# ASC 960-40-50: Plan Accounting—Defined Benefit Pension Plans — Terminating Plans — 50 Disclosure

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/960/40/#50-disclosure)

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## ASC 960-40-50: 50 Disclosure

[Read section](https://asc.understandingaccounting.org/asc/960/40/#50-disclosure)

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##### [960-40-50-1](https://asc.understandingaccounting.org/asc/960/40/#960-40-50-1)

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When the decision has been made to terminate a plan or when a wasting trust (that is, a plan under which participants no longer accrue benefits but that will remain in existence as long as necessary to pay already accrued benefits) exists, the relevant circumstances shall be disclosed in all subsequent financial statements issued by the plan.