# ASC 960-20-45: Plan Accounting—Defined Benefit Pension Plans — Accumulated Plan Benefits — 45 Other Presentation Matters Source: FASB Accounting Standards Codification, Basic View [Read online](https://asc.understandingaccounting.org/asc/960/20/#45-other-presentation-matters) Study and research edition. Verify current requirements with the official source. Summaries, enrichment, and tags are machine-generated study aids. Paragraph html preserves source markup; snippet is abbreviated. Pending content is not necessarily effective. Tables and mathematical or amendment markup are retained as HTML where Markdown would lose structure. Source downloaded (UTC): 2026-09-10T02:22:57.487Z to 2026-09-10T02:22:57.487Z Record version: sha256:918d4ad32eb6c62cdccb6803db06e20cd296a42abffb4fc66d4ac7a8a90d3357 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 960-20-45: 45 Other Presentation Matters [Read section](https://asc.understandingaccounting.org/asc/960/20/#45-other-presentation-matters) SEC content: no ##### [960-20-45-1](https://asc.understandingaccounting.org/asc/960/20/#960-20-45-1) Pending content: no Source downloaded (UTC): 2026-09-10T02:22:57.487Z to 2026-09-10T02:22:57.487Z Record version: sha256:82b97d02ae4501000aaf0fd5b08ef83fb61c092bcd5722073922904c0d4fb05b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. As discussed in paragraph [960-205-45-1](https://asc.understandingaccounting.org/asc/205/960/#205-960-45-1), the annual financial statements of a plan shall include information regarding the [actuarial present value of accumulated plan benefits](https://asc.understandingaccounting.org/glossary/a/#actuarial-present-value-of-accumulated-plan-benefits "The amount as of a benefit information date that results from applying actuarial assumptions to the benefit amounts determined pursuant to paragraphs 960-20-25-3960-20-25-4960-20-25-5 (that is, the accumulated plan benefits), with the actuarial assumptions being used to adjust those amounts to reflect the time value of money (through discounts for interest) and the probability of payment (by means of decrements such as for death, disability, withdrawal, or retirement) between the benefit information date and the expected date of payment.") as of either the beginning or end of the plan year. ##### [960-20-45-2](https://asc.understandingaccounting.org/asc/960/20/#960-20-45-2) Pending content: no Source downloaded (UTC): 2026-09-10T02:22:57.487Z to 2026-09-10T02:22:57.487Z Record version: sha256:37bab06967d74c6266e5602e98dae331e798e2dc31a6b381828cf8d4daaa5bbf Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Certain flexibility is allowed in presenting the information regarding the actuarial present value of accumulated plan benefits and the year-to-year changes therein. That information may be presented on the face of one or more financial statements or in notes thereto. Regardless of the format selected, each category of information shall be presented in its entirety in the same location. If a statement format is selected for either category, a separate statement may be used to present that information or, provided the information is as of the same date or for the same period, that information may be presented together with information regarding the [net assets available for benefits](https://asc.understandingaccounting.org/glossary/n/#net-assets-available-for-benefits "The difference between a plan's assets and its liabilities. For purposes of this definition, a plan's liabilities do not include participants' accumulated plan benefits.") and the year-to-year changes therein. #### Actuarial Present Value of Accumulated Plan Benefits ##### [960-20-45-3](https://asc.understandingaccounting.org/asc/960/20/#960-20-45-3) Pending content: no Source downloaded (UTC): 2026-09-10T02:22:57.487Z to 2026-09-10T02:22:57.487Z Record version: sha256:388a0ba572e57ba56327aabd0b760fd302e5e3706950fa8c7ace1c483f2b71e9 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The total actuarial present value of accumulated plan benefits as of the [benefit information date](https://asc.understandingaccounting.org/glossary/b/#benefit-information-date "The date as of which the actuarial present value of accumulated plan benefits is presented.") shall be segmented into at least the following categories: 1. a [Vested benefits](https://asc.understandingaccounting.org/glossary/v/#vested-benefits "Benefits for which the employee's right to receive a present or future pension benefit is no longer contingent on remaining in the service of the employer. (Other conditions, such as inadequacy of the pension fund, may prevent the employee from receiving the vested benefit.) Under graded vesting, the initial vested right may be to receive in the future a stated percentage of a pension based on the number of years of accumulated credited service; thereafter, the percentage may increase with the number of years of service or of age until the right to receive the entire benefit has vested.") of participants currently receiving payments, including [benefits](https://asc.understandingaccounting.org/glossary/b/#benefits "The monetary or in-kind benefits or benefit coverage to which participants may be entitled under a pension plan or a health and welfare plan (which can include active, terminated, and retired employees or their dependents or beneficiaries). Examples of benefits may include, but are not limited to, health care benefits, life insurance, legal, educational, and advisory services, pension benefits, disability benefits, death benefits, and benefits due to termination of employment.") due and payable as of the benefit information date 2. b Other vested benefits 3. c Nonvested benefits. ##### [960-20-45-4](https://asc.understandingaccounting.org/asc/960/20/#960-20-45-4) Pending content: no Source downloaded (UTC): 2026-09-10T02:22:57.487Z to 2026-09-10T02:22:57.487Z Record version: sha256:3d1caf6f4750aca80cd6ec40568660ef759b575ee923506de0d4be0857dfa375 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Such minimum segmentation is useful in assessing a plan's near-term versus long-range liquidity requirements. It might also provide some indication of the relative degree of objectivity or subjectivity inherent in determining the [benefit information](https://asc.understandingaccounting.org/glossary/b/#benefit-information "The actuarial present value of accumulated plan benefits.") and will provide information needed by those who wish to make certain judgments or wish to compute certain financial ratios, for example, [net asset information](https://asc.understandingaccounting.org/glossary/n/#net-asset-information "Information regarding the net assets available for benefits.") to [vested benefit information](https://asc.understandingaccounting.org/glossary/v/#vested-benefit-information "The actuarial present value of vested accumulated plan benefits."). ##### [960-20-45-5](https://asc.understandingaccounting.org/asc/960/20/#960-20-45-5) Pending content: no Source downloaded (UTC): 2026-09-10T02:22:57.487Z to 2026-09-10T02:22:57.487Z Record version: sha256:b9eb63d489abd3a088457631517b66dfda032317171b1c8327bcc55879ae1107 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Information regarding [accumulated plan benefits](https://asc.understandingaccounting.org/glossary/a/#accumulated-plan-benefits "Future benefit payments that are attributable under the provisions of a pension plan to employees' service rendered to the benefit information date. Accumulated plan benefits comprise benefits expected to be paid to any of the following: Retired or terminated employees or their beneficiaries Beneficiaries of deceased employees Present employees or their beneficiaries.") shall relate only to pension obligations. Even in situations in which separate financial statements are not prepared for a related health and welfare benefit plan, obligations related to retiree health benefits provided pursuant to Section 401(h) of the Internal Revenue Code shall not be reported in the statement of accumulated plan benefits of the [defined benefit pension plan](https://asc.understandingaccounting.org/glossary/d/#defined-benefit-plan "A defined benefit plan provides participants with a determinable benefit based on a formula provided for in the plan. Defined benefit health and welfare plans—Defined benefit health and welfare plans specify a determinable benefit, which may be in the form of a reimbursement to the covered plan participant or a direct payment to providers or third-party insurers for the cost of specified services. Such plans may also include benefits that are payable as a lump sum, such as death benefits. The level of benefits may be defined or limited based on factors such as age, years of service, and salary. Contributions may be determined by the plan's actuary or be based on premiums, actual claims paid, hours worked, or other factors determined by the plan sponsor. Even when a plan is funded pursuant to agreements that specify a fixed rate of employer contributions (for example, a collectively bargained multiemployer plan), such a plan may nevertheless be a defined benefit health and welfare plan if its substance is to provide a defined benefit. Defined benefit pension plan—A pension plan that defines an amount of pension benefit to be provided, usually as a function of one or more factors such as age, years of service, or compensation. Any pension plan that is not a defined contribution pension plan is, for purposes of Subtopic 715-30, a defined benefit pension plan. Defined benefit postretirement plan—A plan that defines postretirement benefits in terms of monetary amounts (for example, $100,000 of life insurance) or benefit coverage to be provided (for example, up to $200 per day for hospitalization, or 80 percent of the cost of specified surgical procedures). Any postretirement benefit plan that is not a defined contribution postretirement plan is, for purposes of Subtopic 715-60, a defined benefit postretirement plan. (Specified monetary amounts and benefit coverage are collectively referred to as benefits.)") financial statements. #### Changes in the Actuarial Present Value of Accumulated Plan Benefits ##### [960-20-45-6](https://asc.understandingaccounting.org/asc/960/20/#960-20-45-6) Pending content: no Source downloaded (UTC): 2026-09-10T02:22:57.487Z to 2026-09-10T02:22:57.487Z Record version: sha256:9ccfc03b53a7ce68ec5fed6fed73919d1f2e18a37b1cc5ed537d5482b7edb24e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. If significant, either individually or in the aggregate, the effects of certain factors affecting the change in the actuarial present value of accumulated plan benefits from the preceding to the current benefit information date shall be identified. Effects that are individually significant shall be separately identified. ##### [960-20-45-7](https://asc.understandingaccounting.org/asc/960/20/#960-20-45-7) Pending content: no Source downloaded (UTC): 2026-09-10T02:22:57.487Z to 2026-09-10T02:22:57.487Z Record version: sha256:9bf7f3ddb8be09c19bdba15d0a03d4633aa0c6fe2dedbc0c8105ec7339c4b607 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The effects of factors comprising the net change in the benefit information will vary depending on the order in which the effects are calculated. No order for such determination is prescribed by this Subtopic. ##### [960-20-45-8](https://asc.understandingaccounting.org/asc/960/20/#960-20-45-8) Pending content: no Source downloaded (UTC): 2026-09-10T02:22:57.487Z to 2026-09-10T02:22:57.487Z Record version: sha256:6c95b73e74658782e25c95c0105a214de914bc30a84764f3d6c77338db935c16 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Information regarding changes in the actuarial present value of accumulated plan benefits may be presented in either of the following ways: 1. a In a statement that accounts for the change between two benefit information dates 2. b Elsewhere in the financial statements. ##### [960-20-45-9](https://asc.understandingaccounting.org/asc/960/20/#960-20-45-9) Pending content: no Source downloaded (UTC): 2026-09-10T02:22:57.487Z to 2026-09-10T02:22:57.487Z Record version: sha256:577e2041e781e332c9a02098854b5e609c576df467902e19ca887ee22de449c7 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. If only the minimum required disclosure is presented, presentation in a statement format will necessitate an additional unidentified other category to reconcile the beginning and ending amounts.