01:00:03.442Z","last_downloaded_at":"2026-09-10T01:00:03.442Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480213","source_sha256":"eddd5caa32976b67cade3dea1aab2528999cb1eb08b3394cd3da0619b986d9d6"}},{"citation":"715-30-35-40","para":"35-40","html":"
Under some defined benefit pension plans (typically foreign plans), the actuarial present value of benefits to which an employee is entitled if the employee terminates immediately may exceed the actuarial present value of benefits to which the employee is entitled at the expected date of separation based on service to date. For example, at one point in time, the provisions of one country's severance pay statute required that, in most cases, the benefit an employee had accrued for service to date was payable immediately upon separation. The undiscounted value of that benefit payable currently would exceed the actuarial present value of that benefit if payment was estimated to occur at the employee's expected termination date. Another example arises in another country where legislation required that deferred vested benefits of terminated employees be statutorily revalued from date of separation to normal retirement age. If the vested benefit obligation was determined assuming employee termination at the measurement date, that vested benefit obligation could exceed the accumulated benefit obligation if that obligation was measured giving consideration to a statutory revaluation only after the employee's expected date of termination.
","snippet":"Under some defined benefit pension plans (typically foreign plans), the actuarial present value of benefits to which an employee is entitled if the employee terminates immediately may exceed the actuarial present value o…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:aa07a3a6c16224d13f00c528109dabb89b45f3af16648fe1e8a2b669eb8d7097","downloaded_from":"2026-09-10T01:00:03.442Z","last_downloaded_at":"2026-09-10T01:00:03.442Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480213","source_sha256":"eddd5caa32976b67cade3dea1aab2528999cb1eb08b3394cd3da0619b986d9d6"}},{"citation":"715-30-35-41","para":"35-41","html":"
The vested benefit obligation in the situations addressed in the preceding paragraph may be determined as either the actuarial present value of the vested benefits to which the employee is entitled if the employee separates immediately or the actuarial present value of the vested benefits to which the employee is currently entitled but based on the employee's expected date of separation or retirement. Either approach is acceptable for situations not otherwise addressed by this Subtopic in which the facts and circumstances are analogous to those in the preceding paragraph.
","snippet":"The vested benefit obligation in the situations addressed in the preceding paragraph may be determined as either the actuarial present value of the vested benefits to which the employee is entitled if the employee separa…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:80fef6567ecdf77c4b51d3afb907234529341ec2048731ab6768ab9c40c238aa","downloaded_from":"2026-09-10T01:00:03.442Z","last_downloaded_at":"2026-09-10T01:00:03.442Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480213","source_sha256":"eddd5caa32976b67cade3dea1aab2528999cb1eb08b3394cd3da0619b986d9d6"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f973dd25b5433620286ef1a0a8b5769ac0be8f1c4131f035b4534c3ebf7d2b94","downloaded_from":"2026-09-10T01:00:03.442Z","last_downloaded_at":"2026-09-10T01:00:03.442Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480213","source_sha256":"eddd5caa32976b67cade3dea1aab2528999cb1eb08b3394cd3da0619b986d9d6"}},{"block":null,"heading":"Assumptions","paragraphs":[{"citation":"715-30-35-42","para":"35-42","html":"
This Subtopic requires an explicit approach to assumptions. That is, each significant assumption used shall reflect the best estimate solely with respect to that individual assumption. All assumptions shall presume that the plan will continue in effect in the absence of evidence that it will not continue. Actuarial assumptions reflect the time value of money (discount rate) and the probability of payment (assumptions as to mortality, turnover, early retirement, and so forth).
","snippet":"This Subtopic requires an explicit approach to assumptions. That is, each significant assumption used shall reflect the best estimate solely with respect to that individual assumption. All assumptions shall presume that …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d49f3f75bef8c75f34eaae966c231b85f0b669be749e7efaeb283f0fe4f00684","downloaded_from":"2026-09-10T01:00:03.442Z","last_downloaded_at":"2026-09-10T01:00:03.442Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480213","source_sha256":"eddd5caa32976b67cade3dea1aab2528999cb1eb08b3394cd3da0619b986d9d6"}},{"citation":"715-30-35-43","para":"35-43","html":"
Assumed discount rates shall reflect the rates at which the pension benefits could be effectively settled. It is appropriate in estimating those rates to look to available information about rates implicit in current prices of annuity contracts that could be used to effect settlement of the obligation (including information about available annuity rates published by the Pension Benefit Guaranty Corporation). In making those estimates, employers may also look to rates of return on high-quality fixed-income investments currently available and expected to be available during the period to maturity of the pension benefits. Assumed discount rates are used in measurements of the projected, accumulated, and vested benefit obligations and the service and interest cost components of net periodic pension cost.
","snippet":"Assumed discount rates shall reflect the rates at which the pension benefits could be effectively settled. It is appropriate in estimating those rates to look to available information about rates implicit in current pric…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ddf82585fe358ae285b3a00a7cc193319a2ca957a680cee1661f24d4a10eb068","downloaded_from":"2026-09-10T01:00:03.442Z","last_downloaded_at":"2026-09-10T01:00:03.442Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480213","source_sha256":"eddd5caa32976b67cade3dea1aab2528999cb1eb08b3394cd3da0619b986d9d6"}},{"citation":"715-30-35-44","para":"35-44","html":"
Paragraph 715-30-35-43 permits an employer to look to rates of return on high-quality fixed-income investments in determining assumed discount rates. The objective of selecting assumed discount rates using that method is to measure the single amount that, if invested at the measurement date in a portfolio of high-quality debt instruments, would provide the necessary future cash flows to pay the pension benefits when due. Notionally, that single amount, the projected benefit obligation, would equal the fair value of a portfolio of high-quality zero coupon bonds whose maturity dates and amounts would be the same as the timing and amount of the expected future benefit payments. Because cash inflows would equal cash outflows in timing and amount, there would be no reinvestment risk in the yields to maturity of the portfolio. However, in other than a zero coupon portfolio, such as a portfolio of long-term debt instruments that pay semiannual interest payments or whose maturities do not extend far enough into the future to meet expected benefit payments, the assumed discount rates (the yield to maturity) need to incorporate expected reinvestment rates available in the future. Those rates shall be extrapolated from the existing yield curve at the measurement date. The determination of the assumed discount rate is separate from the determination of the expected rate of return on plan assets whenever the actual portfolio differs from the hypothetical portfolio described in this paragraph. Assumed discount rates shall be reevaluated at each measurement date. If the general level of interest rates rises or declines, the assumed discount rates shall change in a similar manner.
","snippet":"Paragraph 715-30-35-43 permits an employer to look to rates of return on high-quality fixed-income investments in determining assumed discount rates. The objective of selecting assumed discount rates using that method is…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9a3e5c97ef882464f13355bb62ff1a45c987247d72c297e7caae11c48d84672c","downloaded_from":"2026-09-10T01:00:03.442Z","last_downloaded_at":"2026-09-10T01:00:03.442Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480213","source_sha256":"eddd5caa32976b67cade3dea1aab2528999cb1eb08b3394cd3da0619b986d9d6"}},{"citation":"715-30-35-45","para":"35-45","html":"
Interest rates vary depending on the duration of investments; for example, U.S. Treasury bills, 7-year bonds, and 30-year bonds have different interest rates. Thus, the weighted-average discount rate (interest rate) inherent in the prices of annuities (or a dedicated bond portfolio) will vary depending on the length of time remaining until individual benefit payment dates. A plan covering only retired employees would be expected to have significantly different discount rates from one covering a work force of 30-year-olds. The disclosures required by Subtopic 715-20 regarding components of the pension benefit obligation will be more representationally faithful if individual discount rates applicable to various benefit deferral periods are selected. A properly weighted average rate can be used for aggregate computations such as the interest cost component of net pension cost for the period.
","snippet":"Interest rates vary depending on the duration of investments; for example, U.S. Treasury bills, 7-year bonds, and 30-year bonds have different interest rates. Thus, the weighted-average discount rate (interest rate) inhe…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e646804304363276333d4d8d1f4df2314cd02c85a17e313f0a9449d4b6b12595","downloaded_from":"2026-09-10T01:00:03.442Z","last_downloaded_at":"2026-09-10T01:00:03.442Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480213","source_sha256":"eddd5caa32976b67cade3dea1aab2528999cb1eb08b3394cd3da0619b986d9d6"}},{"citation":"715-30-35-46","para":"35-46","html":"
An insurance entity deciding on the price of an annuity contract will consider the rates of return available to it for investing the premium received and the rates of return expected to be available to it for reinvestment of future cash flows from the initial investment during the period until benefits are payable. That consideration is indicative of a relationship between rates inherent in the prices of annuity contracts and rates available in investment markets. Therefore, it is appropriate for employers to consider that relationship and information about investment rates in estimating the discount rates required for application of this Subtopic. Thus a current settlement rate best meets that objective and is consistent with measurement of plan assets at fair value for purposes of recognizing as a net asset or a net liability, and disclosing the plan's funded status. Each year the discount rates shall be reevaluated to determine whether they reflect the best estimate of the current effective settlement rates. As established in paragraph 715-30-35-44, if interest rates generally decline or rise, the assumed discount rates shall change.
","snippet":"An insurance entity deciding on the price of an annuity contract will consider the rates of return available to it for investing the premium received and the rates of return expected to be available to it for reinvestmen…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:6d8f33b02fc78528bfb143a23ad2b3ec6f4107c2db9b77848371284ac8eab214","downloaded_from":"2026-09-10T01:00:03.442Z","last_downloaded_at":"2026-09-10T01:00:03.442Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480213","source_sha256":"eddd5caa32976b67cade3dea1aab2528999cb1eb08b3394cd3da0619b986d9d6"}},{"citation":"715-30-35-47","para":"35-47","html":"
The expected long-term rate of return on plan assets shall reflect the average rate of earnings expected on the funds invested or to be invested to provide for the benefits included in the projected benefit obligation. In estimating that rate, appropriate consideration shall be given to the returns being earned by the plan assets in the fund and the rates of return expected to be available for reinvestment. The expected long-term rate of return on plan assets is used (with the market-related value of assets) to compute the expected return on assets. In the context of its use in this paragraph, funds to be invested refers only to the reinvestment of returns on existing plan assets.
","snippet":"The expected long-term rate of return on plan assets shall reflect the average rate of earnings expected on the funds invested or to be invested to provide for the benefits included in the projected benefit obligation. I…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a9596a14dd38f4da73238d63c5b9eab1346c42e9bdb90cb1446a8949bcfa6416","downloaded_from":"2026-09-10T01:00:03.442Z","last_downloaded_at":"2026-09-10T01:00:03.442Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480213","source_sha256":"eddd5caa32976b67cade3dea1aab2528999cb1eb08b3394cd3da0619b986d9d6"}},{"citation":"715-30-35-48","para":"35-48","html":"
The expected return on plan assets shall take into consideration the availability of all plan assets for investment throughout the year. Therefore, the amount and timing of pension plan contributions and benefit payments expected to be made during the year shall be considered in determining the expected return on plan assets for that year. For example, if the employer's pension plan contribution for the year is expected to be made two months before the next measurement date, then the expected return on plan assets shall include an amount related to the expected return on that contribution only for those two months.
","snippet":"The expected return on plan assets shall take into consideration the availability of all plan assets for investment throughout the year. Therefore, the amount and timing of pension plan contributions and benefit payments…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:57ab499cbd899695284e0f9d55ebb910c5a08aa2c3093d84ba595a4da7cbcec1","downloaded_from":"2026-09-10T01:00:03.442Z","last_downloaded_at":"2026-09-10T01:00:03.442Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480213","source_sha256":"eddd5caa32976b67cade3dea1aab2528999cb1eb08b3394cd3da0619b986d9d6"}},{"citation":"715-30-35-49","para":"35-49","html":"
However, the expected return on future years' contributions to a pension plan shall not be considered in determining the expected long-term rate of return on plan assets. The expected long-term rate of return on plan assets shall reflect long-term earnings expectations only on existing plan assets and those contributions expected to be received during the current year.
","snippet":"However, the expected return on future years' contributions to a pension plan shall not be considered in determining the expected long-term rate of return on plan assets. The expected long-term rate of return on plan ass…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2907c2650b2f016f893a32b37f5c8c87ab64673ec7f0fae6160c0bb50dd81e5e","downloaded_from":"2026-09-10T01:00:03.442Z","last_downloaded_at":"2026-09-10T01:00:03.442Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480213","source_sha256":"eddd5caa32976b67cade3dea1aab2528999cb1eb08b3394cd3da0619b986d9d6"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:eace9c0e5df32614e11888695f50b7cc4425b6b1c711b4d67e22e435eccf3a27","downloaded_from":"2026-09-10T01:00:03.442Z","last_downloaded_at":"2026-09-10T01:00:03.442Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480213","source_sha256":"eddd5caa32976b67cade3dea1aab2528999cb1eb08b3394cd3da0619b986d9d6"}},{"block":null,"heading":"Measurement of Plan Assets","paragraphs":[{"citation":"715-30-35-50","para":"35-50","html":"
For purposes of applying the plan-asset-related provisions of paragraph 715-30-25-1 and for purposes of the disclosures required by paragraphs 715-20-50-1 and 715-20-50-5, plan investments, whether equity or debt securities, real estate, or other, shall be measured at their fair value as of the measurement date. The fair value of an investment shall be reduced by brokerage commissions and other costs normally incurred in a sale if those costs are significant (similar to fair value less cost to sell).
","snippet":"For purposes of applying the plan-asset-related provisions of paragraph 715-30-25-1 and for purposes of the disclosures required by paragraphs 715-20-50-1 and 715-20-50-5, plan investments, whether equity or debt securit…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:eb4c4ff1adeb0ca6ab4696234331597c073128c84a4464e58f06547389381fad","downloaded_from":"2026-09-10T01:00:03.442Z","last_downloaded_at":"2026-09-10T01:00:03.442Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480213","source_sha256":"eddd5caa32976b67cade3dea1aab2528999cb1eb08b3394cd3da0619b986d9d6"}},{"citation":"715-30-35-51","para":"35-51","html":"
For purposes of determining the expected return on plan assets and accounting for asset gains and losses pursuant to paragraphs
715-30-35-18 through 35-26
, a market-related asset value is used.
","snippet":"For purposes of determining the expected return on plan assets and accounting for asset gains and losses pursuant to paragraphs 715-30-35-18 through 35-26, a market-related asset value is used.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:6755ae23fdab132b874b19ba349c3b443cd4d6fc506cdcc846bc035adc9d2e4e","downloaded_from":"2026-09-10T01:00:03.442Z","last_downloaded_at":"2026-09-10T01:00:03.442Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480213","source_sha256":"eddd5caa32976b67cade3dea1aab2528999cb1eb08b3394cd3da0619b986d9d6"}},{"citation":"715-30-35-52","para":"35-52","html":"
Plan assets used in plan operations (for example, buildings, equipment, furniture and fixtures, and leasehold improvements) shall be measured at cost less accumulated depreciation or amortization for all purposes.
","snippet":"Plan assets used in plan operations (for example, buildings, equipment, furniture and fixtures, and leasehold improvements) shall be measured at cost less accumulated depreciation or amortization for all purposes.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:46203b7e6e645cda6ba77207e5e281d4b9d7b6694f9d5aeaeac79466e6edd602","downloaded_from":"2026-09-10T01:00:03.442Z","last_downloaded_at":"2026-09-10T01:00:03.442Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480213","source_sha256":"eddd5caa32976b67cade3dea1aab2528999cb1eb08b3394cd3da0619b986d9d6"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ee368ab10951ec64cb047db76f3c2d813caa7338cd71750a5b15ac40155817f5","downloaded_from":"2026-09-10T01:00:03.442Z","last_downloaded_at":"2026-09-10T01:00:03.442Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480213","source_sha256":"eddd5caa32976b67cade3dea1aab2528999cb1eb08b3394cd3da0619b986d9d6"}},{"block":null,"heading":"Annuity and Other Contracts","paragraphs":[{"citation":"715-30-35-53","para":"35-53","html":"
Paragraph 715-30-25-7 provides that to the extent that benefits currently earned are covered by annuity contracts, the cost of those benefits shall be the cost of purchasing the contracts, except for the cost of the participation right when participating annuity contracts are used (see paragraph 715-30-35-57). That is, if all the benefits attributed by the plan's benefit formula to service in the current period are covered by nonparticipating annuity contracts, the cost of the contracts determines the service cost component of net pension cost for that period. Benefits covered by annuity contracts shall be excluded from the projected benefit obligation and the accumulated benefit obligation. Except for participation rights, annuity contracts shall be excluded from plan assets.
","snippet":"Paragraph 715-30-25-7 provides that to the extent that benefits currently earned are covered by annuity contracts, the cost of those benefits shall be the cost of purchasing the contracts, except for the cost of the part…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f37cd897f3dd13b8d653b2c4232a944a8e65e2375182ae9c83c31e35524f3714","downloaded_from":"2026-09-10T01:00:03.442Z","last_downloaded_at":"2026-09-10T01:00:03.442Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480213","source_sha256":"eddd5caa32976b67cade3dea1aab2528999cb1eb08b3394cd3da0619b986d9d6"}},{"citation":"715-30-35-54","para":"35-54","html":"
If the insurance entity obligated under an annuity contract is a captive insurer, or if there is any reasonable doubt that the insurance entity will meet its obligations under the contract, the contract is not an annuity contract for purposes of this Subsection.
","snippet":"If the insurance entity obligated under an annuity contract is a captive insurer, or if there is any reasonable doubt that the insurance entity will meet its obligations under the contract, the contract is not an annuity…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2245457764aece4e5a9fda2f3319d546ea36283f3a3cdf495d4ba3a272431506","downloaded_from":"2026-09-10T01:00:03.442Z","last_downloaded_at":"2026-09-10T01:00:03.442Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480213","source_sha256":"eddd5caa32976b67cade3dea1aab2528999cb1eb08b3394cd3da0619b986d9d6"}},{"citation":"715-30-35-55","para":"35-55","html":"
Benefits provided by the pension benefit formula beyond benefits provided by annuity contracts (for example, benefits related to future compensation levels) shall be accounted for according to the provisions of this Subtopic applicable to plans not involving insurance contracts.
","snippet":"Benefits provided by the pension benefit formula beyond benefits provided by annuity contracts (for example, benefits related to future compensation levels) shall be accounted for according to the provisions of this Subt…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:52a1a8d2eb1ce6d9dfd7345408aeb25e042cd7591bc3af30465acbe8d5ab3de2","downloaded_from":"2026-09-10T01:00:03.442Z","last_downloaded_at":"2026-09-10T01:00:03.442Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480213","source_sha256":"eddd5caa32976b67cade3dea1aab2528999cb1eb08b3394cd3da0619b986d9d6"}},{"citation":"715-30-35-56","para":"35-56","html":"
Some contracts provide for a refund of premiums if an employee for whom an annuity is purchased does not render sufficient service for the benefit to vest under the terms of the plan. Such a provision shall not by itself preclude a contract from being treated as an annuity contract for purposes of this Subtopic.
","snippet":"Some contracts provide for a refund of premiums if an employee for whom an annuity is purchased does not render sufficient service for the benefit to vest under the terms of the plan. Such a provision shall not by itself…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9fb01dc32fd2dd4ad547ace81b390addb5d1e6dfcdf188bf0e938f0c108b78a0","downloaded_from":"2026-09-10T01:00:03.442Z","last_downloaded_at":"2026-09-10T01:00:03.442Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480213","source_sha256":"eddd5caa32976b67cade3dea1aab2528999cb1eb08b3394cd3da0619b986d9d6"}},{"citation":"715-30-35-57","para":"35-57","html":"
Participating annuity contracts provide that the purchaser (either the plan or the employer) may participate in the experience of the insurance entity. Under those contracts, the insurance entity ordinarily pays dividends to the purchaser, the effect of which is to reduce the cost of the plan. The purchase price of a participating annuity contract ordinarily is higher than the price of an equivalent contract without participation rights. The difference is the cost of the participation right.
","snippet":"Participating annuity contracts provide that the purchaser (either the plan or the employer) may participate in the experience of the insurance entity. Under those contracts, the insurance entity ordinarily pays dividend…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e86779c8ad3317e497812ccf9a88383ede2df0136cb14e655e31ec6ca7951b4f","downloaded_from":"2026-09-10T01:00:03.442Z","last_downloaded_at":"2026-09-10T01:00:03.442Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480213","source_sha256":"eddd5caa32976b67cade3dea1aab2528999cb1eb08b3394cd3da0619b986d9d6"}},{"citation":"715-30-35-58","para":"35-58","html":"
In subsequent periods, the participation right shall be measured at its fair value if the contract is such that fair value is reasonably estimable. Otherwise, the participation right shall be measured at its amortized cost (not in excess of its net realizable value), and the cost shall be amortized systematically over the expected dividend period under the contract.
","snippet":"In subsequent periods, the participation right shall be measured at its fair value if the contract is such that fair value is reasonably estimable. Otherwise, the participation right shall be measured at its amortized co…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c278ab980e4a4f12a3e75e38c6a9c3cf97ebfa0bf59ad641749688208c821099","downloaded_from":"2026-09-10T01:00:03.442Z","last_downloaded_at":"2026-09-10T01:00:03.442Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480213","source_sha256":"eddd5caa32976b67cade3dea1aab2528999cb1eb08b3394cd3da0619b986d9d6"}},{"citation":"715-30-35-59","para":"35-59","html":"
If the substance of a participating insurance contract is such that the employer remains subject to all or most of the risks and rewards associated with the benefit obligation covered and the assets transferred to the insurance entity, that contract is not an annuity contract for purposes of this Subtopic.
","snippet":"If the substance of a participating insurance contract is such that the employer remains subject to all or most of the risks and rewards associated with the benefit obligation covered and the assets transferred to the in…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:81632fb4b9d60cd05812833f845aa80b8d64af540946805f5968a38d93107c38","downloaded_from":"2026-09-10T01:00:03.442Z","last_downloaded_at":"2026-09-10T01:00:03.442Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480213","source_sha256":"eddd5caa32976b67cade3dea1aab2528999cb1eb08b3394cd3da0619b986d9d6"}},{"citation":"715-30-35-60","para":"35-60","html":"
Insurance contracts that are in substance equivalent to the purchase of annuities shall be accounted for as such. Other contracts with insurance entities shall be accounted for as investments and measured at fair value. For some contracts, the best available evidence of fair value may be contract value. If a contract has a determinable cash surrender value or conversion value, that is presumed to be its fair value.
","snippet":"Insurance contracts that are in substance equivalent to the purchase of annuities shall be accounted for as such. Other contracts with insurance entities shall be accounted for as investments and measured at fair value. …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f7533d837586734361a07463dc18899e2fb1d441faff4f9022818e305e8da145","downloaded_from":"2026-09-10T01:00:03.442Z","last_downloaded_at":"2026-09-10T01:00:03.442Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480213","source_sha256":"eddd5caa32976b67cade3dea1aab2528999cb1eb08b3394cd3da0619b986d9d6"}},{"citation":"715-30-35-61","para":"35-61","html":"
Paragraph 715-30-35-54 identifies attributes related to the issuers of annuity contracts that preclude accounting for the contracts as annuity contracts. The Settlements, Curtailments, and Certain Termination Benefits Subsections of this Subtopic define attributes related to annuity contracts differently for purposes of accounting for them as annuity contracts. The effect of the difference is that paragraph 715-30-35-85 excludes from settlement accounting those annuity contracts purchased from an entity that is controlled by the employer, whereas this Subsection excludes from annuity contracts those purchased from a captive insurer.
","snippet":"Paragraph 715-30-35-54 identifies attributes related to the issuers of annuity contracts that preclude accounting for the contracts as annuity contracts. The Settlements, Curtailments, and Certain Termination Benefits Su…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:cec3afd019748d98a9980f19ab3f1a82fbf1db83879fdb17b074e6f24fc14bf2","downloaded_from":"2026-09-10T01:00:03.442Z","last_downloaded_at":"2026-09-10T01:00:03.442Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480213","source_sha256":"eddd5caa32976b67cade3dea1aab2528999cb1eb08b3394cd3da0619b986d9d6"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a77753dbc5bde470155728a7214f6da7f24a5bafa5288b8a7becec0dde434129","downloaded_from":"2026-09-10T01:00:03.442Z","last_downloaded_at":"2026-09-10T01:00:03.442Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480213","source_sha256":"eddd5caa32976b67cade3dea1aab2528999cb1eb08b3394cd3da0619b986d9d6"}},{"block":null,"heading":"Timing of Measurement","paragraphs":[{"citation":"715-30-35-62","para":"35-62","html":"
The measurements of plan assets and benefit obligations required by this Subtopic shall be as of the date of the employer's fiscal year-end statement of financial position except in both of the following cases:
  1. a
    The plan is sponsored by a subsidiary that is consolidated using a fiscal period that differs from its parent's, as permitted by paragraph 810-10-45-12.
  2. b
    The plan is sponsored by an investee that is accounted for using the equity method of accounting under paragraph 323-10-35-6, using financial statements of the investee for a fiscal period that is different from the investor's, as permitted by that Subtopic.
","snippet":"The measurements of plan assets and benefit obligations required by this Subtopic shall be as of the date of the employer's fiscal year-end statement of financial position except in both of the following cases:\n(a) The p…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:46093a990975b0f73f40f6eaa3082c6b4d9ec58c81598ebf559bb00ffb63527e","downloaded_from":"2026-09-10T01:00:03.442Z","last_downloaded_at":"2026-09-10T01:00:03.442Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480213","source_sha256":"eddd5caa32976b67cade3dea1aab2528999cb1eb08b3394cd3da0619b986d9d6"}},{"citation":"715-30-35-63","para":"35-63","html":"
If the exceptions in the preceding paragraph apply, the employer shall measure the subsidiary's plan assets and benefit obligations as of the date used to consolidate the subsidiary's statement of financial position and shall measure the investee's plan assets and benefit obligations as of the date of the investee's financial statements used to apply the equity method. For example, if a calendar year-end parent consolidates a subsidiary using the subsidiary's September 30 financial statements, the funded status of the subsidiary's benefit plan included in the consolidated financial statements shall be measured as of September 30.
","snippet":"If the exceptions in the preceding paragraph apply, the employer shall measure the subsidiary's plan assets and benefit obligations as of the date used to consolidate the subsidiary's statement of financial position and …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f4789191da946fd1206efba8a47f909a4bb7d43fa71451d44c3d529966467805","downloaded_from":"2026-09-10T01:00:03.442Z","last_downloaded_at":"2026-09-10T01:00:03.442Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480213","source_sha256":"eddd5caa32976b67cade3dea1aab2528999cb1eb08b3394cd3da0619b986d9d6"}},{"citation":"715-30-35-63A","para":"35-63A","html":"
If an employer's fiscal year-end does not coincide with a month-end, the employer may measure plan assets and benefit obligations using the month-end that is closest to the employer's fiscal year-end. That election shall be applied consistently from year to year. The election shall be applied consistently to all of its defined benefit plans if an employer has more than one defined benefit plan.
","snippet":"If an employer's fiscal year-end does not coincide with a month-end, the employer may measure plan assets and benefit obligations using the month-end that is closest to the employer's fiscal year-end. That election shall…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:71454be469a3ffc2ee6a7296990b963cec63d203e551c445d19ca0fac4969279","downloaded_from":"2026-09-10T01:00:03.442Z","last_downloaded_at":"2026-09-10T01:00:03.442Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480213","source_sha256":"eddd5caa32976b67cade3dea1aab2528999cb1eb08b3394cd3da0619b986d9d6"}},{"citation":"715-30-35-63B","para":"35-63B","html":"
If an employer measures plan assets and benefit obligations in accordance with paragraph 715-30-35-63A and a contribution or significant event caused by the employer (such as a plan amendment, settlement, or curtailment that calls for a remeasurement) occurs between the month-end date used to measure plan assets and benefit obligations and the employer's fiscal year-end, the employer shall adjust the fair value of plan assets and the actuarial present value of benefit obligations so that those contributions or significant events are recognized in the period in which they occurred. An employer shall not adjust the fair value of plan assets and the actuarial present value of benefit obligations for other events occurring between the month-end date used to measure plan assets and benefit obligations and the employer's fiscal year-end that may be significant to the measurement of defined benefit plan assets and obligations, but are not caused by the employer (for example, changes in market prices or interest rates).
","snippet":"If an employer measures plan assets and benefit obligations in accordance with paragraph 715-30-35-63A and a contribution or significant event caused by the employer (such as a plan amendment, settlement, or curtailment …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:dd49879692452b76ae73230fd9f1c9ea0b440588e6fe13701a5c4d136d900b45","downloaded_from":"2026-09-10T01:00:03.442Z","last_downloaded_at":"2026-09-10T01:00:03.442Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480213","source_sha256":"eddd5caa32976b67cade3dea1aab2528999cb1eb08b3394cd3da0619b986d9d6"}},{"citation":"715-30-35-64","para":"35-64","html":"
Requiring that the pension measurements be as of a particular date is not intended to require that all procedures be performed after that date. As with other financial statement items requiring estimates, much of the information can be prepared as of an earlier date and projected forward to account for subsequent events (for example, employee service).
","snippet":"Requiring that the pension measurements be as of a particular date is not intended to require that all procedures be performed after that date. As with other financial statement items requiring estimates, much of the inf…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b484755685efbd0a93ad4ccaf9ec5472bacf06e7464f20dcb37e44bbc5f2beb0","downloaded_from":"2026-09-10T01:00:03.442Z","last_downloaded_at":"2026-09-10T01:00:03.442Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480213","source_sha256":"eddd5caa32976b67cade3dea1aab2528999cb1eb08b3394cd3da0619b986d9d6"}},{"citation":"715-30-35-65","para":"35-65","html":"
Unless an entity remeasures both its plan assets and benefit obligations during the fiscal year, the funded status it reports in its interim-period statement of financial position shall be the same asset or liability recognized in the previous year-end statement of financial position adjusted for both of the following:
  1. a
    Subsequent accruals of net periodic pension cost that exclude the amortization of amounts previously recognized in other comprehensive income (for example, subsequent accruals of service cost, interest cost, and return on plan assets)
  2. b
    Contributions to a funded plan, or benefit payments.
","snippet":"Unless an entity remeasures both its plan assets and benefit obligations during the fiscal year, the funded status it reports in its interim-period statement of financial position shall be the same asset or liability rec…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:10749e937bd273ef101d123780b29e9db794f8a9e68f8566a659952d0dc74937","downloaded_from":"2026-09-10T01:00:03.442Z","last_downloaded_at":"2026-09-10T01:00:03.442Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480213","source_sha256":"eddd5caa32976b67cade3dea1aab2528999cb1eb08b3394cd3da0619b986d9d6"}},{"citation":"715-30-35-66","para":"35-66","html":"
Paragraph 715-30-25-5 notes that, sometimes, an entity remeasures both plan assets and benefit obligations during the fiscal year, for example, when a significant event such as a plan amendment, settlement, or curtailment occurs that calls for a remeasurement.
","snippet":"Paragraph 715-30-25-5 notes that, sometimes, an entity remeasures both plan assets and benefit obligations during the fiscal year, for example, when a significant event such as a plan amendment, settlement, or curtailmen…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9677cf7ddba40f6c4840bb2900c1e12f9670236ee90bb57dbf22fdfad76dd93f","downloaded_from":"2026-09-10T01:00:03.442Z","last_downloaded_at":"2026-09-10T01:00:03.442Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480213","source_sha256":"eddd5caa32976b67cade3dea1aab2528999cb1eb08b3394cd3da0619b986d9d6"}},{"citation":"715-30-35-66A","para":"35-66A","html":"
If a significant event caused by the employer (such as a plan amendment, settlement, or curtailment) that requires an employer to remeasure both plan assets and benefit obligations does not coincide with a month-end, the employer may remeasure plan assets and benefit obligations using the month-end that is closest to the date of the significant event.
","snippet":"If a significant event caused by the employer (such as a plan amendment, settlement, or curtailment) that requires an employer to remeasure both plan assets and benefit obligations does not coincide with a month-end, the…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:89bbdccdf969746c6d4b7007d553daa4f6dcc5fa39a1fdf2af72280a0264a8fb","downloaded_from":"2026-09-10T01:00:03.442Z","last_downloaded_at":"2026-09-10T01:00:03.442Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480213","source_sha256":"eddd5caa32976b67cade3dea1aab2528999cb1eb08b3394cd3da0619b986d9d6"}},{"citation":"715-30-35-66B","para":"35-66B","html":"
If an employer remeasures plan assets and benefit obligations during the fiscal year in accordance with paragraph 715-30-35-66A, the employer shall adjust the fair value of plan assets and the actuarial present value of benefit obligations for any effects of the significant event that may or may not be captured in the month-end measurement (for example, if the closest month-end is before the date of a partial settlement, then the measurement of plan assets may include assets that are no longer part of the plan). An employer shall not adjust the fair value of plan assets and the actuarial present value of benefit obligations for other events occurring between the month-end date used to measure plan assets and benefit obligations and the employer's fiscal year-end that may be significant to the measurement of defined benefit plan assets and obligations, but are not caused by the employer (for example, changes in market prices or interest rates).
","snippet":"If an employer remeasures plan assets and benefit obligations during the fiscal year in accordance with paragraph 715-30-35-66A, the employer shall adjust the fair value of plan assets and the actuarial present value of …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:6362d1bf2197ed371f2e9a436fd4375cab8213f0bb977af922fd1f59579f36ee","downloaded_from":"2026-09-10T01:00:03.442Z","last_downloaded_at":"2026-09-10T01:00:03.442Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480213","source_sha256":"eddd5caa32976b67cade3dea1aab2528999cb1eb08b3394cd3da0619b986d9d6"}},{"citation":"715-30-35-67","para":"35-67","html":"
As required by paragraph 715-30-25-5, upon remeasurement, an entity shall adjust its statement of financial position in a subsequent interim period to reflect the overfunded or underfunded status of the plan consistent with that measurement date.
","snippet":"As required by paragraph 715-30-25-5, upon remeasurement, an entity shall adjust its statement of financial position in a subsequent interim period to reflect the overfunded or underfunded status of the plan consistent w…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:15c814d43a76a02b9141d39ba38bf369549390df08dfc337dd14c0c312a6050f","downloaded_from":"2026-09-10T01:00:03.442Z","last_downloaded_at":"2026-09-10T01:00:03.442Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480213","source_sha256":"eddd5caa32976b67cade3dea1aab2528999cb1eb08b3394cd3da0619b986d9d6"}},{"citation":"715-30-35-68","para":"35-68","html":"
Measurements of net periodic pension cost for both interim and annual financial statements shall be based on the assumptions used for the previous year-end measurements unless more recent measurements of both plan assets and obligations are available or a significant event occurs, such as a plan amendment, that would ordinarily call for such measurements.
","snippet":"Measurements of net periodic pension cost for both interim and annual financial statements shall be based on the assumptions used for the previous year-end measurements unless more recent measurements of both plan assets…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:026fb0ec484a9e20f290db214063aa0ab96f29130955224f3b2d59c9bbbd2fd7","downloaded_from":"2026-09-10T01:00:03.442Z","last_downloaded_at":"2026-09-10T01:00:03.442Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480213","source_sha256":"eddd5caa32976b67cade3dea1aab2528999cb1eb08b3394cd3da0619b986d9d6"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1d87329fe3c106ec0ae2c41e64f5b6effd7a946d37c948f14c463d941ff77e7e","downloaded_from":"2026-09-10T01:00:03.442Z","last_downloaded_at":"2026-09-10T01:00:03.442Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480213","source_sha256":"eddd5caa32976b67cade3dea1aab2528999cb1eb08b3394cd3da0619b986d9d6"}},{"block":null,"heading":"Employers with Two or More Plans","paragraphs":[{"citation":"715-30-35-69","para":"35-69","html":"
Net periodic pension cost, liabilities, and assets are determined on a plan-by-plan basis. Paragraph 715-30-25-6 requires that an employer that sponsors two or more separate defined benefit pension plans determine net periodic pension cost, liabilities, and assets by separately applying the provisions of this Subtopic to each plan.
","snippet":"Net periodic pension cost, liabilities, and assets are determined on a plan-by-plan basis. Paragraph 715-30-25-6 requires that an employer that sponsors two or more separate defined benefit pension plans determine net pe…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:59f7cb6a7536c156d88fe0c0be82e93eeedad39de19a92cc8c5f775e0ffee095","downloaded_from":"2026-09-10T01:00:03.442Z","last_downloaded_at":"2026-09-10T01:00:03.442Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480213","source_sha256":"eddd5caa32976b67cade3dea1aab2528999cb1eb08b3394cd3da0619b986d9d6"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e5415afd629748b2d5810e9fbb81ce7b013ec5e6921031e0e09bf42c0dd5ec74","downloaded_from":"2026-09-10T01:00:03.442Z","last_downloaded_at":"2026-09-10T01:00:03.442Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480213","source_sha256":"eddd5caa32976b67cade3dea1aab2528999cb1eb08b3394cd3da0619b986d9d6"}},{"block":null,"heading":"Multiple-Employer Plans","paragraphs":[{"citation":"715-30-35-70","para":"35-70","html":"
Some pension plans to which two or more unrelated employers contribute are not multiemployer plans. Rather, they are in substance aggregations of single-employer plans combined to allow participating employers to pool their assets for investment purposes and to reduce the costs of plan administration. Those multiple-employer plans ordinarily do not involve collective-bargaining agreements. They may also have features that allow participating employers to have different benefit formulas, with the employer's contributions to the plan based on the benefit formula selected by the employer. Such plans shall be considered single-employer plans rather than multiemployer plans for purposes of this Subtopic, and each employer's accounting shall be based on its respective interest in the plan.
","snippet":"Some pension plans to which two or more unrelated employers contribute are not multiemployer plans. Rather, they are in substance aggregations of single-employer plans combined to allow participating employers to pool th…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:274bb8f374412e89b00609e4579163a2237b98daeb793441b23a3eb5059b3d5a","downloaded_from":"2026-09-10T01:00:03.442Z","last_downloaded_at":"2026-09-10T01:00:03.442Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480213","source_sha256":"eddd5caa32976b67cade3dea1aab2528999cb1eb08b3394cd3da0619b986d9d6"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e42b9dffa746da350e6a96d7e993451cc2faac4a43dfc5b086b3e00794924819","downloaded_from":"2026-09-10T01:00:03.442Z","last_downloaded_at":"2026-09-10T01:00:03.442Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480213","source_sha256":"eddd5caa32976b67cade3dea1aab2528999cb1eb08b3394cd3da0619b986d9d6"}},{"block":null,"heading":"Cash Balance Plans","paragraphs":[{"citation":"715-30-35-71","para":"35-71","html":"
Paragraph superseded by Accounting Standards Update No. 2020-10
","snippet":"Paragraph superseded by Accounting Standards Update No. 2020-10","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:875fd96252fd8e7d76efda7ea51df577e5cd27065ab24e2a8932e4d660d9071e","downloaded_from":"2026-09-10T01:00:03.442Z","last_downloaded_at":"2026-09-10T01:00:03.442Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480213","source_sha256":"eddd5caa32976b67cade3dea1aab2528999cb1eb08b3394cd3da0619b986d9d6"}},{"citation":"715-30-35-72","para":"35-72","html":"
Paragraph superseded by Accounting Standards Update No. 2020-10
","snippet":"Paragraph superseded by Accounting Standards Update No. 2020-10","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d382741e4badc7b5a09f86aeb0d84cae8bdbc6e47ad2554ea1c9392f58a16a68","downloaded_from":"2026-09-10T01:00:03.442Z","last_downloaded_at":"2026-09-10T01:00:03.442Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480213","source_sha256":"eddd5caa32976b67cade3dea1aab2528999cb1eb08b3394cd3da0619b986d9d6"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f9c025fd246550f0c9e65a349d4f16da851affaa5cfb2afe79cdf599ff37aaae","downloaded_from":"2026-09-10T01:00:03.442Z","last_downloaded_at":"2026-09-10T01:00:03.442Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480213","source_sha256":"eddd5caa32976b67cade3dea1aab2528999cb1eb08b3394cd3da0619b986d9d6"}},{"block":null,"heading":"Transfer of Excess Pension Assets to a Retiree Health Care Benefits Account","paragraphs":[{"citation":"715-30-35-73","para":"35-73","html":"
The transfer of excess pension assets to a retiree health care account or plan (whether or not the transfer of assets is made pursuant to applicable laws or regulations) shall be recognized as a negative contribution to (withdrawal of funds from) the pension plan and a positive contribution to the retiree health care plan. No gain or loss arises from the transfer of the excess pension assets.
","snippet":"The transfer of excess pension assets to a retiree health care account or plan (whether or not the transfer of assets is made pursuant to applicable laws or regulations) shall be recognized as a negative contribution to …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:501e797b9614edf8cf93c3d41b7a4764035821fbb859d3a99693043a6b2c9982","downloaded_from":"2026-09-10T01:00:03.442Z","last_downloaded_at":"2026-09-10T01:00:03.442Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480213","source_sha256":"eddd5caa32976b67cade3dea1aab2528999cb1eb08b3394cd3da0619b986d9d6"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e81f5cb09dad3ad7c3c70f3f9623fd7466632ee7c904d88455c4244051e33fbe","downloaded_from":"2026-09-10T01:00:03.442Z","last_downloaded_at":"2026-09-10T01:00:03.442Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480213","source_sha256":"eddd5caa32976b67cade3dea1aab2528999cb1eb08b3394cd3da0619b986d9d6"}},{"block":"Settlements, Curtailments, and Certain Termination Benefits","heading":"Relationship of Settlements and Curtailments to Other Events","paragraphs":[{"citation":"715-30-35-74","para":"35-74","html":"
A settlement and a curtailment may occur separately or together.
","snippet":"A settlement and a curtailment may occur separately or together.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:00a25c2d9ef5fdaf45706c1665cba8a3375149b305b314181a91c6346cc89880","downloaded_from":"2026-09-10T01:00:03.442Z","last_downloaded_at":"2026-09-10T01:00:03.442Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480213","source_sha256":"eddd5caa32976b67cade3dea1aab2528999cb1eb08b3394cd3da0619b986d9d6"}},{"citation":"715-30-35-75","para":"35-75","html":"
This Subsection does not establish a proper sequence of events to follow in measuring the effects of a settlement and a curtailment that are to be recognized at the same time. Although the sequence selected can affect the determination of the aggregate gain or loss recognized, the selection of the event to be measured first (settlement or curtailment) is an arbitrary decision and neither order is demonstrably superior to the other. However, an employer shall consistently apply the same sequence of events in determining the effects of all settlements and curtailments that are to be recognized at the same time.
","snippet":"This Subsection does not establish a proper sequence of events to follow in measuring the effects of a settlement and a curtailment that are to be recognized at the same time. Although the sequence selected can affect th…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:99298e2deb5245c174fcea308dbe3846e466214745e82f3268d59dd6bc1ea0ed","downloaded_from":"2026-09-10T01:00:03.442Z","last_downloaded_at":"2026-09-10T01:00:03.442Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480213","source_sha256":"eddd5caa32976b67cade3dea1aab2528999cb1eb08b3394cd3da0619b986d9d6"}},{"citation":"715-30-35-76","para":"35-76","html":"
If benefits to be accumulated in future periods are reduced (for example, because half of a work force is dismissed or a plant is closed) but the plan remains in existence and continues to pay benefits, to invest assets, and to receive contributions, a curtailment has occurred but not a settlement.
","snippet":"If benefits to be accumulated in future periods are reduced (for example, because half of a work force is dismissed or a plant is closed) but the plan remains in existence and continues to pay benefits, to invest assets,…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:685f16449a153a3b8f23a1a8d2fa2f9a639d36a05c6a4467d910656c6151181b","downloaded_from":"2026-09-10T01:00:03.442Z","last_downloaded_at":"2026-09-10T01:00:03.442Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480213","source_sha256":"eddd5caa32976b67cade3dea1aab2528999cb1eb08b3394cd3da0619b986d9d6"}},{"citation":"715-30-35-77","para":"35-77","html":"
If an employer purchases nonparticipating annuity contracts for vested benefits and continues to provide defined benefits for future service, either in the same plan or in a successor plan, a settlement has occurred but not a curtailment.
","snippet":"If an employer purchases nonparticipating annuity contracts for vested benefits and continues to provide defined benefits for future service, either in the same plan or in a successor plan, a settlement has occurred but …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9357a2d0ce3e30927d30aff9a502f675f5883a603076e2fb234572f85ed06bea","downloaded_from":"2026-09-10T01:00:03.442Z","last_downloaded_at":"2026-09-10T01:00:03.442Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480213","source_sha256":"eddd5caa32976b67cade3dea1aab2528999cb1eb08b3394cd3da0619b986d9d6"}},{"citation":"715-30-35-78","para":"35-78","html":"
If a plan is terminated (that is, the obligation is settled and the plan ceases to exist) and not replaced by a successor defined benefit plan, both a settlement and a curtailment have occurred (whether or not the employees continue to work for the employer). See Example 1 (paragraph 715-30-55-198) for an illustration of this situation.
","snippet":"If a plan is terminated (that is, the obligation is settled and the plan ceases to exist) and not replaced by a successor defined benefit plan, both a settlement and a curtailment have occurred (whether or not the employ…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:45330aa94f42951c1cbddd12df121da6eac1a4278810d1775ec22ca36f1a38c6","downloaded_from":"2026-09-10T01:00:03.442Z","last_downloaded_at":"2026-09-10T01:00:03.442Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480213","source_sha256":"eddd5caa32976b67cade3dea1aab2528999cb1eb08b3394cd3da0619b986d9d6"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:43b0aeb3721a2f472364a67634f1870c34e111c2534d1ab5d429e7823d968c75","downloaded_from":"2026-09-10T01:00:03.442Z","last_downloaded_at":"2026-09-10T01:00:03.442Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480213","source_sha256":"eddd5caa32976b67cade3dea1aab2528999cb1eb08b3394cd3da0619b986d9d6"}},{"block":"Settlements, Curtailments, and Certain Termination Benefits","heading":"Settlements","paragraphs":[{"citation":"715-30-35-79","para":"35-79","html":"
The maximum gain or loss subject to recognition in earnings when a pension obligation is settled is the net gain or loss remaining in accumulated other comprehensive income plus any transition asset remaining in accumulated other comprehensive income from initial application of this Subtopic. That maximum amount includes any gain or loss first measured at the time of settlement. The maximum amount shall be recognized in earnings if the entire projected benefit obligation is settled. If only part of the projected benefit obligation is settled, the employer shall recognize in earnings a pro rata portion of the maximum amount equal to the percentage reduction in the projected benefit obligation. If the purchase of a participating annuity contract constitutes a settlement under the guidance in paragraphs
715-30-35-85 through 35-89
, the maximum gain (but not the maximum loss) shall be reduced by the cost of the participation right before determining the amount to be recognized in earnings.
","snippet":"The maximum gain or loss subject to recognition in earnings when a pension obligation is settled is the net gain or loss remaining in accumulated other comprehensive income plus any transition asset remaining in accumula…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:dbeb107bc30d536744592b966350d77b83f76f6e7225355bf073b6433a54eb22","downloaded_from":"2026-09-10T01:00:03.442Z","last_downloaded_at":"2026-09-10T01:00:03.442Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480213","source_sha256":"eddd5caa32976b67cade3dea1aab2528999cb1eb08b3394cd3da0619b986d9d6"}},{"citation":"715-30-35-80","para":"35-80","html":"
See Example 2 (paragraph 715-30-55-202) for illustrations of the settlement related guidance presented in this Subsection.
","snippet":"See Example 2 (paragraph 715-30-55-202) for illustrations of the settlement related guidance presented in this Subsection.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:6bedda7857fbc63565a3e135dbd0ec3fc17a924e498bd6544396f54cd36ed02e","downloaded_from":"2026-09-10T01:00:03.442Z","last_downloaded_at":"2026-09-10T01:00:03.442Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480213","source_sha256":"eddd5caa32976b67cade3dea1aab2528999cb1eb08b3394cd3da0619b986d9d6"}},{"citation":"715-30-35-81","para":"35-81","html":"
Plan assets and the projected benefit obligation shall be measured as of the date the settlement occurs (that is, as of the date that the criteria for a settlement are met and settlement accounting becomes appropriate) to determine the maximum gain or loss subject to pro rata recognition in earnings and the percentage reduction in the projected benefit obligation. The effects of a settlement can be reliably measured only if based on measures of plan assets and the projected benefit obligation as of the date of the settlement because intervening events (such as investment gains or losses, or gains or losses from changes in interest rates) after a prior measurement date could change the relevant amounts.
","snippet":"Plan assets and the projected benefit obligation shall be measured as of the date the settlement occurs (that is, as of the date that the criteria for a settlement are met and settlement accounting becomes appropriate) t…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:00d44bfb10c6e8a0a399b7fa7775014f497d0205fbe0da9373adf06fcef04b7c","downloaded_from":"2026-09-10T01:00:03.442Z","last_downloaded_at":"2026-09-10T01:00:03.442Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480213","source_sha256":"eddd5caa32976b67cade3dea1aab2528999cb1eb08b3394cd3da0619b986d9d6"}},{"citation":"715-30-35-82","para":"35-82","html":"
Recognition in earnings of gains or losses from settlements is required if the cost of all settlements during a year is greater than the sum of the service cost and interest cost components of net periodic pension cost for the pension plan for the year. However, if the cost of all settlements in a year is less than or equal to the sum of the service cost and interest cost components of net periodic pension cost for the plan for the year, gain or loss recognition in earnings is permitted but not required for those settlements. The accounting policy adopted for recognition in earnings of gains or losses from settlements shall be applied consistently from year to year.
","snippet":"Recognition in earnings of gains or losses from settlements is required if the cost of all settlements during a year is greater than the sum of the service cost and interest cost components of net periodic pension cost f…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:157c3762671e4ac23d87964b6a9c3623676c37b1b070f0d9b57c274ac358af58","downloaded_from":"2026-09-10T01:00:03.442Z","last_downloaded_at":"2026-09-10T01:00:03.442Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480213","source_sha256":"eddd5caa32976b67cade3dea1aab2528999cb1eb08b3394cd3da0619b986d9d6"}},{"citation":"715-30-35-83","para":"35-83","html":"
The cost of a settlement is determined as follows for each of the different settlement types:
  1. a
    For a cash settlement, the amount of cash paid to employees
  2. b
    For a settlement using nonparticipating annuity contracts, the cost of the contracts
  3. c
    For a settlement using participating annuity contracts, the cost of the contracts less the amount attributed to participation rights. See paragraph 715-30-35-57.
","snippet":"The cost of a settlement is determined as follows for each of the different settlement types:\n(a) For a cash settlement, the amount of cash paid to employees\n(b) For a settlement using nonparticipating annuity contracts,…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a15cad444d1a252e6c04a977004178d5acd2fe52ccf4f1faaea411054e422e4d","downloaded_from":"2026-09-10T01:00:03.442Z","last_downloaded_at":"2026-09-10T01:00:03.442Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480213","source_sha256":"eddd5caa32976b67cade3dea1aab2528999cb1eb08b3394cd3da0619b986d9d6"}},{"citation":"715-30-35-84","para":"35-84","html":"
The intent of the guidance in this Subsection is that if the substance of an insurance contract is such that the employer remains subject to all or most of the risks and rewards associated with the covered pension benefit obligation or the assets transferred to the insurance entity, the purchase of the contract does not constitute a settlement. The circumstances under which an employer shall recognize in earnings the net gain or loss included in accumulated other comprehensive income are limited and such recognition shall not occur if the settlement transaction is between an employer and an entity that it controls because such a transaction merely shifts the risks from one part of the entity to another part of the same entity.
","snippet":"The intent of the guidance in this Subsection is that if the substance of an insurance contract is such that the employer remains subject to all or most of the risks and rewards associated with the covered pension benefi…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:99ea69c6da8dbe176ef656e505b99d4e57f3de5407b5edb44e9f429fa2c908e3","downloaded_from":"2026-09-10T01:00:03.442Z","last_downloaded_at":"2026-09-10T01:00:03.442Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480213","source_sha256":"eddd5caa32976b67cade3dea1aab2528999cb1eb08b3394cd3da0619b986d9d6"}},{"citation":"715-30-35-85","para":"35-85","html":"
Annuity contracts purchased from an entity that is controlled by the employer are excluded from settlement accounting. Therefore, an employer that purchases annuity contracts from an insurance entity that it controls shall not recognize any settlement gain or loss associated with the transaction (that is, the transaction does not qualify for settlement accounting).
","snippet":"Annuity contracts purchased from an entity that is controlled by the employer are excluded from settlement accounting. Therefore, an employer that purchases annuity contracts from an insurance entity that it controls sha…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2e15bf38c03ca114dab109a06d4b32d42bbb8021b06aad2ab51d0494c98bf026","downloaded_from":"2026-09-10T01:00:03.442Z","last_downloaded_at":"2026-09-10T01:00:03.442Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480213","source_sha256":"eddd5caa32976b67cade3dea1aab2528999cb1eb08b3394cd3da0619b986d9d6"}},{"citation":"715-30-35-86","para":"35-86","html":"
If there is any reasonable doubt that the insurance entity will meet its obligations under the annuity contract, the purchase of the contract does not constitute a settlement.
","snippet":"If there is any reasonable doubt that the insurance entity will meet its obligations under the annuity contract, the purchase of the contract does not constitute a settlement.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:704b01a73688b6faa2cb0d29e0582a63e8002a432b0ebbcb2940ff8f405ff5d8","downloaded_from":"2026-09-10T01:00:03.442Z","last_downloaded_at":"2026-09-10T01:00:03.442Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480213","source_sha256":"eddd5caa32976b67cade3dea1aab2528999cb1eb08b3394cd3da0619b986d9d6"}},{"citation":"715-30-35-87","para":"35-87","html":"
If the substance of a participating annuity contract is such that the employer remains subject to all or most of the risks and rewards associated with the benefit obligation covered or the assets transferred to the insurance entity, the purchase of the contract does not constitute a settlement.
","snippet":"If the substance of a participating annuity contract is such that the employer remains subject to all or most of the risks and rewards associated with the benefit obligation covered or the assets transferred to the insur…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e67cfb820c7dd222953ee7996e4f1ceb39e95998332c13304306266d08530792","downloaded_from":"2026-09-10T01:00:03.442Z","last_downloaded_at":"2026-09-10T01:00:03.442Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480213","source_sha256":"eddd5caa32976b67cade3dea1aab2528999cb1eb08b3394cd3da0619b986d9d6"}},{"citation":"715-30-35-88","para":"35-88","html":"
It may be difficult to determine the extent to which a participating annuity contract exposes the purchaser to the risk of unfavorable experience, which would be reflected in lower than expected future dividends. Additionally, under some annuity contracts described as participating, the purchaser might remain subject to all or most of the same risks and rewards related to future experience that would have existed had the contract not been purchased. Some participating insurance contracts may require or permit payment of additional premiums if experience is unfavorable. Accordingly, if a participating insurance contract requires or permits payment of additional premiums because of experience losses, or if the substance of the contract is such that the purchaser retains all or most of the related risks and rewards, the purchase of that contract does not constitute a settlement.
","snippet":"It may be difficult to determine the extent to which a participating annuity contract exposes the purchaser to the risk of unfavorable experience, which would be reflected in lower than expected future dividends. Additio…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c7c41ec636fb34bf6af79b761aa08f70c74578d0039d3280015577b61c687bcf","downloaded_from":"2026-09-10T01:00:03.442Z","last_downloaded_at":"2026-09-10T01:00:03.442Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480213","source_sha256":"eddd5caa32976b67cade3dea1aab2528999cb1eb08b3394cd3da0619b986d9d6"}},{"citation":"715-30-35-89","para":"35-89","html":"
An employer may decide to make up a deficiency in annuity contract payments following a settlement and subsequent insolvency by the insurance entity. The following guidance addresses how the employer shall account for the cost of making up the deficiency in annuity payments to the retirees.
","snippet":"An employer may decide to make up a deficiency in annuity contract payments following a settlement and subsequent insolvency by the insurance entity. The following guidance addresses how the employer shall account for th…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a1d1cf609588d0183a121331c1fcaae1796c621d0d5b48a14c87f10dd6195692","downloaded_from":"2026-09-10T01:00:03.442Z","last_downloaded_at":"2026-09-10T01:00:03.442Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480213","source_sha256":"eddd5caa32976b67cade3dea1aab2528999cb1eb08b3394cd3da0619b986d9d6"}},{"citation":"715-30-35-90","para":"35-90","html":"
The following circumstances identify the fact pattern to which the required accounting would apply. An employer sponsors a defined benefit pension plan. The employer settles its pension obligation through the purchase of insurance annuity contracts from an insurance entity. The employer may or may not terminate the defined benefit pension plan. The employer appropriately applies the guidance in this Subsection. Subsequently, the insurance entity becomes insolvent and is unable to meet all of its obligations under the annuity contracts. The employer decides to make up some portion or all of any deficiency in annuity payments to the retirees.
","snippet":"The following circumstances identify the fact pattern to which the required accounting would apply. An employer sponsors a defined benefit pension plan. The employer settles its pension obligation through the purchase of…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8b41f087c453f36b7144fcd6e01fbbbf0b6bc6a2f3177da1e5ac87aab8b5f183","downloaded_from":"2026-09-10T01:00:03.442Z","last_downloaded_at":"2026-09-10T01:00:03.442Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480213","source_sha256":"eddd5caa32976b67cade3dea1aab2528999cb1eb08b3394cd3da0619b986d9d6"}},{"citation":"715-30-35-91","para":"35-91","html":"
The employer shall recognize a loss in the circumstances described in the preceding paragraph at the time the deficiency is assumed by the employer if any gain was recognized on the original settlement. The loss recognized would be the lesser of any gain recognized on the original settlement or the amount of the benefit obligation assumed by the employer. The excess of the obligation assumed by the employer over the loss recognized shall be accounted for as a plan amendment or plan initiation in accordance with paragraphs
715-30-35-10 through 35-17
. Subsequent accounting shall be in accordance with the provisions of this Subtopic.
","snippet":"The employer shall recognize a loss in the circumstances described in the preceding paragraph at the time the deficiency is assumed by the employer if any gain was recognized on the original settlement. The loss recogniz…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:91edc3c46a737f5c836a6718f3f88ef7b6f0ee51a305cba936ec3f332314a9a2","downloaded_from":"2026-09-10T01:00:03.442Z","last_downloaded_at":"2026-09-10T01:00:03.442Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480213","source_sha256":"eddd5caa32976b67cade3dea1aab2528999cb1eb08b3394cd3da0619b986d9d6"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c8560fe14f190b8dd264fb4c3fe998242c618e198c995518522f5b4533fa8e29","downloaded_from":"2026-09-10T01:00:03.442Z","last_downloaded_at":"2026-09-10T01:00:03.442Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480213","source_sha256":"eddd5caa32976b67cade3dea1aab2528999cb1eb08b3394cd3da0619b986d9d6"}},{"block":"Settlements, Curtailments, and Certain Termination Benefits","heading":"Curtailments","paragraphs":[{"citation":"715-30-35-92","para":"35-92","html":"
The prior service cost included in accumulated other comprehensive income associated with years of service no longer expected to be rendered as the result of a curtailment is a loss. For example, if a curtailment eliminates half of the estimated remaining future years of service of those who were employed at the date of a prior plan amendment and were expected to receive benefits under the plan, then the loss associated with the curtailment is half of the prior service cost included in accumulated other comprehensive income related to that amendment that has not been amortized as a component of net periodic pension cost. For purposes of applying the provisions of this paragraph, prior service cost includes the cost of retroactive plan amendments (see paragraphs
715-30-35-10 through 35-11
) and any transition obligation remaining in accumulated other comprehensive income from initial application of this Subtopic. The calculation of prior service cost associated with services of terminated employees is illustrated in Example 3 (see paragraph 715-30-55-212).
","snippet":"The prior service cost included in accumulated other comprehensive income associated with years of service no longer expected to be rendered as the result of a curtailment is a loss. For example, if a curtailment elimina…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e3ed9aeae8517d7ec40533c09a85a28e3ef4ada454406f8531d504eeca784ee6","downloaded_from":"2026-09-10T01:00:03.442Z","last_downloaded_at":"2026-09-10T01:00:03.442Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480213","source_sha256":"eddd5caa32976b67cade3dea1aab2528999cb1eb08b3394cd3da0619b986d9d6"}},{"citation":"715-30-35-93","para":"35-93","html":"
The projected benefit obligation, exclusive of increases that reflect termination benefits that are excluded from the scope of this paragraph (see paragraphs
715-30-25-9 through 25-13
), may be decreased (a gain) or increased (a loss) by a curtailment. To the extent that such a gain exceeds any net loss included in accumulated other comprehensive income (or the entire gain, if a net gain exists), it is a curtailment gain. To the extent that such a loss exceeds any net gain included in accumulated other comprehensive income (or the entire loss, if a net loss exists), it is a curtailment loss. For purposes of applying the provisions of this paragraph, any transition asset remaining in accumulated other comprehensive income from initial application of this Subtopic shall be treated as a net gain and shall be combined with the net gain or loss arising thereafter. See Example 4 (paragraph 715-30-55-216) for an illustration of a curtailment if there is a remaining transition asset included in accumulated other comprehensive income.
","snippet":"The projected benefit obligation, exclusive of increases that reflect termination benefits that are excluded from the scope of this paragraph (see paragraphs 715-30-25-9 through 25-13), may be decreased (a gain) or incre…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c690bdcfd42ddc0d4012f2bda77c373b05c7f9148978ca73f4bfbac1175117cd","downloaded_from":"2026-09-10T01:00:03.442Z","last_downloaded_at":"2026-09-10T01:00:03.442Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480213","source_sha256":"eddd5caa32976b67cade3dea1aab2528999cb1eb08b3394cd3da0619b986d9d6"}},{"citation":"715-30-35-94","para":"35-94","html":"
If the sum of the effects identified in the preceding two paragraphs is a net loss, it shall be recognized in earnings when it is probable that a curtailment will occur and the effects described are reasonably estimable. If the sum of those effects is a net gain, it shall be recognized in earnings when the related employees terminate or the plan suspension or amendment is adopted.
","snippet":"If the sum of the effects identified in the preceding two paragraphs is a net loss, it shall be recognized in earnings when it is probable that a curtailment will occur and the effects described are reasonably estimable.…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b3e2ce1a9d17e257c1a922dbc5d5ea1a0b9b35a377c63b53f6c78bcf06024945","downloaded_from":"2026-09-10T01:00:03.442Z","last_downloaded_at":"2026-09-10T01:00:03.442Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480213","source_sha256":"eddd5caa32976b67cade3dea1aab2528999cb1eb08b3394cd3da0619b986d9d6"}},{"citation":"715-30-35-95","para":"35-95","html":"
If a situation also involves termination benefits, the change in the projected benefit obligation due to the curtailment is the difference between the projected benefit obligation for the respective employees before their acceptance of the offer of termination benefits and the projected benefit obligation determined for those employees by applying the normal pension plan formula and assuming no future service because of their termination. See Examples 5 through 6 (paragraphs
715-30-55-222 through 55-230
) for an illustration of this guidance.
","snippet":"If a situation also involves termination benefits, the change in the projected benefit obligation due to the curtailment is the difference between the projected benefit obligation for the respective employees before thei…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:19649db60f857d53c39d9a63a39caeb5bd2574d2acbd726c053a9d83aa09b389","downloaded_from":"2026-09-10T01:00:03.442Z","last_downloaded_at":"2026-09-10T01:00:03.442Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480213","source_sha256":"eddd5caa32976b67cade3dea1aab2528999cb1eb08b3394cd3da0619b986d9d6"}},{"citation":"715-30-35-96","para":"35-96","html":"
See also Example 7 (paragraph 715-30-55-231) for more illustrations of the curtailment-related guidance presented in this Subsection.
","snippet":"See also Example 7 (paragraph 715-30-55-231) for more illustrations of the curtailment-related guidance presented in this Subsection.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d9515990ee956e760ab4d00810e1c712dacabdda85b72ed7b92c62401ef91f89","downloaded_from":"2026-09-10T01:00:03.442Z","last_downloaded_at":"2026-09-10T01:00:03.442Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480213","source_sha256":"eddd5caa32976b67cade3dea1aab2528999cb1eb08b3394cd3da0619b986d9d6"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:bca7b939632cc10ee06938effefb775330367a6a87a4069c64355839eb91df74","downloaded_from":"2026-09-10T01:00:03.442Z","last_downloaded_at":"2026-09-10T01:00:03.442Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480213","source_sha256":"eddd5caa32976b67cade3dea1aab2528999cb1eb08b3394cd3da0619b986d9d6"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a9e94e78a36ac4484219abc0ddaf44bae4e6f6eb0834e59fd2860b1161dfd42f","downloaded_from":"2026-09-10T01:00:03.442Z","last_downloaded_at":"2026-09-10T01:00:03.442Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480213","source_sha256":"eddd5caa32976b67cade3dea1aab2528999cb1eb08b3394cd3da0619b986d9d6"}},{"number":"45","label":"45 Other Presentation Matters","anchor":"45-other-presentation-matters","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"715-30-45-1","para":"45-1","html":"
See paragraph 715-30-25-4 for guidance on reporting changes in a plan's funded status and the effect of certain amortization components of net periodic pension cost in other comprehensive income.
","snippet":"See paragraph 715-30-25-4 for guidance on reporting changes in a plan's funded status and the effect of certain amortization components of net periodic pension cost in other comprehensive income.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:45e492bfd0613468b1ea5e2cbe5040ca529d6bcd181eb99d19ad4e138ec9ffe0","downloaded_from":"2026-09-10T01:00:07.182Z","last_downloaded_at":"2026-09-10T01:00:07.182Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480183","source_sha256":"d5347bffd42ad0a8a36585d72b76ee68eb775478aa17f7e6b00a9185daa8ed99"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:be888433edc2d91444a71112c9ec23345eda029bc46e8eb911e11345ef7f3de7","downloaded_from":"2026-09-10T01:00:07.182Z","last_downloaded_at":"2026-09-10T01:00:07.182Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480183","source_sha256":"d5347bffd42ad0a8a36585d72b76ee68eb775478aa17f7e6b00a9185daa8ed99"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:99e5cab3cd42f86168f518261beedd00ef7559369241320ca4ca4e8505b0392d","downloaded_from":"2026-09-10T01:00:07.182Z","last_downloaded_at":"2026-09-10T01:00:07.182Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480183","source_sha256":"d5347bffd42ad0a8a36585d72b76ee68eb775478aa17f7e6b00a9185daa8ed99"}},{"number":"50","label":"50 Disclosure","anchor":"50-disclosure","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"715-30-50-1","para":"50-1","html":"
See Section 715-20-50 for disclosure requirements applicable to matters in the scope of this Subtopic.
","snippet":"See Section 715-20-50 for disclosure requirements applicable to matters in the scope of this Subtopic.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:020ca6cc6381f328942306d41174e85ee5ee7fd88639fb5937becaaa7c8a08f2","downloaded_from":"2026-09-10T01:00:09.560Z","last_downloaded_at":"2026-09-10T01:00:09.560Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481097","source_sha256":"db3af8c6a7382e6d4019592aa7fcc091ae35ab579ded45c74ba1e6691a140768"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d986a1e57c761e8c2d8dd70be98ce02abc7d1115b66076f25d1d6fd44580df9f","downloaded_from":"2026-09-10T01:00:09.560Z","last_downloaded_at":"2026-09-10T01:00:09.560Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481097","source_sha256":"db3af8c6a7382e6d4019592aa7fcc091ae35ab579ded45c74ba1e6691a140768"}},{"block":"Settlements, Curtailments, and Certain Termination Benefits","heading":null,"paragraphs":[{"citation":"715-30-50-2","para":"50-2","html":"
See Section 715-20-50 for disclosure requirements applicable to matters in the scope of this Subtopic.
","snippet":"See Section 715-20-50 for disclosure requirements applicable to matters in the scope of this Subtopic.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:65956c059857022c78824a578a4bba99fa4654269b950140b896947657cd3609","downloaded_from":"2026-09-10T01:00:09.560Z","last_downloaded_at":"2026-09-10T01:00:09.560Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481097","source_sha256":"db3af8c6a7382e6d4019592aa7fcc091ae35ab579ded45c74ba1e6691a140768"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:03732e5932bacdd1df76d88a31ffeeaa2147591f50c1255e3deb8af389450899","downloaded_from":"2026-09-10T01:00:09.560Z","last_downloaded_at":"2026-09-10T01:00:09.560Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481097","source_sha256":"db3af8c6a7382e6d4019592aa7fcc091ae35ab579ded45c74ba1e6691a140768"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:040081ac80b363b281e831c04a52dc0a0b41d25702695f259b649e1d4b66c54a","downloaded_from":"2026-09-10T01:00:09.560Z","last_downloaded_at":"2026-09-10T01:00:09.560Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481097","source_sha256":"db3af8c6a7382e6d4019592aa7fcc091ae35ab579ded45c74ba1e6691a140768"}},{"number":"55","label":"55 Implementation Guidance and Illustrations","anchor":"55-implementation-guidance-and-illustrations","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"715-30-55-1","para":"55-1","html":"
This Subsection is an integral part of the requirements of this Subtopic. This Subsection provides additional guidance and illustrations that address the application of accounting requirements to specific aspects of accounting for matters related to defined benefit pension plans. The guidance and illustrations that follow may be based on provisions of law that are subject to change. These assumptions about the law are for illustrative purposes only.
","snippet":"This Subsection is an integral part of the requirements of this Subtopic. This Subsection provides additional guidance and illustrations that address the application of accounting requirements to specific aspects of acco…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3e2f2d2c1678e8c5a4b5d694025605aa87a09b978bbcc7848964682f0b13e9cc","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:36fe8db6c4bb1e5d1385950b082ceaa675dd4d67f247773d5bf39de4d0c14f9c","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"block":null,"heading":"Implementation Guidance","paragraphs":[{"citation":"715-30-55-2","para":"55-2","html":"
This implementation guidance is organized into the following categories:
  1. a
    Net periodic pension cost
  2. b
    Attribution
  3. c
    Substantive commitment
  4. d
    Assumptions
  5. e
    Selection of discount rates
  6. f
    Plan assets
  7. g
    Insurance contracts
  8. h
    Amounts included in accumulated other comprehensive income
  9. i
    Timing of measurements
  10. j
    Multiemployer, multiple-employer, and single-employer plans
  11. k
    Pension arrangements outside the United States
  12. l
    Combining and dividing plans.
","snippet":"This implementation guidance is organized into the following categories:\n(a) Net periodic pension cost\n(b) Attribution\n(c) Substantive commitment\n(d) Assumptions\n(e) Selection of discount rates\n(f) Plan assets\n(g) Insura…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:37fd3e3f63319ed8af75bcd74a9b8e191cef38f3285c7a84e110664ae1f689a2","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-3","para":"55-3","html":"
Paragraph 715-30-35-4 provides that net periodic pension cost is an aggregation of various pension cost components, some of which are expenses or losses (which increase net periodic pension cost) and some of which are revenues or gains (which decrease net periodic pension cost). It is possible for the revenue or gain components to exceed the expense or loss components, resulting in net periodic pension income. For example, a pension plan may have an expected return on plan assets or amortization of a transition asset remaining in accumulated other comprehensive income that exceeds the other net periodic pension cost components.
","snippet":"Paragraph 715-30-35-4 provides that net periodic pension cost is an aggregation of various pension cost components, some of which are expenses or losses (which increase net periodic pension cost) and some of which are re…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:82a5e7213939ea28ff8d39a5c19ac2fbedc5020bba060a3531afa726437e26ee","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-4","para":"55-4","html":"
An employer sponsoring a pension plan that is overfunded may have net periodic pension cost that is a net credit (that is, net periodic pension income) and the employer may make no contribution to the pension plan because it cannot currently deduct that amount for tax purposes. In this situation, the difference between net periodic pension income and the tax-deductible amount is a temporary difference as discussed in paragraphs
740-10-25-18 through 25-20
. The difference between net periodic pension income and the tax-deductible amount represents the origination or reversal of a portion of the overall temporary difference related to a pension plan for which deferred taxes should be provided. Ultimately, the employer's cost of providing pension benefits to employees equals the net amount funded, which is equal to the total benefits paid less earnings on plan assets. Thus, cumulative pension cost for accounting purposes will equal the cumulative amount recognized for tax purposes.
","snippet":"An employer sponsoring a pension plan that is overfunded may have net periodic pension cost that is a net credit (that is, net periodic pension income) and the employer may make no contribution to the pension plan becaus…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:599b1b43b3393f2bfdbe837a60fc0a317458958752f5fbe0874e099c22fa1fac","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-5","para":"55-5","html":"
The overall temporary difference discussed in the preceding paragraph will reverse in one of two ways. First, at some future time the pension plan may not be so overfunded because of poor investment performance or because of increases in the obligation due to a decline in interest rates, additional pension benefits earned for future years of service, or amendments to the pension plan that increase pension benefits. In this case, net periodic pension cost for future years would eventually exceed amounts funded in those years. Second, if the pension plan remains overfunded and continually generates investment returns in excess of increases in the pension obligation, the employer may terminate the pension plan to recapture excess assets. In this case, the gain for accounting purposes from the pension plan termination would be less than the taxable amount resulting from that event. Although the reversal of the temporary difference may be far in the future and may be somewhat under the employer's control, there is a temporary difference for which deferred taxes should be provided.
","snippet":"The overall temporary difference discussed in the preceding paragraph will reverse in one of two ways. First, at some future time the pension plan may not be so overfunded because of poor investment performance or becaus…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b7d1e11924143591e0a099697433c444f544101c306dc6f834e81dccea976771","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-6","para":"55-6","html":"
An employer may withdraw excess plan assets (cash) from a pension plan, not be required to settle a pension benefit obligation as part of an asset reversion transaction, and, as provided for in paragraph 715-30-55-145, no net gain or loss included in accumulated other comprehensive income would be immediately recognized in earnings. However, the withdrawal of excess plan assets shall be recorded as a negative contribution. That is, the employer shall record a debit to cash and a credit to the net pension asset or liability, as appropriate.
","snippet":"An employer may withdraw excess plan assets (cash) from a pension plan, not be required to settle a pension benefit obligation as part of an asset reversion transaction, and, as provided for in paragraph 715-30-55-145, n…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a1faf77d70cf6790339821501d0c7bdfb23f724591a2d0da3a208b961cd57e67","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-7","para":"55-7","html":"
The following attribution-related implementation guidance illustrates the application of the guidance in paragraph 715-30-35-36 that establishes that pension benefits ordinarily shall be attributed to periods of employee service based on the plan's benefit formula to the extent that the formula states or implies an attribution.
","snippet":"The following attribution-related implementation guidance illustrates the application of the guidance in paragraph 715-30-35-36 that establishes that pension benefits ordinarily shall be attributed to periods of employee…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:4f95d154add09742e91204d417c7a5711633b58ccb625bfd88148dec359e0d0d","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-8","para":"55-8","html":"
Under the paragraph 715-30-35-36 guidance, if a pension plan's formula provides an annual pension benefit equal to 1 percent of each year's salary (that is, it does not base pension benefits for the current year on any future salary level), the projected unit credit method should be used to attribute the service cost component of net periodic pension cost over employees' service periods because a pension plan that describes the pension benefits earned as 1 percent of current pay for each year of service is the same as a pension plan that describes the pension benefits earned as 1 percent of total career pay. Both are, in effect, a career-average-pay pension plan. Because similar pension benefits could be provided by a final-pay pension plan that includes almost the entire service period (for example, service period minus the first year) in determining the average final pay on which pension benefits are based, the line between career-average-pay and final-pay pension plans would need to be an arbitrary one if the two types of formulas were to be treated differently.
","snippet":"Under the paragraph 715-30-35-36 guidance, if a pension plan's formula provides an annual pension benefit equal to 1 percent of each year's salary (that is, it does not base pension benefits for the current year on any f…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8f6544c09d4ce357f3bf6e189b803b1abdea4b287a87d3342d20b09f8a9a1c03","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-9","para":"55-9","html":"
A career-average-pay pension plan may have a formula that provides pension benefits equal to 1 percent of each year's salary for that year's service with, for example, prospective (flat-benefit) plan amendments granted every 3 years as part of union negotiations (for example, a negotiated increase may provide that additional benefits of $360 per year are earned for each of the following 3 years of service). In such a plan, the projected unit credit method should not be used for both the career-average-pay and the flat-benefit portions of the pension benefits provided under the pension plan. Rather, the projected unit credit method should be used to attribute the career-average-pay portion of the pension benefits over employees' service periods, and the unit credit method should be used for the flat-benefit portion for the limited service period, which, in this example, is three years.
","snippet":"A career-average-pay pension plan may have a formula that provides pension benefits equal to 1 percent of each year's salary for that year's service with, for example, prospective (flat-benefit) plan amendments granted e…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:00e34a93ff8599c06173b47bdfe5758c78059b53ba19cf5bbd59d3591ce6bb68","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-10","para":"55-10","html":"
In a pension plan that provides a pension benefit of 1 percent of final pay for each year of service up to a maximum of 20 years of service with, for example, final pay frozen at the 20th year, the employer should not attribute the total projected benefits under the pension plan for an employee over the employee's expected service period even if that service period is anticipated to exceed the 20-year limitation. Although total projected benefits ordinarily should be attributed to years of service based on the pension plan's formula, paragraph 715-30-35-38 explains that some pension plans have formulas that attribute a disproportionate share of those pension benefits to later years of service and requires attribution of those pension benefits ratably over the service period (which would be faster than the pension plan formula). However, no basis exists for attribution of pension benefits to years of service more slowly than the pension plan's formula. In this example, the service cost component of net periodic pension cost for the employee should be zero after Year 20. However, interest cost should continue to accrue on the projected benefit obligation. If the pension plan's formula in this example provided a pension benefit of 1 percent of final pay for each year of service up to a maximum of 20 years of service and final pay is not frozen at the 20th year, the result is the same except that gains or losses will occur after the 20-year period if experience is different from that assumed regarding the final level of compensation.
","snippet":"In a pension plan that provides a pension benefit of 1 percent of final pay for each year of service up to a maximum of 20 years of service with, for example, final pay frozen at the 20th year, the employer should not at…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:644c0e2e5ea053d6f67bb8feb2f29a12b4c66c52139b6b8dc5430eb6f0bc34ff","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-11","para":"55-11","html":"
A pension plan may have more than one formula with an employee's pension benefits determined based on the formula that provides the greatest pension benefit at the time the employee terminates or retires. For example, if the employee terminates in Year 10, the pension plan's flat-benefit formula provides a greater pension benefit than does the pension plan's pay-related formula, while if the employee terminates in Year 11, the pension plan provides that same employee with a greater benefit under its pay-related formula than under its flat-benefit formula. In a pension plan that effectively has a formula that defines different benefits for different years of service, an attribution approach that does not assign the same amount of pension benefit to each year of an employee's service may be required.
","snippet":"A pension plan may have more than one formula with an employee's pension benefits determined based on the formula that provides the greatest pension benefit at the time the employee terminates or retires. For example, if…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:96fa4a396e21d6dd919c74e23c90bc5150781494ded1ea81c38d10a5d33b33eb","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-12","para":"55-12","html":"
If a pension plan has more than one formula, the accumulated benefit obligation shall be based on the greatest of the pension benefits determined by applying each of the plan's formulas to service to date. The projected benefit obligation shall be determined based on the same formula until an allocation of incremental pension benefits for the remaining expected service period using another formula provides a greater pension benefit allocated to service in the current year. As indicated in the preceding paragraph, that may result in differing levels of benefits attributed to different years of an employee's service.
","snippet":"If a pension plan has more than one formula, the accumulated benefit obligation shall be based on the greatest of the pension benefits determined by applying each of the plan's formulas to service to date. The projected …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:902c4e8999ec5b92fc812c3c1bfc5deae2c3ebd4086cbb9f722a8ac26fbd53b9","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-13","para":"55-13","html":"
See Example 3 (paragraph 715-30-55-108) for an illustration of how an employer would determine the accumulated and projected benefit obligations for a pension plan that has more than one benefit formula.
","snippet":"See Example 3 (paragraph 715-30-55-108) for an illustration of how an employer would determine the accumulated and projected benefit obligations for a pension plan that has more than one benefit formula.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:db0a4bea2f843d7bf9a03beb936035bdec7873cb0ec7216499d1cb18b7fe634c","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-14","para":"55-14","html":"
An employer may sponsor both a qualified pension plan (for tax purposes) and an excess benefit plan (sometimes referred to as a top-hat pension plan) during an employee's service period and the employee may be expected to receive a pension benefit under the excess benefit pension plan (that is, the employee's pension benefit at retirement is expected to exceed the limitations imposed by the U.S. Internal Revenue Code). In this situation, the projected benefit obligation should be attributed to the qualified pension plan (for tax purposes) until it equals the assumed benefit limitations imposed by the U.S. Internal Revenue Code. See paragraph 715-30-55-21 for considerations of future changes in limitations. Any incremental projected benefits for subsequent years of service should then be attributed to the excess benefit pension plan. Until an employee's projected benefits for service already rendered reach the benefit limitations of the underlying qualified pension plan, the employee is not eligible for benefits under an excess benefit pension plan and no cost or obligation should be attributed to that pension plan.
","snippet":"An employer may sponsor both a qualified pension plan (for tax purposes) and an excess benefit plan (sometimes referred to as a top-hat pension plan) during an employee's service period and the employee may be expected t…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:5990ea3445093576d3c42c17b2b62489442fb25345a80b388a10c3639995bd5f","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-14A","para":"55-14A","html":"
In most circumstances involving excess benefit pension plans, the plan assets of a qualified pension plan (for tax purposes) are segregated and restricted to provide pension benefits only under that pension plan. Therefore, unless an employer clearly has a legal right to use the plan assets of the qualified pension plan to pay directly the pension benefits of the nonqualified pension plan (a right that generally does not exist), the determination of net periodic pension cost, including amortization periods and patterns for recognition in earnings of the cost of retroactive plan amendments and gains or losses should be on a plan-by-plan basis. Also, the disclosures required by paragraph 715-20-50-2 may need to be made separately for each plan.
","snippet":"In most circumstances involving excess benefit pension plans, the plan assets of a qualified pension plan (for tax purposes) are segregated and restricted to provide pension benefits only under that pension plan. Therefo…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c353ae3228849ffd54229ac03fcf2fdb7b6d46945a51cb12cfc6707208712033","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-14B","para":"55-14B","html":"
The fact that an employer could fund less to the qualified pension plan and use those withheld funds to pay the benefits of the nonqualified pension plan or engage in an asset reversion transaction of the qualified pension plan and use those withdrawn funds to pay the pension benefits of the nonqualified pension plan does not, in itself, allow the pension plans to be reported as a single pension plan. An additional reason that excess benefit pension plans should be viewed as separate pension plans is that sometimes those pension plans cover employees of several different qualified pension plans, in which case it would not be possible to sustain a one-plan view.
","snippet":"The fact that an employer could fund less to the qualified pension plan and use those withheld funds to pay the benefits of the nonqualified pension plan or engage in an asset reversion transaction of the qualified pensi…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1fe497f5a66ca3a78db25807999e545e1252108156772cf532ca57a1de81ac7a","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-15","para":"55-15","html":"
See Example 4 (paragraph 715-30-55-118) for an illustration of attribution of pension benefits to a qualified pension plan (for tax purposes) and an excess benefit pension plan.
","snippet":"See Example 4 (paragraph 715-30-55-118) for an illustration of attribution of pension benefits to a qualified pension plan (for tax purposes) and an excess benefit pension plan.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e76c324c844d14980d36f9edc304ce481e7b96a641bf1cca07578cd4e31afcbd","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-16","para":"55-16","html":"
Paragraph 715-30-35-34 describes circumstances under which a substantive commitment is the basis for accounting beyond the written terms of a pension plan.
","snippet":"Paragraph 715-30-35-34 describes circumstances under which a substantive commitment is the basis for accounting beyond the written terms of a pension plan.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:bcf4f903151018a54a653b7541bed24afc7c805f4bece17003f54d3cc516dc31","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-17","para":"55-17","html":"
The determination of whether a substantive commitment exists to provide pension benefits for employees beyond the written terms of the pension plan's formula requires careful consideration of all the facts and circumstances surrounding the pension plan. Actions of the employer, including communications to the employees, can demonstrate the existence of that commitment.
","snippet":"The determination of whether a substantive commitment exists to provide pension benefits for employees beyond the written terms of the pension plan's formula requires careful consideration of all the facts and circumstan…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a5eb041309fca1ef171c1af2857b95b321b047cc2ab73879c42e419575e57a59","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-18","para":"55-18","html":"
However, a history of retroactive plan amendments is not enough, in isolation, to establish a substantive commitment. Absent other evidence of a substantive commitment, such a history should be considered in determining the appropriate amortization periods for prior service cost as discussed in paragraph 715-30-35-14. An employer's accounting for its pension plan should not anticipate a retroactive plan amendment that is not part of a series of retroactive plan amendments necessary to effect a substantive commitment to have a formula greater than its written form.
","snippet":"However, a history of retroactive plan amendments is not enough, in isolation, to establish a substantive commitment. Absent other evidence of a substantive commitment, such a history should be considered in determining …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:64da7d60cc59c8d59da940a0ea830ed868b946e581c42c8205016aa7526a5599","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-19","para":"55-19","html":"
An employer may have a substantive commitment to have a formula greater than the pension plan's written formula. There may be a difference between the effects of a retroactive plan amendment that were anticipated as part of that substantive commitment and the effects of the actual retroactive plan amendment. If that difference results from an intended modification of the formula for which there is a substantive commitment, the accounting shall be that prescribed in paragraphs
715-30-35-10 through 35-17
for a retroactive plan amendment. Otherwise, that difference is a gain or loss subject to the accounting specified in paragraphs
715-30-35-18 through 35-27
.
","snippet":"An employer may have a substantive commitment to have a formula greater than the pension plan's written formula. There may be a difference between the effects of a retroactive plan amendment that were anticipated as part…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d4e6e1ba48573dba512357b0550bce4ed0a797f79fd452055aedfd2079b4fa7f","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-20","para":"55-20","html":"
Paragraph 715-30-35-31 provides guidance on how the service cost component of net periodic pension cost shall reflect estimates of future compensation levels. It is not always necessary for assumed compensation levels to change each time assumed discount rates (and expectations of future inflation rates inherently contained in the assumed discount rates) change. Rather, that paragraph requires consistency based on the incorporation of expectations of the same future economic conditions. That paragraph does not require that both assumptions contain the same future inflation component unless that would be appropriate under the circumstances to reflect the best estimate of the pension plan's future experience. For example, an employer that competes with significant foreign entities may not increase its assumed compensation levels even though assumed discount rates increase because the employer expects that it could not successfully compete in the future if its labor costs increased at a rate greater than that already assumed. Another employer would increase its assumed compensation levels if assumed discount rates increased because changes in that employer's labor costs over time have been highly correlated with changes in inflation rates and the employer expects that correlation to continue.
","snippet":"Paragraph 715-30-35-31 provides guidance on how the service cost component of net periodic pension cost shall reflect estimates of future compensation levels. It is not always necessary for assumed compensation levels to…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c0f0f0206972c46bf36a2ef21a62a81b06651154367c3fb7e8bf02486b5109ab","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-21","para":"55-21","html":"
Changes under existing law in benefit limitations, for example, such as those imposed by Section 415 of the U.S. Internal Revenue Code, that would affect benefits provided by a pension plan should be anticipated in measuring the service cost component of net periodic pension cost and the projected benefit obligation. If the existing law provides for indexing or has a schedule of changes inherent in it, those effects should be considered in determining the service cost component of net periodic pension cost and the projected benefit obligation to the extent consistent with other assumptions (that is, salary and inflation).
","snippet":"Changes under existing law in benefit limitations, for example, such as those imposed by Section 415 of the U.S. Internal Revenue Code, that would affect benefits provided by a pension plan should be anticipated in measu…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a942ae871f215d41c7b249c5ad82a6ac843ea776ba41b36d725028f6f1b06ad6","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-22","para":"55-22","html":"
Provisions of a law, for example, Section 415 of the U.S. Internal Revenue Code, may be incorporated by reference into a pension plan's formula thereby limiting certain participants' accumulated benefits. In such cases, the determination of the pension plan's accumulated benefit obligation should not reflect the current limitation of the law if the pension plan's formula requires automatic increases in accumulated benefits as each change in the limitation under existing law occurs and future service is not a prerequisite for participants to receive those increases. The determination of the pension plan's accumulated benefit obligation should reflect those increases in the limitation under existing law that would be consistent with the pension plan's other assumptions. As described, the pension plan formula incorporates the type of automatic benefit increases addressed in paragraph 715-30-35-35. However, if employees would not automatically receive those pension benefit increases should they retire or terminate their service, then that paragraph would proscribe anticipating those increases and, therefore, the current limitation would be used in determining the accumulated benefit obligation in that situation.
","snippet":"Provisions of a law, for example, Section 415 of the U.S. Internal Revenue Code, may be incorporated by reference into a pension plan's formula thereby limiting certain participants' accumulated benefits. In such cases, …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f7e1dd3a1d12320ad7dd1dcbccaf8a1d386c3fe02124ca52e3f77ad90612336e","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-23","para":"55-23","html":"
Paragraphs
715-30-35-43 through 35-46
establish the requirements for discount rates to be used in measurements of the vested, accumulated, and projected benefit obligations and the service and interest cost components of net periodic pension cost.
","snippet":"Paragraphs 715-30-35-43 through 35-46 establish the requirements for discount rates to be used in measurements of the vested, accumulated, and projected benefit obligations and the service and interest cost components of…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0d03b48ea10107e327172fe20dfb25845d4eb5fbd03f5bcc96cfe700fae2d9eb","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-24","para":"55-24","html":"
The assumed discount rates used to discount the vested, accumulated, and projected benefit obligations may be different if the employer can justify such differences in terms of the paragraph 715-30-35-46 requirement to make the best estimate of the assumed discount rates. For example, different rates should be used to measure the pension obligations for active and retired employees if necessary to reflect differences in the maturity and duration of pension benefit payments. The assumed discount rates for pension benefits that mature in a particular year shall not differ, however, regardless of whether the obligation for those pension benefits is presently classified as a vested, accumulated, or projected benefit obligation.
","snippet":"The assumed discount rates used to discount the vested, accumulated, and projected benefit obligations may be different if the employer can justify such differences in terms of the paragraph 715-30-35-46 requirement to m…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e077fa78a9ccac2aca7e772775df7bb8abd8262cf13d895b0537ee81f5640554","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-25","para":"55-25","html":"
An employer shall not select arbitrarily the assumed discount rates from within a range but shall select the best estimate of the interest rates at which the pension benefits could be effectively settled at that point in time.
","snippet":"An employer shall not select arbitrarily the assumed discount rates from within a range but shall select the best estimate of the interest rates at which the pension benefits could be effectively settled at that point in…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:dc9d6a6cacee84e50b949da9793cd5b25f671c9184d994ddab8c0a8c19e31b33","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-26","para":"55-26","html":"
A change in the basis of estimating assumed discount rates, for example, by using high-quality bond rates for one year and annuity rates for the following year, is not a change in method of applying an accounting principle because of the objective of selecting assumed discount rates to determine the interest rates inherent in the price at which the pension benefits could be effectively settled—currently.
","snippet":"A change in the basis of estimating assumed discount rates, for example, by using high-quality bond rates for one year and annuity rates for the following year, is not a change in method of applying an accounting princip…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b2049f4f52bd97218f8f69344b5aaf930457acb3b497cd1f99156bbd3bc3bca0","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-27","para":"55-27","html":"
If an employer that previously used AA bond rates believes in a subsequent year that, in consideration of its pension plan's particular facts and circumstances, the interest rates that would be inherent in an effective settlement of the pension benefits are now more closely reflected by the rates implicit in current prices of annuity contracts, then those rates should be used and the change is viewed as a change in estimate; the estimate being the determination of the effective settlement rates. The key is that the employer is using the rates implicit in current prices of annuity contracts as the basis to determine the best estimate of the effective settlement rates. The decision to use a particular methodology in a particular year does not mean that the employer must use that methodology in subsequent years. A change in the facts and circumstances may warrant the use of a different source that better reflects the rates at which the obligation could be effectively settled—currently. A position that holds such a change as a change in accounting principle would lend credence to the view that there are two or more acceptable alternatives. That is not the case. The objective is to select the best estimate of the effective settlement rates.
","snippet":"If an employer that previously used AA bond rates believes in a subsequent year that, in consideration of its pension plan's particular facts and circumstances, the interest rates that would be inherent in an effective s…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:beab784d42e2cb2ec602b4ed21a5453bc31b3acf4cbbe2a5b06efd5dfb8acbc5","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-28","para":"55-28","html":"
Another aspect of this estimation issue is determining when to change the basis of estimation from one particular methodology to another, for example, AA bond rates to rates implicit in current prices of annuity contracts. There is no prescribed mathematical formula for making that decision. As indicated in the preceding paragraph, the emphasis in selecting assumed discount rates shall be the use of the best estimate. Changes in the methodology used to determine that best estimate should be made when facts or circumstances change, for example, a general decline or rise in interest rates that has not yet been reflected in the rates implicit in the current prices of annuity contracts. If the facts and circumstances do not change from year to year, it would be inappropriate to change the basis of selection, particularly if the intent in changing the basis is to avoid a change in the assumed discount rates.
","snippet":"Another aspect of this estimation issue is determining when to change the basis of estimation from one particular methodology to another, for example, AA bond rates to rates implicit in current prices of annuity contract…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:222594fc05e77c4c3caf680d29a956cc6ac6231da9113d9e0b39aeda80e52019","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-29","para":"55-29","html":"
A pension plan may have a bond portfolio that was dedicated at a yield significantly higher or lower than current interest rates. The historical rates of return as of the dedication date are not acceptable for use in discounting the projected and accumulated benefit obligations to their present value. Although it is acceptable for an employer to look to rates of return on high-quality fixed-income investments in selecting the assumed discount rates, it is the current rates of return on those investments, not the historical rates of return as of the dedication date, that are relevant.
","snippet":"A pension plan may have a bond portfolio that was dedicated at a yield significantly higher or lower than current interest rates. The historical rates of return as of the dedication date are not acceptable for use in dis…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:6af598748455ce7ae099820218e11686122e0f640fe68ea90f6c8e99a3242a8b","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-30","para":"55-30","html":"
Use of assumed discount rates based on historical rates of return is inconsistent with the paragraph 715-30-35-50 requirement to value plan assets at fair value. If interest rates decline or rise, the effect of the requirement to use current rates is to increase or decrease the present value of the projected benefit obligation. That increase or decrease in the obligation is a loss or gain that would be offset to the extent of the gain or loss in the fair value of the plan's dedicated portfolio of fixed-income investments. Any net gain or loss is subject to amortization as a component of net periodic pension cost.
","snippet":"Use of assumed discount rates based on historical rates of return is inconsistent with the paragraph 715-30-35-50 requirement to value plan assets at fair value. If interest rates decline or rise, the effect of the requi…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2dc8b218b6c6f1dbf007a6497279d08b5a4b2d3fce9bc3a1b2decc21a7063def","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-31","para":"55-31","html":"
Ordinarily, an employer would not want to purchase annuities for that portion of the pension benefit obligation related to future compensation levels and an insurance entity would be unwilling to undertake an unconditional obligation based on future compensation levels without charging increased premiums for the additional risk. Even though a current settlement of the portion of the projected benefit obligation that relates to future compensation levels is unlikely, an employer shall not use those interest rates implicit in current prices of annuity contracts to determine the accumulated benefit obligation, and use interest rates expected to be implicit in future prices of annuity contracts to determine the pension obligation in excess of the accumulated benefit obligation. The use of rates implicit in future annuity prices is not consistent with the requirements of paragraph 715-30-35-46 to use current settlement rates.
","snippet":"Ordinarily, an employer would not want to purchase annuities for that portion of the pension benefit obligation related to future compensation levels and an insurance entity would be unwilling to undertake an uncondition…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ce335f52552cebb297181aa43658fac43dfa95e19c6a80b966cff0753beba2f6","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-32","para":"55-32","html":"
Those factors that are relevant for determining the timing and amount of estimated future annuity payments shall not be reflected by an implicit approach to selecting discount rates. Once the estimated future annuity payments are determined, the discounting process using an explicit approach does not consider anything other than the time value of money for purposes of determining the single sum that, if invested at the measurement date, would generate the necessary cash flows to pay the pension benefits when due (the sum necessary to settle effectively the pension obligation assuming no future experience gains or losses).
","snippet":"Those factors that are relevant for determining the timing and amount of estimated future annuity payments shall not be reflected by an implicit approach to selecting discount rates. Once the estimated future annuity pay…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:bda256f76296df23bd392ed3b6657a4a2d0b0c6f6580f6878ebba868dfbedefc","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-33","para":"55-33","html":"
As required by paragraph 715-30-35-43, the assumed discount rates used to determine the projected, accumulated, and vested benefit obligations shall reflect the interest rates inherent in the price at which the pension benefits could be effectively settled—currently. However, how the accumulated benefit obligation or the projected benefit obligation (before discounting) is determined, that is, whether assumptions as to future inflation or compensation levels are considered, is not relevant in selecting discount rates.
","snippet":"As required by paragraph 715-30-35-43, the assumed discount rates used to determine the projected, accumulated, and vested benefit obligations shall reflect the interest rates inherent in the price at which the pension b…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2da57db68d2403723f8b6c3b7cae03415fac2d030a30b04245892efb68ee0c4e","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-34","para":"55-34","html":"
See paragraph 715-60-55-4 for a discussion of the relationship of discount rates used to measure a pension benefit obligation to discount rates used to measure an other postretirement benefit obligation.
","snippet":"See paragraph 715-60-55-4 for a discussion of the relationship of discount rates used to measure a pension benefit obligation to discount rates used to measure an other postretirement benefit obligation.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:92a7b5f4dc1e2664c01fce5e3fd5e3967ad8ab90b43691a83c2ffaf66fb4f1d4","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-35","para":"55-35","html":"
The definition of plan assets excludes amounts accrued by the employer but not yet paid to the plan if the exclusion is intended to relate to a recognized pension liability. However, if transferable securities issued by the employer are included in plan assets, the measurement of plan assets should also include the interest accrued but not yet received on those securities.
","snippet":"The definition of plan assets excludes amounts accrued by the employer but not yet paid to the plan if the exclusion is intended to relate to a recognized pension liability. However, if transferable securities issued by …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c080c42ac0055e3721feee762805a9419744d10abb7446f9e4331719544e8f36","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-36","para":"55-36","html":"
An employer may have a nonqualified pension plan (for tax purposes) that is funded with life insurance policies owned by the employer. The cash surrender value of life insurance policies, if the employer is the owner or beneficiary, do not qualify as plan assets and the accounting for those policies should be in accordance with Subtopic 325-30.
","snippet":"An employer may have a nonqualified pension plan (for tax purposes) that is funded with life insurance policies owned by the employer. The cash surrender value of life insurance policies, if the employer is the owner or …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:df7d7c08cf35db7ce634cbaf1b2afa84c17b0aebf98b4b85e42dae91844b9d71","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-37","para":"55-37","html":"
An employer may have several pension plans with similar plan assets and may elect to use a market-related value approach to value those plan assets. While paragraph 715-30-35-69 provides for the separate application of the guidance in this Subtopic to each plan, an employer should use different asset valuation methods for similar plan assets only if the pension plans' inherent facts and circumstances justify the difference in methodology. Otherwise, the use of a variety of asset valuation methods for similar plan assets is inconsistent with the objective of enhancing the comparability of reported pension information.
","snippet":"An employer may have several pension plans with similar plan assets and may elect to use a market-related value approach to value those plan assets. While paragraph 715-30-35-69 provides for the separate application of t…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:216225c19d082f30e214225807c86bab647b4f7a51345261708754c36f19efeb","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-38","para":"55-38","html":"
The asset valuation method selected for each class of plan assets should accomplish the objective of recognizing changes in the fair value of those plan assets in a systematic and rational manner over not more than five years. Once that method is selected, it should be applied consistently for that class of plan assets as should the method for dividing plan assets into classes. There is no limitation on the number of classes into which plan assets may be divided for purposes of selecting asset valuation methods for determining the market-related value of plan assets.
","snippet":"The asset valuation method selected for each class of plan assets should accomplish the objective of recognizing changes in the fair value of those plan assets in a systematic and rational manner over not more than five …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e6e86257a94c3741b62de458e5d74dcd3bd885443c9d17b3ef5575ca1d165f82","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-39","para":"55-39","html":"
The use of a market-related value of plan assets affects the determination of net periodic pension cost in two ways. First, the market-related value of plan assets is the basis on which the expected return on plan assets is computed. Second, to the extent that gains or losses based on the fair value of plan assets are not yet reflected in the market-related value of plan assets, such amounts are excluded from the net gain or loss included in accumulated other comprehensive income that is subject to amortization beginning in the following year. Although those excluded gains or losses eventually affect net periodic pension cost, their impact is delayed through use of a market-related value of plan assets.
","snippet":"The use of a market-related value of plan assets affects the determination of net periodic pension cost in two ways. First, the market-related value of plan assets is the basis on which the expected return on plan assets…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ec74ba65068d31b53c88f05f7f980e56ebda3aaa15477e630702e47d72d9ff11","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-40","para":"55-40","html":"
The definition of market-related value of plan assets contemplates the use of systematic and rational methodology that reflects only the changes in fair value of plan assets between various dates. An example of an unacceptable method for determining the market-related value of plan assets follows. It is not acceptable because it introduces a factor (see layer [b]) that can be unrelated to the change in the fair value of plan assets. This example of an unacceptable market-related value of plan assets is determined with a total return-on-plan asset component consisting of three layers:
  1. a
    An expected return-on-plan asset component based on the beginning-of-year market-related value of plan assets, cash flow during the year, and the expected long-term rate of return on plan assets
  2. b
    An amount equal to the change in the accumulated benefit obligation that resulted from any change during the year in the assumed discount rates used to determine the accumulated benefit obligation (The amount is reduced pro rata if plan assets are less than the accumulated benefit obligation.)
  3. c
    A variance component equal to a percentage (for example, 20 percent if a 5-year-averaging period is used) of the difference between the actual return on plan assets based on the fair values of those plan assets and the expected return on plan assets derived from component layers (a) and (b).
","snippet":"The definition of market-related value of plan assets contemplates the use of systematic and rational methodology that reflects only the changes in fair value of plan assets between various dates. An example of an unacce…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8fb1bed3b6245333dceb2245f29c92b15c30c06c5661a5ca553a06c047fb144a","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-41","para":"55-41","html":"
Paragraph 715-30-35-60 provides guidance on accounting for insurance contracts and distinguishes between insurance contracts that are in substance the equivalent purchases of annuities and other contracts. Paragraph 715-30-35-61 explains that certain attributes of annuity contracts result in accounting that is different in this Subsection from the accounting specified in the Settlements, Curtailments, and Certain Termination Benefits Subsections in this Subtopic.
","snippet":"Paragraph 715-30-35-60 provides guidance on accounting for insurance contracts and distinguishes between insurance contracts that are in substance the equivalent purchases of annuities and other contracts. Paragraph 715-…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:5a594e6c0bb829484f5b14ae4480d93b5f26e38ec1c24c73c10757ef48b37929","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-42","para":"55-42","html":"
Guaranteed investment contracts are not annuity contracts because they transfer only investment risk to the insurer. The insurer does not unconditionally undertake a legal obligation to provide specified pension benefits to specific individuals. For a guaranteed investment contract with a specified maturity date and for which there is no intent to liquidate the contract before that date, evidence of the fair value of the guaranteed investment contract might be obtained by looking to current yields on fixed-maturity securities having similar risk characteristics and duration.
","snippet":"Guaranteed investment contracts are not annuity contracts because they transfer only investment risk to the insurer. The insurer does not unconditionally undertake a legal obligation to provide specified pension benefits…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2aa13fdb28d7fcdcc3b85901783cfbeb5b3ef326e825106383db6dba69719f08","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-43","para":"55-43","html":"
In an immediate participation guarantee investment contract, the market value adjustment should be considered in determining its fair value because, in effect, the contract value adjusted for any such market value adjustment represents the cash surrender value referred to in paragraph 715-30-35-60. If an immediate participation guarantee investment contract can be converted into an annuity contract, the conversion value of the contract should be considered in determining its fair value. The evidence of fair value noted for guaranteed investment contracts in the preceding paragraph should also be considered for immediate participation guarantee investment contracts.
","snippet":"In an immediate participation guarantee investment contract, the market value adjustment should be considered in determining its fair value because, in effect, the contract value adjusted for any such market value adjust…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2e32daa44d55109a5c3d61feb769e9137731ddc64060904a96d85cd1641f585e","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-44","para":"55-44","html":"
The following implementation guidance addresses issues related to amounts that are included in accumulated other comprehensive income.
","snippet":"The following implementation guidance addresses issues related to amounts that are included in accumulated other comprehensive income.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8d615fb071b8184b2b9f58de1f83896e95419a7b478aa2b0756c61b3c554ba77","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-45","para":"55-45","html":"
The future service periods of employees expected to receive benefits is one of the inputs into amortization calculations specified in paragraphs
715-30-35-4 through 35-26
.
","snippet":"The future service periods of employees expected to receive benefits is one of the inputs into amortization calculations specified in paragraphs 715-30-35-4 through 35-26.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:01654de0311aab8ed2ffc3679051e930f7d19494a474c7a5c82b4cf36648bc44","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-46","para":"55-46","html":"
In determining the periods for amortization of prior service cost included in accumulated other comprehensive income, minimum amortization of net gain or loss included in accumulated other comprehensive income, or amortization of the transition asset or obligation remaining in accumulated other comprehensive income, an employer shall not include the service periods of employees who are expected to receive only a return of their contributions (plus interest, if applicable) to a contributory defined benefit pension plan in determining the future service periods of employees expected to receive benefits under that pension plan. Only the future service periods of those employees who are expected to receive an employer-provided benefit shall be included.
","snippet":"In determining the periods for amortization of prior service cost included in accumulated other comprehensive income, minimum amortization of net gain or loss included in accumulated other comprehensive income, or amorti…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:efda7abe8ced86f962681c4311054593fbbeb1b896605919fc40d723c1e2d4e0","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-47","para":"55-47","html":"
The service periods of employees expected to terminate before their benefits are vested shall also not be included in the determination of the average remaining service period of employees expected to receive benefits under the pension plan. Only the service periods of those employees working as of the date for which the determination is made and who are expected to actually receive employer-provided benefits are included.
","snippet":"The service periods of employees expected to terminate before their benefits are vested shall also not be included in the determination of the average remaining service period of employees expected to receive benefits un…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b2470efa3a90087676090247fc996e65edba4277ed8ba38cd4091d562702190a","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-48","para":"55-48","html":"
If all or almost all of a plan's participants are inactive, paragraphs 715-30-35-11 and 715-30-35-24 provide for the average remaining life expectancy of the inactive participants to be used instead of average remaining service periods. There is no specific threshold for determining if a pension plan has almost all inactive participants for purposes of selecting the amortization period for certain components of net periodic pension cost. The threshold for using the average life expectancy of inactive participants requires judgment based on the facts and circumstances of the particular pension plan.
","snippet":"If all or almost all of a plan's participants are inactive, paragraphs 715-30-35-11 and 715-30-35-24 provide for the average remaining life expectancy of the inactive participants to be used instead of average remaining …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:bed0124cd8c4b330257d65ac11392e2f72a3b37203f20afd1523d4639ebf6b0c","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-49","para":"55-49","html":"
In the event that all or almost all of a pension plan's participants are inactive due to a temporary suspension of the pension plan (that is, for a limited period of time, employees will not earn additional defined benefits), the minimum amortization of a net gain or loss included in accumulated other comprehensive income shall not be determined based on the average remaining life expectancy of the temporarily inactive participants. Instead, the minimum amortization of a net gain or loss included in accumulated other comprehensive income shall be determined based on the average remaining service period of the temporarily inactive participants expected to receive benefits under the pension plan.
","snippet":"In the event that all or almost all of a pension plan's participants are inactive due to a temporary suspension of the pension plan (that is, for a limited period of time, employees will not earn additional defined benef…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:fccd5e69613b84a6361bcdf9e632a1a0eedef990352e070a54ec309e9bc40e71","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-50","para":"55-50","html":"
In the event that all employees covered by a pension plan are terminated but not retired, the minimum amortization of a net gain or loss included in accumulated other comprehensive income shall be determined based on the average remaining life expectancy of the inactive participants. The situation described could arise, for example, if a division with its own pension plan is sold by the employer thus terminating the related employees, but the pension plan remains in existence and it retains the obligation for benefits accrued to the date of sale. In that situation, the minimum amortization of a net gain or loss included in accumulated other comprehensive income should be determined based on the average remaining life expectancy of the inactive participants.
","snippet":"In the event that all employees covered by a pension plan are terminated but not retired, the minimum amortization of a net gain or loss included in accumulated other comprehensive income shall be determined based on the…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f7593e173e4159717bff918fbaecc459a16b0dfc8bebaf0dd14ed816bee47fc6","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-51","para":"55-51","html":"
Paragraph 715-30-35-14 identifies the need to assess the individual circumstances and the substance associated with regular plan amendments. If an employer has a history of granting retroactive plan amendments every three years, for example, as part of union negotiations, the period benefited may be three years. If employees expect the pattern to continue, the future economic benefits to be obtained from a retroactive plan amendment may not continue if the pattern is broken; effectively, the future economic benefit of each retroactive plan amendment may expire over the period of the union contract (in this case, three years). In that situation, amortization of prior service cost included in accumulated other comprehensive income over a three-year period would be appropriate. Whether three years is the appropriate amortization period for a retroactive plan amendment that is part of a three-year amendment pattern shall be determined based on the facts and circumstances of the particular situation.
","snippet":"Paragraph 715-30-35-14 identifies the need to assess the individual circumstances and the substance associated with regular plan amendments. If an employer has a history of granting retroactive plan amendments every thre…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:33b60409f8668d83815ad6f6a326ae039e541f46b816146683e75c24d6108371","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-52","para":"55-52","html":"
There may be a transition asset remaining in accumulated other comprehensive income that is reduced when a settlement gain is recognized. Similarly, a transition asset or obligation remaining in accumulated other comprehensive income may be reduced as part of the accounting for a curtailment. The balance of the transition asset remaining in accumulated other comprehensive income after a settlement gain or the balance of the transition asset or obligation remaining in accumulated other comprehensive income after a curtailment, shall be amortized on a straight-line basis over the remainder of the amortization period determined at transition.
","snippet":"There may be a transition asset remaining in accumulated other comprehensive income that is reduced when a settlement gain is recognized. Similarly, a transition asset or obligation remaining in accumulated other compreh…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9f7183071f98287b74494ec2791a9c2ce44ae4af57c058078564b9b7ffa40cf4","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-53","para":"55-53","html":"
In the event that a pension plan curtailment occurs causing almost all of the pension plan's participants to become inactive, the employer shall continue to amortize any transition asset or obligation remaining in accumulated other comprehensive income (the amount remaining after the employer accounts for the curtailment as required by paragraphs
715-30-35-92 through 35-93
) using the same amortization period determined at transition.
","snippet":"In the event that a pension plan curtailment occurs causing almost all of the pension plan's participants to become inactive, the employer shall continue to amortize any transition asset or obligation remaining in accumu…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:25ebe9b045da1b53d66a573c93729c496bd45fc1030f342fc68d402a68ed1a7a","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-54","para":"55-54","html":"
An employer may grant a retroactive plan amendment that reduces the projected benefit obligation (a negative retroactive plan amendment). Paragraph 715-30-35-17 indicates that the reduction in benefits shall be used first to reduce any prior service cost included in accumulated other comprehensive income. If several prior retroactive plan amendments in the aggregate have resulted in prior service costs included in accumulated other comprehensive income that exceed the effects of the negative retroactive plan amendment, unless the retroactive plan amendment that reduces benefits can be specifically related to a prior retroactive plan amendment, any systematic and rational method (for example, last-in, first-out [LIFO]; first-in, first-out [FIFO]; or pro rata), applied on a consistent basis, is acceptable for use to apply the guidance.
","snippet":"An employer may grant a retroactive plan amendment that reduces the projected benefit obligation (a negative retroactive plan amendment). Paragraph 715-30-35-17 indicates that the reduction in benefits shall be used firs…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:bae1686d9ad745f74dd72b96cc0cb77f8d61d5641454b6bd1a4975969716225c","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-55","para":"55-55","html":"
An employer may amend a pension plan to delete a provision that a percentage of the employee's accumulated benefits be paid to the employee's spouse upon death of the employee before a specified age. Such a reduction in benefits shall be accounted for as a retroactive plan amendment.
","snippet":"An employer may amend a pension plan to delete a provision that a percentage of the employee's accumulated benefits be paid to the employee's spouse upon death of the employee before a specified age. Such a reduction in …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f9c1ce309cb950b91e50c8460cd86c358797efe3db777c66810cbe1d00f563a9","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-56","para":"55-56","html":"
Paragraph 715-30-35-68 provides guidance on measuring net periodic pension cost when measurements more recent than the previous year-end are available and establishes that the measurement of net periodic pension cost shall be based on the most recent measurements of plan assets and obligations.
","snippet":"Paragraph 715-30-35-68 provides guidance on measuring net periodic pension cost when measurements more recent than the previous year-end are available and establishes that the measurement of net periodic pension cost sha…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:97c4ddb82602a7169cd3a95ac63f72ded01d5c0a5f6bacec5690b1e5db3fed66","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-57","para":"55-57","html":"
It may be necessary to have an actuarial valuation as of the employer's fiscal year-end (for example, December 31) in addition to the actuarial valuation made as of the pension plan's preceding year-end (for example, June 30). In such an example, net periodic pension cost for the year should be the sum of two six-month measurements (January 1-June 30, determined as of the preceding December 31; July 1-December 31, determined as of the preceding June 30).
","snippet":"It may be necessary to have an actuarial valuation as of the employer's fiscal year-end (for example, December 31) in addition to the actuarial valuation made as of the pension plan's preceding year-end (for example, Jun…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f4934f513222a18ecf0355a8751ffb7ee53a744725de1b5744ed53159e43e983","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-58","para":"55-58","html":"
If an employer that has a December 31 financial report date measures its plan assets and obligations as of an interim date during its fiscal year, for example, because of a significant retroactive plan amendment, net periodic pension cost for the remainder of the fiscal year should be based on the most recent pension measurements. Net periodic pension cost for the preceding interim periods should not be adjusted.
","snippet":"If an employer that has a December 31 financial report date measures its plan assets and obligations as of an interim date during its fiscal year, for example, because of a significant retroactive plan amendment, net per…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:80d1c735cbdd1a630d27ee0a453b046428745cddc34547e0cb9efec0810937e7","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-59","para":"55-59","html":"
An employer may use a measurement date of December 31 but not complete the actual measurements until some time later, for example, in January. In this situation, the determination of the pension obligations should not be based on the assumed discount rates and other actuarial assumptions as of January. The employer should use the actuarial assumptions, including assumed discount rates, that were appropriate as of the measurement date of December 31 because the objective is to determine the various pension measurements, including plan assets, as of that date.
","snippet":"An employer may use a measurement date of December 31 but not complete the actual measurements until some time later, for example, in January. In this situation, the determination of the pension obligations should not be…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3f7bf27813ed386ef503434578d1aac399232296d89ff59ea916285b0960cd32","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-60","para":"55-60","html":"
The projected benefit obligation reflects the actuarial present value of all benefits attributed to employee service rendered before the date of the employer's fiscal year-end statement of financial position, with limited exceptions as addressed in paragraphs
715-30-35-62 through 35-68
. The measurement of that obligation shall be based on actuarial assumptions appropriate for the date of the employer's fiscal year-end statement of financial position (for example, turnover, mortality, discount rates, and so forth) and census data as of that date.
","snippet":"The projected benefit obligation reflects the actuarial present value of all benefits attributed to employee service rendered before the date of the employer's fiscal year-end statement of financial position, with limite…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c6187fa05052a8c30d43ecc884389c926f094cc3fb0a0a840aa962d79fa854fc","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-61","para":"55-61","html":"
If an actuarial valuation is made as of a pension plan's year-end and that date precedes the date of the employer's fiscal year-end statement of financial position, it is, however, not always necessary to have another actuarial valuation made as of that date. If an employer is assured that the reliability of the measurement of that obligation determined by rolling forward data based on a valuation before the date of the employer's fiscal year-end statement of financial position is sufficiently high so that the amount of the pension obligation is substantially the same as would be determined by an actuarial valuation as of that date, then another actuarial valuation is not required. This is analogous to the acceptability of having an annual physical inventory taken as of a date before the financial report date if it has been demonstrated that reliance can be placed on perpetual records or another system that reflects subsequent events.
","snippet":"If an actuarial valuation is made as of a pension plan's year-end and that date precedes the date of the employer's fiscal year-end statement of financial position, it is, however, not always necessary to have another ac…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:61a8293952d22912fe2ab6d8755ace5d38d2a9aec51e39ecaaa5f83dbb5d9016","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-62","para":"55-62","html":"
Subtopic 715-80 provides guidance on multiemployer plans. Paragraph 715-30-35-70 provides guidance on multiple-employer plans that distinguishes multiemployer from multiple-employer plans and requires that multiple-employer plans be viewed as in-substance aggregations of single-employer plans. The following example illustrates the guidance in that paragraph.
","snippet":"Subtopic 715-80 provides guidance on multiemployer plans. Paragraph 715-30-35-70 provides guidance on multiple-employer plans that distinguishes multiemployer from multiple-employer plans and requires that multiple-emplo…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:03539ceead1ace01fe5fdbb28302bdd6236094edd90f18d9385e54aaeb054709","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-63","para":"55-63","html":"
Assume a not-for-profit entity (NFP) has a defined benefit pension plan that covers employees at the national and all local chapters and each chapter is required to contribute to the pension plan based on a predetermined formula (for example, on a percentage-of-salary basis), plan assets are not segregated or restricted on a chapter-by-chapter basis, and if a chapter withdraws from the pension plan, the pension obligations for its employees are retained by the pension plan as opposed to being allocated to the withdrawing chapter. This arrangement should be accounted for as a single-employer pension plan in the NFP's financial statements. However, in each chapter's separate financial statements (if issued) the arrangement should be accounted for as a multiemployer pension plan. It is unclear how an allocation of net periodic pension cost or the overfunded or underfunded status of the defined benefit pension plan would be made if each chapter were to view its respective participation as a single-employer pension plan because the assets are not segregated or restricted by chapter and obligations are not assumed by a withdrawing chapter. Accounting for the pension plan as a multiemployer pension plan requires that a chapter's contribution for the period (in this example, the amount required to be contributed to the pension plan based on a percentage of its employees' salaries) be recognized as net periodic pension cost. A liability would be recognized for any contributions due and unpaid. The disclosures required by Section 715-80-50 do not apply in this situation. Instead, each chapter should disclose the name of the plan in which it participates and the amount of contributions it made in each annual period for which a statement of income (statement of activities for not-for-profit entities) is presented, as well as any related-party disclosures required by Subtopic 850-10.
","snippet":"Assume a not-for-profit entity (NFP) has a defined benefit pension plan that covers employees at the national and all local chapters and each chapter is required to contribute to the pension plan based on a predetermined…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f09f5a7adc04eeddd9d17e1f86135b75398c83a68c2970456ffdd1ed8d7eaede","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-64","para":"55-64","html":"
The conclusions in the preceding paragraph would also be true in a similar parent-subsidiary arrangement if the subsidiaries issue separate financial statements. In a similar arrangement, each subsidiary should account for its participation in the overall single-employer pension plan as a participation in a multiemployer pension plan. The disclosures required by Section 715-80-50 do not apply in this situation. Instead, each subsidiary should disclose the name of the plan in which it participates and the amount of contributions the subsidiary made in each period for which a statement of income or statement of activities is presented. The parent entity should, of course, account for the pension plan as a single-employer pension plan in its consolidated financial statements.
","snippet":"The conclusions in the preceding paragraph would also be true in a similar parent-subsidiary arrangement if the subsidiaries issue separate financial statements. In a similar arrangement, each subsidiary should account f…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b7c23a2519b631dcf145e63046b34df5152f3dd226002c01c889265bf4eaa992","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-65","para":"55-65","html":"
Paragraphs
715-10-15-6 through 15-7
establish that there are no special provisions applicable to plans or arrangements outside the United States and specifies that, to the extent that those arrangements are in substance similar to plans in the United States, they are subject to the provisions of this Topic.
","snippet":"Paragraphs 715-10-15-6 through 15-7 establish that there are no special provisions applicable to plans or arrangements outside the United States and specifies that, to the extent that those arrangements are in substance …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:81ab0179e35500133539476c7eb6b6c0d2ac1fe9e006e6ce04ee25573603766f","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-66","para":"55-66","html":"
A non-U.S. pension plan may provide death and disability benefits that are greater than the incidental death and disability benefits allowed in U.S. tax-qualified pension plans. The relative level of death and disability benefits paid by a plan that provides primarily pension benefits should not, in itself, cause the pension plan to be in substance different from a U.S. pension plan.
","snippet":"A non-U.S. pension plan may provide death and disability benefits that are greater than the incidental death and disability benefits allowed in U.S. tax-qualified pension plans. The relative level of death and disability…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a4f48701ec610982b18c916059632510d86805f978c1740bbeae417fd38e036d","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-67","para":"55-67","html":"
Under certain plans (typically non-U.S. plans) the actuarial present value of the benefits to which an employee is entitled if the employee terminates immediately may exceed the actuarial present value of the benefits to which the employee is entitled at the employee's expected date of separation based on service to date. In those situations, to determine the vested benefit obligation, the employer may record either the actuarial present value of vested benefits to which the employee is entitled if the employee separates or the actuarial present value of the vested benefits to which the employee is currently entitled based on the employee's expected date of separation or retirement as provided for in paragraphs
715-30-35-40 through 35-41
.
","snippet":"Under certain plans (typically non-U.S. plans) the actuarial present value of the benefits to which an employee is entitled if the employee terminates immediately may exceed the actuarial present value of the benefits to…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f2c365cb71229cb3ff2e57f55b4b27048804d4b0c04b9683126122a54a55b31d","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-68","para":"55-68","html":"
The following guidance addresses the accounting for certain arrangements in Japan and Germany.
","snippet":"The following guidance addresses the accounting for certain arrangements in Japan and Germany.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:57a5db10883b3725ab6a3ea6256a570de295ed695af7e5ff40b084392a389496","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-69","para":"55-69","html":"
The following guidance refers to provisions of the Japanese Welfare Pension Insurance Law; however, it shall not be considered a definitive interpretation of that law for any purpose.
","snippet":"The following guidance refers to provisions of the Japanese Welfare Pension Insurance Law; however, it shall not be considered a definitive interpretation of that law for any purpose.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:223f635ebe4196493295535d211d9f78290afa2cbb873af9cdc843190f9c72c7","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-70","para":"55-70","html":"
In Japan, many large entities have Employees' Pension Fund plans, which are defined benefit pension plans established under the Japanese Welfare Pension Insurance Law. These plans are composed of both of the following components:
  1. a
    A substitutional portion based on the pay-related part of the old-age pension benefits prescribed by Japanese Welfare Pension Insurance Law (similar to social security benefits in the United States)
  2. b
    An entity portion based on a contributory defined benefit pension arrangement established at the discretion of each employer.
","snippet":"In Japan, many large entities have Employees' Pension Fund plans, which are defined benefit pension plans established under the Japanese Welfare Pension Insurance Law. These plans are composed of both of the following co…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:dea84d9d0310e57e4f0968869d8917ba362400b2259686b487f085496e1ff80f","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-71","para":"55-71","html":"
An employer with an Employees' Pension Fund and its employees are exempted from contributions to Japanese Pension Insurance that would otherwise be required if they had not elected to fund the substitutional portion of the benefit through an Employees' Pension Fund arrangement. The Employees' Pension Fund, in turn, pays both the entity and the substitutional pension benefits to retired beneficiaries out of its plan assets. Benefits of the substitutional portion are based on a standard remuneration schedule as determined by Japanese Welfare Pension Insurance Law, but the benefits of the entity portion are based on a formula determined by each employer or Employees' Pension Fund. The plan assets of an Employees' Pension Fund are managed and invested as a single portfolio for the entire Employees' Pension Fund and are not statutorily attributed to the substitutional and entity portions. The significance of the substitutional portion to the entire Employees' Pension Fund varies. In some plans, the substitutional portion may account for as little as 10 percent of the total projected benefit obligation, while in others it may account for as much as 60 percent of the total projected benefit obligation.
","snippet":"An employer with an Employees' Pension Fund and its employees are exempted from contributions to Japanese Pension Insurance that would otherwise be required if they had not elected to fund the substitutional portion of t…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:4dd395491e94e6bbc55ec4c9834cd7514edc1f6b2937f7d0e29a04525dd0ec6c","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-72","para":"55-72","html":"
Employees' Pension Fund arrangements shall be accounted for as single-employer defined benefit plans using a single plan approach.
","snippet":"Employees' Pension Fund arrangements shall be accounted for as single-employer defined benefit plans using a single plan approach.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:092c1c16078416eb56b8f47c6bdd7fd1a35958c557905fb2f485849852a68342","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-73","para":"55-73","html":"
In June 2001, the Japanese Welfare Pension Insurance Law was amended to permit each employer/Employees' Pension Fund to separate the substitutional portion from its Employees' Pension Fund and transfer the obligation and related assets to the government. Upon completion of the separation, the remaining substitutional obligation and related plan assets, determined pursuant to a government formula, are transferred to a government agency, and the employer/Employees' Pension Fund is released from paying the remaining substitutional portion of the benefits to Employees' Pension Fund beneficiaries. After the separation, both the employer and the employees are required to make periodic contributions to Japanese Pension Insurance, and the Japanese government is responsible for all benefit payments earned under Japanese Welfare Pension Insurance Law. The remaining portion of the Employees' Pension Fund (that is, the entity portion) continues to exist exclusively as a defined benefit pension plan, although, from a legal or regulatory perspective, the Employees' Pension Fund is deemed to have been dissolved and a defined benefit pension plan is deemed newly established when the separation process is completed. After the separation process, an employer may transfer the remaining entity portion of an Employees' Pension Fund into a defined contribution plan.
","snippet":"In June 2001, the Japanese Welfare Pension Insurance Law was amended to permit each employer/Employees' Pension Fund to separate the substitutional portion from its Employees' Pension Fund and transfer the obligation and…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a1642e7a72229c161cc7aaf1ccb91ccc2ab09f905540e85dc8cda440046b3a16","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-74","para":"55-74","html":"
The process of separating the substitutional portion from the entity portion occurs in four phases, but the employer/Employees' Pension Fund may not complete only certain parts of the separation process. Essentially, once an employer/Employees' Pension Fund obtains Phase 2 approval, it must complete the entire separation process. Likewise, assuming the employer/Employees' Pension Fund has obtained the requisite approval from the employees' representative, the separation is subject only to administrative processing by the government. The four phases are as follows:
  1. a
    Phase 1—An employer/Employees' Pension Fund makes an application to the Japanese government for an exemption from the obligation to pay benefits for future employee service related to the substitutional portion. As a prerequisite to making that application, the representative of the employees covered by the plan must agree to the separation.
  2. b
    Phase 2—On or after April 1, 2002 (when the June 2001 amendment to the Japanese Welfare Pension Insurance Law became effective), the Japanese government gives each employer/Employees' Pension Fund an approval of exemption from the obligation for benefits related to future employee service under the substitutional portion. Once that approval is obtained, the employer begins making Japanese Pension Insurance payments directly to the government.
  3. c
    Phase 3—After obtaining an approval of exemption from the obligation for benefits related to future employee service under the substitutional portion, the employer/Employees' Pension Fund must make another application for separation of the remaining substitutional portion (that is, the benefit obligation related to past services).
  4. d
    Phase 4—Within two and a half years from the enactment date of the Japanese Welfare Pension Insurance Law amendment (June 15, 2001), the Japanese government will grant each employer/Employees' Pension Fund the final approval of separation. On obtaining that approval, the remaining benefit obligation of the substitutional portion (that amount earned by past services) as well as the related government-specified portion of the plan assets of the Employees' Pension Fund will be transferred to Japanese Pension Insurance.
","snippet":"The process of separating the substitutional portion from the entity portion occurs in four phases, but the employer/Employees' Pension Fund may not complete only certain parts of the separation process. Essentially, onc…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a57a8de9197445c725eadee65ee14de5c69c10b188eedd1587a7a7a162ff2da2","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-75","para":"55-75","html":"
The entire separation process shall be accounted for upon completion of the transfer to the government of the substitutional portion of the benefit obligation and related plan assets (Phase 4) as the culmination of a series of steps in a single settlement transaction. This guidance is limited to the accounting for the separation of the substitutional portion of the benefit obligation from the entity portion of the benefit obligation in a Japanese Employees' Pension Fund arrangement and the transfer of the substitutional portion and related assets to the Japanese government pursuant to the June 2001 Japanese Welfare Pension Insurance Law amendment.
","snippet":"The entire separation process shall be accounted for upon completion of the transfer to the government of the substitutional portion of the benefit obligation and related plan assets (Phase 4) as the culmination of a ser…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:bb11e2f1c66267a400e2b12711bc241d718ee337e7fb338603434053f735a664","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-76","para":"55-76","html":"
At the time the assets are transferred to the government in an amount sufficient to complete the separation process, the transaction is considered to be complete and the elimination of the entire substitutional portion of the benefit obligation shall be accounted for as a settlement at that time. Immediately before the separation, in accordance with the guidance in the Settlements, Curtailments, and Certain Termination Benefits Subsections in this Subtopic, the entire projected benefit obligation would be remeasured at fair value, including the effects of anticipated future salary increases. That remeasurement would include the effects of any changes in actuarial assumptions as well as actual experience since the previous measurement date. The obligation would be measured at current market rates of interest that could be obtained in a transaction with a third-party, nongovernmental entity to settle the obligation. On the basis that the government had accepted responsibility for all substitutional benefits earned after Phase 2 approval, the remeasurement of the projected benefit obligation shall include only benefits earned under the substitutional arrangement before Phase 2 approval.
","snippet":"At the time the assets are transferred to the government in an amount sufficient to complete the separation process, the transaction is considered to be complete and the elimination of the entire substitutional portion o…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9482144e65722992983444df1e306a0ac31f3a3276c7352438a12553a226a88c","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-77","para":"55-77","html":"
In accounting for the settlement of the substitutional portion of the obligation, a proportionate amount of the net gain or loss included in accumulated other comprehensive income related to the entire Employees' Pension Fund would be recognized as a settlement gain or loss. The proportionate amount of the net gain or loss to be recognized would be determined based on the proportion of the projected benefit obligation settled to the total projected benefit obligation, both of which would exclude the previously accrued salary progression for purposes of that calculation. After the separation, the remaining assets and obligation of the Employees' Pension Fund, along with the prior service costs included in accumulated other comprehensive income and gains and losses included in accumulated other comprehensive income would continue to be accounted for pursuant to the requirements of this Subtopic.
","snippet":"In accounting for the settlement of the substitutional portion of the obligation, a proportionate amount of the net gain or loss included in accumulated other comprehensive income related to the entire Employees' Pension…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:7e62c47acce9f348df8402de412dd5bce6226d26faeaa02b47dc5f89de38bef1","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-78","para":"55-78","html":"
The difference between the obligation settled and the assets transferred to the government, determined pursuant to the government formula, shall be accounted for as a subsidy from the government pursuant to applicable generally accepted accounting principles (GAAP). The derecognition of previously accrued salary progression at the time of settlement, discussed in the preceding paragraph, shall be accounted for separately from the government subsidy.
","snippet":"The difference between the obligation settled and the assets transferred to the government, determined pursuant to the government formula, shall be accounted for as a subsidy from the government pursuant to applicable ge…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1ab16d6d73bfd1a3cc2fde5d00558f5a45602d59b975fac238307727289928b8","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-79","para":"55-79","html":"
See Example 5 (paragraph 715-30-55-121) for an illustration of the application of this guidance on a transfer to the Japanese government of the substitutional portion of employee pension fund liabilities.
","snippet":"See Example 5 (paragraph 715-30-55-121) for an illustration of the application of this guidance on a transfer to the Japanese government of the substitutional portion of employee pension fund liabilities.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e0625ec172eccefb6065c90787af4d13a162ac5504b2a7d7a6d323bddf70a97a","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-80","para":"55-80","html":"
The following guidance refers to provisions of German legislation related to an early retirement program; however, it shall not be considered a definitive interpretation of that legislation for any purpose.
","snippet":"The following guidance refers to provisions of German legislation related to an early retirement program; however, it shall not be considered a definitive interpretation of that legislation for any purpose.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:808bb9638c04b0e5bb7edf7658ec817e34892ba5b7ba42193d6748a9c3320fd9","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-81","para":"55-81","html":"
The Altersteilzeit arrangement is an early retirement program in Germany designed to create an incentive for employees, within a certain age group, to transition from (full- or part-time) employment into retirement before their legal retirement age. The program was created by legislation in 1996 and through subsequent extensions is now scheduled to expire in 2009. Employers taking advantage of this legislation must sign a contract under the legal framework outlined in the legislation with the workers' council or unions or with the individual employees (for employees not within a workers' council or union) to qualify for subsidies from the government. The German government provides a subsidy (reimbursement) to an employer for the bonuses paid to the employee and the additional contributions paid into the German government pension scheme under an Altersteilzeit arrangement for a maximum of six years. To receive this subsidy, an employer must meet certain criteria (typically, an employer must hire replacement employees from currently registered unemployed persons or former trainees).
","snippet":"The Altersteilzeit arrangement is an early retirement program in Germany designed to create an incentive for employees, within a certain age group, to transition from (full- or part-time) employment into retirement befor…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ee67397eded7146a656a78dabea8e6c6b3f9a89b67d8e44208c11f1c6fe7bf18","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-82","para":"55-82","html":"
This guidance addresses specific features in Altersteilzeit arrangements. This guidance may also apply to other types of benefit arrangements with the same or similar terms.
","snippet":"This guidance addresses specific features in Altersteilzeit arrangements. This guidance may also apply to other types of benefit arrangements with the same or similar terms.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a6e9e93c096f91ac186b53fe5434dfdaef396d9db72470f91a98a599dec78c52","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-83","para":"55-83","html":"
Typical features of an Altersteilzeit arrangement include the following:
  1. a
    To enroll in an Altersteilzeit arrangement, an employee must sign an Altersteilzeit contract with the employer. The employee can sign the Altersteilzeit contract before being eligible to begin working under the Altersteilzeit arrangement. An employee may begin working under the Altersteilzeit arrangement only upon attaining the age such that upon completion of the Altersteilzeit period he or she will be eligible for the normal government retirement benefits (typically 63 years old for men and 62 years old for women). The Altersteilzeit period consists of the period from when the employee begins to work under the Altersteilzeit arrangement until the employee is no longer under a legal work arrangement with the employer (terminated from the entity). This period is generally one to six years, depending on the specific Altersteilzeit arrangement and the age of the participant.
  2. b
    An employer is required to allow participation in the Altersteilzeit arrangement without restriction until participation reaches 5 percent of the total work force. After 5 percent participation is achieved, an employer has, at its discretion, the right to determine whether employees are accepted into the Altersteilzeit arrangement. However, in some situations, a lower mandatory participation cap is agreed to between an employer and the workers' council.
  3. c
    In most cases, an employee is required to work for a minimum period of time with any employer before being eligible for the Altersteilzeit arrangement; prior employment with the present employer is not necessary.
  4. d
    The arrangement typically offers two alternative arrangements for participating employees:
    1. 1
      Type I: participant works 50 percent of the normal full-time schedule for each year of the entire Altersteilzeit period and receives 50 percent of his or her salary each year.
    2. 2
      Type II: participant works full-time for half of the Altersteilzeit period, the active period, and then does not work for the remaining half, the inactive period, and receives 50 percent of his or her salary each year during the entire Altersteilzeit period.
    Under both alternatives, participants receive an annual bonus, which varies by employer, but will generally equal 10-15 percent of their most recent regular pay before the start of the Altersteilzeit period; thus, the regular combined paid compensation will normally equal about 60-65 percent of the participant's most recent regular pay before the start of the Altersteilzeit period. The employer also will make additional contributions into the German government pension scheme for participants (to compensate for the fact that the employee has not been working at his or her previous level during the Altersteilzeit period) during the entire Altersteilzeit period. Contributions into the German government pension scheme (as well as length of service) determine the amount of pension benefits the employee will receive from that scheme. Therefore, by making additional contributions into the German government pension scheme during the entire Altersteilzeit period, the pension benefits paid to the employees will be higher than they would have been had the contributions been based solely on the employees' active service during the Altersteilzeit period.
  5. e
    Employees must provide service to the employer for the required portion of the Altersteilzeit period (the active period) to receive the full bonus. If a participant dies, voluntarily leaves the entity, or is otherwise terminated before fulfilling the service period requirement, the Altersteilzeit contract will be unwound and the total compensation received by the participant will be adjusted to the amount that the participant would have received if he or she had not participated in the Altersteilzeit arrangement (salary is contractually set at the amount the employee earned just before the Altersteilzeit period). For example, if an employee enters into a four-year Type II Altersteilzeit arrangement and leaves the entity after one year, the employee will receive (for the one year worked) all of his or her pre-Altersteilzeit period annual salary and will not receive any Altersteilzeit bonus.
  6. f
    During the inactive period under the Type II Altersteilzeit arrangement, participants are legally under a work contract with the employer (considered employees); however, an employee is not permitted to return to active work. Otherwise, the employer would lose any government subsidy.
  7. g
    Under the Type I arrangement, the employer can claim the subsidy for a replacement worker hired during the entire Altersteilzeit period. Under the Type II arrangement, an employer could only claim the subsidy for a replacement worker hired during the inactive Altersteilzeit period. Therefore, under the Type II arrangement, the reimbursement each year during the inactive period would be equivalent to two years of bonus payments and additional contributions made into the German government pension scheme.
","snippet":"Typical features of an Altersteilzeit arrangement include the following:\n(a) To enroll in an Altersteilzeit arrangement, an employee must sign an Altersteilzeit contract with the employer. The employee can sign the Alter…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2b2df1c90f26d312c3fba74e4b70fef0a419a49d145f8db0f76c99a6774ef2cf","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-84","para":"55-84","html":"
The salary components of Type I and Type II Altersteilzeit arrangements (excluding the bonus and additional contributions into the German government pension scheme) shall be recognized over the period from the point at which the Altersteilzeit period begins until the end of the active service period. Additionally, the portion of the salary that is deferred under a Type II arrangement shall be discounted if payment is expected to be deferred for a period longer than one year.
","snippet":"The salary components of Type I and Type II Altersteilzeit arrangements (excluding the bonus and additional contributions into the German government pension scheme) shall be recognized over the period from the point at w…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:82b54330fcd82c39b372fb96e44f7d0361bc465177545dd656500210c1398db6","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-85","para":"55-85","html":"
The bonus feature and the additional contributions into the German government pension scheme (collectively, the additional compensation) under a Type II Altersteilzeit arrangement shall be accounted for as a postemployment benefit under the guidance in Topic 712. An entity shall recognize the additional compensation over the period from the point at which the employee signs the Altersteilzeit contract until the end of the active service period.
","snippet":"The bonus feature and the additional contributions into the German government pension scheme (collectively, the additional compensation) under a Type II Altersteilzeit arrangement shall be accounted for as a postemployme…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:21838ddb97b4873a1baa6a0142a8bd87751264e1a86f56d1e24f2bb2e4e71220","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-86","para":"55-86","html":"
The employer shall recognize the government subsidy when it meets the necessary criteria and is entitled to the subsidy.
","snippet":"The employer shall recognize the government subsidy when it meets the necessary criteria and is entitled to the subsidy.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3dea5572074480f51de19985fd29726a83d5e6bc4f8185d8716fee859ebdb1fc","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-87","para":"55-87","html":"
The following implementation guidance addresses issues relating to either the combination of two or more of an employer's pension plans into one plan, or the division of one pension plan into two or more separate pension plans.
","snippet":"The following implementation guidance addresses issues relating to either the combination of two or more of an employer's pension plans into one plan, or the division of one pension plan into two or more separate pension…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1a17f0f758f037303cc9e700f1b677dffa134414f0f79647abd26f6f09b87c67","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-88","para":"55-88","html":"
An employer may combine several of its pension plans resulting in the assets of each predecessor pension plan being available to satisfy the previously existing obligations of the other. Except for prior service costs included in accumulated other comprehensive income, similar amounts of the predecessor pension plans shall be aggregated, and a single amortization schedule for each of the combined amounts shall be used in this situation. That is, the amortization of the transition asset or obligation remaining in accumulated other comprehensive income shall reflect a reasonably weighted average of the remaining amortization periods used by the separate pension plans for that item and the minimum amortization of the aggregate net gain or loss included in accumulated other comprehensive income shall reflect the average remaining service period of the combined employee group. The prior service cost included in accumulated other comprehensive income of each pension plan at the time of the combination shall continue to be amortized as previously determined based on specific employee groups covered.
","snippet":"An employer may combine several of its pension plans resulting in the assets of each predecessor pension plan being available to satisfy the previously existing obligations of the other. Except for prior service costs in…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:4833c86484db37a177ec29634994427bee0cfebdc401859d649581f5b8bdcd47","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-89","para":"55-89","html":"
See Example 6 (paragraph 715-30-55-122) for an illustration of the accounting when two plans are combined.
","snippet":"See Example 6 (paragraph 715-30-55-122) for an illustration of the accounting when two plans are combined.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b2e1cdc7631a1f46667893bfd90116ab6d4d728874be021d49651307c19fe28b","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-90","para":"55-90","html":"
An employer may divide a pension plan into two or more separate pension plans. Using paragraph 715-30-35-79 as guidance, an employer shall allocate the transition asset or obligation remaining in accumulated other comprehensive income and the net gain or loss included in accumulated other comprehensive income, in proportion to the projected benefit obligations of the two surviving plans. Prior service cost included in accumulated other comprehensive income shall be allocated to the surviving plans based on the applicable individuals included in the employee groups covered.
","snippet":"An employer may divide a pension plan into two or more separate pension plans. Using paragraph 715-30-35-79 as guidance, an employer shall allocate the transition asset or obligation remaining in accumulated other compre…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3916f5cc67a63bf513dd7293d57153765eb0d916b9c0c704153a12ae5cdb2551","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-91","para":"55-91","html":"
See Example 7 (paragraph 715-30-55-124) for an illustration of the division of one pension plan into separate pension plans.
","snippet":"See Example 7 (paragraph 715-30-55-124) for an illustration of the division of one pension plan into separate pension plans.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f1cd0f2514332cfe097c0bd815ae80a51af1f24bc6dbfe58906941ab4d2f4956","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-92","para":"55-92","html":"
An employer may incorporate a division of its operations, subsequently spin it off to owners of the entity, and transfer to the new entity's pension plan either a pension benefit obligation related to the employees transferred as part of the spinoff or plan assets. Paragraph 845-10-55-1 provides guidance on the accounting for such a transaction in a spinoff of nonmonetary assets to owners.
","snippet":"An employer may incorporate a division of its operations, subsequently spin it off to owners of the entity, and transfer to the new entity's pension plan either a pension benefit obligation related to the employees trans…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:69896efc40a99207734b5f1632627c9aeb11b6b120c39ae6761f2e0306f942db","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:50c5259fc54fd312d69c37dc8c1c0804f06417846878cba77cb70436e4e921ea","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"block":null,"heading":"Illustrations","paragraphs":[{"citation":"715-30-55-93","para":"55-93","html":"
This Example illustrates the prior service cost amortization guidance in paragraphs 715-30-35-11 and 715-30-35-13 and is based on the expected future years of service of participants active at the date of the amendment.
","snippet":"This Example illustrates the prior service cost amortization guidance in paragraphs 715-30-35-11 and 715-30-35-13 and is based on the expected future years of service of participants active at the date of the amendment.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:aaffdaa62d4d18c3b557486ffe09ee1ee1d37364b8b1fe9e86d1f1306fd09e5d","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-94","para":"55-94","html":"
The following Cases illustrate:
  1. a
    Assignment of equal amounts of cost to future years of service (Case A)
  2. b
    Use of straight line amortization to assign costs over average remaining service period (Case B).
","snippet":"The following Cases illustrate:\n(a) Assignment of equal amounts of cost to future years of service (Case A)\n(b) Use of straight line amortization to assign costs over average remaining service period (Case B).","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1859d845eec6d5ea6f7d506f93ba9412d3d75e0ace68f0c5f9566da9143c8acc","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-95","para":"55-95","html":"
Cases A and B share all of the following calculations and assumptions.
","snippet":"Cases A and B share all of the following calculations and assumptions.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:5d8986097da58be5bc9d36859a060aea2e5399b8f2ee5a7ef4ba2f6b2046bc55","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-96","para":"55-96","html":"
On January 1, 20X0, Entity A grants retroactive credit for prior service pursuant to a plan amendment. The amendment generates prior service cost of $750,000 that is recognized as an increase in the pension liability and a corresponding charge to other comprehensive income. The prior service cost resulting from the plan amendment is subsequently amortized as a component of net periodic pension cost based on the expected future years of service of active participants. Other comprehensive income is adjusted each period as prior service cost is amortized.
","snippet":"On January 1, 20X0, Entity A grants retroactive credit for prior service pursuant to a plan amendment. The amendment generates prior service cost of $750,000 that is recognized as an increase in the pension liability and…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:13714b2dbc77a67bddb939dddb29a27a004fcbc0256d42efdb23f7bc31f98e90","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-97","para":"55-97","html":"
The following table illustrates the calculation of the expected future years of service for the defined benefit plan of Entity A. At the date of the amendment (January 1, 20X0), the entity has 100 employees who are expected to receive benefits under the plan. Five percent of that group (5 employees) are expected to leave (either retire or quit) in each of the next 20 years. Employees hired after that date do not affect the amortization. Initial estimates of expected future years of service related to each amendment are subsequently adjusted only for a curtailment.
","snippet":"The following table illustrates the calculation of the expected future years of service for the defined benefit plan of Entity A. At the date of the amendment (January 1, 20X0), the entity has 100 employees who are expec…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:986c380258d8539d9c3ddeb9cdd713e6e8a16407a5b26c28fa9668ce6ea11f64","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-98","para":"55-98","html":"
Calculation of the expected future years of service considers population decrements based on the actuarial assumptions and is not weighted for benefits or compensation.
","snippet":"Calculation of the expected future years of service considers population decrements based on the actuarial assumptions and is not weighted for benefits or compensation.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:04be1ea704c456a2b5a65d907636f07a3de5c05ce51a676c1b151c6e5749862f","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-99","para":"55-99","html":"
In this Case, each expected future service year is assigned an equal share of the initially determined prior service cost. The portion of prior service cost to be recognized in net periodic pension cost in each of the future years is determined by the service years rendered in that year.
","snippet":"In this Case, each expected future service year is assigned an equal share of the initially determined prior service cost. The portion of prior service cost to be recognized in net periodic pension cost in each of the fu…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f7cbb895d8400389fa93083c00fdbb9756d7f19968426dfed3ee660cbf5d01ab","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-100","para":"55-100","html":"
To reduce the complexity and detail of the computations shown in Case A, alternative amortization approaches that recognize the cost of retroactive amendments as a component of net periodic pension cost more quickly may be consistently used under the guidance in paragraph 715-30-35-13. In this Case, Entity A elects to use straight-line amortization over the average remaining service period of employees expected to receive benefits (1,050 future service years/100 employees = 10.5 years), resulting in the following amortization.
","snippet":"To reduce the complexity and detail of the computations shown in Case A, alternative amortization approaches that recognize the cost of retroactive amendments as a component of net periodic pension cost more quickly may …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3e4482f2f914faee388ce1c25d9cec90fda9c529bacbd1d5e6dfce78194f90d0","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-101","para":"55-101","html":"
This Example illustrates the guidance in paragraphs
715-30-35-18 through 35-27
applicable to gains and losses. This Subtopic provides for delayed recognition in net periodic pension cost of the effects of a number of types of events that change the measures of the projected benefit obligation and the fair value of plan assets. Those events include retroactive plan amendments and gains and losses. Gains and losses include the effects of changes in assumptions.
","snippet":"This Example illustrates the guidance in paragraphs 715-30-35-18 through 35-27 applicable to gains and losses. This Subtopic provides for delayed recognition in net periodic pension cost of the effects of a number of typ…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:26f3fb7fc44707d93e6e34676fc1b40c92dd843fdb5e15324c2e049b7fb62eeb","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-102","para":"55-102","html":"
The following Cases illustrate the accounting for different types of gains and losses:
  1. a
    Liability loss (Case A)
  2. b
    Asset gain (Case B)
  3. c
    Asset loss and liability gain (Case C).
","snippet":"The following Cases illustrate the accounting for different types of gains and losses:\n(a) Liability loss (Case A)\n(b) Asset gain (Case B)\n(c) Asset loss and liability gain (Case C).","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:5cc31fee18fd60cf468a90d4f87e06df23bc1de95573b3c621a19c1573f3fb9f","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-103","para":"55-103","html":"
Each of the following Cases starts with an assumed beginning-of-the-year funded status and shows how a series of events changes the projected benefit obligation or the plan assets and how the effects of those events are recognized in the financial statements. Any change in the projected benefit obligation or the plan assets (other than contributions and benefit payments) either is initially recognized in other comprehensive income or is included in net periodic pension cost for the period. Employer contributions to a funded plan decrease a recognized pension liability or increase a recognized pension asset. Benefit payments from a funded plan reduce the pension obligation and the plan assets equally, with no effect on the employer's statement of financial position.
","snippet":"Each of the following Cases starts with an assumed beginning-of-the-year funded status and shows how a series of events changes the projected benefit obligation or the plan assets and how the effects of those events are …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f9a01c01d79c67b6f71f850818592996a996152a57658a1924823b65c9dbd924","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-104","para":"55-104","html":"
For simplicity, all illustrations ignore the effects of income taxes, and all contributions and benefit payments are assumed to occur on the last day of the year. Also, assumed discount rates and expected long-term rates of return are included for illustrative purposes only and are not meant to represent assumptions that would be appropriate at any given time. In all Cases, the service cost component is assumed as an input rather than calculated as part of the illustration.
","snippet":"For simplicity, all illustrations ignore the effects of income taxes, and all contributions and benefit payments are assumed to occur on the last day of the year. Also, assumed discount rates and expected long-term rates…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e6095afadcb660d85fa60930b80adad8156c8423504d6967c546cd857e642583","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-105","para":"55-105","html":"
When Entity B's plan assets and obligations were measured at December 31, 20X1, the amount of the projected benefit obligation was not equal to the expected amount. Because the discount rate had declined to 9 percent and for various other reasons not specifically identified, the projected benefit obligation was higher than had been projected (a loss had occurred). The results were as follows.
","snippet":"When Entity B's plan assets and obligations were measured at December 31, 20X1, the amount of the projected benefit obligation was not equal to the expected amount. Because the discount rate had declined to 9 percent and…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8fd0ce51f442d2a42c06fbb4b43182291a8a2da31c766dc3a3a3ec9097dc9499","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-106","para":"55-106","html":"
When Entity B's plan assets and obligations were measured at December 31, 20X2, the amount of plan assets was not equal to the expected amount because of market performance better than the expected or assumed 10 percent. The results were as follows.
","snippet":"When Entity B's plan assets and obligations were measured at December 31, 20X2, the amount of plan assets was not equal to the expected amount because of market performance better than the expected or assumed 10 percent.…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b446d0d8e580513b2f3b266a09c3fc097366a5df90788dda25a43049d800836a","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-107","para":"55-107","html":"
When Entity B's plan assets and obligations were measured at December 31, 20X3, both an asset loss and a liability gain were discovered.
","snippet":"When Entity B's plan assets and obligations were measured at December 31, 20X3, both an asset loss and a liability gain were discovered.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:39f82d1a86c1474416edfd228fe3988aa3ceba94781f4c2a0155e32fae97bb4b","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-108","para":"55-108","html":"
This Example illustrates the determination of benefits for a pension plan with a flat-benefit and a pay-related formula following the guidance in paragraphs
715-30-55-11 through 55-12
.
","snippet":"This Example illustrates the determination of benefits for a pension plan with a flat-benefit and a pay-related formula following the guidance in paragraphs 715-30-55-11 through 55-12.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:31d9f38e76efc65064437aa4c12bc1f02d292d7ec8437afdb1b282525ff87034","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-109","para":"55-109","html":"
The following Cases illustrate different assumed service periods:
  1. a
    30-year assumed service period (Case A)
  2. b
    20-year assumed service period (Case B)
  3. c
    40-year assumed service period (Case C).
","snippet":"The following Cases illustrate different assumed service periods:\n(a) 30-year assumed service period (Case A)\n(b) 20-year assumed service period (Case B)\n(c) 40-year assumed service period (Case C).","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:407d3730f4373b74a1b92079afe405aecbbf17f6256b35027473a9c915f65868","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-110","para":"55-110","html":"
Cases A, B, and C share the following assumptions. An employer has a pension plan that provides a pension benefit that is the greater of two formulas. Formula A provides a flat benefit of $450 for each of the first 20 years of an employee's service, but no additional benefits are earned for years of service beyond 20 years; Formula B provides a benefit equal to 1 percent of final pay for each year of service. It is assumed that an employee starts at a salary of $11,000 in Year 1 and receives a $1,000 increase in salary for each year of service. To simplify the illustration, the actuarial present values of the accumulated benefit obligation and projected benefit obligation have not been determined. Rather, those obligations are expressed in terms of the annual pension benefits that begin when the employee retires.
","snippet":"Cases A, B, and C share the following assumptions. An employer has a pension plan that provides a pension benefit that is the greater of two formulas. Formula A provides a flat benefit of $450 for each of the first 20 ye…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:faf64c2e626e94d23f7e27c7d3dcacb1650e85ab36fc9bd860237b563efd9c49","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-111","para":"55-111","html":"
In this Case, it is assumed that an employee will retire at the end of Year 30 with a final salary of $40,000. For that employee, Formula A provides an annual pension benefit of $9,000 for 30 years of service ($450 for each of the first 20 years of service and no additional benefits for Years 21-30); Formula B provides an annual pension benefit of $12,000 for 30 years of service (30 x 1% x $40,000 or $400 for each year of service). The attribution of pension benefits to years of service for Formulas A and B is presented in the following table.
","snippet":"In this Case, it is assumed that an employee will retire at the end of Year 30 with a final salary of $40,000. For that employee, Formula A provides an annual pension benefit of $9,000 for 30 years of service ($450 for e…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f325ed9a2102fe91bdba506be20824f520cbebbd8e734279662f0e0cd3f6483a","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-112","para":"55-112","html":"
The following table shows the increase in accumulated and projected benefits for each year of service for the employee under Formulas A and B. As can be seen, Formula A provides a greater accumulated and projected benefit for Years 1-20. In the following table and the table in paragraph 715-30-55-114, ABO depicts the accumulated benefit obligation and PBO depicts the projected benefit obligation.
","snippet":"The following table shows the increase in accumulated and projected benefits for each year of service for the employee under Formulas A and B. As can be seen, Formula A provides a greater accumulated and projected benefi…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a7d5eadef78a0246ab0481a2c4ca7bd858114316c1ee72a725903100c022c4c0","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-113","para":"55-113","html":"
Beginning in Year 21, no additional pension benefits are provided under Formula A. At that point, Formula B begins to provide a portion of the total projected benefit attributed to Years 21-30. The additional pension benefit expected to be provided under Formula B for service in Years 21-30 is $3,000 ($9,000 accumulated benefit at Year 20 under Formula A as compared with $12,000 accumulated benefit at Year 30 under Formula B); that additional pension benefit is attributed to service ratably over Years 21-30 ($300 per year). Note that although no additional pension benefits are earned in Years 21 and 22 (see projected benefit obligation in the preceding table) because the projected benefit under Formula B in those years is less than $9,000, pension benefits are attributed to those years of service based on the total incremental pension benefit for Years 21-30. Attribution of total projected benefits to years of service is illustrated in the following table.
","snippet":"Beginning in Year 21, no additional pension benefits are provided under Formula A. At that point, Formula B begins to provide a portion of the total projected benefit attributed to Years 21-30. The additional pension ben…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:7620a1782a330f7dbad3d5ae828cd0a5ca0c90f368f06550c113feb076656996","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-114","para":"55-114","html":"
Thus, while the accumulated benefit obligation at any point in time represents the greater of the pension benefits determined under Formulas A and B, the projected benefit obligation is determined on the basis of the formula providing the greater pension benefit (Formula A) until an allocation of incremental pension benefits for the remaining service period using another formula provides a greater pension benefit allocated to service in the current year. In this Case, the allocation of $3,000 of incremental benefits to Years 21-30 under Formula B provides a greater benefit allocated to service in those years ($300 per year) than Formula A would allocate ($0). The following table presents the increase in the accumulated benefit obligation and projected benefit obligation when the plan benefits are the greater of those determined under Formulas A and B.
","snippet":"Thus, while the accumulated benefit obligation at any point in time represents the greater of the pension benefits determined under Formulas A and B, the projected benefit obligation is determined on the basis of the for…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:64a2b2ba38b0242862436acaf7c4db6f2f23ea4220bf69dada4a3d54ad408cbc","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-115","para":"55-115","html":"
The accumulated and projected benefit obligation for Years 1-30 are as follows.
","snippet":"The accumulated and projected benefit obligation for Years 1-30 are as follows.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:cafa239a28b674d2fc63151bee75f3736a9c12f35c68d86ebda0a60446bd6439","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-116","para":"55-116","html":"
In this Case, it is assumed that an employee will retire at the end of Year 20 with a final salary of $30,000. For that employee, Formula A provides an annual pension benefit of $9,000 ($450 for each year of service); Formula B provides an annual pension benefit of $6,000 (20 x 1% x $30,000 or $300 for each year of service). Since Formula A provides the greater benefit in each year, attribution will be determined under Formula A. The accumulated benefit obligation and projected benefit obligation will be equal in Years 1-20 since Formula A is not pay-related.
","snippet":"In this Case, it is assumed that an employee will retire at the end of Year 20 with a final salary of $30,000. For that employee, Formula A provides an annual pension benefit of $9,000 ($450 for each year of service); Fo…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:21937300d53eb6d3d96381a4995201c3522afffb2c66f816e7be4a7de6bf7ef9","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-117","para":"55-117","html":"
In this Case, it is assumed than an employee will retire at the end of Year 40 with a final salary of $50,000. For that employee, Formula A provides an annual pension benefit of $9,000 for 40 years of service ($450 for each of the first 20 years of service and no additional benefits for service in Years 21-40); Formula B provides an annual pension benefit payable at retirement of $20,000 for 40 years of service (40 x 1% x $50,000 or $500 for each year of service). Since Formula B provides the greater pension benefit in each year, attribution of the projected benefit obligation will be determined under Formula B for all years of service. The accumulated benefit obligation, however, continues to be determined for each year of service by the formula that provides the greater accumulated benefit.
","snippet":"In this Case, it is assumed than an employee will retire at the end of Year 40 with a final salary of $50,000. For that employee, Formula A provides an annual pension benefit of $9,000 for 40 years of service ($450 for e…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:450906e35745458628ae24000e141e9ecad8ac7c12a8e8a643f2c68649a87c56","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-118","para":"55-118","html":"
This Example illustrates the guidance in paragraph 715-30-55-14 relating to attribution of pension benefits to a qualified and to an excess benefit pension plan.
","snippet":"This Example illustrates the guidance in paragraph 715-30-55-14 relating to attribution of pension benefits to a qualified and to an excess benefit pension plan.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2442322112dd0028ec32acf54aa15052c73bacab5bbe2e2b52fd5a3159d5ddf6","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-119","para":"55-119","html":"
In this Example, a pension plan's formula is an annual pension benefit of 2 percent of final pay for each year of service. It is assumed than an employee starts at a salary of $200,000 in Year 1, receives annual salary increases of $15,000, and retires at the end of 21 years at a salary of $500,000. It is further assumed that the limitation imposed by the tax law for annual pension benefit payments is $90,000 in Year 1 and that the limitation under the existing law will increase to permit annual pension benefit payments of $120,000 for all the years the employee will receive benefit payments.
","snippet":"In this Example, a pension plan's formula is an annual pension benefit of 2 percent of final pay for each year of service. It is assumed than an employee starts at a salary of $200,000 in Year 1, receives annual salary i…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:dcedd5a302e4a31d7890eea15dde4549bf8c109ddac6f021c2fda2f1f57aa1a8","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-120","para":"55-120","html":"
Attribution of the accumulated benefit obligation and projected benefit obligation for the employee is as follows. To simplify the illustration, the actuarial present values of the accumulated and projected benefit obligation have not been determined. Rather, those obligations are expressed in terms of the annual pension benefits that begin when the employee retires.
","snippet":"Attribution of the accumulated benefit obligation and projected benefit obligation for the employee is as follows. To simplify the illustration, the actuarial present values of the accumulated and projected benefit oblig…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1a1a691b3e33c33c6b74191880097165fcfed81b9e9d21ea29c490a49ab0f31b","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-121","para":"55-121","html":"
This Example illustrates the guidance in paragraphs
715-30-55-69 through 55-78
relating to a transfer to the Japanese government of the substitutional portion of employee pension fund liabilities.
","snippet":"This Example illustrates the guidance in paragraphs 715-30-55-69 through 55-78 relating to a transfer to the Japanese government of the substitutional portion of employee pension fund liabilities.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:eee0e2238d943f5779710e22a21ef357e81a95e80b92e4ae54f12d21854dd990","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-122","para":"55-122","html":"
This Example illustrates the guidance in paragraph 715-30-55-88 on the combination of two plans.
","snippet":"This Example illustrates the guidance in paragraph 715-30-55-88 on the combination of two plans.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f941a49a76e772e8e91d528ae918b6ffd5004381ecb0dad5bd63c763a8bd59f9","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-123","para":"55-123","html":"
In this Example, an employer has two pension plans (Plan A and Plan B) that are combined at December 31, 20X0. The following shows the assumptions and methods of amortizing pension amounts initially recognized in other comprehensive income and the funded status of each pension plan immediately before and after the combination of Plan A and Plan B.
","snippet":"In this Example, an employer has two pension plans (Plan A and Plan B) that are combined at December 31, 20X0. The following shows the assumptions and methods of amortizing pension amounts initially recognized in other c…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:6cc6300a93a555d985b79ba334d785ebf81614acf0afe696541c3c7b818143c5","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-124","para":"55-124","html":"
This Example illustrates the guidance in paragraph 715-30-55-90 relating to the division of one pension plan into separate pension plans.
","snippet":"This Example illustrates the guidance in paragraph 715-30-55-90 relating to the division of one pension plan into separate pension plans.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:6ce62952518c23dcd588206dad0672829e56c4b425974910bbf504b8654c1c37","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-125","para":"55-125","html":"
In this Example, an employer has a pension plan that covers employees of the parent entity and its consolidated subsidiaries (Subsidiaries B and C). The employer divides its pension plan into three separate pension plans (Plan A, Plan B, and Plan C) that are sponsored by the parent entity and Subsidiaries B and C, respectively.
","snippet":"In this Example, an employer has a pension plan that covers employees of the parent entity and its consolidated subsidiaries (Subsidiaries B and C). The employer divides its pension plan into three separate pension plans…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2bbcac870a82bd37beb4967c9e263833d2061ea57948bb83714983f7d5c64ebb","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-126","para":"55-126","html":"
The following shows the funded status of the pension plans immediately before and after the division.
","snippet":"The following shows the funded status of the pension plans immediately before and after the division.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:4b636543c6363a32e2b7c48d517110806025c28bb443f8157d858462e31becf6","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-127","para":"55-127","html":"
The journal entries to account for the division of the pension plan follow.
","snippet":"The journal entries to account for the division of the pension plan follow.\nParent Entity\nTo record the transfer of pension assets, obligations, and amounts included in accumulated other comprehensive income from the par…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d544557b0c774c09242f44990e87097b5d04560f239a154b67164b859b7aabd6","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-127A","para":"55-127A","html":"
For the purposes of this Example, a cash balance plan has the following characteristics:
  1. a
    A defined principal-crediting rate as a percentage of salary
  2. b
    A defined, noncontingent interest-crediting rate that entitles participants to future interest credits at a stated, fixed rate until retirement.
The benefit promise in a cash balance arrangement for a cash balance plan as described in (a) through (b) is not pay-related, and use of a projected unit credit method is neither required nor appropriate for purposes of measuring the benefit obligation and annual cost of benefits earned under this Subtopic. The appropriate cost attribution approach, therefore, is the traditional unit credit method. See paragraphs
715-30-35-36 through 35-39
and
715-30-55-7 through 55-15
for guidance on attribution approaches.
","snippet":"For the purposes of this Example, a cash balance plan has the following characteristics:\n(a) A defined principal-crediting rate as a percentage of salary\n(b) A defined, noncontingent interest-crediting rate that entitles…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:791fbdaa4a7d50dff65edff2bb8a0423e5600f4a0b1d7adc122652de133192ec","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0af5eccbd44e9d7760f9e3d811bc324980e8fb9d53ff89195326acb19ab2acd7","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"block":"Settlements, Curtailments, and Certain Termination Benefits","heading":null,"paragraphs":[{"citation":"715-30-55-128","para":"55-128","html":"
This Subsection is an integral part of the requirements of this Subtopic. This Subsection provides additional guidance and illustrations that address the application of accounting requirements to specific aspects of accounting for matters related to settlements, curtailments, and certain termination benefits related to defined benefit pension plans. The guidance and illustrations that follow may be based on provisions of law that are subject to change. These assumptions about the law are for illustrative purposes only.
","snippet":"This Subsection is an integral part of the requirements of this Subtopic. This Subsection provides additional guidance and illustrations that address the application of accounting requirements to specific aspects of acco…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d49adcda5e35e29823a224118ea9e7602272f74bee5f957d186fa29bd520172e","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:667eb7338e0141c8f19dcc55805f17665b5fa910c887ab259f4ccfb8501549c7","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"block":"Settlements, Curtailments, and Certain Termination Benefits","heading":"Implementation Guidance","paragraphs":[{"citation":"715-30-55-129","para":"55-129","html":"
This implementation guidance is organized in the following categories:
  1. a
    Relationship of settlements and curtailments to other events
  2. b
    Settlements
  3. c
    Curtailments
  4. d
    Certain termination benefits
  5. e
    Presentation matters.
","snippet":"This implementation guidance is organized in the following categories:\n(a) Relationship of settlements and curtailments to other events\n(b) Settlements\n(c) Curtailments\n(d) Certain termination benefits\n(e) Presentation m…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:7946b0a09456762c13bd570a595ce51582a7b83ba55722d9eca3b60e6c053da5","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-130","para":"55-130","html":"
Paragraphs
715-30-35-74 through 35-78
establish general guidance on the relationship of settlements and curtailments to other events. That guidance is affected by whether there is a successor pension plan. A new pension plan that is established by an employer, or one or more existing pension plans that are amended by the employer, to provide for the accrual of defined pension benefits for the future services of present employees that were previously covered by another pension plan (old plan) sponsored by that employer shall be considered a successor pension plan except under any of the following conditions:
  1. a
    The new plan's pension benefit formula or the amendment or amendments to the existing pension plan(s) provide for accrual of only insignificant defined pension benefits for those employees.
  2. b
    The new or existing pension plan or plans cover only an insignificant number of employees previously covered by the old plan.
","snippet":"Paragraphs 715-30-35-74 through 35-78 establish general guidance on the relationship of settlements and curtailments to other events. That guidance is affected by whether there is a successor pension plan. A new pension …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:6cf75ee1b710566862decdea79e9beea9cab670d536b884ae07a330a42a94b27","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-131","para":"55-131","html":"
The guidance in the Settlements, Curtailments, and Certain Termination Benefits Subsections of this Subtopic does not apply to an employer's withdrawal from a multiemployer pension plan, and, therefore, if the employer withdraws from a multiemployer pension plan and establishes a pension plan for its employees, that pension plan is not considered to be a successor pension plan.
","snippet":"The guidance in the Settlements, Curtailments, and Certain Termination Benefits Subsections of this Subtopic does not apply to an employer's withdrawal from a multiemployer pension plan, and, therefore, if the employer w…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9dd31a007e8ecd1a4a1be16621e1a4a97f58e1db9ddc2d5fca6e28a5421c13d1","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-132","para":"55-132","html":"
An employer may terminate its pension plan, settle a pension benefit obligation, withdraw excess plan assets, and establish a successor pension plan that has the same pension benefit formula. In this situation, a settlement occurs but a curtailment does not. Although employees no longer accrue pension benefits under the terminated pension plan, they do accrue pension benefits under the successor pension plan. From an accounting viewpoint, those two pension plans are viewed as one pension plan because, in substance, the pension plan has not been terminated. The only transactions requiring accounting recognition in the employer's financial statements are the settlement and the withdrawal of excess plan assets. See paragraphs
715-30-35-74 through 35-78
for guidance on whether a settlement or curtailment has occurred if defined benefits continue to be provided for future services. If the successor pension plan provides (reduced) increased pension benefits for all years of employees' future service, that change in the benefit formula is accounted for as a (negative) pension plan amendment. See paragraph 715-30-55-54 for guidance on negative plan amendments.
","snippet":"An employer may terminate its pension plan, settle a pension benefit obligation, withdraw excess plan assets, and establish a successor pension plan that has the same pension benefit formula. In this situation, a settlem…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e6e8a48f942fd023ee753d280d291041f99c3d332c70f4caae85f2e5bcc01228","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-133","para":"55-133","html":"
A settlement of the pension benefit obligation as part of a pension plan termination (with no successor pension plan) may occur in a financial reporting period that differs from the period in which the effects of the curtailment resulting from the pension plan termination ordinarily would be recognized. The effects of the settlement and the effects of the curtailment that result from a pension plan termination shall be recognized in accordance with paragraphs
715-30-35-79 through 35-82
and
715-30-35-92 through 35-94
, respectively, which may result in the effects of those events being recognized in different periods. See Example 8 (paragraph 715-30-55-236) for an illustration of a termination and a settlement recognized in different periods.
","snippet":"A settlement of the pension benefit obligation as part of a pension plan termination (with no successor pension plan) may occur in a financial reporting period that differs from the period in which the effects of the cur…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:540095ab8df9fd3dfd744ddabbf067f4bd5a961eeda185b4187c61590ac1808b","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-134","para":"55-134","html":"
If an employer's disposal of a component of an entity (see paragraph 715-30-55-193) results in a termination of some employees' services earlier than expected but does not significantly reduce the expected years of future service of present employees covered by the pension plan, the effects of the reduction in the work force on the pension plan should be measured in the same manner as a curtailment (see paragraphs
715-30-35-92 through 35-93
) to determine the gain or loss on the disposal pursuant to paragraph 205-20-45-3. Although the reduction in the work force does not result in a significant reduction in the expected years of future service of present employees covered by the pension plan and, therefore, a curtailment does not occur, measuring the effects of the reduction in the work force in the same manner as a curtailment (see paragraphs
715-30-35-92 through 35-93
) is appropriate for purposes of determining the gain or loss on the disposal.
","snippet":"If an employer's disposal of a component of an entity (see paragraph 715-30-55-193) results in a termination of some employees' services earlier than expected but does not significantly reduce the expected years of futur…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:34bc088e296e4f6efe967b063526f7458ac7a7882913fd916b36000da9ae4bbe","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-135","para":"55-135","html":"
As part of the sale of a component of an entity there may be a transfer of a pension benefit obligation to the purchaser (that is, the purchaser assumes the pension benefit obligation for specific employees. Whether both a settlement and a curtailment occur depends on the facts and circumstances.
","snippet":"As part of the sale of a component of an entity there may be a transfer of a pension benefit obligation to the purchaser (that is, the purchaser assumes the pension benefit obligation for specific employees. Whether both…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:34d2f94baa64287c5afc95a7a3a1742166faa62df401df87259adbd5b1c69ad3","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-136","para":"55-136","html":"
A settlement occurs if the criteria in the definition of the term settlement are satisfied. If there is any reasonable doubt that the purchaser will meet the pension benefit obligation assumed under the sales agreement and the seller remains contingently liable for that pension benefit obligation, a settlement does not occur.
","snippet":"A settlement occurs if the criteria in the definition of the term settlement are satisfied. If there is any reasonable doubt that the purchaser will meet the pension benefit obligation assumed under the sales agreement a…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0822419aa4907693ee28f5be4a4d45339b57020a67a7e6e188db858b2dc17e93","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-137","para":"55-137","html":"
A curtailment occurs if the sale significantly reduces the expected years of future service of present employees covered by the employer's pension plan. Even if a curtailment does not occur, the effects of the reduction in the work force should be considered for purposes of determining the gain or loss on the sale.
","snippet":"A curtailment occurs if the sale significantly reduces the expected years of future service of present employees covered by the employer's pension plan. Even if a curtailment does not occur, the effects of the reduction …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:37424f4beebd82ae0af94962b12f7f62bea1971763643ac9227db1d4cb7edef1","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-138","para":"55-138","html":"
See paragraph 715-60-55-111 for a discussion of the interaction of the termination of a postretirement plan with a related increase in an employer's obligation for pension benefits.
","snippet":"See paragraph 715-60-55-111 for a discussion of the interaction of the termination of a postretirement plan with a related increase in an employer's obligation for pension benefits.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:235f3c5f682347c04938c16f585a992a2e8f2963a4bc77f0d11284e3e8f2bbbf","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-139","para":"55-139","html":"
The Settlement, Curtailments, and Special Terminations Subsection of Section 715-30-35 provides the general guidance on settlement transactions. The following settlement related implementation guidance is organized in three categories:
  1. a
    Meeting the criteria for settlement
  2. b
    Settlement measurement issues
  3. c
    Application of accounting policy.
","snippet":"The Settlement, Curtailments, and Special Terminations Subsection of Section 715-30-35 provides the general guidance on settlement transactions. The following settlement related implementation guidance is organized in th…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:886920296689e4d87543b0ad481ae566c8350cdb0809c5dae2971fddf7fc5005","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-140","para":"55-140","html":"
A transaction that does not meet all of the criteria in the definition of the term settlement does not constitute a settlement for purposes of applying the guidance in the Settlement, Curtailment, and Certain Termination Benefits Subsections of this Subtopic. One of the criteria is that the transaction is irrevocable. In this context, irrevocable means that a transaction or event cannot be revoked, recalled, or undone; the transaction or event is unalterable.
","snippet":"A transaction that does not meet all of the criteria in the definition of the term settlement does not constitute a settlement for purposes of applying the guidance in the Settlement, Curtailment, and Certain Termination…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c7680205cbece0433d34538a660be85591a12bd5d9b990d518b21bf155e0b0cb","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-141","para":"55-141","html":"
For example, investing in a portfolio of high-quality fixed-income securities with principal and interest payment dates similar to the estimated payment dates of benefits may avoid or minimize certain risks. However, that does not constitute a settlement because the investment decision can be reversed and such a strategy does not relieve the employer or the plan of primary responsibility for a pension obligation, nor does it eliminate significant risks related to the obligation.
","snippet":"For example, investing in a portfolio of high-quality fixed-income securities with principal and interest payment dates similar to the estimated payment dates of benefits may avoid or minimize certain risks. However, tha…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:bb21fe3f4fac47b8404b64d95a56903f11d1cd52a6d392ec3dead30ad2cd2032","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-142","para":"55-142","html":"
Another example of a transaction that does not meet the requirements for a settlement involves an employer with a situation in which all of the following occur in a period:
  1. a
    The employer decides to terminate a pension plan and establish a successor pension plan.
  2. b
    A nonparticipating annuity contract for the vested benefits of all plan participants is purchased but can be rescinded if certain regulatory approvals for the termination of the pension plan are not obtained.
  3. c
    It is determined that the regulatory approvals are probable.
","snippet":"Another example of a transaction that does not meet the requirements for a settlement involves an employer with a situation in which all of the following occur in a period:\n(a) The employer decides to terminate a pension…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:5801871ddcb15ab9de8dadb18d265b8f92552b9c9ab7fbdb5f6349a3c55e62fe","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-143","para":"55-143","html":"
An employer shall not recognize a settlement gain or loss until all three criteria inherent in the definition of a settlement are satisfied. In the situation described in the preceding paragraph, an irrevocable action has not occurred that relieves the employer or the pension plan of primary responsibility for a pension benefit obligation and eliminates significant risks related to the pension benefit obligation and the plan assets used to effect the settlement. Therefore, recognition of a settlement gain or loss should await completion of the irrevocable action necessary to relieve the employer or the pension plan of the primary responsibility for the pension benefit obligation. The probability of completion of the irrevocable action is not relevant.
","snippet":"An employer shall not recognize a settlement gain or loss until all three criteria inherent in the definition of a settlement are satisfied. In the situation described in the preceding paragraph, an irrevocable action ha…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:47552668566bf17984c0fd0a5545226b69c286d600cefc96b7c586f2d903dbeb","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-144","para":"55-144","html":"
Another example illustrating the need to meet the criteria inherent in the definition of a settlement is a situation in which an employer decides in 20X1 to terminate its pension plan, withdraw excess plan assets, and establish a successor pension plan, but is unable to effect the transactions, which include the settlement of the vested benefit obligation, until regulatory approval is obtained. The purchase of nonparticipating annuity contracts occurs in January 20X2 after regulatory approval has been obtained and before the 20X1 financial statements have been issued or are available to be issued (as discussed in Section 855-10-25). A settlement gain or loss is not recognized until all three criteria for a settlement are satisfied. That does not occur until January 20X2. In this situation, adjustment of the 20X1 financial statements would not be appropriate, although disclosure of the event may be required.
","snippet":"Another example illustrating the need to meet the criteria inherent in the definition of a settlement is a situation in which an employer decides in 20X1 to terminate its pension plan, withdraw excess plan assets, and es…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:571eb7e2707e8a34dd15cdb99e7b3bd4a10d4b5c72c61e94443952b9ced00de8","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-145","para":"55-145","html":"
An employer may withdraw excess plan assets (cash) from a pension plan and not be required to settle a pension benefit obligation as part of an asset reversion transaction. Because a settlement has not occurred, none of the net gain or loss included in accumulated other comprehensive income shall be recognized in earnings. See paragraph 715-30-55-6 for guidance on the accounting required in this situation.
","snippet":"An employer may withdraw excess plan assets (cash) from a pension plan and not be required to settle a pension benefit obligation as part of an asset reversion transaction. Because a settlement has not occurred, none of …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:06dc0f852058d08293cc6d75df78d3bb4eb027e8eb6d13480c5c84ce13599013","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-146","para":"55-146","html":"
If individual nonparticipating annuity contracts are to be used to settle a pension benefit obligation, payment of the premium for the purchase of the individual annuity contracts may be necessary before a settlement gain or loss should be recognized. The timing of the payment of the premium is relevant in assessing the critical issue, which is whether a transaction has occurred that irrevocably relieves the employer or the pension plan of primary responsibility for a pension benefit obligation and eliminates significant risks related to the pension benefit obligation and the plan assets used to effect the settlement. For a settlement gain or loss to be recognized, the insurance entity must have unconditionally undertaken a legal obligation to provide the specified pension benefits. If the premium has not been paid, the purchase of the annuity contracts may be revocable. Further, if plan assets have not been transferred by the pension plan to effect the settlement, they may be at risk. If significant risks related to the pension benefit obligation and the plan assets to be used to effect the settlement have not been eliminated, no gain or loss should be recognized.
","snippet":"If individual nonparticipating annuity contracts are to be used to settle a pension benefit obligation, payment of the premium for the purchase of the individual annuity contracts may be necessary before a settlement gai…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0c8c86badfe7e4e2534aef4fd90355918a07f0f3ce65801244a5b21e20269ce6","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-147","para":"55-147","html":"
If individual nonparticipating annuity contracts are to be used to settle a pension benefit obligation, issuance of the individual annuity contracts may be necessary before a settlement gain or loss should be recognized. The issuance of individual annuity contracts is not the critical event but is relevant in assessing the critical issue, as stated in the preceding paragraph. However, the absence of individual annuity contracts together with an assessment of other relevant information, for example, payment of the premium as in the preceding paragraph, may indicate that only a commitment has been made to purchase annuity contracts. A commitment does not satisfy the criteria for a settlement and does not result in a settlement gain or loss.
","snippet":"If individual nonparticipating annuity contracts are to be used to settle a pension benefit obligation, issuance of the individual annuity contracts may be necessary before a settlement gain or loss should be recognized.…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a09eb1a58e29a8db954636717976e1069147dacad0bddb01068387a7e5a6df81","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-148","para":"55-148","html":"
If plan participants have agreed to accept lump-sum cash payments in exchange for their rights to receive specified pension benefits and the amounts of the payments have been fixed, payment of the cash to plan participants may be necessary before a settlement gain or loss should be recognized. As noted in paragraph 715-30-55-146, the timing of the payment is relevant in assessing whether the criteria for a settlement have been met. If the cash payments have not been made, the agreement may be revocable. Further, if plan assets have not been transferred by the pension plan to effect the settlement, they may be at risk. If significant risks related to the pension benefit obligation and the plan assets to be used to effect the settlement have not been eliminated, no gain or loss shall be recognized.
","snippet":"If plan participants have agreed to accept lump-sum cash payments in exchange for their rights to receive specified pension benefits and the amounts of the payments have been fixed, payment of the cash to plan participan…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:fd0c734b33d5ac0b536f17df1ce2f6fb29a77704d8ea4f79286f192d1813ad68","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-149","para":"55-149","html":"
A settlement does not occur if a contract is entered into with an insurance entity that requires the insurance entity to pay only a portion of specific participants' pension benefits, for example, payments due retirees for the next five years. The contract should provide life annuities, not limited-term annuities, for a settlement to occur. A contract for limited-term annuities does not eliminate significant risks related to the pension benefit obligation for the participants, for example, the duration of their pension benefit payments, and, therefore, it does not satisfy the criteria for a settlement.
","snippet":"A settlement does not occur if a contract is entered into with an insurance entity that requires the insurance entity to pay only a portion of specific participants' pension benefits, for example, payments due retirees f…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:571326877f2519c9e2ccacc21a35c3920cbd29d005d703efb77cec38fd5a1412","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-150","para":"55-150","html":"
Another example of a transaction that does not constitute a settlement involves a situation in which all of the following occur:
  1. a
    An employer (or the pension plan) irrevocably purchases an insurance contract that guarantees payment of those pension benefits vested as of the date of the purchase.
  2. b
    The purchase price of the insurance contract significantly exceeds the purchase price of a nonparticipating annuity contract covering the same pension benefits.
  3. c
    The insurance entity receives an annual fee based on a percentage of the actuarial present value of the covered pension benefits to compensate it for the risk of guaranteeing those pension benefits.
  4. d
    If a specified ratio of assets to the covered pension benefit obligation is maintained, the employer (or the pension plan) continues to manage the assets used to effect the purchase; however, the insurance contract requires that a certain percentage of the assets be invested in high-quality bonds or a dedicated bond portfolio, depending on the ratio of assets to the covered pension benefit obligation.
  5. e
    Upon final satisfaction of all of the pension benefit obligation covered by the insurance contract and payment of all of the contract's administrative fees due to the insurance entity, the insurance entity will remit to the employer (or the pension plan) any amounts remaining in the insurance contract's account balance. Interim withdrawals from the account by the employer (or the pension plan) are also permitted with prior notification to the insurance entity unless a withdrawal causes the ratio of assets to the covered pension benefit obligation to drop below a specified percentage.
","snippet":"Another example of a transaction that does not constitute a settlement involves a situation in which all of the following occur:\n(a) An employer (or the pension plan) irrevocably purchases an insurance contract that guar…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e04a59d15df12443a44471ecbe2c87d73eac8875e3b5ea76ba625362c40021e0","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-151","para":"55-151","html":"
Under the terms of the contract described in the preceding paragraph, the employer remains subject to those risks and rewards described in paragraph 715-30-35-84. Accordingly, the insurance contract is a participating annuity contract that does not satisfy the criteria in paragraphs
715-30-35-84 through 35-88
for a settlement.
","snippet":"Under the terms of the contract described in the preceding paragraph, the employer remains subject to those risks and rewards described in paragraph 715-30-35-84. Accordingly, the insurance contract is a participating an…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ea360e8f1ed585f6dc03e1288bfae60437a558293f3ca21583271911bd4e2d6d","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-152","para":"55-152","html":"
Delayed recognition of gains or losses in net periodic pension cost is permitted under the General Subsections of this Subtopic, because, in part, past gains or losses may be offset by future losses or gains. The Settlements, Curtailments, and Certain Termination Benefits Subsections of this Subtopic require recognition in earnings of gains or losses included in accumulated other comprehensive income when a settlement of a pension benefit obligation occurs because the basis for generating offsetting losses or gains has been altered, that is, a pension benefit obligation and the plan assets used to effect the settlement are eliminated.
","snippet":"Delayed recognition of gains or losses in net periodic pension cost is permitted under the General Subsections of this Subtopic, because, in part, past gains or losses may be offset by future losses or gains. The Settlem…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:7f4819c6fd46f95beabda150ac1826bbf04587689812a620d3b1b695bf80b543","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-153","para":"55-153","html":"
The transaction in paragraph 715-30-55-150 is structured so that the plan assets and the pension benefit obligation have substantially the same ability to generate gains (or losses to the extent of the purchase price for the participation right and the annual fees paid to the insurance entity for the guarantee of the pension benefit obligation) both before and after the insurance contract is purchased. The employer remains subject to significant risks and rewards related to the pension benefit obligation and the plan assets and, therefore, the purchase does not qualify for settlement accounting. That transaction creates, in substance, a deposit administration contract with a guarantee from the insurance entity to provide for certain pension benefits from the insurance entity's general assets, if necessary. Transactions such as those in this example are addressed in the paragraph 715-30-35-87 guidance that prohibits settlement accounting for those transactions for which the basis of generating offsetting losses or gains has not been substantially altered.
","snippet":"The transaction in paragraph 715-30-55-150 is structured so that the plan assets and the pension benefit obligation have substantially the same ability to generate gains (or losses to the extent of the purchase price for…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:683c270e3cc0c3d13deac80cce7e27f3c76031e227ba96144c62cf386ec612f6","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-154","para":"55-154","html":"
Paragraph 715-30-35-79 provides accounting guidance on the use of participating annuity contracts in settlement transactions. Under that guidance, settlement accounting is required for only certain participating annuity contracts as determined under the guidance in paragraphs
715-30-35-84 through 35-88
.
","snippet":"Paragraph 715-30-35-79 provides accounting guidance on the use of participating annuity contracts in settlement transactions. Under that guidance, settlement accounting is required for only certain participating annuity …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:40e1ba85a4bbb67b29843fec403dc83f7356e94672356ba36c1c142cd79389cf","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-155","para":"55-155","html":"
One reason for requiring settlement accounting for certain participating annuity contracts is to preclude a potential abuse. If settlement accounting was required for only nonparticipating annuity contracts, then an employer could avoid settlement accounting by purchasing what was essentially a nonparticipating annuity contract and paying a small premium for a de minimis participation right.
","snippet":"One reason for requiring settlement accounting for certain participating annuity contracts is to preclude a potential abuse. If settlement accounting was required for only nonparticipating annuity contracts, then an empl…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f533b1ec6a61b97762aa4336bdfb737bc4dc5bd54e375bec4a3f017201e54c9f","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-156","para":"55-156","html":"
Another reason is that paying a premium for a contract including a participation right rather than purchasing a nonparticipating annuity contract might be a sound economic decision that should not otherwise disqualify a transaction from settlement accounting, providing the transaction transferred the requisite level of risks and rewards from the employer to the insurance entity. However, if the terms of the participating annuity contract are such that the employer has the same or much of the same exposure to gains or losses with regard to the pension benefit obligation or the plan assets before and after the transaction, then settlement accounting is not permitted.
","snippet":"Another reason is that paying a premium for a contract including a participation right rather than purchasing a nonparticipating annuity contract might be a sound economic decision that should not otherwise disqualify a …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e8e61a5873399c16b6ce3c7e303aca6316b832207ebb4ba63229c0f465e86d7d","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-157","para":"55-157","html":"
Example 2, Case C (see paragraph 715-30-55-209) presents an illustration of a settlement in which participating annuities were concluded to qualify for settlement accounting. The relative cost of the participation right (10 percent) used in that Case is not intended to be an indication of a criterion that could be used to determine whether the purchase of a participating annuity contract qualifies for settlement accounting. Rather, the facts assumed in the Case were selected only to illustrate the application of paragraph 715-30-35-79. No other purpose was intended. There are no quantitative criteria that can be used to determine whether the purchase of a participating annuity contract qualifies for settlement accounting. Whether the purchase of a participating annuity contract qualifies for settlement accounting depends on the particular facts and circumstances. There are no generic, quantitative criteria that can be used. Each transaction shall be evaluated on its own merits given the general criteria provided in paragraphs
715-30-35-84 through 35-88
.
","snippet":"Example 2, Case C (see paragraph 715-30-55-209) presents an illustration of a settlement in which participating annuities were concluded to qualify for settlement accounting. The relative cost of the participation right …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8bc44f9cf8530f1e4e2c773f204d1d56a4e9f0580b952e250b649ad232a29bf6","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-158","para":"55-158","html":"
A transaction may qualify for settlement accounting in the separately issued financial statements of a subsidiary, yet not qualify in the parent entity's consolidated financial statements. For example, if a parent entity's wholly owned subsidiaries, Subsidiaries A and B, have separate pension plans and Subsidiary B purchases nonparticipating annuity contracts from Subsidiary A (which is an insurance entity) to provide the vested pension benefits under Subsidiary B's pension plan, that transaction does not constitute a settlement in the parent entity's consolidated financial statements. It does not qualify because the guidance in paragraph 715-30-35-84 excludes annuity contracts purchased from an entity that is controlled by the employer from settlement accounting as such a transaction merely shifts the risk from one part of the entity to another part of the same entity. Since significant risks related to a pension benefit obligation and the plan assets remain with the employer, which is the economic entity comprising the parent entity and its subsidiaries, a settlement does not occur.
","snippet":"A transaction may qualify for settlement accounting in the separately issued financial statements of a subsidiary, yet not qualify in the parent entity's consolidated financial statements. For example, if a parent entity…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:6f2224e8afc445b0b3b8c5ab60355321e647a814823605f40ec2179d01fb0bca","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-159","para":"55-159","html":"
Assuming the other criteria for a settlement are satisfied, the purchase of the nonparticipating annuity contracts discussed in the preceding paragraph does constitute a settlement in the separately issued financial statements of Subsidiary B, because significant risks related to a pension benefit obligation and the plan assets used to effect the settlement have been assumed by another entity that is not controlled by Subsidiary B. Disclosure of the related party nature of the settlement should be made pursuant to Section 850-10-50.
","snippet":"Assuming the other criteria for a settlement are satisfied, the purchase of the nonparticipating annuity contracts discussed in the preceding paragraph does constitute a settlement in the separately issued financial stat…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:276e0f53bcb7e6e325a3ec420596b8fc8664ec98e7819112593beca549d73613","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-160","para":"55-160","html":"
A pension plan may use a market-related value of plan assets other than fair value for purposes of determining the expected return on plan assets under the guidance in paragraph 715-30-35-51. That basis shall not be used in determining the maximum gain or loss subject to pro rata recognition in earnings when a pension benefit obligation is settled. The fair value of plan assets as of the date of settlement shall be used.
","snippet":"A pension plan may use a market-related value of plan assets other than fair value for purposes of determining the expected return on plan assets under the guidance in paragraph 715-30-35-51. That basis shall not be used…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:600c4724c5f800e8d624127b87657544d5fbd361ebdcaced8c5550dc6e7280bb","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-161","para":"55-161","html":"
An employer may settle a pension benefit obligation and withdraw excess plan assets as part of terminating its pension plan. The settlement gain or loss determined pursuant to paragraph 715-30-35-79 should not be adjusted to eliminate any gains or losses included in accumulated other comprehensive income relating to securities issued by the employer if those securities are included in the plan assets withdrawn. In this situation, the settlement of a pension benefit obligation, not the withdrawal of plan assets, is the event that requires the employer to recognize in earnings any of the net gain or loss included in accumulated other comprehensive income. Further, withdrawal of plan assets does not affect the determination of the settlement gain or loss. Likewise, the nature of the plan assets withdrawn does not affect that determination. Whether the securities are sold by the pension plan and the employer repurchases them in the market with cash withdrawn from the pension plan or whether the securities are withdrawn should not affect the determination of the settlement gain or loss.
","snippet":"An employer may settle a pension benefit obligation and withdraw excess plan assets as part of terminating its pension plan. The settlement gain or loss determined pursuant to paragraph 715-30-35-79 should not be adjuste…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a5a15becbec4be5dc13bc154d9bea0d62b2097776b15ed7571d2051c6ec062d7","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-162","para":"55-162","html":"
If nonparticipating annuity contracts are purchased from a less-than-majority-owned investee that is not controlled by the employer and the criteria for a settlement are satisfied, the resulting settlement gain or loss is not subject to partial recognition (that is, it should not be reduced to reflect the employer's ownership). The employer's noncontrolling ownership interest in the insurance entity that issues the nonparticipating annuity contracts does not affect the accounting for the settlement. Therefore, the entire settlement gain or loss should be recognized in earnings. The treatment of this intra-entity transaction is acknowledged to be a departure from traditional accounting under the equity method and is not intended to be a precedent for nonpension intra-entity transactions.
","snippet":"If nonparticipating annuity contracts are purchased from a less-than-majority-owned investee that is not controlled by the employer and the criteria for a settlement are satisfied, the resulting settlement gain or loss i…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ef0be6286362dc4b1a56c0eacbba95c8bd9b0557efcd4218a40a8ef18377fa32","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-163","para":"55-163","html":"
The interest rates implicit in the purchase price of nonparticipating annuity contracts used to effect a settlement may be different from the assumed discount rates used to determine net periodic pension cost. If the rates are different, the employer should measure the portion of the projected benefit obligation being settled and the remaining portion, if appropriate, using the implicit annuity interest rates. Consequently, the measurement of the portion of the projected benefit obligation being settled is the purchase price of the nonparticipating annuity contracts. Any gains or losses resulting from measuring the projected benefit obligation and the plan assets are included in the maximum gain or loss subject to pro rata recognition in earnings before the settlement gain or loss to be recognized is determined. In determining whether it is appropriate to measure the unsettled portion of the projected benefit obligation using the implicit annuity interest rates, consideration should be given to the demographics of the participants related to the settled and unsettled portions of the projected benefit obligation. If the demographics are similar and, therefore, there is a similar length of time until payments are due and the implicit annuity interest rates reflect the best estimate of the rates at which the unsettled portion could be effectively settled (as discussed in paragraphs
715-30-35-43 through 35-46
), then it is appropriate to measure the unsettled portion of the projected benefit obligation using those rates. If use of those rates is not appropriate, then rates as of the date of the settlement that do satisfy the requirements of those paragraphs shall be used to measure the unsettled portion of the projected benefit obligation.
","snippet":"The interest rates implicit in the purchase price of nonparticipating annuity contracts used to effect a settlement may be different from the assumed discount rates used to determine net periodic pension cost. If the rat…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:64915e99bdd412bc048c3fa24d6202ba8a2e0057a542fe1adb6dfe38e09562ae","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-164","para":"55-164","html":"
Paragraph 715-30-35-79 provides accounting guidance on the use of participating annuity contracts in settlement transactions. Example 2, Case C (see paragraph 715-30-55-209) illustrates a settlement transaction using participating annuity contracts and a method that determines the maximum gain subject to pro rata recognition in earnings by first reducing the net gain included in accumulated other comprehensive income by the cost of the participation right. The allocation method illustrated in that Case is not the only permitted method that may be used. In determining the maximum gain subject to pro rata recognition in earnings, any of the following alternative methods may be used, provided the approach selected is applied consistently from year to year. An amount equal to the cost of the participation right could be allocated in any of the following ways:
  1. a
    Initially to the transition asset remaining in accumulated other comprehensive income
  2. b
    Initially to the net gain included in accumulated other comprehensive income
  3. c
    On a pro rata basis to the transition asset remaining in accumulated other comprehensive income and the net gain included in accumulated other comprehensive income.
","snippet":"Paragraph 715-30-35-79 provides accounting guidance on the use of participating annuity contracts in settlement transactions. Example 2, Case C (see paragraph 715-30-55-209) illustrates a settlement transaction using par…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0eb61cc8cec4265c3e101bb0afd2f1e93bd2f6b788b97f4bf803385bd5ab2418","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-165","para":"55-165","html":"
Because the allocation method can affect the determination of subsequent periods' net periodic pension cost, allocation on a pro rata basis (alternative [c] in the preceding paragraph) is recommended because it is an unbiased approach.
","snippet":"Because the allocation method can affect the determination of subsequent periods' net periodic pension cost, allocation on a pro rata basis (alternative [c] in the preceding paragraph) is recommended because it is an unb…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:080cbfd5fdeaa588c406664d5969c6dc8c329c255cf9ab52a7a3692ff1e29fd4","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-166","para":"55-166","html":"
Paragraph 715-30-35-82 requires recognition in earnings of gains or losses from settlements if the cost of all settlements during a year is greater than the sum of the service cost and interest cost components of net periodic pension cost and permits such recognition if the cost of settlements is less, as long as the policy is applied consistently. As an example of an acceptable accounting policy, an employer may adopt a policy that requires recognition in earnings of gains or losses from all settlements during the year for a pension plan if the cost of those settlements exceeds the service cost component of net periodic pension cost for that pension plan for the year.
","snippet":"Paragraph 715-30-35-82 requires recognition in earnings of gains or losses from settlements if the cost of all settlements during a year is greater than the sum of the service cost and interest cost components of net per…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:819f08983367b7a5f64e5b2d9613e0426d3a89c10be50c75d82280b5e32823b2","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-167","para":"55-167","html":"
A settlement gain or loss may need to be recognized as a change in accounting estimate following the guidance in Topic 250 as in the following situation. Assume that an employer's accounting policy is not to recognize in earnings a gain or loss from a settlement if the cost of all settlements during the year does not exceed the sum of the service cost and interest cost components of net periodic pension cost for the pension plan for the year and all of the following occur:
  1. a
    It is estimated at the beginning of the year that the cost of all settlements during the year will not exceed the threshold amount described.
  2. b
    A pension benefit obligation is settled during the first quarter and a settlement gain or loss is not recognized.
  3. c
    In the second quarter and after the issuance of the first quarter's interim report, it is determined that the cost of all settlements during the year will exceed the threshold amount.
","snippet":"A settlement gain or loss may need to be recognized as a change in accounting estimate following the guidance in Topic 250 as in the following situation. Assume that an employer's accounting policy is not to recognize in…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:6219fe5d32e80fe9da8fd555c386bcf43499de236cc6d9e609acccafb2980485","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-168","para":"55-168","html":"
In the situation described in the preceding paragraph, the settlement gain or loss should be recognized in the second quarter consistent with the accounting for a change in accounting estimate as required by paragraphs 250-10-45-17 and 270-10-45-14.
","snippet":"In the situation described in the preceding paragraph, the settlement gain or loss should be recognized in the second quarter consistent with the accounting for a change in accounting estimate as required by paragraphs 2…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:7099835a60320fcf8399e5956da34de2c4d8ee200fcf10463d2380857cd834aa","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-169","para":"55-169","html":"
The Settlements, Curtailments, and Special Term Benefits Subsection of Section 715-30-35 provides the general guidance on curtailment transactions. The following curtailment-related implementation guidance is organized in two categories:
  1. a
    Meeting the criteria for curtailment
  2. b
    Curtailment measurement issues.
","snippet":"The Settlements, Curtailments, and Special Term Benefits Subsection of Section 715-30-35 provides the general guidance on curtailment transactions. The following curtailment-related implementation guidance is organized i…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:aa235939d5a5d90c4bb5f78fb793f557f2cd08f120613f9840e6f1362dddd56e","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-170","para":"55-170","html":"
In the definition of the term plan curtailment, there is no specific threshold for determining if an event results in a significant reduction of expected years of future service of present employees covered by a pension plan or an elimination of the accrual of pension benefits for some or all future services of a significant number of employees covered by a pension plan. Judgment shall be applied to determine what is significant for each pension plan (the unit of accounting) based on the facts and circumstances. For example, an employer may have a pension plan covering employees in several divisions. The employer terminates employees in one of those divisions and the expected years of future service of present employees in that division are reduced significantly, but the reduction is not significant in relation to the expected years of future service of all employees covered by the pension plan. Because the event involves an insignificant reduction of expected years of future service of present employees covered by the pension plan, a curtailment does not occur. The results of the event are a gain or loss as described in paragraphs
715-30-35-18 through 35-19
that is subject to the requirements of paragraphs
715-30-35-24 through 35-25
.
","snippet":"In the definition of the term plan curtailment, there is no specific threshold for determining if an event results in a significant reduction of expected years of future service of present employees covered by a pension …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c8a7f7acb826e39af4023ed5e3b0946aa80a3c6dc75e4858b6601d030c98c23f","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-171","para":"55-171","html":"
If a layoff significantly reduces the expected years of future service of present employees covered by a pension plan, a curtailment occurs even if the layoff is expected to be temporary. For example, a curtailment occurs in both of the following actions:
  1. a
    The employer temporarily lays off a significant number of present employees covered by a pension plan.
  2. b
    The employer temporarily suspends a pension plan so that employees covered by the pension plan do not earn additional pension benefits for some or all of their future services.
","snippet":"If a layoff significantly reduces the expected years of future service of present employees covered by a pension plan, a curtailment occurs even if the layoff is expected to be temporary. For example, a curtailment occur…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3a3c5a23e90819de9cb6bf011f35779dffad9b6804ab2ab897f75d94abb0f19b","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-172","para":"55-172","html":"
Likewise, if a pension plan suspension eliminates significant pension benefit accruals for some or all of present employees' future services, a curtailment occurs even if the pension plan suspension is expected to be temporary. Unrelated, individually insignificant reductions of expected years of future service of employees covered by a pension plan that accumulate over a single year or more than one year to a significant reduction do not constitute a curtailment. However, each of the reductions results in a gain or loss as described in paragraphs
715-30-35-18 through 35-19
that is subject to the requirements of paragraphs
715-30-35-24 through 35-25
. This evaluation is in contrast to the situation in which individually insignificant reductions of expected years of future service of employees covered by a pension plan are caused by one event, such as a strike, or are related to a single plan of reorganization and those reductions accumulate during more than one fiscal year to a significant reduction. The fact that the reductions occur over a period of time in this situation does not affect the determination that an event giving rise to a curtailment has occurred.
","snippet":"Likewise, if a pension plan suspension eliminates significant pension benefit accruals for some or all of present employees' future services, a curtailment occurs even if the pension plan suspension is expected to be tem…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:4dec716d4717745a3a32da64a80fde3d3507e598b00cf7ead6dfa3d22b9d934c","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-173","para":"55-173","html":"
Paragraph 715-30-55-130 points out that the guidance in the Settlements, Curtailments, and Certain Termination Benefits Subsections of this Subtopic on settlements and curtailments is affected by whether there is a successor pension plan. If an employer terminates a pension plan and establishes a successor pension plan that provides additional but reduced pension benefits for all years of employees' future service, a curtailment does not occur. If the successor pension plan provides incremental but reduced pension benefits for all years of employees' future service, the substance of the transactions is to maintain the same pension plan but with reduced pension benefits. Accordingly, the reduction in pension benefits is accounted for as a negative pension plan amendment. See the guidance in paragraph 715-30-55-54 related to a negative retroactive plan amendment. In this situation, pension benefits are reduced but not eliminated since employees continue to accrue pension benefits for all years of future service.
","snippet":"Paragraph 715-30-55-130 points out that the guidance in the Settlements, Curtailments, and Certain Termination Benefits Subsections of this Subtopic on settlements and curtailments is affected by whether there is a succe…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1ad6be0639f59181c70cc2d803b73db41fd50ca74625cfcf05b9cc74f3a6f932","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-174","para":"55-174","html":"
A curtailment can occur if a pension plan is terminated and replaced by a successor pension plan under certain conditions. A curtailment occurs if the successor pension plan eliminates for a significant number of employees the accrual of defined pension benefits for some or all of their future services. Two examples follow:
  1. a
    A successor pension plan that covers only half of the employees previously covered by the terminated pension plan. The reference to half of the employees in this example is for illustrative purposes only and is not intended to be indicative of the minimum coverage necessary to qualify a pension plan as a successor pension plan. See paragraph 715-30-55-130.
  2. b
    A successor pension plan that does not provide for the accrual of additional defined pension benefits for certain years of future services. To illustrate this situation, assume a pension plan provides a flat benefit of $1,500 per year of service. At the end of 20X0, the employer terminates that pension plan and establishes a successor pension plan that provides a flat benefit of $1,000 per year for all years of service, including service under the terminated pension plan. Pension benefits earned under the successor pension plan are reduced by the pension benefits earned under the terminated pension plan. At the end of 20X0, Employee A with 5 years of service has an accumulated pension benefit of $7,500 per year under the terminated pension plan ($1,500 x 5 years of service). For years 20X1, 20X2, and the first half of 20X3, Employee A will accrue no additional pension benefits. The accrual of additional pension benefits will commence in the second half of 20X3. If a significant number of employees will not accrue additional pension benefits for some or all of their future services (as is the situation for Employee A), a curtailment occurs.
","snippet":"A curtailment can occur if a pension plan is terminated and replaced by a successor pension plan under certain conditions. A curtailment occurs if the successor pension plan eliminates for a significant number of employe…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:bf41629feff3d6c7ad6ddcf32739b9b6bc66e02d130069c1a75818f9e812d4aa","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-175","para":"55-175","html":"
An employer is permitted to amortize prior service cost on a straight-line basis over the average remaining service period of employees expected to receive the related pension benefits under the guidance in paragraph 715-30-35-13 in order to reduce the complexity and detail of the computations that would otherwise be required by the guidance in paragraph 715-30-35-11.
","snippet":"An employer is permitted to amortize prior service cost on a straight-line basis over the average remaining service period of employees expected to receive the related pension benefits under the guidance in paragraph 715…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9408411b972866b3d5c25570abf00b1f347005baa692e6ff12f9ca0e997e18b3","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-176","para":"55-176","html":"
Paragraph 715-30-35-92 specifies that the prior service cost included in accumulated other comprehensive income associated with years of service no longer expected to be rendered as a result of a curtailment is a loss. Even if the employer uses an amortization method permitted by paragraph 715-30-35-13 (such as straight-line amortization over average remaining service period, as described in the preceding paragraph) rather than the approach described in paragraph 715-30-35-11, the basic approach in paragraph 715-30-35-92 should be retained. In that situation, the ability to associate prior service cost included in accumulated other comprehensive income with years of service no longer expected to be rendered is more difficult and the result may be less precise. Use of the percentage reduction of years of service after the curtailment may be necessary. For example, if the future years of service determined as of the immediately preceding measurement date for those employees covered under a prior pension plan amendment are reduced by 50 percent due to a curtailment, the employer would recognize in earnings 50 percent of the prior service cost included in accumulated other comprehensive income.
","snippet":"Paragraph 715-30-35-92 specifies that the prior service cost included in accumulated other comprehensive income associated with years of service no longer expected to be rendered as a result of a curtailment is a loss. E…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:25cfc8aaae6a361aea28706293adfc469ed18b7ef1841bc4ca30c23fafe26294","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-177","para":"55-177","html":"
A curtailment may occur because an employer terminates or suspends a pension plan, so that employees do not earn additional pension benefits for future service, but the employees continue to work for the employer. In such a situation, any prior service cost included in accumulated other comprehensive income associated with the employees affected by the pension plan termination or suspension shall be included in determining the net gain or loss to be recognized for the curtailment.
","snippet":"A curtailment may occur because an employer terminates or suspends a pension plan, so that employees do not earn additional pension benefits for future service, but the employees continue to work for the employer. In suc…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f3c3e771abb448a9aa6cb582302715858e8aee9ab2cd640aa69058a4308607dc","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-178","para":"55-178","html":"
One reason that this Subtopic provides for delayed recognition in net periodic pension cost of prior service cost is the likelihood of future economic benefits to the employer as a result of a retroactive pension plan amendment. Those pension benefits are associated with the future services of those employees at the date of the pension plan amendment who are expected to receive pension benefits under the pension plan. Because a pension plan termination (or suspension) eliminates the accrual of pension benefits for all (or some) of those future services, it raises sufficient doubt about the continued existence of the future economic benefits of the retroactive pension plan amendment to justify recognition in earnings of any prior service cost included in accumulated other comprehensive income. Further, upon termination of a pension plan without the establishment of a successor pension plan, all remaining items included in accumulated other comprehensive income are recognized in earnings.
","snippet":"One reason that this Subtopic provides for delayed recognition in net periodic pension cost of prior service cost is the likelihood of future economic benefits to the employer as a result of a retroactive pension plan am…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2dcca70db7e0e373c73c767876d50c171af71ca79218dc6cd7b83446a5f2df58","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-179","para":"55-179","html":"
Paragraph 715-30-55-171 provides that a curtailment may result even if a layoff or suspension of benefits is temporary. If a curtailment is due to a pension plan suspension that may be only temporary, for example, the pension plan suspension will end as soon as the employer's financial condition sufficiently improves, the net gain or loss from the curtailment shall be determined based on the probable duration of the pension plan suspension. If that duration is a range of years and no single period in that range is a better estimate than any other period, then the determination shall be based on the estimate of duration within that range that results in the minimum net gain or loss from the curtailment.
","snippet":"Paragraph 715-30-55-171 provides that a curtailment may result even if a layoff or suspension of benefits is temporary. If a curtailment is due to a pension plan suspension that may be only temporary, for example, the pe…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:cfc866253537c5c4affeccaeb3467dee13d453e5e1a69f2150ef5931b63fdc5c","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-180","para":"55-180","html":"
There may be a balance remaining of the transition asset or obligation included in accumulated other comprehensive income after the employer accounts for a curtailment as required by the Settlements, Curtailments, and Certain Termination Benefits Subsections of this Subtopic. If a curtailment occurs causing almost all of the pension plan's participants to become permanently inactive, the employer shall continue to amortize any transition asset or obligation remaining in accumulated other comprehensive income using the remainder of the amortization period determined at transition.
","snippet":"There may be a balance remaining of the transition asset or obligation included in accumulated other comprehensive income after the employer accounts for a curtailment as required by the Settlements, Curtailments, and Ce…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:49a64e4bbadf5206ee6aaecc3a5bb6918984cfec3c60fa68a9856df65bc7aa2d","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-181","para":"55-181","html":"
Paragraph 715-30-35-93 describes the determination of any curtailment gain or loss, including the effect of certain amounts in accumulated comprehensive income. It is possible that both a transition asset remains in accumulated other comprehensive income and a larger (smaller) net loss included in accumulated other comprehensive income exists at the date of a curtailment that decreases (increases) the projected benefit obligation. However, the intent of that paragraph is not to provide a mechanism for offsetting a net loss included in accumulated other comprehensive income against any transition asset remaining in accumulated other comprehensive income or increasing a net loss included in accumulated other comprehensive income. Therefore, the decrease (increase) in the projected benefit obligation that is not recognized as a curtailment gain (loss) shall be offset against the net loss included in accumulated other comprehensive income (transition asset remaining in accumulated other comprehensive income). There shall be no further offsetting. See Example 4 (paragraph 715-30-55-216) for an illustration of this guidance.
","snippet":"Paragraph 715-30-35-93 describes the determination of any curtailment gain or loss, including the effect of certain amounts in accumulated comprehensive income. It is possible that both a transition asset remains in accu…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:5bf1ebfe2eb28133476ca893c6d75f1e93306d790b4a4756dc73f952315797c0","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-182","para":"55-182","html":"
If both a transition asset remaining in accumulated other comprehensive income and a net gain included in accumulated other comprehensive income exist at the date of a curtailment that increases the projected benefit obligation, the effects of the curtailment shall be offset using any one of the following three approaches, provided it is applied consistently from year to year. However, for the reason noted in paragraph 715-30-55-208 on settlement accounting, the recommended approach is to offset both on a pro rata basis (alternative [c]). The three approaches for offsetting the curtailment are as follows:
  1. a
    Initially against the transition asset remaining in accumulated other comprehensive income
  2. b
    Initially against the net gain included in accumulated other comprehensive income
  3. c
    Against both on a pro rata basis.
","snippet":"If both a transition asset remaining in accumulated other comprehensive income and a net gain included in accumulated other comprehensive income exist at the date of a curtailment that increases the projected benefit obl…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:5bbc43531ee6c9365f5de91552872ad57615476bcf67786e352b6e6c5b48fb63","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-183","para":"55-183","html":"
An employer may adopt a plan to terminate employees that will significantly reduce the expected years of future service of present employees covered by a pension plan and the sum of the effects of the resulting curtailment identified in paragraphs
715-30-35-92 through 35-93
may be expected to be a net gain. In this situation, the net gain from the curtailment shall be measured and recognized when the related employees terminate.
","snippet":"An employer may adopt a plan to terminate employees that will significantly reduce the expected years of future service of present employees covered by a pension plan and the sum of the effects of the resulting curtailme…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:66f4aa3fd49947170f135d0d3682bffcb821cb2cf037ad191adaac05f2ee1e7c","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-184","para":"55-184","html":"
If an employer amends its pension plan to provide for its termination or suspension and thereby eliminates for a significant number of employees the accrual of all or some of the pension benefits for their future services after a subsequent date (that is, the effective date of the pension plan termination or suspension is after the amendment date) and the sum of the effects of the resulting curtailment identified in paragraphs
715-30-35-92 through 35-93
is a net gain, that gain shall not be recognized in earnings when the pension plan termination or suspension is effective, but rather the net gain from the curtailment should be measured and recognized in earnings when the employer amends its pension plan.
","snippet":"If an employer amends its pension plan to provide for its termination or suspension and thereby eliminates for a significant number of employees the accrual of all or some of the pension benefits for their future service…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:55e03901fa51c22738cdf402b04b70b6d8061afb9fd8110b4c813ccba04e8598","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-185","para":"55-185","html":"
Paragraphs
715-30-25-9 through 25-13
provide general guidance on special termination benefits and contractual termination benefits.
","snippet":"Paragraphs 715-30-25-9 through 25-13 provide general guidance on special termination benefits and contractual termination benefits.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:71c295fabedb572a62701f462de15e47b548ad9bc7e7f8c55ec31fd82298a2a5","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-186","para":"55-186","html":"
An employer that offers, for a short period of time, special termination benefits to employees, shall not recognize a loss at the date the offer is made based on the estimated acceptance rate. Paragraph 715-30-25-10 requires offers of special termination benefits to be recognized when the employees accept the offer and the amount can be reasonably estimated.
","snippet":"An employer that offers, for a short period of time, special termination benefits to employees, shall not recognize a loss at the date the offer is made based on the estimated acceptance rate. Paragraph 715-30-25-10 requ…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f6136fe112896253a2b7faa638d0215c71acd385ec46f801d961610120f32981","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-187","para":"55-187","html":"
An employer may offer special termination benefits that result in a curtailment. It is possible that the offer of termination benefits could be recognized in a reporting period different from the period in which the curtailment is recognized because a net loss from a curtailment (as defined in paragraph 715-30-35-94) is recognized when it is probable that a curtailment will occur and the effects are reasonably estimable, while as indicated in paragraph 715-30-25-10, the cost of special termination benefits is not recognized until employees accept the offer and the amount can be reasonably estimated.
","snippet":"An employer may offer special termination benefits that result in a curtailment. It is possible that the offer of termination benefits could be recognized in a reporting period different from the period in which the curt…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:dfed9039a49fee82fb528fbd3491c1bbd17b8ae213168b686e50ce8444b98eb9","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-188","para":"55-188","html":"
An employer may sponsor a pension plan that provides supplemental early retirement benefits. Such pension benefits shall not be accounted for as contractual termination benefits, rather, supplemental early retirement benefits shall be accounted for as part of net periodic pension cost pursuant to the attribution approach described in paragraphs
715-30-35-36 through 35-38
.
","snippet":"An employer may sponsor a pension plan that provides supplemental early retirement benefits. Such pension benefits shall not be accounted for as contractual termination benefits, rather, supplemental early retirement ben…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:6b4b9010070dd57d0211dd695226181d3521118c0450cec84c29084c3b12daa6","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-189","para":"55-189","html":"
Plans providing termination indemnities that are associated with preretirement termination of employment shall be assessed on a case-by-case basis. If benefits are paid only for involuntary termination of employment due to the occurrence of a specific event, they qualify as contractual termination benefits, and a liability and a loss shall be recognized when it is probable that employees will receive benefits and the amount can be reasonably estimated. However, if a plan is, in substance, a pension plan (for example, if benefits are paid for virtually all terminations), the plan is subject to the provisions of the General Subsections of this Subtopic. See paragraphs 420-10-55-1 and 420-10-55-16 for additional guidance in making this determination. However, if payment of the benefits results directly from a sale or disposal of a component of an entity, the cost of those benefits shall be recorded and recognized pursuant to paragraph 205-20-45-3.
","snippet":"Plans providing termination indemnities that are associated with preretirement termination of employment shall be assessed on a case-by-case basis. If benefits are paid only for involuntary termination of employment due …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a446c8374b9027a630bfef4ec4977bf9308323bccc8a3fbf9fdc452e92aaadad","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-190","para":"55-190","html":"
In connection with terminating its pension plan, an employer may settle the pension benefit obligation and withdraw excess plan assets and then contribute and allocate those assets to participants' accounts in a new defined contribution pension plan. In this situation, an employer shall not combine any net gain or loss from the settlement and curtailment of the terminated plan with the net periodic pension cost from the contribution to the defined contribution pension plan and thereby report both on a net basis for purposes of classification in the income statement or disclosure in accompanying notes to financial statements. Because the following two separate events have occurred that require separate accounting recognition, netting the results of the separate events is inappropriate:
  1. a
    A pension plan termination resulting in recognition in earnings of all net pension amounts included in accumulated other comprehensive income
  2. b
    A contribution of assets to a defined contribution pension plan resulting in recognition of net periodic pension cost equal to the amount contributed and allocated.
","snippet":"In connection with terminating its pension plan, an employer may settle the pension benefit obligation and withdraw excess plan assets and then contribute and allocate those assets to participants' accounts in a new defi…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:aaaaa68f59b6a830b2d3f06fd50819b1a121de394b40e253dc53e13d22b7294b","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-191","para":"55-191","html":"
Paragraph superseded by Accounting Standards Update No. 2015-01.
","snippet":"Paragraph superseded by Accounting Standards Update No. 2015-01.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:611889f34ca8864cb037f59019dca2393b9e9221c77c7fe8159cb967ff35c0b2","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-192","para":"55-192","html":"
Paragraph superseded by Accounting Standards Update No. 2015-01.
","snippet":"Paragraph superseded by Accounting Standards Update No. 2015-01.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e2b10fe55a3fbf58b1a348f0756fa7bc62bf45d30942d3d67e94f9abc450db15","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-193","para":"55-193","html":"
An employer may sell a component of an entity and may settle a pension benefit obligation related to the employees affected by the sale. The separate classification of the settlement gain or loss, recognized pursuant to paragraphs
715-30-35-79 through 35-83
, in discontinued operations requires an evaluation of the facts and circumstances.
","snippet":"An employer may sell a component of an entity and may settle a pension benefit obligation related to the employees affected by the sale. The separate classification of the settlement gain or loss, recognized pursuant to …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f9fe53edd8926c1c1a5615342445ca768a84dab5bda9ed2c2cdfda27c54746c3","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-194","para":"55-194","html":"
Paragraph 205-20-45-5(c) indicates that a settlement is directly related to the disposal transaction if there is a demonstrated cause-and-effect relationship and the settlement occurs no later than one year following the disposal transactions, unless it is delayed by events or circumstances beyond an entity's control. In a disposal of a component of an entity, the timing of a settlement may be at the discretion of the employer. If the employer simply chooses to settle a pension benefit obligation at the time of the sale, the resulting coincidence of events is not, in and of itself, an indication of a cause-and-effect relationship and, therefore, paragraphs
715-30-35-79 through 35-83
apply. However, a direct cause-and-effect relationship can be demonstrated if, for example, settlement of a pension benefit obligation for those employees affected by the sale is a necessary condition of the sale.
","snippet":"Paragraph 205-20-45-5(c) indicates that a settlement is directly related to the disposal transaction if there is a demonstrated cause-and-effect relationship and the settlement occurs no later than one year following the…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a26c5381a4708d84069716be3b3e4bf0d2bcf9ef49fc92d67d14baa8fbb2432f","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-195","para":"55-195","html":"
A settlement or a curtailment may occur as a direct result of a disposal of a component of an entity or a business or nonprofit activity. Paragraph 715-30-35-94 requires that a curtailment loss be recognized in earnings when it is probable that the curtailment will occur and related amounts are reasonably estimable. Therefore, although a reporting entity may not have satisfied all the criteria in paragraphs
205-20-45-1A through 45-1D
necessary to classify the operations of the component or business or nonprofit activity as discontinued operations, a curtailment loss (determined in accordance with paragraphs
715-30-35-92 through 35-93
) shall be recognized if it is probable that the disposal will occur and the amount of the curtailment loss is reasonably estimable. Furthermore, paragraph 715-30-35-94 requires that a curtailment gain be recognized in earnings when the related employees terminate or the plan suspension or amendment is adopted. The curtailment gain or loss shall be classified in income from continuing operations until the reporting entity satisfies those criteria in paragraphs
205-20-45-1A through 45-1D
for reporting discontinued operations.
","snippet":"A settlement or a curtailment may occur as a direct result of a disposal of a component of an entity or a business or nonprofit activity. Paragraph 715-30-35-94 requires that a curtailment loss be recognized in earnings …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:af484e5978ac2b32f6364c9be7bc7e5ed5c4b1d7d6a2477ffab52b436300f00c","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-196","para":"55-196","html":"
A settlement gain or loss is recognized in earnings at the time that the settlement occurs. If a pension obligation associated with the disposal group is settled upon or after meeting the criteria for reporting discontinued operations in paragraphs
205-20-45-1A through 45-1D
, the related gain or loss (determined in accordance with paragraph 715-30-35-79) shall be recognized in earnings in the period in which the settlement occurs and classified in discontinued operations provided that the settlement is directly related to the disposal transaction.
","snippet":"A settlement gain or loss is recognized in earnings at the time that the settlement occurs. If a pension obligation associated with the disposal group is settled upon or after meeting the criteria for reporting discontin…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:cff2583d1ab54fb4989f556b8f994059ed9189eb5e916bb271dce9a660b2a50b","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-197","para":"55-197","html":"
If a curtailment loss results from the disposal of a component of an entity, it is likely that the curtailment loss will be recognized earlier than the settlement gain or loss, if any, is recognized. As indicated in paragraph 715-30-55-195, the curtailment loss, if reasonably estimable, shall be recognized when the disposal is probable. The settlement gain or loss, if any, however, shall be recognized when the settlement occurs. See Example 9, Case A (paragraph 715-30-55-247) for an illustration in which the curtailment loss is recognized earlier than the settlement gain. See also Example 9, Case B (paragraph 715-30-55-250), which demonstrates the less likely scenario in which the effects of the curtailment and the settlement are recognized in the same reporting period.
","snippet":"If a curtailment loss results from the disposal of a component of an entity, it is likely that the curtailment loss will be recognized earlier than the settlement gain or loss, if any, is recognized. As indicated in para…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:651f80ac17d2ffad4c78fbec4b389b7734fdd064049f275b9a3cfc24cf484639","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:64a980c3be17af70f75fb55c6cf0e120129369b6097c3e6fa1a23ac1980381f5","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"block":"Settlements, Curtailments, and Certain Termination Benefits","heading":"Illustrations","paragraphs":[{"citation":"715-30-55-198","para":"55-198","html":"
This Example illustrates the guidance in paragraph 715-30-35-78 relating to accounting for a plan termination without a replacement defined benefit plan.
","snippet":"This Example illustrates the guidance in paragraph 715-30-35-78 relating to accounting for a plan termination without a replacement defined benefit plan.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2b498d93d4fe620f80d29608ee0b8d42fd67528b83df5569a4f38fe65734b183","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-199","para":"55-199","html":"
In this Example, it is assumed that Entity A sponsored a final-pay noncontributory defined benefit plan. On November 16, 20X0, the employer terminated the plan, settled the accumulated benefit obligation of $1,500,000 (nonvested benefits became vested upon termination of the plan) by purchasing nonparticipating annuity contracts, and withdrew excess assets. Defined benefits were not provided under any successor plan. The plan ceased to exist as an entity.
","snippet":"In this Example, it is assumed that Entity A sponsored a final-pay noncontributory defined benefit plan. On November 16, 20X0, the employer terminated the plan, settled the accumulated benefit obligation of $1,500,000 (n…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:68afc4968069ab08925ff41702a87cd9f591438efa1f64f117f3d6f112abfaa6","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-200","para":"55-200","html":"
As a result, Entity A recognized a gain of $900,000 in earnings, determined as follows.
","snippet":"As a result, Entity A recognized a gain of $900,000 in earnings, determined as follows.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:848ddd9dc3e5ec079ce0dc1415e8239ba8932ef8ebfa89f6ed128c4412679b09","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-201","para":"55-201","html":"
Paragraph 715-30-35-81 requires that plan assets and the projected benefit obligation be measured as of the date the settlement occurs. The amount of the accumulated benefit obligation settled and the amount of plan assets used to purchase nonparticipating annuity contracts are equal in this, and certain other settlement-related Examples in this Subsection. It is not appropriate to conclude that no gains or losses occurred when the projected benefit obligation and the plan assets were measured as of the date of the settlement. The columns representing amounts before the transactions in the Examples reflect the plan assets and the projected benefit obligation as of the date of the settlement and include any gains or losses that arose from the measurements as of that date.
","snippet":"Paragraph 715-30-35-81 requires that plan assets and the projected benefit obligation be measured as of the date the settlement occurs. The amount of the accumulated benefit obligation settled and the amount of plan asse…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0b1a81eb8b9eecfd64dec27ec587fc70e82b834c8f58092c592919a498695b88","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-202","para":"55-202","html":"
This Example illustrates the accounting for a settlement of a pension obligation in three specific situations following the settlement-related guidance in the Settlements, Curtailments, and Certain Termination Benefits Subsection of Section 715-30-35. The following Cases illustrate situations in which:
  1. a
    The projected benefit obligation exceeds plan assets (Case A).
  2. b
    Plan assets exceed the projected benefit obligation (Case B).
  3. c
    Plan assets exceed the projected benefit obligation and a participating annuity contract is purchased to settle benefits (Case C).
","snippet":"This Example illustrates the accounting for a settlement of a pension obligation in three specific situations following the settlement-related guidance in the Settlements, Curtailments, and Certain Termination Benefits S…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3bdd4c12286f6479c44013bea51ebd8d2e4c3b534bac552dede8e441cbe92fb7","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-203","para":"55-203","html":"
In each Case, the entity settled a portion of the obligation after transition to the requirements of this Subtopic. The Cases differ based on whether they had a retroactive plan amendment after transition or not and whether they had a transition asset or a transition obligation remaining in accumulated other comprehensive income.
","snippet":"In each Case, the entity settled a portion of the obligation after transition to the requirements of this Subtopic. The Cases differ based on whether they had a retroactive plan amendment after transition or not and whet…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:76f3bacace838cef7bad40f487ce95943a28fe26decce1f1880039b10bf7376a","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-204","para":"55-204","html":"
This Case illustrates the settlement of a pension obligation for a situation in which the projected benefit obligation exceeds plan assets. In this Case, Entity A had a retroactive plan amendment after the transition to the requirements of this Subtopic and also had a transition obligation remaining in accumulated other comprehensive income.
","snippet":"This Case illustrates the settlement of a pension obligation for a situation in which the projected benefit obligation exceeds plan assets. In this Case, Entity A had a retroactive plan amendment after the transition to …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:985eebffdfb2b941bc21075280eba18f91665a72e4fb3860a58970a3c7c65442","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-205","para":"55-205","html":"
Entity A sponsors a final-pay noncontributory defined benefit plan. On December 31, 20X0, the plan settled the vested benefit portion ($1,300,000) of the projected benefit obligation through the purchase of nonparticipating annuity contracts. As a result, Entity A recognized a gain of $195,000 in earnings, determined as follows.
","snippet":"Entity A sponsors a final-pay noncontributory defined benefit plan. On December 31, 20X0, the plan settled the vested benefit portion ($1,300,000) of the projected benefit obligation through the purchase of nonparticipat…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:32437b457802c849a427e9397ba4f993c79739a653bc780e3ab765254c85afb2","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-206","para":"55-206","html":"
This Case illustrates the settlement of a pension obligation for a situation in which the plan assets exceed the projected benefit obligation. In this Case, Entity B did not have a retroactive plan amendment after the transition to the requirements of this Subtopic but did have a transition asset remaining in accumulated other comprehensive income.
","snippet":"This Case illustrates the settlement of a pension obligation for a situation in which the plan assets exceed the projected benefit obligation. In this Case, Entity B did not have a retroactive plan amendment after the tr…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:dc90bda669679242d888025bc91bc6b7a6ec8da931d0212a6a001c44ac5c5eac","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-207","para":"55-207","html":"
Entity B sponsors a final-pay noncontributory defined benefit plan. On December 31, 20X0, the plan settled the vested benefit portion ($1,300,000) of the projected benefit obligation through the purchase of nonparticipating annuity contracts. As a result, Entity B recognized a gain of $325,000 in earnings determined as follows.
","snippet":"Entity B sponsors a final-pay noncontributory defined benefit plan. On December 31, 20X0, the plan settled the vested benefit portion ($1,300,000) of the projected benefit obligation through the purchase of nonparticipat…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:03386a75a0c67872e7da57a3ff3b44fcb3b8a0253e9c23fe20426e1c6847f7cc","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-208","para":"55-208","html":"
This Case and Case C allocate an amount equal to the settlement gain on a pro rata basis to the transition asset remaining in accumulated other comprehensive income and the net gain included in accumulated other comprehensive income. This is not the only method of allocation permitted under those circumstances by the Settlements, Curtailments, and Certain Termination Benefits Subsections of this Subtopic. An amount equal to the settlement gain could be allocated initially to the transition asset remaining in accumulated other comprehensive income or the net gain included in accumulated other comprehensive income, provided the approach selected is applied consistently from year to year. However, because the allocation method can affect the determination of subsequent periods' net periodic pension cost, allocation on a pro rata basis is recommended because it is an unbiased approach.
","snippet":"This Case and Case C allocate an amount equal to the settlement gain on a pro rata basis to the transition asset remaining in accumulated other comprehensive income and the net gain included in accumulated other comprehe…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:7822244d7478e7914a2bbbc8b0266fac9254df8095bd9ec877a6acb61e612a8a","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-209","para":"55-209","html":"
This Case illustrates the settlement of a pension obligation for a situation in which the plan assets exceed the projected benefit obligation and a participating annuity contract is purchased to settle benefits. In this Case, Entity C did not have a retroactive plan amendment after the transition to the requirements of this Subtopic but did have a transition asset remaining in accumulated other comprehensive income. This Case illustrates the guidance in paragraph 715-30-35-79 relating to accounting for the cost of a participation right if the purchase of a participating annuity constitutes a settlement.
","snippet":"This Case illustrates the settlement of a pension obligation for a situation in which the plan assets exceed the projected benefit obligation and a participating annuity contract is purchased to settle benefits. In this …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ec8c0ebe84ac79e654f9aa563d8e0840639f6d8374d5fc70c1c0fd1a25fcf6ad","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-210","para":"55-210","html":"
Entity C sponsors a final-pay noncontributory defined benefit plan. On December 31, 20X0, the plan settled the vested benefit portion ($1,300,000) of the projected benefit obligation through the purchase of a participating annuity contract at a cost of $1,430,000. The plan could have purchased a nonparticipating contract covering the same benefits for $1,300,000. The participation features of the contract warranted a conclusion that its purchase constituted a settlement. See paragraph 715-30-55-157 for a discussion of this conclusion about the participation features. As a result, Entity C recognized a gain of $240,000, (rounded) in earnings, determined as follows.
","snippet":"Entity C sponsors a final-pay noncontributory defined benefit plan. On December 31, 20X0, the plan settled the vested benefit portion ($1,300,000) of the projected benefit obligation through the purchase of a participati…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:17806922cd29a996b1869937b90749901328653364bc801f74452ad2a5fa0997","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-211","para":"55-211","html":"
See paragraph 715-30-55-208 for a discussion of the permitted methods for allocating settlement gain amounts.
","snippet":"See paragraph 715-30-55-208 for a discussion of the permitted methods for allocating settlement gain amounts.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:71bed46b467c7e8eae7092faa9b12b4f8ab82d3b88957b4f781b2129a8320c56","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-212","para":"55-212","html":"
This Example illustrates the calculation of prior service cost associated with the services of terminated employees that would be used to apply the guidance in paragraph 715-30-35-92.
","snippet":"This Example illustrates the calculation of prior service cost associated with the services of terminated employees that would be used to apply the guidance in paragraph 715-30-35-92.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:574dbae63f5976333c57f9b396c9bb52f70f49dcafe1766a68af625bf4bcbb78","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-213","para":"55-213","html":"
Entity A sponsors a final-pay noncontributory defined benefit plan. On January 1, 20X0, the entity had a retroactive plan amendment resulting in prior service cost of $800,000. The prior service cost included in accumulated other comprehensive income that results from the plan amendment is amortized based on the expected future years of service of participants active as of January 1, 20X0, who are expected to receive benefits under the plan. As of January 1, 20X0, the entity had 100 employees who were expected to receive benefits under the plan. Based on the assumption that 5 percent of that group (5 employees) leaves (either quits or retires) in each of the next 20 years, the expected future years of service amounted to 1,050.
","snippet":"Entity A sponsors a final-pay noncontributory defined benefit plan. On January 1, 20X0, the entity had a retroactive plan amendment resulting in prior service cost of $800,000. The prior service cost included in accumula…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:72dcdba696093d0bfd583fbd6fd62060993a744e13b2eb6928e257af1ea17093","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-214","para":"55-214","html":"
The amount of prior service cost associated with each expected future year of service is $762 ($800,000 ÷ 1,050). The following table illustrates the originally expected expiration of the anticipated service years.
","snippet":"The amount of prior service cost associated with each expected future year of service is $762 ($800,000 ÷ 1,050). The following table illustrates the originally expected expiration of the anticipated service years.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f86a2fbf06e0cbe11bd7d758c3b2c5106711a6760a20c7fae57e5aeeb8cef8a6","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-215","para":"55-215","html":"
On December 31, 20X2, Entity A terminated 25 employees active at the date of the plan amendment. Immediately before the curtailment, 765 expected future years of service remained (1,050 less 285 years of service rendered in the previous 3 years). The curtailment reduced the total expected future years of service at December 31, 20X2, from 765 to 555 (210) as illustrated in the following table. Therefore, Entity A will recognize $160,020 ($762 × 210) of prior service cost in earnings in conjunction with the curtailment.
","snippet":"On December 31, 20X2, Entity A terminated 25 employees active at the date of the plan amendment. Immediately before the curtailment, 765 expected future years of service remained (1,050 less 285 years of service rendered…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:38f1b51c752405eeeb1f66a8e167cd2e181944d220c5c9d88a97cc0bb646eb24","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-216","para":"55-216","html":"
This Example illustrates the guidance in paragraphs
715-30-35-93 through 35-94
relating to the effects on a curtailment if there is a transition asset remaining in accumulated other comprehensive income at the date of the curtailment. The following Cases present situations where there is also a net loss included in accumulated other comprehensive income at the time of the curtailment:
  1. a
    Transition asset remaining in accumulated other comprehensive income is less than net loss included in accumulated other comprehensive income (Case A).
  2. b
    Transition asset remaining in accumulated other comprehensive income exceeds net loss included in accumulated other comprehensive income (Case B).
","snippet":"This Example illustrates the guidance in paragraphs 715-30-35-93 through 35-94 relating to the effects on a curtailment if there is a transition asset remaining in accumulated other comprehensive income at the date of th…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:bb701dc52bfc57af6bfc6371f0b29328e330929979b0f1081e79cfabc0a0e9d9","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-217","para":"55-217","html":"
Cases A and B share the following assumptions. An employer has a transition asset remaining in accumulated other comprehensive income. On July 1, 20X0, the employer decides to terminate a significant number of employees as part of a plan to reduce its operations. The effects of the terminations are reasonably estimable at that date. The termination of employees occurs on August 29, 20X0.
","snippet":"Cases A and B share the following assumptions. An employer has a transition asset remaining in accumulated other comprehensive income. On July 1, 20X0, the employer decides to terminate a significant number of employees …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:09ebb9f88f54b7adb417395120bf0acf05c7000ebb1c73dfc100891d6f82c6b8","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-218","para":"55-218","html":"
This Case demonstrates the paragraph 715-30-35-94 guidance that requires that, if the sum of the effects resulting from a curtailment is a net gain, that gain be recognized in earnings when the related employees terminate (August 29, 20X0) and be based on plan assets and the projected benefit obligation measured as of that date.
","snippet":"This Case demonstrates the paragraph 715-30-35-94 guidance that requires that, if the sum of the effects resulting from a curtailment is a net gain, that gain be recognized in earnings when the related employees terminat…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:992d4af7f6a5b03894daade179c03aba73938d9a114cae645f345e64d93df4d2","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-219","para":"55-219","html":"
In this Case, the transition asset remaining in accumulated other comprehensive income is less than the net loss included in accumulated other comprehensive income. The projected benefit obligation based on future compensation levels and the nonvested accumulated benefit obligation related to the terminated employees decrease by $90,000 and $20,000, respectively. The curtailment is accounted for as of August 29, 20X0, as follows (in thousands).
","snippet":"In this Case, the transition asset remaining in accumulated other comprehensive income is less than the net loss included in accumulated other comprehensive income. The projected benefit obligation based on future compen…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f85426d40a50ce6816ac1a8b8e3ad382b05f858b7da96c7eb264c8286a7b55f0","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-220","para":"55-220","html":"
This Case demonstrates the paragraph 715-30-35-94 guidance that requires that, if the sum of the effects resulting from a curtailment is a net loss, that loss be recognized in earnings when it is probable that a curtailment will occur and the effects described are reasonably estimable.
","snippet":"This Case demonstrates the paragraph 715-30-35-94 guidance that requires that, if the sum of the effects resulting from a curtailment is a net loss, that loss be recognized in earnings when it is probable that a curtailm…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:61c639013ed570938a93434ebb39c317f2caa704f5268810fcf4ef3236556702","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-221","para":"55-221","html":"
In this Case, the transition asset remaining in accumulated other comprehensive income exceeds the net loss included in accumulated other comprehensive income. The net change in the projected benefit obligation for the terminated employees is an increase of $110,000. There is an increase of $220,000 for supplemental early retirement benefits and a decrease of $110,000 relating to future compensation levels ($90,000) and nonvested accumulated pension benefits ($20,000). As a result, the curtailment is accounted for as of July 1, 20X0, as follows (in thousands).
","snippet":"In this Case, the transition asset remaining in accumulated other comprehensive income exceeds the net loss included in accumulated other comprehensive income. The net change in the projected benefit obligation for the t…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3fee1c8acbad9eccd97d18e9227d457cf4a9e1e9ed115a427d078e2e9e29adc8","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-222","para":"55-222","html":"
This Example illustrates the guidance in paragraph 715-30-35-95 that addresses a curtailment if termination benefits are also involved.
","snippet":"This Example illustrates the guidance in paragraph 715-30-35-95 that addresses a curtailment if termination benefits are also involved.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1622ff0e33543065d37f1b851f1821bdeb5003d37e3f3e3fff41258380e25149","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-223","para":"55-223","html":"
Entity A sponsors a final-pay noncontributory defined benefit plan and has a transition obligation remaining in accumulated other comprehensive income. On May 11, 20X2, the entity offered for a short period of time (until June 30, 20X2) special benefits to its employees in connection with their voluntary termination of employment (special termination benefits). The special termination benefit was a lump-sum payment to be made upon termination, payable in addition to the employee's regular plan benefits. The special termination benefit was paid directly from the employer's assets rather than from the plan assets.
","snippet":"Entity A sponsors a final-pay noncontributory defined benefit plan and has a transition obligation remaining in accumulated other comprehensive income. On May 11, 20X2, the entity offered for a short period of time (unti…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:6ce4723a5a6fa4ef1285c888691842d2fd990be59ac6e52bdccf02ff24034a28","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-224","para":"55-224","html":"
On June 30, 15 percent of the employees accepted the offer. The amount of the special termination benefit payment was $125,000. The portion of the projected benefit obligation based on the expected future compensation levels of the terminated employees amounted to $100,000, and all the employees terminated were fully vested in their accumulated benefits. The portion of the transition obligation remaining in accumulated other comprehensive income associated with the years of service no longer expected from the terminated employees was $150,000. As a result, Entity A recognized a loss of $175,000 in earnings that includes the cost of the special termination benefits and the loss, as determined using the guidance in paragraphs
715-30-35-92 through 35-94
, from the curtailment.
","snippet":"On June 30, 15 percent of the employees accepted the offer. The amount of the special termination benefit payment was $125,000. The portion of the projected benefit obligation based on the expected future compensation le…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:6dedd23c7250f32af3c128d6c6753af64f594aa4da87c1cf8af86b498c811ad2","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-225","para":"55-225","html":"
In this Example, the effects resulting from the curtailment were not reasonably estimable until June 30, 20X2, the acceptance date for the offer of special termination benefits. The loss was determined as follows.
","snippet":"In this Example, the effects resulting from the curtailment were not reasonably estimable until June 30, 20X2, the acceptance date for the offer of special termination benefits. The loss was determined as follows.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:dc91da7c34147921b548aec9b1c6380ce81a4cab1017b516f060e84e7503c487","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-226","para":"55-226","html":"
This Example illustrates the guidance in paragraph 715-30-25-11 relating to the determination of the liability and the losses from employees' acceptance of an offer of special termination benefits and the guidance in paragraph 715-30-35-95 relating to the determination of the change in the projected benefit obligation due to the related curtailment.
","snippet":"This Example illustrates the guidance in paragraph 715-30-25-11 relating to the determination of the liability and the losses from employees' acceptance of an offer of special termination benefits and the guidance in par…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b7a8549b73069f331d7ffb4d599aa11e85d4c714fffb4272cb16a63b6205b3e4","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-227","para":"55-227","html":"
In this Example, an employer's pension plan has a transition obligation remaining in accumulated other comprehensive income, and there are no retroactive pension plan amendments after that date. On May 11, 20X0, the employer offers for a short period of time (until June 13, 20X0) special benefits to its employees in connection with their voluntary termination of employment (special termination benefits). An additional 5 years of service will be credited, and eligibility for early retirement benefits will be granted for employees who are age 50 or older with more than 20 years of service and who elect to retire. Normal early retirement is at age 55. The special termination benefits (increased pension benefits) together with the employee's regular pension benefits will be paid directly from plan assets.
","snippet":"In this Example, an employer's pension plan has a transition obligation remaining in accumulated other comprehensive income, and there are no retroactive pension plan amendments after that date. On May 11, 20X0, the empl…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:249e9871259231b2b19d2903db775965752b0591f8699d3b28c91de34828aed5","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-228","para":"55-228","html":"
On June 13, 20X0, employees representing 15 percent of the work force accept the offer of special termination benefits. For those employees, the actuarial present value of their accumulated pension benefits assuming they terminated at that date without the special termination benefits is $525,000, and the actuarial present value of their accumulated pension benefits with the special termination benefits is $625,000. None of the employees accepting the offer of special termination benefits are otherwise eligible for early retirement benefits under the pension plan.
","snippet":"On June 13, 20X0, employees representing 15 percent of the work force accept the offer of special termination benefits. For those employees, the actuarial present value of their accumulated pension benefits assuming they…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:78250d43f9057047740f408be726f7a3dffd04ff844a4750c84717c5c57ceb13","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-229","para":"55-229","html":"
The portion of the projected benefit obligation based on the future compensation levels of the terminated employees is $80,000, and all terminated employees are fully vested in their accumulated pension benefits. The portion of the transition obligation remaining in accumulated other comprehensive income assigned to the years of service no longer expected from the terminated employees is $150,000.
","snippet":"The portion of the projected benefit obligation based on the future compensation levels of the terminated employees is $80,000, and all terminated employees are fully vested in their accumulated pension benefits. The por…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ea3f82df62cee526350a906686eb6cc772d26769a2f257fd6a993ea278836ff8","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-230","para":"55-230","html":"
Paragraph 715-30-35-94 provides guidance that requires that if the sum of the effects resulting from a curtailment is a net loss, that loss is recognized in earnings when it is probable that a curtailment will occur and the effects described are reasonably estimable. In this Example, the effects resulting from the curtailment are not reasonably estimable until June 13, 20X0, the acceptance date for the offer of special termination benefits. As a result, the employer recognizes as of June 13, 20X0, a loss of $170,000 that includes the cost of the special termination benefits and the net loss from the curtailment determined as follows (in thousands).
","snippet":"Paragraph 715-30-35-94 provides guidance that requires that if the sum of the effects resulting from a curtailment is a net loss, that loss is recognized in earnings when it is probable that a curtailment will occur and …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:49af1102a614663c30dec65b0758bb814258742580f0389891d4abc8a30f5764","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-231","para":"55-231","html":"
This Example illustrates the accounting for a curtailment following the guidance in the Settlements, Curtailments, and Certain Termination Benefits Subsection of Section 715-30-35. Each of the two Cases in this Example represents an entity that sponsors final-pay noncontributory defined benefit plans. The Cases differ based on whether there was a retroactive plan amendment after transition to the accounting required under this Subtopic and whether there was a transition obligation or a transition asset remaining in accumulated other comprehensive income at the date of the curtailment as follows:
  1. a
    Curtailment with a transition obligation and a retroactive plan amendment (Case A)
  2. b
    Curtailment with a transition asset (Case B).
","snippet":"This Example illustrates the accounting for a curtailment following the guidance in the Settlements, Curtailments, and Certain Termination Benefits Subsection of Section 715-30-35. Each of the two Cases in this Example r…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9c5225fab0c83c0d26018697efdb5035677a7113996835f3cb7dfd7cf18b566c","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-232","para":"55-232","html":"
This Case illustrates the accounting for a plan curtailment in which there was a transition obligation remaining in accumulated other comprehensive income at the date of the curtailment and there had been a retroactive plan amendment after Entity A adopted the accounting requirements of this Subtopic. On January 1, 20X0, the entity had a retroactive plan amendment resulting in $800,000 of prior service cost. On December 31, 20X1, the management of Entity A committed itself to a formal plan to dispose of a component of an entity. In connection with the disposal, the number of employees accumulating benefits under the plan would be reduced significantly. The portion of the projected benefit obligation based on the expected future compensation levels of the terminated employees was $90,000, and nonvested benefits of the terminated employees amounted to $20,000. The plan also had a transition obligation remaining in accumulated other comprehensive income that is treated as prior service cost included in accumulated other comprehensive income under the guidance in paragraph 715-30-35-92. The remaining expected future years of service associated with those employees present at the date of transition was reduced by 30 percent due to the termination of employees. Accordingly, 30 percent of the transition obligation remaining in accumulated other comprehensive income at December 31, 20X1, was a loss that amounted to $120,000.
","snippet":"This Case illustrates the accounting for a plan curtailment in which there was a transition obligation remaining in accumulated other comprehensive income at the date of the curtailment and there had been a retroactive p…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d986f5a04b58bf3e35c6e9177b22e31d3bdb989a507a28ef60033bc399921b6e","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-233","para":"55-233","html":"
The prior service cost included in accumulated other comprehensive income (which relates to the plan amendment of January 1, 20X0) associated with the previously expected years of service of the terminated employees that will not be rendered was a loss which amounted to $160,000. The sum of the effects resulting from the plan curtailment was a loss of $170,000 recognized in earnings, determined as follows.
","snippet":"The prior service cost included in accumulated other comprehensive income (which relates to the plan amendment of January 1, 20X0) associated with the previously expected years of service of the terminated employees that…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c82bb7b6a90b92240e37b5e54cbafc34ce99c4551c6c0b6595f29da4e61f664e","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-234","para":"55-234","html":"
This Case illustrates the accounting for a plan curtailment in which there was a transition asset remaining in accumulated other comprehensive income at the date of the curtailment. In this Case, there had not been a retroactive plan amendment after Entity B adopted the accounting requirements of this Subtopic. On July 27, 20X2, the management of Entity B decided to reduce significantly the operations of a line of business products. Although that decision did not result in closing down any facilities, it required the termination of a significant number of employees. The termination of employees took place on November 1, 20X2.
","snippet":"This Case illustrates the accounting for a plan curtailment in which there was a transition asset remaining in accumulated other comprehensive income at the date of the curtailment. In this Case, there had not been a ret…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:47b8219a0c29d10537cb61b2b18ddb4a2b0479331d22cbd7b8718cbaf2cfaab5","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-235","para":"55-235","html":"
The portion of the projected benefit obligation based on expected future compensation levels of the terminated employees was $90,000, and the portion of nonvested benefits related to the terminated employees was $20,000. As a result, Entity B recognized a gain of $110,000 on November 1, 20X2. Following the guidance in paragraphs
715-30-35-92 through 35-95
, Entity B estimated at July 27, 20X2, that a net curtailment gain would result. Accordingly, the gain was recognized on the date employees terminated (November 1, 20X2) and was based on plan assets and obligations measured as of that date. The gain was determined as follows.
","snippet":"The portion of the projected benefit obligation based on expected future compensation levels of the terminated employees was $90,000, and the portion of nonvested benefits related to the terminated employees was $20,000.…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:65e6d196b590ff48d7185ad20ecfa424b225c938d18d3d9b108bc4c4895147fd","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-236","para":"55-236","html":"
This Example illustrates the guidance in paragraph 715-30-55-133. In this Example there is a termination of a pension plan in one period followed by the settlement of the plan in another period. There is no successor pension plan.
","snippet":"This Example illustrates the guidance in paragraph 715-30-55-133. In this Example there is a termination of a pension plan in one period followed by the settlement of the plan in another period. There is no successor pen…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a0d114901c3218e6e9360b7f1e77ed7f822b89c634be435c468e786c89db8da9","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-237","para":"55-237","html":"
On July 20, 20X1, an employer formally amends its pension plan to provide for its termination. Employees cease to accrue additional pension benefits as of November 30, 20X1 (the effective date of the pension plan termination), and pension benefits are not to be provided under a successor pension plan. On January 30, 20X2, upon receipt of the appropriate regulatory approvals for termination of the pension plan, nonparticipating annuity contracts are purchased to settle the accumulated benefit obligation of $1,650,000 as of that date (nonvested pension benefits become vested upon termination of the pension plan), and the employer withdraws excess plan assets. The pension plan ceases to exist.
","snippet":"On July 20, 20X1, an employer formally amends its pension plan to provide for its termination. Employees cease to accrue additional pension benefits as of November 30, 20X1 (the effective date of the pension plan termina…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:92282fb5abd70006662c10cbdd584904e23e216e8e43e136385ad88b56780b57","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-238","para":"55-238","html":"
The portion of the projected benefit obligation at July 20, 20X1, based on future compensation levels beyond November 30, 20X1, is $400,000. As a result, the employer recognizes a curtailment gain of $400,000 as of July 20, 20X1, the date of the pension plan amendment. The employer recognizes a settlement gain of $550,000 as of January 30, 20X2, the date of the settlement. The following two tables indicate the determination of the effects of the curtailment and the settlement. Because the effect of the curtailment is a gain, that gain is recognized pursuant to paragraphs
715-30-35-92 through 35-94
and 715-30-55-184 when the pension plan amendment is adopted (July 20, 20X1) and is based on plan assets and the projected benefit obligation measured as of that date.
","snippet":"The portion of the projected benefit obligation at July 20, 20X1, based on future compensation levels beyond November 30, 20X1, is $400,000. As a result, the employer recognizes a curtailment gain of $400,000 as of July …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8df859c086160cb71b638306970007690f43a64879ea370526ff31eaaa222296","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-239","para":"55-239","html":"
This Example illustrates the guidance in paragraph 715-30-55-197 relating to the accounting for a curtailment and a settlement that occur in connection with a sale of a component of an entity. The following Cases present:
  1. a
    Curtailment and settlement recognized in different interim periods (Case A)
  2. b
    Curtailment and settlement recognized in the same interim period (Case B).
","snippet":"This Example illustrates the guidance in paragraph 715-30-55-197 relating to the accounting for a curtailment and a settlement that occur in connection with a sale of a component of an entity. The following Cases present…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:5a9cf21118ab452af95a8e84389abd2002dffc7eeabcb4d5969fa81472bebbe7","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-240","para":"55-240","html":"
Cases A and B initially share the following assumptions.
","snippet":"Cases A and B initially share the following assumptions.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:4ee691efd14c9646d3fc54994121218cccf4abe0fa8bfa56dc8ff857de84c940","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-241","para":"55-241","html":"
On January 1, 20X1, an employer adopts a retroactive pension plan amendment that results in $800,000 of prior service cost.
","snippet":"On January 1, 20X1, an employer adopts a retroactive pension plan amendment that results in $800,000 of prior service cost.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d7cdc386010ba96a8d36d5bc5cb8cc7563f5a9aa5934c4ed78f7dc7200cc7529","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-242","para":"55-242","html":"
During the second quarter of 20X2, the employer determines that it is probable that it will sell a component of the entity. The employer estimates that the sale will occur by year-end. However, all the criteria in paragraphs
205-20-45-1A through 45-1D
necessary to report discontinued operations are not satisfied during the second quarter. The employer estimates that the prior service cost included in accumulated other comprehensive income related to the pension plan amendment of January 1, 20X1, and associated with the previously expected years of service of the terminated employees that will not be rendered is a loss of $160,000. That estimate needs no revision on December 31, 20X2.
","snippet":"During the second quarter of 20X2, the employer determines that it is probable that it will sell a component of the entity. The employer estimates that the sale will occur by year-end. However, all the criteria in paragr…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:efa1b20d94eb2e66377ffbd7c4910e53971a56001ac972fc0538232b51c1352e","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-243","para":"55-243","html":"
During the third quarter of 20X2, the employer enters into an agreement with a December 31, 20X2, closing date to sell the component. On December 31, 20X2 (disposal date), the employer sells the component at a $100,000 profit before considering the following pension-related effects.
","snippet":"During the third quarter of 20X2, the employer enters into an agreement with a December 31, 20X2, closing date to sell the component. On December 31, 20X2 (disposal date), the employer sells the component at a $100,000 p…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:98707a1da722dec985226345f274742b5efcd5508e66309d95c1eb60d7d4575c","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-244","para":"55-244","html":"
All of the following occur in connection with the sale:
  1. a
    Certain employees cease to be employed by the selling employer, which results in a significant reduction in the number of present employees accumulating pension benefits under the selling employer's pension plan (Plan A).
  2. b
    The terminated employees are hired by the acquiring employer.
  3. c
    The acquiring employer, through its pension plan (Plan B), agrees to assume the accumulated benefit obligation ($200,000) related to the terminated employees.
  4. d
    Plan assets of $250,000 ($200,000 for the settlement of the accumulated benefit obligation and $50,000 as an excess contribution) are transferred from Plan A to Plan B.
","snippet":"All of the following occur in connection with the sale:\n(a) Certain employees cease to be employed by the selling employer, which results in a significant reduction in the number of present employees accumulating pension…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:76ccf2f40346136785c42ec9f1fe126fdf63d5b260629a9e68fb0440bb939ead","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-245","para":"55-245","html":"
The portion of the projected benefit obligation based on future compensation levels of the terminated employees is $75,000.
","snippet":"The portion of the projected benefit obligation based on future compensation levels of the terminated employees is $75,000.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:93692915ef1e79b8d9db54f4affd121b10903c28e3bdfe6b82aa844e33c4381e","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-246","para":"55-246","html":"
The sum of the pension-related effects resulting from the sale is a net loss of $26,000 recognized in earnings as follows.
","snippet":"The sum of the pension-related effects resulting from the sale is a net loss of $26,000 recognized in earnings as follows.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b647b9cf008cd03d189cb5eaf1cc2c5e8942268a9115de055bc804136a0556e8","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-247","para":"55-247","html":"
This Case illustrates the accounting for the curtailment and the settlement in different interim periods.
","snippet":"This Case illustrates the accounting for the curtailment and the settlement in different interim periods.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:35d010059b4ac8b186d2a279b306aea3294f99b11bec3998bfe86977bb7f3b0d","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-248","para":"55-248","html":"
Because the employer determined in the second quarter of 20X2 that it was probable that the component would be sold, the curtailment loss should be recognized in earnings in that quarter. However, because the employer had not satisfied all the criteria in paragraphs
205-20-45-1A through 45-1D
for reporting discontinued operations in that quarter, the curtailment loss would be reclassified to discontinued operations as part of restating the second quarter. Appropriate disclosures should be made regarding the plan curtailment in accordance with Section 715-20-50 on defined benefit plans. The following table presents the determination of the effects of the curtailment.
","snippet":"Because the employer determined in the second quarter of 20X2 that it was probable that the component would be sold, the curtailment loss should be recognized in earnings in that quarter. However, because the employer ha…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e168518e3159a577b06df97455b960ac3a0539f716130aa09206e0c44f7494e0","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-249","para":"55-249","html":"
Because the settlement occurred on December 31, 20X2, the gain from the settlement is recognized in earnings on that date and classified in discontinued operations. Appropriate disclosures should be made regarding the settlement of the pension obligation in accordance with Section 715-20-50. The following table presents the determination of the effects of the settlement.
","snippet":"Because the settlement occurred on December 31, 20X2, the gain from the settlement is recognized in earnings on that date and classified in discontinued operations. Appropriate disclosures should be made regarding the se…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:bd3e50725531aecf9a53df3796d698e2bf89aa2fc4f19c1d6fc0f4f59000ee05","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-250","para":"55-250","html":"
This Case illustrates the accounting for the curtailment and the settlement in the same interim period.
","snippet":"This Case illustrates the accounting for the curtailment and the settlement in the same interim period.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0b5be82538fa5beea787b65413a9ecba0d3c30e46257377d2a587e4621467a42","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-251","para":"55-251","html":"
For this Case, assume the same facts as Case A except that before the fourth quarter of 20X2, the employer did not expect to sell or otherwise dispose of the component of the entity.
","snippet":"For this Case, assume the same facts as Case A except that before the fourth quarter of 20X2, the employer did not expect to sell or otherwise dispose of the component of the entity.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d49114be78bb831378cda56e9fcbf37c6ec72dbb4cf3de6e63a9ebc71d7f3ead","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"citation":"715-30-55-252","para":"55-252","html":"
In this Case the determination of the curtailment loss and the settlement gain is the same as that presented in Case A, Tables 1 through 2 (see paragraphs
715-30-55-248 through 55-249
). However, both the curtailment loss and the settlement gain should be recognized in earnings in the fourth quarter of 20X2 and reported in discontinued operations pursuant to Subtopic 205-20.
","snippet":"In this Case the determination of the curtailment loss and the settlement gain is the same as that presented in Case A, Tables 1 through 2 (see paragraphs 715-30-55-248 through 55-249). However, both the curtailment loss…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b0f18f780e943459a326f9dc5ffec3f3aa525675f7cdf8ea3803661fffea6754","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a170bd78d043bc30aacd509422dbae26740f170ea517bb1cc1500b0779099c88","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:cac4fc1378e8db87314f8a80ea70960921d3741a26f2f54de4578355d2ad9c73","downloaded_from":"2026-09-10T01:00:12.073Z","last_downloaded_at":"2026-09-10T01:00:12.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481067","source_sha256":"7f662d9c925fbe8353f1ce8292cbf69805a3c8027d4b3bba61f8f5805ae87e0b"}},{"number":"60","label":"60 Relationships","anchor":"60-relationships","is_sec":false,"groups":[{"block":null,"heading":"Comprehensive Income","paragraphs":[{"citation":"715-30-60-1","para":"60-1","html":"
For the required display and reporting in comprehensive income of information about gains or losses associated with pension or other postretirement benefits, prior service costs or credits associated with pension or other postretirement benefits, and transition assets or obligations associated with pension or other postretirement benefits, see Subtopic 220-10.
","snippet":"For the required display and reporting in comprehensive income of information about gains or losses associated with pension or other postretirement benefits, prior service costs or credits associated with pension or othe…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:32994ecebebcdcd5cac91954acd97aa780360a381527678642c7a783363ee920","downloaded_from":"2026-09-10T01:00:15.090Z","last_downloaded_at":"2026-09-10T01:00:15.090Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481038","source_sha256":"ed8e19e630bf4ffec5f944b8a2449896cc56b5a80b03876bd56767b0e6350689"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a65c0b6a1be3ecad16c8aea6e3ee25376e9be0771d58eb3d630256606bdc6f11","downloaded_from":"2026-09-10T01:00:15.090Z","last_downloaded_at":"2026-09-10T01:00:15.090Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481038","source_sha256":"ed8e19e630bf4ffec5f944b8a2449896cc56b5a80b03876bd56767b0e6350689"}},{"block":null,"heading":"Inventory","paragraphs":[{"citation":"715-30-60-2","para":"60-2","html":"
For guidance on the capitalization of the service cost component of net periodic pension cost as part of the cost of inventory, see Subtopic 330-10.
","snippet":"For guidance on the capitalization of the service cost component of net periodic pension cost as part of the cost of inventory, see Subtopic 330-10.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:96f5ed18a03f6152bb5788f11c9dc2719102620f097ba3a4d48a3cee623e9c0b","downloaded_from":"2026-09-10T01:00:15.090Z","last_downloaded_at":"2026-09-10T01:00:15.090Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481038","source_sha256":"ed8e19e630bf4ffec5f944b8a2449896cc56b5a80b03876bd56767b0e6350689"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3c6f8118cb934d2a921d87aa5784663b8a2aec6b2de7e7200e4f484f3f3c65b4","downloaded_from":"2026-09-10T01:00:15.090Z","last_downloaded_at":"2026-09-10T01:00:15.090Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481038","source_sha256":"ed8e19e630bf4ffec5f944b8a2449896cc56b5a80b03876bd56767b0e6350689"}},{"block":null,"heading":"Exit or Disposal Cost Obligations","paragraphs":[{"citation":"715-30-60-3","para":"60-3","html":"
For the required accounting associated with one-time termination benefits provided to current employees that are involuntarily terminated under the terms of a one-time benefit arrangement, see Subtopic 420-10.
","snippet":"For the required accounting associated with one-time termination benefits provided to current employees that are involuntarily terminated under the terms of a one-time benefit arrangement, see Subtopic 420-10.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:542eebb4a36b407690bb637452c94d92ea7368228ace587a5a599f1a61ac04b8","downloaded_from":"2026-09-10T01:00:15.090Z","last_downloaded_at":"2026-09-10T01:00:15.090Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481038","source_sha256":"ed8e19e630bf4ffec5f944b8a2449896cc56b5a80b03876bd56767b0e6350689"}},{"citation":"715-30-60-4","para":"60-4","html":"
For guidance on whether additional termination benefits should be considered one-time termination benefits and accounted for under Subtopic 420-10 or be considered an enhancement to an ongoing benefit arrangement and, therefore, subject to the provisions of either this Topic or Subtopic 712-10, see Subtopic 420-10.
","snippet":"For guidance on whether additional termination benefits should be considered one-time termination benefits and accounted for under Subtopic 420-10 or be considered an enhancement to an ongoing benefit arrangement and, th…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:96d09c5917fed88722dcd40795a34f2df2e251dca86f503b44b06fe780c6b563","downloaded_from":"2026-09-10T01:00:15.090Z","last_downloaded_at":"2026-09-10T01:00:15.090Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481038","source_sha256":"ed8e19e630bf4ffec5f944b8a2449896cc56b5a80b03876bd56767b0e6350689"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e82c02e7ecc8bf702290ce5851c3d3548983272ec28e0ba65c3235b04783f48e","downloaded_from":"2026-09-10T01:00:15.090Z","last_downloaded_at":"2026-09-10T01:00:15.090Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481038","source_sha256":"ed8e19e630bf4ffec5f944b8a2449896cc56b5a80b03876bd56767b0e6350689"}},{"block":null,"heading":"Income Taxes","paragraphs":[{"citation":"715-30-60-5","para":"60-5","html":"
For guidance on whether an excise tax incurred by an employer on the withdrawal of excess plan assets from its pension plan should be accounted for as an expense in the period of the withdrawal or as an income tax and deferred if there will be related gains (such as a settlement gain) recognized for financial reporting purposes in subsequent periods, see Subtopic 740-10.
","snippet":"For guidance on whether an excise tax incurred by an employer on the withdrawal of excess plan assets from its pension plan should be accounted for as an expense in the period of the withdrawal or as an income tax and de…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:4ba3db7384f45105683eb7bc05207eaf0e9caa0493db61a85f4c1bfd19afa2e3","downloaded_from":"2026-09-10T01:00:15.090Z","last_downloaded_at":"2026-09-10T01:00:15.090Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481038","source_sha256":"ed8e19e630bf4ffec5f944b8a2449896cc56b5a80b03876bd56767b0e6350689"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f4da59cdf09791ba83a4cb71170ade54d4ec6d264af015a34261552e5f5d0366","downloaded_from":"2026-09-10T01:00:15.090Z","last_downloaded_at":"2026-09-10T01:00:15.090Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481038","source_sha256":"ed8e19e630bf4ffec5f944b8a2449896cc56b5a80b03876bd56767b0e6350689"}},{"block":null,"heading":"Business Combinations","paragraphs":[{"citation":"715-30-60-6","para":"60-6","html":"
For the required pension related accounting for issues arising in connection with a business combination, including plans to terminate certain employees, the measurement of projected benefit obligations and the assignment of the purchase price to individual assets acquired and liabilities assumed, see Subtopic 805-20.
","snippet":"For the required pension related accounting for issues arising in connection with a business combination, including plans to terminate certain employees, the measurement of projected benefit obligations and the assignmen…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:79663f54efb775d9d3f18ed4d24497d9600be7c1842675d6f182e44cd17839bc","downloaded_from":"2026-09-10T01:00:15.090Z","last_downloaded_at":"2026-09-10T01:00:15.090Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481038","source_sha256":"ed8e19e630bf4ffec5f944b8a2449896cc56b5a80b03876bd56767b0e6350689"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c6785650f6c08fda24e61a9a1e36f58a7a3e2b74688ae13edb4f9a3e1a0a99b1","downloaded_from":"2026-09-10T01:00:15.090Z","last_downloaded_at":"2026-09-10T01:00:15.090Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481038","source_sha256":"ed8e19e630bf4ffec5f944b8a2449896cc56b5a80b03876bd56767b0e6350689"}},{"block":null,"heading":"Consolidation","paragraphs":[{"citation":"715-30-60-7","para":"60-7","html":"
For guidance on whether to consolidate an employee benefit plan, see Subtopic 810-10.
","snippet":"For guidance on whether to consolidate an employee benefit plan, see Subtopic 810-10.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9fe645ee04eca8c68ba309768c267a13ade5eba4bfff5ecf41741aeea18a9d0c","downloaded_from":"2026-09-10T01:00:15.090Z","last_downloaded_at":"2026-09-10T01:00:15.090Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481038","source_sha256":"ed8e19e630bf4ffec5f944b8a2449896cc56b5a80b03876bd56767b0e6350689"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ef1310cebfefada07fbee148bed6958456d0240d11315ebe998acc35fb171030","downloaded_from":"2026-09-10T01:00:15.090Z","last_downloaded_at":"2026-09-10T01:00:15.090Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481038","source_sha256":"ed8e19e630bf4ffec5f944b8a2449896cc56b5a80b03876bd56767b0e6350689"}},{"block":null,"heading":"Nonmonetary Transactions","paragraphs":[{"citation":"715-30-60-8","para":"60-8","html":"
For the requirements related to gain or loss recognition for the spinoff of pension-related assets or obligations transferred in a spinoff of nonmonetary assets to owners of an entity, see Subtopic 845-10.
","snippet":"For the requirements related to gain or loss recognition for the spinoff of pension-related assets or obligations transferred in a spinoff of nonmonetary assets to owners of an entity, see Subtopic 845-10.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:47268e598407171fc2f86a0137516ea55a3a00cc3bebf61e85a67c58831bd00c","downloaded_from":"2026-09-10T01:00:15.090Z","last_downloaded_at":"2026-09-10T01:00:15.090Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481038","source_sha256":"ed8e19e630bf4ffec5f944b8a2449896cc56b5a80b03876bd56767b0e6350689"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:10feaf922bbc58ac18adafa1692a7395af403fbecfbfee1bdd7eaee28f29aac4","downloaded_from":"2026-09-10T01:00:15.090Z","last_downloaded_at":"2026-09-10T01:00:15.090Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481038","source_sha256":"ed8e19e630bf4ffec5f944b8a2449896cc56b5a80b03876bd56767b0e6350689"}},{"block":null,"heading":"Not-for-Profit Entities","paragraphs":[{"citation":"715-30-60-9","para":"60-9","html":"
For the required accounting by a not-for-profit employer for the gains or losses and the prior service costs or credits that would be recognized in other comprehensive income under the guidance in the General Subsections of this Subtopic, see Subtopic 958-715.
","snippet":"For the required accounting by a not-for-profit employer for the gains or losses and the prior service costs or credits that would be recognized in other comprehensive income under the guidance in the General Subsections…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a51ccd045af191d3243a9f43f1e5a88892b7af9e2ca47992047c3721165897c2","downloaded_from":"2026-09-10T01:00:15.090Z","last_downloaded_at":"2026-09-10T01:00:15.090Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481038","source_sha256":"ed8e19e630bf4ffec5f944b8a2449896cc56b5a80b03876bd56767b0e6350689"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:adfaedf6ec3bdb51c8dc01d7f6d69e9cadbc448c14b5b1ac636482a4e467d374","downloaded_from":"2026-09-10T01:00:15.090Z","last_downloaded_at":"2026-09-10T01:00:15.090Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481038","source_sha256":"ed8e19e630bf4ffec5f944b8a2449896cc56b5a80b03876bd56767b0e6350689"}},{"block":null,"heading":"Regulated Operations","paragraphs":[{"citation":"715-30-60-10","para":"60-10","html":"
For treatment by rate regulated entities of the possible difference between net periodic pension cost as defined in the General Subsections of this Subtopic and amounts of pension cost considered for rate-making purposes, see Subtopic 980-715.
","snippet":"For treatment by rate regulated entities of the possible difference between net periodic pension cost as defined in the General Subsections of this Subtopic and amounts of pension cost considered for rate-making purposes…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ab7e90859724fc7a2dea5f2fc85ea924488955c7179507453885f8ed10038f25","downloaded_from":"2026-09-10T01:00:15.090Z","last_downloaded_at":"2026-09-10T01:00:15.090Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481038","source_sha256":"ed8e19e630bf4ffec5f944b8a2449896cc56b5a80b03876bd56767b0e6350689"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c19d3130bbbe315c1618719542b68f70b06810f2b8b8554b01d36bd9a328f31d","downloaded_from":"2026-09-10T01:00:15.090Z","last_downloaded_at":"2026-09-10T01:00:15.090Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481038","source_sha256":"ed8e19e630bf4ffec5f944b8a2449896cc56b5a80b03876bd56767b0e6350689"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e2233d951d46ac12ce1493bc1cb80b9ec88a5d11ebe4b9997e58c4a022466f6d","downloaded_from":"2026-09-10T01:00:15.090Z","last_downloaded_at":"2026-09-10T01:00:15.090Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481038","source_sha256":"ed8e19e630bf4ffec5f944b8a2449896cc56b5a80b03876bd56767b0e6350689"}},{"number":"65","label":"65 Transition and Open Effective Date Information","anchor":"65-transition-and-open-effective-date-information","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"715-30-65-1","para":"65-1","html":"
Paragraph superseded on 03/23/2010 after the end of the transition period stated in FASB Statement No. 158, Employers' Accounting for Defined Benefit Pension and Other Postretirement Plans, and FSP FAS 158-1.
","snippet":"Paragraph superseded on 03/23/2010 after the end of the transition period stated in FASB Statement No. 158, Employers' Accounting for Defined Benefit Pension and Other Postretirement Plans, and FSP FAS 158-1.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:fd18f51f1efc59ba675b14ff25a5e43fab85f97b93288c8f16857db5ca1609f6","downloaded_from":"2026-09-10T01:00:17.448Z","last_downloaded_at":"2026-09-10T01:00:17.448Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481008","source_sha256":"53bb6f8d6248fd5ed1e13449282d74667e6859c466b7cdd5b4007cac956be760"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ecde955927716cdbe2ae47478163fd8861ec1f969686391ab25345d9b5e4c2f1","downloaded_from":"2026-09-10T01:00:17.448Z","last_downloaded_at":"2026-09-10T01:00:17.448Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481008","source_sha256":"53bb6f8d6248fd5ed1e13449282d74667e6859c466b7cdd5b4007cac956be760"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c8e713865ba0983ac161163450f1cce60531b94ab4db22bc2781050d46962bbb","downloaded_from":"2026-09-10T01:00:17.448Z","last_downloaded_at":"2026-09-10T01:00:17.448Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481008","source_sha256":"53bb6f8d6248fd5ed1e13449282d74667e6859c466b7cdd5b4007cac956be760"}}],"enrichment":{"summary":"ASC 715-30 governs an employer's accounting for single-employer defined benefit pension plans: it requires the employer to recognize the plan's funded status (projected benefit obligation versus fair value of plan assets) on the balance sheet and to recognize net periodic pension cost made up of service cost, interest cost, actual return on plan assets, and amortization of prior service cost/credit, net gain or loss, and any remaining transition asset or obligation. Gains, losses, and prior service cost are first recognized in other comprehensive income and amortized into net periodic pension cost over time (subject to the 10 percent corridor for net gains and losses). Separate Subsections govern settlements, curtailments, and certain termination benefits, which accelerate recognition in earnings of amounts sitting in accumulated other comprehensive income.","key_points":["An employer recognizes an asset for an overfunded plan and a liability for an underfunded plan equal to the difference between the projected benefit obligation and the fair value of plan assets, aggregating all overfunded plans and, separately, all underfunded plans (715-30-25-1 through 25-2); each plan is accounted for separately and an asset of one plan may not offset a liability of another (715-30-25-6).","Net periodic pension cost comprises service cost, interest cost, actual return on plan assets, amortization of prior service cost or credit, gain or loss, and amortization of any remaining transition asset or obligation (715-30-35-4), and only the service cost component may be capitalized into inventory or other assets (715-30-35-7A).","The projected benefit obligation reflects assumed future compensation levels where the benefit formula is pay-related, while the accumulated benefit obligation uses only current and past compensation (715-30-35-1A through 35-2); benefits are attributed to service periods based on the plan's benefit formula (715-30-35-36), with ratable attribution required where the formula back-loads benefits (715-30-35-38).","Prior service cost from a retroactive plan amendment is charged to other comprehensive income at the amendment date and amortized to net periodic pension cost over the future service periods of active employees expected to receive benefits (715-30-35-11); a retroactive benefit reduction creates a prior service credit applied first against remaining prior service cost (715-30-35-17).","Gains and losses need not be recognized as they arise; at a minimum, the net gain or loss in accumulated other comprehensive income exceeding 10 percent of the greater of the projected benefit obligation or the market-related value of plan assets must be amortized over the average remaining service period (715-30-35-24), though immediate or other systematic methods are permitted if applied consistently (715-30-35-20, 35-25).","Assumptions must be explicit best estimates; assumed discount rates reflect the rates at which the pension benefits could be effectively settled and must be reevaluated at each measurement date, and the expected long-term rate of return reflects only existing plan assets and current-year contributions (715-30-35-42 through 35-49).","On settlement, the maximum gain or loss recognized in earnings is the net gain or loss plus any remaining transition asset in accumulated other comprehensive income, recognized pro rata for a partial settlement (715-30-35-79), and recognition is required only if the cost of all settlements exceeds service cost plus interest cost for the year (715-30-35-82); curtailment losses are recognized when probable and estimable and curtailment gains when employees terminate or the amendment is adopted (715-30-35-94), while special termination benefits are recognized when employees accept the offer (715-30-25-10)."],"categories":["Compensation and benefits","Recognition","Subsequent measurement","Presentation"],"audience_level":"advanced","student_note":"Pension accounting is a classic exam trap because two different numbers move at once: the balance sheet reports the full funded status immediately, while the income statement smooths gains, losses, and prior service cost through OCI amortization, with the difference each period running through other comprehensive income. Students commonly confuse the projected benefit obligation (includes future salary assumptions) with the accumulated benefit obligation (does not), and forget that only service cost is eligible for capitalization after ASU 2017-07.","related_topics":["715-20","715-60","715-70","715-10","740-20","420"],"key_concepts":["defined benefit pension plan","projected benefit obligation","accumulated benefit obligation","net periodic pension cost","funded status","prior service cost","corridor amortization of net gain or loss","settlement and curtailment"],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9afbe7835018e0b796875df7d2d8090ae2750d68761f76c90566d143d82e571f","downloaded_from":"2026-09-10T00:59:50.700Z","last_downloaded_at":"2026-09-10T01:00:20.275Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},"related":[{"number":"715-60","title":"Defined Benefit Plans—Other Postretirement","topic_title":"Compensation—Retirement Benefits","score":0.893,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:09fbf2179248843edcbf5edb220328a119bf456f912f24a1e8fe2a8f70966b50","downloaded_from":"2026-09-10T01:00:25.988Z","last_downloaded_at":"2026-09-10T01:00:54.564Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"960-20","title":"Accumulated Plan Benefits","topic_title":"Plan Accounting—Defined Benefit Pension Plans","score":0.8384,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:61527e8b7f6f466e084ef2f36ac873c636d5b5e40b85be6bec90192dbe540024","downloaded_from":"2026-09-10T02:22:37.329Z","last_downloaded_at":"2026-09-10T02:23:03.876Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"715-980","title":"Regulated Operations","topic_title":"Compensation—Retirement Benefits","score":0.8328,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:84ec4ae93eb17f51af9a24d23e3dc03f67074aba17ea0bf62e84f47953fd644d","downloaded_from":"2026-09-10T01:02:48.718Z","last_downloaded_at":"2026-09-10T01:03:11.702Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"965-30","title":"Plan Benefit Obligations","topic_title":"Plan Accounting—Health and Welfare Benefit Plans","score":0.7976,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:82188f8b4fb85a2ea3681d455927968209051c6fd5e1c4e03252075a78af8724","downloaded_from":"2026-09-10T02:25:01.968Z","last_downloaded_at":"2026-09-10T02:25:26.797Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"715-70","title":"Defined Contribution Plans","topic_title":"Compensation—Retirement Benefits","score":0.788,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:415b394b4e1bfb9c1f1ee3a573edbff5d9ebecafdfd574c7d8e300069f8392c4","downloaded_from":"2026-09-10T01:00:58.143Z","last_downloaded_at":"2026-09-10T01:01:17.755Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"715-20","title":"Defined Benefit Plans—General","topic_title":"Compensation—Retirement Benefits","score":0.7803,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1f5aacf458dba4a6a890562a1a7870b57ce746a874015f8e9f92255e975c81ad","downloaded_from":"2026-09-10T00:59:02.764Z","last_downloaded_at":"2026-09-10T00:59:47.246Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}}],"prev":{"number":"715-20","title":"Defined Benefit Plans—General","topic_title":"Compensation—Retirement Benefits","provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:7399719330510dcf60c721ccdac06984cce9d88b08eac9867c94745999ced654","downloaded_from":"2026-09-10T00:59:02.764Z","last_downloaded_at":"2026-09-10T00:59:47.246Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},"next":{"number":"715-60","title":"Defined Benefit Plans—Other Postretirement","topic_title":"Compensation—Retirement Benefits","provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:6253d36c0e95377782f2c8f884cba14c2d29d813d8ae5f149a573849722140a9","downloaded_from":"2026-09-10T01:00:25.988Z","last_downloaded_at":"2026-09-10T01:00:54.564Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:61b6e84778c7ca74a1a578f44b3b5e7cd8078fbb4d547183c045df697dca7e88","downloaded_from":"2026-09-10T00:59:50.700Z","last_downloaded_at":"2026-09-10T01:00:20.275Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"715-60","topic":"715","title":"Defined Benefit Plans—Other Postretirement","area":"Expenses","paragraphs":431,"summary":"ASC 715-60 governs an employer's accounting for single-employer defined benefit postretirement benefit plans other than pensions (OPEB)—chiefly retiree health care, but also retiree life insurance, tuition, day care, legal services and housing subsidies. The employer must recognize the funded status of each plan (fair value of plan assets less the accumulated postretirement benefit obligation) on the balance sheet, attribute the expected postretirement benefit obligation ratably over an attribution period ending at the full eligibility date, and recognize net periodic postretirement benefit cost with delayed recognition of prior service cost, gains/losses, and any transition obligation through other comprehensive income. Separate Subsections address the Medicare Part D subsidy, settlements/curtailments/termination benefits, and split-dollar life insurance arrangements.","concepts":["accumulated postretirement benefit obligation","expected postretirement benefit obligation","net periodic postretirement benefit cost","substantive plan","full eligibility date","attribution period","health care cost trend rate","prior service cost and transition obligation"],"categories":["Compensation and benefits","Recognition","Subsequent measurement","Presentation"],"level":"advanced","topic_title":"Compensation—Retirement Benefits","sections":[{"number":"00","label":"00 Status","anchor":"00-status","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"715-60-00-1","para":"00-1","html":"
The following table identifies the changes made to this Subtopic.
Paragraph Action Accounting Standards Update Date
Actuarial Present Value (1st def.) Added Accounting Standards Update No. 2014-06 03/14/2014
Actuarial Present Value (2nd def.) Superseded Accounting Standards Update No. 2014-06 03/14/2014
Amortization (1st def.) Amended Accounting Standards Update No. 2014-06 03/14/2014
Assumptions (1st def.) Amended Accounting Standards Update No. 2014-06 03/14/2014
Attribution (1st def.) Amended Accounting Standards Update No. 2014-06 03/14/2014
Benefits Amended Accounting Standards Update No. 2016-19 12/14/2016
Benefits (3rd def.) Amended Accounting Standards Update No. 2014-06 03/14/2014
Debt Security (1st def.) Added Accounting Standards Update No. 2016-19 12/14/2016
Debt Security (2nd def.) Superseded Accounting Standards Update No. 2016-19 12/14/2016
Defined Benefit Plan Added Accounting Standards Update No. 2014-06 03/14/2014
Defined Benefit Postretirement Plan Superseded Accounting Standards Update No. 2014-06 03/14/2014
Defined Contribution Plan Amended Accounting Standards Update No. 2014-06 03/14/2014
Discount Rate Added Accounting Standards Update No. 2014-06 03/14/2014
Discount Rates Superseded Accounting Standards Update No. 2014-06 03/14/2014
Equity Security (2nd def.) Amended Accounting Standards Update No. 2016-01 01/05/2016
Explicit Approach to Assumptions (1st def.) Superseded Accounting Standards Update No. 2014-06 03/14/2014
Explicit Approach to Assumptions (2nd def.) Added Accounting Standards Update No. 2014-06 03/14/2014
Funding Policy (3rd def.) Amended Accounting Standards Update No. 2014-06 03/14/2014
Gain or Loss (1st def.) Amended Accounting Standards Update No. 2014-06 03/14/2014
Market-Related Value of Plan Assets (1st def.) Added Accounting Standards Update No. 2014-06 03/14/2014
Market-Related Value of Plan Assets (2nd def.) Superseded Accounting Standards Update No. 2014-06 03/14/2014
Multiple-Employer Plan (1st def.) Amended Accounting Standards Update No. 2014-06 03/14/2014
Participating Insurance Contract Superseded Accounting Standards Update No. 2016-19 12/14/2016
Participation Right (2nd def.) Amended Accounting Standards Update No. 2016-19 12/14/2016
Plan Amendment (1st def.) Amended Accounting Standards Update No. 2014-06 03/14/2014
Plan Assets (1st def.) Amended Accounting Standards Update No. 2016-19 12/14/2016
Plan Termination (1st def.) Amended Accounting Standards Update No. 2014-06 03/14/2014
Prior Service Cost (1st def.) Superseded Accounting Standards Update No. 2014-06 03/14/2014
Prior Service Cost (2nd def.) Added Accounting Standards Update No. 2014-06 03/14/2014
Single-Employer Plan (1st def.) Amended Accounting Standards Update No. 2014-06 03/14/2014
715-60-05-2 Amended Accounting Standards Update No. 2017-07 03/10/2017
715-60-05-2 Amended Accounting Standards Update No. 2014-06 03/14/2014
715-60-05-3 through 05-5
 Superseded Accounting Standards Update No. 2017-07 03/10/2017
715-60-05-7 Amended Accounting Standards Update No. 2017-07 03/10/2017
715-60-05-9 Superseded Accounting Standards Update No. 2017-07 03/10/2017
715-60-05-10 Superseded Accounting Standards Update No. 2017-07 03/10/2017
715-60-05-11 Amended Accounting Standards Update No. 2017-07 03/10/2017
715-60-15-9A Added Accounting Standards Update No. 2012-04 10/01/2012
715-60-35-3 Amended Accounting Standards Update No. 2014-06 03/14/2014
715-60-35-9 Amended Accounting Standards Update No. 2014-06 03/14/2014
715-60-35-10A Added Accounting Standards Update No. 2017-07 03/10/2017
715-60-35-11 Amended Accounting Standards Update No. 2014-06 03/14/2014
715-60-35-26 Amended Accounting Standards Update No. 2014-06 03/14/2014
715-60-35-71 Amended Accounting Standards Update No. 2014-06 03/14/2014
715-60-35-80 Amended Accounting Standards Update No. 2012-04 10/01/2012
715-60-35-107 Amended Accounting Standards Update No. 2016-19 12/14/2016
715-60-35-112 Amended Accounting Standards Update No. 2016-19 12/14/2016
715-60-35-115 Amended Accounting Standards Update No. 2016-19 12/14/2016
715-60-35-123A Added Accounting Standards Update No. 2015-04 04/15/2015
715-60-35-123B Added Accounting Standards Update No. 2015-04 04/15/2015
715-60-35-126A Added Accounting Standards Update No. 2015-04 04/15/2015
715-60-35-126B Added Accounting Standards Update No. 2015-04 04/15/2015
715-60-35-140 Amended Accounting Standards Update No. 2014-06 03/14/2014
715-60-35-156 Amended Accounting Standards Update No. 2016-19 12/14/2016
715-60-35-163 Amended Accounting Standards Update No. 2014-06 03/14/2014
715-60-35-179 Amended Accounting Standards Update No. 2014-06 03/14/2014
715-60-55-4 Amended Accounting Standards Update No. 2014-06 03/14/2014
715-60-55-13 Amended Accounting Standards Update No. 2014-06 03/14/2014
715-60-55-20 Amended Accounting Standards Update No. 2014-06 03/14/2014
715-60-55-86 Amended Accounting Standards Update No. 2017-07 03/10/2017
715-60-55-89 Amended Accounting Standards Update No. 2017-07 03/10/2017
715-60-55-92 Amended Accounting Standards Update No. 2017-07 03/10/2017
715-60-55-106 Amended Accounting Standards Update No. 2014-06 03/14/2014
715-60-55-161 Amended Accounting Standards Update No. 2014-06 03/14/2014
715-60-60-1 Amended Accounting Standards Update No. 2014-06 03/14/2014
","snippet":"The following table identifies the changes made to this Subtopic.\nParagraph | Action | Accounting Standards Update | Date |\n| | | |\nActuarial Present Value (1st def.) | Added | Accounting Standards Update No. 2014-06 | 0…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:158b2463f786a25642784a08824840e76dadf4342cb7e18fdc5fe44218884f2a","downloaded_from":"2026-09-10T01:00:25.988Z","last_downloaded_at":"2026-09-10T01:00:25.988Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480455","source_sha256":"ab380c4e23b5327d8c6cf5538a4b24f2ca09ebe817e5cde364bff4614871ca0c"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:208030f20c99ad1c51e2bf7dea6f19705c6d61afce6383323f4fa10abd5a7254","downloaded_from":"2026-09-10T01:00:25.988Z","last_downloaded_at":"2026-09-10T01:00:25.988Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480455","source_sha256":"ab380c4e23b5327d8c6cf5538a4b24f2ca09ebe817e5cde364bff4614871ca0c"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:bb920c7c1a06b6380d4d8a28a60ddbedae648244e2fd6280a5b67feeada55c8c","downloaded_from":"2026-09-10T01:00:25.988Z","last_downloaded_at":"2026-09-10T01:00:25.988Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480455","source_sha256":"ab380c4e23b5327d8c6cf5538a4b24f2ca09ebe817e5cde364bff4614871ca0c"}},{"number":"05","label":"05 Overview and Background","anchor":"05-overview-and-background","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"715-60-05-1","para":"05-1","html":"
This Subtopic provides accounting and reporting guidance for other postretirement benefits. The guidance in this Subtopic is presented in the following four Subsections:
  1. a
    General
  2. b
    Medicare Prescription Drug, Improvement, and Modernization Act
  3. c
    Settlements, Curtailments, and Certain Termination Benefits
  4. d
    Split-Dollar Life Insurance Arrangements.
","snippet":"This Subtopic provides accounting and reporting guidance for other postretirement benefits. The guidance in this Subtopic is presented in the following four Subsections:\n(a) General\n(b) Medicare Prescription Drug, Improv…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:77e5729223c874c0362bb42205a0a1d64ef09c9a7905c2a0e56cb54334d30d7e","downloaded_from":"2026-09-10T01:00:29.389Z","last_downloaded_at":"2026-09-10T01:00:29.389Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480423","source_sha256":"b19c22ed9fa1d3a0b0cb4bded9d94ec3dc0367b272a00f1e433e9af1ebed7fb8"}},{"citation":"715-60-05-2","para":"05-2","html":"
The General Subsections provide guidance on an employer's accounting and reporting for a defined benefit postretirement benefit plan, that is, a single-employer plan that defines the nonpension postretirement benefits to be provided to retirees. This Subtopic refers to these benefits as postretirement benefits and to these plans as postretirement plans. Generally, the amount of those benefits depends on the benefit formula (which may include factors such as the number of years of service rendered or the employee's compensation before retirement or termination), the longevity of the retiree and any beneficiaries and covered dependents, and the incidence of events requiring benefit payments (for example, illnesses affecting the amount of health care required).
","snippet":"The General Subsections provide guidance on an employer's accounting and reporting for a defined benefit postretirement benefit plan, that is, a single-employer plan that defines the nonpension postretirement benefits to…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a110b3a840b6ed6a849af5d73281a97edbff104b28db3d3bbe0f2d9187a243e7","downloaded_from":"2026-09-10T01:00:29.389Z","last_downloaded_at":"2026-09-10T01:00:29.389Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480423","source_sha256":"b19c22ed9fa1d3a0b0cb4bded9d94ec3dc0367b272a00f1e433e9af1ebed7fb8"}},{"citation":"715-60-05-3","para":"05-3","html":"
Paragraph superseded by Accounting Standards Update No. 2017-07.
","snippet":"Paragraph superseded by Accounting Standards Update No. 2017-07.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b296e8e777f49b3046b764b0e34948c86403a4868a7705a9eb8e95250a3e127d","downloaded_from":"2026-09-10T01:00:29.389Z","last_downloaded_at":"2026-09-10T01:00:29.389Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480423","source_sha256":"b19c22ed9fa1d3a0b0cb4bded9d94ec3dc0367b272a00f1e433e9af1ebed7fb8"}},{"citation":"715-60-05-4","para":"05-4","html":"
Paragraph superseded by Accounting Standards Update No. 2017-07.
","snippet":"Paragraph superseded by Accounting Standards Update No. 2017-07.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f7be325ac5ab6942b6229056ec0621a721895bfaeedaa4ef07f62ee80875ab17","downloaded_from":"2026-09-10T01:00:29.389Z","last_downloaded_at":"2026-09-10T01:00:29.389Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480423","source_sha256":"b19c22ed9fa1d3a0b0cb4bded9d94ec3dc0367b272a00f1e433e9af1ebed7fb8"}},{"citation":"715-60-05-5","para":"05-5","html":"
Paragraph superseded by Accounting Standards Update No. 2017-07.
","snippet":"Paragraph superseded by Accounting Standards Update No. 2017-07.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c998c51e1adbfcbdfbcb3844b1cffef16df66bd8030e3a09c45b290abbc8d4e7","downloaded_from":"2026-09-10T01:00:29.389Z","last_downloaded_at":"2026-09-10T01:00:29.389Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480423","source_sha256":"b19c22ed9fa1d3a0b0cb4bded9d94ec3dc0367b272a00f1e433e9af1ebed7fb8"}},{"citation":"715-60-05-6","para":"05-6","html":"
Although this Subtopic applies to all defined benefit postretirement plans other than pensions, postretirement health care benefits are likely to be the most significant in terms of cost and prevalence, and certain of the issues that arise in measuring those benefits are unique.
","snippet":"Although this Subtopic applies to all defined benefit postretirement plans other than pensions, postretirement health care benefits are likely to be the most significant in terms of cost and prevalence, and certain of th…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0f4f057f992c82780e20d72ce67e143e17f43ac9690d240af1663100eaa981ca","downloaded_from":"2026-09-10T01:00:29.389Z","last_downloaded_at":"2026-09-10T01:00:29.389Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480423","source_sha256":"b19c22ed9fa1d3a0b0cb4bded9d94ec3dc0367b272a00f1e433e9af1ebed7fb8"}},{"citation":"715-60-05-7","para":"05-7","html":"
Many of the provisions in this Subtopic are the same as or similar to the provisions of Subtopic 715-30. Consequently, the guidance provided in that Subtopic may be useful in understanding and implementing many of the provisions of this Subtopic. However, there are differences between the specific requirements of this Subtopic and that Subtopic, and therefore the specific guidance in one Subtopic should not be used to override guidance of the other.
","snippet":"Many of the provisions in this Subtopic are the same as or similar to the provisions of Subtopic 715-30. Consequently, the guidance provided in that Subtopic may be useful in understanding and implementing many of the pr…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:021897631ff342fa9e28a8330e9e4824494501db79e6689d48b2fc4cee7eef5d","downloaded_from":"2026-09-10T01:00:29.389Z","last_downloaded_at":"2026-09-10T01:00:29.389Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480423","source_sha256":"b19c22ed9fa1d3a0b0cb4bded9d94ec3dc0367b272a00f1e433e9af1ebed7fb8"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8f08f96f96408f0584b8d90fd7dfb2667753e84576af6de4fbbfae1dd3f9dae6","downloaded_from":"2026-09-10T01:00:29.389Z","last_downloaded_at":"2026-09-10T01:00:29.389Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480423","source_sha256":"b19c22ed9fa1d3a0b0cb4bded9d94ec3dc0367b272a00f1e433e9af1ebed7fb8"}},{"block":"Medicare Prescription Drug, Improvement, and Modernization Act","heading":null,"paragraphs":[{"citation":"715-60-05-8","para":"05-8","html":"
The Medicare Prescription Drug, Improvement, and Modernization Act Subsections provide guidance on the accounting for the effects of the Medicare Prescription Drug, Improvement, and Modernization Act of 2003 for employers that sponsor postretirement health care plans that provide prescription drug benefits.
","snippet":"The Medicare Prescription Drug, Improvement, and Modernization Act Subsections provide guidance on the accounting for the effects of the Medicare Prescription Drug, Improvement, and Modernization Act of 2003 for employer…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ea750dc6c0222dd37ff35c50a44deeaa5edf34fc02f003c0d314b9290098136d","downloaded_from":"2026-09-10T01:00:29.389Z","last_downloaded_at":"2026-09-10T01:00:29.389Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480423","source_sha256":"b19c22ed9fa1d3a0b0cb4bded9d94ec3dc0367b272a00f1e433e9af1ebed7fb8"}},{"citation":"715-60-05-9","para":"05-9","html":"
Paragraph superseded by Accounting Standards Update No. 2017-07.
","snippet":"Paragraph superseded by Accounting Standards Update No. 2017-07.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:750bb719b6741cbf722e2978de2a16c8413152b51be2cdc5ce6c488e173b4f74","downloaded_from":"2026-09-10T01:00:29.389Z","last_downloaded_at":"2026-09-10T01:00:29.389Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480423","source_sha256":"b19c22ed9fa1d3a0b0cb4bded9d94ec3dc0367b272a00f1e433e9af1ebed7fb8"}},{"citation":"715-60-05-10","para":"05-10","html":"
Paragraph superseded by Accounting Standards Update No. 2017-07.
","snippet":"Paragraph superseded by Accounting Standards Update No. 2017-07.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:495521e250cf949aca87990bb9db12e7cd072ed0b188eced7ffd297521af1b30","downloaded_from":"2026-09-10T01:00:29.389Z","last_downloaded_at":"2026-09-10T01:00:29.389Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480423","source_sha256":"b19c22ed9fa1d3a0b0cb4bded9d94ec3dc0367b272a00f1e433e9af1ebed7fb8"}},{"citation":"715-60-05-11","para":"05-11","html":"
The Medicare Prescription Drug, Improvement, and Modernization Act Subsections make reference to various provisions of the Act and, in many cases, paraphrase those provisions. However, nothing in these Subsections should be considered a definitive interpretation of any provision of the Act for any purpose.
","snippet":"The Medicare Prescription Drug, Improvement, and Modernization Act Subsections make reference to various provisions of the Act and, in many cases, paraphrase those provisions. However, nothing in these Subsections should…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:7b72f36514889c1230e8369370af35983454266a9ed2d2a0f0b55a086e254e35","downloaded_from":"2026-09-10T01:00:29.389Z","last_downloaded_at":"2026-09-10T01:00:29.389Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480423","source_sha256":"b19c22ed9fa1d3a0b0cb4bded9d94ec3dc0367b272a00f1e433e9af1ebed7fb8"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:28099a04d93cb08aa6389cb399c20d7c3d471891f1eecb86ff75157cabec7d68","downloaded_from":"2026-09-10T01:00:29.389Z","last_downloaded_at":"2026-09-10T01:00:29.389Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480423","source_sha256":"b19c22ed9fa1d3a0b0cb4bded9d94ec3dc0367b272a00f1e433e9af1ebed7fb8"}},{"block":"Settlements, Curtailments, and Certain Termination Benefits","heading":null,"paragraphs":[{"citation":"715-60-05-12","para":"05-12","html":"
The Settlements, Curtailments, and Certain Termination Benefits Subsections provide guidance on an employer's accounting for settlement of defined benefit postretirement obligations, for curtailment of a defined benefit postretirement plan, and for termination benefits.
","snippet":"The Settlements, Curtailments, and Certain Termination Benefits Subsections provide guidance on an employer's accounting for settlement of defined benefit postretirement obligations, for curtailment of a defined benefit …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d5d9b156c2ddfde0b1d55e2c12fbe2002590df0f0029fff5a6e915013ee235c5","downloaded_from":"2026-09-10T01:00:29.389Z","last_downloaded_at":"2026-09-10T01:00:29.389Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480423","source_sha256":"b19c22ed9fa1d3a0b0cb4bded9d94ec3dc0367b272a00f1e433e9af1ebed7fb8"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1917642609cb7cfa55226adbd1a193b28eca9a3c795d564c6c159431afa6bed0","downloaded_from":"2026-09-10T01:00:29.389Z","last_downloaded_at":"2026-09-10T01:00:29.389Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480423","source_sha256":"b19c22ed9fa1d3a0b0cb4bded9d94ec3dc0367b272a00f1e433e9af1ebed7fb8"}},{"block":"Split-Dollar Life Insurance Arrangements","heading":null,"paragraphs":[{"citation":"715-60-05-13","para":"05-13","html":"
The Split-Dollar Life Insurance Arrangements Subsections provide guidance on accounting and reporting for split-dollar life insurance arrangements.
","snippet":"The Split-Dollar Life Insurance Arrangements Subsections provide guidance on accounting and reporting for split-dollar life insurance arrangements.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:df4a688211f1a42cb322c71a06df9c8799b6fe8ddedcc17c94595aa2d75e0ad1","downloaded_from":"2026-09-10T01:00:29.389Z","last_downloaded_at":"2026-09-10T01:00:29.389Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480423","source_sha256":"b19c22ed9fa1d3a0b0cb4bded9d94ec3dc0367b272a00f1e433e9af1ebed7fb8"}},{"citation":"715-60-05-14","para":"05-14","html":"
Entities purchase life insurance for various reasons that may include protecting against the loss of key employees, funding deferred compensation and postretirement benefit obligations, and providing an investment return. One form of this insurance is split-dollar life insurance. The structure of split-dollar life insurance arrangements can be complex and varied.
","snippet":"Entities purchase life insurance for various reasons that may include protecting against the loss of key employees, funding deferred compensation and postretirement benefit obligations, and providing an investment return…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1604f3f6dc986967a08b59d13b251d5a2b1a192980267976c807b48104395467","downloaded_from":"2026-09-10T01:00:29.389Z","last_downloaded_at":"2026-09-10T01:00:29.389Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480423","source_sha256":"b19c22ed9fa1d3a0b0cb4bded9d94ec3dc0367b272a00f1e433e9af1ebed7fb8"}},{"citation":"715-60-05-15","para":"05-15","html":"
The two most common types of arrangements are endorsement split-dollar life insurance arrangements and collateral assignment split-dollar life insurance arrangements. Generally, the difference between these arrangements is dependent on the ownership and control of the life insurance policy.
","snippet":"The two most common types of arrangements are endorsement split-dollar life insurance arrangements and collateral assignment split-dollar life insurance arrangements. Generally, the difference between these arrangements …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9b58a8762b9cb8c73c8873152f3e97b6edfcbbfbfd0e8404d4eb33e338b4a79f","downloaded_from":"2026-09-10T01:00:29.389Z","last_downloaded_at":"2026-09-10T01:00:29.389Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480423","source_sha256":"b19c22ed9fa1d3a0b0cb4bded9d94ec3dc0367b272a00f1e433e9af1ebed7fb8"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:429c9acbb0cf22533f5f9c30182c467ff05ab6da67287f1764e872ce1b3ccf3d","downloaded_from":"2026-09-10T01:00:29.389Z","last_downloaded_at":"2026-09-10T01:00:29.389Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480423","source_sha256":"b19c22ed9fa1d3a0b0cb4bded9d94ec3dc0367b272a00f1e433e9af1ebed7fb8"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a91e1825dbdf7d9c1e7305199b6800dbb19c94978d8d29e946c5db29a0297767","downloaded_from":"2026-09-10T01:00:29.389Z","last_downloaded_at":"2026-09-10T01:00:29.389Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480423","source_sha256":"b19c22ed9fa1d3a0b0cb4bded9d94ec3dc0367b272a00f1e433e9af1ebed7fb8"}},{"number":"15","label":"15 Scope and Scope Exceptions","anchor":"15-scope-and-scope-exceptions","is_sec":false,"groups":[{"block":null,"heading":"Overall Guidance","paragraphs":[{"citation":"715-60-15-1","para":"15-1","html":"
This Subtopic follows the same Scope and Scope Exceptions as outlined in the Overall Subtopic, see Section 715-10-15, with specific qualifications and exceptions noted below.
","snippet":"This Subtopic follows the same Scope and Scope Exceptions as outlined in the Overall Subtopic, see Section 715-10-15, with specific qualifications and exceptions noted below.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9959ee9627f742890c8b279f01dfc7e6697ceacb9fbded04b82da81b17073c72","downloaded_from":"2026-09-10T01:00:31.758Z","last_downloaded_at":"2026-09-10T01:00:31.758Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480392","source_sha256":"af8b0b0afa5b49e51f9791c02555304a99aa5b056caf23bf592e0bc6be762522"}},{"citation":"715-60-15-2","para":"15-2","html":"
The General Subsection of this Section establishes the pervasive scope of this Subtopic, with specific exceptions noted in the other Subsections of this Section.
","snippet":"The General Subsection of this Section establishes the pervasive scope of this Subtopic, with specific exceptions noted in the other Subsections of this Section.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ebe7e7ff45c3d1092f80486c4057ddf5a16b6bbceeaefed8bcf5b7c380e561d8","downloaded_from":"2026-09-10T01:00:31.758Z","last_downloaded_at":"2026-09-10T01:00:31.758Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480392","source_sha256":"af8b0b0afa5b49e51f9791c02555304a99aa5b056caf23bf592e0bc6be762522"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b095611c9361ae476b541fec0d6ec2e94d4a817a54430ba3f8b5d29ce17c21e7","downloaded_from":"2026-09-10T01:00:31.758Z","last_downloaded_at":"2026-09-10T01:00:31.758Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480392","source_sha256":"af8b0b0afa5b49e51f9791c02555304a99aa5b056caf23bf592e0bc6be762522"}},{"block":null,"heading":"Transactions","paragraphs":[{"citation":"715-60-15-3","para":"15-3","html":"
The guidance in the General Subsections applies to the following plans and benefits:
  1. a
    A single-employer plan that defines the postretirement benefits to be provided to retirees. This includes postretirement benefits expected to be provided by an employer to current and former employees (including retirees, disabled employees, and other former employees who are expected to receive postretirement benefits), their beneficiaries, and covered dependents, pursuant to the terms of an employer's undertaking to provide those benefits.
","snippet":"The guidance in the General Subsections applies to the following plans and benefits:\n(a) A single-employer plan that defines the postretirement benefits to be provided to retirees. This includes postretirement benefits e…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:42d471441cf8c011dbe55ab6d9b027e96243ebaf32ccdd2d0750f7d7729ef1ec","downloaded_from":"2026-09-10T01:00:31.758Z","last_downloaded_at":"2026-09-10T01:00:31.758Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480392","source_sha256":"af8b0b0afa5b49e51f9791c02555304a99aa5b056caf23bf592e0bc6be762522"}},{"citation":"715-60-15-4","para":"15-4","html":"
Other postretirement benefits include, but are not limited to, postretirement health care; life insurance provided outside a pension plan to retirees; and other welfare benefits such as tuition assistance, day care, legal services, and housing subsidies provided after retirement. Often those benefits are in the form of a reimbursement to plan participants or direct payment to providers for the cost of specified services as the need for those services arises, but they may also include benefits payable as a lump sum, such as death benefits. Much of the guidance in this Subtopic focuses on postretirement health care plans. Nevertheless, this Subtopic applies equally to all postretirement benefits other than pensions.
","snippet":"Other postretirement benefits include, but are not limited to, postretirement health care; life insurance provided outside a pension plan to retirees; and other welfare benefits such as tuition assistance, day care, lega…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:596f63b2fd606199ebae7a0f7d5b11cde818d7430a2a35ab38736d6e7538c4e1","downloaded_from":"2026-09-10T01:00:31.758Z","last_downloaded_at":"2026-09-10T01:00:31.758Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480392","source_sha256":"af8b0b0afa5b49e51f9791c02555304a99aa5b056caf23bf592e0bc6be762522"}},{"citation":"715-60-15-5","para":"15-5","html":"
The guidance in the General Subsections applies to health and other welfare benefits expected to be provided to disabled employees, whether in cash or in kind, for example, disability medical benefits. For example, the provisions of the postretirement health care plan may provide postretirement health care coverage after a disabled employee attains a specified number of years of credited service (which may include credit for periods after the employee is disabled), with a separate disability plan that provides health benefits before that date. Or, the postretirement health care plan may have special provisions for disabled employees that entitle them to benefit coverage under the postretirement benefit plan at a date earlier than that coverage would commence for other employees who are not disabled.
","snippet":"The guidance in the General Subsections applies to health and other welfare benefits expected to be provided to disabled employees, whether in cash or in kind, for example, disability medical benefits. For example, the p…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8fc2c466641ff57044998d5dd46217feb14ad4916c8973f03a743c4274c85754","downloaded_from":"2026-09-10T01:00:31.758Z","last_downloaded_at":"2026-09-10T01:00:31.758Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480392","source_sha256":"af8b0b0afa5b49e51f9791c02555304a99aa5b056caf23bf592e0bc6be762522"}},{"citation":"715-60-15-6","para":"15-6","html":"
The guidance in the General Subsections does not apply to the following plans and benefits:
  1. a
    Pension or life insurance benefits provided through a pension plan. The accounting for those benefits is set forth in Subtopic 715-30.
  2. b
    Disability benefits paid to former or inactive employees not on disability retirement (such benefits shall be accounted for under Topic 712). However, the measurement guidance in this Subtopic may be useful in applying the provisions of that topic.
  3. c
    Disability income benefits paid pursuant to a pension plan (such benefits shall be accounted for under Subtopic 715-30).
  4. d
    An employee's right to continue health care coverage under the provisions of the Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA). This right does not constitute a postretirement benefit plan per se because an employee need not be a retiree to receive that benefit. It is a right generally available upon termination of employment. If an employee voluntarily elects at retirement to continue health care coverage provided through the active employee health care plan and the cost to the employer of their continuing coverage exceeds the retirees' contributions, the employer shall account for the excess cost in accordance with Topic 712.
","snippet":"The guidance in the General Subsections does not apply to the following plans and benefits:\n(a) Pension or life insurance benefits provided through a pension plan. The accounting for those benefits is set forth in Subtop…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d7931d71ec81c67683139b7d7e74451c2294ef50aa7dda4071a900e4f8bae58b","downloaded_from":"2026-09-10T01:00:31.758Z","last_downloaded_at":"2026-09-10T01:00:31.758Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480392","source_sha256":"af8b0b0afa5b49e51f9791c02555304a99aa5b056caf23bf592e0bc6be762522"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a78892847753c707b66f331b164a34ecc8fc2bb083d63107992178fd1a6c1e7a","downloaded_from":"2026-09-10T01:00:31.758Z","last_downloaded_at":"2026-09-10T01:00:31.758Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480392","source_sha256":"af8b0b0afa5b49e51f9791c02555304a99aa5b056caf23bf592e0bc6be762522"}},{"block":null,"heading":"Other Considerations","paragraphs":[{"citation":"715-60-15-7","para":"15-7","html":"
A postretirement benefit plan may be part of a larger plan or arrangement that provides benefits currently to active employees as well as to retirees. In those circumstances, the promise to provide benefits to present and future retirees under the plan shall be segregated from the promise to provide benefits currently to active employees and shall be accounted for in accordance with the provisions of this Subtopic.
","snippet":"A postretirement benefit plan may be part of a larger plan or arrangement that provides benefits currently to active employees as well as to retirees. In those circumstances, the promise to provide benefits to present an…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:448d46b91cfa24af3a33982c53a8eed5725af9d851350f53cfd9c9d4ca44a7d8","downloaded_from":"2026-09-10T01:00:31.758Z","last_downloaded_at":"2026-09-10T01:00:31.758Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480392","source_sha256":"af8b0b0afa5b49e51f9791c02555304a99aa5b056caf23bf592e0bc6be762522"}},{"citation":"715-60-15-8","para":"15-8","html":"
In some cases, an employer may limit its obligation through an individual or an aggregate cap on the employer's cost or benefit obligation. For example, an employer may elect to limit its annual postretirement benefit obligation for each retired plan participant to a maximum of $5,000. Or, an employer may elect to limit its share of the aggregate cost of covered postretirement health care benefits for a period to an amount determined based on an average per capita cost per retired plan participant. Plans of that nature are considered to be defined benefit postretirement plans. See paragraphs
715-60-55-96 through 55-102
for an illustration of the measurement considerations for defined dollar capped plans and paragraphs
715-60-55-2 through 55-3
for implementation guidance on capped plans.
","snippet":"In some cases, an employer may limit its obligation through an individual or an aggregate cap on the employer's cost or benefit obligation. For example, an employer may elect to limit its annual postretirement benefit ob…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:74b837617b90743cea6080cd05d6bf4cea49fde0642caff4f092672566f1c52c","downloaded_from":"2026-09-10T01:00:31.758Z","last_downloaded_at":"2026-09-10T01:00:31.758Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480392","source_sha256":"af8b0b0afa5b49e51f9791c02555304a99aa5b056caf23bf592e0bc6be762522"}},{"citation":"715-60-15-9","para":"15-9","html":"
Absent evidence to the contrary, it shall be presumed that an employer that has provided postretirement benefits in the past or is currently promising those benefits to employees will continue to provide those future benefits.
","snippet":"Absent evidence to the contrary, it shall be presumed that an employer that has provided postretirement benefits in the past or is currently promising those benefits to employees will continue to provide those future ben…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0442aaa784aea2ae1b197936ab31d4f7e96a13bbd7073004d25648d83f7dc742","downloaded_from":"2026-09-10T01:00:31.758Z","last_downloaded_at":"2026-09-10T01:00:31.758Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480392","source_sha256":"af8b0b0afa5b49e51f9791c02555304a99aa5b056caf23bf592e0bc6be762522"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:fd2a5064695269a74761b73e27c5a31ac98d388d2400c655046779cfc6679352","downloaded_from":"2026-09-10T01:00:31.758Z","last_downloaded_at":"2026-09-10T01:00:31.758Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480392","source_sha256":"af8b0b0afa5b49e51f9791c02555304a99aa5b056caf23bf592e0bc6be762522"}},{"block":null,"heading":"Plans with Characteristics of both a Defined Contribution and a Defined Benefit Plan","paragraphs":[{"citation":"715-60-15-9A","para":"15-9A","html":"
See paragraph 715-70-15-2 for guidance for plans with characteristics of both a defined contribution and a defined benefit plan.
","snippet":"See paragraph 715-70-15-2 for guidance for plans with characteristics of both a defined contribution and a defined benefit plan.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ef10f51797e8d9edfd3da84ac1f54e41729cc548187761d059fda5730005ecc5","downloaded_from":"2026-09-10T01:00:31.758Z","last_downloaded_at":"2026-09-10T01:00:31.758Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480392","source_sha256":"af8b0b0afa5b49e51f9791c02555304a99aa5b056caf23bf592e0bc6be762522"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1b81944ddb6fe51df1a660f8cc7e31ecb52f42e1d6cb01efe3464271b294a1d2","downloaded_from":"2026-09-10T01:00:31.758Z","last_downloaded_at":"2026-09-10T01:00:31.758Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480392","source_sha256":"af8b0b0afa5b49e51f9791c02555304a99aa5b056caf23bf592e0bc6be762522"}},{"block":"Medicare Prescription Drug, Improvement, and Modernization Act","heading":"Overall Guidance","paragraphs":[{"citation":"715-60-15-10","para":"15-10","html":"
The Medicare Prescription Drug, Improvement, and Modernization Act Subsections follow the same Scope and Scope Exceptions as outlined in the General Subsection of this Subtopic, see paragraph 715-60-15-1, with specific exceptions noted below.
","snippet":"The Medicare Prescription Drug, Improvement, and Modernization Act Subsections follow the same Scope and Scope Exceptions as outlined in the General Subsection of this Subtopic, see paragraph 715-60-15-1, with specific e…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:4e7cc749b2fb5933742094c63f78a4ee0f7e9ce78045b7898d44cfee615dfea7","downloaded_from":"2026-09-10T01:00:31.758Z","last_downloaded_at":"2026-09-10T01:00:31.758Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480392","source_sha256":"af8b0b0afa5b49e51f9791c02555304a99aa5b056caf23bf592e0bc6be762522"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b89ea1b984460e818a39a8d127065b8ba91e4048ba112d6bbaf80c4fd9b7e4e9","downloaded_from":"2026-09-10T01:00:31.758Z","last_downloaded_at":"2026-09-10T01:00:31.758Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480392","source_sha256":"af8b0b0afa5b49e51f9791c02555304a99aa5b056caf23bf592e0bc6be762522"}},{"block":"Medicare Prescription Drug, Improvement, and Modernization Act","heading":"Transactions","paragraphs":[{"citation":"715-60-15-11","para":"15-11","html":"
The guidance in the Medicare Prescription Drug, Improvement, and Modernization Act Subsections applies to the following plans and benefits:
  1. a
    A single-employer defined benefit postretirement health care plan that has both of the following characteristics:
    1. 1
      The employer has concluded that prescription drug benefits available under the plan to some or all participants for some or all future years are \"actuarially equivalent\" to Medicare Part D and thus qualify for the subsidy under the Medicare Prescription Drug, Improvement, and Modernization Act.
    2. 2
      The expected subsidy will offset or reduce the employer's share of the cost of the underlying postretirement prescription drug coverage on which the subsidy is based.
","snippet":"The guidance in the Medicare Prescription Drug, Improvement, and Modernization Act Subsections applies to the following plans and benefits:\n(a) A single-employer defined benefit postretirement health care plan that has b…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3d1873b0ad8f31f7dba00d313762ef083f0064204e0d9a72b1368905189e3893","downloaded_from":"2026-09-10T01:00:31.758Z","last_downloaded_at":"2026-09-10T01:00:31.758Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480392","source_sha256":"af8b0b0afa5b49e51f9791c02555304a99aa5b056caf23bf592e0bc6be762522"}},{"citation":"715-60-15-12","para":"15-12","html":"
The guidance in the Medicare Prescription Drug, Improvement, and Modernization Act Subsections does not address the following:
  1. a
    Situations that may arise in which the expected subsidy exceeds the employer's share of the cost of the underlying postretirement prescription drug coverage on which the subsidy is based
  2. b
    Multiemployer health and welfare benefit plans.
","snippet":"The guidance in the Medicare Prescription Drug, Improvement, and Modernization Act Subsections does not address the following:\n(a) Situations that may arise in which the expected subsidy exceeds the employer's share of t…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:7e5322dd71ab7b775a1525a6cca77a8c37265d2768c676b5382a32e5c5bc6a93","downloaded_from":"2026-09-10T01:00:31.758Z","last_downloaded_at":"2026-09-10T01:00:31.758Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480392","source_sha256":"af8b0b0afa5b49e51f9791c02555304a99aa5b056caf23bf592e0bc6be762522"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8d090d8092e8301ae5f103d2c1319dc9d86d39cba6249a688fe0bf563f388a2f","downloaded_from":"2026-09-10T01:00:31.758Z","last_downloaded_at":"2026-09-10T01:00:31.758Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480392","source_sha256":"af8b0b0afa5b49e51f9791c02555304a99aa5b056caf23bf592e0bc6be762522"}},{"block":"Medicare Prescription Drug, Improvement, and Modernization Act","heading":"Other Considerations","paragraphs":[{"citation":"715-60-15-13","para":"15-13","html":"
Although the Medicare Prescription Drug, Improvement, and Modernization Act Subsections provide limited guidance on certain other related aspects of accounting and disclosure necessitated by the Act (for example, changes in assumed participation rates and health care cost trend rates, as well as income tax accounting), that guidance is not intended to supersede or in any way limit the application of other relevant authoritative literature.
","snippet":"Although the Medicare Prescription Drug, Improvement, and Modernization Act Subsections provide limited guidance on certain other related aspects of accounting and disclosure necessitated by the Act (for example, changes…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:98f40879b3788fdbbc01c6dd425091c8907787a4940cbf165809af86ee8eb692","downloaded_from":"2026-09-10T01:00:31.758Z","last_downloaded_at":"2026-09-10T01:00:31.758Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480392","source_sha256":"af8b0b0afa5b49e51f9791c02555304a99aa5b056caf23bf592e0bc6be762522"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:733f724cbbb96158c3f14b6f1ba797853c5c378ad4172dc5435302c0c60dfff7","downloaded_from":"2026-09-10T01:00:31.758Z","last_downloaded_at":"2026-09-10T01:00:31.758Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480392","source_sha256":"af8b0b0afa5b49e51f9791c02555304a99aa5b056caf23bf592e0bc6be762522"}},{"block":"Settlements, Curtailments, and Certain Termination Benefits","heading":"Overall Guidance","paragraphs":[{"citation":"715-60-15-14","para":"15-14","html":"
The Settlements, Curtailments, and Certain Termination Benefits Subsections follow the same Scope and Scope Exceptions as outlined in the General Subsection of this Subtopic, see paragraph 715-60-15-1, with specific exceptions noted below.
","snippet":"The Settlements, Curtailments, and Certain Termination Benefits Subsections follow the same Scope and Scope Exceptions as outlined in the General Subsection of this Subtopic, see paragraph 715-60-15-1, with specific exce…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2dd9aedb6b26cd612f1a1e2a8771d8b1892f69cbc93a5ef267a2f1630c8caeae","downloaded_from":"2026-09-10T01:00:31.758Z","last_downloaded_at":"2026-09-10T01:00:31.758Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480392","source_sha256":"af8b0b0afa5b49e51f9791c02555304a99aa5b056caf23bf592e0bc6be762522"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:741a07b55d99e54b594fb26a109c2d075354e0371b98ea80e7486b089906d948","downloaded_from":"2026-09-10T01:00:31.758Z","last_downloaded_at":"2026-09-10T01:00:31.758Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480392","source_sha256":"af8b0b0afa5b49e51f9791c02555304a99aa5b056caf23bf592e0bc6be762522"}},{"block":"Settlements, Curtailments, and Certain Termination Benefits","heading":"Transactions","paragraphs":[{"citation":"715-60-15-15","para":"15-15","html":"
The guidance in the Settlements, Curtailments, and Certain Termination Benefits Subsections applies to the following transactions and activities:
  1. a
    Settlement of all or a part of an employer's accumulated postretirement benefit obligation or curtailment of a postretirement benefit plan
  2. b
    Other termination benefits not otherwise addressed in the following:
    1. 1
      Topic 420
    2. 2
      Topic 710
    3. 3
      Topic 712
    4. 4
      Subtopic 715-30.
","snippet":"The guidance in the Settlements, Curtailments, and Certain Termination Benefits Subsections applies to the following transactions and activities:\n(a) Settlement of all or a part of an employer's accumulated postretiremen…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8d06d2c53937cb64c92d061d931033f3a94f2f4b6ed489815d131ec28e0a8725","downloaded_from":"2026-09-10T01:00:31.758Z","last_downloaded_at":"2026-09-10T01:00:31.758Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480392","source_sha256":"af8b0b0afa5b49e51f9791c02555304a99aa5b056caf23bf592e0bc6be762522"}},{"citation":"715-60-15-16","para":"15-16","html":"
Examples of transactions that constitute a settlement include making lump-sum cash payments to plan participants in exchange for their rights to receive specified postretirement benefits and purchasing long-term nonparticipating insurance contracts for the accumulated postretirement benefit obligation for some or all of the plan participants.
","snippet":"Examples of transactions that constitute a settlement include making lump-sum cash payments to plan participants in exchange for their rights to receive specified postretirement benefits and purchasing long-term nonparti…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0ad7b097ed108878a4d5f9e6686b6eb430809601446ccf0cba736acee68ad1e8","downloaded_from":"2026-09-10T01:00:31.758Z","last_downloaded_at":"2026-09-10T01:00:31.758Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480392","source_sha256":"af8b0b0afa5b49e51f9791c02555304a99aa5b056caf23bf592e0bc6be762522"}},{"citation":"715-60-15-17","para":"15-17","html":"
Curtailments include the following:
  1. a
    Termination of employees' services earlier than expected, which may or may not involve closing a facility or discontinuing a component of an entity
  2. b
    Termination or suspension of a plan so that employees do not earn additional benefits for future service. In the latter situation, future service may be counted toward eligibility for benefits accumulated based on past service.
","snippet":"Curtailments include the following:\n(a) Termination of employees' services earlier than expected, which may or may not involve closing a facility or discontinuing a component of an entity\n(b) Termination or suspension of…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0fd60e10a98868f2821b71208cf389a49f71ef65e40ae54adbf8dedd313723d5","downloaded_from":"2026-09-10T01:00:31.758Z","last_downloaded_at":"2026-09-10T01:00:31.758Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480392","source_sha256":"af8b0b0afa5b49e51f9791c02555304a99aa5b056caf23bf592e0bc6be762522"}},{"citation":"715-60-15-18","para":"15-18","html":"
The guidance in the Settlements, Curtailments, and Certain Termination Benefits Subsections does not apply to the following transactions and activities:
  1. a
    Other termination benefits addressed in the following:
    1. 1
      Topic 420
    2. 2
      Topic 710
    3. 3
      Topic 712
    4. 4
      Subtopic 715-30.
","snippet":"The guidance in the Settlements, Curtailments, and Certain Termination Benefits Subsections does not apply to the following transactions and activities:\n(a) Other termination benefits addressed in the following:\n(1) Topi…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:71a46dd594202c0e47cf2df51021de4f728a5fd9b9fe27278a9778c4fb81fa97","downloaded_from":"2026-09-10T01:00:31.758Z","last_downloaded_at":"2026-09-10T01:00:31.758Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480392","source_sha256":"af8b0b0afa5b49e51f9791c02555304a99aa5b056caf23bf592e0bc6be762522"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e91319af3386f4ba6718a645a020f0927813bb3564c0d006dac6b778ced09126","downloaded_from":"2026-09-10T01:00:31.758Z","last_downloaded_at":"2026-09-10T01:00:31.758Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480392","source_sha256":"af8b0b0afa5b49e51f9791c02555304a99aa5b056caf23bf592e0bc6be762522"}},{"block":"Split-Dollar Life Insurance Arrangements","heading":"Overall Guidance","paragraphs":[{"citation":"715-60-15-19","para":"15-19","html":"
The Split-Dollar Life Insurance Arrangements Subsections follow the same Scope and Scope Exceptions as outlined in the General Subsection of this Subtopic, see paragraph 715-60-15-1, with specific exceptions noted below.
","snippet":"The Split-Dollar Life Insurance Arrangements Subsections follow the same Scope and Scope Exceptions as outlined in the General Subsection of this Subtopic, see paragraph 715-60-15-1, with specific exceptions noted below.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:569ddef69dd1996a9b42a35a988143033622e5b60a295a80e8b9657f463b2fb6","downloaded_from":"2026-09-10T01:00:31.758Z","last_downloaded_at":"2026-09-10T01:00:31.758Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480392","source_sha256":"af8b0b0afa5b49e51f9791c02555304a99aa5b056caf23bf592e0bc6be762522"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0e3626cdeb44d51227642501d4c1ea9a8f9c9f1e4263b61c78f8155d213d98f0","downloaded_from":"2026-09-10T01:00:31.758Z","last_downloaded_at":"2026-09-10T01:00:31.758Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480392","source_sha256":"af8b0b0afa5b49e51f9791c02555304a99aa5b056caf23bf592e0bc6be762522"}},{"block":"Split-Dollar Life Insurance Arrangements","heading":"Transactions","paragraphs":[{"citation":"715-60-15-20","para":"15-20","html":"
The guidance in the Split-Dollar Life Insurance Arrangements Subsections applies to the following plans and benefits:
  1. a
    Endorsement split-dollar life insurance arrangements that provide a benefit to an employee that extends to postretirement periods.
  2. b
    Collateral split-dollar life insurance arrangements that provide a benefit to an employee that extends to postretirement periods.
","snippet":"The guidance in the Split-Dollar Life Insurance Arrangements Subsections applies to the following plans and benefits:\n(a) Endorsement split-dollar life insurance arrangements that provide a benefit to an employee that ex…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:decb9d30156e9bdb3d0e60f157f14c02115d50e0e8891d10eeb22922b08d5fe1","downloaded_from":"2026-09-10T01:00:31.758Z","last_downloaded_at":"2026-09-10T01:00:31.758Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480392","source_sha256":"af8b0b0afa5b49e51f9791c02555304a99aa5b056caf23bf592e0bc6be762522"}},{"citation":"715-60-15-21","para":"15-21","html":"
The guidance in the Split-Dollar Life Insurance Arrangements Subsections does not apply to the following plans and benefits:
  1. a
    A split-dollar life insurance arrangement that provides a specified benefit to an employee that is limited to the employee's active service period with an employer.
","snippet":"The guidance in the Split-Dollar Life Insurance Arrangements Subsections does not apply to the following plans and benefits:\n(a) A split-dollar life insurance arrangement that provides a specified benefit to an employee …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:45fc0bc7f672f2a61ea3a54f11ca631786854dfc3504dc2bd174fb5d11a172be","downloaded_from":"2026-09-10T01:00:31.758Z","last_downloaded_at":"2026-09-10T01:00:31.758Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480392","source_sha256":"af8b0b0afa5b49e51f9791c02555304a99aa5b056caf23bf592e0bc6be762522"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:7dc460f989750fdc44018beef2922b0958a28f734e35feb72f042c1c727196af","downloaded_from":"2026-09-10T01:00:31.758Z","last_downloaded_at":"2026-09-10T01:00:31.758Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480392","source_sha256":"af8b0b0afa5b49e51f9791c02555304a99aa5b056caf23bf592e0bc6be762522"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0038579d115cc497d776ea29e9d6a220fda5fa7b4b8bc1678bf20256ee9f81f5","downloaded_from":"2026-09-10T01:00:31.758Z","last_downloaded_at":"2026-09-10T01:00:31.758Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480392","source_sha256":"af8b0b0afa5b49e51f9791c02555304a99aa5b056caf23bf592e0bc6be762522"}},{"number":"25","label":"25 Recognition","anchor":"25-recognition","is_sec":false,"groups":[{"block":null,"heading":"Recognition of Liabilities and Assets","paragraphs":[{"citation":"715-60-25-1","para":"25-1","html":"
An employer that sponsors one or more single-employer defined benefit postretirement plans other than pensions shall recognize in its statement of financial position the funded statuses of those plans. The employer shall aggregate the statuses of all overfunded plans and recognize that amount as an asset in its statement of financial position. It also shall aggregate the statuses of all underfunded plans and recognize that amount as a liability in its statement of financial position.
","snippet":"An employer that sponsors one or more single-employer defined benefit postretirement plans other than pensions shall recognize in its statement of financial position the funded statuses of those plans. The employer shall…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2b1d6bf3343a4515663ae78a20ec6d28d95b66ae0b959bd3660de63e23c43e95","downloaded_from":"2026-09-10T01:00:39.096Z","last_downloaded_at":"2026-09-10T01:00:39.096Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480332","source_sha256":"9b19c65b6bb2fc2f162b66a2a71ad49def73630578f60bae317810c217978e8f"}},{"citation":"715-60-25-2","para":"25-2","html":"
As indicated in paragraphs
715-60-35-125 through 35-126
remeasurement of both plan assets and the accumulated postretirement benefit obligation may be necessary. Upon remeasurement, a business entity shall adjust its statement of financial position in a subsequent interim period to reflect the overfunded or underfunded status of the plan consistent with that measurement date.
","snippet":"As indicated in paragraphs 715-60-35-125 through 35-126 remeasurement of both plan assets and the accumulated postretirement benefit obligation may be necessary. Upon remeasurement, a business entity shall adjust its sta…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f80f7bf9dc5a0592d0142c7db026a124844cb366d0bba15c67e3983c0c8f3f0b","downloaded_from":"2026-09-10T01:00:39.096Z","last_downloaded_at":"2026-09-10T01:00:39.096Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480332","source_sha256":"9b19c65b6bb2fc2f162b66a2a71ad49def73630578f60bae317810c217978e8f"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b85de9ef474401569459bd6a62e461174ce94bd90715839efdf7a813a836dcf4","downloaded_from":"2026-09-10T01:00:39.096Z","last_downloaded_at":"2026-09-10T01:00:39.096Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480332","source_sha256":"9b19c65b6bb2fc2f162b66a2a71ad49def73630578f60bae317810c217978e8f"}},{"block":null,"heading":"Participation Rights","paragraphs":[{"citation":"715-60-25-3","para":"25-3","html":"
To the extent that insurance contracts meeting the conditions for treatment as insurance contracts in paragraph 715-60-35-110 are purchased during the current period to cover postretirement benefits attributed to service in that period (such as life insurance benefits), the cost of those benefits shall be the cost of purchasing the coverage under the contracts, except the cost of the participation right, which shall be recognized at the date of purchase as an asset.
","snippet":"To the extent that insurance contracts meeting the conditions for treatment as insurance contracts in paragraph 715-60-35-110 are purchased during the current period to cover postretirement benefits attributed to service…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:7be4a61e508f08ead225d150ecfe88b7f52c192141077dce69084ac27dfdb544","downloaded_from":"2026-09-10T01:00:39.096Z","last_downloaded_at":"2026-09-10T01:00:39.096Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480332","source_sha256":"9b19c65b6bb2fc2f162b66a2a71ad49def73630578f60bae317810c217978e8f"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:fb7b2a1fcdcfeaac430253f8f5834ff202c023114ea575ba0faf63eee4c1ac47","downloaded_from":"2026-09-10T01:00:39.096Z","last_downloaded_at":"2026-09-10T01:00:39.096Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480332","source_sha256":"9b19c65b6bb2fc2f162b66a2a71ad49def73630578f60bae317810c217978e8f"}},{"block":"Settlements, Curtailments, and Certain Termination Benefits","heading":null,"paragraphs":[{"citation":"715-60-25-4","para":"25-4","html":"
The Settlements, Curtailments, and Certain Termination Benefits Subsections provide recognition guidance for the postretirement benefit incentive to be received by employees in exchange for early termination. Postretirement benefits offered as special or contractual termination benefits shall be recognized in accordance with paragraph 715-30-25-10.
","snippet":"The Settlements, Curtailments, and Certain Termination Benefits Subsections provide recognition guidance for the postretirement benefit incentive to be received by employees in exchange for early termination. Postretirem…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2d7a685dc35b1530e1ba6b5e34e16fb919d3a0d9864a806c12a1581cde2c304a","downloaded_from":"2026-09-10T01:00:39.096Z","last_downloaded_at":"2026-09-10T01:00:39.096Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480332","source_sha256":"9b19c65b6bb2fc2f162b66a2a71ad49def73630578f60bae317810c217978e8f"}},{"citation":"715-60-25-5","para":"25-5","html":"
Situations involving special or contractual termination benefits may also result in a curtailment to be accounted for under paragraphs
715-60-35-161 through 35-171
.
","snippet":"Situations involving special or contractual termination benefits may also result in a curtailment to be accounted for under paragraphs 715-60-35-161 through 35-171.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1464623a285e47f25d38aaeaf86b42d2c2edb34fba3d4b9eea312859e8264290","downloaded_from":"2026-09-10T01:00:39.096Z","last_downloaded_at":"2026-09-10T01:00:39.096Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480332","source_sha256":"9b19c65b6bb2fc2f162b66a2a71ad49def73630578f60bae317810c217978e8f"}},{"citation":"715-60-25-6","para":"25-6","html":"
The liability and loss recognized for employees who accept an offer of special termination benefits to be provided by a postretirement benefit plan shall be the difference between:
  1. a
    The accumulated postretirement benefit obligation for those employees, assuming that those employees (active plan participants) not yet fully eligible for benefits would terminate at their full eligibility date and that fully eligible plan participants would retire immediately, without considering any special termination benefits
  2. b
    The accumulated postretirement benefit obligation as measured in (a) adjusted to reflect the special termination benefits.
See Example 4 (paragraphs
715-60-55-135 through 55-139
) and Example 7 (paragraphs
715-60-55-161 through 55-175
).
","snippet":"The liability and loss recognized for employees who accept an offer of special termination benefits to be provided by a postretirement benefit plan shall be the difference between:\n(a) The accumulated postretirement bene…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c173395e918f7a752ab80343671766652b464264462e1b16f73eae6e7dd084f4","downloaded_from":"2026-09-10T01:00:39.096Z","last_downloaded_at":"2026-09-10T01:00:39.096Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480332","source_sha256":"9b19c65b6bb2fc2f162b66a2a71ad49def73630578f60bae317810c217978e8f"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:4f02f25d4e565606ddfd152d26077219f2f22d362179c26e1b964d1ce2a8c733","downloaded_from":"2026-09-10T01:00:39.096Z","last_downloaded_at":"2026-09-10T01:00:39.096Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480332","source_sha256":"9b19c65b6bb2fc2f162b66a2a71ad49def73630578f60bae317810c217978e8f"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:63eaff661c6f4fa14015a04d42ae7e139c39b14f257865fb85689e50c8870388","downloaded_from":"2026-09-10T01:00:39.096Z","last_downloaded_at":"2026-09-10T01:00:39.096Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480332","source_sha256":"9b19c65b6bb2fc2f162b66a2a71ad49def73630578f60bae317810c217978e8f"}},{"number":"35","label":"35 Subsequent Measurement","anchor":"35-subsequent-measurement","is_sec":false,"groups":[{"block":null,"heading":"Use of Reasonable Approximations","paragraphs":[{"citation":"715-60-35-1","para":"35-1","html":"
This Subtopic is intended to specify accounting objectives and results rather than computational means of obtaining those results. If estimates, averages, or computational shortcuts can reduce the cost of applying this Subtopic, their use is appropriate, provided the results are reasonably expected not to be materially different from the results of a detailed application.
","snippet":"This Subtopic is intended to specify accounting objectives and results rather than computational means of obtaining those results. If estimates, averages, or computational shortcuts can reduce the cost of applying this S…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3f12f577ed4b0e23a575d53c543048b7dfc483d88b2a4ddc7c2a545b4f2c6dc1","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:5e53827ff7aa81acf07f1976a9e5c9e2ed15eb36bd67566d3d49f7228139f23d","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"block":null,"heading":"Benefit Obligations","paragraphs":[{"citation":"715-60-35-1A","para":"35-1A","html":"
This Subtopic uses two terms to describe certain measures of the obligation to provide postretirement benefits: expected postretirement benefit obligation and accumulated postretirement benefit obligation.
","snippet":"This Subtopic uses two terms to describe certain measures of the obligation to provide postretirement benefits: expected postretirement benefit obligation and accumulated postretirement benefit obligation.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:cbfa9ab5e5907988e78e5aa337b2b3af798320b114b64b9ec917206c624e5e01","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-2","para":"35-2","html":"
Measurement of the expected postretirement benefit obligation is based on the expected amount and timing of future benefits, taking into consideration the expected future cost of providing the benefits and the extent to which those costs are shared by the employer, the employee (including consideration of contributions required during the employee's active service period and following retirement, deductibles, coinsurance provisions, and so forth), or others (such as through governmental programs).
","snippet":"Measurement of the expected postretirement benefit obligation is based on the expected amount and timing of future benefits, taking into consideration the expected future cost of providing the benefits and the extent to …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:67e0452368b7227a72644a9e8762872fe8adba92b58ae5a31f2b4db8fb0e8914","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-3","para":"35-3","html":"
The accumulated postretirement benefit obligation is the actuarial present value of all future benefits attributed to an employee's service rendered to a particular date pursuant to paragraphs
715-60-35-16 through 35-20
, 715-60-35-62, and 715-60-35-66, assuming the plan continues in effect and all assumptions about future events are fulfilled.
","snippet":"The accumulated postretirement benefit obligation is the actuarial present value of all future benefits attributed to an employee's service rendered to a particular date pursuant to paragraphs 715-60-35-16 through 35-20,…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d340771849030cb31b51a76033ccac9bfaac3f54ad3c6858e95e1ba448bcb568","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-4","para":"35-4","html":"
The accumulated postretirement benefit obligation generally reflects a ratable allocation of expected future benefits to employee service already rendered in the attribution period.
","snippet":"The accumulated postretirement benefit obligation generally reflects a ratable allocation of expected future benefits to employee service already rendered in the attribution period.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e1e5cf22d6f18acbd327b338ac707f7ed9fb8d80907ee640a0760faeace68688","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-5","para":"35-5","html":"
An employer that sponsors one or more single-employer defined benefit other postretirement plans other than pensions shall measure the funded status for each plan as the difference between the fair value of plan assets and the accumulated postretirement benefit obligation as it is defined in this Subtopic.
","snippet":"An employer that sponsors one or more single-employer defined benefit other postretirement plans other than pensions shall measure the funded status for each plan as the difference between the fair value of plan assets a…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8bcf27b8f64a8491ad75eb248a3080d944f7d2d6a7f7a2c31adfb2f137c23a20","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-6","para":"35-6","html":"
See paragraphs
715-60-55-35 through 55-39
for an illustration of the terms expected postretirement benefit obligation and accumulated postretirement benefit obligation.
","snippet":"See paragraphs 715-60-55-35 through 55-39 for an illustration of the terms expected postretirement benefit obligation and accumulated postretirement benefit obligation.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:cff13629733cdff1d1f9faf07f96c2b00280b558921bd5881889581d7d100c63","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:49c4a408b7f33c0be442422f019098867ca84501a27c1d64c1b07039de124554","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"block":null,"heading":"Components of Net Periodic Postretirement Benefit Cost","paragraphs":[{"citation":"715-60-35-7","para":"35-7","html":"
As with other forms of deferred compensation, the cost of providing postretirement benefits shall be attributed to the periods of employee service rendered in exchange for those future benefits pursuant to the terms of the plan. That cost notionally represents the change in the unfunded accumulated postretirement benefit obligation for the period, ignoring employer contributions to the plan, plan settlements, and payments made by the employer directly to retirees. However, changes in that unfunded obligation that arise from experience gains and losses and the effects of changes in assumptions may be recognized as a component of net periodic postretirement benefit cost on a delayed basis. In addition, the effects of a plan initiation or amendment generally are recognized on a delayed basis.
","snippet":"As with other forms of deferred compensation, the cost of providing postretirement benefits shall be attributed to the periods of employee service rendered in exchange for those future benefits pursuant to the terms of t…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:902d907fc5b7d842d6ea3a37642b8627170c9ae1c72cf8260fc7b3226c2de88b","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-8","para":"35-8","html":"
Thus, any change in the accumulated postretirement benefit obligation or the plan assets (other than contributions and benefit payments) either is initially recognized in other comprehensive income or is included in net periodic postretirement benefit cost. Contributions to a funded plan by the employer decrease the recognized postretirement benefit liability or increase the recognized postretirement benefit asset.
","snippet":"Thus, any change in the accumulated postretirement benefit obligation or the plan assets (other than contributions and benefit payments) either is initially recognized in other comprehensive income or is included in net …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f66febd17aa106e8365f747580d17f9cb18bb4671be1595edd36df28e10faff1","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-9","para":"35-9","html":"
Net periodic postretirement benefit cost comprises several components that reflect different aspects of the employer's financial arrangements. All of the following components shall be included in the net periodic postretirement benefit cost recognized by an employer sponsoring a defined benefit postretirement plan:
  1. a
    Service cost (see the following paragraph).
  2. b
    Interest cost (see paragraph 715-60-35-11). The interest cost component of postretirement benefit cost shall not be considered interest for purposes of applying Subtopic 835-20.
  3. c
    Actual return on plan assets, if any (see paragraphs
    715-60-35-23 through 35-36
    )
  4. d
    Amortization of any prior service cost or credit included in accumulated other comprehensive income to the extent required by paragraphs
    715-60-35-13 through 35-20
    .
  5. e
    Gain or loss (including the effects of changes in assumptions) to the extent recognized, which includes amortization of the net gain or loss included in accumulated other comprehensive income (see paragraphs
    715-60-35-23 through 35-36
    ).
  6. f
    Amortization of any obligation or asset existing at the date of initial application of this Subtopic, hereinafter referred to as the transition obligation or transition asset remaining in accumulated other comprehensive income (see paragraphs
    715-60-35-38 through 35-40
    ).
","snippet":"Net periodic postretirement benefit cost comprises several components that reflect different aspects of the employer's financial arrangements. All of the following components shall be included in the net periodic postret…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e9ffd976eed0ee7fff96161246848fbc31620fefbfa5abf3a8557d0794770cbc","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-10","para":"35-10","html":"
The measurement of the service cost component requires identification of the substantive plan and the use of assumptions and an attribution method, which are discussed in paragraphs
715-60-35-48 through 35-105
.
","snippet":"The measurement of the service cost component requires identification of the substantive plan and the use of assumptions and an attribution method, which are discussed in paragraphs 715-60-35-48 through 35-105.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0f50e69dc80aa42791a9d1d9ef19e16a4af06821647b84bf91df1af01f0e7280","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-10A","para":"35-10A","html":"
The service cost component shall be the only component of net periodic postretirement benefit cost eligible to be capitalized as part of the cost of inventory or other assets.
","snippet":"The service cost component shall be the only component of net periodic postretirement benefit cost eligible to be capitalized as part of the cost of inventory or other assets.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:12105e915af591694938e21aa0a3d649922a67a3122694a000981bfe6ea601bb","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-11","para":"35-11","html":"
Interest cost is the interest on the accumulated postretirement benefit obligation, which is a discounted amount. Measuring the accumulated postretirement benefit obligation as a present value requires accrual of an interest cost at rates equal to the assumed discount rates.
","snippet":"Interest cost is the interest on the accumulated postretirement benefit obligation, which is a discounted amount. Measuring the accumulated postretirement benefit obligation as a present value requires accrual of an inte…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9e246a8a888f09d86e36a7f0bece7f7ba4218230d926ee83958de4090a80f960","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-12","para":"35-12","html":"
In measuring an employer's expected and accumulated postretirement benefit obligations, changes in in-kind benefits covered by a postretirement health care plan or by other postretirement benefit plans shall not be anticipated. However, if the employer amends the benefits to be provided by the plan, the effect of the amendment is recognized immediately in measuring the employer's expected and accumulated postretirement benefit obligations, even if the effective date of the change in benefits is delayed until a specified date in the future.
","snippet":"In measuring an employer's expected and accumulated postretirement benefit obligations, changes in in-kind benefits covered by a postretirement health care plan or by other postretirement benefit plans shall not be antic…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:6c9e26e3648d4225ce582e7520c93d34050c33cc2511bb554b5e37c1f52060bd","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-13","para":"35-13","html":"
Plan amendments (including initiation of a plan) may include provisions that attribute the increase or reduction in benefits to employee service rendered in prior periods or only to employee service to be rendered in future periods.
","snippet":"Plan amendments (including initiation of a plan) may include provisions that attribute the increase or reduction in benefits to employee service rendered in prior periods or only to employee service to be rendered in fut…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:602c03422d8040b400622aff9dcc9a9ff794b5294768412a5957dbe0b7dd21dd","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-14","para":"35-14","html":"
For purposes of measuring the accumulated postretirement benefit obligation, the effect of a plan amendment on a plan participant's expected postretirement benefit obligation shall be attributed to each year of service in that plan participant's attribution period, including years of service already rendered by that plan participant, in accordance with the attribution of the expected postretirement benefit obligation to years of service as discussed in paragraphs 715-60-35-62 and 715-60-35-66. If a plan is initiated that grants benefits solely in exchange for employee service after the date of the plan initiation or a future date, no portion of the expected postretirement benefit obligation is attributed to prior service periods because, in that case, the credited service period for the current employees who are expected to receive benefits under the plan begins at the date of the plan initiation or the future date.
","snippet":"For purposes of measuring the accumulated postretirement benefit obligation, the effect of a plan amendment on a plan participant's expected postretirement benefit obligation shall be attributed to each year of service i…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:edf01bfdbb999a36e27232963a9a2058ef1b8ed55fade544921683979bf8a902","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-15","para":"35-15","html":"
Plan amendments that improve benefits are granted with the expectation that the employer will realize economic benefits in future periods. Consequently, except as discussed in paragraph 715-60-35-19 this Subtopic does not permit the cost of benefit improvements (that is, prior service cost) to be included in net periodic postretirement benefit cost entirely in the year of the amendment. Rather, paragraphs
715-60-35-16 through 35-17
 requires that prior service cost arising from a plan initiation or plan amendment shall be recognized initially in other comprehensive income with subsequent amortization in net periodic postretirement benefit cost, at a minimum, by assigning an equal amount of the prior service cost to each remaining year of service to the full eligibility date of each plan participant active at the date of the plan initiation or amendment. (See paragraphs
715-60-35-20 through 35-22
for plan amendments that reduce benefits.)
","snippet":"Plan amendments that improve benefits are granted with the expectation that the employer will realize economic benefits in future periods. Consequently, except as discussed in paragraph 715-60-35-19 this Subtopic does no…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:641122a39e785f89553e5a9548b962636cd806e0a87572f2073cdd22d599a02a","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-16","para":"35-16","html":"
A plan amendment that retroactively increases benefits (including benefits that are granted to fully eligible plan participants) increases the accumulated postretirement benefit obligation. The cost of the benefit improvement shall be recognized as a charge to other comprehensive income at the date of the amendment.
","snippet":"A plan amendment that retroactively increases benefits (including benefits that are granted to fully eligible plan participants) increases the accumulated postretirement benefit obligation. The cost of the benefit improv…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:5ccb86ee9f0bded638806517602a78fccf55788b1b83454b2de9ec332b5e96d6","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-17","para":"35-17","html":"
Except as stated in this paragraph and in paragraphs
715-60-35-18 through 35-19
, prior service cost shall be amortized as a component of net periodic postretirement benefit cost by assigning an equal amount to each remaining year of service to the full eligibility date of each plan participant active at the date of the amendment who was not yet fully eligible for benefits at that date. To determine total remaining service years before full eligibility, consideration is given to the remaining number of years of service to the full eligibility date of each plan participant or group of plan participants active at the date of the plan amendment who is not yet fully eligible for benefits. In determining the amortization period, future years of service of active employees who are not plan participants are excluded. Thus, the portion of prior service cost to be recognized in net periodic postretirement benefit cost in each of those future years is weighted based on the number of those plan participants expected to render service in each of those future years. If all or almost all of a plan's participants are fully eligible for benefits, the prior service cost shall be amortized based on the remaining life expectancy of those plan participants rather than on the remaining years of service to the full eligibility dates of the active plan participants. Other comprehensive income is adjusted as a result of amortizing prior service cost.
","snippet":"Except as stated in this paragraph and in paragraphs 715-60-35-18 through 35-19, prior service cost shall be amortized as a component of net periodic postretirement benefit cost by assigning an equal amount to each remai…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:5496e34521924b80fc263264dfeef0217e98bb29313d9dda563f14ebeaaad04b","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-18","para":"35-18","html":"
To reduce the complexity and detail of the computations required, consistent use of an alternative approach that more rapidly amortizes the prior service cost recognized in accumulated other comprehensive income is permitted. For example, a straight-line amortization of the cost over the average remaining years of service to full eligibility for benefits of the active plan participants is acceptable.
","snippet":"To reduce the complexity and detail of the computations required, consistent use of an alternative approach that more rapidly amortizes the prior service cost recognized in accumulated other comprehensive income is permi…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:66f1ec16d18219f71010795b9a0e9a8b19f8c9431501bec7c6b51587185935bf","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-19","para":"35-19","html":"
In some situations, a history of regular plan amendments and other evidence may indicate that the period during which the employer expects to realize economic benefits from an amendment that grants increased benefits is shorter than the remaining years of service to full eligibility for benefits of the active plan participants. Identification of those situations requires an assessment of the individual circumstances of the particular plan. In those circumstances, the amortization of prior service cost shall be accelerated to reflect the more rapid expiration of the employer's economic benefits and to recognize the cost in the periods benefited.
","snippet":"In some situations, a history of regular plan amendments and other evidence may indicate that the period during which the employer expects to realize economic benefits from an amendment that grants increased benefits is …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2c9d2cdc2ef3c0cff5f2a6c727dae2090402aab05be69b92407e771586758507","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-20","para":"35-20","html":"
A plan amendment that retroactively reduces, rather than increases, benefits decreases the accumulated postretirement benefit obligation. The reduction in benefits shall be recognized as a corresponding credit (prior service credit) to other comprehensive income that shall be used first to reduce any remaining prior service cost included in accumulated other comprehensive income, then to reduce any transition obligation remaining in accumulated other comprehensive income. The excess, if any, shall be amortized as a component of net periodic postretirement benefit cost on the same basis as specified in paragraphs
715-60-35-16 through 35-17
for prior service cost. Immediate recognition of the excess is not permitted. However, as with a plan amendment that increases benefits, the effect of a negative plan amendment (an amendment that decreases benefits) is reflected immediately in the measurement of the accumulated postretirement benefit obligation.
","snippet":"A plan amendment that retroactively reduces, rather than increases, benefits decreases the accumulated postretirement benefit obligation. The reduction in benefits shall be recognized as a corresponding credit (prior ser…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b27068d17a6ccb66e102d8dc294a44731666fa29bde973eaca521c4bfb06ccaf","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-21","para":"35-21","html":"
The effects of a plan amendment, whether positive or negative, shall be considered at the date the amendment is adopted only if it is communicated to plan participants at that time or within a reasonable period of time thereafter; that is, within the time period that would ordinarily be required to prepare information about the amendment and disseminate it to employees and retirees.
","snippet":"The effects of a plan amendment, whether positive or negative, shall be considered at the date the amendment is adopted only if it is communicated to plan participants at that time or within a reasonable period of time t…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e4cc98963b023e9533a193fcf7db9d928e9ba4634a82b58889082d1d761803e9","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-22","para":"35-22","html":"
See paragraphs
715-60-55-19 through 55-21
and
715-60-55-140 through 55-160
for implementation guidance on plan amendments.
","snippet":"See paragraphs 715-60-55-19 through 55-21 and 715-60-55-140 through 55-160 for implementation guidance on plan amendments.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8ba0f1287c23d8bbf0d87008e605e24def956b8fd49be62c3a34a19ed5f6cc93","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-23","para":"35-23","html":"
This Subtopic generally does not distinguish between gains and losses that result from experience different than assumed or from changes in assumptions. Gains and losses include amounts that have been realized, for example, by the sale of a security, as well as amounts that are unrealized.
","snippet":"This Subtopic generally does not distinguish between gains and losses that result from experience different than assumed or from changes in assumptions. Gains and losses include amounts that have been realized, for examp…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:12a52bc131e127e179765e40578ed907fcac52059be7bd39e4f92cb8908d7409","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-24","para":"35-24","html":"
Because gains and losses may reflect refinements in estimates as well as real changes in economic values and because some gains in one period may be offset by losses in another or vice versa, this Subtopic does not require recognition of gains and losses as components of net postretirement benefit cost in the period in which they arise, except as described in paragraphs
715-60-35-34 through 35-35
.
","snippet":"Because gains and losses may reflect refinements in estimates as well as real changes in economic values and because some gains in one period may be offset by losses in another or vice versa, this Subtopic does not requi…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9dda905c94679a2fb46e30d0362b03ad3dc9727fa0afe6544e0ee8f62ed11720","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-25","para":"35-25","html":"
Gains and losses that are not recognized immediately as a component of net periodic postretirement benefit cost shall be recognized as increases or decreases in other comprehensive income as they arise. (Gain and loss recognition in accounting for settlements and curtailments is addressed in paragraphs
715-60-35-149 through 35-171
.)
","snippet":"Gains and losses that are not recognized immediately as a component of net periodic postretirement benefit cost shall be recognized as increases or decreases in other comprehensive income as they arise. (Gain and loss re…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:02fb69260a75051fba48c75cf2b01cf25c53c03ce818807e5f6f18a6d41ac282","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-26","para":"35-26","html":"
The expected return on plan assets shall be determined based on the expected long-term rate of return on plan assets (see paragraphs
715-60-35-84 through 35-87
) and the market-related value of plan assets. If the fund holding plan assets is a taxable entity, the expected long-term rate of return on plan assets is net of estimated income taxes.
","snippet":"The expected return on plan assets shall be determined based on the expected long-term rate of return on plan assets (see paragraphs 715-60-35-84 through 35-87) and the market-related value of plan assets. If the fund ho…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:26eff41e1dafaf3dce4f6da5b50d00f9bd889317debe72d2503697687b18955b","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-27","para":"35-27","html":"
Plan asset gains and losses are differences between the actual return on plan assets during a period and the expected return on plan assets for that period. Plan asset gains and losses include both of the following:
  1. a
    Changes reflected in the market-related value of plan assets
  2. b
    Changes not yet reflected in the market-related value of plan assets (that is, the difference between the fair value and the market-related value of plan assets).
","snippet":"Plan asset gains and losses are differences between the actual return on plan assets during a period and the expected return on plan assets for that period. Plan asset gains and losses include both of the following:\n(a) …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:133e6a9b9ed2f15b9592f4e197902fa2a35b16e3967597609212229627ff79f5","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-28","para":"35-28","html":"
Plan asset gains and losses not yet reflected in market-related value are not required to be amortized under the following paragraph and paragraphs
715-60-35-31 through 35-32
.
","snippet":"Plan asset gains and losses not yet reflected in market-related value are not required to be amortized under the following paragraph and paragraphs 715-60-35-31 through 35-32.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1ddcad629fa3d8948cf47e8f355829abd4eafb1e2b1101e0b48be5d4c5d1ea7c","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-29","para":"35-29","html":"
As a minimum, amortization of a net gain or loss included in accumulated other comprehensive income (excluding plan asset gains and losses not yet reflected in market-related value) shall be included as a component of net periodic postretirement benefit cost for a year if, as of the beginning of the year, that net gain or loss exceeds 10 percent of the greater of the accumulated postretirement benefit obligation or the market-related value of plan assets. If amortization is required, the minimum amortization shall be that excess divided by the average remaining service period of active plan participants. If all or almost all of a plan's participants are inactive, the average remaining life expectancy of the inactive participants shall be used instead of the average remaining service period.
","snippet":"As a minimum, amortization of a net gain or loss included in accumulated other comprehensive income (excluding plan asset gains and losses not yet reflected in market-related value) shall be included as a component of ne…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9d171b068ac5d31c1d0638ef81386afa5b6f68e5a4d37cb123ac63f768fccc7a","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-30","para":"35-30","html":"
The amortization shall reduce the beginning-of-the-year balance included in accumulated other comprehensive income. Amortization of a net gain included in accumulated other comprehensive income results in a decrease in net periodic postretirement benefit cost; amortization of a net loss included in accumulated other comprehensive income results in an increase in net periodic postretirement benefit cost.
","snippet":"The amortization shall reduce the beginning-of-the-year balance included in accumulated other comprehensive income. Amortization of a net gain included in accumulated other comprehensive income results in a decrease in n…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a5c38b151ed734a0a8a0cafd56fdd60ec515fbf214fff4d43291a920667cf927","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-31","para":"35-31","html":"
Any systematic method of amortizing gains and losses included in accumulated other comprehensive income may be used in place of the minimum amortization specified in paragraph 715-60-35-29 provided that all of the following conditions are met:
  1. a
    The minimum amortization is recognized in any period in which it is greater (reduces the net gain or loss balance by more) than the amount that would be recognized under the method used.
  2. b
    The method is applied consistently.
  3. c
    The method is applied similarly to both gains and losses.
","snippet":"Any systematic method of amortizing gains and losses included in accumulated other comprehensive income may be used in place of the minimum amortization specified in paragraph 715-60-35-29 provided that all of the follow…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:5d3736441cceb73e6054177eb12443d2035432d0732bfeb01839d9d60e4d13cb","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-32","para":"35-32","html":"
If an entity uses a method of consistently recognizing gains and losses immediately, any gain that does not offset a loss previously recognized in income pursuant to this paragraph shall first offset any transition obligation remaining in accumulated other comprehensive income; any loss that does not offset a gain previously recognized in income pursuant to this paragraph shall first offset any transition asset remaining in accumulated other comprehensive income.
","snippet":"If an entity uses a method of consistently recognizing gains and losses immediately, any gain that does not offset a loss previously recognized in income pursuant to this paragraph shall first offset any transition oblig…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d7be4c327433f76d62d1e70a9c96f5b10c8f0ec4b8773efad13907a9cf8996ff","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-33","para":"35-33","html":"
In applying the provisions of paragraphs
715-60-35-29 through 35-32
for the recognition of gains and losses as a component of net periodic postretirement benefit cost, it is not appropriate for an employer to elect annually a new method of amortization of gains and losses included in accumulated other comprehensive income. Rather, an employer shall select an amortization method and apply it consistently from period to period as long as the resulting amortization equals or exceeds the minimum amortization specified by paragraph 715-60-35-29. Any change in the method selected would be subject to Topic 250.
","snippet":"In applying the provisions of paragraphs 715-60-35-29 through 35-32 for the recognition of gains and losses as a component of net periodic postretirement benefit cost, it is not appropriate for an employer to elect annua…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b0a79e8a33d88cc1d2e80d191a808f245ff7cb55d8b5d73f5212f56d83e67847","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-34","para":"35-34","html":"
In some situations, an employer may forgive a retrospective adjustment of the current or past years' cost-sharing provisions of the plan as they relate to benefit costs already incurred by retirees or may otherwise deviate from the provisions of the substantive plan to increase or decrease the employer's share of the benefit costs incurred in the current or past periods. The effect of a decision to temporarily deviate from the substantive plan shall be immediately recognized as a loss or gain.
","snippet":"In some situations, an employer may forgive a retrospective adjustment of the current or past years' cost-sharing provisions of the plan as they relate to benefit costs already incurred by retirees or may otherwise devia…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8ddc2ef5241030100e0e7389fda670cae58e1c48a4b225d581043756f258b125","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-35","para":"35-35","html":"
For example, the terms of a substantive postretirement health care plan may provide that any shortfall resulting from current year benefit payments in excess of the employer's stated share of incurred claims cost and retiree contributions for that year is to be recovered from increased retiree contributions in the subsequent year. The employer may subsequently determine that increasing retiree contributions for the shortfall in the prior year would be onerous and decides to bear the cost of the shortfall for that year. The employer's decision to bear the shortfall represents a change in intent and the resulting loss shall be recognized immediately. Future decisions by the employer to continue to bear the shortfall suggest an amendment of the substantive plan that shall be accounted for as described in paragraphs
715-60-35-12 through 35-22
.
","snippet":"For example, the terms of a substantive postretirement health care plan may provide that any shortfall resulting from current year benefit payments in excess of the employer's stated share of incurred claims cost and ret…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:040d9c453e74e802b51f130eb81d05dc74e833f3ade53929412e13fa2ae61480","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-36","para":"35-36","html":"
The gain or loss component of net periodic postretirement benefit cost shall consist of all of the following:
  1. a
    The difference between the actual return on plan assets and the expected return on plan assets
  2. b
    Any gain or loss immediately recognized or the amortization of the net gain or loss included in accumulated other comprehensive income
  3. c
    Any amount immediately recognized as a gain or loss pursuant to paragraphs
    715-60-35-34 through 35-35
    .
","snippet":"The gain or loss component of net periodic postretirement benefit cost shall consist of all of the following:\n(a) The difference between the actual return on plan assets and the expected return on plan assets\n(b) Any gai…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:174aee4155691e638db40afc64490fc14a51987ce4426ff140ce853d158f73de","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-37","para":"35-37","html":"
See paragraphs
715-60-55-22 through 55-25
for implementation guidance on gains and losses.
","snippet":"See paragraphs 715-60-55-22 through 55-25 for implementation guidance on gains and losses.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:89b9499555785f1bc65597df89ac2012838c404c4f6bcc36fc73d8e39375d059","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-38","para":"35-38","html":"
Amortization of the transition obligation or asset shall be adjusted prospectively to recognize the effects of all of the following:
  1. a
    A negative plan amendment pursuant to paragraph 715-60-35-20
  2. b
    A constraint on immediate recognition of a net gain or loss pursuant to paragraphs
    715-60-35-31 through 35-32
  3. c
    Settlement accounting pursuant to paragraphs
    715-60-35-150 through 35-155
  4. d
    Plan curtailment accounting pursuant to paragraphs
    715-60-35-161 through 35-171
  5. e
    A constraint on delayed amortization of the transition obligation pursuant to the following paragraph.
","snippet":"Amortization of the transition obligation or asset shall be adjusted prospectively to recognize the effects of all of the following:\n(a) A negative plan amendment pursuant to paragraph 715-60-35-20\n(b) A constraint on im…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c189bfcf981461c99087da8c0a6f6099fe8aa0ada1a3b41baa5c1d4164320441","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-39","para":"35-39","html":"
The amortization of the transition obligation shall be accelerated if the cumulative benefit payments after the date the employer first applied the provisions of this Subtopic to all plan participants exceed the cumulative postretirement benefit cost accrued after the transition date. In that situation, an additional amount of the transition obligation remaining in accumulated other comprehensive income shall be recognized as a component of net periodic postretirement benefit cost equal to the excess cumulative benefit payments. For purposes of applying this provision, cumulative benefit payments shall be reduced by any plan assets or any recognized accrued postretirement benefit obligation at the date the employer first applied the provisions of this Subtopic. Payments made pursuant to a settlement, as discussed in paragraphs
715-60-35-150 through 35-159
, shall be included in the determination of cumulative benefit payments made after the transition date. If a settlement occurs in the middle of the year, the additional transition obligation to be recognized in income, if any, pursuant to the constraint in this paragraph is determined based on projected amounts for the full year.
","snippet":"The amortization of the transition obligation shall be accelerated if the cumulative benefit payments after the date the employer first applied the provisions of this Subtopic to all plan participants exceed the cumulati…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:fca528f8133ba770291fa6ca6d57f30c4cd4597e757a28fd87092176661a2701","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-40","para":"35-40","html":"
If at the measurement date for the beginning of an employer's fiscal year it is expected that additional recognition in net periodic postretirement benefit cost of any transition obligation remaining in accumulated other comprehensive income will be required pursuant to the preceding paragraph, amortization of the transition obligation for interim reporting purposes (see Topic 270) shall be based on the amount expected to be amortized for the year, except for the effects of applying the preceding paragraph for any settlement required to be accounted for pursuant to paragraphs
715-60-35-150 through 35-159
. Those effects shall be recognized in net periodic postretirement benefit cost when the related settlement is recognized in income. The effects of changes during the year in the initial assessment of whether additional recognition in net periodic postretirement benefit cost of the transition obligation remaining in accumulated other comprehensive income for the year shall be recognized in net periodic postretirement benefit cost over the remainder of the year. The amount of the transition obligation remaining in accumulated other comprehensive income to be recognized in net periodic postretirement benefit cost for a year shall be finally determined at the measurement date for the end of the year based on the constraints on delayed recognition in net periodic postretirement benefit cost discussed in the preceding paragraph; any difference between the amortization of the transition obligation recognized in net periodic postretirement benefit cost during interim periods and the amount required to be recognized in net periodic postretirement benefit cost for the year shall be recognized in net periodic postretirement benefit cost immediately.
","snippet":"If at the measurement date for the beginning of an employer's fiscal year it is expected that additional recognition in net periodic postretirement benefit cost of any transition obligation remaining in accumulated other…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d659436d41ddf0f8fdf093afd65a77179e7b7580dff5afbb1dfaefc14ae431a0","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8d107b412b3d99839f5ee1653d4444f0f6dcb33d9f71712fde7e6a0326f663fd","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"block":null,"heading":"Measurement of Costs and Obligations","paragraphs":[{"citation":"715-60-35-41","para":"35-41","html":"
Any method of accounting that recognizes the cost of postretirement benefits over employee service periods (before the payment of benefits to retirees) must deal with two factors that stem from the nature of the arrangement. First, estimates or assumptions shall be made about the future events that will determine the amount and timing of the benefit payments. Second, an attribution approach that assigns benefits and the cost of those benefits to individual years of service shall be selected.
","snippet":"Any method of accounting that recognizes the cost of postretirement benefits over employee service periods (before the payment of benefits to retirees) must deal with two factors that stem from the nature of the arrangem…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2df43484d364354850243ab4b195d940b935528e00e9b5d352fc5192bd2e7d58","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-42","para":"35-42","html":"
Unlike Subtopic 715-30, this Subtopic implicitly considers salary progression in the measurement of the accumulated postretirement benefit obligation of a pay-related plan. Because measurement of the expected postretirement benefit obligation includes an assumed salary progression for a pay-related plan, salary progression is, by definition, included in the accumulated benefit obligation for a pay-related postretirement benefit plan. Thus, the accumulated postretirement benefit obligation disclosed pursuant to Subtopic 715-20 is defined in terms notionally more comparable to the projected benefit obligation under Subtopic 715-30.
","snippet":"Unlike Subtopic 715-30, this Subtopic implicitly considers salary progression in the measurement of the accumulated postretirement benefit obligation of a pay-related plan. Because measurement of the expected postretirem…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:7d6af7f7e02ac8fc6ca2947d8edadab93a559883de2a23eac82239bbb220e6f0","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-43","para":"35-43","html":"
For other postretirement plans that provide disability benefits, the determination of disability benefits to be accrued pursuant to this Subtopic is based on the terms of the postretirement benefit plan defining when a disabled employee is entitled to postretirement benefits.
","snippet":"For other postretirement plans that provide disability benefits, the determination of disability benefits to be accrued pursuant to this Subtopic is based on the terms of the postretirement benefit plan defining when a d…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:5c2551e0dc8e8d6180289abe670dba3819746309bfee3248d68e12e7bb526d72","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-44","para":"35-44","html":"
For example, an employer may promise to provide postretirement health care coverage to all employees who render 30 or more years of service. The employer may carry active employees who become disabled on active status so a disabled employee continues to accumulate credit toward postretirement benefits. Measurement of the expected postretirement benefit obligation shall include an assumption that some employees who are expected to receive benefits under the postretirement benefit plan will become disabled and cease working before the date at which they otherwise would have been eligible for postretirement health care benefits. The measurement of the postretirement benefits expected to be paid to disabled employees would encompass only those benefits expected to be paid during the period following what otherwise would have been their full eligibility date; in this case, the date at which the employee would have completed 30 years of service. That amount is attributed to an employee's service to the date the disability is assumed to occur.
","snippet":"For example, an employer may promise to provide postretirement health care coverage to all employees who render 30 or more years of service. The employer may carry active employees who become disabled on active status so…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:20473f46af636e51165d7002e7dcbb61e1c2f43b1b66d953017e612e01d7e4d5","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-45","para":"35-45","html":"
Only some employees become and remain disabled. Therefore, in measuring the expected postretirement benefit obligation and in determining the attribution period for plan participants expected to become disabled, the probability and timing of a disabling event is considered in determining whether employees are likely to become disabled and whether they will be entitled to receive postretirement benefits.
","snippet":"Only some employees become and remain disabled. Therefore, in measuring the expected postretirement benefit obligation and in determining the attribution period for plan participants expected to become disabled, the prob…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:679feed6145ff9a907aa0b1d8fa2681fb3fe6056d9055e4bed42363c3dc832a8","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-46","para":"35-46","html":"
Note that measurement of an employer's postretirement benefit obligation is based on the current plan participants (a closed group approach) because it better recognizes the benefit obligation over the period in which employees render service in exchange for benefits.
","snippet":"Note that measurement of an employer's postretirement benefit obligation is based on the current plan participants (a closed group approach) because it better recognizes the benefit obligation over the period in which em…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a3d45d675b429be31928a3339cafb4077ff0c0de6566e234526d6caf923a10fd","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-47","para":"35-47","html":"
Paragraph not used.
","snippet":"Paragraph not used.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a01001ae19587ee7e3ff564e56a625a273f04d7f905fdaac3a06355784469a25","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-48","para":"35-48","html":"
An objective of this Subtopic is that the accounting reflect the terms of the exchange transaction that takes place between an employer that provides other postretirement benefits and the employees who render services in exchange for those benefits, as those terms are understood by both parties to the transaction.
","snippet":"An objective of this Subtopic is that the accounting reflect the terms of the exchange transaction that takes place between an employer that provides other postretirement benefits and the employees who render services in…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0ca7d5ad94e2696d747207fcd2d34818181f9f4b8ebe7177b4b44c1c82ae60ab","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-49","para":"35-49","html":"
Generally, the extant written plan provides the best evidence of the terms of that exchange transaction. However, in some situations, an employer's cost-sharing policy, as evidenced by past practice or by communication of intended changes to a plan's cost-sharing provisions, or a past practice of regular increases in certain monetary benefits (see paragraphs
715-60-35-51 through 35-56
), may indicate that the substantive plan—the plan as understood by the parties to the exchange transaction—differs from the extant written plan. The substantive plan shall be the basis for the accounting.
","snippet":"Generally, the extant written plan provides the best evidence of the terms of that exchange transaction. However, in some situations, an employer's cost-sharing policy, as evidenced by past practice or by communication o…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f8a3ff120b895c407b78fb05b17bddd100793bc07e73b09c545d63a24dbbbb74","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-50","para":"35-50","html":"
See paragraph 715-60-55-1 for implementation guidance on a collectively bargained defined benefit postretirement health care plan.
","snippet":"See paragraph 715-60-55-1 for implementation guidance on a collectively bargained defined benefit postretirement health care plan.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:97f5f95dfc43087fea4aa8d7565fc9e4cc4d59f9292eefbc2824876190b62186","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-51","para":"35-51","html":"
Except as provided in paragraphs
715-60-35-52 through 35-55
, an employer's cost-sharing policy, as evidenced by the following past practice or communication, shall constitute the cost-sharing provisions of the substantive plan if either of the following conditions exist:
  1. a
    The employer has a past practice of maintaining a consistent level of cost sharing between the employer and its retirees through changes in deductibles, coinsurance provisions, retiree contributions, or some combination of those changes or consistently increasing or reducing the employer's share of the cost of the covered benefits through changes in retired or active plan participants' contributions toward their retiree health care benefits, deductibles, coinsurance provisions, out-of-pocket limitations, and so forth, in accordance with the employer's established cost-sharing policy Such a past practice would be indicated when the nature of the change and duration of the past practice are sufficient to warrant a presumption that it is understood by the plan participants.
  2. b
    The employer has the ability, and has communicated to affected plan participants its intent, to institute different cost-sharing provisions at a specified time or when certain conditions exist (for example, when health care cost increases exceed a certain level).
Otherwise, the extant written plan shall be considered to be the substantive plan.
","snippet":"Except as provided in paragraphs 715-60-35-52 through 35-55, an employer's cost-sharing policy, as evidenced by the following past practice or communication, shall constitute the cost-sharing provisions of the substantiv…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f0ab6750599ff87bea3843b716ae8374aa3ae3206b9923b613b7b12c0d94fded","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-52","para":"35-52","html":"
An employer's past practice of maintaining a consistent level of cost sharing with its retirees or consistently increasing or reducing its share of the cost of providing the covered benefits shall not constitute provisions of the substantive plan if accompanied by identifiable offsetting changes in other benefits or compensation or if the employer incurred significant costs, such as work stoppages, to effect that cost-sharing policy.
","snippet":"An employer's past practice of maintaining a consistent level of cost sharing with its retirees or consistently increasing or reducing its share of the cost of providing the covered benefits shall not constitute provisio…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e9448d201f719525bf1752ed7a346fcdeec130db59e68cb4c4df306a0c667575","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-53","para":"35-53","html":"
For example, a past practice of increasing retiree contributions annually based on a specified index or formula may appear to indicate that the substantive plan includes a determinable indexing of the retirees' annual contributions to the plan. However, if that past practice of increasing retiree contributions is accompanied by identifiable offsetting changes in other benefits or compensation, those offsetting changes would indicate that the substantive plan incorporates only the current cost-sharing provisions. Therefore, future increases or reductions of those cost-sharing provisions shall not be incorporated in measuring the expected postretirement benefit obligation.
","snippet":"For example, a past practice of increasing retiree contributions annually based on a specified index or formula may appear to indicate that the substantive plan includes a determinable indexing of the retirees' annual co…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c58d4299073c418d61e14604eb123f460d6a594137fa20e06f7d8cf1727092ad","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-54","para":"35-54","html":"
Similarly, an employer's communication of its intent to institute cost-sharing provisions that differ from the extant written plan or the past cost-sharing practice shall not constitute provisions of the substantive plan if either of the following conditions exists:
  1. a
    The plan participants would be unwilling to accept the change without adverse consequences to the employer's operations.
  2. b
    Other modifications of the plan, such as the level of benefit coverage, or providing offsetting changes in other benefits, such as pension benefits, would be required to gain plan participants' acceptance of the change to the cost-sharing arrangement.
","snippet":"Similarly, an employer's communication of its intent to institute cost-sharing provisions that differ from the extant written plan or the past cost-sharing practice shall not constitute provisions of the substantive plan…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:47b9fbdc13e6299950a7b49b48c5be10c6797363fa340d09f5485fa7baa1c57f","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-55","para":"35-55","html":"
By definition, an employer does not have the unilateral right to change a collectively bargained plan. Therefore, if the postretirement benefits are the subject of collective bargaining, the extant written plan shall be the substantive plan unless the employer can demonstrate its ability to maintain a consistent level of cost sharing or a consistent practice of increasing or reducing its share of the cost of the covered benefits in past negotiations without making offsetting changes in other benefits or compensation of the affected plan participants or by incurring other significant costs to maintain that cost-sharing arrangement.
","snippet":"By definition, an employer does not have the unilateral right to change a collectively bargained plan. Therefore, if the postretirement benefits are the subject of collective bargaining, the extant written plan shall be …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:65bfd157b229bfb6dc2a55f20e7a0c66fe12ac0815db27b8b911739bed9490f5","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-56","para":"35-56","html":"
A past practice of regular increases in postretirement benefits defined in terms of monetary amounts may indicate that the employer has a present commitment to make future improvements to the plan and that the plan will provide monetary benefits attributable to prior service that are greater than the monetary benefits defined by the extant written plan. In those situations, the substantive commitment to increase those benefits shall be the basis for the accounting. Changes in the benefits, other than benefits defined in terms of monetary amounts, covered by a postretirement health care plan or by other postretirement benefit plans shall not be anticipated.
","snippet":"A past practice of regular increases in postretirement benefits defined in terms of monetary amounts may indicate that the employer has a present commitment to make future improvements to the plan and that the plan will …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:86317e9f3c869b64b87e743ef9dc931c7e01d1456da3e46933c3969b9d6dc37f","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-57","para":"35-57","html":"
Contributions expected to be received from active employees toward the cost of their postretirement benefits and from retired plan participants are treated similarly for purposes of measuring an employer's expected postretirement benefit obligation. That obligation is measured as the actuarial present value of the benefits expected to be provided under the plan, reduced by the actuarial present value of contributions expected to be received from the plan participants during their remaining active service and postretirement periods. In determining the amount of the contributions expected to be received from those participants toward the cost of their postretirement benefits, consideration is given to any related substantive plan provisions, such as an employer's past practice of consistently increasing or reducing the contribution rates as described in paragraphs
715-60-35-51 through 35-55
. An obligation to return contributions received from employees who do not attain eligibility for postretirement benefits and, if applicable, any interest accrued on those contributions shall be recognized as a component of an employer's postretirement benefit obligation.
","snippet":"Contributions expected to be received from active employees toward the cost of their postretirement benefits and from retired plan participants are treated similarly for purposes of measuring an employer's expected postr…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3eb3884b53ebf9c1f3df362ae4e59e9fef7987946c7e3c7cca9666524316406e","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-58","para":"35-58","html":"
Automatic benefit changes specified by the plan that are expected to occur shall be included in measurements of the expected and accumulated postretirement benefit obligations and the service cost component of net periodic postretirement benefit cost.
","snippet":"Automatic benefit changes specified by the plan that are expected to occur shall be included in measurements of the expected and accumulated postretirement benefit obligations and the service cost component of net period…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9c06ca3512208eecfa67c66b19746311ad2153df1b3a0350391c9ba3deaea033","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-59","para":"35-59","html":"
For purposes of this Subtopic, a plan that promises to provide retirees a benefit in kind, such as health care benefits, rather than a defined dollar amount of benefit, is considered to be a plan that specifies automatic benefit changes. (The assumed rate of change in the future cost of providing health care benefits, the assumed health care cost trend rate, is discussed in paragraphs
715-60-35-99 through 35-101
.) Because automatic benefit changes are not conditional on employees rendering additional years of service, the full eligibility date is not affected by those changes. A benefit in kind includes the direct rendering of services, the payment directly to others who provide the services, or the reimbursement of the retiree's payment for those services.
","snippet":"For purposes of this Subtopic, a plan that promises to provide retirees a benefit in kind, such as health care benefits, rather than a defined dollar amount of benefit, is considered to be a plan that specifies automatic…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8f24153a3bd266cbf694dbe2db42588f72abde021914a53ee0cbd313048f01a5","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-60","para":"35-60","html":"
Also, plan amendments shall be included in the computation of the expected and accumulated postretirement benefit obligations once they have been contractually agreed to, even if some provisions take effect only in future periods. For example, if a plan amendment grants a different benefit level for employees retiring after a future date, that increased or reduced benefit level shall be included in current-period measurements for employees expected to retire after that date.
","snippet":"Also, plan amendments shall be included in the computation of the expected and accumulated postretirement benefit obligations once they have been contractually agreed to, even if some provisions take effect only in futur…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:25bd642bd17427e3523fc512a08816d14c231c38adebabff2f1bbf29ec2df734","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-61","para":"35-61","html":"
In the context of this Subtopic, attribution is the process of assigning the expected cost of benefits to periods of employee service. The general objective is to assign to each year of service the cost of benefits earned or assumed to have been earned in that year.
","snippet":"In the context of this Subtopic, attribution is the process of assigning the expected cost of benefits to periods of employee service. The general objective is to assign to each year of service the cost of benefits earne…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:7ad2d239e62ee37b71cd3181c679ca1037906e836b288f545c475d0e14018c98","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-62","para":"35-62","html":"
An equal amount of the expected postretirement benefit obligation for an employee generally shall be attributed to each year of service in the attribution period (a benefit-years-of-service approach).
","snippet":"An equal amount of the expected postretirement benefit obligation for an employee generally shall be attributed to each year of service in the attribution period (a benefit-years-of-service approach).","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a385f11f0b1d410160da0741be4e10dbc8e054cd10cbb482c7191175c32271ca","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-63","para":"35-63","html":"
Some plans may frontload benefits, that is some plans have a benefit formula that defines benefits in terms of specific periods of service to be rendered in exchange for those benefits but attributes all or a disproportionate share of the expected postretirement benefit obligation to employees' early years of service in the attribution period.
","snippet":"Some plans may frontload benefits, that is some plans have a benefit formula that defines benefits in terms of specific periods of service to be rendered in exchange for those benefits but attributes all or a disproporti…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:bd8b16e4f4683841a56aa3306a9d04e04caad554483e5584abba4eb0d30353d6","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-64","para":"35-64","html":"
For that type of plan, the expected postretirement benefit obligation shall not be attributed ratably to each year of service in the attribution period but shall be attributed in accordance with the plan's benefit formula.
","snippet":"For that type of plan, the expected postretirement benefit obligation shall not be attributed ratably to each year of service in the attribution period but shall be attributed in accordance with the plan's benefit formul…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c0c19fdf153658122e51a55135b9d460bfbdc7a7b6a93244d4ff525e80a52c48","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-65","para":"35-65","html":"
Whether a plan is frontloaded is determined by considering the active participants as a group rather than applying the benefit formula to each individual participant. Paragraph 715-60-55-59 contains an example of a benefit formula that results in a frontloaded benefit for a plan that provides only postretirement death benefits.
","snippet":"Whether a plan is frontloaded is determined by considering the active participants as a group rather than applying the benefit formula to each individual participant. Paragraph 715-60-55-59 contains an example of a benef…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f193148bc51e8eb7b8bd3cffdbd6fa22276073a937c5c54a3417abad995c1dbf","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-66","para":"35-66","html":"
The beginning of the attribution period generally shall be the date of hire. However, if the plan's benefit formula grants credit only for service from a later date and that credited service period is not nominal in relation to employees' total years of service before their full eligibility dates, the expected postretirement benefit obligation shall be attributed from the beginning of that credited service period.
","snippet":"The beginning of the attribution period generally shall be the date of hire. However, if the plan's benefit formula grants credit only for service from a later date and that credited service period is not nominal in rela…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1b963a6b0fdfe93c9d4925bf526b28f3b31ecc9ae0c99c3243ee6a234011f527","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-67","para":"35-67","html":"
For a plan with a benefit formula that attributes benefits to a credited service period that is nominal in relation to employees' total years of service before their full eligibility dates, an equal amount of the expected postretirement benefit obligation for an employee is attributed to each year of that employee's service from date of hire to date of full eligibility for benefits.
","snippet":"For a plan with a benefit formula that attributes benefits to a credited service period that is nominal in relation to employees' total years of service before their full eligibility dates, an equal amount of the expecte…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c40466dfca8643f0f3daf73492faa9a0d42d185f4cc41f1252938ce534ad4960","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-68","para":"35-68","html":"
In all cases, the end of the attribution period shall be the full eligibility date. For postretirement benefit plans that are pay-related or that otherwise index benefits during employees' service periods to their retirement date, the full eligibility date and retirement date may be the same. The attribution period for those benefits will differ from the attribution period for a similarly defined pension benefit with a capped credited service period.
","snippet":"In all cases, the end of the attribution period shall be the full eligibility date. For postretirement benefit plans that are pay-related or that otherwise index benefits during employees' service periods to their retire…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c3f965448e1ad79a6290a9aa98baaa6de3458957b5a6856743f1b8c2a1fdf003","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-69","para":"35-69","html":"
Therefore, the present value of all of the benefits expected to be received by or on behalf of an employee is attributed to the employee's credited service period, which ends at the full eligibility date.
","snippet":"Therefore, the present value of all of the benefits expected to be received by or on behalf of an employee is attributed to the employee's credited service period, which ends at the full eligibility date.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:923e0b5a169d0ad9b623ace937c459831e843baa1056222ab9183678cfa99cb7","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-70","para":"35-70","html":"
See paragraphs
715-60-55-57 through 55-59
, which illustrate the attribution provisions of this Subtopic, and paragraphs
715-60-55-10 through 55-18
for implementation guidance on attribution provisions.
","snippet":"See paragraphs 715-60-55-57 through 55-59, which illustrate the attribution provisions of this Subtopic, and paragraphs 715-60-55-10 through 55-18 for implementation guidance on attribution provisions.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:50c026d07c317d08ae013c9aae0dc7ef80c0e9bb8ebc302231ef3860187036c5","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-71","para":"35-71","html":"
Measuring the net periodic postretirement benefit cost and accumulated postretirement benefit obligation based on best estimates is superior to implying, by a failure to accrue, that no cost or obligation exists before the payment of benefits. This Subtopic requires the use of explicit assumptions, each of which individually represents the best estimate of a particular future event, to measure the expected postretirement benefit obligation. A portion of that expected postretirement benefit obligation is attributed to each period of an employee's service associated with earning the postretirement benefits, and that amount is accrued as service cost for that period.
","snippet":"Measuring the net periodic postretirement benefit cost and accumulated postretirement benefit obligation based on best estimates is superior to implying, by a failure to accrue, that no cost or obligation exists before t…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:7f3b9d620a7ea4a6b381adc56ed54f2b9bc263d8fa3d139e8cc4775b1fe4abd5","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-72","para":"35-72","html":"
The service cost component of postretirement benefit cost, any prior service cost, and the accumulated postretirement benefit obligation are measured using actuarial assumptions and present value techniques to calculate the actuarial present value of the expected future benefits attributed to periods of employee service. Each assumption used shall reflect the best estimate solely with respect to that individual assumption. All assumptions shall presume that the plan will continue in effect in the absence of evidence that it will not continue.
","snippet":"The service cost component of postretirement benefit cost, any prior service cost, and the accumulated postretirement benefit obligation are measured using actuarial assumptions and present value techniques to calculate …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:eb27e8769fd1be0896971eb8e6445fc724d6f600db8722384d83297348b11793","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-73","para":"35-73","html":"
Principal actuarial assumptions include, but are not limited to, all of the following:
  1. a
    The time value of money (discount rates)
  2. b
    Participation rates (for contributory plans)
  3. c
    Retirement age
  4. d
    Salary progression (for pay-related plans)
  5. e
    The probability of payment (turnover, dependency status, mortality, and so forth)
  6. f
    Factors affecting the amount and timing of future benefit payments, which for postretirement health care benefits consider past and present per capita claims cost by age, health care cost trend rates, and Medicare reimbursement rates, and so forth.
","snippet":"Principal actuarial assumptions include, but are not limited to, all of the following:\n(a) The time value of money (discount rates)\n(b) Participation rates (for contributory plans)\n(c) Retirement age\n(d) Salary progressi…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c0484bca4331d74e829050f10d6ddc8030a3e721acfaf79e8590a6e8a4f94136","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-74","para":"35-74","html":"
This Subtopic also requires use of an assumption about the long-term rate of return on plan assets and a market-related value of plan assets to calculate the expected return on plan assets.
","snippet":"This Subtopic also requires use of an assumption about the long-term rate of return on plan assets and a market-related value of plan assets to calculate the expected return on plan assets.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:984ade2c9c59d7e5310042aea7afdba0c8c0c59b3799cad20b4d2c691dfeeaba","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-75","para":"35-75","html":"
All assumptions shall be consistent to the extent that each reflects expectations about the same future economic conditions, such as future rates of inflation. Measuring service cost and the expected and accumulated postretirement benefit obligations based on estimated future compensation levels entails considering any indirect effects, such as benefit limitations, that would affect benefits provided by the plan. For example, a plan may define the maximum benefit to be provided under the plan (a fixed cap). In measuring the expected postretirement benefit obligation under that plan, the projected benefit payments would be limited to that cap. For a plan that automatically adjusts the maximum benefit to be provided under the plan for the effects of inflation (an adjustable cap), the expected postretirement benefit obligation would be measured based on adjustments to that cap consistent with the assumed inflation rate reflected in other inflation-related assumptions.
","snippet":"All assumptions shall be consistent to the extent that each reflects expectations about the same future economic conditions, such as future rates of inflation. Measuring service cost and the expected and accumulated post…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a5138f24835abc1a794523fe9edfbd97c30b6166aeb5b883dbfeccedf56b8fab","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-76","para":"35-76","html":"
For example, assumed discount rates include an inflationary element that reflects the expected general rate of inflation. Assumed compensation levels include consideration of future changes attributable to general price levels. Similarly, assumed health care cost trend rates include an element that reflects expected general rates of inflation for the economy overall and an element that reflects price changes of health care costs in particular. To the extent that those assumptions consider similar inflationary effects, the assumptions about those effects shall be consistent.
","snippet":"For example, assumed discount rates include an inflationary element that reflects the expected general rate of inflation. Assumed compensation levels include consideration of future changes attributable to general price …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:42f2be19f13a32701e8a622344e87d89207e875bb994af2597a2c8c9cfbb71d9","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-77","para":"35-77","html":"
Many of the assumptions used in postretirement benefit measurements are similar to assumptions used in pension measurements, but the sensitivity of the measures to changes in the assumptions may be more significant. For example, the turnover assumption may have a more significant effect for postretirement benefits than for pension benefits because, in many cases, eligibility for postretirement benefits is an all-or-nothing proposition, while most pension plans provide reduced benefits for relatively short periods of service. The dependency status assumption also may have a more significant effect on postretirement benefit measurements than on pension measurements. Plan provisions that entitle an employee's spouse and other dependents to health care and other welfare benefits may substantially increase an employer's cost and obligation for postretirement benefits.
","snippet":"Many of the assumptions used in postretirement benefit measurements are similar to assumptions used in pension measurements, but the sensitivity of the measures to changes in the assumptions may be more significant. For …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0b65838e8c5b6bc19eb87162fb12bb180699ddb46b6fb5881adef50cc1142e2c","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-78","para":"35-78","html":"
Postretirement benefit measurements are more sensitive to assumptions about retirement ages and the probability of retiring at each age than are pension measurements. For example, employer-provided postretirement health care benefits are significantly more expensive before Medicare coverage begins than after. Many pension arrangements provide for an actuarially reduced pension benefit for employees retiring before the normal retirement age; however, for an employee retiring early, there typically is no reduction in the postretirement benefit levels, and those benefits will be paid over a longer period of time and at a higher annual cost to the employer than if the employee retired at the normal retirement age. Similarly, postretirement benefit measurements are more sensitive than pension measurements to the life expectancy assumption. In particular, health care benefits are sensitive to that assumption because health care costs generally increase with age.
","snippet":"Postretirement benefit measurements are more sensitive to assumptions about retirement ages and the probability of retiring at each age than are pension measurements. For example, employer-provided postretirement health …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c03910d7a2f89c56675cf48c8d73c8cec95271645cfeceba1cd446c47bc48ada","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-79","para":"35-79","html":"
Assumed discount rates shall reflect the time value of money as of the measurement date in determining the present value of future cash outflows currently expected to be required to satisfy the postretirement benefit obligation. In making that assumption, employers shall look to rates of return on high-quality fixed-income investments currently available whose cash flows match the timing and amount of expected benefit payments. If settlement of the obligation with third-party insurers is possible (for example, the purchase of nonparticipating life insurance contracts to provide death benefits), the interest rates inherent in the amount at which the postretirement benefit obligation could be settled are relevant in determining the assumed discount rates. Assumed discount rates are used in measurements of the expected and accumulated postretirement benefit obligations and the service cost and interest cost components of net periodic postretirement benefit cost.
","snippet":"Assumed discount rates shall reflect the time value of money as of the measurement date in determining the present value of future cash outflows currently expected to be required to satisfy the postretirement benefit obl…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9d84fd9932cd1b92bc76e9219eaaa786307d91c4d48b18ead985df0aca829768","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-80","para":"35-80","html":"
Pursuant to paragraph 715-60-35-79, an employer shall look to rates of return on high-quality fixed-income investments in determining assumed discount rates. The objective of selecting assumed discount rates using that method is to measure the single amount that, if invested at the measurement date in a portfolio of high-quality debt instruments, would provide the necessary future cash flows to pay the postretirement benefits when due. Notionally, that single amount, the accumulated postretirement benefit obligation, would equal the fair value of a portfolio of high-quality zero coupon bonds whose maturity dates and amounts would be the same as the timing and amount of the expected future benefit payments. Because cash inflows would equal cash outflows in timing and amount, there would be no reinvestment risk in the yields to maturity of the portfolio.
","snippet":"Pursuant to paragraph 715-60-35-79, an employer shall look to rates of return on high-quality fixed-income investments in determining assumed discount rates. The objective of selecting assumed discount rates using that m…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8e9e9c0dd84f9df96f1d00dc1df6b1f309b74a6f90bc165b955f7e74d74dda96","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-81","para":"35-81","html":"
However, in other than a zero coupon portfolio, such as a portfolio of long-term debt instruments that pay semiannual interest payments or whose maturities do not extend far enough into the future to meet expected benefit payments, the assumed discount rates (the yield to maturity) need to incorporate expected reinvestment rates available in the future. Those rates shall be extrapolated from the existing yield curve at the measurement date.
","snippet":"However, in other than a zero coupon portfolio, such as a portfolio of long-term debt instruments that pay semiannual interest payments or whose maturities do not extend far enough into the future to meet expected benefi…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8fb1500864147adf41d650afe477b98423633ee09aa6083380b1810826da57b7","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-82","para":"35-82","html":"
The determination of the assumed discount rate is separate from the determination of the expected rate of return on plan assets whenever the actual portfolio differs from the hypothetical portfolio described in the preceding paragraph. Assumed discount rates shall be reevaluated at each measurement date. If the general level of interest rates rises or declines, the assumed discount rates shall change in a similar manner.
","snippet":"The determination of the assumed discount rate is separate from the determination of the expected rate of return on plan assets whenever the actual portfolio differs from the hypothetical portfolio described in the prece…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1631dc4910b6768fa7aeab2454726507183a6dede7d7e15d1f44501b8ae6dbbd","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-83","para":"35-83","html":"
See paragraph 715-60-55-4 for implementation guidance on discount rates used to measure an employer's postretirement benefit obligation.
","snippet":"See paragraph 715-60-55-4 for implementation guidance on discount rates used to measure an employer's postretirement benefit obligation.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f4ac1898d8d3fb7069721818dc0b36c30f097766b73877c8e158c93777fb581a","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-84","para":"35-84","html":"
The expected long-term rate of return on plan assets shall reflect the average rate of earnings expected on the existing assets that qualify as plan assets and contributions to the plan expected to be made during the period. In estimating that rate, appropriate consideration shall be given to the returns being earned on the plan assets currently invested and the rates of return expected to be available for reinvestment.
","snippet":"The expected long-term rate of return on plan assets shall reflect the average rate of earnings expected on the existing assets that qualify as plan assets and contributions to the plan expected to be made during the per…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1efba3c174aa57b3a0bc3e5f1af007639b2714859a94f0ec6254a1a0d541dea7","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-85","para":"35-85","html":"
Unlike most pension plans, the return on postretirement benefit plan assets may be subject to income tax because of the lack of tax-exempt vehicles for funding those benefits. At present, even if postretirement benefit plan assets are restricted and segregated within a trust, the income generated by those assets generally is taxable. If the plan has taxable income, the assessed tax will reduce the returns available for payment of benefits or reinvestment. If the trust or other entity holding the plan assets is taxed as a separate entity on the return on plan assets, the expected long-term rate of return shall be determined by giving consideration to anticipated income taxes under enacted tax law. However, if the tax on income generated by plan assets is not a liability of the plan, but of the employer, the expected long-term rate of return shall not anticipate a tax on those earnings, because that tax will be reflected in the employer's accounting for income taxes (see Topic 740).
","snippet":"Unlike most pension plans, the return on postretirement benefit plan assets may be subject to income tax because of the lack of tax-exempt vehicles for funding those benefits. At present, even if postretirement benefit p…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:74f093f212b7ca76a2cf082e1d5b5e0b59311f7de794878cd4c18809cfa7fba3","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-86","para":"35-86","html":"
Thus, if the return on plan assets is taxable to the trust or other fund under the plan, the expected long-term rate of return shall be reduced to reflect the related income taxes expected to be paid under existing law.
","snippet":"Thus, if the return on plan assets is taxable to the trust or other fund under the plan, the expected long-term rate of return shall be reduced to reflect the related income taxes expected to be paid under existing law.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9209a98518d28b9c20ea08eae689ee0e6522621472dffce6917f2d6eb4fdf7b0","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-87","para":"35-87","html":"
The expected long-term rate of return on plan assets is used with the market-related value of plan assets to compute the expected return on plan assets. (See paragraph 715-60-35-26.) There is no assumption of an expected long-term rate of return on plan assets for plans that are unfunded or that have no assets that qualify as plan assets pursuant to this Subtopic.
","snippet":"The expected long-term rate of return on plan assets is used with the market-related value of plan assets to compute the expected return on plan assets. (See paragraph 715-60-35-26.) There is no assumption of an expected…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:06ef9e5d8bbdf1e69e07125b6454c3533e64855729162b0ab5249b70dea5ef59","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-88","para":"35-88","html":"
The service cost component of net periodic postretirement benefit cost and the expected and accumulated postretirement benefit obligations shall reflect future compensation levels to the extent the postretirement benefit formula defines the benefits wholly or partially as a function of future compensation levels. For such pay-related plans, assumed compensation levels shall reflect the best estimate of the actual future compensation levels of the individual employees involved, including future changes attributed to general price levels, productivity, seniority, promotion, and other factors.
","snippet":"The service cost component of net periodic postretirement benefit cost and the expected and accumulated postretirement benefit obligations shall reflect future compensation levels to the extent the postretirement benefit…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d12e71b998d89df32206a0687ee8efaa7f09dc1e3fca11514cfc61afb44daa0c","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-89","para":"35-89","html":"
For pay-related plans, salary progression is included in measuring the expected postretirement benefit obligation. For example, a postretirement health care plan may define the deductible amount or copayment, or a postretirement life insurance plan may define the amount of death benefit, based on the employee's average or final level of annual compensation.
","snippet":"For pay-related plans, salary progression is included in measuring the expected postretirement benefit obligation. For example, a postretirement health care plan may define the deductible amount or copayment, or a postre…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:12959fd5aa7bb590cb5a4f86d4a7038331876b40b2be7fcbe7d95beec40a25ed","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-90","para":"35-90","html":"
Measurement of an employer's postretirement health care obligation requires the use of several assumptions unique to health care benefits. Most significantly, it includes making several assumptions about factors that will affect the amount and timing of future benefit payments for postretirement health care. Those factors include consideration of historical per capita claims cost by age, health care cost trend rates (for plans that provide a benefit in kind), and medical coverage to be paid by governmental authorities and other providers of health care benefits. Recent claims cost experience and the claims cost experience of other employers in the same industry or geographical location may provide useful information in developing the assumed per capita claims cost by age from the earliest age at which a plan participant could receive benefits under the plan to the longest life expectancy. Data files developed and maintained by insurers or benefits consultants about employers' claims costs for similar benefits programs and national or regional statistics about claims cost patterns also may provide information that may be used for developing the per capita claims cost by age.
","snippet":"Measurement of an employer's postretirement health care obligation requires the use of several assumptions unique to health care benefits. Most significantly, it includes making several assumptions about factors that wil…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ed4026ccb9e5d8178eb90acbdb1bc19ab043ef1b0f7070399c16cfa04d2a2a11","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-91","para":"35-91","html":"
In principle, an employer's share of the expected future postretirement health care cost for a plan participant is developed by reducing the assumed per capita claims cost at each age at which the plan participant is expected to receive benefits under the plan by both of the following:
  1. a
    The effects of coverage by Medicare and other providers of health care benefits
  2. b
    The effects of the cost-sharing provisions of the plan (deductibles, copayment provisions, out-of-pocket limitations, caps on the limits of the employer-provided payments, and retiree contributions).
","snippet":"In principle, an employer's share of the expected future postretirement health care cost for a plan participant is developed by reducing the assumed per capita claims cost at each age at which the plan participant is exp…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b387fc8006294e2e10b95fe95fd15e018caa69d9e5a34e3b9327619f6a1a1bac","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-92","para":"35-92","html":"
The resulting amount represents the assumed net incurred claims cost at each age at which the plan participant is expected to receive benefits under the plan. If contributions are required to be paid by active plan participants toward their postretirement health care benefits, the actuarial present value of the plan participants' future contributions reduces the actuarial present value of the aggregate assumed net incurred claims costs.
","snippet":"The resulting amount represents the assumed net incurred claims cost at each age at which the plan participant is expected to receive benefits under the plan. If contributions are required to be paid by active plan parti…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:4af4f7a3c8928158a1f3a3ed68720e9e7d5d42a0e7be0b9bd02dc5831c49cbda","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-93","para":"35-93","html":"
The assumed per capita claims cost shall be the best estimate of the expected future cost of the benefits covered by the plan. It may be appropriate to consider other factors in addition to age, such as sex and geographical location, in developing the assumed per capita claims cost.
","snippet":"The assumed per capita claims cost shall be the best estimate of the expected future cost of the benefits covered by the plan. It may be appropriate to consider other factors in addition to age, such as sex and geographi…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:4602c03bfdc493eede5a51e3d476fbb93da06a1301f3de65947ff2b2265a697c","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-94","para":"35-94","html":"
Past and present claims data for the plan, such as a historical pattern of gross claims by age (claims curve), should be used in developing the current per capita claims cost to the extent that those data are considered to be indicative of the current cost of providing the benefits covered by the plan. Those current claims data shall be adjusted by the assumed health care cost trend rate. The resulting assumed per capita claims cost by age, together with the plan demographics, determines the amount and timing of expected future gross eligible charges.
","snippet":"Past and present claims data for the plan, such as a historical pattern of gross claims by age (claims curve), should be used in developing the current per capita claims cost to the extent that those data are considered …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:807804874f99cd597cc7cb731cba2a6d3dc3fb9fa181228eb60ffae6585ecfa8","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-95","para":"35-95","html":"
In the absence of sufficiently reliable plan data about the current cost of the benefits covered by the plan, the current per capita claims cost should be based, entirely or in part, on the claims information of other employers to the extent those costs are indicative of the current cost of providing the benefits covered by the plan. For example, the current per capita claims cost may be based on the claims experience of other employers derived from information in data files developed by insurance entities, actuarial firms, or employee benefits consulting firms. The current per capita claims cost developed on those bases shall be adjusted to best reflect the terms of the employer's plan and the plan demographics. For example, the information should be adjusted, as necessary, for differing demographics, such as the age and sex of plan participants, health care utilization patterns by men and women at various ages, and the expected geographical location of retirees and their dependents, and for significant differences between the nature and types of benefits covered by the employer's plan and those encompassed by the underlying data.
","snippet":"In the absence of sufficiently reliable plan data about the current cost of the benefits covered by the plan, the current per capita claims cost should be based, entirely or in part, on the claims information of other em…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:5f710fc88bbe187d168176771d4ee651ae3b01668b12c5126d88f45ff68accba","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-96","para":"35-96","html":"
For a plan that stipulates that the benefit to be provided is the payment of certain health insurance premiums for retirees rather than the payment of their health care claims, the employer shall project the cost of those future premiums in measuring its benefit obligation. That projection requires an assessment of how future health care costs will affect future premiums.
","snippet":"For a plan that stipulates that the benefit to be provided is the payment of certain health insurance premiums for retirees rather than the payment of their health care claims, the employer shall project the cost of thos…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8665777cc7e0d18b6b28d47438a596c72007e8a6ee46373e04d048b166f58471","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-97","para":"35-97","html":"
In some cases, retiree contributions are established based on the average per capita cost of benefit coverage under an employer's health care plan that provides coverage to both active employees and retirees. However, the medical cost of the retirees may cause the average per capita cost of benefit coverage under the plan to be higher than it would be if only active employees were covered by the plan. In that case, the employer has a postretirement benefit obligation for the portion of the expected future cost of the retiree health care benefits that are not recovered through retiree contributions, Medicare, or other providers of health care benefits.
","snippet":"In some cases, retiree contributions are established based on the average per capita cost of benefit coverage under an employer's health care plan that provides coverage to both active employees and retirees. However, th…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0c233c27a1d84a3b92c8c01785d32b42dc7d8c42019b6dc476eb88fe98d8770b","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-98","para":"35-98","html":"
If significant, the internal and external costs directly associated with administering the postretirement benefit plan also shall be accrued as a component of assumed per capita claims cost.
","snippet":"If significant, the internal and external costs directly associated with administering the postretirement benefit plan also shall be accrued as a component of assumed per capita claims cost.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1e092a4e55c8d990c45c6ad906b2342dd3941f95b1545bc6eec1b2e61a083f28","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-99","para":"35-99","html":"
The assumption about health care cost trend rates represents the expected annual rates of change in the cost of health care benefits currently provided by the postretirement benefit plan, due to factors other than changes in the demographics of the plan participants, for each year from the measurement date until the end of the period in which benefits are expected to be paid. Past and current health care cost trends shall be used in developing an employer's assumed health care cost trend rates, which implicitly consider estimates of health care inflation, changes in health care utilization or delivery patterns, technological advances, and changes in the health status of plan participants.
","snippet":"The assumption about health care cost trend rates represents the expected annual rates of change in the cost of health care benefits currently provided by the postretirement benefit plan, due to factors other than change…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:09fd91bd2aeb6d9e5a6160724b36d2b3a5ab0a7f20e07858424611042eac14bf","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-100","para":"35-100","html":"
Differing services, such as hospital care and dental care, may require the use of different health care cost trend rates. It is appropriate for that assumption to reflect changes in health care cost trend rates over time. For example, the health care cost trend rates may be assumed to continue at the present level for the near term, or increase for a period of time, and then grade down over time to an estimated health care cost trend rate ultimately expected to prevail.
","snippet":"Differing services, such as hospital care and dental care, may require the use of different health care cost trend rates. It is appropriate for that assumption to reflect changes in health care cost trend rates over time…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0ddc672d77c73a699f1625e299beaf5f9a754f3694dedcde88482862e8529577","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-101","para":"35-101","html":"
An assumption about changes in the health status of plan participants considers, for example, the probability that certain claims costs will be incurred based on expectations of future events, such as the likelihood that some retirees will incur claims requiring technology currently being developed or that historical claims experience for certain medical needs may be reduced as a result of participation in a wellness program.
","snippet":"An assumption about changes in the health status of plan participants considers, for example, the probability that certain claims costs will be incurred based on expectations of future events, such as the likelihood that…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:257f5d5f5664692a1eb69eac01da93614469dce7ceba42b5d0b46208ac9376fc","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-102","para":"35-102","html":"
Certain medical claims may be covered by governmental programs under existing law or by other providers of health care benefits. Benefit coverage by those governmental programs shall be assumed to continue as provided by the present law and by other providers pursuant to their present plans. Presently enacted changes in the law or amendments of the plans of other health care providers that take effect in future periods and that will affect the future level of their benefit coverage shall be considered in current-period measurements for benefits expected to be provided in those future periods. Future changes in laws concerning medical costs covered by governmental programs and future changes in the plans of other providers shall not be anticipated.
","snippet":"Certain medical claims may be covered by governmental programs under existing law or by other providers of health care benefits. Benefit coverage by those governmental programs shall be assumed to continue as provided by…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:fbb8098c4ad825409be35b56d0e40f943217cc84ee322e3390316ac5d06c2c8c","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-103","para":"35-103","html":"
As an example of another provider of health care benefits, a retiree's spouse also may be covered by the spouse's present (or former) employer's health care plan. In that case, the spouse's employer (or former employer) may provide either primary or secondary postretirement health care benefits to the retiree's spouse or dependents.
","snippet":"As an example of another provider of health care benefits, a retiree's spouse also may be covered by the spouse's present (or former) employer's health care plan. In that case, the spouse's employer (or former employer) …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c25174d3c6304850aea387b6d2a409286aae6d726c12540529fca800ca1ebbf7","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-104","para":"35-104","html":"
In some cases, determining the assumed per capita claims cost by age as described in paragraphs
715-60-35-93 through 35-95
may not be practical because credible historical information about the gross per capita cost of covered benefits may not be available or determinable to satisfy the stated measurement approach. However, credible historical information about incurred claims costs may be available. In those cases, an alternative method of developing the assumed per capita claims cost may be used provided the method results in a measure that is the best estimate of the expected future cost of the benefits covered by the plan. For example, the assumed health care cost trend rates may be determined by adjusting the expected change in the employer's share of per capita incurred claims cost by age by a factor that reflects the effects of the plan's cost-sharing provisions. However, an approach that projects net incurred claims costs using unadjusted assumed health care cost trend rates would implicitly assume changes in the plan's cost-sharing provisions at those assumed rates and, therefore, is not acceptable unless the plan's cost-sharing provisions are indexed in that manner or the substantive plan (see paragraphs
715-60-35-48 through 35-56
) operates in that manner.
","snippet":"In some cases, determining the assumed per capita claims cost by age as described in paragraphs 715-60-35-93 through 35-95 may not be practical because credible historical information about the gross per capita cost of c…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b99e1a1e89bafbd138075194198024abd0e81271389f94f7a5f3dbf653912e9f","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-105","para":"35-105","html":"
See paragraphs
715-60-55-5 through 55-9
for implementation guidance on assumed per capita health care costs.
","snippet":"See paragraphs 715-60-55-5 through 55-9 for implementation guidance on assumed per capita health care costs.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:4a990a441daf5e6632d75dffd27dbd9efb237c4e818221b045549638394d8438","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:cd9320fa1c11ce9c947ddcd3568223e8d8a40ba1e269604304444147bac33dee","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"block":null,"heading":"Measurement of Plan Assets","paragraphs":[{"citation":"715-60-35-106","para":"35-106","html":"
For recognition guidance on the funded statuses of other postretirement benefit plans, see paragraph 715-60-25-1.
","snippet":"For recognition guidance on the funded statuses of other postretirement benefit plans, see paragraph 715-60-25-1.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:014f32fe3cd48e6c4f8c29886f49b867f1d5e50c9ca61717cd2d224d56b8ea09","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-107","para":"35-107","html":"
For purposes of the disclosures required by paragraph 715-20-50-1 and paragraph 715-20-50-5, plan investments, whether equity or debt securities, real estate, or other, shall be measured at their fair value as of the measurement date. (See paragraph 715-60-35-120.) The fair value of an investment shall be reduced by brokerage commissions and other costs normally incurred in a sale if those costs are significant (similar to fair value less cost to sell). Plan assets used in plan operations (for example, buildings, equipment, furniture and fixtures, and leasehold improvements) shall be measured at cost less accumulated depreciation or amortization for all purposes.
","snippet":"For purposes of the disclosures required by paragraph 715-20-50-1 and paragraph 715-20-50-5, plan investments, whether equity or debt securities, real estate, or other, shall be measured at their fair value as of the mea…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:fd1e39712c09e1adac5051638136e3ab7dae753d237b93cdbba41e0b70beebb0","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-108","para":"35-108","html":"
See paragraphs
715-60-55-26 through 55-28
for implementation guidance on plan assets.
","snippet":"See paragraphs 715-60-55-26 through 55-28 for implementation guidance on plan assets.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f71e72edb66f263627b691760936d25b20729a374122056716c769de1eb481ea","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ca3a35c6f7ce0a4912d333463a194e3197828b082b918afff6cdd38cf2c2b39c","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"block":null,"heading":"Insurance Contracts","paragraphs":[{"citation":"715-60-35-109","para":"35-109","html":"
Benefits covered by insurance contracts shall be excluded from the accumulated postretirement benefit obligation. Insurance contracts shall be excluded from plan assets, except as provided in paragraphs 715-60-25-3 and
715-60-35-115 through 35-116
for the cost of participation rights.
","snippet":"Benefits covered by insurance contracts shall be excluded from the accumulated postretirement benefit obligation. Insurance contracts shall be excluded from plan assets, except as provided in paragraphs 715-60-25-3 and 7…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1597b9fe01a0959371976fa0f785cb7f535b603b5ad445b4a8fc2ad5d4239af9","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-110","para":"35-110","html":"
If the insurance entity providing the contract does business primarily with the employer and related parties (a captive insurer) or if there is any reasonable doubt that the insurance entity will meet its obligations under the contract, the contract is not an insurance contract for purposes of this Subtopic.
","snippet":"If the insurance entity providing the contract does business primarily with the employer and related parties (a captive insurer) or if there is any reasonable doubt that the insurance entity will meet its obligations und…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8da68101a9e8176660a3186060c12536104e48eadf51b30548888c299df732e2","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-111","para":"35-111","html":"
An insurance contract with a captive insurer generally does not qualify as a plan asset unless it meets the criteria in the definition of the term plan assets. To qualify as a plan asset, an investment contract with a captive insurer shall be segregated and restricted for the payment of postretirement benefits. Note that whether a funding vehicle can be restricted solely for the payment of retirees' benefits is subject to legal, not accounting, interpretation.
","snippet":"An insurance contract with a captive insurer generally does not qualify as a plan asset unless it meets the criteria in the definition of the term plan assets. To qualify as a plan asset, an investment contract with a ca…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:31382a61cf6ab05493caf03e2902cfa1347a096ceb2d57784f7d0573cf1cfbe5","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-112","para":"35-112","html":"
In addition, because a plan's investment contract with a captive insurance entity represents an obligation of the employer to pay cash to be used to pay benefits and because amounts accrued by the employer to pay benefits are not plan assets, that contract shall be considered an employer debt security for purposes of this Subtopic and, therefore, must be currently transferable to be included in plan assets. (See paragraphs
715-60-55-26 through 55-28
for guidance on employer entities.)
","snippet":"In addition, because a plan's investment contract with a captive insurance entity represents an obligation of the employer to pay cash to be used to pay benefits and because amounts accrued by the employer to pay benefit…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b8cbb5015cfa6885d50ba4463d9cf0b0b8e0b3f80fa7c0be05e3a365982fd8bc","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-113","para":"35-113","html":"
See paragraphs
944-20-15-16 through 15-19
for a description of investment contracts.
","snippet":"See paragraphs 944-20-15-16 through 15-19 for a description of investment contracts.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e3bcab75bac5ea1c108b38df606bec792ded1d40540979e1b3b1e0ce3bf382f7","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-114","para":"35-114","html":"
Some insurance contracts (participating insurance contracts) provide that the purchaser (either the plan or the employer) may participate in the experience of the insurance entity. Under those contracts, if the insurance entity has favorable experience, the insurance entity will pay dividends to the purchaser, the effect of which is to reduce the cost of the plan. For example, if the insurance entity's investment return is better than anticipated, or perhaps if actual experience related to mortality or other assumptions is favorable, the purchaser will receive dividends that reduce the cost of the contract.
","snippet":"Some insurance contracts (participating insurance contracts) provide that the purchaser (either the plan or the employer) may participate in the experience of the insurance entity. Under those contracts, if the insurance…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3119bf0a2eb617c999655e1bf88f4bd2b974fc7041cefb42187e407fc22d7d06","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-115","para":"35-115","html":"
The purchase price of a participating insurance contract ordinarily is higher than the price of an equivalent contract without a participation right. The difference is the cost of the participation right.
","snippet":"The purchase price of a participating insurance contract ordinarily is higher than the price of an equivalent contract without a participation right. The difference is the cost of the participation right.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:34c7ac1b988bae6061decc4e7b060b6e867a137955dd9d4f9213a4f171d01fb5","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-116","para":"35-116","html":"
In subsequent periods, the participation right shall be measured at its fair value if the contract is such that fair value is reasonably estimable. Otherwise the participation right shall be measured at its amortized cost (not in excess of its net realizable value), and the cost shall be amortized systematically over the expected dividend period under the contract.
","snippet":"In subsequent periods, the participation right shall be measured at its fair value if the contract is such that fair value is reasonably estimable. Otherwise the participation right shall be measured at its amortized cos…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:62df7e2109b76e46ced3ab01797df39129fd1a3dc3fa71c77d051180de959583","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-117","para":"35-117","html":"
If the participating insurance contract causes the employer to remain subject to all or most of the risks and rewards associated with the benefit obligation covered or the assets transferred to the insurance entity, that contract is not an insurance contract for purposes of this Subtopic, and the purchase of that contract does not constitute a settlement pursuant to paragraphs
715-60-35-150 through 35-155
and
715-60-35-157 through 35-159
.
","snippet":"If the participating insurance contract causes the employer to remain subject to all or most of the risks and rewards associated with the benefit obligation covered or the assets transferred to the insurance entity, that…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:5429f289c67b03ee5c46ccec4e5c1b2f5390a53cb6fc42579fe9939d070eb404","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-118","para":"35-118","html":"
To the extent that insurance contracts are purchased during the period to cover postretirement benefits attributed to service in the current period (such as life insurance benefits), the cost of those benefits shall be the cost of purchasing the coverage under the contracts, except as provided in paragraphs 715-60-25-3 and
715-60-35-115 through 35-116
for the cost of a participation right. If all the postretirement benefits attributed to service in the current period are covered by nonparticipating insurance contracts purchased during that period, the cost of the contracts determines the service cost component of net postretirement benefit cost for that period.
","snippet":"To the extent that insurance contracts are purchased during the period to cover postretirement benefits attributed to service in the current period (such as life insurance benefits), the cost of those benefits shall be t…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:4933fbebe21efcb37aadeae60bb1382181cabf080d17dd2b84a242c191cdc4a0","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-119","para":"35-119","html":"
Benefits attributed to current service in excess of benefits provided by nonparticipating insurance contracts purchased during the current period shall be accounted for according to the provisions of this Subtopic applicable to plans not involving insurance contracts.
","snippet":"Benefits attributed to current service in excess of benefits provided by nonparticipating insurance contracts purchased during the current period shall be accounted for according to the provisions of this Subtopic applic…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1c7e900ff00b3e440048ec1d55951181bd995ba596efdf378697e8886fd1626d","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-120","para":"35-120","html":"
Other contracts with insurance entities may not meet the definition of an insurance contract because the insurance entity does not unconditionally undertake a legal obligation to provide specified benefits to specified individuals. Those contracts shall be accounted for as investments and measured at fair value. If a contract has a determinable cash surrender value or conversion value, that is presumed to be its fair value. For some contracts, the best available estimate of fair value may be contract value.
","snippet":"Other contracts with insurance entities may not meet the definition of an insurance contract because the insurance entity does not unconditionally undertake a legal obligation to provide specified benefits to specified i…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:75faf62e44b664519fdfa7cb78b1f3cba38c9906b52d90bba5b5fbda3dbcb2ad","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f2940aeb44006edfe4b651f71787498b3491aadd54bb25d2008cef78be68d3ca","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"block":null,"heading":"Timing of Measurement","paragraphs":[{"citation":"715-60-35-121","para":"35-121","html":"
The measurements of plan assets and benefit obligations required by this Subtopic shall be as of the date of the employer's fiscal year-end statement of financial position, unless either of the following conditions applies:
  1. a
    The plan is sponsored by a subsidiary that is consolidated using a fiscal period that differs from its parent's, as permitted by paragraph 810-10-45-12.
  2. b
    The plan is sponsored by an investee that is accounted for using the equity method of accounting under Subtopic 323-10, using financial statements of the investee for a fiscal period that is different from the investor's, as permitted by paragraph 323-10-35-6.
","snippet":"The measurements of plan assets and benefit obligations required by this Subtopic shall be as of the date of the employer's fiscal year-end statement of financial position, unless either of the following conditions appli…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8a31a39755952bf4cbb0c347d8a95e60ba94643c1323f31349290bba645c0c76","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-122","para":"35-122","html":"
In those cases, the employer shall measure the subsidiary's plan assets and benefit obligations as of the date used to consolidate the subsidiary's statement of financial position and shall measure the investee's plan assets and benefit obligations as of the date of the investee's financial statements used to apply the equity method.
","snippet":"In those cases, the employer shall measure the subsidiary's plan assets and benefit obligations as of the date used to consolidate the subsidiary's statement of financial position and shall measure the investee's plan as…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:da7dd370d004807ae2b0fab5bac50e1c431efe01c17ae9ebfa0df85e3d2fae30","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-123","para":"35-123","html":"
For example, if a calendar year-end parent consolidates a subsidiary using the subsidiary's September 30 financial statements, the funded status of the subsidiary's benefit plan included in the consolidated financial statements shall be measured as of September 30.
","snippet":"For example, if a calendar year-end parent consolidates a subsidiary using the subsidiary's September 30 financial statements, the funded status of the subsidiary's benefit plan included in the consolidated financial sta…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d4dd476dad7048855b2e1f866628f818f97a75b1d0f7a1cb2cdb5cd62f355a86","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-123A","para":"35-123A","html":"
If an employer's fiscal year-end does not coincide with a month-end, the employer may measure plan assets and benefit obligations using the month-end that is closest to the employer's fiscal year-end. That election shall be applied consistently from year to year. The practical expedient shall be applied consistently to all of its defined benefit plans if an employer has more than one defined benefit plan.
","snippet":"If an employer's fiscal year-end does not coincide with a month-end, the employer may measure plan assets and benefit obligations using the month-end that is closest to the employer's fiscal year-end. That election shall…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1ab8c3a12843f0918ac6bd58643f70f46aab4adb7c1e4660783b8d873a457021","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-123B","para":"35-123B","html":"
If an employer measures plan assets and benefit obligations in accordance with paragraph 715-60-35-123A and a contribution or significant event caused by the employer (such as a plan amendment, settlement, or curtailment that calls for a remeasurement) occurs between the month-end date used to measure plan assets and benefit obligations and the employer's fiscal year-end, the employer shall adjust the fair value of plan assets and the actuarial present value of benefit obligations so those contributions or significant events are recognized in the period in which they occurred. An employer should not adjust the fair value of plan assets and the actuarial present value of benefit obligations for other events occurring between the month-end date used to measure plan assets and benefit obligations and the employer's fiscal year-end that may be significant to the measurement of defined benefit plan assets and obligations, but are not caused by the employer (for example, changes in market prices or interest rates).
","snippet":"If an employer measures plan assets and benefit obligations in accordance with paragraph 715-60-35-123A and a contribution or significant event caused by the employer (such as a plan amendment, settlement, or curtailment…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:7237d25dc7b26a39fb8ac8dfbc1e312456d1489b89188da0ca1e5eb4e09b70c2","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-124","para":"35-124","html":"
Even though the postretirement benefit measurements are required as of a particular date, all procedures are not required to be performed after that date. As with other financial statement items requiring estimates, much of the information can be prepared as of an earlier date and projected forward to account for subsequent events (for example, employee service).
","snippet":"Even though the postretirement benefit measurements are required as of a particular date, all procedures are not required to be performed after that date. As with other financial statement items requiring estimates, much…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:27abc171c9aa65718b21a89c1d1d89187631cf00576bc6ff42ab71fc3ab4b898","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-125","para":"35-125","html":"
Measurements of net periodic postretirement benefit cost for both interim and annual financial statements generally shall be based on the assumptions at the beginning of the year (assumptions used for the previous year-end measurements of plan assets and obligations) unless more recent measurements of both plan assets and the accumulated postretirement benefit obligation are available.
","snippet":"Measurements of net periodic postretirement benefit cost for both interim and annual financial statements generally shall be based on the assumptions at the beginning of the year (assumptions used for the previous year-e…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f161a793d8bb8e6ad9d62b431e831226980c0968c36d2a8869191d795bb2980d","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-126","para":"35-126","html":"
For example, if a significant event occurs, such as a plan amendment, settlement, or curtailment, that ordinarily would call for remeasurement, the assumptions used for those later measurements shall be used to remeasure net periodic postretirement benefit cost from the date of the event to the year-end measurement date.
","snippet":"For example, if a significant event occurs, such as a plan amendment, settlement, or curtailment, that ordinarily would call for remeasurement, the assumptions used for those later measurements shall be used to remeasure…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:094e9fb907edff283652ee23b26139a7e9e724e5eca5a0a1402a477262b950dd","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-126A","para":"35-126A","html":"
If a significant event caused by the employer (such as a plan amendment, settlement, or curtailment) that requires an employer to remeasure both plan assets and benefit obligations does not coincide with a month-end, the employer may elect to remeasure plan assets and benefit obligations using the month-end that is closest to the date of the significant event.
","snippet":"If a significant event caused by the employer (such as a plan amendment, settlement, or curtailment) that requires an employer to remeasure both plan assets and benefit obligations does not coincide with a month-end, the…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2096062c2e67ea22dc812654b5599e76e19f945b3757ad4e1d6f25beb0e78fd4","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-126B","para":"35-126B","html":"
If an employer remeasures plan assets and benefit obligations during the fiscal year in accordance with paragraph 715-60-35-126A, the employer shall adjust the fair value of plan assets and the actuarial present value of benefit obligations for any effects of the significant event that may or may not be captured in the month-end measurement (for example, if the closest month-end is before the date of a partial settlement, then the measurement of plan assets may include assets that are no longer part of the plan). An employer shall not adjust the fair value of plan assets and the actuarial present value of benefit obligations for other events occurring between the month-end date used to measure plan assets and benefit obligations and the employer's fiscal year-end that may be significant to the measurement of defined benefit plan assets and obligations, but are not caused by the employer (for example, changes in market prices or interest rates).
","snippet":"If an employer remeasures plan assets and benefit obligations during the fiscal year in accordance with paragraph 715-60-35-126A, the employer shall adjust the fair value of plan assets and the actuarial present value of…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:277a070bbf01147093c7e6ceb3c5760f81565ad384633fd1341ca2ffbdcca304","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-127","para":"35-127","html":"
Unless an employer remeasures both its plan assets and benefit obligations during the fiscal year, the funded status it reports in its interim-period statement of financial position shall be the same asset or liability recognized in the previous year-end statement of financial position adjusted for subsequent accruals of net periodic postretirement benefit cost that exclude the amortization of amounts previously recognized in other comprehensive income (for example, subsequent accruals of service cost, interest cost, and return on plan assets) and contributions to a funded plan, or benefit payments.
","snippet":"Unless an employer remeasures both its plan assets and benefit obligations during the fiscal year, the funded status it reports in its interim-period statement of financial position shall be the same asset or liability r…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0cd34b20bde23c1c50da6896b7155161f521ece950cbf956de2d1a7a06c54e7c","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:cb1dff1cfb4783ae67b896097fe95260460a4f6eb59e42ec2f70956158f99bdb","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"block":null,"heading":"Employers with Two or More Plans","paragraphs":[{"citation":"715-60-35-128","para":"35-128","html":"
An employer may have separate medical care, dental care, and eye care plans that provide benefit coverage to all retirees of the entity. Similarly, an employer may combine two or more unfunded plans that provide the same benefits to different groups of plan participants. For example, an employer may have identical postretirement medical care plans at each of its operating locations. This Subtopic permits combining plans in those situations because the differences in the plans are not substantive. Combining information in those cases results in combined measurements for accounting and disclosure purposes.
","snippet":"An employer may have separate medical care, dental care, and eye care plans that provide benefit coverage to all retirees of the entity. Similarly, an employer may combine two or more unfunded plans that provide the same…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e714620bc4ef35a0f67982d992f07c6de767a360ebb864ad327cc2b3a0c28984","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-128A","para":"35-128A","html":"
As required by paragraph 715-60-25-2, upon remeasurement, a business entity shall adjust its statement of financial position in a subsequent interim period to reflect the overfunded or underfunded status of the plan consistent with that measurement date.
","snippet":"As required by paragraph 715-60-25-2, upon remeasurement, a business entity shall adjust its statement of financial position in a subsequent interim period to reflect the overfunded or underfunded status of the plan cons…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:6aed5ef2199cca310922c1e324d689f7392d59446747ee9ef5bac266f7639c52","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-129","para":"35-129","html":"
Postretirement benefits offered by an employer may vary in nature and may be provided to different groups of employees. As discussed in the following paragraph, in some cases an employer may aggregate data from unfunded plans for measurement purposes in lieu of performing separate measurements for each unfunded plan (including plans whose designated assets are not appropriately segregated and restricted and thus have no plan assets as that term is used in this Subtopic). Net periodic postretirement benefit cost, the accumulated postretirement benefit obligation, and plan assets shall be determined for each separately measured plan or aggregation of plans by applying the provisions of this Subtopic to each such plan or aggregation of plans.
","snippet":"Postretirement benefits offered by an employer may vary in nature and may be provided to different groups of employees. As discussed in the following paragraph, in some cases an employer may aggregate data from unfunded …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f0a63e0c61d7ae525b341e0ba38f0a07ca2c3f540e61bee696913c8897574526","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-130","para":"35-130","html":"
The data from all unfunded postretirement health care plans may be aggregated for measurement purposes if those plans provide different benefits to the same group of employees or those plans provide the same benefits to different groups of employees. Data from other unfunded postretirement welfare benefit plans may be aggregated for measurement purposes in similar circumstances, such as when an employer has a variety of welfare benefit plans that provide benefits to the same group of employees. However, a plan that has plan assets (as defined herein) shall not be aggregated with other plans but shall be measured separately.
","snippet":"The data from all unfunded postretirement health care plans may be aggregated for measurement purposes if those plans provide different benefits to the same group of employees or those plans provide the same benefits to …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:98df6ab2985718353fa3d82d88e26f44a5ae2baae93946f27411d914d9aa1ab3","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f1aca793004c0d7a733a9918c3eacfac1fccf0c3d64afbc4217a45fa7261799a","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"block":null,"heading":"Multiple-Employer Plans","paragraphs":[{"citation":"715-60-35-131","para":"35-131","html":"
Some postretirement benefit plans to which two or more unrelated employers contribute are not multiemployer plans. Rather, those multiple-employer plans are in substance aggregations of single-employer plans, combined to allow participating employers to pool plan assets for investment purposes or to reduce the costs of plan administration. Those plans ordinarily do not involve collective-bargaining agreements. They may also have features that allow participating employers to have different benefit formulas, with the employer's contributions to the plan based on the benefit formula selected by the employer. Those plans shall be considered single-employer plans rather than multiemployer plans for purposes of this Subtopic, and each employer's accounting shall be based on its respective interest in the plan.
","snippet":"Some postretirement benefit plans to which two or more unrelated employers contribute are not multiemployer plans. Rather, those multiple-employer plans are in substance aggregations of single-employer plans, combined to…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:efae2c9f08a4510dfcff21ede4b7d6c55fa3e36287e0ba317e3626e461ca1a66","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:6db2f76708afb5e8435c4bd0a8580aaa537f73264bdeb0d497afec34ac110f1b","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"block":null,"heading":"Transfer of Excess Pension Assets to a Retiree Health Care Benefits Account","paragraphs":[{"citation":"715-60-35-132","para":"35-132","html":"
See paragraph 715-30-35-73.
","snippet":"See paragraph 715-30-35-73.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:514eca128c017c8ec70cacd95bb0c629e5857ce1aec94780822f6453ea906498","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f3750a8144c671db785ef691a6ca396882f598a171b1b51245c345417764ec1b","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"block":"Medicare Prescription Drug, Improvement, and Modernization Act","heading":null,"paragraphs":[{"citation":"715-60-35-133","para":"35-133","html":"
Changes in coverage provided by governmental programs (see paragraph 715-60-35-102) shall be considered in the period that the law is changed. However, the Medicare Prescription Drug, Improvement, and Modernization Act introduces the following two new features to Medicare that an employer needs to consider in determining those measurements:
  1. a
    A subsidy that is based on 28 percent of an individual beneficiary's annual prescription drug costs between $250 and $5,000 (subject to indexation and the provisions of the Act as to allowable retiree costs)
  2. b
    The opportunity for a retiree to obtain a prescription drug benefit under Medicare.
","snippet":"Changes in coverage provided by governmental programs (see paragraph 715-60-35-102) shall be considered in the period that the law is changed. However, the Medicare Prescription Drug, Improvement, and Modernization Act i…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:bd474269d694b185bb58b743783ee96ac378025c45350c214f88928ea8cc59a3","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-134","para":"35-134","html":"
Regardless of the impact of the subsidy, the existence of prescription drug coverage under Medicare Part D may have an effect on an employer's per capita claims cost for a plan that currently provides a prescription drug benefit. That effect depends on whether current and future retirees (or their beneficiaries under the employer-sponsored plan) enroll in the voluntary Medicare Part D plan and on the Act's macrosocioeconomic effects on health care cost trends and consumers' behavior.
","snippet":"Regardless of the impact of the subsidy, the existence of prescription drug coverage under Medicare Part D may have an effect on an employer's per capita claims cost for a plan that currently provides a prescription drug…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a457c79ed57df562e1153e1b5bfb155610be9c88c5b047a244b7253aef02c3a7","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-135","para":"35-135","html":"
In response to the Act, or for other reasons, an employer may amend an existing plan (or establish a new one). To the extent that an employer amends a plan (positively or negatively), the accumulated postretirement benefit obligation will be affected by the direct effects of the change in benefits attributed to employee services already rendered. If an amendment changes the determination as to the actuarial equivalency of benefits available under the plan, the expected subsidy to the employer also will change.
","snippet":"In response to the Act, or for other reasons, an employer may amend an existing plan (or establish a new one). To the extent that an employer amends a plan (positively or negatively), the accumulated postretirement benef…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:cb2f83159c8171f455573e1bf6958b545dcfa010ae9047d1b7114f341aa06ac6","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-136","para":"35-136","html":"
Therefore, under that guidance, measures of the accumulated postretirement benefit obligation and net periodic other postretirement benefit cost on or after the date of enactment shall reflect the effects of the Act.
","snippet":"Therefore, under that guidance, measures of the accumulated postretirement benefit obligation and net periodic other postretirement benefit cost on or after the date of enactment shall reflect the effects of the Act.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a5e564af17bbe2c9a53011a18acd829902724c85dd0e60a55ba7ddf8b98c8c71","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-137","para":"35-137","html":"
When an employer initially accounts for the subsidy its effect on the accumulated postretirement benefit obligation shall be accounted for as an actuarial experience gain pursuant to paragraphs 715-60-35-23 and
715-60-35-29 through 35-33
.
","snippet":"When an employer initially accounts for the subsidy its effect on the accumulated postretirement benefit obligation shall be accounted for as an actuarial experience gain pursuant to paragraphs 715-60-35-23 and 715-60-35…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f3ca87cf068c2949a55fe55f2ac38dea2658039869e34482a62d95deb7a14e5f","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-138","para":"35-138","html":"
Because the subsidy affects the employer's share of its plan's costs, the subsidy is included in measuring the costs of benefits attributable to current service. Therefore, the subsidy reduces service cost when it is recognized as a component of net periodic other postretirement benefit cost.
","snippet":"Because the subsidy affects the employer's share of its plan's costs, the subsidy is included in measuring the costs of benefits attributable to current service. Therefore, the subsidy reduces service cost when it is rec…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:48edb2b2f088499c82bff7c78b89bcf774d4536e044a68c7514fe0aa66dd119f","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-139","para":"35-139","html":"
If an estimate of the expected subsidy subsequently changes—as a result of changes in regulations or legislation, changes in the underlying estimates of other postretirement prescription drug costs, or for reasons other than a plan amendment—the effect of the change in estimate is an actuarial experience gain or loss pursuant to paragraph 715-60-35-23.
","snippet":"If an estimate of the expected subsidy subsequently changes—as a result of changes in regulations or legislation, changes in the underlying estimates of other postretirement prescription drug costs, or for reasons other …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3ba9459684ec01e088e46bf2e63a49dd40c6b694315cc791c1fef7a5f8e56d96","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-140","para":"35-140","html":"
If prescription drug benefits currently available under an existing plan are deemed not actuarially equivalent as of the date of enactment of the Act, but the plan is subsequently amended to provide actuarially equivalent benefits, the direct effect of the plan amendment on the accumulated postretirement benefit obligation (that is, the effect of only the change in prescription drug coverage) and the effect on the accumulated postretirement benefit obligation from any resulting subsidy to which the employer is expected to be entitled as a result of the amendment shall be combined. If that combined effect reduces the accumulated postretirement benefit obligation, it is deemed to be an actuarial experience gain pursuant to paragraph 715-60-35-23. If the combined effect increases the accumulated postretirement benefit obligation, it is deemed to be prior service cost that shall be accounted for pursuant to paragraphs
715-60-35-13 through 35-19
.
","snippet":"If prescription drug benefits currently available under an existing plan are deemed not actuarially equivalent as of the date of enactment of the Act, but the plan is subsequently amended to provide actuarially equivalen…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c3919e29858abcfe099695dd2c1c026ec404fcce7a072f301a3fa0abe0d5baf7","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-141","para":"35-141","html":"
A plan that provides prescription drug benefits that previously were deemed actuarially equivalent under the Act may be subsequently amended to reduce its prescription drug coverage and that reduced coverage may not be considered actuarially equivalent. In that circumstance, any actuarial experience gain related to the subsidy previously recognized is unaffected. However, the combined net effect on the accumulated postretirement benefit obligation of the subsequent plan amendment that reduces benefits under the plan and thus disqualifies the benefits as actuarially equivalent and the elimination of the subsidy shall be accounted for as prior service cost (credit) as of the date the amendment is adopted.
","snippet":"A plan that provides prescription drug benefits that previously were deemed actuarially equivalent under the Act may be subsequently amended to reduce its prescription drug coverage and that reduced coverage may not be c…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8757cf6ab1ad62f79d7f8b6669cfad32456aa37aaebadb9923694a3d2f082276","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-142","para":"35-142","html":"
When first determining the effects of the Act, an employer and its actuarial consultants may have been unable to determine the extent to which the benefits provided by a plan are actuarially equivalent as of the date of the initial measurement applying the guidance in the Medicare Prescription Drug, Improvement, and Modernization Act Subsections.
","snippet":"When first determining the effects of the Act, an employer and its actuarial consultants may have been unable to determine the extent to which the benefits provided by a plan are actuarially equivalent as of the date of …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:7e9ec2ab5955fa9df88a91df2ad064fe14c5c24dcf9b24d64a751b2ea4de584b","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-143","para":"35-143","html":"
If additional clarifying regulations related to the Act or new information about the interpretation or determination of actuarial equivalency under the Act becomes available, the employer shall reconsider whether the benefits provided under its plan, as presently constructed, are actuarially equivalent. If that reconsideration results in a conclusion that benefits provided by the plan are actuarially equivalent (or that additional benefits provided by the plan are actuarially equivalent in the case of a plan under which an employer previously had determined that some benefits were actuarially equivalent), that conclusion could be a significant event pursuant to paragraphs
715-60-35-125 through 35-128
.
","snippet":"If additional clarifying regulations related to the Act or new information about the interpretation or determination of actuarial equivalency under the Act becomes available, the employer shall reconsider whether the ben…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a3f4cdf71035ab346208ebcba27f57fc3e04e85dd161a6e0b358c3b90552efb6","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-144","para":"35-144","html":"
However, the guidance in the preceding paragraph does not apply if a plan amendment is the event that gives rise to the employer's reconsideration of actuarial equivalency. The guidance in paragraphs
715-60-35-140 through 35-141
applies to plan amendments.
","snippet":"However, the guidance in the preceding paragraph does not apply if a plan amendment is the event that gives rise to the employer's reconsideration of actuarial equivalency. The guidance in paragraphs 715-60-35-140 throug…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:74611982d2fda73c35263bcb949aaca349111c400840118bd5bedffe53157aff","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-145","para":"35-145","html":"
If the effects of the subsidy on the plan are significant, a measurement of plan assets and obligations shall be performed as of the date that actuarial equivalency is determined.
","snippet":"If the effects of the subsidy on the plan are significant, a measurement of plan assets and obligations shall be performed as of the date that actuarial equivalency is determined.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a2878dc0c4ba4d866b5ba08f2220375deee3546e979ae9470c8615668bd5e99c","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-146","para":"35-146","html":"
Any effect on the accumulated postretirement benefit obligation due to the subsidy shall be reflected as an actuarial gain consistent with the guidance in paragraph 715-60-35-137.
","snippet":"Any effect on the accumulated postretirement benefit obligation due to the subsidy shall be reflected as an actuarial gain consistent with the guidance in paragraph 715-60-35-137.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d6e4a6284037bcb6fefbe2c1f51e17b6bee470e911f58e2575b63b52c68a5d33","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-147","para":"35-147","html":"
Measures of net periodic postretirement benefit cost for subsequent periods would reflect the effects of those measurements.
","snippet":"Measures of net periodic postretirement benefit cost for subsequent periods would reflect the effects of those measurements.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:5ec2c50443202280b215a82b454ced518c5da204324b8509f10185c2a724d1fd","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-148","para":"35-148","html":"
Prior financial statements shall not be retroactively adjusted nor shall a cumulative effect for prior periods be recognized in income.
","snippet":"Prior financial statements shall not be retroactively adjusted nor shall a cumulative effect for prior periods be recognized in income.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:fa2f23b6f6ac45a60fa18b3962cfb91ff6512cc077c3407ac2af9c0eb7a673a9","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1a7b82bd395f5eaaa013aa0704fee78a4b67bff6548d0c1402c2fa8edb681668","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"block":"Settlements, Curtailments, and Certain Termination Benefits","heading":null,"paragraphs":[{"citation":"715-60-35-149","para":"35-149","html":"
This Subtopic provides for delayed recognition in net periodic postretirement benefit cost of the effects of a plan initiation or a plan amendment, the transition obligation or transition asset, and gains or losses arising in the ordinary course of operations. That is, generally, those amounts are recognized in other comprehensive income with subsequent amortization in net periodic postretirement benefit cost. However, in certain circumstances, as discussed in these Subsections, recognition in net periodic postretirement benefit cost of some or all of those amounts initially recognized in other comprehensive income is appropriate.
","snippet":"This Subtopic provides for delayed recognition in net periodic postretirement benefit cost of the effects of a plan initiation or a plan amendment, the transition obligation or transition asset, and gains or losses arisi…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ccaea95cae6b9ea8061fe433a6d89807fa93fbfe072d68df04325ec02286de80","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:fbea7958b4a7cc07b0e3df478ead429bc0377ef82b3dddb5ee708ec33700da0b","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"block":"Settlements, Curtailments, and Certain Termination Benefits","heading":"Remeasurement of Cost Due to Settlements","paragraphs":[{"citation":"715-60-35-150","para":"35-150","html":"
Settlements are events that may require income or expense recognition of certain amounts initially recognized in other comprehensive income and adjustments to liabilities or assets recognized in the employer's statement of financial position. The settlement of all or part of the accumulated postretirement benefit obligation is an event that requires recognition in income of all or part of a net gain or loss and transition asset remaining in accumulated other comprehensive income. A settlement also may accelerate recognition in income of a transition obligation under the constraint in paragraph 715-60-35-39.
","snippet":"Settlements are events that may require income or expense recognition of certain amounts initially recognized in other comprehensive income and adjustments to liabilities or assets recognized in the employer's statement …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:82317ba5a3e700a641b240dee6c83cfc3af6b7b8807c153eba2667ac16fc1b92","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-151","para":"35-151","html":"
For purposes of this Subsection, the maximum gain or loss subject to recognition in income when a postretirement benefit obligation is settled is the net gain or loss included in accumulated other comprehensive income defined in paragraphs
715-60-35-23 through 35-32
plus any transition asset remaining in accumulated other comprehensive income. That maximum gain or loss includes any gain or loss resulting from remeasurements of plan assets and the accumulated postretirement benefit obligation at the time of settlement.
","snippet":"For purposes of this Subsection, the maximum gain or loss subject to recognition in income when a postretirement benefit obligation is settled is the net gain or loss included in accumulated other comprehensive income de…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:46f3512c88b2f9d944fd6eb79321dc8fb86a9762728f970e9214bba29c14bf5f","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-152","para":"35-152","html":"
If the entire accumulated postretirement benefit obligation is settled and the maximum amount subject to recognition is a gain, the settlement gain shall first reduce any transition obligation remaining in accumulated other comprehensive income; any excess gain shall be recognized in income.
","snippet":"If the entire accumulated postretirement benefit obligation is settled and the maximum amount subject to recognition is a gain, the settlement gain shall first reduce any transition obligation remaining in accumulated ot…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0eede108b50ba5d4c507cc53180da006b5b59822aa77c5c2d9fcb4f99362955c","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-153","para":"35-153","html":"
If the entire accumulated postretirement benefit obligation is settled and the maximum amount subject to recognition is a loss, the maximum settlement loss shall be recognized in income. If only part of the accumulated postretirement benefit obligation is settled, the employer shall recognize in income the excess of the pro rata portion (equal to the percentage reduction in the accumulated postretirement benefit obligation) of the maximum settlement gain over any remaining transition obligation or a pro rata portion of the maximum settlement loss.
","snippet":"If the entire accumulated postretirement benefit obligation is settled and the maximum amount subject to recognition is a loss, the maximum settlement loss shall be recognized in income. If only part of the accumulated p…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:120589ca19b6e6f631cd785cd4c0b5fcd356482d4348456fc844c3c691ce9e0f","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-154","para":"35-154","html":"
As discussed in paragraph 715-60-35-39, in measuring the gain or loss subject to recognition in income when a postretirement benefit obligation is settled, an employer must determine whether recognition in income of an additional amount of any transition obligation remaining in accumulated other comprehensive income is required pursuant to the constraint on delayed recognition in income. Any additional transition obligation required to be recognized in income as a result of a settlement is recognized when the related settlement is recognized (see paragraph 715-60-35-40).
","snippet":"As discussed in paragraph 715-60-35-39, in measuring the gain or loss subject to recognition in income when a postretirement benefit obligation is settled, an employer must determine whether recognition in income of an a…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a836bc57f976220d7a44e092779ce595a9718341c5f0b189ee555283c2a21873","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-155","para":"35-155","html":"
Because the plan is the unit of accounting, the determination of the effects of a settlement considers only the net gain or loss and transition obligation or asset included in accumulated other comprehensive income related to the plan for which all or a portion of the accumulated postretirement benefit obligation is being settled.
","snippet":"Because the plan is the unit of accounting, the determination of the effects of a settlement considers only the net gain or loss and transition obligation or asset included in accumulated other comprehensive income relat…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ccf930e0458ea2cb67cbffeb35e8572bc25e4f1c1480befd79b1ed0197827f36","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-156","para":"35-156","html":"
If the purchase of a participating insurance contract constitutes a settlement, the maximum gain (but not the maximum loss) shall be reduced by the cost of the participation right before determining the amount to be recognized in income (see paragraphs
715-60-35-109 through 35-120
and 715-60-35-160).
","snippet":"If the purchase of a participating insurance contract constitutes a settlement, the maximum gain (but not the maximum loss) shall be reduced by the cost of the participation right before determining the amount to be reco…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:78212812589da0c795fd31b65de8f5aae85045a09bc1289df51e9471700ca070","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-157","para":"35-157","html":"
For the following types of settlements, the cost of the settlement is:
  1. a
    For a cash settlement, the amount of cash paid to plan participants
  2. b
    For a settlement using nonparticipating insurance contracts, the cost of the contracts
  3. c
    For a settlement using participating insurance contracts, the cost of the contracts less the amount attributed to participation rights (see paragraphs 715-60-35-115 and 35-116).
","snippet":"For the following types of settlements, the cost of the settlement is:\n(a) For a cash settlement, the amount of cash paid to plan participants\n(b) For a settlement using nonparticipating insurance contracts, the cost of …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2b513c8718647b55ed5c5ec432d188bfb51316233e67da5eb33e64c80a51f3c6","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-158","para":"35-158","html":"
If the cost of all settlements in a year is less than or equal to the sum of the service cost and interest cost components of net postretirement benefit cost for the plan for the year, gain or loss recognition is permitted but not required for those settlements. However, the accounting policy adopted shall be applied consistently from year to year.
","snippet":"If the cost of all settlements in a year is less than or equal to the sum of the service cost and interest cost components of net postretirement benefit cost for the plan for the year, gain or loss recognition is permitt…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:32a50345a68dfc855c7e705b2a24a7f601ae7f703276b86fb6015ca110bce4d8","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-159","para":"35-159","html":"
A settlement requires remeasurement of the accumulated postretirement benefit obligation before the settlement. In addition, after the settlement, net periodic postretirement benefit cost for the remainder of the year is remeasured.
","snippet":"A settlement requires remeasurement of the accumulated postretirement benefit obligation before the settlement. In addition, after the settlement, net periodic postretirement benefit cost for the remainder of the year is…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:916c1dd1a56fa383c45ae2352e30524cd8079049cdde7cf3a89cc8f2d271704b","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-160","para":"35-160","html":"
If an insurance contract is purchased from an insurance entity controlled by the employer, or if a participating insurance contract causes the employer to remain subject to all or most of the risks and rewards associated with the benefit obligation covered or the assets transferred to the insurance entity, that contract is not an insurance contract and the purchase of that contract does not constitute a settlement pursuant to paragraphs
715-60-35-150 through 35-160
.
","snippet":"If an insurance contract is purchased from an insurance entity controlled by the employer, or if a participating insurance contract causes the employer to remain subject to all or most of the risks and rewards associated…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d0bb65dee745679568bde7ab7ba756498dba9b95d308b900e6256516fd39038c","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:dbe6e0839bc8ffa50310a0f72bde4e183091c741266f2519d1f41fd7a59a875b","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"block":"Settlements, Curtailments, and Certain Termination Benefits","heading":"Remeasurement of Cost Due to Curtailments","paragraphs":[{"citation":"715-60-35-161","para":"35-161","html":"
Curtailments are events that may require income or expense recognition of certain amounts that were initially recognized in other comprehensive income.
","snippet":"Curtailments are events that may require income or expense recognition of certain amounts that were initially recognized in other comprehensive income.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:cc975b5b3d5d693d953aaf9e48efa8889a54f3d2dbedf3753d0ae5ff2640685c","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-162","para":"35-162","html":"
The reduction in active plan participants' expected years of future service or elimination of future benefit accruals caused by a curtailment raises doubt about the continued existence of the future economic benefits of prior plan amendments.
","snippet":"The reduction in active plan participants' expected years of future service or elimination of future benefit accruals caused by a curtailment raises doubt about the continued existence of the future economic benefits of …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f04b3790b2df0a4a7c3f771586d7781627af6695f30a2895e390a27e48892785","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-163","para":"35-163","html":"
Accordingly, these Subsections require recognition in net periodic postretirement benefit cost of any related prior service cost included in accumulated other comprehensive income.
","snippet":"Accordingly, these Subsections require recognition in net periodic postretirement benefit cost of any related prior service cost included in accumulated other comprehensive income.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9c02ca950fbcb40368a6ce00ca2b9eb9c8101986661d6209a7632465700bad58","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-164","para":"35-164","html":"
The prior service cost included in accumulated other comprehensive income associated with the portion of the future years of service that had been expected to be rendered, but as a result of a curtailment are no longer expected to be rendered, is a loss. For purposes of measuring the effect of a curtailment, prior service cost includes the cost of plan amendments and any remaining transition obligation. For example, a curtailment may result from the termination of a significant number of employees who were plan participants at the date of a prior plan amendment.
","snippet":"The prior service cost included in accumulated other comprehensive income associated with the portion of the future years of service that had been expected to be rendered, but as a result of a curtailment are no longer e…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e4cbace40c5cfd2a99cb8448c6797a3f484486d76009d0b3d29910975093223b","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-165","para":"35-165","html":"
The loss associated with that curtailment is measured as the portion of the remaining prior service cost included in accumulated other comprehensive income related to that (and any prior) plan amendment attributable to the previously expected remaining future years of service of the employees who were terminated and the portion of the remaining transition obligation attributable to the previously expected remaining future years of service of the terminated employees who were plan participants at the date of transition.
","snippet":"The loss associated with that curtailment is measured as the portion of the remaining prior service cost included in accumulated other comprehensive income related to that (and any prior) plan amendment attributable to t…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:59eced9dbda7af13b6b6106cf0f7bb0c7c06322fe7dd325da90aca4719b1a2c0","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-166","para":"35-166","html":"
A curtailment also may result from terminating the accrual of additional benefits for the future services of a significant number of employees. The loss in that situation is both of the following:
  1. a
    A proportionate amount of the remaining prior service cost included in accumulated other comprehensive income based on the portion of the remaining expected years of service in the amortization period that originally was attributable to those employees who were plan participants at the date of the plan amendment and whose future accrual of benefits has been terminated
  2. b
    A proportionate amount of the transition obligation remaining in accumulated other comprehensive income based on the portion of the remaining years of service of all participants active at the date of transition that originally was attributable to the remaining expected future years of service of the employees whose future accrual of benefits has been terminated.
","snippet":"A curtailment also may result from terminating the accrual of additional benefits for the future services of a significant number of employees. The loss in that situation is both of the following:\n(a) A proportionate amo…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:555faec26fa4cdfb57a3b37e91f83d8e7addd064de676daece069ab2f573839f","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-167","para":"35-167","html":"
When a full curtailment occurs, the entire prior service cost and transition obligation remaining in accumulated other comprehensive income is a loss because there are no future years of service to be rendered.
","snippet":"When a full curtailment occurs, the entire prior service cost and transition obligation remaining in accumulated other comprehensive income is a loss because there are no future years of service to be rendered.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d40ee9eeccde04df1f7d6acb7552a6545fb2dfe382d2cab3cb976181d86dd663","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-168","para":"35-168","html":"
Accounting for a curtailment is not applied to any prior service cost newly created at the time of the curtailment.
","snippet":"Accounting for a curtailment is not applied to any prior service cost newly created at the time of the curtailment.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e4bc114e152d4cbd04e8e9ad55b06646e1d5a9e4a11b5012787619f003b1606b","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-169","para":"35-169","html":"
The accumulated postretirement benefit obligation may be decreased (a gain) or increased (a loss) by a curtailment. That (gain) loss shall reduce any net loss (gain) included in accumulated other comprehensive income as follows:
  1. a
    To the extent that such a gain exceeds any net loss included in accumulated other comprehensive income (or the entire gain, if a net gain exists), it is a curtailment gain.
  2. b
    To the extent that such a loss exceeds any net gain included in accumulated other comprehensive income (or the entire loss, if a net loss exists), it is a curtailment loss.
For purposes of applying the provisions of this paragraph, any transition asset remaining in accumulated other comprehensive income shall be treated as a net gain and shall be combined with the net gain or loss arising after transition to the Settlements, Curtailments, and Certain Termination Benefits Subsections.
","snippet":"The accumulated postretirement benefit obligation may be decreased (a gain) or increased (a loss) by a curtailment. That (gain) loss shall reduce any net loss (gain) included in accumulated other comprehensive income as …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:efd3671767de0e69ecf8b5a1c461d8c620e99f192a6626960830551e1a113da2","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-170","para":"35-170","html":"
Increases in the accumulated postretirement benefit obligation that reflect termination benefits are excluded from the scope of paragraphs 715-60-35-161 through this paragraph (see paragraphs
715-60-25-4 through 25-6
for guidance on accounting for termination benefits).
","snippet":"Increases in the accumulated postretirement benefit obligation that reflect termination benefits are excluded from the scope of paragraphs 715-60-35-161 through this paragraph (see paragraphs 715-60-25-4 through 25-6for …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:debfaa87399da004b3524c9359f38dc244cd1125a677b851619030e2a8c8aedd","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-171","para":"35-171","html":"
If the sum of the effects identified in paragraphs
715-60-35-164 through 35-169
is a net loss, it shall be recognized in income when it is probable that a curtailment will occur and the net effect is reasonably estimable. If the sum of those effects is a net gain, it shall be recognized in income when the related employees terminate or the plan suspension or amendment is adopted.
","snippet":"If the sum of the effects identified in paragraphs 715-60-35-164 through 35-169 is a net loss, it shall be recognized in income when it is probable that a curtailment will occur and the net effect is reasonably estimable…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2421fc32ec657f410e2e6fbcd901bfe4312e301e8e8d346d17d61ec9967dce73","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8d616cde57768a23e8092dd860ceda75db347df962e3645eee94db241d911ada","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"block":"Settlements, Curtailments, and Certain Termination Benefits","heading":"Relationship of Settlements or Curtailments to Other Events","paragraphs":[{"citation":"715-60-35-172","para":"35-172","html":"
A settlement and a curtailment may occur separately or together.
","snippet":"A settlement and a curtailment may occur separately or together.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:7190ae70b47a4051b34bb8ece64ed9fe868e08ae76775372734f4040db7eabc8","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-173","para":"35-173","html":"
If benefits expected to be paid in future periods are eliminated for some plan participants (for example, because a significant portion of the work force is dismissed or a plant is closed) but the plan remains in existence and continues to pay benefits, to invest assets, and to receive contributions, a curtailment has occurred but not a settlement.
","snippet":"If benefits expected to be paid in future periods are eliminated for some plan participants (for example, because a significant portion of the work force is dismissed or a plant is closed) but the plan remains in existen…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0dc5e4e2cfe43259a2a2a34fe6a8d02280f1a210edd9b3d2a616b4d143d715c1","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-174","para":"35-174","html":"
If an employer purchases nonparticipating insurance contracts for the accumulated postretirement benefit obligation and continues to provide defined benefits for future service, either in the same plan or in a successor plan, a settlement has occurred but not a curtailment.
","snippet":"If an employer purchases nonparticipating insurance contracts for the accumulated postretirement benefit obligation and continues to provide defined benefits for future service, either in the same plan or in a successor …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:fccd6df2f6c951c392a9b94efebdf07859254e315b32f39990127f7f9755bc0a","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-175","para":"35-175","html":"
If a plan termination occurs (that is, the obligation is settled and the plan ceases to exist) and the plan is not replaced by a successor defined benefit plan, both a settlement and a curtailment have occurred (whether or not the employees continue to work for the employer).
","snippet":"If a plan termination occurs (that is, the obligation is settled and the plan ceases to exist) and the plan is not replaced by a successor defined benefit plan, both a settlement and a curtailment have occurred (whether …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1853c7a56764f8d32aae1af6439e4e35882a8683164be8e8c23e667958d76b65","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-176","para":"35-176","html":"
The settlement or the termination of one plan and the adoption of a substantially equivalent replacement plan does not trigger recognition in income of prior service cost. Neither of those events, absent a curtailment, raises sufficient doubt as to the existence of future economic benefits to trigger that recognition in income.
","snippet":"The settlement or the termination of one plan and the adoption of a substantially equivalent replacement plan does not trigger recognition in income of prior service cost. Neither of those events, absent a curtailment, r…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3ec4f0d87c9f1998cf429d8fe16bf76d1d7a8a4bf5b67128989bbb38683f3ccf","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:12c0d5c2f2a2a3f80d3bcdbe2b3995a3c0669ba47e63381ecc898ce1d43f97cb","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"block":"Split-Dollar Life Insurance Arrangements","heading":null,"paragraphs":[{"citation":"715-60-35-177","para":"35-177","html":"
For an endorsement split-dollar life insurance arrangement within the scope of the Split-Dollar Life Insurance Arrangements Subsections, an employer shall recognize a liability for future benefits in accordance with this Subtopic (if, in substance, a postretirement benefit plan exists) or Subtopic 710-10 (if the arrangement is, in substance, an individual deferred compensation contract) based on the substantive agreement with the employee.A liability for the benefit obligation under this Subtopic or Subtopic 710-10 has not been settled through the purchase of a typical endorsement split-dollar life insurance arrangement.
","snippet":"For an endorsement split-dollar life insurance arrangement within the scope of the Split-Dollar Life Insurance Arrangements Subsections, an employer shall recognize a liability for future benefits in accordance with this…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:7bf8004d14858d5f4a6c1d2616f6b17ed8cd1d5b15dccfecbce5184ab31311b3","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-178","para":"35-178","html":"
For example, if the employer has effectively agreed to maintain a life insurance policy during the employee's retirement, the cost of the insurance policy during postretirement periods shall be accrued in accordance with either this Subtopic or Subtopic 710-10.
","snippet":"For example, if the employer has effectively agreed to maintain a life insurance policy during the employee's retirement, the cost of the insurance policy during postretirement periods shall be accrued in accordance with…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:38aca844bddb419e4524a2de1faa8550b79bbfacaf1a17212202e05fb7cad6fb","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-179","para":"35-179","html":"
Similarly, if the employer has effectively agreed to provide the employee with a death benefit, the employer shall accrue, over the service period, a liability for the actuarial present value of the future death benefit as of the employee's expected retirement date, in accordance with either this Subtopic or Subtopic 710-10.
","snippet":"Similarly, if the employer has effectively agreed to provide the employee with a death benefit, the employer shall accrue, over the service period, a liability for the actuarial present value of the future death benefit …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:09b0232ef6c6f5e41a6e903324a52bce70494d2c34a5418672b6dc6bc617d08d","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-180","para":"35-180","html":"
An employer shall recognize a liability for the postretirement benefit related to a collateral assignment split-dollar life insurance arrangement in accordance with either this Subtopic (if, in substance, a postretirement benefit plan exists) or Subtopic 710-10 (if the arrangement is, in substance, an individual deferred compensation contract) if the employer has agreed to maintain a life insurance policy during the employee's retirement or provide the employee with a death benefit based on the substantive agreement with the employee.
","snippet":"An employer shall recognize a liability for the postretirement benefit related to a collateral assignment split-dollar life insurance arrangement in accordance with either this Subtopic (if, in substance, a postretiremen…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:39dc65ba2f3871a0128d7c9a89b690cded12643a4126dc94ae896d861c221161","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-181","para":"35-181","html":"
For example, if the employer has effectively agreed to maintain life insurance policy during the employee's retirement, the estimated cost of maintaining the insurance policy during the postretirement period shall be accrued in accordance with either this Subtopic or Subtopic 710-10.
","snippet":"For example, if the employer has effectively agreed to maintain life insurance policy during the employee's retirement, the estimated cost of maintaining the insurance policy during the postretirement period shall be acc…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:db3de84e8879af74d4cd7a7edd32415bef8c3c65dfc0d884b615c2d95e68004e","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-182","para":"35-182","html":"
Similarly, if the employer has effectively agreed to provide the employee with a death benefit, the employer shall accrue a liability for the actuarial present value of the future death benefit as of the employee's expected retirement date, in accordance with either this Subtopic or Subtopic 710-10.
","snippet":"Similarly, if the employer has effectively agreed to provide the employee with a death benefit, the employer shall accrue a liability for the actuarial present value of the future death benefit as of the employee's expec…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f79384b402b485fda0eab1bc5f193a66d3ee492ac94bf520e3d2602f705d1e0e","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-183","para":"35-183","html":"
For purposes of the Split-Dollar Life Insurance Arrangements Subsections, an employer has agreed to maintain a life insurance policy if the employer has stated or implied commitment to provide loans to an employee to fund premium payments on the underlying insurance policy during the postretirement period. Absent evidence to the contrary, it shall be presumed that an employer will provide loans to an employee to fund premium payments on the underlying insurance policy in the postretirement period if the employer has provided loans in the past or if the employer is currently promising to provide loans in the future.
","snippet":"For purposes of the Split-Dollar Life Insurance Arrangements Subsections, an employer has agreed to maintain a life insurance policy if the employer has stated or implied commitment to provide loans to an employee to fun…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:fe340904884d43639002fc7e5d4d81a134818da0ff576b78202e83d8d5d00314","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-184","para":"35-184","html":"
In periods following the inception of the collateral assignment split-dollar life insurance arrangement, employers shall continue to evaluate (pursuant to the guidance in the Split-Dollar Life Insurance Arrangements Subsections) whether a change in facts and circumstances (for example, an amendment to the arrangement or change from the employer's past practice) has altered the substance of the collateral assignment split-dollar life insurance arrangement, which could result in a liability or an adjustment to a previously recognized liability, for a postretirement benefit.
","snippet":"In periods following the inception of the collateral assignment split-dollar life insurance arrangement, employers shall continue to evaluate (pursuant to the guidance in the Split-Dollar Life Insurance Arrangements Subs…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:4856971aab47e91352dad5902a146811116a202e1c732bbc17e9f941cd399c22","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"citation":"715-60-35-185","para":"35-185","html":"
In addition, an employer shall recognize and measure an asset based on the nature and substance of the collateral assignment split-dollar life insurance arrangement.
","snippet":"In addition, an employer shall recognize and measure an asset based on the nature and substance of the collateral assignment split-dollar life insurance arrangement.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d06c0f57848a3995ec426b23ae21ddabb4c632d1ed41b0eb50ce1aaeebc17633","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:718dee8d3c71b67eff149ed69dddd18a421cb319b873449644414423a5697f46","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:009eccbfb1866c6fce494e19f790cafbed01e7d78d7f2345b03fdf45e30903f3","downloaded_from":"2026-09-10T01:00:41.029Z","last_downloaded_at":"2026-09-10T01:00:41.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480300","source_sha256":"d3fffd365e55dd82431ba1af9235081b9036d587f141bfe6ee1794179ba87cda"}},{"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":"
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 provided in paragraphs
715-60-50-2 through 50-6
.
","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":"
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 that provides prescription drug coverage but for which the employer has not yet been able to determine actuarial equivalency.
","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":"
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 employer includes the effects of the subsidy in measuring net periodic postretirement benefit cost, it shall disclose all of the following:
  1. a
    The reduction in the accumulated postretirement benefit obligation for the subsidy related to benefits 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 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
    , 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).
","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":"
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 separately the gross amount of the subsidy receipts (received and expected, respectively).
","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":"
Paragraph not used.
","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":"
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.
","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 timestamps","source_key":"1943274/2147480266","source_sha256":"b7fa6d2d3c51c27c99b43e617e1e410d528279d8652f46cecff86de8ab7e2f99"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2e3178e47db4c168810c2c9ac2930bbe902226b2d13e29276e7223e8c52a784f","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":"sha256:1a4f7dcac753f6a239fd732f2fd064c960b01d3caf6d07c439c8580f89dc7627","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"}},{"number":"55","label":"55 Implementation Guidance and Illustrations","anchor":"55-implementation-guidance-and-illustrations","is_sec":false,"groups":[{"block":null,"heading":"Implementation Guidance","paragraphs":[{"citation":"715-60-55-1","para":"55-1","html":"
A collectively bargained defined benefit postretirement health care plan of a single employer may stipulate that benefits will be provided for the duration of the collective-bargaining agreement or may imply or explicitly state that benefits are subject to renegotiation upon the expiration of the current collective-bargaining agreement. Past negotiations have resulted in the continuation of the plan, although the plan has been amended at various times. The accumulated postretirement benefit obligation should be measured assuming that benefits will be provided beyond the period covered by the current collective-bargaining agreement. Unless the most recently negotiated collective-bargaining agreement explicitly states for the first time that the payment of postretirement benefits will be discontinued upon the contract's expiration and that is the expectation of the parties to the agreement, the presumption of an ongoing plan is not overcome by the presence of an expiration date for the present collective-bargaining agreement.
","snippet":"A collectively bargained defined benefit postretirement health care plan of a single employer may stipulate that benefits will be provided for the duration of the collective-bargaining agreement or may imply or explicitl…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:4b74c0b72c4ee515d5c271ee27e82932010b3a07b730cce16e4ecc5c4ed14bac","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-2","para":"55-2","html":"
A defined dollar cap is part of an employer's cost-sharing arrangement under which the employer limits the amount it will spend for retiree benefits by defining the maximum dollar amount for each retiree or the retiree group to be applied by the employer toward the cost of retiree benefits. For example, a plan with a defined dollar cap may stipulate that the employer will pay for all retiree health care costs in a year up to a specified dollar limit. A past practice of regular increases (or decreases) in that defined dollar cap may indicate that the cost-sharing provisions of the substantive plan differ from the extant written plan. Future amendments to a written postretirement health care plan that change the amount of a defined dollar cap can be anticipated as part of the substantive plan if the conditions in paragraphs
715-60-35-51 through 35-55
are satisfied.
","snippet":"A defined dollar cap is part of an employer's cost-sharing arrangement under which the employer limits the amount it will spend for retiree benefits by defining the maximum dollar amount for each retiree or the retiree g…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:15b54da5e2aaa2542a83dbd0ef8ade734f96d361ed63ff438d9228bb41dd088f","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-3","para":"55-3","html":"
A postretirement health care plan with a defined dollar cap is not considered to be a plan that provides benefits defined in terms of monetary amounts as discussed in paragraph 715-60-35-56. Changes in monetary benefits provided by one plan or changes in the amount of a defined dollar cap on cost sharing for a different plan may need to be anticipated as part of determining what the substantive plans are. However, the nature of the promises for the two plans differs. Benefits for the first plan are defined in monetary amounts, for example, a stipulated dollar amount of life insurance coverage, whereas benefits offered under the defined dollar capped plan are not defined in monetary amounts. Although the cap on the employer's contribution is defined in monetary terms, the benefits are the specified eligible medical claims with payment by the employer being no greater than the amount of that cap. Changes in the types of benefits or the types of health care costs covered by a plan cannot be anticipated.
","snippet":"A postretirement health care plan with a defined dollar cap is not considered to be a plan that provides benefits defined in terms of monetary amounts as discussed in paragraph 715-60-35-56. Changes in monetary benefits …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:eb329f715ffb1e9edb9263bee2120b4f738453501a97f14eed1a41731b1e051e","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-4","para":"55-4","html":"
The assumed discount rates used to measure an employer's postretirement benefit obligation may be the same rates used to measure its pension benefit obligation under Subtopic 715-30 or they may not be for various reasons. Differences could occur between the discount rates used to measure the pension benefit obligation and the discount rates used to measure the postretirement benefit obligation. For example, the expected timing of postretirement benefit payments may differ from the expected timing of pension benefit payments. Those differences could occur particularly if the participants in each plan are different. In addition, rates implicit in current prices of annuity contracts might be used to measure the pension benefit obligation, and no similar contracts may be available to settle the postretirement benefit obligation (see paragraphs
715-20-55-1 through 55-2
).
","snippet":"The assumed discount rates used to measure an employer's postretirement benefit obligation may be the same rates used to measure its pension benefit obligation under Subtopic 715-30 or they may not be for various reasons…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:5959e4cecdc511b8d713112bd7bd2263264b0224e110fb2b10a072c6f160295f","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-5","para":"55-5","html":"
An employer sponsors a health care plan that provides benefits to both active employees and pre-age-65 retirees. The plan requires active employees and retirees to contribute to the plan. The contributions of active employees may be used to reduce the employer's cost of providing benefits to retirees , but only if the amount contributed by active employees over their service periods exceeds the cost of providing their health care benefits while they are employed and the employer has no obligation to refund that excess. In that case, the excess would be applied to reduce the cost of the retirees' benefits. If active employee contributions do not exceed the cost of active benefits, the full amount of the active employees' contributions should be applied to the cost of their active benefits. The cost of providing health care benefits to active employees should be measured assuming only active employees are covered by the plan.
","snippet":"An employer sponsors a health care plan that provides benefits to both active employees and pre-age-65 retirees. The plan requires active employees and retirees to contribute to the plan. The contributions of active empl…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:197e3aa1ba1ca53f56981a71d4a2af1fe8a70d72657338730f8a8600d2dc8682","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-6","para":"55-6","html":"
An employer has a contributory health care plan covering active employees and retirees under which retirees pay 100 percent of the average cost of benefits determined based on the combined experience of active employees and retirees. The employer pays all of the remaining cost. The active employees do not contribute to the plan. Under this arrangement, the employer has an obligation under this Subtopic if the actual cost of providing benefits to the retirees is greater than their contributions. In that case, the employer is subsidizing a portion of the cost of the retirees' benefits. See paragraph 715-60-35-97. Thus, the employer would have an obligation for the difference between the expected cost of providing the retirees' benefits and the retirees' expected contributions, whether those contributions are established at 100 percent of the average cost or at a lesser amount.
","snippet":"An employer has a contributory health care plan covering active employees and retirees under which retirees pay 100 percent of the average cost of benefits determined based on the combined experience of active employees …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:76b5f52d66aca75587f71de93b1fa686505df1e2022b615e10c3a5a94e5088b2","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-7","para":"55-7","html":"
For a plan that stipulates that the benefit to be provided is the payment of retirees' health care claims, the cost of premiums for insurance that an employer expects to purchase to finance its obligation may be used to measure the obligation if it produces a reasonable estimate of the future cost of benefits covered by the plan. In some situations, such as in a community-rated insurance plan that provides the type of benefits covered by the employer's plan and in which the premium cost to the employer is based on the experience of all participating employers, the claims experience of a single employer generally will have little impact on its premiums. Accordingly, in those situations a projection of future premiums based on the current premium structure and expected changes in the general level of health care costs may provide a reasonable estimate of the employer's obligation. However, if premiums are adjusted for the actual claims experience or the age and sex of the plan's participants (an experience-rated plan), the foregoing projection of the employer's obligation may not produce a reasonable estimate of the future cost of the underlying benefits of the plan.
","snippet":"For a plan that stipulates that the benefit to be provided is the payment of retirees' health care claims, the cost of premiums for insurance that an employer expects to purchase to finance its obligation may be used to …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c95c50050e2204fefeb0fa298e26ef9edf7c86cec8faffa860d08b45925c8aac","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-8","para":"55-8","html":"
An employer that has measured its postretirement health care benefit obligation by projecting the cost of premiums for purchased health care insurance has not reduced or eliminated the applicability of any provisions of this Subtopic. The employer should follow this Subtopic in its entirety including calculating and disclosing the components of net periodic postretirement benefit cost, which would still include service cost for active employees and interest cost.
","snippet":"An employer that has measured its postretirement health care benefit obligation by projecting the cost of premiums for purchased health care insurance has not reduced or eliminated the applicability of any provisions of …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d519b9e980a1b324e5cfd33777418bedcca597a5d7b1202ec77c573d8dee24d8","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-9","para":"55-9","html":"
When determining its postretirement benefit obligation , an employer should assume a trend of decreasing (or increasing) Medicare reimbursement rates (for example, certain health care costs may have increased by 15 percent last year but Medicare may have only covered a smaller increase, which increased the employer's or retirees' share of the cost of benefits) only if those changes result from currently enacted legislation or regulations. For instance, to the extent that certain coverage under Medicare changes as a result of applying a legislated formula or historical administrative practice, an employer should consider the effects of those changes in projecting Medicare coverage in future years. Doing so may result in a higher or lower amount of coverage. Future legislation that would change the portion of costs covered by Medicare should not be anticipated even though a historical trend of those changes may be apparent.
","snippet":"When determining its postretirement benefit obligation , an employer should assume a trend of decreasing (or increasing) Medicare reimbursement rates (for example, certain health care costs may have increased by 15 perce…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:07236edd754dbca519bd9c5ea198b0c2145dcd7a54d02711b3832a13d8c4f9d0","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-10","para":"55-10","html":"
An employer modifies the eligibility requirements under its postretirement benefit plan by changing the plan's credited service period from 25 years of service after age 40 to 15 years of service after both reaching age 50 and rendering 10 years of service. Under the amended plan, the attribution period begins at the date of hire because the plan has an undefined credited service period. The amended plan still requires 25 years of credited service. However, it grants credit for 10 years of service before age 50 and those years of service are not defined. The effect of the change in eligibility requirements is to lengthen the attribution period for employees hired before age 40.
","snippet":"An employer modifies the eligibility requirements under its postretirement benefit plan by changing the plan's credited service period from 25 years of service after age 40 to 15 years of service after both reaching age …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:7e291f8494fa44a6a4d051c57cf1d41b2c3db822c889e92fdf8b958d1c1eaef0","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-11","para":"55-11","html":"
An employer provides retiree health care and life insurance benefits under one plan. Employees are eligible for health care and death benefits upon attaining age 55 and having rendered 20 years of service; however, the life insurance benefits are based on final pay. Basing the life insurance benefits on final pay extends the full eligibility date to a plan participant's expected retirement date, provided the incremental increase in the life insurance benefits offered under the plan for an employee's service after age 55 is not trivial in relation to the total benefits expected to be received by the employee under that plan. For example, if an employee is expected to fulfill the 20-year service requirement before age 55 and is expected to retire at age 62 with salary increases in all years of service, the employee's full eligibility date is the date he or she reaches age 62. Note that the plan described has an indefinite credited service period, because the qualifying 20-year period is unspecified. Accordingly, the attribution period for that plan begins at the date of hire and ends on the full eligibility date.
","snippet":"An employer provides retiree health care and life insurance benefits under one plan. Employees are eligible for health care and death benefits upon attaining age 55 and having rendered 20 years of service; however, the l…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:5caf33262471c171793490bb354fbabc2fed2b86312e94171fe23d41fee83794","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-12","para":"55-12","html":"
Moreover, even if the terms of the plan described in paragraphs
715-60-55-10 through 55-11
specified which 20-year service period constituted the credited service period, for example, the first 20 years after date of hire, or the first 20 years of service after age 35, basing life insurance benefits on final pay would still extend the full eligibility date to the expected date of retirement, again, assuming the incremental life insurance benefits after the defined 20 years of service are nontrivial. If the plan formula specifies the first 20 years as the credited service period, the employer needs to assess whether that results in a frontloaded benefit as described in paragraph 715-60-35-62. If that provision results in a frontloaded benefit, the benefit obligation should not be attributed ratably to each year of service in the attribution period but should be attributed in accordance with the plan's benefit formula.
","snippet":"Moreover, even if the terms of the plan described in paragraphs 715-60-55-10 through 55-11 specified which 20-year service period constituted the credited service period, for example, the first 20 years after date of hir…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ab017ac94f20ef9e089f828653bd4ed43615b2c4352d4e7113ba4a7d5fe1b59e","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-13","para":"55-13","html":"
However, the attribution period for the plan described in paragraphs
715-60-55-10 through 55-11
would be different if the benefits are provided and accounted for under two separate plans, one providing life insurance benefits and the other providing health care benefits. In that case, the full eligibility date for participants in the life insurance plan would not influence the determination of the full eligibility date for participants in the health care plan. A frontloaded plan may provide two or more benefits, such as health care and life insurance benefits, that are earned under different benefit formulas. For example, assume the typical participant covered by the plan described in paragraphs
715-60-55-10 through 55-11
is an individual hired at age 20 who is expected to retire at age 62 with 42 years of service. If the expected postretirement benefit obligation at age 40 for that employee is $39,405 ($28,500 for health care benefits and $10,905 for life insurance benefits), a ratable (1/42) allocation of the expected postretirement benefit obligation to each year of service would result in an accumulated postretirement benefit obligation of $18,764 ($13,571 for health care benefits and $5,193 for life insurance benefits) at the end of the 20th year. However, if the plan's benefit formulas for both health care and life insurance benefits stipulate that employees are not required to render additional service after their first 20 years in order to receive those benefits, the aggregate benefits under the plan may be frontloaded, even though life insurance benefits increase for additional years of service beyond the 20th year. See the following calculations:
  1. a
    $10,915 equals the actuarial present value of life insurance benefits based on final pay, assuming the employee was hired at a salary of $15,000 that increases by 5 percent annually, a life expectancy of 75 years, and a discount rate of 7 percent.
  2. b
    20/42 x $39,405 = $18,764.
  3. c
    20/42 x $28,500 = $13,571.
  4. d
    20/42 x $10,905 = $5,193.
","snippet":"However, the attribution period for the plan described in paragraphs 715-60-55-10 through 55-11 would be different if the benefits are provided and accounted for under two separate plans, one providing life insurance ben…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:884489f66622e15b61cf96ab919a3e1a56eb98489b1388a392629464e88c5015","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-14","para":"55-14","html":"
If the combined values of both health care and life insurance benefits earned based on their respective benefit formulas after 20 years are significantly greater than the accumulated postretirement benefit obligation that would result from a ratable allocation of the expected postretirement benefit obligation, a disproportionate share of the expected postretirement benefit obligation is attributable under the benefit formulas to the employee's early years of service. In that case, the attribution of the obligation for both benefits under the plan should follow their respective benefit formulas. Following the benefit formulas in this example, the accumulated postretirement benefit obligation for health care and for life insurance benefits for the hypothetical employee at the end of 20 years is $28,500 and $3,728, respectively. Accordingly, the accumulated postretirement benefit obligation for that employee at the end of the first 20 years of service should be $32,228 rather than $18,764; that is, the plan is frontloaded and benefits should be attributed following the benefit formula. (Assumed life insurance benefit equal to Year 20 salary of $39,799 discounted at 7 percent for 35 years = $3,728.)
","snippet":"If the combined values of both health care and life insurance benefits earned based on their respective benefit formulas after 20 years are significantly greater than the accumulated postretirement benefit obligation tha…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3075c2f0d7794a8171788c5de8bfe5b6abe49de4093039b6f0e5128850115793","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-15","para":"55-15","html":"
An employer has a retiree health care plan that bases benefits on length of service and requires employees to render a minimum of 10 years of service after attaining age 45 to be eligible for any benefits. However, upon attaining age 45, employees receive credit for 3 percent of the maximum benefit for each year of service before age 45. For example, at age 45 an employee hired at age 25 receives credit for 60 percent (3 percent x 20 years) of the plan's postretirement health care benefits. The credited service period begins at the date of hire because the amount of total benefits is based on the years of service rendered after that date.
","snippet":"An employer has a retiree health care plan that bases benefits on length of service and requires employees to render a minimum of 10 years of service after attaining age 45 to be eligible for any benefits. However, upon …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:bd19dc697b6e835a2fef68a532012552a6cfa9e3594cc7f5a1fc722680b1e604","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-16","para":"55-16","html":"
An employer requires an employee to participate in its contributory active health care plan to be eligible to participate in its retiree health care plan. An employee can join the active plan at any time before retirement but must have worked 10 years and attained age 55 while in service to be eligible for benefits under the retiree plan. The attribution period for an employee who is or is expected to be a participant in the active plan begins at the date of hire because the plan's eligibility requirements do not specify which 10 years of service must be rendered in exchange for the benefits. That an employee must participate in the contributory active plan does not affect the determination of the attribution period. However, an employee would not be considered a plan participant if the employer expects that the employee will never contribute to the active plan and, therefore, will not be eligible to participate in the retiree plan.
","snippet":"An employer requires an employee to participate in its contributory active health care plan to be eligible to participate in its retiree health care plan. An employee can join the active plan at any time before retiremen…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:61dd47478342e9bccb051dc0fa6cf948c733185f0b01332f8a247e97532384d9","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-17","para":"55-17","html":"
An employer's annual accrual for the service cost component of net periodic postretirement benefit cost should generally relate to only those employees who are in their credited service periods. However, if the credited service period begins later than the date of hire and is considered nominal relative to the employees' average total expected years of service to full eligibility, employees expected to receive benefits under the retiree plan should be considered plan participants at the date of hire, and the expected obligation for their benefits should be accrued from that date.
","snippet":"An employer's annual accrual for the service cost component of net periodic postretirement benefit cost should generally relate to only those employees who are in their credited service periods. However, if the credited …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:efb2e8f053a1cc8c94ef618c82884659e9b6d5ab5ad90498d7ac2fafc4d78083","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-18","para":"55-18","html":"
In determining the attribution period, judgment is required to determine whether a credited service period is nominal. Generally, a nominal credited service period is a period that is very short compared to employees' average total expected years of service before full eligibility.
","snippet":"In determining the attribution period, judgment is required to determine whether a credited service period is nominal. Generally, a nominal credited service period is a period that is very short compared to employees' av…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:6f0bd074e8416bd7505e5ec2ab75ae88b4785a23d78388c985b42f23148d141c","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-19","para":"55-19","html":"
An employer's previous accounting for postretirement benefits has considered the written plan to be the substantive plan. On July 1, 20X1, its board of directors approves a negative plan amendment (that is, an amendment that reduces benefits attributable to prior service) that will be effective on January 1, 20X3. The employer intends to announce the negative plan amendment to plan participants on July 1, 20X2. The effects of the negative plan amendment should be accounted for as of July 1, 20X2, when it is communicated to plan participants and not as of July 1, 20X1, the date of the board's approval. The amendment in this instance will not be communicated within a reasonable period of time after its adoption. Therefore, the extant unamended written plan continues to be the substantive plan that should be accounted for because it represents the last plan whose terms were mutually understood by the employer and the plan participants.
","snippet":"An employer's previous accounting for postretirement benefits has considered the written plan to be the substantive plan. On July 1, 20X1, its board of directors approves a negative plan amendment (that is, an amendment …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:4a750906b89ec28635d2fcb644a6434d1b06a216e0eb9edb293b8061793d074a","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-20","para":"55-20","html":"
It is important to distinguish between a reduction in the accumulated postretirement benefit obligation caused by a negative plan amendment and a reduction caused by a curtailment. Unless the plan is being terminated, a reduction in the accumulated postretirement benefit obligation caused by a negative plan amendment that exceeds any transition obligation or prior service cost included in accumulated other comprehensive income is not immediately recognized as a reduction of current postretirement benefit costs.
","snippet":"It is important to distinguish between a reduction in the accumulated postretirement benefit obligation caused by a negative plan amendment and a reduction caused by a curtailment. Unless the plan is being terminated, a …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f85b9e456f31305f7e7f2e6a299bbff937ae7c5acbcfde2d6ea5deaef114954a","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-21","para":"55-21","html":"
An employer adopts an amendment to its postretirement health care plan that has the dual effect of expanding the plan's coverage and increasing the deductible. The increase in the deductible should not be measured and recognized separately from the benefit improvement. If a plan amendment results in numerous changes to a plan that both increase and decrease benefits attributed to prior service, the net effect of all those changes should be considered at the same time to determine whether there has been a net positive or negative plan amendment. If the combined effect of all the changes is a net increase in benefits (a positive plan amendment), the resulting prior service cost should be accounted for in accordance with paragraphs
715-60-35-16 through 35-17
or paragraph 715-60-35-18. If the combined effect is a net decrease in benefits (a negative plan amendment), the effect should be accounted for in accordance with paragraph 715-60-35-20.
","snippet":"An employer adopts an amendment to its postretirement health care plan that has the dual effect of expanding the plan's coverage and increasing the deductible. The increase in the deductible should not be measured and re…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:5e2dc99465333725e1efbdeca7323ab1b4218251200ba774a66b0e0a012782b1","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-22","para":"55-22","html":"
An employer sponsors a contributory postretirement health care plan that has an annual limitation on the dollar amount of the employer's share of the cost of benefits (a defined dollar capped plan). The cap on the employer's share of annual costs and the retirees' contribution rates are increased 5 percent annually. Any amount by which incurred claims costs exceed the combined employer and retiree contributions is initially borne by the employer but is passed back to retirees in the subsequent year through supplemental retiree contributions for that year. In 20X1, incurred claims costs exceed the combined employer and retiree contributions requiring a supplemental retiree contribution in 20X2. The employer decides in 20X2 to absorb the excess that arose in 20X1 rather than pass it on to the retirees. The employer should recognize as a component of net periodic postretirement benefit cost the loss due to that temporary deviation from the substantive plan. The employer should recognize the loss as a component of net periodic postretirement benefit cost in 20X2 when it makes the decision to deviate from the substantive plan.
","snippet":"An employer sponsors a contributory postretirement health care plan that has an annual limitation on the dollar amount of the employer's share of the cost of benefits (a defined dollar capped plan). The cap on the employ…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:aa250715a5437b1ff0d62f7165b275ece451266b759dd17146e366ad9a0b966f","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-23","para":"55-23","html":"
An employer previously projected that health care costs under a defined dollar capped plan would exceed the cap in 20X1 but actual claims in that year do not exceed the cap. The resulting gain should not be recognized immediately as a component of net periodic postretirement benefit cost in 20X1 in accordance with paragraphs
715-60-35-34 through 35-35
.
","snippet":"An employer previously projected that health care costs under a defined dollar capped plan would exceed the cap in 20X1 but actual claims in that year do not exceed the cap. The resulting gain should not be recognized im…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:bd51a15e02de8a395d17f0ce0b8ce538412471478e791839c765e97fd0f10b98","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-24","para":"55-24","html":"
The change in the accumulated postretirement benefit obligation due to experience different from that assumed results in a gain or loss that should be recognized in accumulated other comprehensive income in accordance with paragraphs
715-60-35-23 through 35-25
. Paragraphs
715-60-35-34 through 35-35
addresses the recognition of a temporary deviation from provisions of the substantive plan that increases or decreases the employer's share of the benefit costs incurred in the current or past periods. A situation that would result in a gain or loss that should be recognized immediately as a component of net periodic postretirement benefit cost is one in which an employer has a past practice of changing the cap to reduce its share of expenses such that that practice constitutes the cost-sharing provision of the substantive plan. If, as a result of perceived economic adversity affecting the retiree population, the employer decides in 20X1 and for that year alone not to change the cap to further reduce its share of expenses in 20X1 as had been anticipated in the substantive plan, that action would give rise to a loss that would be required to be recognized immediately as a component of net periodic postretirement benefit cost in 20X1.
","snippet":"The change in the accumulated postretirement benefit obligation due to experience different from that assumed results in a gain or loss that should be recognized in accumulated other comprehensive income in accordance wi…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c43d825fab62e72604a1c2cce0b9d566854405c28534b7809d37c23b01d994be","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-25","para":"55-25","html":"
A gain that would be recognized immediately as a component of net periodic postretirement benefit cost in accordance with paragraphs
715-60-35-34 through 35-35
 would occur if participants voluntarily agreed to bear a one-time higher share of costs for a past or current period. For example, if retirees agreed to make a contribution to the plan in one year that is larger than the contribution amount called for by the plan and future contributions would comply with the existing terms of the plan, the employer would recognize immediately as a component of net periodic postretirement benefit cost a one-time gain for the excess of the new retiree contribution amount over the old retiree contribution amount.
","snippet":"A gain that would be recognized immediately as a component of net periodic postretirement benefit cost in accordance with paragraphs 715-60-35-34 through 35-35 would occur if participants voluntarily agreed to bear a one…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:badba776aab5c7e35b405aa1796b876b73aa2a277395435b2dbaa82348b20e37","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-26","para":"55-26","html":"
If a trust arrangement explicitly provides that segregated assets are available to satisfy claims of creditors in bankruptcy, such a provision would effectively permit those assets to be used for other purposes at the discretion of the employer. It is not necessary to determine that a trust is bankruptcy-proof for the assets of the trust to qualify as plan assets under this Subtopic. Assets held in a trust that explicitly provides that such assets are available to the general creditors of the employer in the event of the employer's bankruptcy would not qualify as plan assets under this Subtopic.
","snippet":"If a trust arrangement explicitly provides that segregated assets are available to satisfy claims of creditors in bankruptcy, such a provision would effectively permit those assets to be used for other purposes at the di…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c6df24c2e7129c8ab24f08564b8ec3ea98df4ac78a4efcbd719f3fb830c355e7","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-27","para":"55-27","html":"
An employer may not include in plan assets the assets of a rabbi trust. The assets of a rabbi trust do not qualify as plan assets because they are explicitly available to the employer's creditors in the event of bankruptcy.
","snippet":"An employer may not include in plan assets the assets of a rabbi trust. The assets of a rabbi trust do not qualify as plan assets because they are explicitly available to the employer's creditors in the event of bankrupt…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:5cdbf2f937420af149a64f5fdbe31418eb3a662777d004ba80063af3f5a1109d","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-28","para":"55-28","html":"
An employer that issues its own debt or equity securities directly to its postretirement benefit trust may include those securities as plan assets under this Subtopic provided the securities are currently transferable. To be transferable the securities held by the postretirement benefit trust must be legally and unconditionally transferable to unrelated third parties at any time, for any reason, and without economic penalties. Thus, the trustee of the postretirement benefit trust must have the unilateral right and ability to legally and unconditionally sell, transfer, or otherwise dispose of the securities. Securities that are not transferable in their present state do not meet the transferability requirement even though they can be converted into securities that are transferable or can otherwise be made transferable through other means, such as through future registration of the securities for trading in a public market. For example, if an employer issues to its postretirement benefit trust nontransferable convertible preferred stock that can be converted into transferable common stock of the employer, the convertible preferred stock would not meet the criterion of currently transferable and, thus, would not be included in plan assets.
","snippet":"An employer that issues its own debt or equity securities directly to its postretirement benefit trust may include those securities as plan assets under this Subtopic provided the securities are currently transferable. T…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:6a390d75f739d7151f5edd747d12857732fd059dc03911624c96bab1c5f93fc1","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-29","para":"55-29","html":"
An employer has two legally separate postretirement benefit plans. Both plans are unfunded defined benefit plans covering the same employees. One plan provides postretirement medical care and the other provides postretirement dental care. An employer that has two or more such plans is permitted, but not required, to account for those plans as a single plan. The last sentence of paragraph 715-60-35-130 reinforces the criterion that the plans must be unfunded.
","snippet":"An employer has two legally separate postretirement benefit plans. Both plans are unfunded defined benefit plans covering the same employees. One plan provides postretirement medical care and the other provides postretir…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:5b4a1adbede93349d1016f3647727b87a822fd14c0487c9d104b9b57b66ff5ad","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-30","para":"55-30","html":"
It would be appropriate for the employer in the preceding paragraph to change from one-plan accounting to two-plan accounting; that is, to accounting for each plan separately if the conditions of paragraph 715-60-35-130 are no longer satisfied. If the change is elective (that is, it is made even though the conditions of that paragraph are still satisfied), the employer would have to demonstrate the preferability of the change in accounting to satisfy the requirements of Subtopic 250-10, and its effects would be accounted for in accordance with that Subtopic.
","snippet":"It would be appropriate for the employer in the preceding paragraph to change from one-plan accounting to two-plan accounting; that is, to accounting for each plan separately if the conditions of paragraph 715-60-35-130 …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:7df12a29686faee6b9e5a2db2079aa1c901a704d4336d92ef83478189a44f8cf","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-31","para":"55-31","html":"
Paragraph not used.
","snippet":"Paragraph not used.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:784e8c430a588877f6e52375cdcd0287f6ca68650c412431e75bc25d156b4307","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-32","para":"55-32","html":"
Any assets of the defined contribution plan described in paragraph 715-70-55-3 that have not yet been allocated to participants' individual accounts do not reduce the accumulated postretirement benefit obligation of the defined benefit plan. The terms of the defined benefit plan require the payment of benefits that exceed those payable using participants' individual account balances in the defined contribution plan. Pursuant to those terms, assets of a defined contribution plan that have not yet been allocated to participants' individual accounts do not reduce the employer's present obligation under the defined benefit plan.
","snippet":"Any assets of the defined contribution plan described in paragraph 715-70-55-3 that have not yet been allocated to participants' individual accounts do not reduce the accumulated postretirement benefit obligation of the …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a5b2b6b0fd009e04a5fc2356bff9534fc0bb492e5b5f399a47b4b460c683fb8d","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-33","para":"55-33","html":"
Although an employer's intent may be to allocate the unallocated assets in the future so that participants can use those assets to pay health care costs, that intent is insufficient to offset the present defined benefit plan obligation. When the unallocated assets in the defined contribution plan are allocated, the benefits payable under that plan are increased and the obligation of the defined benefit plan is reduced. That reduction is recognized immediately in determining the net periodic postretirement benefit cost for the defined benefit plan.
","snippet":"Although an employer's intent may be to allocate the unallocated assets in the future so that participants can use those assets to pay health care costs, that intent is insufficient to offset the present defined benefit …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:fe290f69620b1877a3cd2e708d252cc0c03fda7da0518d2383b804c1ed543684","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-34","para":"55-34","html":"
Because the two plans are legally separate and, thus, the assets of one plan are not available to pay the benefits of the other, neither the allocated nor the unallocated assets of the defined contribution plan would be considered plan assets of the defined benefit plan.
","snippet":"Because the two plans are legally separate and, thus, the assets of one plan are not available to pay the benefits of the other, neither the allocated nor the unallocated assets of the defined contribution plan would be …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:74e4b5382ed8e02e803958ea22aa69b208e8102e65cbdf956add22f6712d612e","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-35","para":"55-35","html":"
The following illustrates the notion of the expected postretirement benefit obligation and the relationship between that obligation and the accumulated postretirement benefit obligation at various dates.
","snippet":"The following illustrates the notion of the expected postretirement benefit obligation and the relationship between that obligation and the accumulated postretirement benefit obligation at various dates.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:33404723887d867b8d4fc0f21cee6292efc2e7fb483ebf0f3cfee82d439c9ff4","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-36","para":"55-36","html":"
Entity A's plan provides postretirement health care benefits to all employees who render at least 10 years of service and attain age 55 while in service. A 50-year-old employee, hired January 1, 20X3, at age 30 and eligible for benefits upon attaining age 55, is expected to terminate employment at age 62 and is expected to live to age 77. A discount rate of 8 percent is assumed.
","snippet":"Entity A's plan provides postretirement health care benefits to all employees who render at least 10 years of service and attain age 55 while in service. A 50-year-old employee, hired January 1, 20X3, at age 30 and eligi…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:96cec99e7b1647368b4385f893dc4fe15f7b34f1850b09c3e3e8ec0bd811fce5","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-37","para":"55-37","html":"
At December 31, 20Z2, Entity A estimates the expected amount and timing of benefit payments for that employee as follows.
","snippet":"At December 31, 20Z2, Entity A estimates the expected amount and timing of benefit payments for that employee as follows.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b07952873488acfba85ab0b5115e77935469603eb4bc22c984e12378a35df0d7","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-38","para":"55-38","html":"
The expected and accumulated postretirement benefit obligations at December 31, 20Z2 (age 50) are $6,292 and $5,034 (20/25 of $6,292), respectively. An equal amount of the expected postretirement benefit obligation is attributed to each year of service from the employee's date of hire to the employee's full eligibility date (age 55) (see paragraphs
715-60-35-62 through 35-66
). Therefore, when the employee is age 50, the accumulated postretirement benefit obligation is measured as 20/25 of the expected postretirement benefit obligation, as the employee has rendered 20 years of the 25-year credited service period. See paragraphs
715-60-55-40 through 55-56
for additional guidance on the full eligibility date and paragraphs
715-60-55-57 through 55-59
for additional guidance on attribution.
","snippet":"The expected and accumulated postretirement benefit obligations at December 31, 20Z2 (age 50) are $6,292 and $5,034 (20/25 of $6,292), respectively. An equal amount of the expected postretirement benefit obligation is at…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:7c2ccd6c0fcfb6307881c961d0652114392ee8783b8ab563d2fbba2d624cfb74","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-39","para":"55-39","html":"
Assuming no changes in health care costs or other circumstances, the accumulated postretirement benefit obligation at December 31, 20Z5 (age 53), is $7,289 (23/25 of $7,923). At the end of the employee's 25th year of service and thereafter, the expected postretirement benefit obligation and the accumulated postretirement benefit obligation are equal. In this Example, at December 31, 20Z7, when the employee is 55 and fully eligible for benefits, the accumulated and expected postretirement benefit obligations are $9,244. At the end of the 26th year of service (December 31, 20Z8) when the employee is 56, those obligations are $9,984 ($9,244 plus interest at 8 percent for 1 year).
","snippet":"Assuming no changes in health care costs or other circumstances, the accumulated postretirement benefit obligation at December 31, 20Z5 (age 53), is $7,289 (23/25 of $7,923). At the end of the employee's 25th year of ser…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d7df911cb3a39d4db9b1769b642438fe2d7ec2b2e7c3e2538fdba078a24531cc","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-40","para":"55-40","html":"
Paragraphs
715-60-55-41 through 55-56
are presented to assist in understanding the full eligibility date.
","snippet":"Paragraphs 715-60-55-41 through 55-56 are presented to assist in understanding the full eligibility date.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:7e54779cc22ebd15ef511245addc24718497c59e53f55f227e0beb40cd0657c5","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-41","para":"55-41","html":"
Some plans have benefit formulas that define different benefits for different years of service.
","snippet":"Some plans have benefit formulas that define different benefits for different years of service.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1b33a836c13e56dcd052a77048b78035740bbc0ea7d779fbbe6a0dba5b7eddcb","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-42","para":"55-42","html":"
To illustrate, assume a plan in which the percentage of postretirement health care coverage to be provided by an employer is defined by groups of years of service. The plan provides 20 percent postretirement health care coverage for 10 years of service after age 35, 50 percent for 20 years of service after age 35, 70 percent for 25 years of service after age 35, and 100 percent for 30 years of service after age 35. The full eligibility date for an employee who was hired at age 35 and is expected to retire at age 62 is at age 60. At that date the employee has rendered 25 years of service after age 35 and is eligible to receive a benefit of 70 percent health care coverage after retirement. The employee receives no additional benefits for the last two years of service.
","snippet":"To illustrate, assume a plan in which the percentage of postretirement health care coverage to be provided by an employer is defined by groups of years of service. The plan provides 20 percent postretirement health care …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:519b49e16b5c5e2ab5352a40df419911eb09896cbd1c79adcaaf530ec7e1869a","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-43","para":"55-43","html":"
Some plans may base the amount of benefits or level of benefit coverage on employees' compensation, for example, as a percentage of their final pay. To the extent the plan's postretirement benefit formula defines benefits wholly or partially as a function of future compensation (that is, the plan provides incremental benefits for additional years of service when it is assumed that final pay will increase), determination of the full eligibility date or an employee is affected by those additional years of service the employee is expected to render.
","snippet":"Some plans may base the amount of benefits or level of benefit coverage on employees' compensation, for example, as a percentage of their final pay. To the extent the plan's postretirement benefit formula defines benefit…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ebc06dc729991a825d82429a903211f0f3534d68ced445522b8c6e11e0a47541","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-44","para":"55-44","html":"
In addition, measurements of the postretirement benefit obligation and service cost reflect the best estimate of employees' future compensation levels (see paragraphs
715-60-35-88 through 35-89
).
","snippet":"In addition, measurements of the postretirement benefit obligation and service cost reflect the best estimate of employees' future compensation levels (see paragraphs 715-60-35-88 through 35-89).","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c275b15e8756423c23a95b0c6d97a0fe1f1e860eebc08ecebe36d4d4b7bc6971","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-45","para":"55-45","html":"
For example, assume a plan provides life insurance benefits to employees who render 20 years of service and attain age 55 while in service; the benefit is equal to 20 percent of final pay. A 55-year-old employee, who currently earns a salary of $90,000, has worked 22 years for the entity. The employee is expected to retire at age 60 and is expected to be earning $120,000 at that time. The employee is eligible for life insurance coverage under the plan at age 55, when the employee has met the age and service requirements. However, because the employee's salary continues to increase each year, the employee is not fully eligible for benefits until age 60 when the employee retires because the employee earns an incremental benefit for each additional year of service beyond age 55. That is, the employee earns an additional benefit equal to 20 percent of the increase in salary each year from age 55 to retirement at age 60 for service during each of those years.
","snippet":"For example, assume a plan provides life insurance benefits to employees who render 20 years of service and attain age 55 while in service; the benefit is equal to 20 percent of final pay. A 55-year-old employee, who cur…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:475d8677653b5fd6c7a4714a0c370c6e8a504285c1b91eb0f73aae596789c641","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-46","para":"55-46","html":"
Some postretirement benefit plans provide spousal or dependent coverage or both if the employee works a specified number of years beyond the date at which the employee attains eligibility for single coverage.
","snippet":"Some postretirement benefit plans provide spousal or dependent coverage or both if the employee works a specified number of years beyond the date at which the employee attains eligibility for single coverage.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8bf041d00a88f2c11a68d385f6c70a2b72f01dd366c5b2bfa6e01b30117e6c01","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-47","para":"55-47","html":"
For example, a postretirement health care plan provides single coverage to employees who work 10 years and attain age 50 while in service; the plan provides coverage for dependents if the employee works 20 years and attains age 60 while in service. Because the additional 10 years of service may provide an incremental benefit to employees, for employees expected to satisfy the age and service requirements and to have covered dependents during the period following the employee's retirement, their full eligibility date is the date at which they have both rendered 20 years of service and attained age 60 while in service. For employees not expected to have covered dependents after their retirement or who are not expected to render at least 20 years of service or attain age 60 while in service, or both, their full eligibility date is the date at which they have both rendered 10 years of service and attained age 50 while in service.
","snippet":"For example, a postretirement health care plan provides single coverage to employees who work 10 years and attain age 50 while in service; the plan provides coverage for dependents if the employee works 20 years and atta…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d7ee0b80f4e91b2afe74e45674bf940bf05f56f251e1b3cf77355dd57863f634","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-48","para":"55-48","html":"
Some postretirement benefit plans may have different eligibility requirements for different types of benefits.
","snippet":"Some postretirement benefit plans may have different eligibility requirements for different types of benefits.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:61de7afc59971838f96fe6ed9c1cfaad039f743076929f2c64286979ff49ec8c","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-49","para":"55-49","html":"
For example, assume a plan provides a postretirement death benefit of $100,000 to employees who render 20 or more years of service. Fifty percent health care coverage is provided to eligible employees who render 10 years of service, 70 percent coverage to those who render 20 years of service, and 100 percent coverage to those who render 30 years of service. Employees are eligible for the health care and death benefits if they attain age 55 while in service.
","snippet":"For example, assume a plan provides a postretirement death benefit of $100,000 to employees who render 20 or more years of service. Fifty percent health care coverage is provided to eligible employees who render 10 years…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:adb7e22b8d95f53a3e642ac6681b7444f288004e23a1baa172086c6d53bf7677","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-50","para":"55-50","html":"
The full eligibility date for an individual hired at age 30 and expected to terminate employment at age 62 is the date on which that employee has rendered 30 years of service and attained age 55 while in service (age 60 in this example). At that date the employee is eligible for all of the benefits expected to be paid to or on behalf of that employee under the postretirement benefit plan ($100,000 death benefits and 100 percent health care coverage). The full eligibility date for an employee hired at age 37 and expected to retire at age 62 is the date on which that employee has rendered 20 years of service and attained age 55 while in service (age 57 in this example). At that date the employee is eligible for all of the benefits expected to be paid to or on behalf of that employee under the postretirement benefit plan ($100,000 death benefits and 70 percent health care coverage).
","snippet":"The full eligibility date for an individual hired at age 30 and expected to terminate employment at age 62 is the date on which that employee has rendered 30 years of service and attained age 55 while in service (age 60 …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:764eed9c12fcc583b9d8292f3006bc4a0cbc5108d94dc4f4769ceb20e04ba50b","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-51","para":"55-51","html":"
Some postretirement benefit plans provide coverage for the spouse to whom an employee is married when the employee terminates service; that is, the marital status of an employee upon termination of employment determines whether single or spousal coverage is to be provided.
","snippet":"Some postretirement benefit plans provide coverage for the spouse to whom an employee is married when the employee terminates service; that is, the marital status of an employee upon termination of employment determines …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:06a9cbcef1ab28c7001387c5f11d86b66deaf878cf361a3c5526adcd33df6f93","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-52","para":"55-52","html":"
In measuring the expected postretirement benefit obligation, consideration is given to factors such as when benefit coverage will commence, who will receive benefits (employee and any covered dependents), and the expected need for and utilization of benefit coverage.
","snippet":"In measuring the expected postretirement benefit obligation, consideration is given to factors such as when benefit coverage will commence, who will receive benefits (employee and any covered dependents), and the expecte…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:609f193d6fbd5ab8e52da9017a98e75c873e88fcf90becb853f1bfb27366a905","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-53","para":"55-53","html":"
For example, assume a plan provides postretirement health care coverage to employees who render at least 10 years of service and attain age 55 while in service; health care coverage also is provided to employees' spouses at the date of the employees' retirement. A 55-year-old employee is single, has worked for the entity for 30 years, and is expected to marry at age 59 and to retire at age 62. Although the employee is entitled to spousal coverage only if married at retirement, at age 55 the employee has earned the right to spousal coverage. The probability that the employee will be married when the employee retires is included in the actuarial assumptions developed to measure the expected postretirement benefit obligation for that plan participant. The full eligibility date (age 55 in this example) is not affected by that measurement assumption.
","snippet":"For example, assume a plan provides postretirement health care coverage to employees who render at least 10 years of service and attain age 55 while in service; health care coverage also is provided to employees' spouses…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:88055428fbf9571150ad9aba32bc21961126f3b3466354b423fb89b1382def3c","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-54","para":"55-54","html":"
Some plans provide postretirement benefits to disabled employees.
","snippet":"Some plans provide postretirement benefits to disabled employees.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:06a24b0172f04805d1e5642751c0b91bff5c87b2656b5f6993f6d385aa500c59","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-55","para":"55-55","html":"
For example, Entity B provides disability income and health care benefits to employees who become disabled while in service and have rendered 10 or more years of service. Retiree health care benefits are provided to employees who render 20 or more years of service and attain age 55 while in service. Employees receiving disability benefits continue to accrue credit toward their eligibility for retiree health care benefits. Under this plan, an employee hired at age 25, who becomes permanently disabled at age 40, is entitled to receive retiree health care benefits commencing at age 55 (in addition to any disability income benefits commencing at age 40) because that employee worked for Entity B for more than 10 years before becoming disabled. Under the terms of the plan the employee is given credit for working to age 55 even though no actual service is rendered by the employee after the disabling event occurs.
","snippet":"For example, Entity B provides disability income and health care benefits to employees who become disabled while in service and have rendered 10 or more years of service. Retiree health care benefits are provided to empl…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8fa59a892355c10e2fccedfcdcfa4e1e8df547b5a4d9e25513e2651e8f621875","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-56","para":"55-56","html":"
Because the employee is permanently disabled, the full eligibility date is accelerated to recognize the shorter period of service required to be rendered in exchange for the retiree health care benefits—in this case the full eligibility date is age 40, the date of the disabling event. For a similar employee who is temporarily disabled at age 40 but returns to work and attains age 55 while in service, the full eligibility date is age 55. Entity B's expected postretirement benefit health care obligation for the permanently disabled employee is based on the employee's expected health care costs commencing at age 55 and is attributed ratably to that employee's active service to age 40.
","snippet":"Because the employee is permanently disabled, the full eligibility date is accelerated to recognize the shorter period of service required to be rendered in exchange for the retiree health care benefits—in this case the …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:cdfc7700f31562b56bafe6112b90ab0738986855bf4530de2275588e04858799","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-56A","para":"55-56A","html":"
The following illustrates the guidance in paragraphs
715-60-35-61 through 35-70
related to attribution.
","snippet":"The following illustrates the guidance in paragraphs 715-60-35-61 through 35-70 related to attribution.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2e5eeef4c137a9af17e9cdad710420d6407e7de7cf567eb9169638618b64812a","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-57","para":"55-57","html":"
A plan that provides benefit coverage to employees who render 30 or more years of service or who render at least 10 years of service and attain age 55 while in service, without specifying when the credited service period begins, the expected postretirement benefit obligation is attributed to service from the date of hire to the earlier of the date at which a plan participant has rendered 30 years of service or has rendered 10 years of service and attained age 55 while in service. However, for a plan that provides benefit coverage to employees who render at least 20 years of service after age 35, the expected postretirement benefit obligation is attributed to a plan participant's first 20 years of service after attaining age 35 or after the date of hire, if later than age 35.
","snippet":"A plan that provides benefit coverage to employees who render 30 or more years of service or who render at least 10 years of service and attain age 55 while in service, without specifying when the credited service period…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:63c089123bdcb905c71e5c439a551bb1bd067c198b4bcb21bdf504b1a5dc2f40","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-58","para":"55-58","html":"
A plan with a benefit formula that defines 100 percent benefit coverage for service for the year in which employees attain age 60 has a 1-year credited service period. If plan participants are expected to have rendered an average of 20 years of service at age 60, the credited service period is nominal in relation to their total years of service before their full eligibility dates. In that case, the service cost is recognized from date of hire to age 60.
","snippet":"A plan with a benefit formula that defines 100 percent benefit coverage for service for the year in which employees attain age 60 has a 1-year credited service period. If plan participants are expected to have rendered a…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c104935e62d58f5bb3b8cb1a27cce57eefaa437979199998b3255f963b3c6746","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-59","para":"55-59","html":"
An example of a frontloaded plan is a life insurance plan that provides postretirement death benefits of $250,000 for 10 years of service after age 45 and $5,000 of additional death benefits for each year of service thereafter up to age 65 (maximum benefit of $300,000). For plans that frontload the benefit, the expected postretirement benefit obligation is attributed to employee service in accordance with the plan's benefit formula (see paragraph 715-60-35-62). In this example, the actuarial present value of a $25,000 death benefit is attributed to each of the first 10 years of service after age 45, and the actuarial present value of an additional $5,000 death benefit is attributed to each year of service thereafter up to age 65.
","snippet":"An example of a frontloaded plan is a life insurance plan that provides postretirement death benefits of $250,000 for 10 years of service after age 45 and $5,000 of additional death benefits for each year of service ther…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e93fa18908dd316c9839ace6ea455485c86337b2273591634aa5be0d0d9674aa","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a303541013d223fbb1a6fa749cdf88e415f39854625b9f707becf17db1734212","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"block":null,"heading":"Illustrations","paragraphs":[{"citation":"715-60-55-60","para":"55-60","html":"
Throughout these Examples the accumulated postretirement benefit obligation and service cost are assumed as inputs rather than calculated based on some underlying population. For simplicity, benefit payments are assumed to be made at the end of the year, service cost is assumed to include interest on the portion of the expected postretirement benefit obligation attributed to the current year, and interest cost is based on the accumulated postretirement benefit obligation as of the beginning of the year. For unfunded plans, benefits are assumed to be paid directly by the employer and are reflected as a reduction in the liability for postretirement benefits. In many of the cases, application of the underlying concepts has been simplified by focusing on a single employee for purposes of illustration. In practice, the determination of the full eligibility date and the measurement of postretirement benefit cost and obligation are based on employee groups and consider various possible retirement dates and the probabilities associated with retirement at each of those dates.
","snippet":"Throughout these Examples the accumulated postretirement benefit obligation and service cost are assumed as inputs rather than calculated based on some underlying population. For simplicity, benefit payments are assumed …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:dffd5dd613a87dcf8327903c1f4cc99c613256f9b6416ed21f8d2c97bc1d1ecc","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-61","para":"55-61","html":"
The following Cases illustrate how events that change the accumulated postretirement benefit obligation are reflected in net periodic postretirement benefit cost and other comprehensive income:
  1. a
    Employer accrual of net periodic postretirement benefit cost (Case A)
  2. b
    Plan amendment that increases benefits (Case B)
  3. c
    Negative plan amendments (Case C)
  4. d
    Change in assumptions (Case D).
","snippet":"The following Cases illustrate how events that change the accumulated postretirement benefit obligation are reflected in net periodic postretirement benefit cost and other comprehensive income:\n(a) Employer accrual of ne…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:04fa181c3cd5760985c6a3033efb2b1a7d145c2d50fbacfe01625325a7c683f3","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-62","para":"55-62","html":"
The tables in each Case illustrate the effect of changes in assumptions or changes in the plan on measurement of the accumulated postretirement benefit obligation. In each Case, it is assumed that the plan is unfunded.
","snippet":"The tables in each Case illustrate the effect of changes in assumptions or changes in the plan on measurement of the accumulated postretirement benefit obligation. In each Case, it is assumed that the plan is unfunded.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9288c6ddf2af3c77b1ad17d982d9dd233ba9ab1047a641f125fef5483a2b34c4","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-63","para":"55-63","html":"
In this Case, benefit payments of $42,000 are made at the end of 20X3. Net periodic postretirement benefit cost and other comprehensive income for 20X3, and changes in the postretirement benefit liability, and accumulated other comprehensive income for 20X3 are summarized as follows.
","snippet":"In this Case, benefit payments of $42,000 are made at the end of 20X3. Net periodic postretirement benefit cost and other comprehensive income for 20X3, and changes in the postretirement benefit liability, and accumulate…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:66aa6df3affe1414774e57c18ce047467655d7b04c80b8933f6aa7175e6df9df","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-64","para":"55-64","html":"
In this Case, the plan is amended on January 2, 20X4, resulting in a $90,000 increase in the accumulated postretirement benefit obligation.
","snippet":"In this Case, the plan is amended on January 2, 20X4, resulting in a $90,000 increase in the accumulated postretirement benefit obligation.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1bd5479c271543d951a9a660da506cc0e12957edc9ddf2216f091d73e35fcb24","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-65","para":"55-65","html":"
Benefit payments of $39,000 are made at the end of 20X4. Net periodic postretirement benefit cost and other comprehensive income for 20X4, and changes in the postretirement benefit liability and accumulated other comprehensive income for 20X4 are summarized as follows.
","snippet":"Benefit payments of $39,000 are made at the end of 20X4. Net periodic postretirement benefit cost and other comprehensive income for 20X4, and changes in the postretirement benefit liability and accumulated other compreh…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1c72a0831cea11c1b96089770cd6e285de6ca7640ddded220880a86ac056feb2","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-66","para":"55-66","html":"
In this Case, the plan is amended on January 4, 20X5, resulting in a $99,000 reduction in the accumulated postretirement benefit obligation.
","snippet":"In this Case, the plan is amended on January 4, 20X5, resulting in a $99,000 reduction in the accumulated postretirement benefit obligation.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:7fef609f23c28a2d64dd804c1bf7ae60db9ccec6f3c6c3933a72ee1d1bb70f8e","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-67","para":"55-67","html":"
Benefit payments in 20X5 are $40,000. Net periodic postretirement benefit cost and other comprehensive income for 20X5, and the changes in the postretirement benefit liability and accumulated other comprehensive income for 20X5 are summarized as follows.
","snippet":"Benefit payments in 20X5 are $40,000. Net periodic postretirement benefit cost and other comprehensive income for 20X5, and the changes in the postretirement benefit liability and accumulated other comprehensive income f…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:bd472ad6977316696b04e8e197a055f485b71dd8ce9de6f529e4fb794dd35061","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-68","para":"55-68","html":"
In this Case, the assumed health care cost trend rates are changed at December 31, 20X5, resulting in a $55,000 increase in the accumulated postretirement benefit obligation.
","snippet":"In this Case, the assumed health care cost trend rates are changed at December 31, 20X5, resulting in a $55,000 increase in the accumulated postretirement benefit obligation.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:428f5d043ebf0da1a9d1a260a0303e302ded7e147e4effe783cfa69818751b50","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-69","para":"55-69","html":"
The net loss that results from a change in the health care cost trend rates assumption is reflected immediately in the postretirement benefit liability.
","snippet":"The net loss that results from a change in the health care cost trend rates assumption is reflected immediately in the postretirement benefit liability.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b1b4f8ac4626eeb181211a27dc8bd01c1afa129a8a2cb449a738d3656cb26554","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-70","para":"55-70","html":"
See Example 4 (paragraphs
715-60-55-96 through 55-102
).
","snippet":"See Example 4 (paragraphs 715-60-55-96 through 55-102).","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:7d8b33af00994cb2fafe4dd4a83b9977a13790b08ddf4de8c6f2829eeaa94b10","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-71","para":"55-71","html":"
Entity H has a postretirement benefit plan that provides benefits to employees who render at least 20 years of service after age 35. On January 2, 20X4, Entity H amends its postretirement benefit plan to increase the lifetime cap on benefits provided, resulting in prior service cost of $750,000 that is initially recognized in other comprehensive income (the increase in the accumulated postretirement benefit obligation as a result of the plan amendment). Cases A and B illustrate the amortization of prior service cost included in accumulated other comprehensive income.
","snippet":"Entity H has a postretirement benefit plan that provides benefits to employees who render at least 20 years of service after age 35. On January 2, 20X4, Entity H amends its postretirement benefit plan to increase the lif…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:345325a1c17cd969bde1034b37b33b473a945b676ddab1850045f4ec0ca0c642","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-72","para":"55-72","html":"
At the date of the amendment (January 2, 20X4), Entity H has 165 employees of whom 15 are fully eligible for benefits, 10 are under age 35, and 40 are expected to terminate before becoming eligible for any benefits. Because the 10 employees under age 35 have not met the age requirements to participate in the plan (only service after age 35 is credited) and 40 employees are not expected to receive benefits under the plan, those 50 employees are not considered to be plan participants and, therefore, are excluded from the calculation. The 15 fully eligible plan participants also are excluded from the calculation because they do not have to render any additional service to earn the added benefits. The remaining 100 employees have not yet earned the full amount of the benefits they are expected to earn under the plan. Those employees are expected to become fully eligible for those benefits over the next 20 years. Their remaining years of service to full eligibility for benefits is the basis for amortization of the prior service cost.
","snippet":"At the date of the amendment (January 2, 20X4), Entity H has 165 employees of whom 15 are fully eligible for benefits, 10 are under age 35, and 40 are expected to terminate before becoming eligible for any benefits. Beca…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2ab6fe256da46de1a0c8676613d842279a2251fa3866bc52cdc92da4c99184c5","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-73","para":"55-73","html":"
Employees hired after the date of the plan amendment or who attain age 35 after the date of the plan amendment do not affect the amortization nor do revised estimates of remaining years of service, except those due to a curtailment.
","snippet":"Employees hired after the date of the plan amendment or who attain age 35 after the date of the plan amendment do not affect the amortization nor do revised estimates of remaining years of service, except those due to a …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:db1cd4fa0ead4cfac456f3ed46cc220e24d59804bc1b8c752e37c7c32624e3d3","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-74","para":"55-74","html":"
Schedule 1—Determination of Expected Remaining Years of Service Prior to Full Eligibility as of January 2, 20X4
","snippet":"Schedule 1—Determination of Expected Remaining Years of Service Prior to Full Eligibility as of January 2, 20X4","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c0de66d6972f1061e65c0bbc4a3d8918d25ee51c7742c0b4d36985324ad286b2","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-75","para":"55-75","html":"
For example, in 20X4, individuals A1-A4 meet the entity's age and service requirements for full eligibility for the benefits they are expected to receive under the plan. Although it may be expected that those employees will work beyond 20X4, benefits are not attributed to years of service beyond their full eligibility date. See Case B for less complex amortization approaches.
","snippet":"For example, in 20X4, individuals A1-A4 meet the entity's age and service requirements for full eligibility for the benefits they are expected to receive under the plan. Although it may be expected that those employees w…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:077d36832127e2136c541cb2d7ce85e0a47ada0335f31d5396dbd601617d3196","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-76","para":"55-76","html":"
Schedule 2—Amortization of Prior Service Cost
","snippet":"Schedule 2—Amortization of Prior Service Cost","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:072b812950f6b2a044b524b85b8e09ba42250f5ac55deaa778c5b7b9d3e2ded3","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-77","para":"55-77","html":"
To reduce the complexity and detail of the computations shown in Case A, alternative amortization approaches that more rapidly reduce prior service cost previously recognized in other comprehensive income may be applied if used consistently (see paragraph 715-60-35-18). For example, if Entity H (in Case A) elects to use straight-line amortization of prior service cost over the average remaining years of service before full eligibility for benefits of the active plan participants (932 future service years/100 employees = 9.32 years), the amortization would be as follows.
","snippet":"To reduce the complexity and detail of the computations shown in Case A, alternative amortization approaches that more rapidly reduce prior service cost previously recognized in other comprehensive income may be applied …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:737a1291c4675c3dfd7e00f075a2a7cbe9f2e4c29366b1774d7c7bbd9ee0b7e5","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-78","para":"55-78","html":"
Note: Under this approach, the first year's amortization is the same as the first year's amortization under the weighted remaining years of service method illustrated in Case A (see paragraph 715-60-55-76). Thereafter, the amortization pattern will differ.
","snippet":"Note: Under this approach, the first year's amortization is the same as the first year's amortization under the weighted remaining years of service method illustrated in Case A (see paragraph 715-60-55-76). Thereafter, t…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:cb155c65ced648f7ed9130bfbe810fef43f53331726d4fb0e9a53d2fc09b3b1b","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-79","para":"55-79","html":"
The following Cases demonstrate the effects of gains and losses in accounting for postretirement benefits for Entity I from 20X3 to 20X5:
  1. a
    The accounting for a loss resulting from changes in assumptions in measuring the accumulated postretirement benefit obligation (Case A).
  2. b
    The effect of a gain when the return on plan assets exceeds projections (Case B).
  3. c
    The accounting in a year in which both gains and losses are experienced (Case C).
","snippet":"The following Cases demonstrate the effects of gains and losses in accounting for postretirement benefits for Entity I from 20X3 to 20X5:\n(a) The accounting for a loss resulting from changes in assumptions in measuring t…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:132add90a7183302d6b4b528f6200677f14c2a2e0b5495f61942bb30a06c62da","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-80","para":"55-80","html":"
Entity I's plan is unfunded and the accumulated postretirement benefit obligation is $6,000,000 at the beginning of 20X3. There is also a $2,000,000 transition obligation remaining in accumulated other comprehensive income at that date. Beginning in 20X3, and unless otherwise noted, the entity decides to fund at the end of each year an amount equal to the benefits paid that year plus the service cost and interest cost for that year.
","snippet":"Entity I's plan is unfunded and the accumulated postretirement benefit obligation is $6,000,000 at the beginning of 20X3. There is also a $2,000,000 transition obligation remaining in accumulated other comprehensive inco…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c7164b866a054a1caa15a3e885db2a343dae0fd1ca9cac3ce206d42ea50e99fd","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-81","para":"55-81","html":"
For illustrative purposes, the following assumptions are used to project changes in the accumulated postretirement benefit obligation and plan assets during the period 20X3-20X5.
","snippet":"For illustrative purposes, the following assumptions are used to project changes in the accumulated postretirement benefit obligation and plan assets during the period 20X3-20X5.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:44e1b4f416f2e5f090adccf04578a6a9ca3be61b3526968efee621ee8d5fa460","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-82","para":"55-82","html":"
Pursuant to paragraph 715-60-35-39, Entity I amortizes the transition obligation remaining in accumulated other comprehensive income over a 20-year period rather than the average remaining service period of active plan participants at the date of transition (12 years). Projected changes in net periodic postretirement benefit cost and other comprehensive income for 20X3 and changes in the postretirement benefit liability and accumulated other comprehensive income for 20X3 are summarized as follows.
","snippet":"Pursuant to paragraph 715-60-35-39, Entity I amortizes the transition obligation remaining in accumulated other comprehensive income over a 20-year period rather than the average remaining service period of active plan p…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1a02601a78d6ccb04fc655b312d7969bdd2a9620acc3ff01dd7dde6c071e13cb","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-83","para":"55-83","html":"
When Entity I's plan assets and obligations are measured at December 31, 20X3, the accumulated postretirement benefit obligation is $760,000 greater than projected (a loss occurs) because the discount rate declined to 9 percent and for various other reasons not specifically identified. Entity I elects to amortize amounts in excess of the corridor over the average remaining service period of active plan participants.
","snippet":"When Entity I's plan assets and obligations are measured at December 31, 20X3, the accumulated postretirement benefit obligation is $760,000 greater than projected (a loss occurs) because the discount rate declined to 9 …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3f04a48c5c066c44c0164853f36a0753d0462c2ec42df2c54807f49c4ec9665a","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-84","para":"55-84","html":"
As used herein, amounts in excess of the corridor refers to the portion of the net gain or loss remaining in accumulated other comprehensive income in excess of the greater of those defined amounts.
","snippet":"As used herein, amounts in excess of the corridor refers to the portion of the net gain or loss remaining in accumulated other comprehensive income in excess of the greater of those defined amounts.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:6e505f81118b45d8e896a51bfad52bbf4aba2dc8e560d5e36860869c7fcf43c5","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-85","para":"55-85","html":"
The projected and actual postretirement benefit liability and accumulated other comprehensive income at December 31, 20X3, and the difference between those projected and actual amounts at that date follow.
","snippet":"The projected and actual postretirement benefit liability and accumulated other comprehensive income at December 31, 20X3, and the difference between those projected and actual amounts at that date follow.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0226e2ebde1d2eb674bde6c3568aea3d4b0f5b451c559ee88c1974f356728367","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-86","para":"55-86","html":"
In addition to disclosures regarding changes in plan assets and benefit obligations required by paragraph 715-20-50-1(a) through 1(b), the 20X3 financial statements include the following disclosure of the components of net periodic postretirement benefit cost (as required by paragraph 715-20-50-1(h)). The components of net periodic postretirement benefit cost other than the service cost component are included in the line item “other income/(expense)” in the income statement.
","snippet":"In addition to disclosures regarding changes in plan assets and benefit obligations required by paragraph 715-20-50-1(a) through 1(b), the 20X3 financial statements include the following disclosure of the components of n…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:62bf5c09dac2548e81bafa6a8cf36c70318c02bf0f1f655810a946cdce27ba58","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-87","para":"55-87","html":"
Net periodic postretirement benefit cost and other comprehensive income for 20X4, and changes in the postretirement benefit liability and accumulated other comprehensive income are projected at the beginning of the year. That projection serves as the basis for interim accounting until a subsequent event occurs requiring remeasurement. The projection at the beginning of 20X4 follows.
","snippet":"Net periodic postretirement benefit cost and other comprehensive income for 20X4, and changes in the postretirement benefit liability and accumulated other comprehensive income are projected at the beginning of the year.…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2553b368ea8665518bd94b467905d4c78b6370df8386e5b5e97b48db4e3e6598","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-88","para":"55-88","html":"
When Entity I's plan assets and obligations are measured at December 31, 20X4, the fair value of the plan assets is $150,000 greater than expected (an experience gain) because market performance was better than the 10 percent return that was assumed. The projected and actual postretirement benefit liability and accumulated other comprehensive income at December 31, 20X4, and the difference between those projected and actual amounts at that date follow.
","snippet":"When Entity I's plan assets and obligations are measured at December 31, 20X4, the fair value of the plan assets is $150,000 greater than expected (an experience gain) because market performance was better than the 10 pe…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9411cabff1357de0cda89ff871ee86465572f0b930e65055198fe3dc5b7f6317","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-89","para":"55-89","html":"
The 20X4 financial statements include the following disclosure of the components of net periodic postretirement benefit cost. The components of net periodic postretirement benefit cost other than the service cost component are included in the line item “other income/(expense)” in the income statement.
","snippet":"The 20X4 financial statements include the following disclosure of the components of net periodic postretirement benefit cost.\nThe components of net periodic postretirement benefit cost other than the service cost compone…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e9960d8fba180c4027eb0469483999535b135b30f1db2c75df149ce5eb0021e7","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-90","para":"55-90","html":"
Projected changes in net periodic postretirement benefit cost and other comprehensive income for 20X5 and changes in the postretirement benefit liability and accumulated other comprehensive income for 20X5 are summarized as follows.
","snippet":"Projected changes in net periodic postretirement benefit cost and other comprehensive income for 20X5 and changes in the postretirement benefit liability and accumulated other comprehensive income for 20X5 are summarized…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c70a5555c4b4593c751d955c218732e2cc0ba58d1c55c69346d9aa9b439b36e8","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-91","para":"55-91","html":"
When Entity I's plan assets and obligations are measured at December 31, 20X5, both an asset loss of $220,360 and a liability gain of $237,260 are determined. The projected and actual postretirement benefit liability and accumulated other comprehensive income at December 31, 20X5, and the difference between those projected and actual amounts at that date follow.
","snippet":"When Entity I's plan assets and obligations are measured at December 31, 20X5, both an asset loss of $220,360 and a liability gain of $237,260 are determined. The projected and actual postretirement benefit liability and…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:4b0406bb9ebeb8b57fa7c6c64c5a0925b80466cd80f8d701ef51eb312793a4c8","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-92","para":"55-92","html":"
The 20X5 financial statements include the following disclosure of the components of net periodic postretirement benefit cost. The components of net periodic postretirement benefit cost other than the service cost component are included in the line item “other income/(expense)” in the income statement.
","snippet":"The 20X5 financial statements include the following disclosure of the components of net periodic postretirement benefit cost.\nThe components of net periodic postretirement benefit cost other than the service cost compone…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9107f67d178020c530314f9a2e91a1a2fb981b032cc56530234d3509924853bf","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-93","para":"55-93","html":"
This schedule reflects the calculation of market-related value, the fair value of plan assets, the actual return on plan assets, and the deferred asset gain or loss for the year (the difference between actual and expected return on plan assets included in the net amortization and deferral component of net periodic postretirement benefit cost).
","snippet":"This schedule reflects the calculation of market-related value, the fair value of plan assets, the actual return on plan assets, and the deferred asset gain or loss for the year (the difference between actual and expecte…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:64e41e0416167d21106ed996d0a689c85af6ff070a44629d349d628e1af77bd3","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-94","para":"55-94","html":"
The following Schedule provides a way to calculate the minimum amortization of the net gain or loss included in accumulated other comprehensive income, to be included as a component of net periodic postretirement benefit cost.
","snippet":"The following Schedule provides a way to calculate the minimum amortization of the net gain or loss included in accumulated other comprehensive income, to be included as a component of net periodic postretirement benefit…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:84a421b7f009b98c9dbc8fe448d156be319f2da2cb9d1098e9852ed51e8da6ae","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-95","para":"55-95","html":"
The determination of the actual return or loss on plan assets component of net periodic postretirement benefit cost is as follows:
","snippet":"The determination of the actual return or loss on plan assets component of net periodic postretirement benefit cost is as follows:","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b1f99510d3c127b0852f1baa3483494c34af3be27ffc740535464d442ddd5491","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-96","para":"55-96","html":"
The following Cases (Case A and Case B, paragraphs
715-60-55-97 through 55-102
) demonstrate the operation of defined dollar capped plans and the possible effect of the cap on projecting costs for purposes of measuring the accumulated postretirement benefit obligation and net periodic postretirement benefit cost. The Cases are simplified and illustrate only one aspect of the measurement process (see paragraphs 715-60-15-7 and 715-60-35-75).
","snippet":"The following Cases (Case A and Case B, paragraphs 715-60-55-97 through 55-102) demonstrate the operation of defined dollar capped plans and the possible effect of the cap on projecting costs for purposes of measuring th…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ffd7639dab975873641e422917735584669842fedff2e96d7cc64f55049473a8","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-97","para":"55-97","html":"
Entity J sponsors a postretirement health care plan for its salaried employees. The plan has an annual limitation (a cap) on the dollar amount of the employer's share of the cost of covered benefits incurred by a plan participant. The retiree is responsible, therefore, for the amount by which the cost of the benefit coverage under the plan incurred during a year exceeds that cap. The entity adjusts the cap annually for the effects of inflation. For 20X3, the cap is $1,500; the inflation adjustment in 20X4 and 20X5 is assumed to be 4 percent. The employer's health care cost trend rate assumption is 13 percent for 20X4 and 12 percent for 20X5.
","snippet":"Entity J sponsors a postretirement health care plan for its salaried employees. The plan has an annual limitation (a cap) on the dollar amount of the employer's share of the cost of covered benefits incurred by a plan pa…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9ecc528afc5af2e1f4f5c2fbe4f2270f21f68fe8192bdf5794e4211af5e9f3cc","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-98","para":"55-98","html":"
The employer's projected cost of providing benefit coverage in 20X3-20X5 for a 67-year-old retiree follows. Similar projections are made for each age at which a plan participant is expected to receive benefits under the plan. In this Case, the incurred claims cost exceeds the cap on the employer's share of the cost in each year.
","snippet":"The employer's projected cost of providing benefit coverage in 20X3-20X5 for a 67-year-old retiree follows. Similar projections are made for each age at which a plan participant is expected to receive benefits under the …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f4cb35dddf97cb7977c8f0635d893507d0c52b5e6f2bbe2ae16aa5032c27338a","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-99","para":"55-99","html":"
If, based on the health care cost trend rate assumptions, the employer's share of costs for each plan participant is not expected to be less than the cap in the future, Entity J could measure its expected postretirement benefit obligation by projecting the annual cap. However, if per capita claims data for some plan participants or estimates of the health care cost trend rate indicate that in the future the employer's share of the incurred claims cost will be less than the cap for at least some plan participants, the employer's obligation is to be measured as described in paragraphs
715-60-35-90 through 35-105
.
","snippet":"If, based on the health care cost trend rate assumptions, the employer's share of costs for each plan participant is not expected to be less than the cap in the future, Entity J could measure its expected postretirement …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d7d27ab54ad23c5f04406f82047fe7067c9021c3a3d9e9f5ab3901f4213b5f22","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-100","para":"55-100","html":"
Entity K sponsors a contributory postretirement health care plan for its hourly employees. The plan has an annual limitation (a cap) on the dollar amount of the employer's share of the cost of covered benefits incurred by the retiree group as a whole. The Entity agrees to bear annual costs equal to a specified dollar amount ($1,500 in 20X3) multiplied by the number of retired plan participants (the employer contribution); participating retirees are required to contribute a stated amount each year ($1,000 in 20X3). The cap on the employer's share of annual costs and the retirees' contribution rates are increased 5 percent annually. The shortfall in a year (the amount by which incurred claims cost exceeds the combined employer and retiree contributions) is initially borne by the employer but is passed back to retirees in the subsequent year through supplemental retiree contributions for that year (a retrospective adjustment).
","snippet":"Entity K sponsors a contributory postretirement health care plan for its hourly employees. The plan has an annual limitation (a cap) on the dollar amount of the employer's share of the cost of covered benefits incurred b…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d94d4afb2d92543b196a11a94b1707938da92a69a4f6f2b8aa1d2087cf3988fd","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-101","para":"55-101","html":"
The employer projects the aggregate cost of benefits expected to be paid to current plan participants (40 retirees) in each future period as follows.
","snippet":"The employer projects the aggregate cost of benefits expected to be paid to current plan participants (40 retirees) in each future period as follows.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ca74ae74fab486ae74dc58e63e342e18d8e80e2b377947a74465308dc28d9319","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-102","para":"55-102","html":"
If, as in this Case, retirees absorb the entire shortfall in annual contributions and if there is a projected shortfall for all future years, the employer could measure its expected postretirement benefit obligation by projecting its annual contribution (contribution rate x expected number of retirees = expected obligation for the year).
","snippet":"If, as in this Case, retirees absorb the entire shortfall in annual contributions and if there is a projected shortfall for all future years, the employer could measure its expected postretirement benefit obligation by p…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b530714a2dd20bed698a8e78da0fef6e57b9c4620f1652d4fe1967bbd47cdf50","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:cc78665c3d706d8b0fa5975716c000290ec160b27fe42310808e8e8bec071f1c","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"block":"Medicare Prescription Drug, Improvement, and Modernization Act","heading":"Implementation Guidance","paragraphs":[{"citation":"715-60-55-103","para":"55-103","html":"
The following flowchart illustrates the application of certain aspects of the accounting for the effects of the Medicare Prescription Drug, Improvement, and Modernization Act.
","snippet":"The following flowchart illustrates the application of certain aspects of the accounting for the effects of the Medicare Prescription Drug, Improvement, and Modernization Act.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:6f09cc879b4269931a5db5a9f7bc1ef1e217a7cb6dcce9695f0acf6a46b1e0a6","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:62a0d418800da4f2f0bdda8f4b306268cdf68bbf3b936edb4f9ebceeab3569ef","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"block":"Settlements, Curtailments, and Certain Termination Benefits","heading":"Implementation Guidance","paragraphs":[{"citation":"715-60-55-104","para":"55-104","html":"
A transaction that does not meet the three criteria in the definition of the term settlement does not constitute a settlement for purposes of the Settlements, Curtailments, and Certain Termination Benefits Subsections.
","snippet":"A transaction that does not meet the three criteria in the definition of the term settlement does not constitute a settlement for purposes of the Settlements, Curtailments, and Certain Termination Benefits Subsections.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e499c9c9742b67c31b590d604c01c8425cdeac1b3b3dedc095b036d2422480a8","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-105","para":"55-105","html":"
For example, investing in a portfolio of high-quality fixed-income securities with principal and interest payment dates similar to the estimated payment dates of benefits may avoid or minimize certain risks. However, that investment decision does not constitute a settlement because that decision can be reversed, and investing in that portfolio does not relieve the employer (or the plan) of primary responsibility for a postretirement benefit obligation nor does it eliminate significant risks related to that obligation.
","snippet":"For example, investing in a portfolio of high-quality fixed-income securities with principal and interest payment dates similar to the estimated payment dates of benefits may avoid or minimize certain risks. However, tha…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8f83b513a56802a24fae977786c082b64899a5f6aba9941135b94fbd91650524","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-106","para":"55-106","html":"
This Subtopic requires recognition in net periodic postretirement benefit cost of any related prior service cost or transition obligation included in accumulated other comprehensive income.
","snippet":"This Subtopic requires recognition in net periodic postretirement benefit cost of any related prior service cost or transition obligation included in accumulated other comprehensive income.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d83325597af9435d2f46bfdedc451dd398bbee113187e1ee5103d2656f8eccc1","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-107","para":"55-107","html":"
A curtailment does not only result from events that occur outside a postretirement benefit plan.
","snippet":"A curtailment does not only result from events that occur outside a postretirement benefit plan.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ce206b6ba56c8313340a2252d6e5c9145eeef18693240fa1941eed70e07077b9","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-108","para":"55-108","html":"
Although many curtailments may result from events that occur outside a plan, such as closing a plant, discontinuing a component of an entity, or otherwise terminating employees, a curtailment also can result from a plan amendment (including a negative plan amendment) that has the effect of eliminating the accrual of defined benefits for some or all of the future services of a significant number of active plan participants. (See Example 5, Case B [paragraphs
715-60-55-143 through 55-145
].)
","snippet":"Although many curtailments may result from events that occur outside a plan, such as closing a plant, discontinuing a component of an entity, or otherwise terminating employees, a curtailment also can result from a plan …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2788f10c16c050db6c359f200cf90cbf642f333c37e609014dd15d9fa22feb85","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-109","para":"55-109","html":"
If such an amendment occurs, accounting for a curtailment should be applied to all of the following:
  1. a
    Any decrease in the accumulated postretirement benefit obligation representing the reduction or elimination of benefits attributable to future service, which may result in a curtailment gain
  2. b
    Any increase in the accumulated postretirement benefit obligation resulting from employees retiring earlier than expected as a result of the amendment, which may result in a curtailment loss
  3. c
    Any prior service cost or any transition obligation remaining in accumulated other comprehensive income attributable to the future years of service of the employee group for which future accrual of benefits has been eliminated.
","snippet":"If such an amendment occurs, accounting for a curtailment should be applied to all of the following:\n(a) Any decrease in the accumulated postretirement benefit obligation representing the reduction or elimination of bene…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:6d7e57adcf5f605520894de779ae8270872a2e95a10e56c9c99994616b9c048a","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-110","para":"55-110","html":"
A gain results if at the time of a curtailment there exists negative prior service cost included in accumulated other comprehensive income due to a previous plan amendment that reduced benefits under the plan. Under paragraph 715-60-35-20, negative prior service cost included in accumulated other comprehensive income that results from an amendment that reduces benefits under the plan is treated the same as prior service cost that results from an amendment that improves benefits. For purposes of measuring the effect of a curtailment, prior service cost included in accumulated other comprehensive income includes any negative prior service cost from a prior plan amendment. Thus, the negative prior service cost included in accumulated other comprehensive income associated with the future years of service that are affected by the curtailment is a gain. That gain, to the extent it is not offset by any other effects of the curtailment, is currently recognized as a component of income. (See paragraphs
715-60-55-143 through 55-146
.)
","snippet":"A gain results if at the time of a curtailment there exists negative prior service cost included in accumulated other comprehensive income due to a previous plan amendment that reduced benefits under the plan. Under para…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:84e3333e40930d6705eff0e613652b52347e2d083d50c4f8d416c7c4dcd4e401","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-111","para":"55-111","html":"
An employer that immediately recognized its transition obligation in income upon adopting the provisions of this Subtopic subsequently amends its plan to eliminate its obligation for postretirement benefits and partially compensates affected participants by increasing their pension benefits. In this case, the employer has terminated its postretirement benefit plan and effectively settled its remaining postretirement benefit obligation by increasing its obligation to pay pension benefits. Because the cost to the employer of settling its postretirement benefit obligation is the increase in the obligation for pension benefits, the gain on the termination of the plan must be measured taking into account the cost of the pension benefit increase. That increase should be accounted for as an increase in a pension liability (or a decrease in a pension asset). The obligation for postretirement benefits should be eliminated. The difference is a gain on plan termination that should be recognized pursuant to Subtopic 715-30.
","snippet":"An employer that immediately recognized its transition obligation in income upon adopting the provisions of this Subtopic subsequently amends its plan to eliminate its obligation for postretirement benefits and partially…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:4f38cabacb84c77810ddebab421a8745307dac442c878c33cfcf195bc63c03ab","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:61d035a102947e7e8a573a925ab5adb7ce6827ba1b6c633f58d8d3d2747402c5","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"block":"Settlements, Curtailments, and Certain Termination Benefits","heading":"Illustrations","paragraphs":[{"citation":"715-60-55-112","para":"55-112","html":"
The following Cases illustrate the accounting for settlements in various circumstances:
  1. a
    Settlement when a transition obligation remains in accumulated other comprehensive income (Case A)
  2. b
    Settlement when a transition asset remains in accumulated other comprehensive income (Case B)
  3. c
    Effect of mid-year settlement on transition constraint (Case C).
","snippet":"The following Cases illustrate the accounting for settlements in various circumstances:\n(a) Settlement when a transition obligation remains in accumulated other comprehensive income (Case A)\n(b) Settlement when a transit…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:7453b0fee976124df8299274486cb6c91816afa64ddb802e2ea589a358a684fe","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-113","para":"55-113","html":"
Entity L sponsors a postretirement life insurance plan. On December 31, 20X4, Entity L settles the accumulated postretirement benefit obligation for its current retirees ($70,000) through the purchase of nonparticipating life insurance contracts.
","snippet":"Entity L sponsors a postretirement life insurance plan. On December 31, 20X4, Entity L settles the accumulated postretirement benefit obligation for its current retirees ($70,000) through the purchase of nonparticipating…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:488701bff793be848cf86b5778e706a1e2421deb9218f4feaea88cb73e4cf445","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-114","para":"55-114","html":"
In accounting for the settlement, Entity L must determine whether recognition in income of an additional amount of any transition obligation remaining in accumulated other comprehensive income is required pursuant to the constraint on delayed recognition in income of the transition obligation (see paragraphs
715-60-35-39 through 35-40
). At December 31, 20X4, the cumulative postretirement benefit cost accrued after the date of transition exceeds the cumulative benefits payments after that date (including payments made pursuant to the settlement) in this Case; thus, the constraint on delayed recognition in income of the transition obligation remaining in accumulated other comprehensive income is not operative. The results of the settlement are as follows.
","snippet":"In accounting for the settlement, Entity L must determine whether recognition in income of an additional amount of any transition obligation remaining in accumulated other comprehensive income is required pursuant to the…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:90aa7590c57550452c68f666c991504fe22d6c3812dab5170be6ee68ea2ba260","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-115","para":"55-115","html":"
Entity M sponsors a postretirement life insurance plan. On January 2, 20X5, Entity M settles the accumulated postretirement benefit obligation for its current retirees ($200,000) through the purchase of nonparticipating life insurance contracts.
","snippet":"Entity M sponsors a postretirement life insurance plan. On January 2, 20X5, Entity M settles the accumulated postretirement benefit obligation for its current retirees ($200,000) through the purchase of nonparticipating …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:bbd2444ac000c2c8fb888f97885df2763a8ec88f3e29b7bab06fb46e1a36212a","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-116","para":"55-116","html":"
Pursuant to paragraphs
715-60-35-150 through 35-155
, a settlement gain of $78,506 is recognized in income, determined as follows.
","snippet":"Pursuant to paragraphs 715-60-35-150 through 35-155, a settlement gain of $78,506 is recognized in income, determined as follows.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:fb1ca73eb95cabe57bfee1815385d69a7facb1c55cf73c3d139836d829fad13b","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-117","para":"55-117","html":"
The transition constraint in paragraph 715-60-35-39 that requires additional recognition in income of a transition obligation remaining in accumulated other comprehensive income in certain circumstances is not applicable because there is a transition asset remaining in accumulated other comprehensive income.
","snippet":"The transition constraint in paragraph 715-60-35-39 that requires additional recognition in income of a transition obligation remaining in accumulated other comprehensive income in certain circumstances is not applicable…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a0e35a762d76db96b397a473e4c46019e252181f63e5e6914daf36c0c0e6719d","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-118","para":"55-118","html":"
This Case illustrates the accounting for a settlement of part of the accumulated postretirement benefit obligation that occurs mid-year and the interaction between that event and other provisions of this Subtopic, such as the constraint on delayed recognition in net periodic postretirement benefit cost of the transition obligation.
","snippet":"This Case illustrates the accounting for a settlement of part of the accumulated postretirement benefit obligation that occurs mid-year and the interaction between that event and other provisions of this Subtopic, such a…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:afc007e2f0ffac003f55d905565b045bc5b64b77dae52935ce610ab493e8b2a4","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-119","para":"55-119","html":"
Entity N's accumulated postretirement benefit obligation for its postretirement life insurance plan was $6,000,000, and there were no plan assets. In 20X3, the entity establishes a policy of funding at the end of each year an amount equal to the benefits paid during the year plus the service and interest cost for the year. Benefits are paid at the end of each year and in 20X3 are $630,000, which is less than the net periodic postretirement benefit cost accrued for the year ($1,170,000); thus, no additional transition obligation is recognized in net periodic postretirement benefit cost pursuant to paragraph 715-60-35-39. Entity N elects to amortize net gains and losses included in accumulated other comprehensive income in excess of the corridor over the average remaining service period of plan participants (see paragraphs
715-60-35-29 through 35-30
and 715-60-55-84).
","snippet":"Entity N's accumulated postretirement benefit obligation for its postretirement life insurance plan was $6,000,000, and there were no plan assets. In 20X3, the entity establishes a policy of funding at the end of each ye…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c01268ba38843de5a0e19d3db976cc9d2cc94dce73d95808c48693780fa95331","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-120","para":"55-120","html":"
At the beginning of 20X4, Entity N projects the life insurance benefits expected to be paid in 20X4 to retirees' beneficiaries to determine whether recognition in net periodic postretirement benefit cost of an additional amount of the transition obligation remaining in accumulated other comprehensive income will be required (see paragraph 715-60-35-40). Although Entity N is considering settling a portion of the accumulated postretirement benefit obligation, the effects of the settlement are not included in the projection because plan settlements are not anticipated for measurement or recognition before their occurrence. The projection indicates that no additional amount is required to be recognized in net periodic postretirement benefit cost. On June 30, 20X4, Entity N contributes additional funds ($1,430,000) and settles a portion ($1,900,000) of the accumulated postretirement benefit obligation for its current retirees through the purchase of nonparticipating life insurance contracts.
","snippet":"At the beginning of 20X4, Entity N projects the life insurance benefits expected to be paid in 20X4 to retirees' beneficiaries to determine whether recognition in net periodic postretirement benefit cost of an additional…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2d21c9b5c0e766f0eef027d88e41419ac6c885396bae463e0e9a48f26936836e","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-121","para":"55-121","html":"
The changes in the funded status of the plan and amounts included in accumulated other comprehensive income during the first six months of the year are as follows.
","snippet":"The changes in the funded status of the plan and amounts included in accumulated other comprehensive income during the first six months of the year are as follows.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:71904f592bc0cca9634b164dcf9654cc0309474f6af4881d7a2173cc816ed89e","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-122","para":"55-122","html":"
Detailed calculations are presented in the following paragraph.
","snippet":"Detailed calculations are presented in the following paragraph.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0562f3970c04a4791aef6fd93e1032d2dfaf7eb40f67d676e053d695db5fe91a","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-123","para":"55-123","html":"
In this Case, at June 30, 20X4, cumulative benefit payments from the date of transition to December 31, 20X4, are projected to exceed cumulative postretirement benefit cost accrued for that same period as illustrated in the following table. The additional transition obligation to be recognized in income is the amount by which cumulative benefit payments exceed cost accrued, or $718,822.
","snippet":"In this Case, at June 30, 20X4, cumulative benefit payments from the date of transition to December 31, 20X4, are projected to exceed cumulative postretirement benefit cost accrued for that same period as illustrated in …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:94af28c33fa59583c4f8794687d0a0a6ebc8100b0b0eaec90aa259fd4bc26218","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-124","para":"55-124","html":"
The projected funded status of the plan and the amounts remaining in accumulated other comprehensive income follow.
","snippet":"The projected funded status of the plan and the amounts remaining in accumulated other comprehensive income follow.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e5e0004768480577e176d3ad4c9bf6774774601a706317b9ccdd4c629824b071","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-125","para":"55-125","html":"
The following Cases illustrate the accounting for curtailments:
  1. a
    A gain and a transition obligation remain in accumulated other comprehensive income (Case A).
  2. b
    Disposal of a portion of the business when a loss and a transition obligation remain in accumulated other comprehensive income (Case B).
","snippet":"The following Cases illustrate the accounting for curtailments:\n(a) A gain and a transition obligation remain in accumulated other comprehensive income (Case A).\n(b) Disposal of a portion of the business when a loss and …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ad686015aaa54c15ab538e55c85c2f7e122d006b8de3faf89297d14aa4488866","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-126","para":"55-126","html":"
Entity P sponsors a postretirement benefit plan. On October 29, 20X4, Entity P decides to reduce its operations by terminating a significant number of employees effective December 31, 20X4. On October 29, 20X4, it is expected that a curtailment gain will result from the termination. A consequence of the curtailment is a significant reduction in the number of employees accumulating benefits under the plan. The remaining years of expected service associated with those terminated employees who were plan participants at the date of transition is 22 percent of the remaining years of service of all plan participants at the date of transition. The remaining years of service before full eligibility associated with those terminated employees who were plan participants at the date of a prior plan amendment is 18 percent of the remaining years of service of all plan participants at the date of that plan amendment.
","snippet":"Entity P sponsors a postretirement benefit plan. On October 29, 20X4, Entity P decides to reduce its operations by terminating a significant number of employees effective December 31, 20X4. On October 29, 20X4, it is exp…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e787a6f608dac760f25f2fc0095fdd9738a02ac3438f3e74f676f288741047f5","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-127","para":"55-127","html":"
The sum of the effects of the plan curtailment is a gain of $5,160 that should be recognized in income when the related employees terminate (see paragraph 715-60-35-171). That gain is determined as follows.
","snippet":"The sum of the effects of the plan curtailment is a gain of $5,160 that should be recognized in income when the related employees terminate (see paragraph 715-60-35-171). That gain is determined as follows.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c89b4a0f357eedde472b302fa2747d48bd209f93a7534da6039c650d284c900a","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-128","para":"55-128","html":"
Entity R sponsors a postretirement benefit plan. On December 31, 20X4, Entity R sells a portion of its business at a gain of $100,000 before considering the effect of the related curtailment of its postretirement benefit plan. In connection with the sale, the number of employees accumulating benefits under the plan is significantly reduced; thus, a curtailment occurs. The remaining years of expected service associated with the terminated employees who were plan participants at the date of transition is 22 percent of the remaining years of service of all plan participants at the date of transition. The remaining years of service before full eligibility associated with the terminated employees who were plan participants at the date of that prior plan amendment is 18 percent of the remaining years of service of all plan participants at the date of that plan amendment.
","snippet":"Entity R sponsors a postretirement benefit plan. On December 31, 20X4, Entity R sells a portion of its business at a gain of $100,000 before considering the effect of the related curtailment of its postretirement benefit…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:702595d7b0970777730e6729efcb4fdb9deaf94eeac90a405656a01af7390407","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-129","para":"55-129","html":"
The sum of the effects of the plan curtailment is a loss of $36,265 that should be recognized in income with the gain of $100,000 associated with Entity R's sale of a portion of its business. The loss is determined as follows.
","snippet":"The sum of the effects of the plan curtailment is a loss of $36,265 that should be recognized in income with the gain of $100,000 associated with Entity R's sale of a portion of its business. The loss is determined as fo…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:92b4c363e0ba02a6d719c58569b73425d7dd3334216bf65038d2c5287646a4c0","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-130","para":"55-130","html":"
Entity S sells a line of business on December 31, 20X4; before that date, the entity had no formal plan for disposal of those operations. Entity S has a separate postretirement benefit plan that provides health care benefits to retirees of the division that is sold. In connection with that sale, all of the employees of that division are terminated by Entity S resulting in no further accumulation of benefits under the postretirement benefit plan (a full curtailment), most of the terminated employees are hired by the acquiring entity (some terminated employees fully eligible for benefits elect to retire immediately), an accumulated postretirement benefit obligation of $80,000 for postretirement benefits related to the hired employees is assumed by the acquiring entity (a partial settlement, since the obligation for current retirees is retained by Entity S), and plan assets of $100,000, representing $80,000 for the settlement of the accumulated postretirement benefit obligation and $20,000 as an excess contribution, are transferred from the plan to the acquiring entity. A $300,000 gain from the sale is calculated before considering the related effects on the plan.
","snippet":"Entity S sells a line of business on December 31, 20X4; before that date, the entity had no formal plan for disposal of those operations. Entity S has a separate postretirement benefit plan that provides health care bene…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d768498e3c25fca85abffb81bb008bc8693a47c481f07f51c291da015d0aac82","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-131","para":"55-131","html":"
The employer's accounting policy is to determine the effects of a curtailment before determining the effects of a settlement when both events occur simultaneously.
","snippet":"The employer's accounting policy is to determine the effects of a curtailment before determining the effects of a settlement when both events occur simultaneously.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:735db64de02a31abaa33a5a8acc39eef21eab4a6a3da0253587934e9317eabed","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-132","para":"55-132","html":"
The effect of the curtailment is determined as follows.
","snippet":"The effect of the curtailment is determined as follows.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ec7215355d4cdfee7099b93ca42699587140b4caa970e8f87cfc55fffbb863f1","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-133","para":"55-133","html":"
The $8,128 loss related to the settlement and transfer of plan assets that is recognized in income with the gain from the sale is determined as follows.
","snippet":"The $8,128 loss related to the settlement and transfer of plan assets that is recognized in income with the gain from the sale is determined as follows.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:27b581aab442f6c2fc86f0272423b133087bc036a57fdba8018ac488f99bb96c","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-134","para":"55-134","html":"
The sum of the effects related to postretirement benefits resulting from the sale is a loss of $236,128, the components of which are as follows.
","snippet":"The sum of the effects related to postretirement benefits resulting from the sale is a loss of $236,128, the components of which are as follows.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:cf43e1042fc7566e906420ba61b30dc8fc8d8201cd7dc02717a1e7290c4d7428","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-135","para":"55-135","html":"
This Example illustrates the measurement of the effects of an offer of special termination benefits pursuant to paragraphs
715-60-25-4 through 25-6
and the accounting for the related curtailment.
","snippet":"This Example illustrates the measurement of the effects of an offer of special termination benefits pursuant to paragraphs 715-60-25-4 through 25-6 and the accounting for the related curtailment.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:37755efff450e7eabdad1d74b59c7ef53df386f0209e1c2bbe003a9e4d4caa9c","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-136","para":"55-136","html":"
On January 16, 20X5, Entity T offers for a short period of time (until January 30, 20X5) special benefits to its employees who elect voluntary termination of employment during that period (special termination benefits). As part of the offer, employees who voluntarily terminate will be credited with an additional five years of service and five years of age to determine eligibility for postretirement health care benefits. Employees are normally eligible for those benefits upon attaining age 55 and rendering at least 20 years of service.
","snippet":"On January 16, 20X5, Entity T offers for a short period of time (until January 30, 20X5) special benefits to its employees who elect voluntary termination of employment during that period (special termination benefits). …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:45f790e5f78c55425fe8ec6109adae10cb1cd8feb3a035d0cfe711e2391bd481","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-137","para":"55-137","html":"
On January 30, 20X5, employees representing 18 percent of the work force accept the offer of special termination benefits. For those employees, the accumulated postretirement benefit obligation attributed to prior service periods based on their previously expected retirement dates (without consideration of the special offer) is $280,000. If those employees were assumed to terminate (retire) immediately upon attaining full eligibility for benefits (age 55 with 20 years of service), the accumulated postretirement benefit obligation for those employees would be $450,000. The accumulated postretirement benefit obligation for those employees after they accept the offer of the special termination benefits (full eligibility date accelerated, benefit coverage begins immediately) is $630,000.
","snippet":"On January 30, 20X5, employees representing 18 percent of the work force accept the offer of special termination benefits. For those employees, the accumulated postretirement benefit obligation attributed to prior servic…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b6c9a2628a62d87951f0d3741996cb08f5618f4688b4fd2ebc318ce267c67dad","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-138","para":"55-138","html":"
The remaining years of expected service associated with the terminated employees who were plan participants at the date of transition is 24 percent of the remaining years of service of all plan participants at the date of transition. In addition, the portion of the prior service cost remaining in accumulated other comprehensive income arising from a prior plan amendment associated with the remaining years of service before full eligibility that are no longer expected to be rendered by the terminated employees is $25,000.
","snippet":"The remaining years of expected service associated with the terminated employees who were plan participants at the date of transition is 24 percent of the remaining years of service of all plan participants at the date o…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b0e517c6c4678d67431ec4c7624b12d30cda29ca46fdbf1efe94be289415fc69","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-139","para":"55-139","html":"
In this illustration, the effects resulting from the curtailment are not reasonably estimable until January 30, 20X5, the acceptance date of the offer of special termination benefits. Consequently, at January 30, 20X5, the employer recognizes a loss of $453,400 that includes the cost of the special termination benefits ($180,000) and the net loss from the curtailment ($273,400) determined as follows.
","snippet":"In this illustration, the effects resulting from the curtailment are not reasonably estimable until January 30, 20X5, the acceptance date of the offer of special termination benefits. Consequently, at January 30, 20X5, t…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:6e0817c18e0bd81ea268aaf085ac6f57a5cd3a0534fa6149074ed071e4c3f8e4","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-140","para":"55-140","html":"
It is important to distinguish between a reduction in the accumulated postretirement benefit obligation caused by a negative plan amendment and a reduction caused by a curtailment. Unless the plan is being terminated, a reduction in the accumulated postretirement benefit obligation caused by a curtailment (a curtailment that reduces the expected postretirement benefit obligation) is potentially recognizable as a current component of income.
","snippet":"It is important to distinguish between a reduction in the accumulated postretirement benefit obligation caused by a negative plan amendment and a reduction caused by a curtailment. Unless the plan is being terminated, a …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:11d99245fcb20685c87626f7327f4a3d55b273d11ece068b15b830dabd0b40d1","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-141","para":"55-141","html":"
The following Cases illustrate when a reduction in the accumulated postretirement benefit obligation is caused by:
  1. a
    A negative plan amendment (Case A)
  2. b
    A curtailment (Case B).
","snippet":"The following Cases illustrate when a reduction in the accumulated postretirement benefit obligation is caused by:\n(a) A negative plan amendment (Case A)\n(b) A curtailment (Case B).","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f16265c9a425375af6857eb8349ba2f8706580ee230c124b9997c098d4950e8a","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-142","para":"55-142","html":"
On December 31, 20X1, Entity A changes the terms of its retiree health care plan to require current and future retirees to contribute $100 per month toward the cost of benefits provided by the plan. The plan was previously noncontributory. As a result of the change, the accumulated postretirement benefit obligation for both active employees and retirees at December 31, 20X1, decreases by $500,000. That reduction is a negative plan amendment because the change in plan terms has reduced the benefits under the plan attributed to employee service already rendered. A curtailment has not occurred because there has been no reduction in the expected years of future service of active plan participants and the plan continues to provide additional benefits for future services.
","snippet":"On December 31, 20X1, Entity A changes the terms of its retiree health care plan to require current and future retirees to contribute $100 per month toward the cost of benefits provided by the plan. The plan was previous…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9f448bb2156eef95f3c37144b95db6d29938653525250df31177ef6d6fa55799","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-143","para":"55-143","html":"
On December 31, 20X1, Entity B changes the terms of its retiree life insurance plan for future retirees from a death benefit equal to 5 percent of final pay for each year of service to a death benefit equal to 5 percent of the pay rate in effect at December 31, 20X1, for each year of service before that date. Because Entity B switched the terms under which benefits are based to provide benefits only for services rendered before December 31, 20X1, the entity will no longer provide benefits for future service and there will be no increases in retiree life insurance for any employee services rendered after that date. That change constitutes a curtailment because accruals of death benefits for future employee service are no longer required (that is, the change eliminates the need for future accruals of death benefits for all of the future services of the active plan participants). However, the change in plan terms does not result in a termination of the plan because there is a continuing obligation to pay the future death benefits already earned by employees and current retirees. Only the accrual of additional death benefits for employees' future services has been eliminated.
","snippet":"On December 31, 20X1, Entity B changes the terms of its retiree life insurance plan for future retirees from a death benefit equal to 5 percent of final pay for each year of service to a death benefit equal to 5 percent …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:545135fb9025449693b4b8ef985f29279827b8f9c851a47ab5ab6ffc4dd7e6c0","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-144","para":"55-144","html":"
Because this plan was previously a final-pay plan, the accumulated postretirement benefit obligation at December 31, 20X1, before the amendment included an amount based on projected future employee pay levels. In this Case, that amount equaled $400,000. Thus, the accumulated postretirement benefit obligation at December 31, 20X1, decreases by $400,000 as a result of the plan amendment because increases in employees' future pay levels will no longer increase their death benefits under the plan. That reduction is potentially a currently recognizable curtailment gain.
","snippet":"Because this plan was previously a final-pay plan, the accumulated postretirement benefit obligation at December 31, 20X1, before the amendment included an amount based on projected future employee pay levels. In this Ca…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:62381124898e5fb5ba60413d10c1e807e7d452a9c0e981ef5f4762e8c0fcd4b8","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-145","para":"55-145","html":"
Whether any or all of the $400,000 should be recognized currently as a component of net periodic postretirement benefit cost depends on the existence and amount of any net loss included in accumulated other comprehensive income that must be offset before that curtailment gain can be recognized. Any prior service cost or transition obligation included in accumulated other comprehensive income also will enter into determining the net curtailment gain or loss.
","snippet":"Whether any or all of the $400,000 should be recognized currently as a component of net periodic postretirement benefit cost depends on the existence and amount of any net loss included in accumulated other comprehensive…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:eade4f5e8d0423054fac33fdc70f963bf3efed743b27db29d663f56d79f13d21","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-146","para":"55-146","html":"
The following Cases illustrate the accounting for a negative plan amendment that results in a curtailment:
  1. a
    The accounting for a negative plan amendment that results in a curtailment gain (Case A)
  2. b
    The accounting for a negative plan amendment that results in a curtailment loss (Case B)
  3. c
    The accounting for a negative plan amendment and a curtailment that results in recognition as a component of net periodic postretirement benefit cost of prior service cost included in accumulated other comprehensive income (Case C).
","snippet":"The following Cases illustrate the accounting for a negative plan amendment that results in a curtailment:\n(a) The accounting for a negative plan amendment that results in a curtailment gain (Case A)\n(b) The accounting f…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a7346986ccd421b4c2f474250a670b3cafeee665a63f8cd5bc3c5ece764240ca","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-147","para":"55-147","html":"
Entity A sponsors an unfunded postretirement benefit plan whose only benefit is life insurance coverage equal to an employee's final pay. On December 31, 20X1, Entity A amends its plan to eliminate that benefit for active employees who are not 40 years of age or older, which is a significant portion of its work force. The resulting reduction in the accumulated postretirement benefit obligation consists of two components: $150,000 represents benefits based on past pay and service already rendered by employees under age 40 (a negative plan amendment), and $250,000 represents that portion of the accumulated postretirement benefit obligation based on a projection of those employees' future pay. Because the change in plan terms eliminates the accrual of additional benefits for those employees, the $250,000 is potentially a currently recognizable curtailment gain.
","snippet":"Entity A sponsors an unfunded postretirement benefit plan whose only benefit is life insurance coverage equal to an employee's final pay. On December 31, 20X1, Entity A amends its plan to eliminate that benefit for activ…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:93948c7f245053b56b7ba1e4083ce47f179dd7e890083278a0fe2425f7f9a5f6","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-148","para":"55-148","html":"
The journal entry to record the negative plan amendment is as follows.
","snippet":"The journal entry to record the negative plan amendment is as follows.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:fbd189af804ddc5ae69aa8082f2433af5e357b5b8e6cd3724f078b855701b038","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-149","para":"55-149","html":"
The journal entry to record the curtailment gain is as follows.
","snippet":"The journal entry to record the curtailment gain is as follows.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2473cd2bdd4e7e5a9bfb34e5737c1116e530de2c975064686ad5076ed556cc83","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-150","para":"55-150","html":"
The negative plan amendment results in negative prior service cost because it reduces the accumulated postretirement benefit obligation by an amount that exceeds the prior service cost and the remaining transition obligation included in accumulated other comprehensive income. The negative prior service cost of $30,000 is recognized in net periodic postretirement benefit cost by amortizing it over future periods beginning January 1, 20X2, in accordance with paragraph 715-60-35-17. Only those participants who are active at the date of the amendment and who are not yet fully eligible for benefits (that is, participants who are 40 years of age or older) are considered in applying that paragraph to the net negative prior service cost that results from this plan amendment
","snippet":"The negative plan amendment results in negative prior service cost because it reduces the accumulated postretirement benefit obligation by an amount that exceeds the prior service cost and the remaining transition obliga…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:13c98759d02b1fcb5c118853a1b03315ae06127858d454384dc8767fb2550229","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-151","para":"55-151","html":"
If Entity A had instead amended the plan on October 31, 20X1, and it had a calendar-year fiscal year-end, the effects of the negative plan amendment in determining net periodic postretirement benefit cost for 20X1 would be recognized prospectively starting from November 1, 20X1. The net periodic postretirement benefit cost for the first 10 months of the year would reflect the terms of the plan before the plan amendment.
","snippet":"If Entity A had instead amended the plan on October 31, 20X1, and it had a calendar-year fiscal year-end, the effects of the negative plan amendment in determining net periodic postretirement benefit cost for 20X1 would …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f87782a2ffb17b8614e42e1de1dd168195f9ddff4822edf0aa190dfb716fbe8d","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-152","para":"55-152","html":"
Entity B sponsors an unfunded postretirement health care benefit plan covering employees at five locations. On December 1, 20X1, Entity B amends its plan so that any employee at location X who does not retire by the end of 20X1 will not be entitled to receive benefits. Those employees at location X who retire by December 31, 20X1, will receive benefits under the plan terms. Employees at the other four locations are not affected by the amendment and will continue to earn benefits.
","snippet":"Entity B sponsors an unfunded postretirement health care benefit plan covering employees at five locations. On December 1, 20X1, Entity B amends its plan so that any employee at location X who does not retire by the end …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:99e0b3dfaa9480de70a8ef43f34096fffad8aae60c2d643cda6bbec70635c2be","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-153","para":"55-153","html":"
As a result of the amendment, Entity B's accumulated postretirement benefit obligation is reduced by $400,000, representing the elimination of benefits attributable to years of service already rendered by active employees who are not eligible to retire and those eligible employees who choose not to retire (a negative plan amendment). The remaining employees at location X decide to take early retirement on December 31, 20X1 (a curtailment). The unexpected early retirements cause a $200,000 increase in the accumulated postretirement benefit obligation that is accounted for as part of the curtailment. The previously expected remaining years of service associated with all employees at location X who were plan participants at the date of transition represent 20 percent of the previously expected remaining years of service of all plan participants at the date of transition. As a result, $100,000 (20 percent x $500,000) is recognized representing accelerated amortization of the transition obligation remaining in accumulated other comprehensive income. Because the prior service cost included in accumulated other comprehensive income is eliminated by the negative plan amendment, it does not enter into the accounting for the curtailment.
","snippet":"As a result of the amendment, Entity B's accumulated postretirement benefit obligation is reduced by $400,000, representing the elimination of benefits attributable to years of service already rendered by active employee…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:700c89fa94524b4d497b0564818d50cecb86f94cc44fce4d15305fefd5f51ca6","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-154","para":"55-154","html":"
Unlike the terms of the plan described in Example 6, Case A (see paragraphs
715-60-55-147 through 55-151
), benefits under this plan are not pay-related. Thus, the accounting for the curtailment does not include any gain for the elimination of the effects of a projection of final pay.
","snippet":"Unlike the terms of the plan described in Example 6, Case A (see paragraphs 715-60-55-147 through 55-151), benefits under this plan are not pay-related. Thus, the accounting for the curtailment does not include any gain …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b3106e7ea827224ff2c8430a7310e3f8020ee5c4fe8161e3d2f15f3ad6db580b","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-155","para":"55-155","html":"
The journal entry to record the negative plan amendment is as follows.
","snippet":"The journal entry to record the negative plan amendment is as follows.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ec1e6a390f5af40e382b67e70c02ec936b57a8ca54b6d5c1ee7299770220a1a0","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-156","para":"55-156","html":"
The journal entry to record the curtailment loss is as follows.
","snippet":"The journal entry to record the curtailment loss is as follows.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9840dad055c53ea42ca6975e371ab2d1de60bb936746875fc965e47131e4b480","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-157","para":"55-157","html":"
Entity C sponsors an unfunded postretirement health care benefit plan. Benefits under the plan are not pay-related; thus, no assumption is required about employees' future pay levels in measuring the accumulated postretirement benefit obligation. When it initially adopted the requirements of this Topic, Entity C immediately recognized its transition obligation in net income. On December 31, 20X1, the entity changes the plan's eligibility requirements from the attainment of age 65 while in service and 20 years of service to 20 years of service to be rendered after attaining age 45. The new credited service period is not deemed to be nominal in relation to employees' average total years of service before their full eligibility dates. This change reduces the accumulated postretirement benefit obligation for benefits attributable to past service (a negative plan amendment) by $300,000 for employees hired before age 45.
","snippet":"Entity C sponsors an unfunded postretirement health care benefit plan. Benefits under the plan are not pay-related; thus, no assumption is required about employees' future pay levels in measuring the accumulated postreti…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c9b213e533e3a2458e947b7c9ee7f3bbe024110b72587b736259c37ec0e17799","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-158","para":"55-158","html":"
Because a significant number of employees previously expected to receive benefits under the plan are under age 45, the change in plan terms also meets the definition of a curtailment because it eliminates those employees as active participants under the plan. Their remaining years of expected service represent 15 percent of the previously expected remaining years of service of all plan participants at the date of a prior plan amendment that increased benefits. Because no portion of the accumulated postretirement benefit obligation includes any amounts attributed to future pay levels, the impact of accounting for the curtailment is limited to accelerating the recognition in net periodic postretirement benefit cost of the portion of remaining prior service cost included in accumulated other comprehensive income (15 percent x $100,000) related to those employees' future years of service.
","snippet":"Because a significant number of employees previously expected to receive benefits under the plan are under age 45, the change in plan terms also meets the definition of a curtailment because it eliminates those employees…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:290f1c86d4a05f3feb369662998a3b4e4eb6914d959268df498b01c6d782301a","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-159","para":"55-159","html":"
The journal entry to record the negative plan amendment is as follows.
","snippet":"The journal entry to record the negative plan amendment is as follows.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b2fc3ac95f8c19cdcc4cac41fa4f4d4a2a1248c0616ac37dd8d4bab3e4f39770","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-160","para":"55-160","html":"
The journal entry to record the curtailment loss is as follows.
","snippet":"The journal entry to record the curtailment loss is as follows.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2f9237db8ef2b3748b7eb8533340141e7c2126401ea8f33c861a85da18f3d8af","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-161","para":"55-161","html":"
In general an employer should measure the postretirement benefit incentive to be received by employees in exchange for early termination as the difference between the actuarial present value of the accrued benefits for employees terminating with the enhanced benefits and the accrued benefits for those employees assuming they terminated without the enhancements.
","snippet":"In general an employer should measure the postretirement benefit incentive to be received by employees in exchange for early termination as the difference between the actuarial present value of the accrued benefits for e…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9fb66e734f39f54e72cd9b70559054b05be1cb60e04d5ad1a715bd2b3b5eb5cb","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-162","para":"55-162","html":"
The following simplified examples address situations involving a typical postretirement benefit plan under which participants become eligible for benefits upon attaining age 55 while in service and rendering 10 years of service and a plan under which benefits are based on years of service. To simplify the examples further, discounting and health care cost trends have been ignored.
","snippet":"The following simplified examples address situations involving a typical postretirement benefit plan under which participants become eligible for benefits upon attaining age 55 while in service and rendering 10 years of …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e152002f1266bd3d278844aa03c6506f4512dabbc41c0b996d63f5ba98a27ad1","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-163","para":"55-163","html":"
Under Entity X's postretirement health care benefit plan, the annual cost of coverage is estimated to be $4,500 for retirees under age 65 and $1,500 for those 65 and older. The probability of employees retiring is 40 percent at age 57, 50 percent at age 62, and 10 percent at age 65. There is a 100 percent probability that retirees will die at age 75. Employees that retire on or after attaining age 55 while in service and rendering 10 or more years of service receive full employer-paid postretirement benefit coverage.
","snippet":"Under Entity X's postretirement health care benefit plan, the annual cost of coverage is estimated to be $4,500 for retirees under age 65 and $1,500 for those 65 and older. The probability of employees retiring is 40 per…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e908e1bd411bcd41c529a0e03c4f78ee32a8ad75eba706da0ffa6d73a32e8508","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-164","para":"55-164","html":"
As part of an incentive package to encourage employees to retire early, Entity X offers for a short period of time to add three years of age and three years of service to an employee's age and accumulated service credits to determine eligibility for postretirement benefits. Two employees, A and B, accept the offer. A is age 57 and has rendered 20 years of service. B is age 52 and has rendered 12 years of service.
","snippet":"As part of an incentive package to encourage employees to retire early, Entity X offers for a short period of time to add three years of age and three years of service to an employee's age and accumulated service credits…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:be1a35e41887bd6dbac698d5301f47a2ca9862de32e0629fce829639f9091799","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-165","para":"55-165","html":"
The expected postretirement benefit obligation for A and B before the offer is $36,150 each, determined as follows.
","snippet":"The expected postretirement benefit obligation for A and B before the offer is $36,150 each, determined as follows.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:4798a365a1af3b99a00adecf568b3c1dbc0bdba382befae3e1e3986bba07cf83","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-166","para":"55-166","html":"
The accumulated postretirement benefit obligation for A and B before the offer is $36,150 and $28,920, respectively, determined as follows.
","snippet":"The accumulated postretirement benefit obligation for A and B before the offer is $36,150 and $28,920, respectively, determined as follows.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0646d84b09e64eae12aed4574e99ae402845a271cacb58e1fe5a944a1ecbc2cf","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-167","para":"55-167","html":"
The special termination postretirement benefit is measured as the difference between the following two amounts:
  1. a
    The benefits attributed to past service based on what A and B receive if they retire at the earliest date at which they could retire and receive postretirement benefits under the plan, ignoring the special termination benefits. That date would be immediately for A and in 3 years (upon attaining age 55) for B.
  2. b
    The benefits A and B receive if they accept the special termination benefits offer and retire immediately.
","snippet":"The special termination postretirement benefit is measured as the difference between the following two amounts:\n(a) The benefits attributed to past service based on what A and B receive if they retire at the earliest dat…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8131372c0aa844b4575279e1d61b2c1ae507602175b0a9a8485d5f7be0c869c5","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-168","para":"55-168","html":"
The calculation of those two amounts follows.
","snippet":"The calculation of those two amounts follows.\nAccrued Benefits Ignoring Special Termination Benefits and Assuming A Retires Immediately and B Retires at Age 55\nAccrued Benefits That Reflect Special Termination Benefits A…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0b047494e74276ea06776789b48fea879bad43fedd47372a9c5334d0449dfdc6","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-169","para":"55-169","html":"
Thus, the cost of the special termination postretirement benefits is $25,500 ($124,500 - $99,000). If A and B represent a significant portion of Entity X's work force, the increase in the accumulated postretirement benefit obligation attributable solely to their early retirement, $33,930 ($99,000 - $65,070, both calculated without regard to the special termination benefits), would be accounted for as a curtailment. Otherwise, the $33,930 would be an experience loss.
","snippet":"Thus, the cost of the special termination postretirement benefits is $25,500 ($124,500 - $99,000). If A and B represent a significant portion of Entity X's work force, the increase in the accumulated postretirement benef…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:445582ab6e2734a07a4f14ebf40f9222651bf03492d9f02305f0b2a1d525991d","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-170","para":"55-170","html":"
The facts are the same as in Case A except that under the plan's terms retiring employees receive 2 1/2 percent coverage for each year of service. Thus, before the acceptance of special termination benefits, the full eligibility dates for A and B would be their expected retirement dates.
","snippet":"The facts are the same as in Case A except that under the plan's terms retiring employees receive 2 1/2 percent coverage for each year of service. Thus, before the acceptance of special termination benefits, the full eli…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:bf3baeb030a89afb14158420ba4ad67c9efbd3cd0e1f164d20ce7a71966c9a9b","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-171","para":"55-171","html":"
The accumulated postretirement benefit obligation for A and B before accepting the offer is $28,920, determined as follows.
","snippet":"The accumulated postretirement benefit obligation for A and B before accepting the offer is $28,920, determined as follows.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:029e9a09d6597213cfb12a24544aa0c0986a6f9617f8e87a9ff7decf29518332","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-172","para":"55-172","html":"
The special termination postretirement benefit is measured in the same manner as in Case A.
","snippet":"The special termination postretirement benefit is measured in the same manner as in Case A.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:783bc5401403b2555c5b7d25ef3255bae4ee91517e079c246c53c482ec175fea","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-173","para":"55-173","html":"
Accrued Benefits Ignoring Special Termination Benefits and Assuming A Retires Immediately and B Retires at Age 55
","snippet":"Accrued Benefits Ignoring Special Termination Benefits and Assuming A Retires Immediately and B Retires at Age 55","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:bc5d6fff9bf6644fd7755fa3b060bc27526f25da1a3bd80fd7291287c8aef8f0","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-174","para":"55-174","html":"
Accrued Benefits That Reflect Special Termination Benefits Assuming A and B Retire Immediately
","snippet":"Accrued Benefits That Reflect Special Termination Benefits Assuming A and B Retire Immediately","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:01e03a2c4519881abed7f01104b06ff33befabfff8f66eede32831bf788798b4","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-175","para":"55-175","html":"
Thus, the cost of the special termination postretirement benefits is $13,388 ($56,888 - $43,500), and $14,580 ($43,500 - $28,920) would be accounted for as a curtailment or an experience loss.
","snippet":"Thus, the cost of the special termination postretirement benefits is $13,388 ($56,888 - $43,500), and $14,580 ($43,500 - $28,920) would be accounted for as a curtailment or an experience loss.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a28a0739082679df056815966950be0c00319dbf33691d375dcbd6de6207a5f0","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:92bf2589c6233239e4bdf1bb7b83e2899981e63cf1a24627f3d118b2de5f62ed","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"block":"Split-Dollar Life Insurance Arrangements","heading":"Implementation Guidance","paragraphs":[{"citation":"715-60-55-176","para":"55-176","html":"
A typical endorsement split-dollar life insurance arrangement may have the following terms:
  1. a
    An employer purchases a life insurance policy to insure the life of an employee and pays a single premium at inception of the policy. Based on the insurance carrier's experience (for example, mortality) it can either charge or credit the policyholder for the negative or positive experience, respectively. The additional premium or credit is typically effectuated through an adjustment to the cash surrender value of the policy.
  2. b
    The employer enters into a separate agreement that splits the policy benefits between the employer and the employee. The employer owns the policy, controls all rights of ownership, and may terminate the insurance policy (and, in turn, the policy benefits promised to the employee). To effect the split-dollar arrangement, the employer endorses a portion of the death benefits to the employee (the employee designates a beneficiary for this portion of the death benefits). Upon the death of the employee, the employee's beneficiary typically receives the designated portion of the death benefits directly from the insurance entity and the employer receives the remainder of the death benefits.
","snippet":"A typical endorsement split-dollar life insurance arrangement may have the following terms:\n(a) An employer purchases a life insurance policy to insure the life of an employee and pays a single premium at inception of th…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:62fa3b93f7e8164db5469cd67ccdc04d423d4930b6babec81662189688edd45a","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-177","para":"55-177","html":"
The employee's portion of the death benefits is commonly based on one of the following:
  1. a
    Amounts that exceed the gross premiums paid by the employer
  2. b
    Amounts that exceed the sum of the gross premiums paid by the employer and an additional fixed or variable investment return on those premiums
  3. c
    The net insurance at the date of death (that is, the face amount of the death benefit under the policy, less the cash surrender value)
  4. d
    Amounts equal to a multiple of the employee's base salary at retirement or death (for example, twice the employee's base salary).
","snippet":"The employee's portion of the death benefits is commonly based on one of the following:\n(a) Amounts that exceed the gross premiums paid by the employer\n(b) Amounts that exceed the sum of the gross premiums paid by the em…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e9e8db7b237aa1672054e425563a21d962df1f065493dfc52f094beee9217299","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-178","para":"55-178","html":"
All available evidence should be considered in determining the substance of the arrangement, such as explicit written terms of the arrangement, communications made by the employer to the employee, the employer's past practices in administering the same or similar arrangements, and whether the employer is the primary obligor for the postretirement benefit.
","snippet":"All available evidence should be considered in determining the substance of the arrangement, such as explicit written terms of the arrangement, communications made by the employer to the employee, the employer's past pra…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a51c05baade45cef26592608ee7f7bfbef9aec720b0b0d0774eca5139852da58","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-179","para":"55-179","html":"
For example, if the employer agrees to provide a death benefit to the employee even in the event of default by the insurance entity, that would provide an indication that the promise made to the employee is to provide a postretirement death benefit. If the amount of the death benefit is not explicitly tied to an insurance policy, then the amount of the postretirement benefit should also be the amount of the death benefit promised to the employee. Conversely, if the terms of the arrangement are such that the employer has no obligation to the employee upon default of the insurance entity, that would provide an indication that the postretirement benefit is a promise to maintain a life insurance policy during the employee's retirement. In determining the appropriate measurement and attribution of the cost and obligation under any particular arrangement, employers should refer to the guidance in this Subtopic, as applicable.
","snippet":"For example, if the employer agrees to provide a death benefit to the employee even in the event of default by the insurance entity, that would provide an indication that the promise made to the employee is to provide a …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e00a1df24468f224b71cde0bb65d687997e59eeba65abad513cd430566b32678","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-180","para":"55-180","html":"
For example, if the terms of the arrangement are such that the employer has no obligation, either stated or implied, to provide loans to an employee to cover insurance policy premiums in the postretirement period, that may be an indication that there is no postretirement obligation. However, if the employer through the collateral assignment arrangement with the employee has an obligation, either stated or implied, to provide loans to an employee to cover the experience gains and losses of the insurance entity, that may indicate that an employer has a postretirement benefit obligation. In determining the appropriate measurement and attribution of the cost and obligation under any particular arrangement, employers should refer to the guidance in this Subtopic, as applicable.
","snippet":"For example, if the terms of the arrangement are such that the employer has no obligation, either stated or implied, to provide loans to an employee to cover insurance policy premiums in the postretirement period, that m…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e5ff57086fee819355212ba0fe62f70675f8358c55633458d6fdbfd9e5b17d9a","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"citation":"715-60-55-181","para":"55-181","html":"
In determining the nature and substance of the arrangement, the employer should assess what future cash flows the employer is entitled to, if any, as well as the employee's obligation and ability to repay the employer. For example, if the arrangement limited the amount the employer could recover to the amount of the cash surrender value of the insurance policy held by the employee (or retiree), and if the employer's loan to the employee (or retiree) is greater than the cash surrender value of the insurance policy, at the balance sheet date the employer's asset would be limited to the amount of the cash surrender value of the insurance policy. Conversely, if the arrangement required the employee to repay the employer irrespective of the collateral assigned and the employer has determined that the employee loan is collectible and intends to seek recovery beyond the cash surrender value of the life insurance policy, the employer should recognize the value of the loan (including accrued interest, if applicable) considering the guidance in Subtopic 835-30. An employer should evaluate all available information in determining the nature and substance of the collateral assignment split-dollar life insurance arrangement.
","snippet":"In determining the nature and substance of the arrangement, the employer should assess what future cash flows the employer is entitled to, if any, as well as the employee's obligation and ability to repay the employer. F…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2458fab19d596a6af546fece328b3a1e5b704a8c7829b3dfec53a003cc48311b","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b1d1b8d714492071beab93aa9690e29cd25b71c2dd3ded2cb9059777612a2d6b","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e5a6ac37294478ca350f523acf4237f5233bbe186128e697bad17004294df8b1","downloaded_from":"2026-09-10T01:00:48.222Z","last_downloaded_at":"2026-09-10T01:00:48.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480234","source_sha256":"fdbcafa6006391ca7239cfbf332ec852718fc1c1f83a55e4056540fc146e22f4"}},{"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":"
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.
","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":"
For guidance on plans to terminate certain employees if a business combination is probable, see paragraphs
805-20-55-50 through 55-51
.
","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":"
For consolidation guidance on employee benefit plans, see paragraph 810-10-15-12.
","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":"
For guidance on the United Mine Workers of America Combined Benefit Fund, see Subtopic 930-715.
","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":"
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.
","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":"
For guidance on a continuing other postretirement plan of a rate-regulated entity, see Subtopic 980-715.
","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"}},{"number":"65","label":"65 Transition and Open Effective Date Information","anchor":"65-transition-and-open-effective-date-information","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"715-60-65-1","para":"65-1","html":"
Paragraph superseded on 03/23/2010 after the end of the transition period stated in FASB Statement No. 158, Employers' Accounting for Defined Benefit Pension and Other Postretirement Plans, and FSP FAS 158-1.
","snippet":"Paragraph superseded on 03/23/2010 after the end of the transition period stated in FASB Statement No. 158, Employers' Accounting for Defined Benefit Pension and Other Postretirement Plans, and FSP FAS 158-1.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8c0774f84dedf0f50893020477fa1b2de96614d17780399396c075dfe251390b","downloaded_from":"2026-09-10T01:00:52.917Z","last_downloaded_at":"2026-09-10T01:00:52.917Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480173","source_sha256":"a4ba7334c979e35531a556beaf08bcb724b4a23ac1fc563f3745cd7ff564eecf"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1587e305b1f7bf1fd0b85f0a5c046c9da2e299936751b4f89ae5317fad2a1fe0","downloaded_from":"2026-09-10T01:00:52.917Z","last_downloaded_at":"2026-09-10T01:00:52.917Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480173","source_sha256":"a4ba7334c979e35531a556beaf08bcb724b4a23ac1fc563f3745cd7ff564eecf"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e9a14ce13f46fbe09ae819bf43469e7213c6919ff29b53c9d75c65cb8d7b714d","downloaded_from":"2026-09-10T01:00:52.917Z","last_downloaded_at":"2026-09-10T01:00:52.917Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480173","source_sha256":"a4ba7334c979e35531a556beaf08bcb724b4a23ac1fc563f3745cd7ff564eecf"}}],"enrichment":{"summary":"ASC 715-60 governs an employer's accounting for single-employer defined benefit postretirement benefit plans other than pensions (OPEB)—chiefly retiree health care, but also retiree life insurance, tuition, day care, legal services and housing subsidies. The employer must recognize the funded status of each plan (fair value of plan assets less the accumulated postretirement benefit obligation) on the balance sheet, attribute the expected postretirement benefit obligation ratably over an attribution period ending at the full eligibility date, and recognize net periodic postretirement benefit cost with delayed recognition of prior service cost, gains/losses, and any transition obligation through other comprehensive income. Separate Subsections address the Medicare Part D subsidy, settlements/curtailments/termination benefits, and split-dollar life insurance arrangements.","key_points":["An employer must recognize the funded status of its OPEB plans in the statement of financial position, aggregating overfunded plans as an asset and underfunded plans as a liability (715-60-25-1), with funded status measured as fair value of plan assets minus the accumulated postretirement benefit obligation (715-60-35-5).","Net periodic postretirement benefit cost comprises service cost, interest cost, actual return on plan assets, amortization of prior service cost or credit, gain or loss to the extent recognized, and amortization of any transition obligation or asset (715-60-35-9); only the service cost component may be capitalized into inventory or other assets (715-60-35-10A).","The accounting must follow the substantive plan—the plan as understood by both parties, which may differ from the extant written plan where a past cost-sharing practice or a communicated intent to change cost sharing exists (715-60-35-49; 715-60-35-51), but not where offset by other benefit changes or significant costs such as work stoppages (715-60-35-52 through 35-55).","An equal amount of the expected postretirement benefit obligation is attributed to each year in the attribution period (benefit-years-of-service approach), beginning at date of hire (or a non-nominal later credited service date) and always ending at the full eligibility date (715-60-35-62, 35-66, 35-68); frontloaded plans are attributed per the benefit formula (715-60-35-64).","Prior service cost from a benefit improvement is charged to OCI at the amendment date and amortized by assigning an equal amount to each remaining year of service to full eligibility of active participants not yet fully eligible (715-60-35-16 through 35-17); a negative amendment creates a prior service credit that first offsets remaining prior service cost, then transition obligation, with any excess amortized rather than recognized immediately (715-60-35-20).","Gains and losses are recognized in OCI as they arise and amortized only to the extent the net gain or loss exceeds 10 percent of the greater of the accumulated postretirement benefit obligation or the market-related value of plan assets, divided by the average remaining service period of active participants (715-60-35-25, 35-29).","Explicit, individually best-estimate and mutually consistent assumptions are required, including discount rates based on returns on high-quality fixed-income investments matched to expected benefit payments, per capita claims cost by age, and health care cost trend rates (715-60-35-72 through 35-79, 35-90, 35-99), measured as of the employer's fiscal year-end (715-60-35-121)."],"categories":["Compensation and benefits","Recognition","Subsequent measurement","Presentation"],"audience_level":"advanced","student_note":"OPEB accounting mirrors pension accounting under 715-30 but differs in crucial ways: the attribution period always ends at the full eligibility date (not retirement), salary progression is embedded in the \"accumulated\" obligation for pay-related plans, and benefits in kind require health care cost trend assumptions. The most common mistake is importing 715-30 rules wholesale—715-60-05-7 warns that neither Subtopic overrides the other.","related_topics":["715-30","715-20","715-70","712","420","740"],"key_concepts":["accumulated postretirement benefit obligation","expected postretirement benefit obligation","net periodic postretirement benefit cost","substantive plan","full eligibility date","attribution period","health care cost trend rate","prior service cost and transition obligation"],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:15e2a3dcd8f471b8ba057bb4d283b86117a78359334a55ebd03552f7bbbb2aa2","downloaded_from":"2026-09-10T01:00:25.988Z","last_downloaded_at":"2026-09-10T01:00:54.564Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},"related":[{"number":"715-30","title":"Defined Benefit Plans—Pension","topic_title":"Compensation—Retirement Benefits","score":0.893,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e29e9c475074d7e43e9f133bde4646b964f6fbccf48784f22189af332a629ff5","downloaded_from":"2026-09-10T00:59:50.700Z","last_downloaded_at":"2026-09-10T01:00:20.275Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"965-30","title":"Plan Benefit Obligations","topic_title":"Plan Accounting—Health and Welfare Benefit Plans","score":0.8562,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b80387e0e5529d6a933ea73506ac11c465cd1f1781bf9681b9cf3bc7b51ab6ff","downloaded_from":"2026-09-10T02:25:01.968Z","last_downloaded_at":"2026-09-10T02:25:26.797Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"715-10","title":"Overall","topic_title":"Compensation—Retirement Benefits","score":0.8533,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:97cc29c4a2ad22e0ef37795c48720cb0baf80a9525329a049a88d57043422dc6","downloaded_from":"2026-09-10T00:58:45.119Z","last_downloaded_at":"2026-09-10T00:58:58.564Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"960-20","title":"Accumulated Plan Benefits","topic_title":"Plan Accounting—Defined Benefit Pension Plans","score":0.8462,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:38504d0d6b1bfee269d3b3add8f74306739d9e063ef9cd01763ca7a05432d7f1","downloaded_from":"2026-09-10T02:22:37.329Z","last_downloaded_at":"2026-09-10T02:23:03.876Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"715-980","title":"Regulated Operations","topic_title":"Compensation—Retirement Benefits","score":0.8241,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:5de32fb816c9dac4560311501d96ea3f4d8586e31da97a28ad80a06d66b88022","downloaded_from":"2026-09-10T01:02:48.718Z","last_downloaded_at":"2026-09-10T01:03:11.702Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"712-10","title":"Overall","topic_title":"Compensation—Nonretirement Postemployment Benefits","score":0.8183,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:98a5edeb535eca2dd176a4d4b15af9c8192a393f119527e30fbae75b29d0c16e","downloaded_from":"2026-09-10T00:58:18.965Z","last_downloaded_at":"2026-09-10T00:58:43.060Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}}],"prev":{"number":"715-30","title":"Defined Benefit Plans—Pension","topic_title":"Compensation—Retirement Benefits","provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:4100fd3c2e89fdf1e03c9aad30b1aa4063e61f406d571431acd31e835fa4fb61","downloaded_from":"2026-09-10T00:59:50.700Z","last_downloaded_at":"2026-09-10T01:00:20.275Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},"next":{"number":"715-70","title":"Defined Contribution Plans","topic_title":"Compensation—Retirement Benefits","provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9eb9c82162160edec7c9a33e6aa761bf12a4bf3e4002f428cdaad80288f085a7","downloaded_from":"2026-09-10T01:00:58.143Z","last_downloaded_at":"2026-09-10T01:01:17.755Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:358fce79d8a58fe572d37fd647cb58b492b5a341f3f39ab2121b52f97ddeabcb","downloaded_from":"2026-09-10T01:00:25.988Z","last_downloaded_at":"2026-09-10T01:00:54.564Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"715-70","topic":"715","title":"Defined Contribution Plans","area":"Expenses","paragraphs":18,"summary":"ASC 715-70 governs employer accounting and disclosure for defined contribution pension and other postretirement benefit plans—plans that provide an individual account for each participant and benefits based only on contributions plus returns. The core rule is that net periodic cost equals the contribution called for in the period in which the employee renders service (715-70-35-1), with costs accrued during the service period if contributions relate to periods after retirement or termination. Plans with characteristics of both defined benefit and defined contribution plans must be accounted for based on their substance (715-70-15-2).","concepts":["defined contribution plan","net periodic benefit cost","individual participant accounts","floor-offset plan","target benefit plan","unallocated suspense account assets","postretirement health care accounts","treasury stock presentation"],"categories":["Compensation and benefits","Recognition","Disclosure","Subsequent measurement"],"level":"intermediate","topic_title":"Compensation—Retirement Benefits","sections":[{"number":"00","label":"00 Status","anchor":"00-status","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"715-70-00-1","para":"00-1","html":"
The following table identifies the changes made to this Subtopic.
ParagraphActionAccounting Standards UpdateDate
Defined Contribution PlanAmendedAccounting Standards Update No. 2014-0603/14/2014
Defined Contribution Postretirement PlanSupersededAccounting Standards Update No. 2014-0603/14/2014
Fair Value (3rd def.)AddedAccounting Standards Update No. 2012-0410/01/2012
715-70-15-2AddedAccounting Standards Update No. 2012-0410/01/2012
715-70-35-2SupersededAccounting Standards Update No. 2012-0410/01/2012
715-70-50-1AmendedAccounting Standards Update No. 2014-0603/14/2014
715-70-55-6AmendedAccounting Standards Update No. 2016-0101/05/2016
715-70-55-7AmendedAccounting Standards Update No. 2012-0410/01/2012
715-70-55-9AmendedAccounting Standards Update No. 2012-0410/01/2012
","snippet":"The following table identifies the changes made to this Subtopic.\nParagraph | Action | Accounting Standards Update | Date |\n| | | |\nDefined Contribution Plan | Amended | Accounting Standards Update No. 2014-06 | 03/14/20…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f62a36466a6fd54fa262a58335c576606740c2237d05e3c77f9d6697f477e4bd","downloaded_from":"2026-09-10T01:00:58.143Z","last_downloaded_at":"2026-09-10T01:00:58.143Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480947","source_sha256":"75f10be09db4052606e11cd6de0e4ca6ac52c142cdc1b54650ca6caa07e5d13b"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0a728d2bc21da2e32e59ccf28a061b501ffffa104c1634889ef5fc5dbb1db226","downloaded_from":"2026-09-10T01:00:58.143Z","last_downloaded_at":"2026-09-10T01:00:58.143Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480947","source_sha256":"75f10be09db4052606e11cd6de0e4ca6ac52c142cdc1b54650ca6caa07e5d13b"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:4e83077bcde112e1c6fbf4d08bb90880ad129920235493b7d8e37852e059ae88","downloaded_from":"2026-09-10T01:00:58.143Z","last_downloaded_at":"2026-09-10T01:00:58.143Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480947","source_sha256":"75f10be09db4052606e11cd6de0e4ca6ac52c142cdc1b54650ca6caa07e5d13b"}},{"number":"05","label":"05 Overview and Background","anchor":"05-overview-and-background","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"715-70-05-1","para":"05-1","html":"
This Subtopic provides guidance on the accounting and reporting of defined contribution plans.
","snippet":"This Subtopic provides guidance on the accounting and reporting of defined contribution plans.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3e2340b5b95cb5e3f5280d9092cb9b3413b09aa1a32a4aca0e9a693e56e45227","downloaded_from":"2026-09-10T01:01:00.742Z","last_downloaded_at":"2026-09-10T01:01:00.742Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480916","source_sha256":"947c42892ec8a570fc49dd2e4c9c786193d939e4c7a0f9d16b72e943df3430a6"}},{"citation":"715-70-05-2","para":"05-2","html":"
An employer's present obligation under the terms of a plan is fully satisfied when the contribution for the period is made, provided that costs (defined contributions) are not being deferred and recognized in periods after the related service period of the individual to whose account the contributions are to be made.
","snippet":"An employer's present obligation under the terms of a plan is fully satisfied when the contribution for the period is made, provided that costs (defined contributions) are not being deferred and recognized in periods aft…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3a79a8199641f8751f60259b1539fb16bc74f33d5788ade4a07f179bad0e8974","downloaded_from":"2026-09-10T01:01:00.742Z","last_downloaded_at":"2026-09-10T01:01:00.742Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480916","source_sha256":"947c42892ec8a570fc49dd2e4c9c786193d939e4c7a0f9d16b72e943df3430a6"}},{"citation":"715-70-05-3","para":"05-3","html":"
In a postretirement health plan, an employer may establish individual postretirement health care accounts for each employee, each year contributing a specified amount to each active employee's account. The balance in each employee's account may be used by that employee after the employee's retirement to purchase health care insurance or for other health care benefits. Rather than providing for defined health care benefits, the employer is providing a defined amount of money that may be used by retirees toward the payment of their health care costs.
","snippet":"In a postretirement health plan, an employer may establish individual postretirement health care accounts for each employee, each year contributing a specified amount to each active employee's account. The balance in eac…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a173c78844efc01654b4c21817db39d6907e9b2d5d208f06e5de46cc9a20c47c","downloaded_from":"2026-09-10T01:01:00.742Z","last_downloaded_at":"2026-09-10T01:01:00.742Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480916","source_sha256":"947c42892ec8a570fc49dd2e4c9c786193d939e4c7a0f9d16b72e943df3430a6"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:45706026f1fa63b1500374541e2048cc55da1e3635dcfbed58df6f5a8ef41b34","downloaded_from":"2026-09-10T01:01:00.742Z","last_downloaded_at":"2026-09-10T01:01:00.742Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480916","source_sha256":"947c42892ec8a570fc49dd2e4c9c786193d939e4c7a0f9d16b72e943df3430a6"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2ff3f1feb8eca0b0e55c799dbfd773724ef7fd57343dead20614d0bb1ec2fb02","downloaded_from":"2026-09-10T01:01:00.742Z","last_downloaded_at":"2026-09-10T01:01:00.742Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480916","source_sha256":"947c42892ec8a570fc49dd2e4c9c786193d939e4c7a0f9d16b72e943df3430a6"}},{"number":"15","label":"15 Scope and Scope Exceptions","anchor":"15-scope-and-scope-exceptions","is_sec":false,"groups":[{"block":null,"heading":"Overall Guidance","paragraphs":[{"citation":"715-70-15-1","para":"15-1","html":"
This Subtopic follows the same Scope and Scope Exceptions as outlined in the Overall Subtopic, see Section 715-10-15.
","snippet":"This Subtopic follows the same Scope and Scope Exceptions as outlined in the Overall Subtopic, see Section 715-10-15.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:4c4ed714c3b6177eca80e7a50366221eee78b2f23d75c4a34777ee6c23c8fcd5","downloaded_from":"2026-09-10T01:01:03.844Z","last_downloaded_at":"2026-09-10T01:01:03.844Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480883","source_sha256":"c881cdd2013633495dd340aa351b3aa176accc0d6628198b9d229a97cd14fb89"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3247c16990eab22e0100840e24a7343dedc900ddc0912fb707d0c119d4779b99","downloaded_from":"2026-09-10T01:01:03.844Z","last_downloaded_at":"2026-09-10T01:01:03.844Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480883","source_sha256":"c881cdd2013633495dd340aa351b3aa176accc0d6628198b9d229a97cd14fb89"}},{"block":null,"heading":"Plans with Characteristics of both a Defined Contribution and a Defined Benefit Plan","paragraphs":[{"citation":"715-70-15-2","para":"15-2","html":"
A pension or other postretirement benefit plan having characteristics of both a defined benefit plan and a defined contribution plan requires careful analysis. If the substance of the plan is to provide a defined benefit, as may be the case with some target benefit plans, the accounting requirements shall be determined in accordance with the provisions of Subtopic 715-30 or 715-60 applicable to a defined benefit plan and the disclosure requirements shall be determined in accordance with the provisions of paragraphs 715-20-50-1 and 715-20-50-5.
","snippet":"A pension or other postretirement benefit plan having characteristics of both a defined benefit plan and a defined contribution plan requires careful analysis. If the substance of the plan is to provide a defined benefit…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:db4eb663facb489e071a883f3d84d6d23f50925b2f1e1150e8f728635542bde2","downloaded_from":"2026-09-10T01:01:03.844Z","last_downloaded_at":"2026-09-10T01:01:03.844Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480883","source_sha256":"c881cdd2013633495dd340aa351b3aa176accc0d6628198b9d229a97cd14fb89"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:de51f4c89987627a8c54f91e027f2e66c113852318a3904b9f9680b1ca8915a8","downloaded_from":"2026-09-10T01:01:03.844Z","last_downloaded_at":"2026-09-10T01:01:03.844Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480883","source_sha256":"c881cdd2013633495dd340aa351b3aa176accc0d6628198b9d229a97cd14fb89"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b5eaaf2045becfc1dea7f774bb1f1d222d42585469a8c5e87935bdf1ba520c2b","downloaded_from":"2026-09-10T01:01:03.844Z","last_downloaded_at":"2026-09-10T01:01:03.844Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480883","source_sha256":"c881cdd2013633495dd340aa351b3aa176accc0d6628198b9d229a97cd14fb89"}},{"number":"35","label":"35 Subsequent Measurement","anchor":"35-subsequent-measurement","is_sec":false,"groups":[{"block":null,"heading":"Defined Contribution Plans","paragraphs":[{"citation":"715-70-35-1","para":"35-1","html":"
To the extent a plan's defined contributions to an individual's account are to be made for periods in which that individual renders services, the net pension or other postretirement benefit cost for a period shall be the contribution called for in that period. If a plan calls for contributions for periods after an individual retires or terminates, the estimated cost shall be accrued during the employee's service period.
","snippet":"To the extent a plan's defined contributions to an individual's account are to be made for periods in which that individual renders services, the net pension or other postretirement benefit cost for a period shall be the…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:31a3274b3d49dae0c5daea65c40f9ce009cc53f17840daff4d6433067088dccd","downloaded_from":"2026-09-10T01:01:08.191Z","last_downloaded_at":"2026-09-10T01:01:08.191Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480823","source_sha256":"a9a397412ffa4df5a5b0c6a377e4718fecedd10cece164ae7fe98c9d2b520f0a"}},{"citation":"715-70-35-2","para":"35-2","html":"
Paragraph superseded by Accounting Standards Update No. 2012-04.
","snippet":"Paragraph superseded by Accounting Standards Update No. 2012-04.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9d895edccbf6d19518e10346d513deb66618f2baf45ca132fe1eff058039ded3","downloaded_from":"2026-09-10T01:01:08.191Z","last_downloaded_at":"2026-09-10T01:01:08.191Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480823","source_sha256":"a9a397412ffa4df5a5b0c6a377e4718fecedd10cece164ae7fe98c9d2b520f0a"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0c9a2a1e9704316c6e057a55082a98186640bd34411175895c5aff7961544097","downloaded_from":"2026-09-10T01:01:08.191Z","last_downloaded_at":"2026-09-10T01:01:08.191Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480823","source_sha256":"a9a397412ffa4df5a5b0c6a377e4718fecedd10cece164ae7fe98c9d2b520f0a"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:835915647fe12255bb8815a81f5dad6d1915f17eb63597306cd3cdd17b5cbd5c","downloaded_from":"2026-09-10T01:01:08.191Z","last_downloaded_at":"2026-09-10T01:01:08.191Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480823","source_sha256":"a9a397412ffa4df5a5b0c6a377e4718fecedd10cece164ae7fe98c9d2b520f0a"}},{"number":"50","label":"50 Disclosure","anchor":"50-disclosure","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"715-70-50-1","para":"50-1","html":"
An employer shall disclose the amount of cost recognized for defined contribution pension plans and for other defined contribution postretirement benefit plans for all periods presented separately from the amount of cost recognized for defined benefit plans. The disclosures shall include a description of the nature and effect of any significant changes during the period affecting comparability, such as a change in the rate of employer contributions, a business combination, or a divestiture.
","snippet":"An employer shall disclose the amount of cost recognized for defined contribution pension plans and for other defined contribution postretirement benefit plans for all periods presented separately from the amount of cost…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2571d7760e38cac80daf3e5854d37fb3e3793d566661f1a8afce43ef1e439902","downloaded_from":"2026-09-10T01:01:10.146Z","last_downloaded_at":"2026-09-10T01:01:10.146Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480794","source_sha256":"c30cce734e7cc21717e654b06c664397c76937cef66d409002c7f8b1e210c63c"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e6dee85ffe7ae4ec49b415f3283e679c60ff272d16c32abab4d2c2c170d9ecc8","downloaded_from":"2026-09-10T01:01:10.146Z","last_downloaded_at":"2026-09-10T01:01:10.146Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480794","source_sha256":"c30cce734e7cc21717e654b06c664397c76937cef66d409002c7f8b1e210c63c"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:cc1e825dfeb5fb8b00f40762269f79114c0be62f11da8dfcbf6d622b454b5de2","downloaded_from":"2026-09-10T01:01:10.146Z","last_downloaded_at":"2026-09-10T01:01:10.146Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480794","source_sha256":"c30cce734e7cc21717e654b06c664397c76937cef66d409002c7f8b1e210c63c"}},{"number":"55","label":"55 Implementation Guidance and Illustrations","anchor":"55-implementation-guidance-and-illustrations","is_sec":false,"groups":[{"block":null,"heading":"Implementation Guidance","paragraphs":[{"citation":"715-70-55-1","para":"55-1","html":"
This Section, which is an integral part of the requirements of this Subtopic, provides general guidance related to accounting and disclosure requirements of defined contribution pension and other postretirement benefit plans.
","snippet":"This Section, which is an integral part of the requirements of this Subtopic, provides general guidance related to accounting and disclosure requirements of defined contribution pension and other postretirement benefit p…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:45b5f6b5ecea55d5abbb5dfafafd1a400536214018c8d6b3b213c2fcfc28396f","downloaded_from":"2026-09-10T01:01:13.649Z","last_downloaded_at":"2026-09-10T01:01:13.649Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480770","source_sha256":"42164d384cd1ff62251095322e49d1ecde4dfb194707fe1e978e36f940755ac6"}},{"citation":"715-70-55-2","para":"55-2","html":"
An employer has two legally separate pension or other postretirement benefit plans—a defined benefit plan and a defined contribution plan. The terms of the defined benefit plan specify that the employer's obligation under that plan is reduced to the extent that a participant's account balance in the defined contribution plan shall be used to pay incurred benefits covered by the defined benefit plan. Those plans shall be considered two plans for purposes of applying this Subtopic.
","snippet":"An employer has two legally separate pension or other postretirement benefit plans—a defined benefit plan and a defined contribution plan. The terms of the defined benefit plan specify that the employer's obligation unde…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ef7d2dffaba8672b395fe5bf1cd8dc829d6ae2d5c87d96d0200a3ceb63f1af60","downloaded_from":"2026-09-10T01:01:13.649Z","last_downloaded_at":"2026-09-10T01:01:13.649Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480770","source_sha256":"42164d384cd1ff62251095322e49d1ecde4dfb194707fe1e978e36f940755ac6"}},{"citation":"715-70-55-3","para":"55-3","html":"
The defined benefit plan is commonly described as a floor-offset plan. As participants' account balances in the defined contribution plan grow, the employer's obligation under the defined benefit plan diminishes. However, the nature of the employer's obligation under each plan, how that obligation is satisfied, the availability of plan assets to pay benefits, and the accounting for a defined benefit versus a defined contribution plan are sufficiently dissimilar for the two plans that they cannot be considered a single plan for purposes of applying the guidance in this Subtopic. See paragraphs
715-60-55-32 through 55-34
for additional guidance on floor-offset plans.
","snippet":"The defined benefit plan is commonly described as a floor-offset plan. As participants' account balances in the defined contribution plan grow, the employer's obligation under the defined benefit plan diminishes. However…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3360d2be4592ce26f7c9769b8ec0c38bbd103341729dce5defc700c82f24d006","downloaded_from":"2026-09-10T01:01:13.649Z","last_downloaded_at":"2026-09-10T01:01:13.649Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480770","source_sha256":"42164d384cd1ff62251095322e49d1ecde4dfb194707fe1e978e36f940755ac6"}},{"citation":"715-70-55-4","para":"55-4","html":"
When an employer terminates a defined benefit plan and contributes the assets withdrawn to a defined contribution plan and the amount contributed is in excess of the employer's required (or maximum) annual contribution to the plan, the assets in excess of the required contribution are maintained in a suspense account pending allocation to plan participants. Those assets are not allocated to individual participants' accounts, and the employer retains the risks and rewards of ownership of the assets.
","snippet":"When an employer terminates a defined benefit plan and contributes the assets withdrawn to a defined contribution plan and the amount contributed is in excess of the employer's required (or maximum) annual contribution t…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:efae5ebf1f86b121142ef74ce38105d4f0fb5697603edf073069fb82d2a55972","downloaded_from":"2026-09-10T01:01:13.649Z","last_downloaded_at":"2026-09-10T01:01:13.649Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480770","source_sha256":"42164d384cd1ff62251095322e49d1ecde4dfb194707fe1e978e36f940755ac6"}},{"citation":"715-70-55-5","para":"55-5","html":"
The excess contribution that is not allocated to individual participants shall be accounted for as an asset regardless of the source of funds to make the excess unallocated contribution (for example, either from an asset reversion of a defined benefit plan or otherwise).
","snippet":"The excess contribution that is not allocated to individual participants shall be accounted for as an asset regardless of the source of funds to make the excess unallocated contribution (for example, either from an asset…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:bbedc182e77e666b8acb085756aa4b3c14dd5c6371db71b61ec1131c60865982","downloaded_from":"2026-09-10T01:01:13.649Z","last_downloaded_at":"2026-09-10T01:01:13.649Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480770","source_sha256":"42164d384cd1ff62251095322e49d1ecde4dfb194707fe1e978e36f940755ac6"}},{"citation":"715-70-55-6","para":"55-6","html":"
The unallocated amount shall be treated as if it were part of the employer's investment portfolio and recorded as an asset until allocation to individual participants. For example, if the unallocated amount consists of equity securities, the accounting as required by Subtopic 321-10 shall apply. If the employer is subject to specialized industry accounting rules, as indicated in paragraph 320-10-15-3 or paragraph 321-10-15-3, such specialized industry rules would apply. Income attributable to such securities, including dividends, interest, and realized gains and losses, should be reported in a manner consistent with the employer's reporting of similar items.
","snippet":"The unallocated amount shall be treated as if it were part of the employer's investment portfolio and recorded as an asset until allocation to individual participants. For example, if the unallocated amount consists of e…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:12361cfd8987b0a001a0b37596c08f353b4e828edf5af557bda315cfb19c26e6","downloaded_from":"2026-09-10T01:01:13.649Z","last_downloaded_at":"2026-09-10T01:01:13.649Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480770","source_sha256":"42164d384cd1ff62251095322e49d1ecde4dfb194707fe1e978e36f940755ac6"}},{"citation":"715-70-55-7","para":"55-7","html":"
Compensation expense shall be reflected at the time the allocation is made by the plan based on the fair value of the assets at that time.
","snippet":"Compensation expense shall be reflected at the time the allocation is made by the plan based on the fair value of the assets at that time.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:5a998b661b6fa7d671899685b6215a1a8f143d6486701500ec3e23592f19387d","downloaded_from":"2026-09-10T01:01:13.649Z","last_downloaded_at":"2026-09-10T01:01:13.649Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480770","source_sha256":"42164d384cd1ff62251095322e49d1ecde4dfb194707fe1e978e36f940755ac6"}},{"citation":"715-70-55-8","para":"55-8","html":"
The employer shall report the portion of the unallocated assets of the plan that consist of employer common stock as treasury stock in the employer's financial statements.
","snippet":"The employer shall report the portion of the unallocated assets of the plan that consist of employer common stock as treasury stock in the employer's financial statements.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ee39da00c3488ae25f3aeb05279ecc4c90603ffb8347914651671cc8522afeea","downloaded_from":"2026-09-10T01:01:13.649Z","last_downloaded_at":"2026-09-10T01:01:13.649Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480770","source_sha256":"42164d384cd1ff62251095322e49d1ecde4dfb194707fe1e978e36f940755ac6"}},{"citation":"715-70-55-9","para":"55-9","html":"
With respect to the employer's own debt securities and a third party's debt securities the employer shall report the portion of the unallocated assets of the plan that consist of employer debt securities as an asset rather than as an extinguishment of debt. This Subtopic applies only to employer debt securities included in the unallocated assets of a defined contribution plan and shall not apply to other circumstances in which an entity acquires its own debt securities. Debt securities, both of third parties and of the employer, included in the unallocated assets of a defined contribution plan shall be measured at the lower of cost or fair value with any write-downs reflected in the income statement.
","snippet":"With respect to the employer's own debt securities and a third party's debt securities the employer shall report the portion of the unallocated assets of the plan that consist of employer debt securities as an asset rath…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3b148717ed9bd9a812e0ffa77fca6fa24c21bfb7ff6b6080354b819538ab0206","downloaded_from":"2026-09-10T01:01:13.649Z","last_downloaded_at":"2026-09-10T01:01:13.649Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480770","source_sha256":"42164d384cd1ff62251095322e49d1ecde4dfb194707fe1e978e36f940755ac6"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:19526dd78a5b02337e14629c8a43834301417c2388961b846ed09c0f87c73d02","downloaded_from":"2026-09-10T01:01:13.649Z","last_downloaded_at":"2026-09-10T01:01:13.649Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480770","source_sha256":"42164d384cd1ff62251095322e49d1ecde4dfb194707fe1e978e36f940755ac6"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:34eb6d15297d4809256a46dc03051bbff20a4a0a3a5c38dd4285079f0af50a04","downloaded_from":"2026-09-10T01:01:13.649Z","last_downloaded_at":"2026-09-10T01:01:13.649Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480770","source_sha256":"42164d384cd1ff62251095322e49d1ecde4dfb194707fe1e978e36f940755ac6"}}],"enrichment":{"summary":"ASC 715-70 governs employer accounting and disclosure for defined contribution pension and other postretirement benefit plans—plans that provide an individual account for each participant and benefits based only on contributions plus returns. The core rule is that net periodic cost equals the contribution called for in the period in which the employee renders service (715-70-35-1), with costs accrued during the service period if contributions relate to periods after retirement or termination. Plans with characteristics of both defined benefit and defined contribution plans must be accounted for based on their substance (715-70-15-2).","key_points":["An employer's obligation is fully satisfied when the period's contribution is made, provided costs are not deferred and recognized after the related service period (715-70-05-2).","Net pension or other postretirement benefit cost for a period is the contribution called for in that period; contributions called for after retirement or termination must be accrued during the employee's service period (715-70-35-1).","If a plan has characteristics of both a defined benefit and defined contribution plan and its substance is to provide a defined benefit (e.g., some target benefit plans), account for it under Subtopic 715-30 or 715-60 and disclose per 715-20-50-1 and 715-20-50-5 (715-70-15-2).","Employers must disclose defined contribution plan cost for all periods presented separately from defined benefit cost, plus the nature and effect of significant changes affecting comparability such as a change in contribution rate, a business combination, or a divestiture (715-70-50-1).","A floor-offset arrangement—where account balances in a defined contribution plan reduce the employer's defined benefit obligation—is accounted for as two separate plans, not one (715-70-55-2 through 55-3).","Assets contributed in excess of the required annual contribution and held in a suspense account pending allocation are recorded as an employer asset (the employer retains the risks and rewards), with compensation expense recognized when the plan makes the allocation, measured at fair value at that time (715-70-55-4 through 55-7).","Unallocated employer common stock in the plan is reported as treasury stock; unallocated employer and third-party debt securities are reported as assets (not debt extinguishment) measured at the lower of cost or fair value (715-70-55-8 through 55-9)."],"categories":["Compensation and benefits","Recognition","Disclosure","Subsequent measurement"],"audience_level":"intermediate","student_note":"Exams love the contrast: defined contribution cost is simply the contribution owed for the period—no actuarial assumptions, no funded status on the balance sheet—whereas defined benefit accounting under 715-30/715-60 is far more complex. The classic trap is assuming a plan labeled \"defined contribution\" is one; substance controls (target benefit and floor-offset arrangements must be analyzed carefully, and floor-offset arrangements are two separate plans).","related_topics":["715-10","715-20","715-30","715-60","320-10","321-10"],"key_concepts":["defined contribution plan","net periodic benefit cost","individual participant accounts","floor-offset plan","target benefit plan","unallocated suspense account assets","postretirement health care accounts","treasury stock presentation"],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:bb789a6790bfc8635e7ed3af9da6d84548aac47e7f471d06f5c22135abe95514","downloaded_from":"2026-09-10T01:00:58.143Z","last_downloaded_at":"2026-09-10T01:01:17.755Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},"related":[{"number":"715-80","title":"Multiemployer Plans","topic_title":"Compensation—Retirement Benefits","score":0.8237,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:974b0506263b9c3bbcfdf9b67d8c1e6962342e3c7416db92c501bfe042e4ebb6","downloaded_from":"2026-09-10T01:01:21.184Z","last_downloaded_at":"2026-09-10T01:01:50.542Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"715-60","title":"Defined Benefit Plans—Other Postretirement","topic_title":"Compensation—Retirement Benefits","score":0.8163,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:7284c51263d2eeef662269ec323359d6585ea61239260b70a6f86009ded9dd9c","downloaded_from":"2026-09-10T01:00:25.988Z","last_downloaded_at":"2026-09-10T01:00:54.564Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"715-10","title":"Overall","topic_title":"Compensation—Retirement Benefits","score":0.8112,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e0125c717ed45ea8168b01ed43d3fc32d5ed8839d3c2c72245ff80df9264ed7b","downloaded_from":"2026-09-10T00:58:45.119Z","last_downloaded_at":"2026-09-10T00:58:58.564Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"960-30","title":"Net Assets Available for Plan Benefits","topic_title":"Plan Accounting—Defined Benefit Pension Plans","score":0.805,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c963e970519a34924f47a9cd775a9e29581ab7b47515917c30b2e9b538b4a0f9","downloaded_from":"2026-09-10T02:23:06.305Z","last_downloaded_at":"2026-09-10T02:23:25.079Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"962-10","title":"Overall","topic_title":"Plan Accounting—Defined Contribution Pension Plans","score":0.7967,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b693c0a3ae364376545f99f8fe0200c5edb4c727c1496ecf87e9bb4568c3e06e","downloaded_from":"2026-09-10T02:23:49.997Z","last_downloaded_at":"2026-09-10T02:24:03.800Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"715-20","title":"Defined Benefit Plans—General","topic_title":"Compensation—Retirement Benefits","score":0.7931,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:eec99e6c9935241ae8cf616c3e0fb7a7b031da2ca19c1e95d85f874c24aebbaa","downloaded_from":"2026-09-10T00:59:02.764Z","last_downloaded_at":"2026-09-10T00:59:47.246Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}}],"prev":{"number":"715-60","title":"Defined Benefit Plans—Other Postretirement","topic_title":"Compensation—Retirement Benefits","provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:6253d36c0e95377782f2c8f884cba14c2d29d813d8ae5f149a573849722140a9","downloaded_from":"2026-09-10T01:00:25.988Z","last_downloaded_at":"2026-09-10T01:00:54.564Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},"next":{"number":"715-80","title":"Multiemployer Plans","topic_title":"Compensation—Retirement Benefits","provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:fb1e8da8e17e8a6f9c54267f35af908cca6d352eded707844ede58ac5b735b5a","downloaded_from":"2026-09-10T01:01:21.184Z","last_downloaded_at":"2026-09-10T01:01:50.542Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1ba7a48dadbf9e895541d5af02d41c0ee0f1a7740e03fded8307949fea81e91d","downloaded_from":"2026-09-10T01:00:58.143Z","last_downloaded_at":"2026-09-10T01:01:17.755Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"715-80","topic":"715","title":"Multiemployer Plans","area":"Expenses","paragraphs":30,"summary":"ASC 715-80 governs an employer's accounting and disclosure for participation in multiemployer pension and other postretirement benefit plans — plans to which two or more unrelated employers contribute, usually under collective-bargaining agreements. The core rule is defined-contribution-like: the employer recognizes as net pension (or net periodic postretirement benefit) cost the required contribution for the period, including cash and the fair value of noncash contributions, and recognizes a liability only for unpaid required contributions (715-80-35-1). Extensive plan-by-plan disclosures (zone status, EIN, contributions, collective-bargaining agreement expirations, withdrawal exposure) are required so users can assess the distinctive risks of multiemployer participation.","concepts":["multiemployer plan","required contribution","withdrawal liability","pension protection act zone status","collective-bargaining agreement","multiple-employer plan","funding improvement or rehabilitation plan","successor plan"],"categories":["Compensation and benefits","Disclosure","Recognition","Contingencies and guarantees"],"level":"intermediate","topic_title":"Compensation—Retirement Benefits","sections":[{"number":"00","label":"00 Status","anchor":"00-status","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"715-80-00-1","para":"00-1","html":"
The following table identifies the changes made to this Subtopic.
Paragraph Action Accounting Standards Update Date
Nonpublic Entity Added Accounting Standards Update No. 2011-09 09/21/2011
Pension Benefits Added Accounting Standards Update No. 2011-09 09/21/2011
Postretirement Benefits Other Than Pensions Added Accounting Standards Update No. 2011-09 09/21/2011
Single-Employer Plan Added Accounting Standards Update No. 2011-09 09/21/2011
Single-Employer Plan (1st def.) Added Accounting Standards Update No. 2014-06 03/14/2014
Single-Employer Plan (2nd def.) Superseded Accounting Standards Update No. 2014-06 03/14/2014
715-80-35-1 Amended Accounting Standards Update No. 2012-04 10/01/2012
715-80-50-1 Superseded Accounting Standards Update No. 2011-09 09/21/2011
715-80-50-2 Amended Accounting Standards Update No. 2011-09 09/21/2011
715-80-50-3 through 50-11
 Added Accounting Standards Update No. 2011-09 09/21/2011
715-80-50-4 Amended Accounting Standards Update No. 2014-06 03/14/2014
715-80-50-5 Amended Accounting Standards Update No. 2015-10 06/12/2015
715-80-55-6 through 55-8
 Added Accounting Standards Update No. 2011-09 09/21/2011
715-80-65-1 Added Accounting Standards Update No. 2011-09 09/21/2011
","snippet":"The following table identifies the changes made to this Subtopic.\nParagraph | Action | Accounting Standards Update | Date |\n| | | |\nNonpublic Entity | Added | Accounting Standards Update No. 2011-09 | 09/21/2011 |\nPensio…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:bb189f14e0b08fe7209e6af4d55754338afa9b6cf07f875a134e78052da777fe","downloaded_from":"2026-09-10T01:01:21.184Z","last_downloaded_at":"2026-09-10T01:01:21.184Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480721","source_sha256":"21995099765ddcb08f52f235cb045a2073325360ab2eeaf2491becc6d3be373e"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:5f9625a83dc2f56d3d7391a6502df88283f34f8df53d5d7d69385c9fc1439cc5","downloaded_from":"2026-09-10T01:01:21.184Z","last_downloaded_at":"2026-09-10T01:01:21.184Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480721","source_sha256":"21995099765ddcb08f52f235cb045a2073325360ab2eeaf2491becc6d3be373e"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0abfe5a7bd488a795ef7f0a720870dab9671ed43db07e258e29cc969dd16a20c","downloaded_from":"2026-09-10T01:01:21.184Z","last_downloaded_at":"2026-09-10T01:01:21.184Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480721","source_sha256":"21995099765ddcb08f52f235cb045a2073325360ab2eeaf2491becc6d3be373e"}},{"number":"05","label":"05 Overview and Background","anchor":"05-overview-and-background","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"715-80-05-1","para":"05-1","html":"
This Subtopic provides guidance on the accounting and reporting of multiemployer pension and other postretirement benefit plans. For purposes of this Subtopic, a multiemployer plan is a pension plan or other postretirement benefit plan to which two or more unrelated employers contribute, usually pursuant to one or more collective-bargaining agreements.
","snippet":"This Subtopic provides guidance on the accounting and reporting of multiemployer pension and other postretirement benefit plans. For purposes of this Subtopic, a multiemployer plan is a pension plan or other postretireme…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d87d4195410795795864cbb40281ad5af39b47fb554c3695e748b8cf1315fc9f","downloaded_from":"2026-09-10T01:01:23.025Z","last_downloaded_at":"2026-09-10T01:01:23.025Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480689","source_sha256":"105c4d5b01bf114966f815277581f61cc20aac09855037080c364a3c4483c0fd"}},{"citation":"715-80-05-2","para":"05-2","html":"
In a multiemployer setting, eligibility for benefits is defined by the plan; retired employees continue to receive benefits whether or not their former employers continue to contribute to the plan.
","snippet":"In a multiemployer setting, eligibility for benefits is defined by the plan; retired employees continue to receive benefits whether or not their former employers continue to contribute to the plan.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:6654af355a000156e63d4beb5aa247ecf547931c41327ba85feedf9d7c15347e","downloaded_from":"2026-09-10T01:01:23.025Z","last_downloaded_at":"2026-09-10T01:01:23.025Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480689","source_sha256":"105c4d5b01bf114966f815277581f61cc20aac09855037080c364a3c4483c0fd"}},{"citation":"715-80-05-3","para":"05-3","html":"
However, in a multiemployer postretirement benefit plan, plan participants not yet eligible for benefits may lose accumulated postretirement benefits if their current or former employer withdraws from a plan unless they take or have a job with other employers who participate in the plan.
","snippet":"However, in a multiemployer postretirement benefit plan, plan participants not yet eligible for benefits may lose accumulated postretirement benefits if their current or former employer withdraws from a plan unless they …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9d102569c58f378f40b329a2b3c9cefda4d3eff7f412e779cacef92a1fe85c4c","downloaded_from":"2026-09-10T01:01:23.025Z","last_downloaded_at":"2026-09-10T01:01:23.025Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480689","source_sha256":"105c4d5b01bf114966f815277581f61cc20aac09855037080c364a3c4483c0fd"}},{"citation":"715-80-05-4","para":"05-4","html":"
While the postretirement benefit plan may have the option of canceling the accrued service credits that apply toward the required service, within the bargaining unit, of plan participants who were employed by a withdrawing employer and who become or are employed by another participating employer, that rarely occurs because of the difficulty of matching employees to specific employers. For example, in certain industries, an employee may work for more than one employer in a single day and different employers on different days, making it difficult to associate any portion of that employee's past service with a specific employer.
","snippet":"While the postretirement benefit plan may have the option of canceling the accrued service credits that apply toward the required service, within the bargaining unit, of plan participants who were employed by a withdrawi…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:97ae96f1da38a4d363fffd37c247cef27f29cd0a4d2b86a4cc1893c9d0117d2b","downloaded_from":"2026-09-10T01:01:23.025Z","last_downloaded_at":"2026-09-10T01:01:23.025Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480689","source_sha256":"105c4d5b01bf114966f815277581f61cc20aac09855037080c364a3c4483c0fd"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b60690f0c33e555ff1fa893ee08a88a71fa41193ccf68a923db9b4bd9382a9c9","downloaded_from":"2026-09-10T01:01:23.025Z","last_downloaded_at":"2026-09-10T01:01:23.025Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480689","source_sha256":"105c4d5b01bf114966f815277581f61cc20aac09855037080c364a3c4483c0fd"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:918eef8046a1c3038f75a15ddd17077abce29cc10e7d6e996ff54bd006706fbe","downloaded_from":"2026-09-10T01:01:23.025Z","last_downloaded_at":"2026-09-10T01:01:23.025Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480689","source_sha256":"105c4d5b01bf114966f815277581f61cc20aac09855037080c364a3c4483c0fd"}},{"number":"15","label":"15 Scope and Scope Exceptions","anchor":"15-scope-and-scope-exceptions","is_sec":false,"groups":[{"block":null,"heading":"Overall Guidance","paragraphs":[{"citation":"715-80-15-1","para":"15-1","html":"
This Subtopic follows the same Scope and Scope Exceptions as outlined in the Overall Subtopic, see Section 715-10-15, with specific exceptions and qualifications noted below.
","snippet":"This Subtopic follows the same Scope and Scope Exceptions as outlined in the Overall Subtopic, see Section 715-10-15, with specific exceptions and qualifications noted below.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:629767baf46509920c1f6e03722cfd01cf7307b3798378f2a8a85357214f553f","downloaded_from":"2026-09-10T01:01:25.680Z","last_downloaded_at":"2026-09-10T01:01:25.680Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480666","source_sha256":"daa6f05d24696272fa108186f009ebf14ba6c4e3bc81cd972189d7b1b3a6a232"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1922a79d82bee4c55510330079ea30902a489fea985310d2e9eb9eae667fd391","downloaded_from":"2026-09-10T01:01:25.680Z","last_downloaded_at":"2026-09-10T01:01:25.680Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480666","source_sha256":"daa6f05d24696272fa108186f009ebf14ba6c4e3bc81cd972189d7b1b3a6a232"}},{"block":null,"heading":"Transactions","paragraphs":[{"citation":"715-80-15-2","para":"15-2","html":"
The guidance in this Subtopic applies to all multiemployer pension or other postretirement benefit plans.
","snippet":"The guidance in this Subtopic applies to all multiemployer pension or other postretirement benefit plans.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ed6c78cb7b1727274a1979a89a8210faeb4ed31967b41ffa11e984f2eae08621","downloaded_from":"2026-09-10T01:01:25.680Z","last_downloaded_at":"2026-09-10T01:01:25.680Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480666","source_sha256":"daa6f05d24696272fa108186f009ebf14ba6c4e3bc81cd972189d7b1b3a6a232"}},{"citation":"715-80-15-3","para":"15-3","html":"
The guidance in this Subtopic does not apply to multiple-employer plans - as distinguished from multiemployer plans. Multiple-employer plans are in substance aggregations of single-employer plans, combined to allow participating employers to pool plan assets for investment purposes or to reduce the costs of plan administration. Those plans ordinarily do not involve collective-bargaining agreements. They may also have features that allow participating employers to have different benefit formulas, with the employer's contributions to the plan based on the benefit formula selected by the employer.
","snippet":"The guidance in this Subtopic does not apply to multiple-employer plans - as distinguished from multiemployer plans. Multiple-employer plans are in substance aggregations of single-employer plans, combined to allow parti…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ecc5b4ff1314162acb77e33782125ea99955b3b05070dbbf70d0edfcd7e1670d","downloaded_from":"2026-09-10T01:01:25.680Z","last_downloaded_at":"2026-09-10T01:01:25.680Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480666","source_sha256":"daa6f05d24696272fa108186f009ebf14ba6c4e3bc81cd972189d7b1b3a6a232"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:5805b7a03b9c84ec4f87895f2fac11a412859e7f590d3064216923be6ef4ac94","downloaded_from":"2026-09-10T01:01:25.680Z","last_downloaded_at":"2026-09-10T01:01:25.680Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480666","source_sha256":"daa6f05d24696272fa108186f009ebf14ba6c4e3bc81cd972189d7b1b3a6a232"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a9aefe160d034958a9dd669b5d47021318b0ad6487b4d84fde6033a8bb77c1ee","downloaded_from":"2026-09-10T01:01:25.680Z","last_downloaded_at":"2026-09-10T01:01:25.680Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480666","source_sha256":"daa6f05d24696272fa108186f009ebf14ba6c4e3bc81cd972189d7b1b3a6a232"}},{"number":"35","label":"35 Subsequent Measurement","anchor":"35-subsequent-measurement","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"715-80-35-1","para":"35-1","html":"
An employer participating in a multiemployer plan shall recognize as net pension cost or net periodic postretirement benefit cost the required contribution for the period, which shall include both cash and the fair value of noncash contributions, and shall recognize as a liability any unpaid contributions required for the period.
","snippet":"An employer participating in a multiemployer plan shall recognize as net pension cost or net periodic postretirement benefit cost the required contribution for the period, which shall include both cash and the fair value…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e5794a058e8c1d908933ed2a6d887519c82a1f7f7213e540acf739e7fd7a057a","downloaded_from":"2026-09-10T01:01:32.535Z","last_downloaded_at":"2026-09-10T01:01:32.535Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480606","source_sha256":"66ccf82bc22d96ecaef6a7f510f5098f750fd15427bc8487dbfa3bd97fcbcc48"}},{"citation":"715-80-35-2","para":"35-2","html":"
In some situations, withdrawal from a multiemployer plan may result in an employer having an obligation to the plan for a portion of the unfunded benefit obligation of the pension or other postretirement benefit plans. If withdrawal under circumstances that would give rise to an obligation is either probable or reasonably possible, the provisions of Topic 450 shall apply.
","snippet":"In some situations, withdrawal from a multiemployer plan may result in an employer having an obligation to the plan for a portion of the unfunded benefit obligation of the pension or other postretirement benefit plans. I…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:477b71d9f7f99a231beb4fa9d89099ccdf7267d5725f650e9becb7c38ae66de5","downloaded_from":"2026-09-10T01:01:32.535Z","last_downloaded_at":"2026-09-10T01:01:32.535Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480606","source_sha256":"66ccf82bc22d96ecaef6a7f510f5098f750fd15427bc8487dbfa3bd97fcbcc48"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:928844b93fac2158492c7b30d69b94295a76a388c189918175e26a03a421ae6b","downloaded_from":"2026-09-10T01:01:32.535Z","last_downloaded_at":"2026-09-10T01:01:32.535Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480606","source_sha256":"66ccf82bc22d96ecaef6a7f510f5098f750fd15427bc8487dbfa3bd97fcbcc48"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:4b305ecdb456bf92382eb4677591875f35b3e824fd45797fa6484ecdc312429a","downloaded_from":"2026-09-10T01:01:32.535Z","last_downloaded_at":"2026-09-10T01:01:32.535Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480606","source_sha256":"66ccf82bc22d96ecaef6a7f510f5098f750fd15427bc8487dbfa3bd97fcbcc48"}},{"number":"50","label":"50 Disclosure","anchor":"50-disclosure","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"715-80-50-1","para":"50-1","html":"
Paragraph superseded by Accounting Standards Update No. 2011-09.
","snippet":"Paragraph superseded by Accounting Standards Update No. 2011-09.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:23a97dd5037378d7af76f8e8e993d20b45b8be8412861eb574644e7995d19728","downloaded_from":"2026-09-10T01:01:36.483Z","last_downloaded_at":"2026-09-10T01:01:36.483Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480576","source_sha256":"c837fb38e0d2f74bb2eba3148e270995d6632234e64f6f14b0676ba3bd701511"}},{"citation":"715-80-50-2","para":"50-2","html":"
An employer shall apply the provisions of Topic 450 to its participation in a multiemployer plan if it is either probable or reasonably possible that either of the following would occur:
  1. a
    An employer would withdraw from the plan under circumstances that would give rise to an obligation.
  2. b
    An employer's contribution to the fund would be increased during the remainder of the contract period to make up a shortfall in the funds necessary to maintain the negotiated level of benefit coverage (a maintenance of benefits clause).
","snippet":"An employer shall apply the provisions of Topic 450 to its participation in a multiemployer plan if it is either probable or reasonably possible that either of the following would occur:\n(a) An employer would withdraw fr…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0fcdd2ff270e02fd39a53d4c752b9af1b6cf8282b0bf2576c58dd45df2969edb","downloaded_from":"2026-09-10T01:01:36.483Z","last_downloaded_at":"2026-09-10T01:01:36.483Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480576","source_sha256":"c837fb38e0d2f74bb2eba3148e270995d6632234e64f6f14b0676ba3bd701511"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3161014d00d4254b9ce6e8b2fb30cf62e977e635a1e80729a1568034afbb73c4","downloaded_from":"2026-09-10T01:01:36.483Z","last_downloaded_at":"2026-09-10T01:01:36.483Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480576","source_sha256":"c837fb38e0d2f74bb2eba3148e270995d6632234e64f6f14b0676ba3bd701511"}},{"block":null,"heading":"Multiemployer Plans That Provide Pension Benefits","paragraphs":[{"citation":"715-80-50-3","para":"50-3","html":"
An employer shall provide the disclosures required by paragraphs
715-80-50-4 through 50-10
in annual financial statements. The disclosures of the employer's contributions made to the plan in paragraphs 715-80-50-4 through 50-10 include all items recognized as net pension costs (see paragraph 715-80-35-1). The disclosures based on the most recently available information shall be the most recently available through the date at which the employer has evaluated subsequent events.
","snippet":"An employer shall provide the disclosures required by paragraphs 715-80-50-4 through 50-10 in annual financial statements. The disclosures of the employer's contributions made to the plan in paragraphs 715-80-50-4 throug…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:7a527311ed68f8d095cf38ce9c1ce35564e8b1b7552f324e719f06804ef1a68d","downloaded_from":"2026-09-10T01:01:36.483Z","last_downloaded_at":"2026-09-10T01:01:36.483Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480576","source_sha256":"c837fb38e0d2f74bb2eba3148e270995d6632234e64f6f14b0676ba3bd701511"}},{"citation":"715-80-50-4","para":"50-4","html":"
An employer that participates in a multiemployer plan that provides pension benefits shall provide a narrative description both of the general nature of the multiemployer plans that provide pension benefits and of the employer's participation in the plans that would indicate how the risks of participating in these plans are different from single-employer plans.
","snippet":"An employer that participates in a multiemployer plan that provides pension benefits shall provide a narrative description both of the general nature of the multiemployer plans that provide pension benefits and of the em…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:793f23328f780f698f298e26c97fe10ba11ed8a967ab1adc48b84cf0b89a63f5","downloaded_from":"2026-09-10T01:01:36.483Z","last_downloaded_at":"2026-09-10T01:01:36.483Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480576","source_sha256":"c837fb38e0d2f74bb2eba3148e270995d6632234e64f6f14b0676ba3bd701511"}},{"citation":"715-80-50-5","para":"50-5","html":"
When feasible, the information required by this paragraph shall be provided in a tabular format. Information that requires greater narrative description may be provided outside the table. For each individually significant multiemployer plan that provides pension benefits, an employer shall disclose the following:
  1. a
    Legal name of the plan.
  2. b
    The plan's Employer Identification Number and, if available, its plan number.
  3. c
    For each statement of financial position presented, the most recently available certified zone status provided by the plan, as currently defined by the Pension Protection Act of 2006 or a subsequent amendment of that Act. The disclosure shall specify the date of the plan's year-end to which the zone status relates and whether the plan has utilized any extended amortization provisions that affect the calculation of the zone status. If the zone status is not available, an employer shall disclose, as of the most recent date available, on the basis of the financial statements provided by the plan, the total plan assets and accumulated benefit obligations, whether the plan was:
    1. 1
      Less than 65 percent funded
    2. 2
      Between 65 percent and 80 percent funded
    3. 3
      At least 80 percent funded.
  4. d
    The expiration date(s) of the collective-bargaining agreement(s) requiring contributions to the plan, if any. If more than one collective-bargaining agreement applies to the plan, the employer shall provide a range of the expiration dates of those agreements, supplemented with a qualitative description that identifies the significant collective-bargaining agreements within that range as well as other information to help investors understand the significance of the collective-bargaining agreements and when they expire (for example, the portion of employees covered by each agreement or the portion of contributions required by each agreement).
  5. e
    For each period that a statement of income (statement of activities for a not-for-profit entity) is presented:
    1. 1
      The employer's contributions made to the plan
    2. 2
      Whether the employer's contributions represent more than 5 percent of total contributions to the plan as indicated in the plan's most recently available annual report (Form 5500 for U.S. plans). The disclosure shall specify the year-end date of the plan to which the annual report relates.
  6. f
    As of the end of the most recent annual period presented:
    1. 1
      Whether a funding improvement plan or rehabilitation plan (for example, as those terms are defined by the Employment Retirement Security Act of 1974) had been implemented or was pending
    2. 2
      Whether the employer paid a surcharge to the plan
    3. 3
      A description of any minimum contribution(s), required for future periods by the collective-bargaining agreement(s), statutory obligations, or other contractual obligations, if applicable.
Factors other than the amount of the employer's contribution to a plan, for example, the severity of the underfunded status of the plan, may need to be considered when determining whether a plan is significant.
","snippet":"When feasible, the information required by this paragraph shall be provided in a tabular format. Information that requires greater narrative description may be provided outside the table. For each individually significan…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:044224ec0066026d56dbd12ab671ed88dd2e465c1f6dcc766235a4fe178fa91f","downloaded_from":"2026-09-10T01:01:36.483Z","last_downloaded_at":"2026-09-10T01:01:36.483Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480576","source_sha256":"c837fb38e0d2f74bb2eba3148e270995d6632234e64f6f14b0676ba3bd701511"}},{"citation":"715-80-50-6","para":"50-6","html":"
An employer shall provide a description of the nature and effect of any significant changes that affect comparability of total employer contributions from period to period, such as:
  1. a
    A business combination or a divestiture
  2. b
    A change in the contractual employer contribution rate
  3. c
    A change in the number of employees covered by the plan during each year.
","snippet":"An employer shall provide a description of the nature and effect of any significant changes that affect comparability of total employer contributions from period to period, such as:\n(a) A business combination or a divest…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:95936fb81f2c74bbe80080e4d622cd8ea65d570849b2408d433c6ae4caf2eba7","downloaded_from":"2026-09-10T01:01:36.483Z","last_downloaded_at":"2026-09-10T01:01:36.483Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480576","source_sha256":"c837fb38e0d2f74bb2eba3148e270995d6632234e64f6f14b0676ba3bd701511"}},{"citation":"715-80-50-7","para":"50-7","html":"
The requirements in paragraph 715-80-50-5 assume that the other information about the plan is available in the public domain. For example, for U.S. plans, the plan information in Form 5500 is publicly available. In circumstances in which plan level information is not available in the public domain, an employer shall disclose, in addition to the requirements of paragraphs
715-80-50-5 through 50-6
, the following information about each significant plan:
  1. a
    A description of the nature of the plan benefits
  2. b
    A qualitative description of the extent to which the employer could be responsible for the obligations of the plan, including benefits earned by employees during employment with another employer
  3. c
    Other quantitative information, to the extent available, as of the most recent date available, to help users understand the financial information about the plan, such as total plan assets, actuarial present value of accumulated plan benefits, and total contributions received by the plan.
If the quantitative information in paragraph 715-80-50-5(c), 715-80-50-5(e)(2), or 715-80-50-7(c) cannot be obtained without undue cost and effort, that quantitative information may be omitted and the employer shall describe what information has been omitted and why. In that circumstance, the employer also shall provide any qualitative information as of the most recent date available that would help users understand the financial information that otherwise is required to be disclosed about the plan.
","snippet":"The requirements in paragraph 715-80-50-5 assume that the other information about the plan is available in the public domain. For example, for U.S. plans, the plan information in Form 5500 is publicly available. In circu…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e37700c98a23c27a73c609c4c356424c6b4cd7ec5f9285286655e1a95842821d","downloaded_from":"2026-09-10T01:01:36.483Z","last_downloaded_at":"2026-09-10T01:01:36.483Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480576","source_sha256":"c837fb38e0d2f74bb2eba3148e270995d6632234e64f6f14b0676ba3bd701511"}},{"citation":"715-80-50-8","para":"50-8","html":"
Disclosures about multiemployer plans that are subject to the guidance in the preceding paragraph shall be included in a separate section of the tabular disclosure required by paragraph 715-80-50-5.
","snippet":"Disclosures about multiemployer plans that are subject to the guidance in the preceding paragraph shall be included in a separate section of the tabular disclosure required by paragraph 715-80-50-5.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c76a2e001fc67662307bd23b58ab294f5e36aed62ebe58953a5f4b3cfc92b70f","downloaded_from":"2026-09-10T01:01:36.483Z","last_downloaded_at":"2026-09-10T01:01:36.483Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480576","source_sha256":"c837fb38e0d2f74bb2eba3148e270995d6632234e64f6f14b0676ba3bd701511"}},{"citation":"715-80-50-9","para":"50-9","html":"
In addition to the information about the significant multiemployer plans that provide pension benefits required by paragraphs 715-80-50-5 and 715-80-50-7, an employer shall disclose in a tabular format for each annual period for which a statement of income or statement of activities is presented, both of the following:
  1. a
    Its total contributions made to all plans that are not individually significant
  2. b
    Its total contributions made to all plans.
","snippet":"In addition to the information about the significant multiemployer plans that provide pension benefits required by paragraphs 715-80-50-5 and 715-80-50-7, an employer shall disclose in a tabular format for each annual pe…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:cc7dd4be4b6274a7af527fe155c7a151ee6c8a3476b0ef26871906f56054c1fe","downloaded_from":"2026-09-10T01:01:36.483Z","last_downloaded_at":"2026-09-10T01:01:36.483Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480576","source_sha256":"c837fb38e0d2f74bb2eba3148e270995d6632234e64f6f14b0676ba3bd701511"}},{"citation":"715-80-50-10","para":"50-10","html":"
See Example 1 (paragraph 715-80-55-6) for an illustration of the application of the disclosure requirements in paragraphs
715-80-50-4 through 50-9
).
","snippet":"See Example 1 (paragraph 715-80-55-6) for an illustration of the application of the disclosure requirements in paragraphs 715-80-50-4 through 50-9).","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2a0900391305a45c9a60485e1a7131db9918d901987261dcf0c8e6bcd01d6611","downloaded_from":"2026-09-10T01:01:36.483Z","last_downloaded_at":"2026-09-10T01:01:36.483Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480576","source_sha256":"c837fb38e0d2f74bb2eba3148e270995d6632234e64f6f14b0676ba3bd701511"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ca496bd8bff9f04e6653ad68380c06116a7a6547599f93da76b350d54a33161e","downloaded_from":"2026-09-10T01:01:36.483Z","last_downloaded_at":"2026-09-10T01:01:36.483Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480576","source_sha256":"c837fb38e0d2f74bb2eba3148e270995d6632234e64f6f14b0676ba3bd701511"}},{"block":null,"heading":"Multiemployer Plans That Provide Postretirement Benefits Other Than Pensions","paragraphs":[{"citation":"715-80-50-11","para":"50-11","html":"
An employer shall disclose the amount of contributions to multiemployer plans that provide postretirement benefits other than pensions for each annual period for which a statement of income or statement of activities is presented. The disclosures shall include a description of the nature and effect of any changes that affect comparability of total employer contributions from period to period, such as:
  1. a
    A business combination or a divestiture
  2. b
    A change in the contractual employer contribution rate
  3. c
    A change in the number of employees covered by the plan during each year.
The disclosures also shall include a description of the nature of the benefits and the types of employees covered by these benefits, such as medical benefits provided to active employees and retirees.
","snippet":"An employer shall disclose the amount of contributions to multiemployer plans that provide postretirement benefits other than pensions for each annual period for which a statement of income or statement of activities is …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:27f60273f38f35ce9ff6cdc051f34c9b44be7fc9b83835806f96e5b78cf44992","downloaded_from":"2026-09-10T01:01:36.483Z","last_downloaded_at":"2026-09-10T01:01:36.483Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480576","source_sha256":"c837fb38e0d2f74bb2eba3148e270995d6632234e64f6f14b0676ba3bd701511"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:fcec2f2ac68a5872ad00176812edb6577d7cc88b86458c4dd17f706534b9b9ee","downloaded_from":"2026-09-10T01:01:36.483Z","last_downloaded_at":"2026-09-10T01:01:36.483Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480576","source_sha256":"c837fb38e0d2f74bb2eba3148e270995d6632234e64f6f14b0676ba3bd701511"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:dbd51bd27222313267606c591f12b729482bda2e49d8945d3d1747b8d52c580e","downloaded_from":"2026-09-10T01:01:36.483Z","last_downloaded_at":"2026-09-10T01:01:36.483Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480576","source_sha256":"c837fb38e0d2f74bb2eba3148e270995d6632234e64f6f14b0676ba3bd701511"}},{"number":"55","label":"55 Implementation Guidance and Illustrations","anchor":"55-implementation-guidance-and-illustrations","is_sec":false,"groups":[{"block":null,"heading":"Implementation Guidance","paragraphs":[{"citation":"715-80-55-1","para":"55-1","html":"
This Section, which is an integral part of the requirements of this Subtopic, provides general guidance related to accounting and disclosure requirements of multiemployer pension and other postretirement benefit plans.
","snippet":"This Section, which is an integral part of the requirements of this Subtopic, provides general guidance related to accounting and disclosure requirements of multiemployer pension and other postretirement benefit plans.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1d294c3e54d1c80f0117b3b706fc3df8b1322c3471a17562467380faadbbd2f7","downloaded_from":"2026-09-10T01:01:39.176Z","last_downloaded_at":"2026-09-10T01:01:39.176Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480547","source_sha256":"4af2dfc198ddfc9d45a4b3d583e3fcab7340d903ab63c1491bd3531b8b6571d5"}},{"citation":"715-80-55-2","para":"55-2","html":"
An employer participates in a multiemployer defined benefit pension plan. When the employer enters the plan or improves benefits under the plan, the employer unconditionally promises to pay certain future contributions to the plan and executes an agreement that specifies the amounts of those future contributions. The amounts of those future contributions are calculated based on the plan's prior service cost associated with the participants entering the plan or the improved benefits. In return, the plan unconditionally promises to pay retirement benefits to the employer's covered participants in the plan. The existence of the executed agreement does not require that a liability be reported beyond any contributions currently due and unpaid.
","snippet":"An employer participates in a multiemployer defined benefit pension plan. When the employer enters the plan or improves benefits under the plan, the employer unconditionally promises to pay certain future contributions t…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2eba398ba2e805ac240529cc057f6ee9dd61bad88f50e56cb9b8399278742f09","downloaded_from":"2026-09-10T01:01:39.176Z","last_downloaded_at":"2026-09-10T01:01:39.176Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480547","source_sha256":"4af2dfc198ddfc9d45a4b3d583e3fcab7340d903ab63c1491bd3531b8b6571d5"}},{"citation":"715-80-55-3","para":"55-3","html":"
A multiemployer plan shall not be considered a substantially equivalent replacement plan (a successor plan) for an employer that terminates its single-employer defined benefit pension or other postretirement plan. Acceleration of the recognition as a component of net periodic postretirement benefit cost of prior service cost included in accumulated other comprehensive income would be required.
","snippet":"A multiemployer plan shall not be considered a substantially equivalent replacement plan (a successor plan) for an employer that terminates its single-employer defined benefit pension or other postretirement plan. Accele…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9e79e934b7c2cde6294d3a0103afec3061de1ac118e63e0f18ba00de09d85eb0","downloaded_from":"2026-09-10T01:01:39.176Z","last_downloaded_at":"2026-09-10T01:01:39.176Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480547","source_sha256":"4af2dfc198ddfc9d45a4b3d583e3fcab7340d903ab63c1491bd3531b8b6571d5"}},{"citation":"715-80-55-4","para":"55-4","html":"
The characteristics and the accounting for a multiemployer plan are sufficiently different from a single-employer plan that neither plan can be a successor plan for the other. The nature of the employer's promise is different in each plan. In a single-employer plan, the employer promises to provide defined benefits. In a multiemployer plan, the employer promises to make a defined contribution. That employees continue to render service is important only if the accounting for a defined benefit plan is being applied, which includes the deferred recognition in earnings of certain items. Because the unit of account is the individual plan, the termination of a single-employer defined benefit plan without replacing it with a successor defined benefit plan concludes the employer's ability to apply defined benefit plan accounting. Therefore, to continue to recognize the prior service cost as a component of net periodic postretirement benefit cost over future periods for the terminated plan in this situation is not appropriate.
","snippet":"The characteristics and the accounting for a multiemployer plan are sufficiently different from a single-employer plan that neither plan can be a successor plan for the other. The nature of the employer's promise is diff…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:09efcf22103f6058d70a9fa21a429f449c762c1a0f7222e4ec058b9eafc313f3","downloaded_from":"2026-09-10T01:01:39.176Z","last_downloaded_at":"2026-09-10T01:01:39.176Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480547","source_sha256":"4af2dfc198ddfc9d45a4b3d583e3fcab7340d903ab63c1491bd3531b8b6571d5"}},{"citation":"715-80-55-5","para":"55-5","html":"
An employer that has a single-employer postretirement benefit plan decides to provide health care benefits to its retirees through participation with several unrelated employers in a group postretirement health care benefit arrangement that does not result from collective bargaining. The arrangement is administered by an independent board of trustees and provides a uniform level of benefits to all retirees by utilizing group medical insurance contracts. Each participating employer is assessed an annual contribution for its share of insurance premiums, plus administrative costs, and may require its respective retirees to pay a portion of the annual assessment. Retirees whose former employer discontinues paying the annual assessment have the right to continue participation if they assume the cost of the annual premiums needed to maintain their existing benefits. The employer shall not account for this arrangement as a multiemployer plan. A characteristic of a multiemployer plan is that its obligation to retirees continues even if a former employer discontinues its participation in the plan. That characteristic is not present in the arrangement described.
","snippet":"An employer that has a single-employer postretirement benefit plan decides to provide health care benefits to its retirees through participation with several unrelated employers in a group postretirement health care bene…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d103e3cdffb5b5de22e6f3ec64259c784e502bf3fffca23962ea58c66250e0af","downloaded_from":"2026-09-10T01:01:39.176Z","last_downloaded_at":"2026-09-10T01:01:39.176Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480547","source_sha256":"4af2dfc198ddfc9d45a4b3d583e3fcab7340d903ab63c1491bd3531b8b6571d5"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:5eeb6c690635aefcc71197f8d9cbf673a2abb275576d697b3c69a97942e7ee32","downloaded_from":"2026-09-10T01:01:39.176Z","last_downloaded_at":"2026-09-10T01:01:39.176Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480547","source_sha256":"4af2dfc198ddfc9d45a4b3d583e3fcab7340d903ab63c1491bd3531b8b6571d5"}},{"block":null,"heading":"Illustrations","paragraphs":[{"citation":"715-80-55-6","para":"55-6","html":"
This Example illustrates certain, but not all, of the disclosure requirements in paragraphs
715-80-50-4 through 50-9
.
","snippet":"This Example illustrates certain, but not all, of the disclosure requirements in paragraphs 715-80-50-4 through 50-9.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b80d1b7c9560c06cc501d3ca533ca6eac822a01c3d7ee22e92f0bd2ee9ec0fa2","downloaded_from":"2026-09-10T01:01:39.176Z","last_downloaded_at":"2026-09-10T01:01:39.176Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480547","source_sha256":"4af2dfc198ddfc9d45a4b3d583e3fcab7340d903ab63c1491bd3531b8b6571d5"}},{"citation":"715-80-55-7","para":"55-7","html":"
Entity A contributes to a number of multiemployer defined benefit pension plans under the terms of collective-bargaining agreements that cover its union-represented employees. The risks of participating in these multiemployer plans are different from single-employer plans in the following aspects:
  1. a
    Assets contributed to the multiemployer plan by one employer may be used to provide benefits to employees of other participating employers.
  2. b
    If a participating employer stops contributing to the plan, the unfunded obligations of the plan may be borne by the remaining participating employers.
  3. c
    If Entity A chooses to stop participating in some of its multiemployer plans, Entity A may be required to pay those plans an amount based on the underfunded status of the plan, referred to as a withdrawal liability.
","snippet":"Entity A contributes to a number of multiemployer defined benefit pension plans under the terms of collective-bargaining agreements that cover its union-represented employees. The risks of participating in these multiemp…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:eaa03ea473a98387759c3dd580068d7dcb4510c2ca7e158cfb569c9954686241","downloaded_from":"2026-09-10T01:01:39.176Z","last_downloaded_at":"2026-09-10T01:01:39.176Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480547","source_sha256":"4af2dfc198ddfc9d45a4b3d583e3fcab7340d903ab63c1491bd3531b8b6571d5"}},{"citation":"715-80-55-8","para":"55-8","html":"
Entitiy A's participation in these plans for the annual period ended December 31, 20X0, is outlined in the table below. The \"EIN/Pension Plan Number\" column provides the Employer Identification Number (EIN) and the three-digit plan number, if applicable. Unless otherwise noted, the most recent Pension Protection Act (PPA) zone status available in 20X0 and 20X9 is for the plan's year-end at December 31, 20X9, and December 31, 20X8, respectively. The zone status is based on information that Entity A received from the plan and is certified by the plan's actuary. Among other factors, plans in the red zone are generally less than 65 percent funded, plans in the yellow zone are less than 80 percent funded, and plans in the green zone are at least 80 percent funded. The \"FIP/RP Status Pending/Implemented\" column indicates plans for which a financial improvement plan (FIP) or a rehabilitation plan (RP) is either pending or has been implemented. The last column lists the expiration date(s) of the collective-bargaining agreement(s) to which the plans are subject. Finally, the number of employees covered by Entity A's multiemployer plans decreased by 5 percent from 20X9 to 20X0, affecting the period-to-period comparability of the contributions for years 20X9 and 20X0. The significant reduction in covered employees corresponded to a reduction in overall business. There have been no significant changes that affect the comparability of 20X8 and 20X9 contributions. Entity A was listed in its plans' Forms 5500 as providing more than 5 percent of the total contributions for the following plans and plan years: At the date the financial statements were issued, Forms 5500 were not available for the plan years ending in 20X0.
","snippet":"Entitiy A's participation in these plans for the annual period ended December 31, 20X0, is outlined in the table below. The \"EIN/Pension Plan Number\" column provides the Employer Identification Number (EIN) and the three…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:384a287088d0f8bedc97ef9e8e30ad6342c9d0e37b497e2305f5c4b61571844a","downloaded_from":"2026-09-10T01:01:39.176Z","last_downloaded_at":"2026-09-10T01:01:39.176Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480547","source_sha256":"4af2dfc198ddfc9d45a4b3d583e3fcab7340d903ab63c1491bd3531b8b6571d5"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:fb8721a452a1e97bc966c77410104092a98ffee2b73556c892561c77046fa898","downloaded_from":"2026-09-10T01:01:39.176Z","last_downloaded_at":"2026-09-10T01:01:39.176Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480547","source_sha256":"4af2dfc198ddfc9d45a4b3d583e3fcab7340d903ab63c1491bd3531b8b6571d5"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b95459a3f0860ee70c994f533077c66fb95ceacf5f0844307b667f40c0a681c9","downloaded_from":"2026-09-10T01:01:39.176Z","last_downloaded_at":"2026-09-10T01:01:39.176Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480547","source_sha256":"4af2dfc198ddfc9d45a4b3d583e3fcab7340d903ab63c1491bd3531b8b6571d5"}},{"number":"65","label":"65 Transition and Open Effective Date Information","anchor":"65-transition-and-open-effective-date-information","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"715-80-65-1","para":"65-1","html":"
Paragraph superseded on 06/17/2013 after the end of the transition period stated in Accounting Standards Update No. 2011-09, Compensation—Retirement Benefits—Multiemployer Plans (Subtopic 715-80): Disclosures about an Employer's Participation in a Multiemployer Plan.
","snippet":"Paragraph superseded on 06/17/2013 after the end of the transition period stated in Accounting Standards Update No. 2011-09, Compensation—Retirement Benefits—Multiemployer Plans (Subtopic 715-80): Disclosures about an Em…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f834448673856657012f8f896c4fa8a74aa60ba664bed4416ce2a238d5921cb4","downloaded_from":"2026-09-10T01:01:48.488Z","last_downloaded_at":"2026-09-10T01:01:48.488Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480515","source_sha256":"3313348ee9558eb0730ff4b5d2899bbf6c48c5864909cf689ea2b782f38deeed"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c085a79b465bf5861bd566eeb006810daeed06467e8dd9300c6188e4de271709","downloaded_from":"2026-09-10T01:01:48.488Z","last_downloaded_at":"2026-09-10T01:01:48.488Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480515","source_sha256":"3313348ee9558eb0730ff4b5d2899bbf6c48c5864909cf689ea2b782f38deeed"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8096146efe0c42ac1a65ef323b3edce23ae09029ebe4d0503f2da1b231b3c09d","downloaded_from":"2026-09-10T01:01:48.488Z","last_downloaded_at":"2026-09-10T01:01:48.488Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480515","source_sha256":"3313348ee9558eb0730ff4b5d2899bbf6c48c5864909cf689ea2b782f38deeed"}}],"enrichment":{"summary":"ASC 715-80 governs an employer's accounting and disclosure for participation in multiemployer pension and other postretirement benefit plans — plans to which two or more unrelated employers contribute, usually under collective-bargaining agreements. The core rule is defined-contribution-like: the employer recognizes as net pension (or net periodic postretirement benefit) cost the required contribution for the period, including cash and the fair value of noncash contributions, and recognizes a liability only for unpaid required contributions (715-80-35-1). Extensive plan-by-plan disclosures (zone status, EIN, contributions, collective-bargaining agreement expirations, withdrawal exposure) are required so users can assess the distinctive risks of multiemployer participation.","key_points":["An employer recognizes as net pension cost or net periodic postretirement benefit cost the required contribution for the period (cash plus fair value of noncash contributions) and records a liability for any unpaid required contributions (715-80-35-1); an executed agreement to make future contributions does not create a liability beyond contributions currently due and unpaid (715-80-55-2).","If withdrawal from the plan under circumstances giving rise to an obligation, or an increased contribution under a maintenance of benefits clause, is probable or reasonably possible, Topic 450 contingency accounting applies (715-80-35-2; 715-80-50-2).","The Subtopic applies to all multiemployer pension and OPEB plans but not to multiple-employer plans, which are in substance aggregations of single-employer plans pooled for investment or administrative efficiency and ordinarily do not involve collective bargaining (715-80-15-2 through 15-3).","For each individually significant multiemployer pension plan, an employer must disclose (in tabular format when feasible) the plan's legal name, EIN/plan number, most recently available PPA certified zone status (or funded-percentage ranges of <65%, 65–80%, at least 80%), collective-bargaining agreement expiration dates, contributions made, whether contributions exceed 5 percent of total plan contributions per Form 5500, and whether a funding improvement or rehabilitation plan is pending or implemented, whether a surcharge was paid, and any required minimum future contributions (715-80-50-5).","An employer must give a narrative description of the plans and its participation showing how the risks differ from single-employer plans (715-80-50-4), describe changes affecting period-to-period comparability such as business combinations, divestitures, rate changes, or changes in covered employees (715-80-50-6), and disclose in tabular form total contributions to plans that are not individually significant and total contributions to all plans (715-80-50-9).","When plan-level information is not publicly available, additional disclosures about the nature of benefits, the extent of the employer's potential responsibility for plan obligations, and available quantitative plan data are required; certain quantitative items may be omitted if they cannot be obtained without undue cost and effort, with an explanation of what was omitted and why (715-80-50-7 through 50-8).","A multiemployer plan cannot be a substantially equivalent successor plan for a terminated single-employer defined benefit plan, so prior service cost in accumulated other comprehensive income must be recognized on an accelerated basis (715-80-55-3 through 55-4); an arrangement in which retirees lose plan coverage when the former employer stops contributing is not a multiemployer plan (715-80-55-5)."],"categories":["Compensation and benefits","Disclosure","Recognition","Contingencies and guarantees"],"audience_level":"intermediate","student_note":"The key exam trap is assuming multiemployer plan participation requires defined benefit accounting: it does not — expense equals the required contribution, and no unfunded benefit obligation is recorded unless withdrawal liability becomes probable or reasonably possible under Topic 450. Also distinguish a true multiemployer plan (obligation to retirees survives an employer's withdrawal) from a multiple-employer plan, which is accounted for as an aggregation of single-employer plans.","related_topics":["715-10","715-30","715-60","715-20","450","450-20"],"key_concepts":["multiemployer plan","required contribution","withdrawal liability","pension protection act zone status","collective-bargaining agreement","multiple-employer plan","funding improvement or rehabilitation plan","successor plan"],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:deaf1fa55196c8861099e092e5c975219097f219508dced8c1ec975ce6d60514","downloaded_from":"2026-09-10T01:01:21.184Z","last_downloaded_at":"2026-09-10T01:01:50.542Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},"related":[{"number":"715-70","title":"Defined Contribution Plans","topic_title":"Compensation—Retirement Benefits","score":0.8237,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:32bef0e9760657248c5d38455897f099fb212fd168ca178a2c32051eabd1b5eb","downloaded_from":"2026-09-10T01:00:58.143Z","last_downloaded_at":"2026-09-10T01:01:17.755Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"715-20","title":"Defined Benefit Plans—General","topic_title":"Compensation—Retirement Benefits","score":0.7996,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:5e21af92c5ab1d7d637d19ca1273db609bd66981f619cefbe304748b20ef1b93","downloaded_from":"2026-09-10T00:59:02.764Z","last_downloaded_at":"2026-09-10T00:59:47.246Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"715-60","title":"Defined Benefit Plans—Other Postretirement","topic_title":"Compensation—Retirement Benefits","score":0.798,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ea40f74d2a1a9108f7c7246e1e151d0ffea4deabd3f6adaa4ae3423bc35b76ce","downloaded_from":"2026-09-10T01:00:25.988Z","last_downloaded_at":"2026-09-10T01:00:54.564Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"965-30","title":"Plan Benefit Obligations","topic_title":"Plan Accounting—Health and Welfare Benefit Plans","score":0.7917,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ae86d13d2284ae7550538e4bfe2802bbae58f7dc3582e5aea460857f96177c6d","downloaded_from":"2026-09-10T02:25:01.968Z","last_downloaded_at":"2026-09-10T02:25:26.797Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"325-962","title":"Plan Accounting—Defined Contribution Pension Plans","topic_title":"Investments—Other","score":0.7836,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:10245654f4ff02cb3c030f909187e0efe1ac8c6159b3b9e811f320be86343882","downloaded_from":"2026-09-09T23:48:13.346Z","last_downloaded_at":"2026-09-09T23:48:34.441Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"715-10","title":"Overall","topic_title":"Compensation—Retirement Benefits","score":0.7796,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:11c2d12ad218116512be3d5595d36ee080db70bfc3bd53cfa4201cdbf9d516ad","downloaded_from":"2026-09-10T00:58:45.119Z","last_downloaded_at":"2026-09-10T00:58:58.564Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}}],"prev":{"number":"715-70","title":"Defined Contribution Plans","topic_title":"Compensation—Retirement Benefits","provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9eb9c82162160edec7c9a33e6aa761bf12a4bf3e4002f428cdaad80288f085a7","downloaded_from":"2026-09-10T01:00:58.143Z","last_downloaded_at":"2026-09-10T01:01:17.755Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},"next":{"number":"715-912","title":"Contractors—Federal Government","topic_title":"Compensation—Retirement Benefits","provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:449269325866c6cc00765ddf62a8236d319f31b8e5be69e359d9558cb4110852","downloaded_from":"2026-09-10T01:01:52.388Z","last_downloaded_at":"2026-09-10T01:02:01.309Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:bb61d05941c276052db785cd417be6da8eabbf3f059f50479b1b093afe157e83","downloaded_from":"2026-09-10T01:01:21.184Z","last_downloaded_at":"2026-09-10T01:01:50.542Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"715-912","topic":"715","title":"Contractors—Federal Government","area":"Expenses","paragraphs":3,"summary":"ASC 715-912 is the industry-specific overlay applying retirement benefit accounting to government contractors. Its scope mirrors the Contractors—Federal Government Overall Subtopic (912-10-15), and its only substantive requirement is a disclosure consideration: contractors should consider disclosing the effect of the government's rights to any excess pension plan assets if a plan terminates.","concepts":["government contractors","excess pension plan assets","plan termination","postretirement benefit costs","government's rights to plan assets","industry-specific disclosure"],"categories":["Disclosure","Compensation and benefits","Industry-specific"],"level":"intermediate","topic_title":"Compensation—Retirement Benefits","sections":[{"number":"05","label":"05 Overview and Background","anchor":"05-overview-and-background","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"715-912-05-1","para":"05-1","html":"
This Subtopic provides guidance to government contractors related to compensation and postretirement employee benefit costs.
","snippet":"This Subtopic provides guidance to government contractors related to compensation and postretirement employee benefit costs.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:50588b87019bc5448ea987945badbfe19a9f94590a47f28f530c560801f47378","downloaded_from":"2026-09-10T01:01:52.388Z","last_downloaded_at":"2026-09-10T01:01:52.388Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477639","source_sha256":"7b51a5023eb85dc91cf6f0843db70f83c69b18dffabce60540a79259966f773d"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f2b5f7c5cceeadef5320b68b08241a99fbf9a4da465b63aed9721d8e21e7e752","downloaded_from":"2026-09-10T01:01:52.388Z","last_downloaded_at":"2026-09-10T01:01:52.388Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477639","source_sha256":"7b51a5023eb85dc91cf6f0843db70f83c69b18dffabce60540a79259966f773d"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2624546b585e62f0446bf30e5ffd4960f68c03d9b16219a5baf27a9a9ad10707","downloaded_from":"2026-09-10T01:01:52.388Z","last_downloaded_at":"2026-09-10T01:01:52.388Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477639","source_sha256":"7b51a5023eb85dc91cf6f0843db70f83c69b18dffabce60540a79259966f773d"}},{"number":"15","label":"15 Scope and Scope Exceptions","anchor":"15-scope-and-scope-exceptions","is_sec":false,"groups":[{"block":null,"heading":"Overall Guidance","paragraphs":[{"citation":"715-912-15-1","para":"15-1","html":"
This Subtopic follows the same Scope and Scope Exceptions as outlined in the Overall Subtopic, see Section 912-10-15.
","snippet":"This Subtopic follows the same Scope and Scope Exceptions as outlined in the Overall Subtopic, see Section 912-10-15.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b80f5d8d2488c853b5d9f73943886b7ddfa386e66f235c54ead039b2eec1c029","downloaded_from":"2026-09-10T01:01:54.519Z","last_downloaded_at":"2026-09-10T01:01:54.519Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478247","source_sha256":"6b7c83f1b57359b120289a0aa5e7ba6b2a36fbdbd2fc946ee0347ddac0635299"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:789b22dfdc3ddf633417f419421254d67a6952e1a584159fbc7dace3c04b9a2a","downloaded_from":"2026-09-10T01:01:54.519Z","last_downloaded_at":"2026-09-10T01:01:54.519Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478247","source_sha256":"6b7c83f1b57359b120289a0aa5e7ba6b2a36fbdbd2fc946ee0347ddac0635299"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d343b95ed4cae7a6f1a85c6044b4d0337f14f387363e8cfeff3c52201fefbe66","downloaded_from":"2026-09-10T01:01:54.519Z","last_downloaded_at":"2026-09-10T01:01:54.519Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478247","source_sha256":"6b7c83f1b57359b120289a0aa5e7ba6b2a36fbdbd2fc946ee0347ddac0635299"}},{"number":"50","label":"50 Disclosure","anchor":"50-disclosure","is_sec":false,"groups":[{"block":null,"heading":"Contractors' Compensation and Postretirement Employee Benefit Costs","paragraphs":[{"citation":"715-912-50-1","para":"50-1","html":"
Contractors shall consider disclosing the effect, if any, of the government's rights with respect to any excess pension plan assets in the event of a plan termination.
","snippet":"Contractors shall consider disclosing the effect, if any, of the government's rights with respect to any excess pension plan assets in the event of a plan termination.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0585f8521b949862fb90d4e836a77963f609ed089da98462a4b9d3f368da80e7","downloaded_from":"2026-09-10T01:01:57.705Z","last_downloaded_at":"2026-09-10T01:01:57.705Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477317","source_sha256":"4c4f211a25e23fd18810cdb6fafd5321b3d8a0384f81e6e0107acacb07221971"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:26833f6cc4a9b25be77f889403ac66527af3c62745ec544c17f314266c7277a0","downloaded_from":"2026-09-10T01:01:57.705Z","last_downloaded_at":"2026-09-10T01:01:57.705Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477317","source_sha256":"4c4f211a25e23fd18810cdb6fafd5321b3d8a0384f81e6e0107acacb07221971"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1c4f62449816c16b28b44b217cf17ddc7cc377c7a32998e1b8628141d884e5a6","downloaded_from":"2026-09-10T01:01:57.705Z","last_downloaded_at":"2026-09-10T01:01:57.705Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477317","source_sha256":"4c4f211a25e23fd18810cdb6fafd5321b3d8a0384f81e6e0107acacb07221971"}}],"enrichment":{"summary":"ASC 715-912 is the industry-specific overlay applying retirement benefit accounting to government contractors. Its scope mirrors the Contractors—Federal Government Overall Subtopic (912-10-15), and its only substantive requirement is a disclosure consideration: contractors should consider disclosing the effect of the government's rights to any excess pension plan assets if a plan terminates.","key_points":["The Subtopic provides guidance to government contractors on compensation and postretirement employee benefit costs (715-912-05-1).","Scope and scope exceptions are the same as the Contractors—Federal Government Overall Subtopic in Section 912-10-15 (715-912-15-1).","Contractors shall consider disclosing the effect, if any, of the government's rights with respect to any excess pension plan assets in the event of a plan termination (715-912-50-1).","The Subtopic adds no separate recognition or measurement rules; the general pension and OPEB guidance in Topic 715 continues to apply."],"categories":["Disclosure","Compensation and benefits","Industry-specific"],"audience_level":"intermediate","student_note":"Remember this as a disclosure-only overlay: when a federal contractor's pension plan holds surplus assets, the government may have a claim on that surplus upon termination, and that fact should be disclosed. A common misunderstanding is thinking ASC 715-912 changes how pension cost is measured or reimbursed—it does neither; measurement still follows Topic 715.","related_topics":["912-10","715-20","715-30","715-60","912-20"],"key_concepts":["government contractors","excess pension plan assets","plan termination","postretirement benefit costs","government's rights to plan assets","industry-specific disclosure"],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:dfae4130e8b010f560e260ed2e0c687465da68acf65554fb320fec66d8c2d924","downloaded_from":"2026-09-10T01:01:52.388Z","last_downloaded_at":"2026-09-10T01:02:01.309Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},"related":[{"number":"715-10","title":"Overall","topic_title":"Compensation—Retirement Benefits","score":0.7241,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d2084d1df4b038b70c6544f83debeb1b8e848767e9e09ad82cd8615a7d45a80c","downloaded_from":"2026-09-10T00:58:45.119Z","last_downloaded_at":"2026-09-10T00:58:58.564Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"712-10","title":"Overall","topic_title":"Compensation—Nonretirement Postemployment Benefits","score":0.711,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:758287773b7b7a91c997db0f797c4f99f16360418cce0d3ed88ce4d6bd094536","downloaded_from":"2026-09-10T00:58:18.965Z","last_downloaded_at":"2026-09-10T00:58:43.060Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"710-908","title":"Airlines","topic_title":"Compensation—General","score":0.7005,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0384002ac923c40d980b59cf5137b61d636064b6f4143633ae7e88e1cdad5475","downloaded_from":"2026-09-10T00:57:55.835Z","last_downloaded_at":"2026-09-10T00:58:04.296Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"450-912","title":"Contractors—Federal Government","topic_title":"Contingencies","score":0.6799,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d511ac4045d97b349c4ec192d8e0b3ceee9878508c862bf30c2cf83c4487c783","downloaded_from":"2026-09-10T00:28:13.837Z","last_downloaded_at":"2026-09-10T00:28:25.535Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"710-980","title":"Regulated Operations","topic_title":"Compensation—General","score":0.6712,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:4b634ad3090e741051d6f85542c13b401ebf75433ae47918c4f9238812a64728","downloaded_from":"2026-09-10T00:58:07.626Z","last_downloaded_at":"2026-09-10T00:58:16.201Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"912-10","title":"Overall","topic_title":"Contractors—Federal Government","score":0.6628,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:599016ae8d619d76d36238fb82ad161633afc6a3ee593d64e22f2003af5852bb","downloaded_from":"2026-09-10T02:09:56.619Z","last_downloaded_at":"2026-09-10T02:10:05.382Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}}],"prev":{"number":"715-80","title":"Multiemployer Plans","topic_title":"Compensation—Retirement Benefits","provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:fb1e8da8e17e8a6f9c54267f35af908cca6d352eded707844ede58ac5b735b5a","downloaded_from":"2026-09-10T01:01:21.184Z","last_downloaded_at":"2026-09-10T01:01:50.542Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},"next":{"number":"715-930","title":"Extractive Activities—Mining","topic_title":"Compensation—Retirement Benefits","provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:809523c341dbb3ec580b205389908be5877b8e1a0a72115ff24c96a27e6de95a","downloaded_from":"2026-09-10T01:02:03.426Z","last_downloaded_at":"2026-09-10T01:02:21.382Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:7f8264f3a50b1d46cf3b1c5935055a65b2fdbd3d17029954f76edda80312ce59","downloaded_from":"2026-09-10T01:01:52.388Z","last_downloaded_at":"2026-09-10T01:02:01.309Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"715-930","topic":"715","title":"Extractive Activities—Mining","area":"Expenses","paragraphs":8,"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.","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"],"categories":["Compensation and benefits","Recognition","Presentation","Industry-specific"],"level":"advanced","topic_title":"Compensation—Retirement Benefits","sections":[{"number":"00","label":"00 Status","anchor":"00-status","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"715-930-00-1","para":"00-1","html":"
The following table identifies the changes made to this Subtopic.
ParagraphActionAccounting Standards UpdateDate
930-715-45-1AmendedAccounting Standards Update No. 2015-0101/09/2015
","snippet":"The following table identifies the changes made to this Subtopic.\nParagraph | Action | Accounting Standards Update | Date |\n| | | |\n930-715-45-1 | Amended | Accounting Standards Update No. 2015-01 | 01/09/2015 |","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:16496e70ba1777d3802a58d2b56beef1504c248857acce43de99c9a9070ede01","downloaded_from":"2026-09-10T01:02:03.426Z","last_downloaded_at":"2026-09-10T01:02:03.426Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478854","source_sha256":"90fe500cca99d289218094c433f14fa0cdf726dfb17d836326b49af7ed16013b"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0362634b1ec3d39819bb351fa2e7231fd737c54f55278d4773257007fabeb811","downloaded_from":"2026-09-10T01:02:03.426Z","last_downloaded_at":"2026-09-10T01:02:03.426Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478854","source_sha256":"90fe500cca99d289218094c433f14fa0cdf726dfb17d836326b49af7ed16013b"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:609f501968cc547ffe3427f969c08bbcbe422fa8b6f692e49b5479cf3edf7ae3","downloaded_from":"2026-09-10T01:02:03.426Z","last_downloaded_at":"2026-09-10T01:02:03.426Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478854","source_sha256":"90fe500cca99d289218094c433f14fa0cdf726dfb17d836326b49af7ed16013b"}},{"number":"05","label":"05 Overview and Background","anchor":"05-overview-and-background","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"715-930-05-1","para":"05-1","html":"
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.
","snippet":"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.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:07d95954938f0c831529667320fd89ecd84bb6cc54b89467cbe99452729d8bee","downloaded_from":"2026-09-10T01:02:05.051Z","last_downloaded_at":"2026-09-10T01:02:05.051Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478853","source_sha256":"43b001624b4f6e83bd6a5eb4152cf29d689f5256aaf1f59025e6d2a27bb8465d"}},{"citation":"715-930-05-2","para":"05-2","html":"
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.
","snippet":"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 …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d1915a1fb157f62d63041c714b9bbc208fcaa5c378f00ddf60d9b6bd39cf8a75","downloaded_from":"2026-09-10T01:02:05.051Z","last_downloaded_at":"2026-09-10T01:02:05.051Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478853","source_sha256":"43b001624b4f6e83bd6a5eb4152cf29d689f5256aaf1f59025e6d2a27bb8465d"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:839d24f37ddc1a90a80a5e08de99fc38a78bdc742c89b3bbc8a411c12bea09bb","downloaded_from":"2026-09-10T01:02:05.051Z","last_downloaded_at":"2026-09-10T01:02:05.051Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478853","source_sha256":"43b001624b4f6e83bd6a5eb4152cf29d689f5256aaf1f59025e6d2a27bb8465d"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e516a8a64c7815b1f25b45f63b61e289ab352bc3a53161eba3e4411fe643ffd4","downloaded_from":"2026-09-10T01:02:05.051Z","last_downloaded_at":"2026-09-10T01:02:05.051Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478853","source_sha256":"43b001624b4f6e83bd6a5eb4152cf29d689f5256aaf1f59025e6d2a27bb8465d"}},{"number":"15","label":"15 Scope and Scope Exceptions","anchor":"15-scope-and-scope-exceptions","is_sec":false,"groups":[{"block":null,"heading":"Overall Guidance","paragraphs":[{"citation":"715-930-15-1","para":"15-1","html":"
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.
","snippet":"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.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:127d8da9046015528d6f8e717080a6ff8f1cc767cb94820adedb8f31ab861d0e","downloaded_from":"2026-09-10T01:02:08.906Z","last_downloaded_at":"2026-09-10T01:02:08.906Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478595","source_sha256":"a236a5b2dbc01a94edc015211826ed26a1e090a8dfee8a6257e3b9e24d76c8ea"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b755e5d68dc8db23cefdb0007c37f34512c3fa5efe78915e1f4a40ef1c40ce67","downloaded_from":"2026-09-10T01:02:08.906Z","last_downloaded_at":"2026-09-10T01:02:08.906Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478595","source_sha256":"a236a5b2dbc01a94edc015211826ed26a1e090a8dfee8a6257e3b9e24d76c8ea"}},{"block":null,"heading":"Entities","paragraphs":[{"citation":"715-930-15-2","para":"15-2","html":"
This Subtopic only applies to entities with operations in the coal industry with a multiemployer pension obligation.
","snippet":"This Subtopic only applies to entities with operations in the coal industry with a multiemployer pension obligation.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:65dab3ed233024e63f0ab1266d4e56f718e1157e2d7d731aa5ef6c868f9b230a","downloaded_from":"2026-09-10T01:02:08.906Z","last_downloaded_at":"2026-09-10T01:02:08.906Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478595","source_sha256":"a236a5b2dbc01a94edc015211826ed26a1e090a8dfee8a6257e3b9e24d76c8ea"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:6db2e54c616eda563eb6c991fd769ae32c5a4452a8d5fd72c8e089baeffd03ca","downloaded_from":"2026-09-10T01:02:08.906Z","last_downloaded_at":"2026-09-10T01:02:08.906Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478595","source_sha256":"a236a5b2dbc01a94edc015211826ed26a1e090a8dfee8a6257e3b9e24d76c8ea"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3f9950c3d285c74b793cee6cd60310d424c60e916ac5072aca849f9206ba2531","downloaded_from":"2026-09-10T01:02:08.906Z","last_downloaded_at":"2026-09-10T01:02:08.906Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478595","source_sha256":"a236a5b2dbc01a94edc015211826ed26a1e090a8dfee8a6257e3b9e24d76c8ea"}},{"number":"25","label":"25 Recognition","anchor":"25-recognition","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"715-930-25-1","para":"25-1","html":"
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.
","snippet":"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 t…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:dbaa522a28be04fd5520d01862f43a3488099866fb2262d4c27638ebf671a43c","downloaded_from":"2026-09-10T01:02:12.184Z","last_downloaded_at":"2026-09-10T01:02:12.184Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478250","source_sha256":"844174e148a35b295d6b919392a6b038b63efcf39c252afcf56f3b4f017e4e09"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:47ba942b4963b7ebb058c93c19c9f0f7b7fb849564bfc6718ce34c68ac866531","downloaded_from":"2026-09-10T01:02:12.184Z","last_downloaded_at":"2026-09-10T01:02:12.184Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478250","source_sha256":"844174e148a35b295d6b919392a6b038b63efcf39c252afcf56f3b4f017e4e09"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3130d9b900eed6b1e2f903d9f4c272529c846fee042317f5b44649d02e997c2a","downloaded_from":"2026-09-10T01:02:12.184Z","last_downloaded_at":"2026-09-10T01:02:12.184Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478250","source_sha256":"844174e148a35b295d6b919392a6b038b63efcf39c252afcf56f3b4f017e4e09"}},{"number":"45","label":"45 Other Presentation Matters","anchor":"45-other-presentation-matters","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"715-930-45-1","para":"45-1","html":"
If an entity accounts for its obligation under the Act as a loss (see paragraph 930-715-25-1) in accordance with Subtopic 450-20, the estimated loss should be reported as an unusual or infrequently occurring item.
","snippet":"If an entity accounts for its obligation under the Act as a loss (see paragraph 930-715-25-1) in accordance with Subtopic 450-20, the estimated loss should be reported as an unusual or infrequently occurring item.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d39dba4d4d41fb4f5b5797337e991ae2f444750130e6a463630e23839ae3905e","downloaded_from":"2026-09-10T01:02:14.843Z","last_downloaded_at":"2026-09-10T01:02:14.843Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478342","source_sha256":"07ef12f2bbd1a513d7373c2c2c22a9eb6c44dcf1e69b30f42d69b5a5df7d8391"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:4d71f7c5cdb705b5adb4b71b6fb832dc1a111cf2dc0e75fd7c99acf2f1aa0602","downloaded_from":"2026-09-10T01:02:14.843Z","last_downloaded_at":"2026-09-10T01:02:14.843Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478342","source_sha256":"07ef12f2bbd1a513d7373c2c2c22a9eb6c44dcf1e69b30f42d69b5a5df7d8391"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9492cca6ce55f3da2882fdafbfba41574c65f3bc921df66e5136f5b70ad8d99c","downloaded_from":"2026-09-10T01:02:14.843Z","last_downloaded_at":"2026-09-10T01:02:14.843Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478342","source_sha256":"07ef12f2bbd1a513d7373c2c2c22a9eb6c44dcf1e69b30f42d69b5a5df7d8391"}},{"number":"50","label":"50 Disclosure","anchor":"50-disclosure","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"715-930-50-1","para":"50-1","html":"
An entity shall disclose the impact of the Act, including the estimated amount of its total obligation and the method of accounting adopted.
","snippet":"An entity shall disclose the impact of the Act, including the estimated amount of its total obligation and the method of accounting adopted.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b6513eb418023403a764c8fb15958c597eb4d9dba13bedfa5e8b10718a571f25","downloaded_from":"2026-09-10T01:02:18.613Z","last_downloaded_at":"2026-09-10T01:02:18.613Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477692","source_sha256":"30293e385bc20b5e6751af52845a6f3f382972baaf3405be937b14de0a04acf9"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c0c24913cf84f8808ba21c43268e979427343ad1999d9b7dd86cb8dba6e97bcb","downloaded_from":"2026-09-10T01:02:18.613Z","last_downloaded_at":"2026-09-10T01:02:18.613Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477692","source_sha256":"30293e385bc20b5e6751af52845a6f3f382972baaf3405be937b14de0a04acf9"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3de1b5fb5c6fae10eb468a68cd491fdd83d36606d718840de7d955bb1e3e6fa9","downloaded_from":"2026-09-10T01:02:18.613Z","last_downloaded_at":"2026-09-10T01:02:18.613Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477692","source_sha256":"30293e385bc20b5e6751af52845a6f3f382972baaf3405be937b14de0a04acf9"}}],"enrichment":{"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"],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:28992bf0f091ca9d077052f498c9852bb9ab2a49f629327546411fad96b31af4","downloaded_from":"2026-09-10T01:02:03.426Z","last_downloaded_at":"2026-09-10T01:02:21.382Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},"related":[{"number":"715-80","title":"Multiemployer Plans","topic_title":"Compensation—Retirement Benefits","score":0.7219,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:cdfc3f129d9abb00b75072588a3e67e9407f5c7edc6683118028ab5a8111239c","downloaded_from":"2026-09-10T01:01:21.184Z","last_downloaded_at":"2026-09-10T01:01:50.542Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"965-10","title":"Overall","topic_title":"Plan Accounting—Health and Welfare Benefit Plans","score":0.7182,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ad1519d4e1f5aa31753933a00b65a052cd43e27da0248a9fd23b9b3bc6460bcc","downloaded_from":"2026-09-10T02:24:24.502Z","last_downloaded_at":"2026-09-10T02:24:31.271Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"960-10","title":"Overall","topic_title":"Plan Accounting—Defined Benefit Pension Plans","score":0.7162,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:41aa53f64ded15912b916e6b7cf72438ac354123a1cee3eb9c1de56965090fb4","downloaded_from":"2026-09-10T02:22:27.759Z","last_downloaded_at":"2026-09-10T02:22:34.407Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"715-70","title":"Defined Contribution Plans","topic_title":"Compensation—Retirement Benefits","score":0.702,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d2d284b7547d00a3de0c2111c97ed687239f1dd4a43ac29c770dcdff2e684939","downloaded_from":"2026-09-10T01:00:58.143Z","last_downloaded_at":"2026-09-10T01:01:17.755Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"965-30","title":"Plan Benefit Obligations","topic_title":"Plan Accounting—Health and Welfare Benefit Plans","score":0.6943,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a5a11b0669f4253205b98f32f09e0353616f54ce0a64780bd44649d2b6d0bfdc","downloaded_from":"2026-09-10T02:25:01.968Z","last_downloaded_at":"2026-09-10T02:25:26.797Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"715-10","title":"Overall","topic_title":"Compensation—Retirement Benefits","score":0.6935,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3389983cb7b73aeb0de7a4a64716dd521f98e76f70f7c1808a58cd9ef009e9bd","downloaded_from":"2026-09-10T00:58:45.119Z","last_downloaded_at":"2026-09-10T00:58:58.564Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}}],"prev":{"number":"715-912","title":"Contractors—Federal Government","topic_title":"Compensation—Retirement Benefits","provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:449269325866c6cc00765ddf62a8236d319f31b8e5be69e359d9558cb4110852","downloaded_from":"2026-09-10T01:01:52.388Z","last_downloaded_at":"2026-09-10T01:02:01.309Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},"next":{"number":"715-958","title":"Not-for-Profit Entities","topic_title":"Compensation—Retirement Benefits","provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9b90dcfac80364a545c53c616efc988fd0f68c4ccaa8e8a0a42a27eaa01bbacc","downloaded_from":"2026-09-10T01:02:23.996Z","last_downloaded_at":"2026-09-10T01:02:46.650Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:aca4e8c74759578599a21f60d8b851d8509486fe68931df2de34bb9f6feb10d6","downloaded_from":"2026-09-10T01:02:03.426Z","last_downloaded_at":"2026-09-10T01:02:21.382Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"715-958","topic":"715","title":"Not-for-Profit Entities","area":"Expenses","paragraphs":25,"summary":"This Subtopic adapts Topic 715 (pension and other postretirement benefits) for not-for-profit entities, which do not report other comprehensive income. Everywhere Topic 715 would require net gains or losses, prior service costs or credits, and transition assets or obligations to run through OCI/AOCI, an NFP instead recognizes those amounts as changes in net assets without donor restrictions that have not yet been reclassified into net periodic benefit cost. Those amounts, and the non-service components of net periodic benefit cost, are presented in separate line items outside any intermediate measure of operations (or performance indicator for business-oriented health care NFPs).","concepts":["not-for-profit entity","net assets without donor restrictions","net periodic pension cost","net periodic postretirement benefit cost","prior service cost or credit","transition asset or obligation","intermediate measure of operations","performance indicator"],"categories":["Compensation and benefits","Not-for-profit","Presentation","Disclosure"],"level":"intermediate","topic_title":"Compensation—Retirement Benefits","sections":[{"number":"00","label":"00 Status","anchor":"00-status","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"715-958-00-1","para":"00-1","html":"
The following table identifies the changes made to this Subtopic.
Paragraph Action Accounting Standards Update Date
Conditional Contribution Added Accounting Standards Update No. 2018-08 06/21/2018
Contribution Amended Accounting Standards Update No. 2018-08 06/21/2018
Contribution Amended Accounting Standards Update No. 2010-07 01/28/2010
Donor-Imposed Condition Added Accounting Standards Update No. 2018-08 06/21/2018
Donor-Imposed Restriction Added Accounting Standards Update No. 2016-14 08/18/2016
Functional Classification Superseded Accounting Standards Update No. 2016-14 08/18/2016
Functional Expense Classification Added Accounting Standards Update No. 2016-14 08/18/2016
Net Assets without Donor Restrictions Added Accounting Standards Update No. 2016-14 08/18/2016
Promise to Give Added Accounting Standards Update No. 2018-08 06/21/2018
Unrestricted Net Assets Superseded Accounting Standards Update No. 2016-14 08/18/2016
958-715-25-1 Amended Accounting Standards Update No. 2016-14 08/18/2016
958-715-35-1 through 35-5
 Amended Accounting Standards Update No. 2016-14 08/18/2016
958-715-45-1 Amended Accounting Standards Update No. 2017-07 03/10/2017
958-715-45-1 Amended Accounting Standards Update No. 2016-14 08/18/2016
958-715-45-2 Amended Accounting Standards Update No. 2017-07 03/10/2017
958-715-45-2 Amended Accounting Standards Update No. 2016-14 08/18/2016
958-715-45-3 Added Accounting Standards Update No. 2017-07 03/10/2017
958-715-50-1 Amended Accounting Standards Update No. 2018-14 08/28/2018
958-715-50-1 Amended Accounting Standards Update No. 2016-14 08/18/2016
958-715-55-4 Amended Accounting Standards Update No. 2017-07 03/10/2017
958-715-55-4 through 55-8
 Amended Accounting Standards Update No. 2016-14 08/18/2016
958-715-55-6 Amended Accounting Standards Update No. 2017-07 03/10/2017
958-715-55-7 Amended Accounting Standards Update No. 2017-07 03/10/2017
958-715-55-8 Superseded Accounting Standards Update No. 2017-07 03/10/2017
","snippet":"The following table identifies the changes made to this Subtopic.\nParagraph | Action | Accounting Standards Update | Date |\nConditional Contribution | Added | Accounting Standards Update No. 2018-08 | 06/21/2018 |\nContri…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3d5210ba7e2d7a24d5611f68b4e0bbf7c7723edb8935ee7052ab1bac491af7e7","downloaded_from":"2026-09-10T01:02:23.996Z","last_downloaded_at":"2026-09-10T01:02:23.996Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478984","source_sha256":"efa4379fdd37bab1e3307897ae0191d4273c21d505fbc253ae037fb59f407445"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e8d0ed1a98ab9859ce01269fb42815d153ae64993e4de0a7d0aefddfb7c2d016","downloaded_from":"2026-09-10T01:02:23.996Z","last_downloaded_at":"2026-09-10T01:02:23.996Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478984","source_sha256":"efa4379fdd37bab1e3307897ae0191d4273c21d505fbc253ae037fb59f407445"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:aff7a60a0008df5aec7c9deb9afc5e37bbb85bb7cc66bc7e2a911a453bf11e63","downloaded_from":"2026-09-10T01:02:23.996Z","last_downloaded_at":"2026-09-10T01:02:23.996Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478984","source_sha256":"efa4379fdd37bab1e3307897ae0191d4273c21d505fbc253ae037fb59f407445"}},{"number":"05","label":"05 Overview and Background","anchor":"05-overview-and-background","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"715-958-05-1","para":"05-1","html":"
This Subtopic provides accounting and reporting guidance for retirement benefit plans sponsored by not-for-profit entities (NFPs). This guidance is essential to the application of Topic 715 by an NFP and shall be applied in conjunction with that Topic.
","snippet":"This Subtopic provides accounting and reporting guidance for retirement benefit plans sponsored by not-for-profit entities (NFPs). This guidance is essential to the application of Topic 715 by an NFP and shall be applied…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a966b25fb84ab02ff6fe988d76bca670905a472321c3edda646f9a1468deb079","downloaded_from":"2026-09-10T01:02:26.533Z","last_downloaded_at":"2026-09-10T01:02:26.533Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478899","source_sha256":"c0d00823b14a33c88bebb781b642ad534da8c2feae954e84ac84b4e9446a0be8"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:47f5fb1a9dc5c6f8cc4222535509d8f466e4fb2dcede6340064e9e3abda87793","downloaded_from":"2026-09-10T01:02:26.533Z","last_downloaded_at":"2026-09-10T01:02:26.533Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478899","source_sha256":"c0d00823b14a33c88bebb781b642ad534da8c2feae954e84ac84b4e9446a0be8"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:157331563ea9f274aa20f9f37fe2eec4618036db8a4cb890d9b6f1e490a26bbb","downloaded_from":"2026-09-10T01:02:26.533Z","last_downloaded_at":"2026-09-10T01:02:26.533Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478899","source_sha256":"c0d00823b14a33c88bebb781b642ad534da8c2feae954e84ac84b4e9446a0be8"}},{"number":"15","label":"15 Scope and Scope Exceptions","anchor":"15-scope-and-scope-exceptions","is_sec":false,"groups":[{"block":null,"heading":"Overall Guidance","paragraphs":[{"citation":"715-958-15-1","para":"15-1","html":"
This Subtopic follows the same Scope and Scope Exceptions as outlined in the Overall Subtopic, see Section 958-10-15, with specific qualifications noted below.
","snippet":"This Subtopic follows the same Scope and Scope Exceptions as outlined in the Overall Subtopic, see Section 958-10-15, with specific qualifications noted below.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:7b5a5ce9b00bda7b8c0485ce09da5293a3cce2bc61d375933f88b7742db13634","downloaded_from":"2026-09-10T01:02:28.764Z","last_downloaded_at":"2026-09-10T01:02:28.764Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477380","source_sha256":"2f28b6bc42a5636acdcb830e5aa5f751614e9d2fafffc83d310f0362378776ba"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:eaa6de690428ef944abf12e16b3be73d945765581e9d1bd94edf782bb18670e0","downloaded_from":"2026-09-10T01:02:28.764Z","last_downloaded_at":"2026-09-10T01:02:28.764Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477380","source_sha256":"2f28b6bc42a5636acdcb830e5aa5f751614e9d2fafffc83d310f0362378776ba"}},{"block":null,"heading":"Transactions","paragraphs":[{"citation":"715-958-15-2","para":"15-2","html":"
This Subtopic applies to the same transactions outlined in Section 715-10-15.
","snippet":"This Subtopic applies to the same transactions outlined in Section 715-10-15.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:4e189a5d4c598c3bc81b3e941f9bc65c0cf2ba78d1af72c16a893c58f4a128b3","downloaded_from":"2026-09-10T01:02:28.764Z","last_downloaded_at":"2026-09-10T01:02:28.764Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477380","source_sha256":"2f28b6bc42a5636acdcb830e5aa5f751614e9d2fafffc83d310f0362378776ba"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:4b3309aed625a2669a3373b80c76cec218808c65ba5aed7b24ae6cf3ab84ffc4","downloaded_from":"2026-09-10T01:02:28.764Z","last_downloaded_at":"2026-09-10T01:02:28.764Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477380","source_sha256":"2f28b6bc42a5636acdcb830e5aa5f751614e9d2fafffc83d310f0362378776ba"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:16306cdff951c79aa388888a5ce435909bcec767f99de3e58416dc0b09b26698","downloaded_from":"2026-09-10T01:02:28.764Z","last_downloaded_at":"2026-09-10T01:02:28.764Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477380","source_sha256":"2f28b6bc42a5636acdcb830e5aa5f751614e9d2fafffc83d310f0362378776ba"}},{"number":"25","label":"25 Recognition","anchor":"25-recognition","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"715-958-25-1","para":"25-1","html":"
When a not-for-profit entity (NFP) applies the recognition provisions of the following paragraph, the references to net gains or losses, prior service costs or credits, and transition asset or obligation in accumulated other comprehensive income shall instead be to the gains or losses, the prior service costs or credits, and the transition asset or obligation that have been recognized as changes in net assets without donor restrictions arising from a defined benefit plan (or a postretirement benefit plan) but not yet reclassified as components of net periodic pension cost (or net periodic postretirement benefit cost):
  1. a
    Paragraph 715-30-25-4.
","snippet":"When a not-for-profit entity (NFP) applies the recognition provisions of the following paragraph, the references to net gains or losses, prior service costs or credits, and transition asset or obligation in accumulated o…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0c56ff66ef5edd4fce6aaacedaf91c536017cb057d0c1b1a2a2a084460df079e","downloaded_from":"2026-09-10T01:02:35.378Z","last_downloaded_at":"2026-09-10T01:02:35.378Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477791","source_sha256":"38503fb47e59865d9f6c1cf411bfedd0f5e8085f958f9d727415f19907b75258"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:cf41178d7fd3f64377de1e82d0e5355b2886e274e9a6715fcdeac106d6d242f8","downloaded_from":"2026-09-10T01:02:35.378Z","last_downloaded_at":"2026-09-10T01:02:35.378Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477791","source_sha256":"38503fb47e59865d9f6c1cf411bfedd0f5e8085f958f9d727415f19907b75258"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1f0acd99f2c40dafd25db10d4dc13aff6ac47c463c4d305acdfe344f48934775","downloaded_from":"2026-09-10T01:02:35.378Z","last_downloaded_at":"2026-09-10T01:02:35.378Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477791","source_sha256":"38503fb47e59865d9f6c1cf411bfedd0f5e8085f958f9d727415f19907b75258"}},{"number":"35","label":"35 Subsequent Measurement","anchor":"35-subsequent-measurement","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"715-958-35-1","para":"35-1","html":"
When a not-for-profit entity (NFP) applies the subsequent measurement provisions of the following Sections, the references to the prior service costs or credits included in accumulated other comprehensive income shall instead be to the prior service costs or credits that have been recognized as changes in net assets without donor restrictions arising from a defined benefit plan (or a postretirement benefit plan) but not yet reclassified as components of net periodic pension cost (or net periodic postretirement benefit cost):
  1. a
    Section 715-30-35
  2. b
    Section 715-60-35.
","snippet":"When a not-for-profit entity (NFP) applies the subsequent measurement provisions of the following Sections, the references to the prior service costs or credits included in accumulated other comprehensive income shall in…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c037bcd1c82bff4b696d6a2cb10818d4d189648b14ec22889b46cf155ef4761f","downloaded_from":"2026-09-10T01:02:37.266Z","last_downloaded_at":"2026-09-10T01:02:37.266Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477537","source_sha256":"ca58fc78a5cc056d914e6bcdae44a5d0f933972e10ef4762d4baf22f58a7db17"}},{"citation":"715-958-35-2","para":"35-2","html":"
When an NFP applies the subsequent measurement guidance in the following Sections, the references to gains and/or losses included in accumulated other comprehensive income shall instead be to the gains and/or losses that have been recognized as changes in net assets without donor restrictions arising from a defined benefit plan (or a postretirement benefit plan) but not yet reclassified as components of net periodic pension cost (or net periodic postretirement benefit cost):
  1. a
    Section 715-30-35
  2. b
    Section 715-60-35.
","snippet":"When an NFP applies the subsequent measurement guidance in the following Sections, the references to gains and/or losses included in accumulated other comprehensive income shall instead be to the gains and/or losses that…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b24c075658f923cbabe7ff03e912f11ae21c8b5e3afde69e82922a89337553ac","downloaded_from":"2026-09-10T01:02:37.266Z","last_downloaded_at":"2026-09-10T01:02:37.266Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477537","source_sha256":"ca58fc78a5cc056d914e6bcdae44a5d0f933972e10ef4762d4baf22f58a7db17"}},{"citation":"715-958-35-3","para":"35-3","html":"
When an NFP applies the subsequent measurement provisions of the following Sections, the references to the transition obligation or asset remaining in accumulated other comprehensive income shall instead be to the transition obligation or asset that has been recognized as a change in net assets without donor restrictions arising from a defined benefit plan (or a postretirement benefit plan) but not yet reclassified as a component of net periodic pension cost (or net periodic postretirement benefit cost):
  1. a
    Section 715-30-35
  2. b
    Section 715-60-35.
","snippet":"When an NFP applies the subsequent measurement provisions of the following Sections, the references to the transition obligation or asset remaining in accumulated other comprehensive income shall instead be to the transi…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:001148a5c2f78cb6c486e6ecc471f3c5c21d5cca7cdb850ac20032c5e131125a","downloaded_from":"2026-09-10T01:02:37.266Z","last_downloaded_at":"2026-09-10T01:02:37.266Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477537","source_sha256":"ca58fc78a5cc056d914e6bcdae44a5d0f933972e10ef4762d4baf22f58a7db17"}},{"citation":"715-958-35-4","para":"35-4","html":"
When an NFP applies the subsequent measurement provisions of the following paragraphs, references to amounts previously recognized in other comprehensive income shall be instead to amounts that have been recognized as a change in net assets without donor restrictions arising from a defined benefit plan (or a postretirement benefit plan) but not yet reclassified as components of net periodic pension cost (or net periodic postretirement benefit cost):
  1. a
    Paragraph 715-30-35-65
  2. b
    Paragraph 715-60-35-127.
","snippet":"When an NFP applies the subsequent measurement provisions of the following paragraphs, references to amounts previously recognized in other comprehensive income shall be instead to amounts that have been recognized as a …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b7f32ba1060bcdc1d5f84b79571a56bb0c93cdc8828f6c5f6904f017f0560225","downloaded_from":"2026-09-10T01:02:37.266Z","last_downloaded_at":"2026-09-10T01:02:37.266Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477537","source_sha256":"ca58fc78a5cc056d914e6bcdae44a5d0f933972e10ef4762d4baf22f58a7db17"}},{"citation":"715-958-35-5","para":"35-5","html":"
When an NFP applies the subsequent measurement provisions of paragraph 715-30-35-25(a), references to the net balance included in accumulated other comprehensive income shall be instead to the net balance that has been recognized as a change in net assets without donor restrictions arising from a defined benefit plan but not yet reclassified as components of net periodic pension cost.
","snippet":"When an NFP applies the subsequent measurement provisions of paragraph 715-30-35-25(a), references to the net balance included in accumulated other comprehensive income shall be instead to the net balance that has been r…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b056d29b87e9c0ad459f36ec1faf08d117630b093473020fc6a98046041fcfa1","downloaded_from":"2026-09-10T01:02:37.266Z","last_downloaded_at":"2026-09-10T01:02:37.266Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477537","source_sha256":"ca58fc78a5cc056d914e6bcdae44a5d0f933972e10ef4762d4baf22f58a7db17"}},{"citation":"715-958-35-6","para":"35-6","html":"
When an NFP applies the subsequent measurement guidance in paragraph 715-30-35-21, the gains and losses that are not recognized immediately as a component of net periodic pension cost shall be recognized in accordance with paragraph 958-715-45-1.
","snippet":"When an NFP applies the subsequent measurement guidance in paragraph 715-30-35-21, the gains and losses that are not recognized immediately as a component of net periodic pension cost shall be recognized in accordance wi…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c54c6b2a34465372eb931bdf304a0d82b34e2a8109a4f399b48f9fc7da6621ea","downloaded_from":"2026-09-10T01:02:37.266Z","last_downloaded_at":"2026-09-10T01:02:37.266Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477537","source_sha256":"ca58fc78a5cc056d914e6bcdae44a5d0f933972e10ef4762d4baf22f58a7db17"}},{"citation":"715-958-35-7","para":"35-7","html":"
Not-for-profit employers that do not report other comprehensive income in accordance with the provisions of Topic 220, shall apply the provisions of paragraphs
715-30-35-79 through 35-91
and
715-30-35-92 through 35-96
in an analogous manner that is appropriate for their method of reporting financial performance and financial position.
","snippet":"Not-for-profit employers that do not report other comprehensive income in accordance with the provisions of Topic 220, shall apply the provisions of paragraphs 715-30-35-79 through 35-91 and 715-30-35-92 through 35-96 in…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ac1368ba325d6a4ecc8f98c43e7c9b45b290fc9b67a5da85c920153f789fb5c8","downloaded_from":"2026-09-10T01:02:37.266Z","last_downloaded_at":"2026-09-10T01:02:37.266Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477537","source_sha256":"ca58fc78a5cc056d914e6bcdae44a5d0f933972e10ef4762d4baf22f58a7db17"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:cbdfd7b65d61c6ccbd80d5d0e0f67565168e7e4e93bf047ab210d02ce3ad7732","downloaded_from":"2026-09-10T01:02:37.266Z","last_downloaded_at":"2026-09-10T01:02:37.266Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477537","source_sha256":"ca58fc78a5cc056d914e6bcdae44a5d0f933972e10ef4762d4baf22f58a7db17"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:19eaf5eb9e5de18031be8b7a50b01630fee6766ba21a4a68b67161655a1d0498","downloaded_from":"2026-09-10T01:02:37.266Z","last_downloaded_at":"2026-09-10T01:02:37.266Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477537","source_sha256":"ca58fc78a5cc056d914e6bcdae44a5d0f933972e10ef4762d4baf22f58a7db17"}},{"number":"45","label":"45 Other Presentation Matters","anchor":"45-other-presentation-matters","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"715-958-45-1","para":"45-1","html":"
A not-for-profit entity (NFP) shall recognize as a separate line item or items, outside an intermediate measure of operations, if one is presented, or a performance indicator as required by paragraph 954-220-45-5 for NFP business-oriented health care entities, within changes in net assets without donor restrictions, apart from expenses, the net gain or loss, the prior service costs or credits, and the transition asset or obligation that would be recognized in other comprehensive income pursuant to the following Sections:
  1. a
    Section 715-30-35
  2. b
    Section 715-60-35.
","snippet":"A not-for-profit entity (NFP) shall recognize as a separate line item or items, outside an intermediate measure of operations, if one is presented, or a performance indicator as required by paragraph 954-220-45-5 for NFP…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:cb016aae50644b5f746384d41f8fae10032200b8610852b32de6699411b0d83e","downloaded_from":"2026-09-10T01:02:40.011Z","last_downloaded_at":"2026-09-10T01:02:40.011Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478442","source_sha256":"1eb78c61c668cae2a723260ae23ecad58ec2ed2b9de68e035e4482b9a7592096"}},{"citation":"715-958-45-2","para":"45-2","html":"
An NFP shall reclassify a portion of the net gain or loss, the prior service costs or credits, and the transition asset or obligation previously recognized in accordance with paragraph 958-715-45-1 as follows:
  1. a
    To net periodic pension cost, pursuant to the recognition and amortization provisions of paragraphs
    715-30-35-3 through 35-28
  2. b
    To net periodic postretirement benefit cost, pursuant to the recognition and amortization provisions of paragraphs
    715-60-35-7 through 35-40
    .
The contra adjustment or adjustments to the initially recognized net gain or loss, the prior service costs or credits, and the transition asset or obligation shall be reported in the same line item or items, outside an intermediate measure of operations, if one is presented, or a performance indicator as required by paragraph 954-220-45-5 for NFP business-oriented health care entities, within changes in net assets without donor restrictions, apart from expenses, as the initially recognized amounts as identified in paragraph 958-715-45-1.
","snippet":"An NFP shall reclassify a portion of the net gain or loss, the prior service costs or credits, and the transition asset or obligation previously recognized in accordance with paragraph 958-715-45-1 as follows:\n(a) To net…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:48153004897401a345fa2d0fca24b4600db47f3dfaef034f8200979f58980942","downloaded_from":"2026-09-10T01:02:40.011Z","last_downloaded_at":"2026-09-10T01:02:40.011Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478442","source_sha256":"1eb78c61c668cae2a723260ae23ecad58ec2ed2b9de68e035e4482b9a7592096"}},{"citation":"715-958-45-3","para":"45-3","html":"
An NFP shall report in the statement of activities:
  1. a
    The service cost component of net periodic pension cost and net periodic postretirement benefit cost in the same line item(s) as other compensation costs arising from services rendered by the pertinent employees during the period (except for the amount being capitalized, if appropriate, in connection with production or construction of an asset)
  2. b
    The other components as defined in paragraphs 715-30-35-4 and 715-60-35-9 separately from the service cost component and outside an intermediate measure of operations, if one is presented, within changes in net assets without donor restrictions. If a separate line item or items are used to present the other components, that line item or items shall be appropriately described and different from the separate line item or items used to present the net gain or loss, the prior service costs or credits, and the transition asset or obligation that would be recognized in other comprehensive income in accordance with Sections 715-30-35 and 715-60-35.
The service cost component and the other components of net periodic pension cost and net periodic postretirement benefit cost shall be reported by functional expense classification in accordance with paragraphs 958-720-45-2 and 958-720-45-15.
","snippet":"An NFP shall report in the statement of activities:\n(a) The service cost component of net periodic pension cost and net periodic postretirement benefit cost in the same line item(s) as other compensation costs arising fr…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b9ef317f97fa418f33555ada8b11e0868de424e8b9c4e821e0aa1b901fcf9d2e","downloaded_from":"2026-09-10T01:02:40.011Z","last_downloaded_at":"2026-09-10T01:02:40.011Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478442","source_sha256":"1eb78c61c668cae2a723260ae23ecad58ec2ed2b9de68e035e4482b9a7592096"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1152b3c0ba70e1a811332872be8099aef63d71545d36ed11975f12647743ff55","downloaded_from":"2026-09-10T01:02:40.011Z","last_downloaded_at":"2026-09-10T01:02:40.011Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478442","source_sha256":"1eb78c61c668cae2a723260ae23ecad58ec2ed2b9de68e035e4482b9a7592096"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:4fbe160c2eaa74bc4f889dce450ec6f8fc2ebe08b8bc2c34df537aa4e366e690","downloaded_from":"2026-09-10T01:02:40.011Z","last_downloaded_at":"2026-09-10T01:02:40.011Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478442","source_sha256":"1eb78c61c668cae2a723260ae23ecad58ec2ed2b9de68e035e4482b9a7592096"}},{"number":"50","label":"50 Disclosure","anchor":"50-disclosure","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"715-958-50-1","para":"50-1","html":"
Not-for-profit entities (NFPs) shall make the following substitutions when applying the disclosure requirements of Section 715-20-50:
  1. a
    The references to the net gain or loss, net prior service cost or credit, and net transition asset or obligation recognized in other comprehensive income in paragraphs 715-20-50-1(i) and 715-20-50-5(h) shall instead be to such amounts recognized as changes in net assets without donor restrictions arising from a defined benefit plan but not yet included in net periodic benefit cost.
  2. b
    The references to reclassification adjustments of other comprehensive income in paragraphs 715-20-50-1(i) and 715-20-50-5(h) shall instead be to reclassifications to net periodic benefit cost of amounts previously recognized as changes in net assets without donor restrictions arising from a defined benefit plan but not included in net periodic benefit cost when they arose.
  3. c
    The references to the net gain or loss, net prior service cost or credit, and net transition asset or obligation recognized in accumulated other comprehensive income in the following paragraphs shall instead be to such amounts that have been recognized as changes in net assets without donor restrictions arising from a defined benefit plan but not yet reclassified as components of net periodic benefit cost:
    1. 1
      Paragraph 715-20-50-5(i)
    2. 2
      Paragraph 715-20-50-1(j)
    3. 3
      Subparagraph superseded by Accounting Standards Update No. 2018-14.
    4. 4
      Subparagraph superseded by Accounting Standards Update No. 2018-14.
  4. d
    The references to results of operations (including items of other comprehensive income) in paragraphs 715-20-50-1 and 715-20-50-5 shall instead be to changes in net assets without donor restrictions and the references to a statement of income in those paragraphs shall instead be to a statement of activities.
","snippet":"Not-for-profit entities (NFPs) shall make the following substitutions when applying the disclosure requirements of Section 715-20-50:\n(a) The references to the net gain or loss, net prior service cost or credit, and net …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:fa110e8757ce44b425a23eefb80cc2fbd3cab2190780b02a485f1c72a12e3fa3","downloaded_from":"2026-09-10T01:02:42.723Z","last_downloaded_at":"2026-09-10T01:02:42.723Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477514","source_sha256":"7ee7e68b576c7dd4fd4f5f06bbdf842ad15993a9ea3369ad59e92b877dcf9782"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b4022521ea5cc1a59f8e649173c964c5297aa7c86c861e5f0ed3ef9b9ed665b6","downloaded_from":"2026-09-10T01:02:42.723Z","last_downloaded_at":"2026-09-10T01:02:42.723Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477514","source_sha256":"7ee7e68b576c7dd4fd4f5f06bbdf842ad15993a9ea3369ad59e92b877dcf9782"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:5f5cbce102e6b0793888021c9ce0c36d17c66e911b9d2d9b32fd29b08259f17e","downloaded_from":"2026-09-10T01:02:42.723Z","last_downloaded_at":"2026-09-10T01:02:42.723Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477514","source_sha256":"7ee7e68b576c7dd4fd4f5f06bbdf842ad15993a9ea3369ad59e92b877dcf9782"}},{"number":"55","label":"55 Implementation Guidance and Illustrations","anchor":"55-implementation-guidance-and-illustrations","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"715-958-55-1","para":"55-1","html":"
This Section, which is an integral part of the requirements of this Subtopic, provides general guidance to be used by a not-for-profit entity (NFP) in reporting its retirement benefit plans.
","snippet":"This Section, which is an integral part of the requirements of this Subtopic, provides general guidance to be used by a not-for-profit entity (NFP) in reporting its retirement benefit plans.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:6d1c9c4e325ae4b5e117105a7e3265fa4522924194f33b170cec71c7d13e811b","downloaded_from":"2026-09-10T01:02:44.737Z","last_downloaded_at":"2026-09-10T01:02:44.737Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478498","source_sha256":"0c798ed8c2338769a28e77b814a2e21c5c8c1deebb57f952a860262f3018e2b7"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:da481f9ff26eda08e21a9303c0b1c621bf75f1d7751ecf6bc87232ed571af30d","downloaded_from":"2026-09-10T01:02:44.737Z","last_downloaded_at":"2026-09-10T01:02:44.737Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478498","source_sha256":"0c798ed8c2338769a28e77b814a2e21c5c8c1deebb57f952a860262f3018e2b7"}},{"block":null,"heading":"Implementation Guidance","paragraphs":[{"citation":"715-958-55-2","para":"55-2","html":"
For reporting by a not-for-profit entity (NFP) that has a defined benefit pension plan that covers employees at the national and all local chapters to which each chapter is required to contribute based on a predetermined formula and for which plan assets are not segregated or restricted on a chapter-by-chapter basis, see paragraph 715-30-55-63.
","snippet":"For reporting by a not-for-profit entity (NFP) that has a defined benefit pension plan that covers employees at the national and all local chapters to which each chapter is required to contribute based on a predetermined…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1a98acc17ad2551eff0ce7f61fc684ad3623b83874993dfe18d8bc6e13e7fb62","downloaded_from":"2026-09-10T01:02:44.737Z","last_downloaded_at":"2026-09-10T01:02:44.737Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478498","source_sha256":"0c798ed8c2338769a28e77b814a2e21c5c8c1deebb57f952a860262f3018e2b7"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ecbc96b6aaf0bcbaaaad606fa48ff8a54129ad11a69ab4fba67d592b627fc514","downloaded_from":"2026-09-10T01:02:44.737Z","last_downloaded_at":"2026-09-10T01:02:44.737Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478498","source_sha256":"0c798ed8c2338769a28e77b814a2e21c5c8c1deebb57f952a860262f3018e2b7"}},{"block":null,"heading":"Illustrations","paragraphs":[{"citation":"715-958-55-3","para":"55-3","html":"
This Example illustrates the guidance in Sections 958-715-35 and 958-715-45.
","snippet":"This Example illustrates the guidance in Sections 958-715-35 and 958-715-45.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:cc37ab79212224abba8fc9b32eb4bab52e0e0abe59d4b13c52be8a446beb30b3","downloaded_from":"2026-09-10T01:02:44.737Z","last_downloaded_at":"2026-09-10T01:02:44.737Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478498","source_sha256":"0c798ed8c2338769a28e77b814a2e21c5c8c1deebb57f952a860262f3018e2b7"}},{"citation":"715-958-55-4","para":"55-4","html":"
Not-for-Profit Entity A's (NFP A's) actuary prepares a 12-month projection of net periodic pension cost for July 1, 20X7, to June 30, 20X8. The funded status of NFP A's defined benefit pension plan as of June 30, 20X7, and June 30, 20X8, and amounts to be recognized as components of net periodic pension cost are shown in paragraph 958-715-55-5. The cumulative net loss not yet recognized as a component of net periodic pension cost is less than 10 percent of the greater of the projected benefit obligation and the market-related value of plan assets. No plan amendments affect the period from July 1, 20X7, to June 30, 20X8. Assumptions about benefit payments and contributions made by NFP A have not been included in this Example. During the fiscal year ending June 30, 20X8, NFP A does the following:
  1. a
    Recognizes the additional net loss as a change in net assets without donor restrictions and a change in the liability that reflects the underfunded status of the plan
  2. b
    Recognizes the amortization of the transition obligation as a component of net periodic pension cost
  3. c
    Recognizes the amortization of prior service cost as a component of net periodic pension cost
  4. d
    Recognizes net periodic pension cost within the appropriate functional expense categories for 20X8, with the service cost component reported as part of the intermediate measure of operations (for example, increase in net assets from operating activities) and the other components reported in a separate line item, outside the intermediate measure of operations presented by NFP A, within changes in net assets without donor restrictions.
","snippet":"Not-for-Profit Entity A's (NFP A's) actuary prepares a 12-month projection of net periodic pension cost for July 1, 20X7, to June 30, 20X8. The funded status of NFP A's defined benefit pension plan as of June 30, 20X7, a…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:34c8f8d9f85a3bf2f1d0d38d13ad4b71bc6db14a0ead98974d55c92439a7ba08","downloaded_from":"2026-09-10T01:02:44.737Z","last_downloaded_at":"2026-09-10T01:02:44.737Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478498","source_sha256":"0c798ed8c2338769a28e77b814a2e21c5c8c1deebb57f952a860262f3018e2b7"}},{"citation":"715-958-55-5","para":"55-5","html":"
These facts are illustrated in the following table.
","snippet":"These facts are illustrated in the following table.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:24808ecec820749f9a9513de91ce82cc2c956fe6dcdf159845bbe4d35e66c43b","downloaded_from":"2026-09-10T01:02:44.737Z","last_downloaded_at":"2026-09-10T01:02:44.737Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478498","source_sha256":"0c798ed8c2338769a28e77b814a2e21c5c8c1deebb57f952a860262f3018e2b7"}},{"citation":"715-958-55-6","para":"55-6","html":"
For the year ending June 30, 20X8, NFP A recognizes the amortizations of the transition obligation and prior service cost as components of net periodic pension cost and recognizes the additional loss arising during the year. The journal entries are as follows:
  1. a
    Recognize the additional loss in net assets without donor restrictions.
    • Net loss not yet recognized in net periodic pension cost 50 Liability for pension benefits 50
  2. b
    Recognize the amortization of the transition obligation in net periodic pension cost.
    • \"Net periodic pension cost—transition obligation (functionalized)\" 40 Transition obligation not yet recognized in net periodic pension cost 40
  3. c
    Recognize the amortization of prior service cost in net periodic pension cost.
    • \"Net periodic pension cost—prior service cost (functionalized)\" 100 \"Prior service cost not yet recognized in net periodic pension cost\" 100
  4. d
    Recognize service cost separately and recognize the interest cost and the expected return on plan assets together in net periodic pension cost.
    • Net periodic pension cost—service cost (functionalized) 110 Net periodic pension cost—interest cost and expected return on plan assets (functionalized) 5\t(b) Liability for pension benefits 105 \"(a) Footnote superseded. \" (b) Equals $120 interest cost - $125 expected return on plan assets.
In its statement of activities, NFP A presents the service cost component by appropriate functional expense categories within the intermediate measure of operations (for example, increase in net assets from operating activities), within changes in net assets without donor restrictions, and presents the other components (encompassing the interest cost, the expected return on plan assets, and the amortizations of the transition obligation and prior service cost) in a separate line item (different from the separate line item discussed below for the items not yet recognized as components of net periodic pension cost) outside the intermediate measure of operations, within changes in net assets without donor restrictions. NFP A presents in a separate line item, outside the intermediate measure of operations, within changes in net assets without donor restrictions, the items (encompassing the net loss arising during the year and the changes in the transition obligation and prior service cost) not yet recognized as components of net periodic pension cost. NFP A would disclose, in the notes to financial statements, the information required by paragraph 958-715-50-1. NFP A also would disclose, in the notes to financial statements, an analysis of all expenses (including the service cost component and the other components of net periodic pension cost) by their nature and function in accordance with paragraphs 958-720-45-2 and 958-720-45-15.
","snippet":"For the year ending June 30, 20X8, NFP A recognizes the amortizations of the transition obligation and prior service cost as components of net periodic pension cost and recognizes the additional loss arising during the y…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:dcbc81bdb4f6ee51c4ef2cbd33234f3c4ede645997eb169ce14cddee9d943f6e","downloaded_from":"2026-09-10T01:02:44.737Z","last_downloaded_at":"2026-09-10T01:02:44.737Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478498","source_sha256":"0c798ed8c2338769a28e77b814a2e21c5c8c1deebb57f952a860262f3018e2b7"}},{"citation":"715-958-55-7","para":"55-7","html":"
The following statement of activities reflects how NFP A presents the service cost component and the other components of net periodic pension cost and the items not yet recognized as components of net periodic pension cost in its statement of activities, which presents an intermediate measure of operations.
","snippet":"The following statement of activities reflects how NFP A presents the service cost component and the other components of net periodic pension cost and the items not yet recognized as components of net periodic pension co…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:45a825b8f2def05ef2614e405f6bdfb484d48c50e7e36e98e71ccde36dd9d1b0","downloaded_from":"2026-09-10T01:02:44.737Z","last_downloaded_at":"2026-09-10T01:02:44.737Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478498","source_sha256":"0c798ed8c2338769a28e77b814a2e21c5c8c1deebb57f952a860262f3018e2b7"}},{"citation":"715-958-55-8","para":"55-8","html":"
Paragraph superseded by Accounting Standards Update No. 2017-07.
","snippet":"Paragraph superseded by Accounting Standards Update No. 2017-07.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:5c3e005e1774f3c7875c1162f20fbeac13b581ea72a3f5022ae2000ebe879433","downloaded_from":"2026-09-10T01:02:44.737Z","last_downloaded_at":"2026-09-10T01:02:44.737Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478498","source_sha256":"0c798ed8c2338769a28e77b814a2e21c5c8c1deebb57f952a860262f3018e2b7"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:229a2033bd083ef595c128257bc1e43c15b56d074b655bbed33950e712953541","downloaded_from":"2026-09-10T01:02:44.737Z","last_downloaded_at":"2026-09-10T01:02:44.737Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478498","source_sha256":"0c798ed8c2338769a28e77b814a2e21c5c8c1deebb57f952a860262f3018e2b7"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:51b921576256993641c7ed34c33801f762052eb45b3d27d7a4ab7ccf8c912006","downloaded_from":"2026-09-10T01:02:44.737Z","last_downloaded_at":"2026-09-10T01:02:44.737Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478498","source_sha256":"0c798ed8c2338769a28e77b814a2e21c5c8c1deebb57f952a860262f3018e2b7"}},{"number":"65","label":"65 Transition and Open Effective Date Information","anchor":"65-transition-and-open-effective-date-information","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"715-958-65-1","para":"65-1","html":"
Paragraph superseded on 03/23/2010 after the end of the transition period stated in FASB Statement No. 158, Employers' Accounting for Defined Benefit Pension and Other Postretirement Plans, and FSP FAS 158-1.
","snippet":"Paragraph superseded on 03/23/2010 after the end of the transition period stated in FASB Statement No. 158, Employers' Accounting for Defined Benefit Pension and Other Postretirement Plans, and FSP FAS 158-1.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e46d6b91ab7518e0adfd70ee10cd703332b8ba87e6697d16a1644c814828c360","downloaded_from":"2026-09-10T01:02:46.650Z","last_downloaded_at":"2026-09-10T01:02:46.650Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478972","source_sha256":"c4b3bf7ec92438ac86aed7c814e0fb69b1791fd0eac5b904ea1cccbfe74ba86e"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:966dc0f4add9da1616f98f0f89fbf45b852d2eb7e48efebb8a80efbb964537e9","downloaded_from":"2026-09-10T01:02:46.650Z","last_downloaded_at":"2026-09-10T01:02:46.650Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478972","source_sha256":"c4b3bf7ec92438ac86aed7c814e0fb69b1791fd0eac5b904ea1cccbfe74ba86e"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:cb28a9a29d239e641954a1d007640d4ca09d4eaec61335e789ddf968aa011882","downloaded_from":"2026-09-10T01:02:46.650Z","last_downloaded_at":"2026-09-10T01:02:46.650Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478972","source_sha256":"c4b3bf7ec92438ac86aed7c814e0fb69b1791fd0eac5b904ea1cccbfe74ba86e"}}],"enrichment":{"summary":"This Subtopic adapts Topic 715 (pension and other postretirement benefits) for not-for-profit entities, which do not report other comprehensive income. Everywhere Topic 715 would require net gains or losses, prior service costs or credits, and transition assets or obligations to run through OCI/AOCI, an NFP instead recognizes those amounts as changes in net assets without donor restrictions that have not yet been reclassified into net periodic benefit cost. Those amounts, and the non-service components of net periodic benefit cost, are presented in separate line items outside any intermediate measure of operations (or performance indicator for business-oriented health care NFPs).","key_points":["An NFP applying the recognition provisions of paragraph 715-30-25-4 substitutes 'changes in net assets without donor restrictions arising from a defined benefit plan (or postretirement benefit plan) not yet reclassified as components of net periodic benefit cost' for AOCI references (715-958-25-1).","The same substitution applies to gains and losses, prior service costs or credits, and transition assets or obligations under Sections 715-30-35 and 715-60-35, and to paragraphs 715-30-35-65, 715-60-35-127, and 715-30-35-25(a) (715-958-35-1 through 35-5).","Gains and losses not immediately recognized in net periodic pension cost under 715-30-35-21 are recognized in accordance with 958-715-45-1 (715-958-35-6); NFPs not reporting OCI apply 715-30-35-79 through 35-96 in an analogous manner (715-958-35-7).","The net gain or loss, prior service costs or credits, and transition asset or obligation that would go to OCI are reported as a separate line item or items, apart from expenses, outside an intermediate measure of operations or performance indicator (954-220-45-5), within changes in net assets without donor restrictions (715-958-45-1).","Amounts previously so recognized are reclassified to net periodic pension cost under 715-30-35-3 through 35-28 or to net periodic postretirement benefit cost under 715-60-35-7 through 35-40, with the contra adjustment reported in the same line item (715-958-45-2).","Service cost is reported in the same line item(s) as other employee compensation costs (unless capitalized), while the other components defined in 715-30-35-4 and 715-60-35-9 are reported separately and outside any intermediate measure of operations; both are reported by functional expense classification per 958-720-45-2 and 958-720-45-15 (715-958-45-3).","Disclosures under Section 715-20-50 are made with substitutions: 'changes in net assets without donor restrictions' for OCI/AOCI and results of operations, and 'statement of activities' for 'statement of income' (715-958-50-1)."],"categories":["Compensation and benefits","Not-for-profit","Presentation","Disclosure"],"audience_level":"intermediate","student_note":"The whole point of this Subtopic is translation: NFPs have no OCI, so every Topic 715 reference to OCI/AOCI becomes a change in (and cumulative amount within) net assets without donor restrictions. Students commonly confuse the two required separate line items — one for the non-service components of net periodic benefit cost, and a different one for gains/losses, prior service cost, and transition amounts not yet reclassified into that cost.","related_topics":["715-30","715-60","715-20","958-720","954-220","220"],"key_concepts":["not-for-profit entity","net assets without donor restrictions","net periodic pension cost","net periodic postretirement benefit cost","prior service cost or credit","transition asset or obligation","intermediate measure of operations","performance indicator"],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:cf2c906dc26c3e6850b18f8e0dec97b2b60dbfc2ba93081a35e06567b89bb326","downloaded_from":"2026-09-10T01:02:23.996Z","last_downloaded_at":"2026-09-10T01:02:46.650Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},"related":[{"number":"220-958","title":"Not-for-Profit Entities","topic_title":"Income Statement—Reporting Comprehensive Income","score":0.8213,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:46ff41fe992f45ffafe418ee66068215344729f17eb80912642c2fba989bbd9b","downloaded_from":"2026-09-09T23:07:15.767Z","last_downloaded_at":"2026-09-09T23:07:32.842Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"715-980","title":"Regulated Operations","topic_title":"Compensation—Retirement Benefits","score":0.7997,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:60d4db8486e87627278cb93023cafaf72bb7a50b4ee40744b2c65d96fdfd44ea","downloaded_from":"2026-09-10T01:02:48.718Z","last_downloaded_at":"2026-09-10T01:03:11.702Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"205-958","title":"Not-for-Profit Entities","topic_title":"Presentation of Financial Statements","score":0.7755,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:abe10ab8aae9339372728546f63d5f4366a0b9c8c285b8acdc4cf9e25adc1f28","downloaded_from":"2026-09-09T22:55:47.235Z","last_downloaded_at":"2026-09-09T22:56:13.307Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"715-30","title":"Defined Benefit Plans—Pension","topic_title":"Compensation—Retirement Benefits","score":0.7744,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a03aef5e57769275f99ff184e218d2449fe976c64d7f6d2983e3dda2ce7a40c8","downloaded_from":"2026-09-10T00:59:50.700Z","last_downloaded_at":"2026-09-10T01:00:20.275Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"715-60","title":"Defined Benefit Plans—Other Postretirement","topic_title":"Compensation—Retirement Benefits","score":0.7733,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e4de396285eec0a009f1a7e1d953f5170f97c875025478ddd241bfc800b1874e","downloaded_from":"2026-09-10T01:00:25.988Z","last_downloaded_at":"2026-09-10T01:00:54.564Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"325-958","title":"Not-for-Profit Entities","topic_title":"Investments—Other","score":0.7711,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:5c9e2b82f1b5eaa0c9dab7135ec611d9e8a7d5a03c7714706f67f29d7e177601","downloaded_from":"2026-09-09T23:47:13.039Z","last_downloaded_at":"2026-09-09T23:47:39.630Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}}],"prev":{"number":"715-930","title":"Extractive Activities—Mining","topic_title":"Compensation—Retirement Benefits","provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:809523c341dbb3ec580b205389908be5877b8e1a0a72115ff24c96a27e6de95a","downloaded_from":"2026-09-10T01:02:03.426Z","last_downloaded_at":"2026-09-10T01:02:21.382Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},"next":{"number":"715-980","title":"Regulated Operations","topic_title":"Compensation—Retirement Benefits","provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8985fb3fc6888fb69f2f926ecf0b222d98ba908a031bab1768252d071ea534e5","downloaded_from":"2026-09-10T01:02:48.718Z","last_downloaded_at":"2026-09-10T01:03:11.702Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a8cd844beb77043fabb30b5852a4db90f1981ec30a60cce5c8c29ddc728e4620","downloaded_from":"2026-09-10T01:02:23.996Z","last_downloaded_at":"2026-09-10T01:02:46.650Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"715-980","topic":"715","title":"Regulated Operations","area":"Expenses","paragraphs":40,"summary":"ASC 715-980 tells rate-regulated entities how to account for the difference between net periodic pension cost (715-30) or net periodic postretirement benefit cost (715-60) and the amounts of those costs allowed for rate-making purposes. The regulator's actions create a regulatory asset (deferred cost whose recovery is probable) or a liability (unearned revenue collected for future costs), which changes only the timing of expense recognition, not the underlying 715-30/715-60 measurement. Deferral of 715-60 costs as a regulatory asset is permitted only if strict criteria about the rate order, five-year phase-in, roughly 20-year deferral-recovery period, and non-increasing rate escalation are met.","concepts":["regulatory asset","rate-making purposes","net periodic pension cost","net periodic postretirement benefit cost","unearned revenue liability","probable future rate recovery","deferral-recovery period","discontinued plan"],"categories":["Compensation and benefits","Industry-specific","Recognition","Disclosure"],"level":"advanced","topic_title":"Compensation—Retirement Benefits","sections":[{"number":"00","label":"00 Status","anchor":"00-status","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"715-980-00-1","para":"00-1","html":"
The following table identifies the changes made to this Subtopic.
ParagraphActionAccounting Standards UpdateDate
Defined Benefit PlanAddedAccounting Standards Update No. 2014-0603/14/2014
980-715-15-1AmendedAccounting Standards Update No. 2017-0703/10/2017
980-715-45-1AddedAccounting Standards Update No. 2017-0703/10/2017
980-715-55-7AmendedAccounting Standards Update No. 2014-0603/14/2014
980-715-55-10AmendedAccounting Standards Update No. 2017-0703/10/2017
980-715-55-25AmendedAccounting Standards Update No. 2017-0703/10/2017
","snippet":"The following table identifies the changes made to this Subtopic.\nParagraph | Action | Accounting Standards Update | Date |\n| | | |\nDefined Benefit Plan | Added | Accounting Standards Update No. 2014-06 | 03/14/2014 |\n| …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:4ed53217fbcaf9bba75cd47270545456100012304c2f124f14e146eb32fc0200","downloaded_from":"2026-09-10T01:02:48.718Z","last_downloaded_at":"2026-09-10T01:02:48.718Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477388","source_sha256":"204b99f2769eacb8da8e5db4d0b132d6d413019260eb9ff51e5ea6ef1271206f"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:7911ffed74b30c6b14021e9e5bc06c16bd928530e8e86993e646759cf042b70c","downloaded_from":"2026-09-10T01:02:48.718Z","last_downloaded_at":"2026-09-10T01:02:48.718Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477388","source_sha256":"204b99f2769eacb8da8e5db4d0b132d6d413019260eb9ff51e5ea6ef1271206f"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:90ff48a2088668665f648ba3dacbe53cbc7dc2e0b0660a7117872038f036d407","downloaded_from":"2026-09-10T01:02:48.718Z","last_downloaded_at":"2026-09-10T01:02:48.718Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477388","source_sha256":"204b99f2769eacb8da8e5db4d0b132d6d413019260eb9ff51e5ea6ef1271206f"}},{"number":"05","label":"05 Overview and Background","anchor":"05-overview-and-background","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"715-980-05-1","para":"05-1","html":"
This Subtopic provides guidance for compensation related to pension costs and other postretirement benefit costs for entities with regulated operations.
","snippet":"This Subtopic provides guidance for compensation related to pension costs and other postretirement benefit costs for entities with regulated operations.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e4487404b76fb003b62d27a7ae4423baca07b9816a12122dc048755d8e54e4f2","downloaded_from":"2026-09-10T01:02:52.334Z","last_downloaded_at":"2026-09-10T01:02:52.334Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477481","source_sha256":"d8a3bb395543bbf3bf9ebc5e4754f139b0232e3bd75aacf8c0070a7d32138a4b"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3f0edc98912600d7316ece2e1c65afad88042305a8a07ea4fb17e4ef2666a78b","downloaded_from":"2026-09-10T01:02:52.334Z","last_downloaded_at":"2026-09-10T01:02:52.334Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477481","source_sha256":"d8a3bb395543bbf3bf9ebc5e4754f139b0232e3bd75aacf8c0070a7d32138a4b"}},{"block":null,"heading":"Postretirement Pension Cost","paragraphs":[{"citation":"715-980-05-2","para":"05-2","html":"
This Subtopic provides guidance for the difference between net periodic pension cost as defined in Subtopic 715-30 and amounts of pension cost considered for rate-making purposes as an asset or a liability created by the actions of the regulator.
","snippet":"This Subtopic provides guidance for the difference between net periodic pension cost as defined in Subtopic 715-30 and amounts of pension cost considered for rate-making purposes as an asset or a liability created by the…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f98d7bf6665c6843d7abd4eb3832d4f96030b37d641f64a5699384061905a2cd","downloaded_from":"2026-09-10T01:02:52.334Z","last_downloaded_at":"2026-09-10T01:02:52.334Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477481","source_sha256":"d8a3bb395543bbf3bf9ebc5e4754f139b0232e3bd75aacf8c0070a7d32138a4b"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0c4f201ee8c1a0f71c2d5201ec11439b8c3b5dc044987026b35c5ef900f92629","downloaded_from":"2026-09-10T01:02:52.334Z","last_downloaded_at":"2026-09-10T01:02:52.334Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477481","source_sha256":"d8a3bb395543bbf3bf9ebc5e4754f139b0232e3bd75aacf8c0070a7d32138a4b"}},{"block":null,"heading":"Other Postretirement Benefit Cost","paragraphs":[{"citation":"715-980-05-3","para":"05-3","html":"
This Subtopic provides guidance for the difference between net periodic postretirement benefit cost as defined in Subtopic 715-60 and amounts of postretirement benefit cost considered for rate-making purposes as an asset or a liability created by the actions of the regulator.
","snippet":"This Subtopic provides guidance for the difference between net periodic postretirement benefit cost as defined in Subtopic 715-60 and amounts of postretirement benefit cost considered for rate-making purposes as an asset…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2c4fbe8057bfaffc1f6e36178912c3d8dd24a33b4fb1a17de890e1ef5d8c812b","downloaded_from":"2026-09-10T01:02:52.334Z","last_downloaded_at":"2026-09-10T01:02:52.334Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477481","source_sha256":"d8a3bb395543bbf3bf9ebc5e4754f139b0232e3bd75aacf8c0070a7d32138a4b"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:144d04a094ef8ad02089570a68801f8267bc1cdc24d915d032e8b86a36381fc2","downloaded_from":"2026-09-10T01:02:52.334Z","last_downloaded_at":"2026-09-10T01:02:52.334Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477481","source_sha256":"d8a3bb395543bbf3bf9ebc5e4754f139b0232e3bd75aacf8c0070a7d32138a4b"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e3e373ca9a59dad7db887d7313f9948e747310ecb611424765028059db85a584","downloaded_from":"2026-09-10T01:02:52.334Z","last_downloaded_at":"2026-09-10T01:02:52.334Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477481","source_sha256":"d8a3bb395543bbf3bf9ebc5e4754f139b0232e3bd75aacf8c0070a7d32138a4b"}},{"number":"15","label":"15 Scope and Scope Exceptions","anchor":"15-scope-and-scope-exceptions","is_sec":false,"groups":[{"block":null,"heading":"Overall Guidance","paragraphs":[{"citation":"715-980-15-1","para":"15-1","html":"
This Subtopic follows the same Scope and Scope Exceptions as outlined in the Overall Subtopic, see Section 980-10-15. Accordingly, the guidance related to the accounting for regulatory assets related to other postretirement benefit costs (see Subtopic 715-60) is for rate-regulated entities that meet the criteria for applying this Topic. In addition, the provisions of paragraphs 715-30-35-7A and 715-60-35-10A shall not change the accounting for regulatory assets related to postretirement pension cost and other postretirement benefit cost for rate-regulated entities.
","snippet":"This Subtopic follows the same Scope and Scope Exceptions as outlined in the Overall Subtopic, see Section 980-10-15. Accordingly, the guidance related to the accounting for regulatory assets related to other postretirem…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d5a952b7128b5cbc803bb474e9bee74c9f724154e04ef7c9e9d4b9d9c2b022fd","downloaded_from":"2026-09-10T01:02:54.639Z","last_downloaded_at":"2026-09-10T01:02:54.639Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478715","source_sha256":"b535eabe76912e4bea061c75df6a07106a06619c91e7a7f76017c54b594a396e"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:dc5203e64ba0fcf96e43dff075f5bb673ac762041e294ff7cf85a188e30844d3","downloaded_from":"2026-09-10T01:02:54.639Z","last_downloaded_at":"2026-09-10T01:02:54.639Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478715","source_sha256":"b535eabe76912e4bea061c75df6a07106a06619c91e7a7f76017c54b594a396e"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:76882b100ce62108c88631d07b63c83acfcbba6d7d89978a5e7e65afcb671dac","downloaded_from":"2026-09-10T01:02:54.639Z","last_downloaded_at":"2026-09-10T01:02:54.639Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478715","source_sha256":"b535eabe76912e4bea061c75df6a07106a06619c91e7a7f76017c54b594a396e"}},{"number":"25","label":"25 Recognition","anchor":"25-recognition","is_sec":false,"groups":[{"block":null,"heading":"Postretirement Pension Cost","paragraphs":[{"citation":"715-980-25-1","para":"25-1","html":"
This Subtopic requires that the difference between net periodic pension cost as defined in Subtopic 715-30 and amounts of pension cost considered for rate-making purposes be recognized as an asset or a liability created by the actions of the regulator. Those actions of the regulator change the timing of recognition of net pension cost as an expense; they do not otherwise affect the requirements of that Subtopic.
","snippet":"This Subtopic requires that the difference between net periodic pension cost as defined in Subtopic 715-30 and amounts of pension cost considered for rate-making purposes be recognized as an asset or a liability created …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:dbeac4df65c6b25eceedba7e68273a1f946ca57d3d0c806dd960e70084a2a11b","downloaded_from":"2026-09-10T01:03:00.783Z","last_downloaded_at":"2026-09-10T01:03:00.783Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478945","source_sha256":"a2573fdf661961b39fe62bf087d40d8a4873009731d131700f44cf862516d536"}},{"citation":"715-980-25-2","para":"25-2","html":"
Example 1 (see paragraph 980-715-55-9) illustrates accounting for pensions by an employer with regulated operations.
","snippet":"Example 1 (see paragraph 980-715-55-9) illustrates accounting for pensions by an employer with regulated operations.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:5ed95ca828de4017e7bd959af50827fb1051883dc9fe6687cf6b6d065873d24a","downloaded_from":"2026-09-10T01:03:00.783Z","last_downloaded_at":"2026-09-10T01:03:00.783Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478945","source_sha256":"a2573fdf661961b39fe62bf087d40d8a4873009731d131700f44cf862516d536"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b6380ebe9b8121b8693deab4cf95a39474b12ca163f1e3efca27f882f497ae30","downloaded_from":"2026-09-10T01:03:00.783Z","last_downloaded_at":"2026-09-10T01:03:00.783Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478945","source_sha256":"a2573fdf661961b39fe62bf087d40d8a4873009731d131700f44cf862516d536"}},{"block":null,"heading":"Other Postretirement Benefit Cost","paragraphs":[{"citation":"715-980-25-3","para":"25-3","html":"
For purposes of this Subtopic, other postretirement benefits refer to all forms of benefits, other than pensions, provided by an employer to retirees.
","snippet":"For purposes of this Subtopic, other postretirement benefits refer to all forms of benefits, other than pensions, provided by an employer to retirees.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ac0f8bc59d0e6263714a398f41add3454b9bcb993f5ef7744efa2872ce3c80d3","downloaded_from":"2026-09-10T01:03:00.783Z","last_downloaded_at":"2026-09-10T01:03:00.783Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478945","source_sha256":"a2573fdf661961b39fe62bf087d40d8a4873009731d131700f44cf862516d536"}},{"citation":"715-980-25-4","para":"25-4","html":"
For continuing postretirement benefit plans, a regulatory asset related to Subtopic 715-60 costs shall not be recorded if the regulator continues to include other postretirement benefit costs in rates on a pay-as-you-go basis. The application of this Topic requires that a rate-regulated entity's rates be designed to recover the specific entity's costs of providing the regulated service or product. Accordingly, an entity's cost of providing a regulated service or product includes the costs provided for in Subtopic 715-60.
","snippet":"For continuing postretirement benefit plans, a regulatory asset related to Subtopic 715-60 costs shall not be recorded if the regulator continues to include other postretirement benefit costs in rates on a pay-as-you-go …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:153d7691921001926063b6f4c855f47dc596e4f2632f2c410b470ef12e855241","downloaded_from":"2026-09-10T01:03:00.783Z","last_downloaded_at":"2026-09-10T01:03:00.783Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478945","source_sha256":"a2573fdf661961b39fe62bf087d40d8a4873009731d131700f44cf862516d536"}},{"citation":"715-980-25-5","para":"25-5","html":"
For a continuing postretirement benefit plan a rate-regulated entity shall recognize a regulatory asset for the difference between Subtopic 715-60 costs and other postretirement benefit costs included in the entity's rates if the entity does both of the following:
  1. a
    Determines that it is probable that future revenue in an amount at least equal to the deferred cost (regulatory asset) will be recovered in rates
  2. b
    Meets all of the following criteria:
    1. 1
      The rate-regulated entity's regulator has issued a rate order or issued a policy statement or a generic order applicable to entities within the regulator's jurisdiction that allows both for the deferral of Subtopic 715-60 costs and for the subsequent inclusion of those deferred costs in the entity's rates.
    2. 2
      The annual Subtopic 715-60 costs (including amortization of the transition obligation) will be included in rates within approximately five years from the date of adoption of that Subtopic. The change to full accrual accounting may take place in steps, but the period for deferring additional amounts shall not exceed approximately five years.
    3. 3
      The combined deferral-recovery period authorized by the regulator for the regulatory asset shall not exceed approximately 20 years from the date of adoption of Subtopic 715-60. To the extent that the regulator imposes a deferral-recovery period for those costs provided for in Subtopic 715-60 greater than approximately 20 years, any proportionate amount of such costs not recoverable within approximately 20 years shall not be recognized as a regulatory asset.
    4. 4
      The percentage increase in rates scheduled under the regulatory recovery plan for each future year shall be no greater than the percentage increase in rates scheduled under the plan for each immediately preceding year. This criterion is similar to that required for phase-in plans in paragraph 980-340-25-3(d). Recovery of the regulatory asset in rates on a straight-line basis would meet this criterion.
","snippet":"For a continuing postretirement benefit plan a rate-regulated entity shall recognize a regulatory asset for the difference between Subtopic 715-60 costs and other postretirement benefit costs included in the entity's rat…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:fa4628dea5fdb304a8f0bba42d2badce3c9e9be084c0ea0d335dcded0d5d5088","downloaded_from":"2026-09-10T01:03:00.783Z","last_downloaded_at":"2026-09-10T01:03:00.783Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478945","source_sha256":"a2573fdf661961b39fe62bf087d40d8a4873009731d131700f44cf862516d536"}},{"citation":"715-980-25-6","para":"25-6","html":"
This guidance applies to rate-regulated entities that elect to immediately recognize their postretirement benefit transition obligation under Subtopic 715-60 as well as those entities that elect to delay the recognition of and amortize their postretirement benefit transition obligation in accordance with that Subtopic.
","snippet":"This guidance applies to rate-regulated entities that elect to immediately recognize their postretirement benefit transition obligation under Subtopic 715-60 as well as those entities that elect to delay the recognition …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:086502ed4c32fa411099017e4e3dfed364cc92da316c78d08361dd19c1bc3cd8","downloaded_from":"2026-09-10T01:03:00.783Z","last_downloaded_at":"2026-09-10T01:03:00.783Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478945","source_sha256":"a2573fdf661961b39fe62bf087d40d8a4873009731d131700f44cf862516d536"}},{"citation":"715-980-25-7","para":"25-7","html":"
For discontinued plans, a regulatory asset related to Subtopic 715-60 costs shall be recorded if it is probable that future revenue in an amount at least equal to any deferred that Subtopic costs will be recovered in rates within approximately 20 years following the adoption of that Subtopic. Rate recovery during that period may continue on a pay-as-you-go basis. For purposes of this guidance, a discontinued plan is one that results in employees not earning additional benefits for future service (that is, one that has no current service costs).
","snippet":"For discontinued plans, a regulatory asset related to Subtopic 715-60 costs shall be recorded if it is probable that future revenue in an amount at least equal to any deferred that Subtopic costs will be recovered in rat…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e7a043b976f65ddd79eca7a780a31a8f308deb486608fd406ae6f93e44627399","downloaded_from":"2026-09-10T01:03:00.783Z","last_downloaded_at":"2026-09-10T01:03:00.783Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478945","source_sha256":"a2573fdf661961b39fe62bf087d40d8a4873009731d131700f44cf862516d536"}},{"citation":"715-980-25-8","para":"25-8","html":"
If an entity does not initially meet the criteria established in Section 980-715-25 but meets those criteria in a subsequent period, then a regulatory asset related to Subtopic 715-60 costs shall be recognized in the period those criteria are met.
","snippet":"If an entity does not initially meet the criteria established in Section 980-715-25 but meets those criteria in a subsequent period, then a regulatory asset related to Subtopic 715-60 costs shall be recognized in the per…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9f95828b282a56a18739386dab47c1ca723c662554905ee1dcd3bef1142dca48","downloaded_from":"2026-09-10T01:03:00.783Z","last_downloaded_at":"2026-09-10T01:03:00.783Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478945","source_sha256":"a2573fdf661961b39fe62bf087d40d8a4873009731d131700f44cf862516d536"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f25b7f8d2a1019807b9fdc57b75570f30658ea278d70ddac40dbdae7720e6630","downloaded_from":"2026-09-10T01:03:00.783Z","last_downloaded_at":"2026-09-10T01:03:00.783Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478945","source_sha256":"a2573fdf661961b39fe62bf087d40d8a4873009731d131700f44cf862516d536"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b5ce7482f7f2981e21544289029d9a7256a0b55eebcf329fb2c642b4b62974fe","downloaded_from":"2026-09-10T01:03:00.783Z","last_downloaded_at":"2026-09-10T01:03:00.783Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478945","source_sha256":"a2573fdf661961b39fe62bf087d40d8a4873009731d131700f44cf862516d536"}},{"number":"45","label":"45 Other Presentation Matters","anchor":"45-other-presentation-matters","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"715-980-45-1","para":"45-1","html":"
A rate-regulated entity shall present the amount of net periodic pension cost and net periodic postretirement benefit cost in accordance with the provisions of paragraph 715-20-45-3A.
","snippet":"A rate-regulated entity shall present the amount of net periodic pension cost and net periodic postretirement benefit cost in accordance with the provisions of paragraph 715-20-45-3A.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:977c68142b825a387cc9733bf7dd08c6c305e02e2017b7ed7bb344024c27487e","downloaded_from":"2026-09-10T01:03:02.875Z","last_downloaded_at":"2026-09-10T01:03:02.875Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478158","source_sha256":"f04ef08c7ff3817392559df269910c09ec3d0454f9d3288100cfec4ddfd33438"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:5acce4e6bb9bc7df7a8c0903c1e6cbbe472892453996f768a03dfbbcd735a3dc","downloaded_from":"2026-09-10T01:03:02.875Z","last_downloaded_at":"2026-09-10T01:03:02.875Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478158","source_sha256":"f04ef08c7ff3817392559df269910c09ec3d0454f9d3288100cfec4ddfd33438"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:4b53c4e1284c6cab40cd526e4ad801a7efac2ead9c773831afdebd64754757f6","downloaded_from":"2026-09-10T01:03:02.875Z","last_downloaded_at":"2026-09-10T01:03:02.875Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478158","source_sha256":"f04ef08c7ff3817392559df269910c09ec3d0454f9d3288100cfec4ddfd33438"}},{"number":"50","label":"50 Disclosure","anchor":"50-disclosure","is_sec":false,"groups":[{"block":null,"heading":"Regulatory Treatment of Postretirement Benefit Costs","paragraphs":[{"citation":"715-980-50-1","para":"50-1","html":"
A rate-regulated entity shall disclose in its financial statements a description of the regulatory treatment of postretirement benefit costs, the status of any pending regulatory action, the amount of any Subtopic 715-60 costs deferred as a regulatory asset at the balance sheet date, and the period over which the deferred amounts are expected to be recovered in rates.
","snippet":"A rate-regulated entity shall disclose in its financial statements a description of the regulatory treatment of postretirement benefit costs, the status of any pending regulatory action, the amount of any Subtopic 715-60…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:358d56be0efaab8400a23e6b70ffd1911d0763a6fee8cf559b04ba9e05011ccc","downloaded_from":"2026-09-10T01:03:06.373Z","last_downloaded_at":"2026-09-10T01:03:06.373Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478574","source_sha256":"cd896823a50c96615a8a401f65c2af9ce91f965a9f23f14b3724d7381971b4ad"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:11a954d573d1121d9a0c671b3c76a8d9d538a70c7679d1af1000503cd7e07423","downloaded_from":"2026-09-10T01:03:06.373Z","last_downloaded_at":"2026-09-10T01:03:06.373Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478574","source_sha256":"cd896823a50c96615a8a401f65c2af9ce91f965a9f23f14b3724d7381971b4ad"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:db80c11e3ad96a6a30a3625ab1415b41de8b15482a5b7fafd27b1cdea3619889","downloaded_from":"2026-09-10T01:03:06.373Z","last_downloaded_at":"2026-09-10T01:03:06.373Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478574","source_sha256":"cd896823a50c96615a8a401f65c2af9ce91f965a9f23f14b3724d7381971b4ad"}},{"number":"55","label":"55 Implementation Guidance and Illustrations","anchor":"55-implementation-guidance-and-illustrations","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"715-980-55-1","para":"55-1","html":"
All implementation guidance and illustrations assume that the entity meets the criteria of paragraph 980-10-15-2 for the application of this Topic by the entity; thus recovery of any cost is probable if that cost is designated for future recovery by the regulator.
","snippet":"All implementation guidance and illustrations assume that the entity meets the criteria of paragraph 980-10-15-2 for the application of this Topic by the entity; thus recovery of any cost is probable if that cost is desi…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c55ef6f8d0adfdb3b0a8d90cbf79d7a8a24d7aa6069d1b43ad735e3501759609","downloaded_from":"2026-09-10T01:03:08.836Z","last_downloaded_at":"2026-09-10T01:03:08.836Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477713","source_sha256":"c5aa3a90746c54984b26a4bb15a3ea974e52a53655bd748772081a5161078130"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:482032a24030d9ed4238191d55e427e489742e0f32ff5222341a30ba11ce2827","downloaded_from":"2026-09-10T01:03:08.836Z","last_downloaded_at":"2026-09-10T01:03:08.836Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477713","source_sha256":"c5aa3a90746c54984b26a4bb15a3ea974e52a53655bd748772081a5161078130"}},{"block":null,"heading":"Implementation Guidance","paragraphs":[{"citation":"715-980-55-2","para":"55-2","html":"
An employer with regulated operations shall account for the effects of applying Subtopic 715-30 for financial reporting purposes even if another method of accounting for pensions is used for determining allowable pension cost for rate-making purposes.
","snippet":"An employer with regulated operations shall account for the effects of applying Subtopic 715-30 for financial reporting purposes even if another method of accounting for pensions is used for determining allowable pension…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3318482c7bfeaf0af0dba78412d29cc6990e27ce9c9d59c0e4163d08b5994b4b","downloaded_from":"2026-09-10T01:03:08.836Z","last_downloaded_at":"2026-09-10T01:03:08.836Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477713","source_sha256":"c5aa3a90746c54984b26a4bb15a3ea974e52a53655bd748772081a5161078130"}},{"citation":"715-980-55-3","para":"55-3","html":"
As indicated in paragraph 980-715-25-1, Subtopic 715-30 applies to employers with regulated operations.
","snippet":"As indicated in paragraph 980-715-25-1, Subtopic 715-30 applies to employers with regulated operations.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:5681e7ffad7fa8123f27280abb9b7e9169bee26db98c57b5938086e0d4f23c9a","downloaded_from":"2026-09-10T01:03:08.836Z","last_downloaded_at":"2026-09-10T01:03:08.836Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477713","source_sha256":"c5aa3a90746c54984b26a4bb15a3ea974e52a53655bd748772081a5161078130"}},{"citation":"715-980-55-4","para":"55-4","html":"
If this Subtopic applies to the employer, and the amount of net periodic pension cost determined under the method used for rate-making purposes differs from that determined under Subtopic 715-30, the difference would be either of the following:
  1. a
    An asset if the criteria in paragraph 980-340-25-1 are met
  2. b
    A liability if the situation is as described in paragraph 980-405-25-1(b).
","snippet":"If this Subtopic applies to the employer, and the amount of net periodic pension cost determined under the method used for rate-making purposes differs from that determined under Subtopic 715-30, the difference would be …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:01e30a1cc9157a05699e74ed005e424bda2ecc8c756afaea5759538f628131da","downloaded_from":"2026-09-10T01:03:08.836Z","last_downloaded_at":"2026-09-10T01:03:08.836Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477713","source_sha256":"c5aa3a90746c54984b26a4bb15a3ea974e52a53655bd748772081a5161078130"}},{"citation":"715-980-55-5","para":"55-5","html":"
Usually, continued use of different methods for rate-making purposes and general-purpose external financial reporting purposes would result in either the criteria in paragraph 980-340-25-1 being met or the situation described in paragraph 980-405-25-1(b). However, if pension cost determined in accordance with Subtopic 715-30 exceeds pension cost determined in accordance with the method used in setting current rates, the criteria in paragraph 980-340-25-1 would not be met if both of the following conditions exist:
  1. a
    It is probable that the regulator soon will accept a change for rate-making purposes so that pension cost is determined in accordance with Subtopic 715-30.
  2. b
    It is not probable that the regulator will provide revenue to recover the excess cost that results from the use of Subtopic 715-30 for financial reporting purposes during the period between the date that the employer adopts that Subtopic and the rate case implementing the change.
","snippet":"Usually, continued use of different methods for rate-making purposes and general-purpose external financial reporting purposes would result in either the criteria in paragraph 980-340-25-1 being met or the situation desc…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:af17485072a5476c1e0d6054ee956045850dccde0c0babdbf37f91ca98f88de9","downloaded_from":"2026-09-10T01:03:08.836Z","last_downloaded_at":"2026-09-10T01:03:08.836Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477713","source_sha256":"c5aa3a90746c54984b26a4bb15a3ea974e52a53655bd748772081a5161078130"}},{"citation":"715-980-55-6","para":"55-6","html":"
Similarly, if pension cost determined in accordance with the method used in setting current rates exceeds pension cost determined in accordance with Subtopic 715-30, the situation would not be as described in paragraph 980-405-25-1(b) if it is probable that all of the following conditions exist:
  1. a
    The regulator soon will accept a change for rate-making purposes so that pension cost is determined in accordance with Subtopic 715-30.
  2. b
    The regulator will not hold the employer responsible for the costs that were intended to be recovered by the current rates and that have been deferred by the change in method.
  3. c
    The regulator will provide revenue to recover those same costs when they are eventually recognized under the method required by Subtopic 715-30.
","snippet":"Similarly, if pension cost determined in accordance with the method used in setting current rates exceeds pension cost determined in accordance with Subtopic 715-30, the situation would not be as described in paragraph 9…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:67baa743a7fd4bb0cb9e503978586edb87027af7260791d64460fb1649affb69","downloaded_from":"2026-09-10T01:03:08.836Z","last_downloaded_at":"2026-09-10T01:03:08.836Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477713","source_sha256":"c5aa3a90746c54984b26a4bb15a3ea974e52a53655bd748772081a5161078130"}},{"citation":"715-980-55-7","para":"55-7","html":"
Because a regulator cannot eliminate a liability that was not imposed by its actions, the need to recognize the underfunded status of a defined benefit plan as a liability under paragraphs
715-30-25-1 through 25-2
is unaffected by regulation.
","snippet":"Because a regulator cannot eliminate a liability that was not imposed by its actions, the need to recognize the underfunded status of a defined benefit plan as a liability under paragraphs 715-30-25-1 through 25-2 is una…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:827240165fad63bb84becfb552e3dcff22dbbd019aa3f8ec8bbbeea7d43ca178","downloaded_from":"2026-09-10T01:03:08.836Z","last_downloaded_at":"2026-09-10T01:03:08.836Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477713","source_sha256":"c5aa3a90746c54984b26a4bb15a3ea974e52a53655bd748772081a5161078130"}},{"citation":"715-980-55-8","para":"55-8","html":"
See Example 1 (paragraphs 980-715-55-9) for the employer's accounting when paragraphs 980-340-25-1 and 980-405-25-1(b) apply.
","snippet":"See Example 1 (paragraphs 980-715-55-9) for the employer's accounting when paragraphs 980-340-25-1 and 980-405-25-1(b) apply.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d627e81941eaab87dca247251e0201675cee67883c37d7c1d0de8f4517b5f59c","downloaded_from":"2026-09-10T01:03:08.836Z","last_downloaded_at":"2026-09-10T01:03:08.836Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477713","source_sha256":"c5aa3a90746c54984b26a4bb15a3ea974e52a53655bd748772081a5161078130"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:7eab97ff602cd902791c6f4b104f122dc723ce9bdca629f40a38694413c4dc8f","downloaded_from":"2026-09-10T01:03:08.836Z","last_downloaded_at":"2026-09-10T01:03:08.836Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477713","source_sha256":"c5aa3a90746c54984b26a4bb15a3ea974e52a53655bd748772081a5161078130"}},{"block":null,"heading":"Illustrations","paragraphs":[{"citation":"715-980-55-9","para":"55-9","html":"
This Example illustrates the guidance for recognition of postretirement pension cost in paragraph 980-715-25-1.
","snippet":"This Example illustrates the guidance for recognition of postretirement pension cost in paragraph 980-715-25-1.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f621411b01d4834a76019cae01a2837d4974fc25dcc71a7a3b359fd3ce80b3cc","downloaded_from":"2026-09-10T01:03:08.836Z","last_downloaded_at":"2026-09-10T01:03:08.836Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477713","source_sha256":"c5aa3a90746c54984b26a4bb15a3ea974e52a53655bd748772081a5161078130"}},{"citation":"715-980-55-10","para":"55-10","html":"
An employer with regulated operations sponsors a defined benefit pension plan that is accounted for pursuant to Subtopic 715-30. To simplify the Example, it is assumed that there are no remaining differences between amounts previously recognized as net periodic pension cost and amounts allowable for rate-making purposes. The employer's determination of net periodic pension cost under that Subtopic, however, differs from that allowable for rate-making purposes in the timing of recognition of net periodic pension cost as an expense. The following schedule shows the amounts under both bases for the years 20X0-20X3.
","snippet":"An employer with regulated operations sponsors a defined benefit pension plan that is accounted for pursuant to Subtopic 715-30. To simplify the Example, it is assumed that there are no remaining differences between amou…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:33efb6ed6bff68785f4a70a6bad02a10e11d4ce75b7709aa555dcd0dcbae123b","downloaded_from":"2026-09-10T01:03:08.836Z","last_downloaded_at":"2026-09-10T01:03:08.836Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477713","source_sha256":"c5aa3a90746c54984b26a4bb15a3ea974e52a53655bd748772081a5161078130"}},{"citation":"715-980-55-11","para":"55-11","html":"
In 20X0, the amount allowable for rate-making purposes exceeds net periodic pension cost determined under Subtopic 715-30. In that case, paragraph 980-405-25-1(b) requires the amount determined under Subtopic 715-30 ($120) to be recognized as net periodic pension cost in the employer's financial statements.
","snippet":"In 20X0, the amount allowable for rate-making purposes exceeds net periodic pension cost determined under Subtopic 715-30. In that case, paragraph 980-405-25-1(b) requires the amount determined under Subtopic 715-30 ($12…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:393d395bf75a8b161c5890372cb2d8bd77aa8313765ebe53ff4f035c22717d4c","downloaded_from":"2026-09-10T01:03:08.836Z","last_downloaded_at":"2026-09-10T01:03:08.836Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477713","source_sha256":"c5aa3a90746c54984b26a4bb15a3ea974e52a53655bd748772081a5161078130"}},{"citation":"715-980-55-12","para":"55-12","html":"
The difference ($80) between net periodic pension cost determined under Subtopic 715-30 ($120) and that allowable for rate-making purposes ($200) is recognized as a liability (unearned revenue) and represents an amount collected or collectible for recovery of future pension cost. When that pension cost is incurred for financial reporting purposes, the liability (unearned revenue) shall be eliminated and revenue shall be recognized.
","snippet":"The difference ($80) between net periodic pension cost determined under Subtopic 715-30 ($120) and that allowable for rate-making purposes ($200) is recognized as a liability (unearned revenue) and represents an amount c…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:44dcbcaf6f02e1025e5577fc732beef18554df0dfc63b2c81e6a175bfd46c9b7","downloaded_from":"2026-09-10T01:03:08.836Z","last_downloaded_at":"2026-09-10T01:03:08.836Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477713","source_sha256":"c5aa3a90746c54984b26a4bb15a3ea974e52a53655bd748772081a5161078130"}},{"citation":"715-980-55-13","para":"55-13","html":"
The journal entries to account for the accrual of net periodic pension cost and the contribution made to the pension plan during the year are as follows.
","snippet":"The journal entries to account for the accrual of net periodic pension cost and the contribution made to the pension plan during the year are as follows.\nTo record net periodic pension cost for the period and the liabili…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:877d9064bfe2c58bebbddb7c7c656b31bb3ae9166326bc7329a83c8f432f8736","downloaded_from":"2026-09-10T01:03:08.836Z","last_downloaded_at":"2026-09-10T01:03:08.836Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477713","source_sha256":"c5aa3a90746c54984b26a4bb15a3ea974e52a53655bd748772081a5161078130"}},{"citation":"715-980-55-14","para":"55-14","html":"
No modifications of the disclosure required by paragraph 715-20-50-1(h) are required in this case because the accounting required by this Topic does not change the amount of net periodic pension cost recognized under Subtopic 715-30. (See the table in paragraph 980-715-55-10.)
","snippet":"No modifications of the disclosure required by paragraph 715-20-50-1(h) are required in this case because the accounting required by this Topic does not change the amount of net periodic pension cost recognized under Sub…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:da4dee068b9f109bb2d1b7a5d2874c7b3459a3ab4a99852223c97d3f8bbef8f7","downloaded_from":"2026-09-10T01:03:08.836Z","last_downloaded_at":"2026-09-10T01:03:08.836Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477713","source_sha256":"c5aa3a90746c54984b26a4bb15a3ea974e52a53655bd748772081a5161078130"}},{"citation":"715-980-55-15","para":"55-15","html":"
In 20X1, the amount allowable for rate-making purposes is less than net periodic pension cost determined under Subtopic 715-30 by $100. Of that amount, $80 was allowable for rate-making purposes in 20X0. Therefore, the 20X0 unearned revenue of $80 is recognized as revenue for 20X1. Paragraph 980-340-25-1 requires the remaining portion of the $100 difference ($20) to be capitalized as an incurred cost for which future recovery is assured by actions of the regulator.
","snippet":"In 20X1, the amount allowable for rate-making purposes is less than net periodic pension cost determined under Subtopic 715-30 by $100. Of that amount, $80 was allowable for rate-making purposes in 20X0. Therefore, the 2…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:222eaae5221a66e2d8925a7ae04c0a6a31a8a2c8a4790dcba2a3f64e54188820","downloaded_from":"2026-09-10T01:03:08.836Z","last_downloaded_at":"2026-09-10T01:03:08.836Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477713","source_sha256":"c5aa3a90746c54984b26a4bb15a3ea974e52a53655bd748772081a5161078130"}},{"citation":"715-980-55-16","para":"55-16","html":"
The journal entries to account for the accrual of net periodic pension cost and the contribution made to the pension plan during the year are as follows.
","snippet":"The journal entries to account for the accrual of net periodic pension cost and the contribution made to the pension plan during the year are as follows.\nTo record net periodic pension cost for the period and the asset c…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e8e5c7c12746af8335e84673ca5a749113e27cfbe34c1eb2378d3b0a72aa4fd1","downloaded_from":"2026-09-10T01:03:08.836Z","last_downloaded_at":"2026-09-10T01:03:08.836Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477713","source_sha256":"c5aa3a90746c54984b26a4bb15a3ea974e52a53655bd748772081a5161078130"}},{"citation":"715-980-55-17","para":"55-17","html":"
In this case, the accounting required by this Topic changes the amount of net periodic pension cost that otherwise would have been recognized under Subtopic 715-30 requiring modification of the disclosure required by paragraph 715-20-50-1(h). (See the table in paragraph 980-715-55-10.)
","snippet":"In this case, the accounting required by this Topic changes the amount of net periodic pension cost that otherwise would have been recognized under Subtopic 715-30 requiring modification of the disclosure required by par…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e2057cafb5151d65614e3cd97f3ef181e7c5aa5bbe5583e3eb5dd62928ecd884","downloaded_from":"2026-09-10T01:03:08.836Z","last_downloaded_at":"2026-09-10T01:03:08.836Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477713","source_sha256":"c5aa3a90746c54984b26a4bb15a3ea974e52a53655bd748772081a5161078130"}},{"citation":"715-980-55-18","para":"55-18","html":"
In 20X2, the amount allowable for rate-making purposes is less than net periodic pension cost determined under Subtopic 715-30 by $30. None of that amount was allowable for rate-making purposes in prior years. Paragraph 980-340-25-1 requires the $30 to be capitalized as an incurred cost for which future recovery is assured by actions of the regulator.
","snippet":"In 20X2, the amount allowable for rate-making purposes is less than net periodic pension cost determined under Subtopic 715-30 by $30. None of that amount was allowable for rate-making purposes in prior years. Paragraph …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:696752f732070d1d2d4e621aef774ac605fe8e92d77d6c7f5e460eed95791ae2","downloaded_from":"2026-09-10T01:03:08.836Z","last_downloaded_at":"2026-09-10T01:03:08.836Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477713","source_sha256":"c5aa3a90746c54984b26a4bb15a3ea974e52a53655bd748772081a5161078130"}},{"citation":"715-980-55-19","para":"55-19","html":"
The journal entries to account for the accrual of net periodic pension cost and the contribution made to the pension plan during the year are as follows.
","snippet":"The journal entries to account for the accrual of net periodic pension cost and the contribution made to the pension plan during the year are as follows.\nTo record net periodic pension cost for the period and the asset c…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:74bff1078a6cccb33d8395e2c4bfa381b31dd084986ca9b201a899058933473c","downloaded_from":"2026-09-10T01:03:08.836Z","last_downloaded_at":"2026-09-10T01:03:08.836Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477713","source_sha256":"c5aa3a90746c54984b26a4bb15a3ea974e52a53655bd748772081a5161078130"}},{"citation":"715-980-55-20","para":"55-20","html":"
The situation in 20X2 is similar to that in 20X1, necessitating additional disclosure. (See the table in paragraph 980-715-55-10.)
","snippet":"The situation in 20X2 is similar to that in 20X1, necessitating additional disclosure. (See the table in paragraph 980-715-55-10.)","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:754260bd56c9de4293dfb26744aae02725d2cb8de5ea1a672ea9d4577d493113","downloaded_from":"2026-09-10T01:03:08.836Z","last_downloaded_at":"2026-09-10T01:03:08.836Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477713","source_sha256":"c5aa3a90746c54984b26a4bb15a3ea974e52a53655bd748772081a5161078130"}},{"citation":"715-980-55-21","para":"55-21","html":"
In 20X3, the amount allowable for rate-making purposes exceeds net periodic pension cost determined under Subtopic 715-30 by $80. In prior years (20X1 and 20X2), $50 of that amount was recognized as a capitalized cost.
","snippet":"In 20X3, the amount allowable for rate-making purposes exceeds net periodic pension cost determined under Subtopic 715-30 by $80. In prior years (20X1 and 20X2), $50 of that amount was recognized as a capitalized cost.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1d038e41807c9a09b9e3819bb47da0a896a1b1787cde2f828590f57f8d5affb5","downloaded_from":"2026-09-10T01:03:08.836Z","last_downloaded_at":"2026-09-10T01:03:08.836Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477713","source_sha256":"c5aa3a90746c54984b26a4bb15a3ea974e52a53655bd748772081a5161078130"}},{"citation":"715-980-55-22","para":"55-22","html":"
Accordingly, that capitalized cost ($50) is expensed in 20X3. Additionally, paragraph 980-405-25-1 requires recognition of a liability (unearned revenue) equal to the remaining portion ($30) of the amount allowable for rate-making purposes in excess of net periodic pension cost determined under Subtopic 715-30 [($200 - $120) - $50 = $30]. When that pension cost is incurred for financial reporting purposes, the $30 liability (unearned revenue) shall be eliminated and revenue shall be recognized.
","snippet":"Accordingly, that capitalized cost ($50) is expensed in 20X3. Additionally, paragraph 980-405-25-1 requires recognition of a liability (unearned revenue) equal to the remaining portion ($30) of the amount allowable for r…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d1cc5fe973022d0cab1d2caf7171d7e48172b60c4583709859d5159b0ed96dcb","downloaded_from":"2026-09-10T01:03:08.836Z","last_downloaded_at":"2026-09-10T01:03:08.836Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477713","source_sha256":"c5aa3a90746c54984b26a4bb15a3ea974e52a53655bd748772081a5161078130"}},{"citation":"715-980-55-23","para":"55-23","html":"
The journal entries to account for the accrual of net periodic pension cost and the contribution made to the pension plan during the year are as follows.
","snippet":"The journal entries to account for the accrual of net periodic pension cost and the contribution made to the pension plan during the year are as follows.\nTo record net periodic pension cost for the period and the liabili…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ed85aeca734a92205f74001a42c83496394d0802cdcd922846eaa7cc10542aa2","downloaded_from":"2026-09-10T01:03:08.836Z","last_downloaded_at":"2026-09-10T01:03:08.836Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477713","source_sha256":"c5aa3a90746c54984b26a4bb15a3ea974e52a53655bd748772081a5161078130"}},{"citation":"715-980-55-24","para":"55-24","html":"
The situation in 20X3 is similar to that in 20X1 and 20X2, necessitating additional disclosure. (See the table in paragraph 980-715-55-10.)
","snippet":"The situation in 20X3 is similar to that in 20X1 and 20X2, necessitating additional disclosure. (See the table in paragraph 980-715-55-10.)","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b08d86de20911534c54dd10c87cb171188386031af4e7be3eea2f6c0f78c96b1","downloaded_from":"2026-09-10T01:03:08.836Z","last_downloaded_at":"2026-09-10T01:03:08.836Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477713","source_sha256":"c5aa3a90746c54984b26a4bb15a3ea974e52a53655bd748772081a5161078130"}},{"citation":"715-980-55-25","para":"55-25","html":"
The following illustrates the disclosure of the components of net periodic pension cost for 20X0-20X3. It is assumed that there is no transition asset or obligation remaining in accumulated other comprehensive income and there are no gains or losses for the four-year period.
","snippet":"The following illustrates the disclosure of the components of net periodic pension cost for 20X0-20X3. It is assumed that there is no transition asset or obligation remaining in accumulated other comprehensive income and…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a8ae9ee158444030599bd06a20a0259847f7e39cb979c99d90459793988c1e06","downloaded_from":"2026-09-10T01:03:08.836Z","last_downloaded_at":"2026-09-10T01:03:08.836Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477713","source_sha256":"c5aa3a90746c54984b26a4bb15a3ea974e52a53655bd748772081a5161078130"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3243b4ae5450e6e2d54189fccb239bd305206a2c75e1556c341f82f4b9673c23","downloaded_from":"2026-09-10T01:03:08.836Z","last_downloaded_at":"2026-09-10T01:03:08.836Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477713","source_sha256":"c5aa3a90746c54984b26a4bb15a3ea974e52a53655bd748772081a5161078130"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3aabc5d48d3b4f29e9c40e24527243e2fed607f147f0d199ec9015dafd54ce31","downloaded_from":"2026-09-10T01:03:08.836Z","last_downloaded_at":"2026-09-10T01:03:08.836Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477713","source_sha256":"c5aa3a90746c54984b26a4bb15a3ea974e52a53655bd748772081a5161078130"}}],"enrichment":{"summary":"ASC 715-980 tells rate-regulated entities how to account for the difference between net periodic pension cost (715-30) or net periodic postretirement benefit cost (715-60) and the amounts of those costs allowed for rate-making purposes. The regulator's actions create a regulatory asset (deferred cost whose recovery is probable) or a liability (unearned revenue collected for future costs), which changes only the timing of expense recognition, not the underlying 715-30/715-60 measurement. Deferral of 715-60 costs as a regulatory asset is permitted only if strict criteria about the rate order, five-year phase-in, roughly 20-year deferral-recovery period, and non-increasing rate escalation are met.","key_points":["The difference between net periodic pension cost under Subtopic 715-30 and pension cost allowed for rate-making purposes is recognized as an asset or liability created by the actions of the regulator; those actions change only the timing of expense recognition (715-980-25-1).","An employer with regulated operations must apply 715-30 for financial reporting even if a different method is used to determine allowable pension cost for rate-making purposes (715-980-55-2); the difference is an asset if 980-340-25-1 criteria are met or a liability if the 980-405-25-1(b) situation exists (715-980-55-4).","No regulatory asset for 715-60 costs may be recorded for a continuing plan if the regulator continues to include other postretirement benefit costs in rates on a pay-as-you-go basis (715-980-25-4).","For a continuing plan, a regulatory asset for the 715-60 vs. rate-recovery difference is recognized only if recovery of future revenue at least equal to the deferred cost is probable and all four criteria of 715-980-25-5(b) are met: an enabling rate order/policy statement, inclusion of annual 715-60 costs in rates within about five years of adoption, a combined deferral-recovery period not exceeding about 20 years, and scheduled rate increases that do not escalate year over year.","For discontinued plans (no current service cost), a regulatory asset is recorded if it is probable that future revenue at least equal to the deferred 715-60 costs will be recovered in rates within about 20 years after adoption, and pay-as-you-go rate recovery may continue (715-980-25-7).","If the 715-980-25-5 criteria are not met initially but are met later, the regulatory asset is recognized in the period the criteria are met (715-980-25-8).","A regulator cannot eliminate a liability it did not impose, so the requirement to recognize a plan's underfunded status as a liability under 715-30-25-1 through 25-2 is unaffected by regulation (715-980-55-7); disclosure must describe the regulatory treatment, pending regulatory action, deferred 715-60 costs at the balance sheet date, and the expected recovery period (715-980-50-1)."],"categories":["Compensation and benefits","Industry-specific","Recognition","Disclosure"],"audience_level":"advanced","student_note":"This is a narrow utility-industry overlay: the pension/OPEB expense in the income statement is still the 715-30/715-60 amount, and the regulator's actions only shift timing via a regulatory asset or unearned-revenue liability. The common misunderstanding is thinking rate-regulated entities may report the rate-making pension cost as their expense, or that a regulator's pay-as-you-go treatment can eliminate the recognized underfunded status of the plan.","related_topics":["980-10","980-340","980-405","715-30","715-60","715-20"],"key_concepts":["regulatory asset","rate-making purposes","net periodic pension cost","net periodic postretirement benefit cost","unearned revenue liability","probable future rate recovery","deferral-recovery period","discontinued plan"],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:40a80e72c479b7af11a789630fa4611493283fbb03f78fd294bb423bb0e22213","downloaded_from":"2026-09-10T01:02:48.718Z","last_downloaded_at":"2026-09-10T01:03:11.702Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},"related":[{"number":"715-30","title":"Defined Benefit Plans—Pension","topic_title":"Compensation—Retirement Benefits","score":0.8328,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0a2d5ba1e290f37c504eee510461120b8ea413fde411e0c4ca2f44d4528fe3a0","downloaded_from":"2026-09-10T00:59:50.700Z","last_downloaded_at":"2026-09-10T01:00:20.275Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"715-60","title":"Defined Benefit Plans—Other Postretirement","topic_title":"Compensation—Retirement Benefits","score":0.8241,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e24595d0812551a1a3ae0e6e30a89dbf8c579dd693b38fb257e66546127cce77","downloaded_from":"2026-09-10T01:00:25.988Z","last_downloaded_at":"2026-09-10T01:00:54.564Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"715-958","title":"Not-for-Profit Entities","topic_title":"Compensation—Retirement Benefits","score":0.7997,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:54a78b725e58c76cb0281737dfaad6cb617d3226a66e2e3eb649093a3c04d39b","downloaded_from":"2026-09-10T01:02:23.996Z","last_downloaded_at":"2026-09-10T01:02:46.650Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"715-70","title":"Defined Contribution Plans","topic_title":"Compensation—Retirement Benefits","score":0.7731,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a42c781faa840be71c5f51c8538cfd86d781323a819a0269edac0a5ba12c0030","downloaded_from":"2026-09-10T01:00:58.143Z","last_downloaded_at":"2026-09-10T01:01:17.755Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"410-20","title":"Asset Retirement Obligations","topic_title":"Asset Retirement and Environmental Obligations","score":0.7692,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:908c117a748c5e0e45d6d755acbcdb44e00cf81825f8376fd665e2a639bccded","downloaded_from":"2026-09-10T00:20:40.400Z","last_downloaded_at":"2026-09-10T00:21:17.061Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"980-20","title":"Discontinuation of Rate-Regulated Accounting","topic_title":"Regulated Operations","score":0.7675,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:dd7c0f91ef877337ada4548fb401c9e588f9cbed5e338f199b567bbe98e49308","downloaded_from":"2026-09-10T02:27:47.191Z","last_downloaded_at":"2026-09-10T02:28:14.273Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}}],"prev":{"number":"715-958","title":"Not-for-Profit Entities","topic_title":"Compensation—Retirement Benefits","provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9b90dcfac80364a545c53c616efc988fd0f68c4ccaa8e8a0a42a27eaa01bbacc","downloaded_from":"2026-09-10T01:02:23.996Z","last_downloaded_at":"2026-09-10T01:02:46.650Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},"next":{"number":"718-10","title":"Overall","topic_title":"Compensation—Stock Compensation","provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:37a45b02862a49dd5714554cd66374acca6f0d18cb6fcec83682d3cd7c2875ca","downloaded_from":"2026-09-10T01:03:15.807Z","last_downloaded_at":"2026-09-10T01:04:29.503Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e30c5398aa4902cf36430aa709fb389442cf43923fc3398a4c0b97b04d51437b","downloaded_from":"2026-09-10T01:02:48.718Z","last_downloaded_at":"2026-09-10T01:03:11.702Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}}],"paragraphs":1034,"summary":"ASC 715 covers an employer's accounting for retirement benefits, built on the premise that a benefit plan is an exchange of deferred compensation for employee service, so cost is recognized as employees render service (715-10-05-6). The Topic splits by plan type: defined contribution plans expense the contribution called for in the period (715-70-35-1); multiemployer plans similarly expense the required contribution with extensive plan-by-plan risk disclosures (715-80-35-1); and single-employer defined benefit pension (715-30) and other postretirement benefit (715-60) plans require recognizing the plan's funded status on the balance sheet and a net periodic benefit cost with delayed recognition of prior service cost, gains/losses, and transition amounts through OCI, subject to the 10 percent corridor. ASC 715-20 supplies the presentation and disclosure rules—notably that only service cost is reported with other compensation cost while other components are presented separately outside any operating subtotal (715-20-45-3A)—and specialized Subtopics adapt the model for not-for-profits (715-958), rate-regulated entities (715-980), government contractors (715-912), and the coal industry (715-930). The single most important idea: the employer's obligation accrues with service, and the balance sheet must show funded status while earnings recognition of changes is smoothed over service periods.","concepts":["funded status recognition","net periodic pension cost","projected benefit obligation and accumulated postretirement benefit obligation","attribution of benefits to service periods","10 percent corridor amortization of gains and losses","prior service cost and transition obligation in aoci","settlements, curtailments, and termination benefits","multiemployer and defined contribution plan disclosures"],"categories":["Compensation and benefits","Subsequent measurement","Disclosure","Presentation"],"level":"intermediate","provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:91950e36e3cf3bc1d1cee4737ff93fc980da474d16e937f11c2fc89e044de046","downloaded_from":"2026-09-10T00:58:45.119Z","last_downloaded_at":"2026-09-10T01:03:11.702Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}}