{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/960/","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":"960","title":"Plan Accounting—Defined Benefit Pension Plans","area":"Industry","group":"96X Plan Accounting","subtopics":[{"number":"960-10","topic":"960","title":"Overall","area":"Industry","paragraphs":12,"summary":"ASC 960-10 is the Overall subtopic of the defined benefit pension plan accounting Topic, setting the scope of and providing an overview of financial reporting by the plan itself (not the sponsoring employer, which follows Topic 715). Defined benefit plans promise participants determinable benefits based on factors such as age, years of service, and compensation, and because the plan's net assets are the means of paying those benefits, net asset information is necessary to assess the plan's ability to pay benefits when due. The Topic applies to all ongoing plans (funded or unfunded, ERISA and non-ERISA, U.S. and comparable foreign plans reporting under U.S. GAAP) but does not itself require any plan to prepare or distribute financial statements.","concepts":["defined benefit pension plan","net assets available for benefits","accumulated plan benefits","erisa reporting","plan-level financial statements","ongoing plan","trust or insurance contract funding","scope exclusions"],"categories":["Industry-specific","Compensation and benefits","Financial statement presentation","Presentation"],"level":"intermediate","topic_title":"Plan Accounting—Defined Benefit Pension Plans","sections":[{"number":"00","label":"00 Status","anchor":"00-status","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"960-10-00-1","para":"00-1","html":"
The following table identifies the changes made to this Subtopic.
ParagraphActionAccounting Standards UpdateDate
BenefitsAmendedAccounting Standards Update No. 2016-1912/14/2016
Benefits (1st def.)SupersededAccounting Standards Update No. 2014-0603/14/2014
Benefits (3rd def.)AddedAccounting Standards Update No. 2014-0603/14/2014
Defined Benefit PlanAddedAccounting Standards Update No. 2014-0603/14/2014
Defined Benefit Pension Plan (1st def.)SupersededAccounting Standards Update No. 2014-0603/14/2014
Pension Benefits (1st def.)SupersededAccounting Standards Update No. 2014-0603/14/2014
Pension Benefits (2nd def.)AddedAccounting Standards Update No. 2014-0603/14/2014
Service (1st def.)SupersededAccounting Standards Update No. 2014-0603/14/2014
Service (2nd def.)AddedAccounting Standards Update No. 2014-0603/14/2014
960-10-05-1AmendedAccounting Standards Update No. 2014-0603/14/2014
960-10-05-3AmendedAccounting Standards Update No. 2014-0603/14/2014
960-10-05-4AmendedAccounting Standards Update No. 2014-0603/14/2014
960-10-15-2AmendedAccounting Standards Update No. 2014-0603/14/2014
","snippet":"The following table identifies the changes made to this Subtopic.\nParagraph | Action | Accounting Standards Update | Date |\n| | | |\nBenefits | Amended | Accounting Standards Update No. 2016-19 | 12/14/2016 |\nBenefits (1s…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c2cccd550f920f354393e2fb9be4b8aadfb434f8de9e65a950128a00268e6105","downloaded_from":"2026-09-10T02:22:27.759Z","last_downloaded_at":"2026-09-10T02:22:27.759Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480426","source_sha256":"984471e7f9bc6abbb6ee6c1a936c0c860c561ec2d15d0e0ef285f2560518a052"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3a6cc5ac3ff5fc5f8b0fed1e43470bb96db3b794af6b63d1eaa8a317061b74c2","downloaded_from":"2026-09-10T02:22:27.759Z","last_downloaded_at":"2026-09-10T02:22:27.759Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480426","source_sha256":"984471e7f9bc6abbb6ee6c1a936c0c860c561ec2d15d0e0ef285f2560518a052"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:5afbf7902b1575ae30b2dc3752b57fa706fb16b3f403972bb3c90e32dc057445","downloaded_from":"2026-09-10T02:22:27.759Z","last_downloaded_at":"2026-09-10T02:22:27.759Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480426","source_sha256":"984471e7f9bc6abbb6ee6c1a936c0c860c561ec2d15d0e0ef285f2560518a052"}},{"number":"05","label":"05 Overview and Background","anchor":"05-overview-and-background","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"960-10-05-1","para":"05-1","html":"
The Codification contains several Topics for benefit plan accounting due to the differing accounting treatments for various forms of employee benefit plans. The Topics include:
  1. a
    Plan Accounting—Defined Benefit Pension Plans, (this Topic)
  2. b
    Plan Accounting—Defined Contribution Pension Plans, Topic 962
  3. c
    Plan Accounting—Health and Welfare Benefit Plans, Topic 965.
Additionally, Topic 715 addresses financial accounting and reporting for an employer that offers pension, other postretirement, and certain special or contractual benefits to its employees.
","snippet":"The Codification contains several Topics for benefit plan accounting due to the differing accounting treatments for various forms of employee benefit plans. The Topics include:\n(a) Plan Accounting—Defined Benefit Pension…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:672531f5e70985a79d1729ad9b5b4789ef98bf1328b8bde821037c32f6b4f37e","downloaded_from":"2026-09-10T02:22:29.741Z","last_downloaded_at":"2026-09-10T02:22:29.741Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480395","source_sha256":"b3bc66b21db6a04f3cd3e4c8779113f8e90dd1e3a4146dd191204f9e5490d6c6"}},{"citation":"960-10-05-2","para":"05-2","html":"
The Plan Accounting—Defined Benefit Pension Plans Topic includes the following Subtopics:
  1. a
    Overall
  2. b
    Accumulated Plan Benefits
  3. c
    Net Assets Available for Plan Benefits
  4. d
    Terminating Plans
  5. e
    Presentation of Financial Statements
  6. f
    Receivables
  7. g
    Investments—Other
  8. h
    Property, Plant, and Equipment.
","snippet":"The Plan Accounting—Defined Benefit Pension Plans Topic includes the following Subtopics:\n(a) Overall\n(b) Accumulated Plan Benefits\n(c) Net Assets Available for Plan Benefits\n(d) Terminating Plans\n(e) Presentation of Fin…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a21b6803152b600c7d6873c3c250c1663ce1e580937791c8a110d3f92b2c67a1","downloaded_from":"2026-09-10T02:22:29.741Z","last_downloaded_at":"2026-09-10T02:22:29.741Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480395","source_sha256":"b3bc66b21db6a04f3cd3e4c8779113f8e90dd1e3a4146dd191204f9e5490d6c6"}},{"citation":"960-10-05-3","para":"05-3","html":"
The Overall Subtopic provides scope-related guidance for this Topic and an overview of accounting and reporting for defined benefit pension plans.
","snippet":"The Overall Subtopic provides scope-related guidance for this Topic and an overview of accounting and reporting for defined benefit pension plans.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:64559b60728bac86630672cb752136d5f7746a0c0c6676eade73a639e6567b2b","downloaded_from":"2026-09-10T02:22:29.741Z","last_downloaded_at":"2026-09-10T02:22:29.741Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480395","source_sha256":"b3bc66b21db6a04f3cd3e4c8779113f8e90dd1e3a4146dd191204f9e5490d6c6"}},{"citation":"960-10-05-4","para":"05-4","html":"
Defined benefit pension plans provide a promise to pay to participants specified benefits that are determinable and are based on such factors as age, years of service, and compensation. A plan's net assets are the existing means by which it may provide benefits, therefore, net asset information is necessary in assessing a plan's ability to pay benefits when due.
","snippet":"Defined benefit pension plans provide a promise to pay to participants specified benefits that are determinable and are based on such factors as age, years of service, and compensation. A plan's net assets are the existi…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:7231266d107db06e33b61cf84b890174b1a2b108e1e541a7b2fc94ecdc9bd854","downloaded_from":"2026-09-10T02:22:29.741Z","last_downloaded_at":"2026-09-10T02:22:29.741Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480395","source_sha256":"b3bc66b21db6a04f3cd3e4c8779113f8e90dd1e3a4146dd191204f9e5490d6c6"}},{"citation":"960-10-05-5","para":"05-5","html":"
This Topic does not require the preparation or distribution of any plan's financial statements.
","snippet":"This Topic does not require the preparation or distribution of any plan's financial statements.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:03e31ed7698d74fc48011fc41af7055425616799e01b62ebc19f0f402460c89c","downloaded_from":"2026-09-10T02:22:29.741Z","last_downloaded_at":"2026-09-10T02:22:29.741Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480395","source_sha256":"b3bc66b21db6a04f3cd3e4c8779113f8e90dd1e3a4146dd191204f9e5490d6c6"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f1b2d85668fc25feb3119dd112c28348ec2db8a3b23bb068a1d3b911c907551d","downloaded_from":"2026-09-10T02:22:29.741Z","last_downloaded_at":"2026-09-10T02:22:29.741Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480395","source_sha256":"b3bc66b21db6a04f3cd3e4c8779113f8e90dd1e3a4146dd191204f9e5490d6c6"}},{"block":null,"heading":"The Employee Retirement Income Security Act of 1974","paragraphs":[{"citation":"960-10-05-6","para":"05-6","html":"
Defined benefit pension plans are generally subject to certain of the reporting and other requirements of the Employee Retirement Income Security Act of 1974. In addition to establishing certain minimum standards for participation, vesting, and funding for employee benefit plans of private entities, the Act also requires annual reporting of certain information to particular governmental agencies and summarized information to plan participants. For many plans, the reporting requirements include financial statements prepared in conformity with generally accepted accounting principles (GAAP).
","snippet":"Defined benefit pension plans are generally subject to certain of the reporting and other requirements of the Employee Retirement Income Security Act of 1974. In addition to establishing certain minimum standards for par…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:01a347f1d938784fea1d2e6dc1b4c45ac020e1aa10e4b08c547daa3daae14766","downloaded_from":"2026-09-10T02:22:29.741Z","last_downloaded_at":"2026-09-10T02:22:29.741Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480395","source_sha256":"b3bc66b21db6a04f3cd3e4c8779113f8e90dd1e3a4146dd191204f9e5490d6c6"}},{"citation":"960-10-05-7","para":"05-7","html":"
The reporting requirements of the Act, except for certain particular references, are not included in the Codification, but they should nonetheless be considered by those responsible for the preparation of defined benefit plan financial statements.
","snippet":"The reporting requirements of the Act, except for certain particular references, are not included in the Codification, but they should nonetheless be considered by those responsible for the preparation of defined benefit…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ce6f3e9957772abf7087f554b9971825cc51cd89d43151b1deeafb026eb28c7b","downloaded_from":"2026-09-10T02:22:29.741Z","last_downloaded_at":"2026-09-10T02:22:29.741Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480395","source_sha256":"b3bc66b21db6a04f3cd3e4c8779113f8e90dd1e3a4146dd191204f9e5490d6c6"}},{"citation":"960-10-05-8","para":"05-8","html":"
The following terms are widely used when addressing benefit plan accounting and reporting, yet are not included in the text of the standards:
  1. a
    Actuarial asset value
  2. b
    Benefit security
  3. c
    General account
  4. d
    Nonvested benefit information
  5. e
    Retired life fund.
","snippet":"The following terms are widely used when addressing benefit plan accounting and reporting, yet are not included in the text of the standards:\n(a) Actuarial asset value\n(b) Benefit security\n(c) General account\n(d) Nonvest…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:6c001e025829797b46445b02d11ad9b5fad133a2730900bf55c21cd130e7dd8d","downloaded_from":"2026-09-10T02:22:29.741Z","last_downloaded_at":"2026-09-10T02:22:29.741Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480395","source_sha256":"b3bc66b21db6a04f3cd3e4c8779113f8e90dd1e3a4146dd191204f9e5490d6c6"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:dcf31b2744e7f2a3e2ba8894c036f69cc9dfe0bd63afe57bca262dfd14e41ba7","downloaded_from":"2026-09-10T02:22:29.741Z","last_downloaded_at":"2026-09-10T02:22:29.741Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480395","source_sha256":"b3bc66b21db6a04f3cd3e4c8779113f8e90dd1e3a4146dd191204f9e5490d6c6"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a3abc72fc4c8b4f678279d55fa0446df5892318055bc7dbc186d8ff2b7427ef2","downloaded_from":"2026-09-10T02:22:29.741Z","last_downloaded_at":"2026-09-10T02:22:29.741Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480395","source_sha256":"b3bc66b21db6a04f3cd3e4c8779113f8e90dd1e3a4146dd191204f9e5490d6c6"}},{"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":"960-10-15-1","para":"15-1","html":"
The Subtopics within the Plan Accounting—Defined Benefit Pension Plans Topic only provide incremental guidance for the entities defined in this Scope Section, or as further defined in the Scope Sections of the individual Plan Accounting—Defined Benefit Pension Plans Subtopics.
","snippet":"The Subtopics within the Plan Accounting—Defined Benefit Pension Plans Topic only provide incremental guidance for the entities defined in this Scope Section, or as further defined in the Scope Sections of the individual…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:82f2633f3760749b4530776088a1e36655480c14868a47a9403494f84ae7ed21","downloaded_from":"2026-09-10T02:22:31.408Z","last_downloaded_at":"2026-09-10T02:22:31.408Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480365","source_sha256":"3760eaa043977cf2847a8a697b3c70622ad450e75d0791e9a81cd1064f719335"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:17b06c1d585422b6f6b88fe0f38683e3898256c731c4cc983342f4fa0c71f9d4","downloaded_from":"2026-09-10T02:22:31.408Z","last_downloaded_at":"2026-09-10T02:22:31.408Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480365","source_sha256":"3760eaa043977cf2847a8a697b3c70622ad450e75d0791e9a81cd1064f719335"}},{"block":null,"heading":"Entities","paragraphs":[{"citation":"960-10-15-2","para":"15-2","html":"
The guidance in this Topic applies to the following entities:
  1. a
    All ongoing plans, funded or unfunded, that provide pension benefits for the employees of one or more employers or for the members of a trade or other employee association, including the following:
    1. 1
      Subparagraph not used.
    2. 2
      Plans that are subject to the provisions of the Employee Retirement Income Security Act
    3. 3
      Plans that are not subject to the provisions of the Employee Retirement Income Security Act
    4. 4
      Plans that have no intermediary funding agency or plans that may be financed through any of the following:
      1. i
        One or more trust funds
      2. ii
        One or more contracts with insurance entities
      3. iii
        A combination thereof.
  2. b
    Plans maintained outside the United States that are similar to plans maintained in the United States if financial statements of such plans are intended to conform with U.S. generally accepted accounting principles (GAAP).
","snippet":"The guidance in this Topic applies to the following entities:\n(a) All ongoing plans, funded or unfunded, that provide pension benefits for the employees of one or more employers or for the members of a trade or other emp…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f488aa31714f094a4641a1718a28b3842644e9087a1b041aafb2ab1511c53ea7","downloaded_from":"2026-09-10T02:22:31.408Z","last_downloaded_at":"2026-09-10T02:22:31.408Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480365","source_sha256":"3760eaa043977cf2847a8a697b3c70622ad450e75d0791e9a81cd1064f719335"}},{"citation":"960-10-15-3","para":"15-3","html":"
The guidance in this Topic does not apply to the following entities:
  1. a
    Government-sponsored social security plans.
","snippet":"The guidance in this Topic does not apply to the following entities:\n(a) Government-sponsored social security plans.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:79371cf3a6a132f36b6bc48e55d8c4ad4bb698a04df9194613198d5017ff2ccc","downloaded_from":"2026-09-10T02:22:31.408Z","last_downloaded_at":"2026-09-10T02:22:31.408Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480365","source_sha256":"3760eaa043977cf2847a8a697b3c70622ad450e75d0791e9a81cd1064f719335"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d36a52d213ae8923f7019e421e341d9d852c1608b694a82724156db30fccf89c","downloaded_from":"2026-09-10T02:22:31.408Z","last_downloaded_at":"2026-09-10T02:22:31.408Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480365","source_sha256":"3760eaa043977cf2847a8a697b3c70622ad450e75d0791e9a81cd1064f719335"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:7ae1510b5685288e31fc65950a9b1f596c49764572b12ebfb83b9c3304d75b43","downloaded_from":"2026-09-10T02:22:31.408Z","last_downloaded_at":"2026-09-10T02:22:31.408Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480365","source_sha256":"3760eaa043977cf2847a8a697b3c70622ad450e75d0791e9a81cd1064f719335"}}],"enrichment":{"summary":"ASC 960-10 is the Overall subtopic of the defined benefit pension plan accounting Topic, setting the scope of and providing an overview of financial reporting by the plan itself (not the sponsoring employer, which follows Topic 715). Defined benefit plans promise participants determinable benefits based on factors such as age, years of service, and compensation, and because the plan's net assets are the means of paying those benefits, net asset information is necessary to assess the plan's ability to pay benefits when due. The Topic applies to all ongoing plans (funded or unfunded, ERISA and non-ERISA, U.S. and comparable foreign plans reporting under U.S. GAAP) but does not itself require any plan to prepare or distribute financial statements.","key_points":["Topic 960 covers plan-level accounting for defined benefit pension plans; defined contribution plans fall under Topic 962, health and welfare plans under Topic 965, and employer-side accounting under Topic 715 (960-10-05-1).","The Topic is organized into Subtopics for Overall, Accumulated Plan Benefits, Net Assets Available for Plan Benefits, Terminating Plans, Presentation of Financial Statements, Receivables, Investments—Other, and Property, Plant, and Equipment (960-10-05-2).","Defined benefit plans promise specified, determinable benefits based on factors such as age, years of service, and compensation, and net asset information is necessary to assess the plan's ability to pay benefits when due (960-10-05-4).","This Topic does not require the preparation or distribution of any plan's financial statements (960-10-05-5); ERISA reporting requirements are largely outside the Codification but must still be considered by preparers (960-10-05-6 through 05-7).","Scope covers all ongoing plans, funded or unfunded, for employees of one or more employers or members of a trade or employee association, whether or not subject to ERISA, and however financed—trust funds, insurance contracts, both, or no intermediary funding agency (960-10-15-2(a)).","Non-U.S. plans similar to U.S. plans are within scope if their financial statements are intended to conform with U.S. GAAP (960-10-15-2(b)); government-sponsored social security plans are excluded (960-10-15-3(a)).","Terms such as actuarial asset value, benefit security, general account, nonvested benefit information, and retired life fund are widely used in practice but are not defined in the standards (960-10-05-8)."],"categories":["Industry-specific","Compensation and benefits","Financial statement presentation","Presentation"],"audience_level":"intermediate","student_note":"The most common confusion is mixing up plan accounting (Topic 960, where the plan is the reporting entity) with employer accounting (Topic 715, the sponsor's books); a second trap is assuming GAAP requires plan financial statements, when 960-10-05-5 expressly does not—that requirement comes from ERISA.","related_topics":["715","962","965","960-20","960-30","960-40"],"key_concepts":["defined benefit pension plan","net assets available for benefits","accumulated plan benefits","erisa reporting","plan-level financial statements","ongoing plan","trust or insurance contract funding","scope 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Plans","score":0.9386,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:fcd5d1ac3668c1fdf9f9b87470ff1fd28fc3d246a53200e0cc20474c56469e45","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":"962-10","title":"Overall","topic_title":"Plan Accounting—Defined Contribution Pension Plans","score":0.9299,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8de7cebb27f7f7ae02d0581f652d565533593a7ef1e4d0af54e1b18590f4e0d3","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":"715-10","title":"Overall","topic_title":"Compensation—Retirement Benefits","score":0.8418,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:6cce549746a83d127e6fd32bea21bb8be9e8c3fd25ba77f92c60faa6140889e1","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":"960-40","title":"Terminating Plans","topic_title":"Plan Accounting—Defined Benefit Pension Plans","score":0.7786,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:266d40af8b33c1929a22f3b010a46dd3754029205075f754b28da43dd7b738f6","downloaded_from":"2026-09-10T02:23:28.176Z","last_downloaded_at":"2026-09-10T02:23:46.986Z","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":"715-60","title":"Defined Benefit Plans—Other Postretirement","topic_title":"Compensation—Retirement Benefits","score":0.7667,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8588cb4db346db33b5ce7f90c184c9641132b245f45f4f59d1ac0a828b654d41","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"}}],"prev":{"number":"958-30","title":"Split-Interest Agreements","topic_title":"Not-for-Profit Entities","provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:11d4537d507feb57d5fc8d1d67abfe75dba93faf26a6f149281eb218b2e7d677","downloaded_from":"2026-09-10T02:21:59.891Z","last_downloaded_at":"2026-09-10T02:22:23.587Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},"next":{"number":"960-20","title":"Accumulated Plan Benefits","topic_title":"Plan Accounting—Defined Benefit Pension Plans","provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8956c22e3b97ebd42bd6ceac783b39598d31d417f7b42a8011be41ef83628c72","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"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b78e968d78b24080e39c306b39db320069a400271a53cae07490838e865226e2","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":"960-20","topic":"960","title":"Accumulated Plan Benefits","area":"Industry","paragraphs":59,"summary":"ASC 960-20 governs how a defined benefit pension plan measures and reports the actuarial present value of accumulated plan benefits — the benefits reasonably expected to be paid in exchange for employee service rendered to the benefit information date. Benefits are attributed using the plan's own provisions where possible and otherwise pro rata over years of service to full vesting (vested-type benefits) or to expected separation (nonvested-type benefits), measured using pay and service history as of the benefit information date under an ongoing-plan assumption. The total must be segmented at minimum into vested benefits of participants currently receiving payments, other vested benefits, and nonvested benefits, and the significant factors causing the year-to-year change must be identified.","concepts":["accumulated plan benefits","actuarial present value","benefit information date","vested and nonvested benefits","benefit attribution","assumed rate of return","ongoing plan assumption","change in actuarial assumptions"],"categories":["Compensation and benefits","Subsequent measurement","Presentation","Disclosure"],"level":"advanced","topic_title":"Plan Accounting—Defined Benefit Pension Plans","sections":[{"number":"00","label":"00 Status","anchor":"00-status","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"960-20-00-1","para":"00-1","html":"
The following table identifies the changes made to this Subtopic.
Paragraph Action Accounting Standards Update Date
Benefits Amended Accounting Standards Update No. 2016-19 12/14/2016
Benefits (1st def.) Superseded Accounting Standards Update No. 2014-06 03/14/2014
Benefits (3rd def.) Added Accounting Standards Update No. 2014-06 03/14/2014
Defined Benefit Plan Added Accounting Standards Update No. 2014-06 03/14/2014
Defined Benefit Pension Plan (1st def.) Superseded Accounting Standards Update No. 2014-06 03/14/2014
Participant (1st def.) Superseded Accounting Standards Update No. 2014-06 03/14/2014
Participant (2nd def.) Added Accounting Standards Update No. 2014-06 03/14/2014
Pension Benefits (1st def.) Superseded Accounting Standards Update No. 2014-06 03/14/2014
Pension Benefits (2nd def.) Added Accounting Standards Update No. 2014-06 03/14/2014
Pension Fund Added Accounting Standards Update No. 2014-06 03/14/2014
Plan Assets (2nd def.) Added Accounting Standards Update No. 2014-06 03/14/2014
Service (1st def.) Superseded Accounting Standards Update No. 2014-06 03/14/2014
Service (2nd def.) Added Accounting Standards Update No. 2014-06 03/14/2014
Sponsor (1st def.) Superseded Accounting Standards Update No. 2014-06 03/14/2014
Sponsor (3rd def.) Added Accounting Standards Update No. 2014-06 03/14/2014
Vested Benefits (1st def.) Superseded Accounting Standards Update No. 2014-06 03/14/2014
Vested Benefits (2nd def.) Added Accounting Standards Update No. 2014-06 03/14/2014
960-20-05-1 Amended Accounting Standards Update No. 2014-06 03/14/2014
960-20-25-1 Amended Accounting Standards Update No. 2014-06 03/14/2014
960-20-25-2 Amended Accounting Standards Update No. 2014-06 03/14/2014
960-20-25-5 Amended Accounting Standards Update No. 2014-06 03/14/2014
960-20-35-1 through 35-3
 Amended Accounting Standards Update No. 2014-06 03/14/2014
960-20-35-11 Amended Accounting Standards Update No. 2014-06 03/14/2014
960-20-35-12 Amended Accounting Standards Update No. 2014-06 03/14/2014
960-20-35-17 Amended Accounting Standards Update No. 2014-06 03/14/2014
960-20-45-2 Amended Accounting Standards Update No. 2012-04 10/01/2012
960-20-45-3 Amended Accounting Standards Update No. 2014-06 03/14/2014
960-20-45-5 Amended Accounting Standards Update No. 2014-06 03/14/2014
960-20-50-4 Amended Accounting Standards Update No. 2014-06 03/14/2014
960-20-50-6 Amended Accounting Standards Update No. 2014-06 03/14/2014
960-20-55-1 Amended Accounting Standards Update No. 2014-06 03/14/2014
960-20-55-2 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| | | |\nBenefits | Amended | Accounting Standards Update No. 2016-19 | 12/14/2016 |\nBenefits (1s…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:96a876e9b31c337f58b22ca0cf8a29d48d3a97795e53923dc0af91458ba43b54","downloaded_from":"2026-09-10T02:22:37.329Z","last_downloaded_at":"2026-09-10T02:22:37.329Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480302","source_sha256":"6e1a0fe47a709086623cccb6ba4b134e9f5c35529564987a09056cb7cccce100"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ccb56b4fc17d894ad54cce684840d9a58fffaedc4215d5eaa4199a2630dfc2b6","downloaded_from":"2026-09-10T02:22:37.329Z","last_downloaded_at":"2026-09-10T02:22:37.329Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480302","source_sha256":"6e1a0fe47a709086623cccb6ba4b134e9f5c35529564987a09056cb7cccce100"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:83c7582af599827a71a3f92d09b0e5de2e614005fb7aa5d205144ea2c6b2540c","downloaded_from":"2026-09-10T02:22:37.329Z","last_downloaded_at":"2026-09-10T02:22:37.329Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480302","source_sha256":"6e1a0fe47a709086623cccb6ba4b134e9f5c35529564987a09056cb7cccce100"}},{"number":"05","label":"05 Overview and Background","anchor":"05-overview-and-background","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"960-20-05-1","para":"05-1","html":"
This Subtopic provides guidance on accumulated plan benefits for defined benefit pension plans.
","snippet":"This Subtopic provides guidance on accumulated plan benefits for defined benefit pension plans.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e305324782217da00d7e946cfafe644295d1c9ae64caafc28c93b2548e9f264b","downloaded_from":"2026-09-10T02:22:40.092Z","last_downloaded_at":"2026-09-10T02:22:40.092Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480269","source_sha256":"78baa8d7baf4946016e839116ae1a73935c4e62ed87084ef386d12f004a6fe4a"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2f0949f0f3e5f4664ac8993d22c3d8291e390ba938fd0a979857f02f309dbbc8","downloaded_from":"2026-09-10T02:22:40.092Z","last_downloaded_at":"2026-09-10T02:22:40.092Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480269","source_sha256":"78baa8d7baf4946016e839116ae1a73935c4e62ed87084ef386d12f004a6fe4a"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:70f0349d3473515e087f3c2c6b02104c01d987b95692f91ee67a7767b4d3cecc","downloaded_from":"2026-09-10T02:22:40.092Z","last_downloaded_at":"2026-09-10T02:22:40.092Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480269","source_sha256":"78baa8d7baf4946016e839116ae1a73935c4e62ed87084ef386d12f004a6fe4a"}},{"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":"960-20-15-1","para":"15-1","html":"
This Subtopic follows the same Scope and Scope Exceptions as outlined in the Overall Subtopic, see Section 960-10-15.
","snippet":"This Subtopic follows the same Scope and Scope Exceptions as outlined in the Overall Subtopic, see Section 960-10-15.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:4015e1698ed944a78db3f782f54d518832e84119b7bf20f1dca3af88900bfbcb","downloaded_from":"2026-09-10T02:22:41.823Z","last_downloaded_at":"2026-09-10T02:22:41.823Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480240","source_sha256":"bab0a2fea0dc9a9f4a32f22062dcbb6ad231b0dd42ec0398640cfc155cc69cb5"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:30899aa1f959619cf7abb73837145978ddc3be3665e416f85e82a74702eb19f4","downloaded_from":"2026-09-10T02:22:41.823Z","last_downloaded_at":"2026-09-10T02:22:41.823Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480240","source_sha256":"bab0a2fea0dc9a9f4a32f22062dcbb6ad231b0dd42ec0398640cfc155cc69cb5"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:cd605416eacab612a07067e7513dadba96b1a047401c5e00cf5c2cd1a4870e81","downloaded_from":"2026-09-10T02:22:41.823Z","last_downloaded_at":"2026-09-10T02:22:41.823Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480240","source_sha256":"bab0a2fea0dc9a9f4a32f22062dcbb6ad231b0dd42ec0398640cfc155cc69cb5"}},{"number":"25","label":"25 Recognition","anchor":"25-recognition","is_sec":false,"groups":[{"block":null,"heading":"Application of Plan Provisions","paragraphs":[{"citation":"960-20-25-1","para":"25-1","html":"
Benefit information shall relate to the benefits reasonably expected to be paid in exchange for employees' service to the benefit information date.
","snippet":"Benefit information shall relate to the benefits reasonably expected to be paid in exchange for employees' service to the benefit information date.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:29f9b4ef32fab7431682275b3348ac8e23e64c948012720bfc58138c65c54e62","downloaded_from":"2026-09-10T02:22:48.507Z","last_downloaded_at":"2026-09-10T02:22:48.507Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481134","source_sha256":"ae731771da6a4a88cc1e26a8174925874a3da718977bca7d7ab12eb64eb16df9"}},{"citation":"960-20-25-2","para":"25-2","html":"
The following best represent the benefits attributable to service already rendered:
  1. a
    Vested benefits
  2. b
    Nonvested benefits expected to become vested, determined primarily in accordance with the benefit accrual provision
  3. c
    Employees' history of pay and service to the benefit information date.
","snippet":"The following best represent the benefits attributable to service already rendered:\n(a) Vested benefits\n(b) Nonvested benefits expected to become vested, determined primarily in accordance with the benefit accrual provis…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:6ed96aadf3b1ad3ed135ac1a593b3c707b5e8d871b133f130fe07775b87cdff1","downloaded_from":"2026-09-10T02:22:48.507Z","last_downloaded_at":"2026-09-10T02:22:48.507Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481134","source_sha256":"ae731771da6a4a88cc1e26a8174925874a3da718977bca7d7ab12eb64eb16df9"}},{"citation":"960-20-25-3","para":"25-3","html":"
To the extent possible, plan provisions shall apply in recognizing accumulated plan benefits. In some plans, benefits are a specified amount for each year of service. Even if a plan does not specify a benefit for each year of service, another of its provisions (for example, a provision applicable to terminated employees or to termination of the plan—if independent of funding patterns) may indicate how to measure accumulated plan benefits.
","snippet":"To the extent possible, plan provisions shall apply in recognizing accumulated plan benefits. In some plans, benefits are a specified amount for each year of service. Even if a plan does not specify a benefit for each ye…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:415af098a262ec4d74c731e510f0f43753f59a7b85ad2b688d4051417933dc32","downloaded_from":"2026-09-10T02:22:48.507Z","last_downloaded_at":"2026-09-10T02:22:48.507Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481134","source_sha256":"ae731771da6a4a88cc1e26a8174925874a3da718977bca7d7ab12eb64eb16df9"}},{"citation":"960-20-25-4","para":"25-4","html":"
If the benefit for each year of service is not stated by or clearly determinable from the provisions of the plan, the benefit shall be considered to accumulate in proportion to either of the following:
  1. a
    The ratio of the number of years of service completed to the benefit information date to the number that will have been completed when the benefit will first be fully vested, if the type of benefit is includable in vested benefits (for example, a supplemental early retirement benefit that is a vested benefit after a stated number of years of service)
  2. b
    The ratio of completed years of service to projected years of service upon anticipated separation from covered employment, if the type of benefit is not includable in vested benefits (for example, a death or disability benefit that is payable only if death or disability occurs during active service).
","snippet":"If the benefit for each year of service is not stated by or clearly determinable from the provisions of the plan, the benefit shall be considered to accumulate in proportion to either of the following:\n(a) The ratio of t…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f78bc101466aca82a2c2ab66ab2c1b380ee22833502f4a1916e3a53657cd57c1","downloaded_from":"2026-09-10T02:22:48.507Z","last_downloaded_at":"2026-09-10T02:22:48.507Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481134","source_sha256":"ae731771da6a4a88cc1e26a8174925874a3da718977bca7d7ab12eb64eb16df9"}},{"citation":"960-20-25-5","para":"25-5","html":"
In recognizing and measuring accumulated plan benefits, the following shall apply:
  1. a
    Except as indicated in (b) and (c) of this paragraph, accumulated plan benefits shall be based on employees' history of pay and service and other appropriate factors as of the benefit information date. An illustration of the application of this guidance appears in Example 1 (see paragraph 960-20-55-6).
  2. b
    Projected years of service shall be a factor only in determining employees' expected eligibility for particular benefits, such as any of the following:
    1. 1
      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. 2
      Early retirement benefits
    3. 3
      Death benefits
    4. 4
      Disability benefits.
  3. c
    Automatic benefit increases specified by the plan (for example, automatic cost-of-living increases) that are expected to occur after the benefit information date shall be recognized.
  4. d
    Benefits to be provided by means of contracts excluded from plan assets for which payments to the insurance entity have been made shall be excluded.
  5. e
    Plan amendments adopted after the benefit information date shall not be recognized.
  6. f
    If it is necessary to take future compensation into account in the determination of Social Security benefits, employees' compensation as of the benefit information date shall be assumed to remain unchanged during their assumed future service. Increases in the wage base or benefit level pursuant to either the existing Social Security law or possible future amendments of the law shall not be recognized.
","snippet":"In recognizing and measuring accumulated plan benefits, the following shall apply:\n(a) Except as indicated in (b) and (c) of this paragraph, accumulated plan benefits shall be based on employees' history of pay and servi…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1572961f13bc028c29fe32c9a102556cf5b1910de48658eb724048e4dc9f82d4","downloaded_from":"2026-09-10T02:22:48.507Z","last_downloaded_at":"2026-09-10T02:22:48.507Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481134","source_sha256":"ae731771da6a4a88cc1e26a8174925874a3da718977bca7d7ab12eb64eb16df9"}},{"citation":"960-20-25-6","para":"25-6","html":"
Superseded by Notice to Constituents.
","snippet":"Superseded by Notice to Constituents.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0e92b46346017ebae7434990e06e63834d4e6f47b46815b2a071158c658979e8","downloaded_from":"2026-09-10T02:22:48.507Z","last_downloaded_at":"2026-09-10T02:22:48.507Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481134","source_sha256":"ae731771da6a4a88cc1e26a8174925874a3da718977bca7d7ab12eb64eb16df9"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:730e41cc775a3c099385b12007d19d0f63534ac8ca0bbf08cd5d0ed96495784a","downloaded_from":"2026-09-10T02:22:48.507Z","last_downloaded_at":"2026-09-10T02:22:48.507Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481134","source_sha256":"ae731771da6a4a88cc1e26a8174925874a3da718977bca7d7ab12eb64eb16df9"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:362bb74c2f88e9b7695437d2d54ed93b4b0c16b13fd511884f1bd5093ff2df2b","downloaded_from":"2026-09-10T02:22:48.507Z","last_downloaded_at":"2026-09-10T02:22:48.507Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481134","source_sha256":"ae731771da6a4a88cc1e26a8174925874a3da718977bca7d7ab12eb64eb16df9"}},{"number":"30","label":"30 Initial Measurement","anchor":"30-initial-measurement","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"960-20-30-1","para":"30-1","html":"
Section not used.
","snippet":"Section not used.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c3f9f3544a1f3f2f72bedcb78989edcc0ee9d890c6d26dc10a108f45ad451b49","downloaded_from":"2026-09-10T02:22:52.384Z","last_downloaded_at":"2026-09-10T02:22:52.384Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481106","source_sha256":"4fd7d3ddbd4d581be2cca273c2554aafc728a39cc027f21f52b5bc8a928f2053"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3c70936d324ca9a5895485da6755ffc62e7d653eb0ede05ccd5840c548c321bf","downloaded_from":"2026-09-10T02:22:52.384Z","last_downloaded_at":"2026-09-10T02:22:52.384Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481106","source_sha256":"4fd7d3ddbd4d581be2cca273c2554aafc728a39cc027f21f52b5bc8a928f2053"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:18a663eec970775253d3c0ef3ab06b0cf7251d6fb5a04eb07a96f2834f6dbb12","downloaded_from":"2026-09-10T02:22:52.384Z","last_downloaded_at":"2026-09-10T02:22:52.384Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481106","source_sha256":"4fd7d3ddbd4d581be2cca273c2554aafc728a39cc027f21f52b5bc8a928f2053"}},{"number":"35","label":"35 Subsequent Measurement","anchor":"35-subsequent-measurement","is_sec":false,"groups":[{"block":null,"heading":"Assumptions Used in Determining Benefit Information","paragraphs":[{"citation":"960-20-35-1","para":"35-1","html":"
An assumption of an ongoing plan shall underlie the other assumptions used in determining the actuarial present value of accumulated plan benefits. Every other significant assumption used in that determination and disclosed pursuant to paragraph 960-20-50-8 shall reflect the best estimate of the plan's future experience solely with respect to that individual assumption. As to certain assumptions, all of the following shall apply:
  1. a
    Assumed rates of return shall reflect the expected rates of return during the periods for which payment of benefits is deferred and shall be consistent with returns realistically achievable on the types of assets held by the plan and the plan's investment policy. To the extent that assumed rates of return are based on values of existing plan assets, the values used in determining assumed rates of return shall be the values presented in the plan's financial statements pursuant to the requirements of the Plan Accounting—Defined Benefit Pension Plans Topic.
  2. b
    Expected rates of inflation assumed in estimating automatic cost-of-living adjustments shall be consistent with the assumed rates of return.
  3. c
    Administrative expenses expected to be paid by the plan (not those paid by the sponsor) that are associated with providing accumulated plan benefits shall be reflected either by appropriately adjusting the assumed rates of return or by assigning those expenses to future periods and discounting them to the benefit information date.
","snippet":"An assumption of an ongoing plan shall underlie the other assumptions used in determining the actuarial present value of accumulated plan benefits. Every other significant assumption used in that determination and disclo…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:00b4c14d4556fb5b8db35814ee907a369650e6f00e1887b09c6dc42eda94b57d","downloaded_from":"2026-09-10T02:22:54.913Z","last_downloaded_at":"2026-09-10T02:22:54.913Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481073","source_sha256":"7ad438cd6cbaf21943a47bfa0f516b6ec2f3e441604a8f52e7183eb9b2a345e1"}},{"citation":"960-20-35-1A","para":"35-1A","html":"
In selecting certain assumptions to be used in determining the actuarial present value of accumulated plan benefits, an acceptable alternative to that discussed in the preceding paragraph is to use those assumptions that are inherent in the estimated cost at the benefit information date to obtain a contract with an insurance entity to provide participants with their accumulated plan benefits. Those other assumptions that are necessary but are not inherent in that estimated cost shall be selected pursuant to the requirements of the preceding paragraph.
","snippet":"In selecting certain assumptions to be used in determining the actuarial present value of accumulated plan benefits, an acceptable alternative to that discussed in the preceding paragraph is to use those assumptions that…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c360747b5d30ce3a85d036ce753c59455685473c33aa7ceba70fe6703e814036","downloaded_from":"2026-09-10T02:22:54.913Z","last_downloaded_at":"2026-09-10T02:22:54.913Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481073","source_sha256":"7ad438cd6cbaf21943a47bfa0f516b6ec2f3e441604a8f52e7183eb9b2a345e1"}},{"citation":"960-20-35-2","para":"35-2","html":"
For plans below a certain size, that alternative may be preferable to selection of certain assumptions (for example, mortality rates) appropriate for the participant group because the validity of actuarial assumptions is dependent on the law of large numbers. The use of insurance entity premium rates might also reduce for some plans the cost of implementing this Subtopic.
","snippet":"For plans below a certain size, that alternative may be preferable to selection of certain assumptions (for example, mortality rates) appropriate for the participant group because the validity of actuarial assumptions is…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8a1073dd096fea8cae8c4fe9dc68809877c183451b189b6039b7ba0fed4efe3d","downloaded_from":"2026-09-10T02:22:54.913Z","last_downloaded_at":"2026-09-10T02:22:54.913Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481073","source_sha256":"7ad438cd6cbaf21943a47bfa0f516b6ec2f3e441604a8f52e7183eb9b2a345e1"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2e0f00e47b75cbf5f3a33578596bd65f671786428218f14f4f71f3f47847fb8a","downloaded_from":"2026-09-10T02:22:54.913Z","last_downloaded_at":"2026-09-10T02:22:54.913Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481073","source_sha256":"7ad438cd6cbaf21943a47bfa0f516b6ec2f3e441604a8f52e7183eb9b2a345e1"}},{"block":null,"heading":"Changes in Assumptions","paragraphs":[{"citation":"960-20-35-3","para":"35-3","html":"
The following discusses the consideration of certain factors related to changes in assumptions used to calculate a plan's accumulated benefits.
","snippet":"The following discusses the consideration of certain factors related to changes in assumptions used to calculate a plan's accumulated benefits.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f9f859f4e4a71b0684feb5b3fe3382b0530a7c8282a346b20fba7e8348990b65","downloaded_from":"2026-09-10T02:22:54.913Z","last_downloaded_at":"2026-09-10T02:22:54.913Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481073","source_sha256":"7ad438cd6cbaf21943a47bfa0f516b6ec2f3e441604a8f52e7183eb9b2a345e1"}},{"citation":"960-20-35-4","para":"35-4","html":"
Changes in actuarial assumptions made to reflect changes in the plan's expected experience shall be viewed as changes in estimates. That is, the effects of those changes shall be accounted for in the year of change (or in the year of change and future years if the change affects both) and shall not be accounted for by restating amounts reported in financial statements for prior years or by reporting pro forma amounts for prior years.
","snippet":"Changes in actuarial assumptions made to reflect changes in the plan's expected experience shall be viewed as changes in estimates. That is, the effects of those changes shall be accounted for in the year of change (or i…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:cc0d243bb78c03202a4d88128b86abf452e8958256b5cdc42330bec373d8918c","downloaded_from":"2026-09-10T02:22:54.913Z","last_downloaded_at":"2026-09-10T02:22:54.913Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481073","source_sha256":"7ad438cd6cbaf21943a47bfa0f516b6ec2f3e441604a8f52e7183eb9b2a345e1"}},{"citation":"960-20-35-5","para":"35-5","html":"
Assumed rates of return used to determine the actuarial present value of accumulated plan benefits may change periodically due to changes in expected rates of return or as changes occur in the factors affecting estimates. A change in assumed rates of return need not necessarily result when a decision is made to replace fixed-income securities currently held with lower-rated fixed-income securities because the higher yield associated with the lower-rated securities reflects increased risk. Accordingly, a higher ultimate return on the aggregate investment portfolio may not result.
","snippet":"Assumed rates of return used to determine the actuarial present value of accumulated plan benefits may change periodically due to changes in expected rates of return or as changes occur in the factors affecting estimates…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d7dfab860ffe35b2254b98f5e4e3825c8e13224e5ecde59fcb8ce8272353bab1","downloaded_from":"2026-09-10T02:22:54.913Z","last_downloaded_at":"2026-09-10T02:22:54.913Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481073","source_sha256":"7ad438cd6cbaf21943a47bfa0f516b6ec2f3e441604a8f52e7183eb9b2a345e1"}},{"citation":"960-20-35-6","para":"35-6","html":"
The assumed rates of return required by this Subtopic relate to the periods for which payment of benefits is deferred and therefore encompass the periods on which automatic cost-of-living adjustments are based. Paragraph 960-20-35-10 discusses a relationship between assumed rates of inflation and assumed rates of return.
","snippet":"The assumed rates of return required by this Subtopic relate to the periods for which payment of benefits is deferred and therefore encompass the periods on which automatic cost-of-living adjustments are based. Paragraph…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:871c83d9529326d48a91df60ecacb2d082d01f63011eb4d6b6fb3ae87b47f9b3","downloaded_from":"2026-09-10T02:22:54.913Z","last_downloaded_at":"2026-09-10T02:22:54.913Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481073","source_sha256":"7ad438cd6cbaf21943a47bfa0f516b6ec2f3e441604a8f52e7183eb9b2a345e1"}},{"citation":"960-20-35-7","para":"35-7","html":"
The determination of assumed rates of return for most plans is, to a significant degree, a matter of judgment.
","snippet":"The determination of assumed rates of return for most plans is, to a significant degree, a matter of judgment.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c220dcd3a81a003f93a411607b0a209862d4c659c91aa317df8ab269de8340b2","downloaded_from":"2026-09-10T02:22:54.913Z","last_downloaded_at":"2026-09-10T02:22:54.913Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481073","source_sha256":"7ad438cd6cbaf21943a47bfa0f516b6ec2f3e441604a8f52e7183eb9b2a345e1"}},{"citation":"960-20-35-8","para":"35-8","html":"
Thus, various factors shall be considered in estimating rates of return to be used in determining the actuarial present value of accumulated plan benefits. Among them are the following:
  1. a
    Rates of return expected from investments currently held or available in the marketplace
  2. b
    Rates of return expected from the reinvestment of actual returns from those investments
  3. c
    The investment policy of the plan, including the diversity of investments currently held and expected to be held in the future.
","snippet":"Thus, various factors shall be considered in estimating rates of return to be used in determining the actuarial present value of accumulated plan benefits. Among them are the following:\n(a) Rates of return expected from …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:6002db17ccf25b867638919c87dd47ce80a39daa3498595c9b170b1c898421c1","downloaded_from":"2026-09-10T02:22:54.913Z","last_downloaded_at":"2026-09-10T02:22:54.913Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481073","source_sha256":"7ad438cd6cbaf21943a47bfa0f516b6ec2f3e441604a8f52e7183eb9b2a345e1"}},{"citation":"960-20-35-9","para":"35-9","html":"
Accordingly, accumulated plan benefits will generally not be discounted solely at rates of return expected on existing investments, and changes in assumed rates of return will probably not equal the change during the reporting period in either short-term or long-term interest rates. A factor to consider in assessing the extent to which short-term and long-term interest rates should impact assumed rates of return is the degree to which the timing of cash inflows from related existing or potential investments matches the timing of payments of accumulated plan benefits. However, to the extent that assumed rates of return are affected by the rates of return expected from existing investments, this Subtopic requires that those expected rates be based on the values presented for those investments in the plan's financial statements. Further, the assumed rates of return at which accumulated plan benefits are discounted shall be reconsidered in light of changes in the fair values of investments between one period and another.
","snippet":"Accordingly, accumulated plan benefits will generally not be discounted solely at rates of return expected on existing investments, and changes in assumed rates of return will probably not equal the change during the rep…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:aa9d9066188addc5f0e4c706e03d7e39e63b8696e69ad7ee0097062c6f44e161","downloaded_from":"2026-09-10T02:22:54.913Z","last_downloaded_at":"2026-09-10T02:22:54.913Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481073","source_sha256":"7ad438cd6cbaf21943a47bfa0f516b6ec2f3e441604a8f52e7183eb9b2a345e1"}},{"citation":"960-20-35-10","para":"35-10","html":"
This Subtopic requires that assumed rates of inflation used in measuring benefits attributable to automatic cost-of-living adjustments be consistent with those inherent in assumed rates of return. If an automatic cost-of-living adjustment is subject to a maximum annual percentage increase (sometimes referred to as a cap), the assumed rate of benefit increase may differ from the assumed rate of inflation.
","snippet":"This Subtopic requires that assumed rates of inflation used in measuring benefits attributable to automatic cost-of-living adjustments be consistent with those inherent in assumed rates of return. If an automatic cost-of…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:6447f854c93b0242f9a9d88144b26ed81d69d3880e43f2cab723f2751ce29bdf","downloaded_from":"2026-09-10T02:22:54.913Z","last_downloaded_at":"2026-09-10T02:22:54.913Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481073","source_sha256":"7ad438cd6cbaf21943a47bfa0f516b6ec2f3e441604a8f52e7183eb9b2a345e1"}},{"citation":"960-20-35-11","para":"35-11","html":"
Pension benefits are not paid unless employees live to retirement, and they cease upon death unless there is a coannuitant, as in the case of a joint and survivor option. Therefore, accumulated plan benefits shall be adjusted to reflect participants' longevity.
","snippet":"Pension benefits are not paid unless employees live to retirement, and they cease upon death unless there is a coannuitant, as in the case of a joint and survivor option. Therefore, accumulated plan benefits shall be adj…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ac6c409c26c425701be0bf0cb6fa992154cda05740d142bd4922eeb24048267b","downloaded_from":"2026-09-10T02:22:54.913Z","last_downloaded_at":"2026-09-10T02:22:54.913Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481073","source_sha256":"7ad438cd6cbaf21943a47bfa0f516b6ec2f3e441604a8f52e7183eb9b2a345e1"}},{"citation":"960-20-35-12","para":"35-12","html":"
For reasons other than death or disability, employees may cease rendering service. If they do so before their pension benefits become fully vested, some or all of those benefits (depending on the plan's vesting provision) are forfeited.
","snippet":"For reasons other than death or disability, employees may cease rendering service. If they do so before their pension benefits become fully vested, some or all of those benefits (depending on the plan's vesting provision…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:fbf8437b56070b85524b53d19a27f495389fbdd8e9aa49ca068649713a301aaf","downloaded_from":"2026-09-10T02:22:54.913Z","last_downloaded_at":"2026-09-10T02:22:54.913Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481073","source_sha256":"7ad438cd6cbaf21943a47bfa0f516b6ec2f3e441604a8f52e7183eb9b2a345e1"}},{"citation":"960-20-35-13","para":"35-13","html":"
Nonrecognition of future withdrawals would overstate the benefits reasonably expected to become payable. Consideration of future withdrawals is also consistent with consideration of future service in determining employees' expected eligibility for increased benefits.
","snippet":"Nonrecognition of future withdrawals would overstate the benefits reasonably expected to become payable. Consideration of future withdrawals is also consistent with consideration of future service in determining employee…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:885d13beb308832ab6578088b61e0deecf8803180209634136e4986487c61711","downloaded_from":"2026-09-10T02:22:54.913Z","last_downloaded_at":"2026-09-10T02:22:54.913Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481073","source_sha256":"7ad438cd6cbaf21943a47bfa0f516b6ec2f3e441604a8f52e7183eb9b2a345e1"}},{"citation":"960-20-35-14","para":"35-14","html":"
The selection of assumed rates of return at which to discount accumulated plan benefits is designed to present the net assets and benefit information on comparable bases and is independent of the plan's benefit formula.
","snippet":"The selection of assumed rates of return at which to discount accumulated plan benefits is designed to present the net assets and benefit information on comparable bases and is independent of the plan's benefit formula.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:11df38f5bd09c0080ca9cfa9c7f8146e41bb52b570ed4b6953afab606bedf581","downloaded_from":"2026-09-10T02:22:54.913Z","last_downloaded_at":"2026-09-10T02:22:54.913Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481073","source_sha256":"7ad438cd6cbaf21943a47bfa0f516b6ec2f3e441604a8f52e7183eb9b2a345e1"}},{"citation":"960-20-35-15","para":"35-15","html":"
Because administrative expenses are incurred when making benefit payments, those expenses shall be considered in determining the benefit information. However, in similar circumstances, their use results in the disclosure (pursuant to paragraph 960-20-50-8) of different rates of return. See paragraph 960-20-35-1(c) for alternate methods of reflecting administrative expenses in the determination of benefit information.
","snippet":"Because administrative expenses are incurred when making benefit payments, those expenses shall be considered in determining the benefit information. However, in similar circumstances, their use results in the disclosure…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:50842fcaf5d3b4cd16d20a17a447c5b6e72d9ac8b7899273e0ac02eded2881ac","downloaded_from":"2026-09-10T02:22:54.913Z","last_downloaded_at":"2026-09-10T02:22:54.913Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481073","source_sha256":"7ad438cd6cbaf21943a47bfa0f516b6ec2f3e441604a8f52e7183eb9b2a345e1"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9eb1f998e6136a207c59992bf4d08adfd5e3f041761372f1587b9360103af4b1","downloaded_from":"2026-09-10T02:22:54.913Z","last_downloaded_at":"2026-09-10T02:22:54.913Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481073","source_sha256":"7ad438cd6cbaf21943a47bfa0f516b6ec2f3e441604a8f52e7183eb9b2a345e1"}},{"block":null,"heading":"Use of Averages or Reasonable Approximations","paragraphs":[{"citation":"960-20-35-16","para":"35-16","html":"
The literal application of certain of the requirements of the Plan Accounting—Defined Benefit Pension Plans Topic could require a degree of detail in recordkeeping and computation that might be unduly burdensome. Accordingly, the use of averages or other methods of approximation is appropriate, provided the results obtained are substantially the same as the results contemplated by this Topic.
","snippet":"The literal application of certain of the requirements of the Plan Accounting—Defined Benefit Pension Plans Topic could require a degree of detail in recordkeeping and computation that might be unduly burdensome. Accordi…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f2f2e63dd491c1a6b523f8095fb71f335a759380ae716db396a8571d3b9722e6","downloaded_from":"2026-09-10T02:22:54.913Z","last_downloaded_at":"2026-09-10T02:22:54.913Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481073","source_sha256":"7ad438cd6cbaf21943a47bfa0f516b6ec2f3e441604a8f52e7183eb9b2a345e1"}},{"citation":"960-20-35-17","para":"35-17","html":"
Thus, rolling back to the beginning of the year or projecting to the end of the year detailed employee service-related data as of a date within the year may be acceptable in approximating beginning- or end-of-year benefit information. It is expected that only in unusual circumstances will projecting the data collected during a triennial valuation to a benefit information date in a subsequent year satisfy the criterion of providing results that are substantially the same as those that would be obtained using data as of that latter date. An example of such unusual circumstances might be a small plan with a stable participant population.
","snippet":"Thus, rolling back to the beginning of the year or projecting to the end of the year detailed employee service-related data as of a date within the year may be acceptable in approximating beginning- or end-of-year benefi…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:5056128681f52dbce719b45575b7168307214ebb861c86c73f94ae4de294e13d","downloaded_from":"2026-09-10T02:22:54.913Z","last_downloaded_at":"2026-09-10T02:22:54.913Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481073","source_sha256":"7ad438cd6cbaf21943a47bfa0f516b6ec2f3e441604a8f52e7183eb9b2a345e1"}},{"citation":"960-20-35-18","para":"35-18","html":"
The use of averages and other methods of approximation consistent with recommended actuarial practice may be useful in conjunction with other provisions of the Plan Accounting—Defined Benefit Pension Plans Topic, particularly if applied to plans sponsored by small employers.
","snippet":"The use of averages and other methods of approximation consistent with recommended actuarial practice may be useful in conjunction with other provisions of the Plan Accounting—Defined Benefit Pension Plans Topic, particu…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2ee6cbfd66b408fa59f207e69023507c8de7137a7138c2f5c04d29d604365900","downloaded_from":"2026-09-10T02:22:54.913Z","last_downloaded_at":"2026-09-10T02:22:54.913Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481073","source_sha256":"7ad438cd6cbaf21943a47bfa0f516b6ec2f3e441604a8f52e7183eb9b2a345e1"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:7d4414d311ef197ded07a9fc56c9994ceff9d917cc69fee88db17993d64595da","downloaded_from":"2026-09-10T02:22:54.913Z","last_downloaded_at":"2026-09-10T02:22:54.913Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481073","source_sha256":"7ad438cd6cbaf21943a47bfa0f516b6ec2f3e441604a8f52e7183eb9b2a345e1"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3cb554be6809093be8f31b923794ef48ba49c0842473edb560fd73d33c0260fd","downloaded_from":"2026-09-10T02:22:54.913Z","last_downloaded_at":"2026-09-10T02:22:54.913Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481073","source_sha256":"7ad438cd6cbaf21943a47bfa0f516b6ec2f3e441604a8f52e7183eb9b2a345e1"}},{"number":"45","label":"45 Other Presentation Matters","anchor":"45-other-presentation-matters","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"960-20-45-1","para":"45-1","html":"
As discussed in paragraph 960-205-45-1, the annual financial statements of a plan shall include information regarding the actuarial present value of accumulated plan benefits as of either the beginning or end of the plan year.
","snippet":"As discussed in paragraph 960-205-45-1, the annual financial statements of a plan shall include information regarding the actuarial present value of accumulated plan benefits as of either the beginning or end of the plan…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:82b97d02ae4501000aaf0fd5b08ef83fb61c092bcd5722073922904c0d4fb05b","downloaded_from":"2026-09-10T02:22:57.487Z","last_downloaded_at":"2026-09-10T02:22:57.487Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481042","source_sha256":"88be53d1b0f65aa9db111c50272eb034146b8ab25dcbb6520892f4a0b2ea45db"}},{"citation":"960-20-45-2","para":"45-2","html":"
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 and the year-to-year changes therein.
","snippet":"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 o…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:37bab06967d74c6266e5602e98dae331e798e2dc31a6b381828cf8d4daaa5bbf","downloaded_from":"2026-09-10T02:22:57.487Z","last_downloaded_at":"2026-09-10T02:22:57.487Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481042","source_sha256":"88be53d1b0f65aa9db111c50272eb034146b8ab25dcbb6520892f4a0b2ea45db"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:112e0cd98a672b413e883f0265f18ec65f7abf64728c386f3e8191017cf38a1f","downloaded_from":"2026-09-10T02:22:57.487Z","last_downloaded_at":"2026-09-10T02:22:57.487Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481042","source_sha256":"88be53d1b0f65aa9db111c50272eb034146b8ab25dcbb6520892f4a0b2ea45db"}},{"block":null,"heading":"Actuarial Present Value of Accumulated Plan Benefits","paragraphs":[{"citation":"960-20-45-3","para":"45-3","html":"
The total actuarial present value of accumulated plan benefits as of the benefit information date shall be segmented into at least the following categories:
  1. a
    Vested benefits of participants currently receiving payments, including benefits due and payable as of the benefit information date
  2. b
    Other vested benefits
  3. c
    Nonvested benefits.
","snippet":"The total actuarial present value of accumulated plan benefits as of the benefit information date shall be segmented into at least the following categories:\n(a) Vested benefits of participants currently receiving payment…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:388a0ba572e57ba56327aabd0b760fd302e5e3706950fa8c7ace1c483f2b71e9","downloaded_from":"2026-09-10T02:22:57.487Z","last_downloaded_at":"2026-09-10T02:22:57.487Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481042","source_sha256":"88be53d1b0f65aa9db111c50272eb034146b8ab25dcbb6520892f4a0b2ea45db"}},{"citation":"960-20-45-4","para":"45-4","html":"
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 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 to vested benefit information.
","snippet":"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 determ…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3d1caf6f4750aca80cd6ec40568660ef759b575ee923506de0d4be0857dfa375","downloaded_from":"2026-09-10T02:22:57.487Z","last_downloaded_at":"2026-09-10T02:22:57.487Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481042","source_sha256":"88be53d1b0f65aa9db111c50272eb034146b8ab25dcbb6520892f4a0b2ea45db"}},{"citation":"960-20-45-5","para":"45-5","html":"
Information regarding accumulated plan benefits 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 financial statements.
","snippet":"Information regarding accumulated plan benefits 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, obligati…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b9eb63d489abd3a088457631517b66dfda032317171b1c8327bcc55879ae1107","downloaded_from":"2026-09-10T02:22:57.487Z","last_downloaded_at":"2026-09-10T02:22:57.487Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481042","source_sha256":"88be53d1b0f65aa9db111c50272eb034146b8ab25dcbb6520892f4a0b2ea45db"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d78f0165345630f43fffb580fda7a11d43351ffeda57519325b536e65589874b","downloaded_from":"2026-09-10T02:22:57.487Z","last_downloaded_at":"2026-09-10T02:22:57.487Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481042","source_sha256":"88be53d1b0f65aa9db111c50272eb034146b8ab25dcbb6520892f4a0b2ea45db"}},{"block":null,"heading":"Changes in the Actuarial Present Value of Accumulated Plan Benefits","paragraphs":[{"citation":"960-20-45-6","para":"45-6","html":"
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.
","snippet":"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 informati…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9ccfc03b53a7ce68ec5fed6fed73919d1f2e18a37b1cc5ed537d5482b7edb24e","downloaded_from":"2026-09-10T02:22:57.487Z","last_downloaded_at":"2026-09-10T02:22:57.487Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481042","source_sha256":"88be53d1b0f65aa9db111c50272eb034146b8ab25dcbb6520892f4a0b2ea45db"}},{"citation":"960-20-45-7","para":"45-7","html":"
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.
","snippet":"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.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9bf7f3ddb8be09c19bdba15d0a03d4633aa0c6fe2dedbc0c8105ec7339c4b607","downloaded_from":"2026-09-10T02:22:57.487Z","last_downloaded_at":"2026-09-10T02:22:57.487Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481042","source_sha256":"88be53d1b0f65aa9db111c50272eb034146b8ab25dcbb6520892f4a0b2ea45db"}},{"citation":"960-20-45-8","para":"45-8","html":"
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.
","snippet":"Information regarding changes in the actuarial present value of accumulated plan benefits may be presented in either of the following ways:\n(a) In a statement that accounts for the change between two benefit information …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:6c95b73e74658782e25c95c0105a214de914bc30a84764f3d6c77338db935c16","downloaded_from":"2026-09-10T02:22:57.487Z","last_downloaded_at":"2026-09-10T02:22:57.487Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481042","source_sha256":"88be53d1b0f65aa9db111c50272eb034146b8ab25dcbb6520892f4a0b2ea45db"}},{"citation":"960-20-45-9","para":"45-9","html":"
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.
","snippet":"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.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:577e2041e781e332c9a02098854b5e609c576df467902e19ca887ee22de449c7","downloaded_from":"2026-09-10T02:22:57.487Z","last_downloaded_at":"2026-09-10T02:22:57.487Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481042","source_sha256":"88be53d1b0f65aa9db111c50272eb034146b8ab25dcbb6520892f4a0b2ea45db"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:66c0e0cbaa6e352715844d47d7e58922dbdb96c6ca025457455e008296f1fc14","downloaded_from":"2026-09-10T02:22:57.487Z","last_downloaded_at":"2026-09-10T02:22:57.487Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481042","source_sha256":"88be53d1b0f65aa9db111c50272eb034146b8ab25dcbb6520892f4a0b2ea45db"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:918d4ad32eb6c62cdccb6803db06e20cd296a42abffb4fc66d4ac7a8a90d3357","downloaded_from":"2026-09-10T02:22:57.487Z","last_downloaded_at":"2026-09-10T02:22:57.487Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481042","source_sha256":"88be53d1b0f65aa9db111c50272eb034146b8ab25dcbb6520892f4a0b2ea45db"}},{"number":"50","label":"50 Disclosure","anchor":"50-disclosure","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"960-20-50-1","para":"50-1","html":"
See paragraph 960-20-45-2 for required information regarding the actuarial present value of accumulated plan benefits and the year-to-year changes therein that, if not presented in the basic financial statements, shall be disclosed in the notes to financial statements.
","snippet":"See paragraph 960-20-45-2 for required information regarding the actuarial present value of accumulated plan benefits and the year-to-year changes therein that, if not presented in the basic financial statements, shall b…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:db55549bc76c20aca39194df90be1a7bbd371cc5e29b86eb5cd196ca2201c675","downloaded_from":"2026-09-10T02:22:59.930Z","last_downloaded_at":"2026-09-10T02:22:59.930Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481014","source_sha256":"82804aa5be500bd3a36e8d63667b2b5dc109547547a4b4b48704ec5809ad7936"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ad588754c7195d832e13c5d517216622c1c5c24c9b26afe4daad0e052d273541","downloaded_from":"2026-09-10T02:22:59.930Z","last_downloaded_at":"2026-09-10T02:22:59.930Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481014","source_sha256":"82804aa5be500bd3a36e8d63667b2b5dc109547547a4b4b48704ec5809ad7936"}},{"block":null,"heading":"Actuarial Present Value of Accumulated Plan Benefits","paragraphs":[{"citation":"960-20-50-2","para":"50-2","html":"
Present employees' accumulated contributions as of the benefit information date (including interest, if any) shall be disclosed. If interest has been credited on employees' contributions, the rate(s) shall be disclosed.
","snippet":"Present employees' accumulated contributions as of the benefit information date (including interest, if any) shall be disclosed. If interest has been credited on employees' contributions, the rate(s) shall be disclosed.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:718eb6a4fa25512b2fbac2bd8caee7d65e8fec24bec8e3761c9d0c70ddeddaa6","downloaded_from":"2026-09-10T02:22:59.930Z","last_downloaded_at":"2026-09-10T02:22:59.930Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481014","source_sha256":"82804aa5be500bd3a36e8d63667b2b5dc109547547a4b4b48704ec5809ad7936"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9d7a470b68780d35be0ffe4e5e734500fceae1b44b71e02e7584457297ad735b","downloaded_from":"2026-09-10T02:22:59.930Z","last_downloaded_at":"2026-09-10T02:22:59.930Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481014","source_sha256":"82804aa5be500bd3a36e8d63667b2b5dc109547547a4b4b48704ec5809ad7936"}},{"block":null,"heading":"Changes in the Actuarial Present Value of Accumulated Plan Benefits","paragraphs":[{"citation":"960-20-50-3","para":"50-3","html":"
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. Minimum disclosure shall include the significant effects of factors such as the following:
  1. a
    Plan amendments
  2. b
    Changes in the nature of the plan (for example, a plan spinoff or a merger with another plan)
  3. c
    Changes in actuarial assumptions. Plans that measure the actuarial present value of accumulated plan benefits by insurance entity rates pursuant to the alternative approach described in paragraph 960-20-35-1A shall, if practicable, disclose the effects of changes in actuarial assumptions reflected in changes in those insurance rates.
","snippet":"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. Minimum disclosure shall inc…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0482edc20ed3dfadd87819d595e5f71865e2211aabf843e5d9d972f92c17432d","downloaded_from":"2026-09-10T02:22:59.930Z","last_downloaded_at":"2026-09-10T02:22:59.930Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481014","source_sha256":"82804aa5be500bd3a36e8d63667b2b5dc109547547a4b4b48704ec5809ad7936"}},{"citation":"960-20-50-4","para":"50-4","html":"
The significant effects of other factors may also be identified, including, for example, the following:
  1. a
    Benefits accumulated (Actuarial experience gains or losses may be included with the effects of additional benefits accumulated rather than being separately disclosed; if the effects of changes in actuarial assumptions discussed in (c) of the preceding paragraph cannot be separately disclosed, those effects shall be included in benefits accumulated.)
  2. b
    The increase (for interest) as a result of the decrease in the discount period
  3. c
    Benefits paid.
","snippet":"The significant effects of other factors may also be identified, including, for example, the following:\n(a) Benefits accumulated (Actuarial experience gains or losses may be included with the effects of additional benefi…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2ce84d4c069c647c14f815031655530065262da861b34c10ba4e42c1d03cf763","downloaded_from":"2026-09-10T02:22:59.930Z","last_downloaded_at":"2026-09-10T02:22:59.930Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481014","source_sha256":"82804aa5be500bd3a36e8d63667b2b5dc109547547a4b4b48704ec5809ad7936"}},{"citation":"960-20-50-5","para":"50-5","html":"
Disclosure of the effects of all significant factors affecting the year-to-year change in the benefit information is encouraged.
","snippet":"Disclosure of the effects of all significant factors affecting the year-to-year change in the benefit information is encouraged.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:de76ef80f6b773bfbf7790324358d66d1d17b00bfdb425cd3b7a4156080ac373","downloaded_from":"2026-09-10T02:22:59.930Z","last_downloaded_at":"2026-09-10T02:22:59.930Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481014","source_sha256":"82804aa5be500bd3a36e8d63667b2b5dc109547547a4b4b48704ec5809ad7936"}},{"citation":"960-20-50-6","para":"50-6","html":"
If presented, benefits paid shall not include benefit payments made by an insurance entity in accordance with a contract that is excluded from plan assets. However, amounts paid by the plan to an insurance entity pursuant to such a contract (including purchasing annuities with amounts allocated from existing investments with the insurance entity) shall be included in benefits paid. Due to the use of different actuarial assumptions, the amount paid by the plan to an insurance entity may be different from the previous measure of the actuarial present value of the related accumulated plan benefits. That difference is an actuarial experience gain or loss (see paragraph 960-20-50-4).
","snippet":"If presented, benefits paid shall not include benefit payments made by an insurance entity in accordance with a contract that is excluded from plan assets. However, amounts paid by the plan to an insurance entity pursuan…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:6fe481a1b7236891918e7ea3f97212ba95b786fc32d674b80aca54360ee0e4f3","downloaded_from":"2026-09-10T02:22:59.930Z","last_downloaded_at":"2026-09-10T02:22:59.930Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481014","source_sha256":"82804aa5be500bd3a36e8d63667b2b5dc109547547a4b4b48704ec5809ad7936"}},{"citation":"960-20-50-7","para":"50-7","html":"
If the minimum required disclosure is presented in other than a statement format, the actuarial present value of accumulated plan benefits as of the preceding benefit information date shall also be presented.
","snippet":"If the minimum required disclosure is presented in other than a statement format, the actuarial present value of accumulated plan benefits as of the preceding benefit information date shall also be presented.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:54c273f4781e6b64b0fe7684f0a02244211fdd6f9f30f5053e7feaf6cd4eaf3e","downloaded_from":"2026-09-10T02:22:59.930Z","last_downloaded_at":"2026-09-10T02:22:59.930Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481014","source_sha256":"82804aa5be500bd3a36e8d63667b2b5dc109547547a4b4b48704ec5809ad7936"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f65818ac8bcd28577b3d119a885ce806086040bee45a939590a3d2d2e4ce9667","downloaded_from":"2026-09-10T02:22:59.930Z","last_downloaded_at":"2026-09-10T02:22:59.930Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481014","source_sha256":"82804aa5be500bd3a36e8d63667b2b5dc109547547a4b4b48704ec5809ad7936"}},{"block":null,"heading":"Additional Financial Statement Disclosures","paragraphs":[{"citation":"960-20-50-8","para":"50-8","html":"
Disclosure of the plan's accounting policies shall include a description of the method and significant assumptions used to determine the actuarial present value of accumulated plan benefits, such as the following:
  1. a
    Assumed rates of return
  2. b
    Inflation rates
  3. c
    Retirement ages.
","snippet":"Disclosure of the plan's accounting policies shall include a description of the method and significant assumptions used to determine the actuarial present value of accumulated plan benefits, such as the following:\n(a) As…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e2516104b62e5472101030c126ff5bd138561059bc42ecd36e376d9ea0b95f41","downloaded_from":"2026-09-10T02:22:59.930Z","last_downloaded_at":"2026-09-10T02:22:59.930Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481014","source_sha256":"82804aa5be500bd3a36e8d63667b2b5dc109547547a4b4b48704ec5809ad7936"}},{"citation":"960-20-50-9","para":"50-9","html":"
Any significant changes of method or assumptions between benefit information dates shall be described.
","snippet":"Any significant changes of method or assumptions between benefit information dates shall be described.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e7baec21c8671341ac9825e0cd8bdb35f3b19df17df9fd0cd439e089ba7d82e2","downloaded_from":"2026-09-10T02:22:59.930Z","last_downloaded_at":"2026-09-10T02:22:59.930Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481014","source_sha256":"82804aa5be500bd3a36e8d63667b2b5dc109547547a4b4b48704ec5809ad7936"}},{"citation":"960-20-50-10","para":"50-10","html":"
If the method of considering administrative expenses as an adjustment of the assumed rates of return is used as described in paragraph 960-20-35-1(c), the adjustment shall be separately disclosed (see paragraph 960-20-50-8).
","snippet":"If the method of considering administrative expenses as an adjustment of the assumed rates of return is used as described in paragraph 960-20-35-1(c), the adjustment shall be separately disclosed (see paragraph 960-20-50…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d4285aee68b93d8f69018b6200b7f39e88132cd03f487b8461990c3f8de66f17","downloaded_from":"2026-09-10T02:22:59.930Z","last_downloaded_at":"2026-09-10T02:22:59.930Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481014","source_sha256":"82804aa5be500bd3a36e8d63667b2b5dc109547547a4b4b48704ec5809ad7936"}},{"citation":"960-20-50-11","para":"50-11","html":"
The usefulness of plan financial statements would be enhanced by disclosure of the estimated effect on the benefit information, or on the difference between the net asset information and the benefit information, of a given variation in the assumptions to which that information is most sensitive. Plans are encouraged to experiment with such disclosure.
","snippet":"The usefulness of plan financial statements would be enhanced by disclosure of the estimated effect on the benefit information, or on the difference between the net asset information and the benefit information, of a giv…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e3a031d3b54044b37c447ae363a017b284be21ababca76d2974825a13e1e4124","downloaded_from":"2026-09-10T02:22:59.930Z","last_downloaded_at":"2026-09-10T02:22:59.930Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481014","source_sha256":"82804aa5be500bd3a36e8d63667b2b5dc109547547a4b4b48704ec5809ad7936"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:5048ed5e134ab356833f9a87839d9e24e5bf21a3eec88b463f1ae52bc1f2df7e","downloaded_from":"2026-09-10T02:22:59.930Z","last_downloaded_at":"2026-09-10T02:22:59.930Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481014","source_sha256":"82804aa5be500bd3a36e8d63667b2b5dc109547547a4b4b48704ec5809ad7936"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:fa1f59e337955ca3024d0c009db89748b3fac3e042eac1e6ba6956fa9afb66b7","downloaded_from":"2026-09-10T02:22:59.930Z","last_downloaded_at":"2026-09-10T02:22:59.930Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481014","source_sha256":"82804aa5be500bd3a36e8d63667b2b5dc109547547a4b4b48704ec5809ad7936"}},{"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":"960-20-55-1","para":"55-1","html":"
For purposes of illustration, the following discussion is in terms of an individual employee. In practice, such benefits would be recognized on an aggregate rather than individual basis because it is usually not possible to predict whether and when an individual employee will become disabled (or elect early retirement, die in active service, and so forth). It is, however, possible to estimate the disability (or early retirement, death, and so forth) benefits expected to become payable for a group of employees through the application of appropriate probability factors. The basic principle, however, is the same whether the computations are performed on an aggregate or an individual basis.
","snippet":"For purposes of illustration, the following discussion is in terms of an individual employee. In practice, such benefits would be recognized on an aggregate rather than individual basis because it is usually not possible…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:43b3dec334cbaa6535d286410668e7cab015ff6cddbe56f1e55949d1b73d9e48","downloaded_from":"2026-09-10T02:23:03.876Z","last_downloaded_at":"2026-09-10T02:23:03.876Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480984","source_sha256":"1c62aace83f14a7c15bcbcab174c5b2884ea8644bd079a9c9571d51465b25c69"}},{"citation":"960-20-55-2","para":"55-2","html":"
For certain types of benefits, the amount attributable to each year of service cannot be directly determined from the plan's provisions. The manner in which such benefits should be considered to accumulate depends on whether the benefit is includable in vested benefits.
","snippet":"For certain types of benefits, the amount attributable to each year of service cannot be directly determined from the plan's provisions. The manner in which such benefits should be considered to accumulate depends on whe…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:482f5e26a4f33cf48f13c478d588b7aeb44b628481c5b042ceab0b6038aacfb0","downloaded_from":"2026-09-10T02:23:03.876Z","last_downloaded_at":"2026-09-10T02:23:03.876Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480984","source_sha256":"1c62aace83f14a7c15bcbcab174c5b2884ea8644bd079a9c9571d51465b25c69"}},{"citation":"960-20-55-3","para":"55-3","html":"
To illustrate, assume a plan provides a supplemental early retirement benefit of $200 per month upon early retirement at age 55 with at least 25 years of service, payable from the date of early retirement until age 62 (the eligibility age for collecting Social Security benefits). If that benefit becomes a vested benefit after 25 years of service, it should be considered to accumulate in proportion to the ratio of the number of years of service completed to the benefit information date to the projected number of years of service that will have been completed when the benefit first becomes fully vested. Therefore, 1/25 of the $200 benefit (that is, $8) is attributed to each year of service (assuming the employee is expected to render at least 25 years of service).
","snippet":"To illustrate, assume a plan provides a supplemental early retirement benefit of $200 per month upon early retirement at age 55 with at least 25 years of service, payable from the date of early retirement until age 62 (t…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2d62f21eeb6a8c4abc6a2568e6f49954248563673f4cef1485373089053ec995","downloaded_from":"2026-09-10T02:23:03.876Z","last_downloaded_at":"2026-09-10T02:23:03.876Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480984","source_sha256":"1c62aace83f14a7c15bcbcab174c5b2884ea8644bd079a9c9571d51465b25c69"}},{"citation":"960-20-55-4","para":"55-4","html":"
In the case of a benefit that does not become a vested benefit (for example, a $5,000 death benefit that is payable only if death occurs during active service), the benefit should be considered to accumulate in proportion to the ratio of the number of years of service completed at the benefit information date to the number of years of service completed at the estimated time of separation from covered employment.
","snippet":"In the case of a benefit that does not become a vested benefit (for example, a $5,000 death benefit that is payable only if death occurs during active service), the benefit should be considered to accumulate in proportio…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f300e54200fcc97201de7a46c04db4be069085f751b3708a732a29dcd222176c","downloaded_from":"2026-09-10T02:23:03.876Z","last_downloaded_at":"2026-09-10T02:23:03.876Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480984","source_sha256":"1c62aace83f14a7c15bcbcab174c5b2884ea8644bd079a9c9571d51465b25c69"}},{"citation":"960-20-55-5","para":"55-5","html":"
For example, if the foregoing $5,000 death benefit is expected to be paid after the 20th year of service (that is, the employee is expected to die at the end of the 20th year of service), 1/20 of the benefit should be attributed to each year of service. Thus, after 5 years of service, the employee's accumulated death benefit is $1,250. In determining the benefit information, such probability factors are used to estimate whether an employee will render at least 25 years of service, and whether and when that employee will elect early retirement.
","snippet":"For example, if the foregoing $5,000 death benefit is expected to be paid after the 20th year of service (that is, the employee is expected to die at the end of the 20th year of service), 1/20 of the benefit should be at…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:42b4313d053e6de55d4d82a5af2366459fdef1f74e8d27d5ac289f8a40fb5714","downloaded_from":"2026-09-10T02:23:03.876Z","last_downloaded_at":"2026-09-10T02:23:03.876Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480984","source_sha256":"1c62aace83f14a7c15bcbcab174c5b2884ea8644bd079a9c9571d51465b25c69"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b004af043b6e09097c7ffbdcbc1ad3da8f9e3b06ee5837be7db6b63b435e04ec","downloaded_from":"2026-09-10T02:23:03.876Z","last_downloaded_at":"2026-09-10T02:23:03.876Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480984","source_sha256":"1c62aace83f14a7c15bcbcab174c5b2884ea8644bd079a9c9571d51465b25c69"}},{"block":null,"heading":"Illustrations","paragraphs":[{"citation":"960-20-55-6","para":"55-6","html":"
This Example illustrates the guidance in paragraph 960-20-25-5(a) through 25-5(b).
","snippet":"This Example illustrates the guidance in paragraph 960-20-25-5(a) through 25-5(b).","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:36b9c9cb17f835de0ba393113fe945b0bf1bf41ea6507144ece463cdb1f7c461","downloaded_from":"2026-09-10T02:23:03.876Z","last_downloaded_at":"2026-09-10T02:23:03.876Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480984","source_sha256":"1c62aace83f14a7c15bcbcab174c5b2884ea8644bd079a9c9571d51465b25c69"}},{"citation":"960-20-55-7","para":"55-7","html":"
It is assumed that the actuary uses a full range of decrements including termination rates and disablement rates at ages below age 65, early retirement rates at ages when eligible below age 65, and normal retirement rates at ages 65 and over.
","snippet":"It is assumed that the actuary uses a full range of decrements including termination rates and disablement rates at ages below age 65, early retirement rates at ages when eligible below age 65, and normal retirement rate…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b1f0bf55fea88df2c926b2b198cc4ac5d807b4bd0fe3b2528bc2a29287d6b61e","downloaded_from":"2026-09-10T02:23:03.876Z","last_downloaded_at":"2026-09-10T02:23:03.876Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480984","source_sha256":"1c62aace83f14a7c15bcbcab174c5b2884ea8644bd079a9c9571d51465b25c69"}},{"citation":"960-20-55-8","para":"55-8","html":"
This Example has the following assumptions:
  1. a
    Benefit rate of $10 per month per year of service
  2. b
    Normal retirement at age 65, irrespective of service; retirement not compulsory
  3. c
    Unreduced immediate benefit upon early retirement from active employment at age 62 with 20 years of service
  4. d
    Unreduced immediate benefit upon early retirement from active employment before age 62 with 30 years of service; Social Security make-up benefit of $200 per month payable until age 62
  5. e
    Reduced immediate benefit upon early retirement from active employment after age 55 and before age 62 with 20 years of service; reduction is 4% for each year by which retirement precedes age 62
  6. f
    Unreduced immediate benefit upon total and permanent disability before age 65 with 10 years of service
  7. g
    Deferred vested benefit, commencing at age 65, upon termination with 10 years of service; benefit payments (at full actuarially reduced value) may also be elected to commence as early as age 55 if 20 or more years of service have been completed
  8. h
    Spouse's benefit upon death in service after meeting eligibility requirements for early or normal retirement (30 years of service, age 55 and 20 years of service, or age 65) equal to $5 per month per year of service.
","snippet":"This Example has the following assumptions:\n(a) Benefit rate of $10 per month per year of service\n(b) Normal retirement at age 65, irrespective of service; retirement not compulsory\n(c) Unreduced immediate benefit upon e…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3a1aebc567c78d1101a0b6e68b5c063593c16cadd11c78a23ba97f800a6e7e10","downloaded_from":"2026-09-10T02:23:03.876Z","last_downloaded_at":"2026-09-10T02:23:03.876Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480984","source_sha256":"1c62aace83f14a7c15bcbcab174c5b2884ea8644bd079a9c9571d51465b25c69"}},{"citation":"960-20-55-9","para":"55-9","html":"
The following table illustrates the measurement of accumulated plan benefits.
","snippet":"The following table illustrates the measurement of accumulated plan benefits.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ef76c4d2f5d7054bd4ee61702629248e61fb8fb09f082bf964d4a76b1843e62d","downloaded_from":"2026-09-10T02:23:03.876Z","last_downloaded_at":"2026-09-10T02:23:03.876Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480984","source_sha256":"1c62aace83f14a7c15bcbcab174c5b2884ea8644bd079a9c9571d51465b25c69"}},{"citation":"960-20-55-10","para":"55-10","html":"
If, in this Example, there were a maximum service limit of 30 years applicable at normal or early retirement or disablement, with a pro rata portion of the expected normal retirement benefit payable on vested termination, the only changes in the amount of benefit would be for the deferred vested benefit.
","snippet":"If, in this Example, there were a maximum service limit of 30 years applicable at normal or early retirement or disablement, with a pro rata portion of the expected normal retirement benefit payable on vested termination…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ba8460f5a4adc8564a7a3b139ce1a125cf01e64bd067fbb29bb9fbe1cc9c9e54","downloaded_from":"2026-09-10T02:23:03.876Z","last_downloaded_at":"2026-09-10T02:23:03.876Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480984","source_sha256":"1c62aace83f14a7c15bcbcab174c5b2884ea8644bd079a9c9571d51465b25c69"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:5ff1829a6bd3fdc2796594a32a32787731c5bb673870196a59a75e102bb0dfc2","downloaded_from":"2026-09-10T02:23:03.876Z","last_downloaded_at":"2026-09-10T02:23:03.876Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480984","source_sha256":"1c62aace83f14a7c15bcbcab174c5b2884ea8644bd079a9c9571d51465b25c69"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8817d93de9d521d28c9e2022a6100a169aa8d25f290aa8550992dce4f8660362","downloaded_from":"2026-09-10T02:23:03.876Z","last_downloaded_at":"2026-09-10T02:23:03.876Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480984","source_sha256":"1c62aace83f14a7c15bcbcab174c5b2884ea8644bd079a9c9571d51465b25c69"}}],"enrichment":{"summary":"ASC 960-20 governs how a defined benefit pension plan measures and reports the actuarial present value of accumulated plan benefits — the benefits reasonably expected to be paid in exchange for employee service rendered to the benefit information date. Benefits are attributed using the plan's own provisions where possible and otherwise pro rata over years of service to full vesting (vested-type benefits) or to expected separation (nonvested-type benefits), measured using pay and service history as of the benefit information date under an ongoing-plan assumption. The total must be segmented at minimum into vested benefits of participants currently receiving payments, other vested benefits, and nonvested benefits, and the significant factors causing the year-to-year change must be identified.","key_points":["Benefit information shall relate only to benefits reasonably expected to be paid for service rendered to the benefit information date, best represented by vested benefits, nonvested benefits expected to vest, and employees' history of pay and service (960-20-25-1 through 25-2).","Plan provisions govern attribution to the extent possible; if the benefit per year of service is not stated or clearly determinable, it accumulates ratably over years of service to full vesting (if includable in vested benefits) or to projected separation from covered employment (if not) (960-20-25-3 through 25-4; 960-20-55-3 through 55-5).","Accumulated plan benefits are based on pay and service as of the benefit information date; projected years of service are used only to determine expected eligibility for benefits (increased benefits, early retirement, death, disability), automatic plan-specified increases such as cost-of-living increases are recognized, benefits under insurance contracts excluded from plan assets are excluded, and plan amendments adopted after the benefit information date are not recognized (960-20-25-5).","An assumption of an ongoing plan underlies all other assumptions, and each significant assumption must reflect the best estimate of the plan's future experience for that individual assumption; assumed rates of return must be consistent with realistically achievable returns on plan assets and the plan's investment policy, inflation assumptions must be consistent with assumed returns, and plan-paid administrative expenses must be reflected either by adjusting assumed returns or by discounting those expenses (960-20-35-1).","As an acceptable alternative, assumptions inherent in the estimated cost of an insurance contract to provide participants their accumulated plan benefits may be used, with any other necessary assumptions selected under 960-20-35-1 (960-20-35-1A through 35-2).","Changes in actuarial assumptions to reflect changed expected experience are changes in estimates accounted for in the year of change (and future years), never by restating prior years or presenting pro forma amounts (960-20-35-4).","Disclosure must include accounting policies describing the method and significant assumptions (assumed rates of return, inflation rates, retirement ages), present employees' accumulated contributions and any interest rate credited, and the significant effects of plan amendments, changes in the nature of the plan, and changes in actuarial assumptions on the change in the actuarial present value of accumulated plan benefits (960-20-50-2, 50-3, 50-8)."],"categories":["Compensation and benefits","Subsequent measurement","Presentation","Disclosure"],"audience_level":"advanced","student_note":"Plan-level pension accounting is not the same as employer-level accounting under ASC 715: the plan measures accumulated plan benefits using pay and service as of the benefit information date (no projected salary increases), with future service used only to test eligibility for particular benefits. A common misunderstanding is assuming the plan's discount rate is a settlement/high-quality bond rate — here it is an expected rate of return consistent with the plan's assets and investment policy (or insurance-contract-based rates under the 960-20-35-1A alternative).","related_topics":["960-10","960-205","960-30","960-325","715","965"],"key_concepts":["accumulated plan benefits","actuarial present value","benefit information date","vested and nonvested benefits","benefit attribution","assumed rate of return","ongoing plan assumption","change in actuarial assumptions"],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8550274d089ff5dbcb46a191af85ae4756dcc2afbe8d35cb69cfe0e245d2e5fc","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"}},"related":[{"number":"715-60","title":"Defined Benefit Plans—Other Postretirement","topic_title":"Compensation—Retirement Benefits","score":0.8462,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3b8cc0b111af1002bdbecabe25fab408d255ed556d121ad194f891c85afa6fd8","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":"715-30","title":"Defined Benefit Plans—Pension","topic_title":"Compensation—Retirement Benefits","score":0.8384,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e5c68a91f46128a1f2e22ab4f0de303ddce3453bc442ea6b9eb8d58e8d2d3f48","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":0.8203,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:833d44abcf8c52b831ebe5dcb4aeb5e9ace190c39b8e02ae3f48539caed4f295","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":"205-960","title":"Plan Accounting—Defined Benefit Pension Plans","topic_title":"Presentation of Financial Statements","score":0.7802,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:14d946e7bd5422f573613b1f716b2998d9b6148e095a1a2c0339be9a33e998e6","downloaded_from":"2026-09-09T22:56:15.107Z","last_downloaded_at":"2026-09-09T22:56:55.475Z","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":0.7782,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:4363d08b94b00f2285e29d2e7a769d306780f8ec3b031cc9dda9fee3daf79b95","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":"715-10","title":"Overall","topic_title":"Compensation—Retirement Benefits","score":0.771,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f6a557f50684e535d865960f561b32a43f0cb595ecb25ff9da5cf051dc3179e3","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":"960-10","title":"Overall","topic_title":"Plan Accounting—Defined Benefit Pension Plans","provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:587a7b151a5bd96ac389f797c1a1ed3461653cabc48b4975cad578b0a23b3a0e","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"}},"next":{"number":"960-30","title":"Net Assets Available for Plan Benefits","topic_title":"Plan Accounting—Defined Benefit Pension Plans","provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9a6a3356e666dd8b0e38e14f3b606b1170f7dafd573e48c4640c98ce3acf21cc","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"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ca6d31aa10f3d35ffedb9fa6d6059295e56917d299d129903870fb0e39045675","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":"960-30","topic":"960","title":"Net Assets Available for Plan Benefits","area":"Industry","paragraphs":19,"summary":"ASC 960-30 governs how a defined benefit pension plan reports its net assets available for benefits and the changes in those net assets. Information must be prepared on the accrual basis and presented in enough detail to identify the plan's resources available for benefits and the significant changes during the year (960-30-25-1; 960-30-45-1). It also prescribes the minimum line items in the statement of changes and the special single-line presentation of assets held in a Section 401(h) account, which may not be counted as available for pension benefits.","concepts":["net assets available for benefits","statement of changes in net assets","accrual basis of accounting","net appreciation in fair value","employer and participant contributions","401(h) account","securities lending income","benefits paid"],"categories":["Presentation","Compensation and benefits","Financial statement presentation","Industry-specific"],"level":"intermediate","topic_title":"Plan Accounting—Defined Benefit Pension Plans","sections":[{"number":"00","label":"00 Status","anchor":"00-status","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"960-30-00-1","para":"00-1","html":"
The following table identifies the changes made to this Subtopic.
Paragraph Action Accounting Standards Update Date
Benefits Amended Accounting Standards Update No. 2016-19 12/14/2016
Benefits (1st def.) Superseded Accounting Standards Update No. 2014-06 03/14/2014
Benefits (3rd def.) Added Accounting Standards Update No. 2014-06 03/14/2014
Defined Benefit Plan Added Accounting Standards Update No. 2014-06 03/14/2014
Defined Benefit Pension Plan (1st def.) Superseded Accounting Standards Update No. 2014-06 03/14/2014
Pension Benefits (1st def.) Superseded Accounting Standards Update No. 2014-06 03/14/2014
Pension Benefits (2nd def.) Added Accounting Standards Update No. 2014-06 03/14/2014
Plan Assets (2nd def.) Added Accounting Standards Update No. 2014-06 03/14/2014
Sponsor (1st def.) Superseded Accounting Standards Update No. 2014-06 03/14/2014
Sponsor (3rd def.) Added Accounting Standards Update No. 2014-06 03/14/2014
960-30-05-1 Amended Accounting Standards Update No. 2014-06 03/14/2014
960-30-25-1 Amended Accounting Standards Update No. 2014-06 03/14/2014
960-30-45-1 Amended Accounting Standards Update No. 2014-06 03/14/2014
960-30-45-2 Amended Accounting Standards Update No. 2015-12 (Part II) 07/31/2015
960-30-45-2 Amended Accounting Standards Update No. 2014-06 03/14/2014
960-30-45-4 Amended Accounting Standards Update No. 2014-06 03/14/2014
960-30-45-5 Amended Accounting Standards Update No. 2014-06 03/14/2014
960-30-45-10 Amended Accounting Standards Update No. 2014-06 03/14/2014
960-30-45-11 Superseded Accounting Standards Update No. 2017-06 02/27/2017
960-30-50-1 through 50-3
 Superseded Accounting Standards Update No. 2017-06 02/27/2017
960-30-50-1 Amended Accounting Standards Update No. 2015-12 (Part II) 07/31/2015
960-30-50-2 Amended Accounting Standards Update No. 2015-12 (Part II) 07/31/2015
","snippet":"The following table identifies the changes made to this Subtopic.\nParagraph | Action | Accounting Standards Update | Date |\n| | | |\nBenefits | Amended | Accounting Standards Update No. 2016-19 | 12/14/2016 |\nBenefits (1s…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:87ed451316ca6bea05686220c78e4f411c070b55030a13abda73012e8da9992c","downloaded_from":"2026-09-10T02:23:06.305Z","last_downloaded_at":"2026-09-10T02:23:06.305Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480954","source_sha256":"627c917a67cca2f3a1caa942e5fd35693d0396d8aacf7699b24f64e0805a6ff5"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a7f6bd879768794a672fb131bc8156fd6c6426c5f3627f951997efcb9d008688","downloaded_from":"2026-09-10T02:23:06.305Z","last_downloaded_at":"2026-09-10T02:23:06.305Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480954","source_sha256":"627c917a67cca2f3a1caa942e5fd35693d0396d8aacf7699b24f64e0805a6ff5"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:36a66e8a9340559381934016a50776e1dd627deea4db7688d81be6924c0fe64a","downloaded_from":"2026-09-10T02:23:06.305Z","last_downloaded_at":"2026-09-10T02:23:06.305Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480954","source_sha256":"627c917a67cca2f3a1caa942e5fd35693d0396d8aacf7699b24f64e0805a6ff5"}},{"number":"05","label":"05 Overview and Background","anchor":"05-overview-and-background","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"960-30-05-1","para":"05-1","html":"
This Subtopic provides guidance on net assets available for plan benefits for defined benefit pension plans.
","snippet":"This Subtopic provides guidance on net assets available for plan benefits for defined benefit pension plans.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:5df44bea4a359f78eb2e46d54fa36d2feba3faab61af840daae229b48e42eb8c","downloaded_from":"2026-09-10T02:23:09.551Z","last_downloaded_at":"2026-09-10T02:23:09.551Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480923","source_sha256":"f052f824df9f9b4e53fe86a84f6cd5502c6876bf682c52cbfe9ff1667cc2b6a8"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:fbf99a4367bb6bd7199b3420877a2dc1243c7dc8359d5bd92a645ba3fef1070c","downloaded_from":"2026-09-10T02:23:09.551Z","last_downloaded_at":"2026-09-10T02:23:09.551Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480923","source_sha256":"f052f824df9f9b4e53fe86a84f6cd5502c6876bf682c52cbfe9ff1667cc2b6a8"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e1f83928f5c572bf9c11e1f69b095edfa0230cbcc3294ec2a1e92787930108cc","downloaded_from":"2026-09-10T02:23:09.551Z","last_downloaded_at":"2026-09-10T02:23:09.551Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480923","source_sha256":"f052f824df9f9b4e53fe86a84f6cd5502c6876bf682c52cbfe9ff1667cc2b6a8"}},{"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":"960-30-15-1","para":"15-1","html":"
This Subtopic follows the same Scope and Scope Exceptions as outlined in the Overall Subtopic, see Section 960-10-15.
","snippet":"This Subtopic follows the same Scope and Scope Exceptions as outlined in the Overall Subtopic, see Section 960-10-15.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:86ba7523fb684b08f152784ccdef6a4c270729c49dee9d21f3d1d731f40824c3","downloaded_from":"2026-09-10T02:23:12.148Z","last_downloaded_at":"2026-09-10T02:23:12.148Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480891","source_sha256":"f01992babacfc23e5b08305e520f12ca2b95614e783e9f908d62cf8362a314f5"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2992528bdc18ed758982b20d947682f5d573a2c783d5e9101c8a787a7860d72e","downloaded_from":"2026-09-10T02:23:12.148Z","last_downloaded_at":"2026-09-10T02:23:12.148Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480891","source_sha256":"f01992babacfc23e5b08305e520f12ca2b95614e783e9f908d62cf8362a314f5"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b737f0d8b6207f71ee83df93305a7fc4383c813c3f98993c50c2294b3ef850b5","downloaded_from":"2026-09-10T02:23:12.148Z","last_downloaded_at":"2026-09-10T02:23:12.148Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480891","source_sha256":"f01992babacfc23e5b08305e520f12ca2b95614e783e9f908d62cf8362a314f5"}},{"number":"25","label":"25 Recognition","anchor":"25-recognition","is_sec":false,"groups":[{"block":null,"heading":"Use of Accrual Basis of Accounting","paragraphs":[{"citation":"960-30-25-1","para":"25-1","html":"
The accrual basis of accounting shall be used in preparing information regarding the net assets available for benefits. The information shall be presented in such reasonable detail as is necessary to identify the plan's resources that are available for benefits.
","snippet":"The accrual basis of accounting shall be used in preparing information regarding the net assets available for benefits. The information shall be presented in such reasonable detail as is necessary to identify the plan's …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c2ac04e315282207ec84c8cf28e79fdc015fdfeb86c78d258af0fb2f75b7d463","downloaded_from":"2026-09-10T02:23:19.912Z","last_downloaded_at":"2026-09-10T02:23:19.912Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480828","source_sha256":"ec16b0c64fe2f37019ba35e7d4b78bea1fd18660aab37ff7a42bd22177a74494"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9fbdc35519499bf8974941fed7a8187ddcf8809f80adc4979aeabb94652959d3","downloaded_from":"2026-09-10T02:23:19.912Z","last_downloaded_at":"2026-09-10T02:23:19.912Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480828","source_sha256":"ec16b0c64fe2f37019ba35e7d4b78bea1fd18660aab37ff7a42bd22177a74494"}},{"block":null,"heading":"Interest Income and Rebate Interest Paid","paragraphs":[{"citation":"960-30-25-2","para":"25-2","html":"
The interest income earned and rebate interest paid as a result of securities lending activity shall be recorded on the statement of changes in net assets available for benefits.
","snippet":"The interest income earned and rebate interest paid as a result of securities lending activity shall be recorded on the statement of changes in net assets available for benefits.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:4d1b8d961f4f6adfdfc9dcbdce1ef76e6986c6aaec7fadf23669a1c71ab3286e","downloaded_from":"2026-09-10T02:23:19.912Z","last_downloaded_at":"2026-09-10T02:23:19.912Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480828","source_sha256":"ec16b0c64fe2f37019ba35e7d4b78bea1fd18660aab37ff7a42bd22177a74494"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f4230cb4cac0b3784a1ba751e8f5b94b636a1edbd9874af69a5c4c7b44d2d87e","downloaded_from":"2026-09-10T02:23:19.912Z","last_downloaded_at":"2026-09-10T02:23:19.912Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480828","source_sha256":"ec16b0c64fe2f37019ba35e7d4b78bea1fd18660aab37ff7a42bd22177a74494"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a17c26f8120e268871f7910d3a8549ace5272461a1137692e2ae3d7d703b8c0c","downloaded_from":"2026-09-10T02:23:19.912Z","last_downloaded_at":"2026-09-10T02:23:19.912Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480828","source_sha256":"ec16b0c64fe2f37019ba35e7d4b78bea1fd18660aab37ff7a42bd22177a74494"}},{"number":"45","label":"45 Other Presentation Matters","anchor":"45-other-presentation-matters","is_sec":false,"groups":[{"block":null,"heading":"Changes in Net Assets Available for Benefits","paragraphs":[{"citation":"960-30-45-1","para":"45-1","html":"
Information regarding changes in net assets available for benefits shall be presented in enough detail to identify the significant changes during the year. This guidance is not intended to limit the amount of detail or manner of presenting information regarding changes in the net asset information. Subclassifications and additional classifications may be useful. For example, separately reporting refunds of terminated employees' contributions may be useful. Alternatively, such refunds may be netted against contributions received from participants or included in benefits paid. Accordingly, plan administrators should use their best judgment in light of the relevant circumstances.
","snippet":"Information regarding changes in net assets available for benefits shall be presented in enough detail to identify the significant changes during the year. This guidance is not intended to limit the amount of detail or m…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:20e2f7f2181343dddfada4f549df9cc7aafb0cc4e4a1782f9b7c05a65ce2f318","downloaded_from":"2026-09-10T02:23:22.904Z","last_downloaded_at":"2026-09-10T02:23:22.904Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480798","source_sha256":"07a63cc2eca18c8e6abca87165273b063c9f95e6248a6cd7e9ef5c1688998139"}},{"citation":"960-30-45-2","para":"45-2","html":"
Information about changes in net assets available for benefits is intended to present the effects of significant changes in net assets during the year and shall present, at a minimum, all of the following:
  1. a
    The net appreciation (depreciation) in fair value. Net appreciation or depreciation includes realized gains and losses on investments that were both purchased and sold during the period as well as unrealized appreciation or depreciation of the investments held at year-end.
  2. b
    Investment income (exclusive of (a)).
  3. c
    Contributions from the employer, segregated between cash and noncash contributions. A noncash contribution shall be recorded at fair value. The nature of noncash contributions shall be described, either parenthetically or in a note.
  4. d
    Contributions from participants, including those transmitted by the sponsor.
  5. e
    Contributions from other identified sources (for example, state subsidies or federal grants).
  6. f
    Benefits paid to participants.
  7. g
    Payments to insurance entities to purchase contracts that are excluded from plan assets. Paragraph 960-205-50-1(e) requires disclosure of the plan's dividend income related to excluded contracts and permits that income to be netted against this item.
  8. h
    Administrative expenses.
  9. i
    Other changes (for example, transfers of assets to or from other plans) should also be presented if they are significant.
","snippet":"Information about changes in net assets available for benefits is intended to present the effects of significant changes in net assets during the year and shall present, at a minimum, all of the following:\n(a) The net ap…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:5f4b2573211d2812484b86cabada8de9caaf85335f064840235c47ec5304754b","downloaded_from":"2026-09-10T02:23:22.904Z","last_downloaded_at":"2026-09-10T02:23:22.904Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480798","source_sha256":"07a63cc2eca18c8e6abca87165273b063c9f95e6248a6cd7e9ef5c1688998139"}},{"citation":"960-30-45-3","para":"45-3","html":"
Separate disclosure of realized gains and losses on investments sold during the year is neither required nor proscribed.
","snippet":"Separate disclosure of realized gains and losses on investments sold during the year is neither required nor proscribed.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:21720c7c1e040989c2bb734296f37ca8540e065c3cf53e5a86a2436ce0065636","downloaded_from":"2026-09-10T02:23:22.904Z","last_downloaded_at":"2026-09-10T02:23:22.904Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480798","source_sha256":"07a63cc2eca18c8e6abca87165273b063c9f95e6248a6cd7e9ef5c1688998139"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e73bdd73597475161e46e8672a672e5ee3ce543ee12691d3c712397843447cf5","downloaded_from":"2026-09-10T02:23:22.904Z","last_downloaded_at":"2026-09-10T02:23:22.904Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480798","source_sha256":"07a63cc2eca18c8e6abca87165273b063c9f95e6248a6cd7e9ef5c1688998139"}},{"block":null,"heading":"401(h) Accounts","paragraphs":[{"citation":"960-30-45-4","para":"45-4","html":"
Because 401(h) net assets may not be used to satisfy pension obligations, the total of net assets available for pension benefits shall not include assets held in a 401(h) account related to obligations of the health and welfare benefit plan.
","snippet":"Because 401(h) net assets may not be used to satisfy pension obligations, the total of net assets available for pension benefits shall not include assets held in a 401(h) account related to obligations of the health and …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0b58a1929798bf1f12734162caead3456d5af9dc68536668b9565a826a20ee6c","downloaded_from":"2026-09-10T02:23:22.904Z","last_downloaded_at":"2026-09-10T02:23:22.904Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480798","source_sha256":"07a63cc2eca18c8e6abca87165273b063c9f95e6248a6cd7e9ef5c1688998139"}},{"citation":"960-30-45-5","para":"45-5","html":"
The 401(h) account assets less liabilities (net assets of the 401(h) account) are required to be shown in defined benefit pension plan financial statements as a single line item on the face of the statements as illustrated in Example 2 (see paragraph 960-205-55-2).
","snippet":"The 401(h) account assets less liabilities (net assets of the 401(h) account) are required to be shown in defined benefit pension plan financial statements as a single line item on the face of the statements as illustrat…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:723233a1f14694a55020123afd1b74586abb0905bec09a1a8480a53a3424e640","downloaded_from":"2026-09-10T02:23:22.904Z","last_downloaded_at":"2026-09-10T02:23:22.904Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480798","source_sha256":"07a63cc2eca18c8e6abca87165273b063c9f95e6248a6cd7e9ef5c1688998139"}},{"citation":"960-30-45-6","para":"45-6","html":"
Those net assets related to the 401(h) account also shall be deducted before arriving at the total of net assets available for pension benefits.
","snippet":"Those net assets related to the 401(h) account also shall be deducted before arriving at the total of net assets available for pension benefits.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d85bec02d725f3fe1f7c349db79ceaeda0a8eac569564a43a7fa3352c3a14a87","downloaded_from":"2026-09-10T02:23:22.904Z","last_downloaded_at":"2026-09-10T02:23:22.904Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480798","source_sha256":"07a63cc2eca18c8e6abca87165273b063c9f95e6248a6cd7e9ef5c1688998139"}},{"citation":"960-30-45-7","para":"45-7","html":"
In deducting those net assets, the amount relating to 401(h) features shall be presented as a separate line item in the liabilities section of the statement of net assets available for pension benefits.
","snippet":"In deducting those net assets, the amount relating to 401(h) features shall be presented as a separate line item in the liabilities section of the statement of net assets available for pension benefits.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1161caa2ef7afed8cda282e502f455fb196feb8eaaf16fd4cf47c25bc05b78b0","downloaded_from":"2026-09-10T02:23:22.904Z","last_downloaded_at":"2026-09-10T02:23:22.904Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480798","source_sha256":"07a63cc2eca18c8e6abca87165273b063c9f95e6248a6cd7e9ef5c1688998139"}},{"citation":"960-30-45-8","para":"45-8","html":"
The financial statement caption shall clearly denote that the net assets held in the 401(h) account relate to obligations of the health and welfare plan or arrangement.
","snippet":"The financial statement caption shall clearly denote that the net assets held in the 401(h) account relate to obligations of the health and welfare plan or arrangement.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e6a11d9d9ea606a264b7c072ac582052ce39fc01e74eeb00bfe1fc1f015adac6","downloaded_from":"2026-09-10T02:23:22.904Z","last_downloaded_at":"2026-09-10T02:23:22.904Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480798","source_sha256":"07a63cc2eca18c8e6abca87165273b063c9f95e6248a6cd7e9ef5c1688998139"}},{"citation":"960-30-45-9","para":"45-9","html":"
The statement of changes in net assets shall show only the changes in net assets of the pension plan and not any of the components of the changes in the net assets in the 401(h) account.
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The only amounts that shall be reported in the statement of changes in net assets are qualified transfers to the 401(h) account and/or any unused or unspent amounts (including allocated income) in the 401(h) account at the end of the year that were qualified transfers of excess pension plan assets that should have been but were not transferred back to the defined benefit pension plan.
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Information must be prepared on the accrual basis and presented in enough detail to identify the plan's resources available for benefits and the significant changes during the year (960-30-25-1; 960-30-45-1). It also prescribes the minimum line items in the statement of changes and the special single-line presentation of assets held in a Section 401(h) account, which may not be counted as available for pension benefits.","key_points":["Net assets available for benefits information must be prepared using the accrual basis of accounting and presented in reasonable detail to identify resources available for benefits (960-30-25-1).","Interest income earned and rebate interest paid from securities lending activity are recorded on the statement of changes in net assets available for benefits (960-30-25-2).","At a minimum, changes in net assets must show net appreciation (depreciation) in fair value (including realized gains/losses and unrealized changes), other investment income, employer contributions segregated between cash and noncash (noncash at fair value with nature described), participant contributions, contributions from other sources, benefits paid, payments to insurance entities for excluded contracts, administrative expenses, and other significant changes such as transfers to or from other plans (960-30-45-2).","Separate disclosure of realized gains and losses on investments sold during the year is neither required nor proscribed (960-30-45-3).","Because 401(h) account assets cannot be used to satisfy pension obligations, they are excluded from total net assets available for pension benefits and shown as a single line item, deducted as a separate line in the liabilities section, with a caption denoting they relate to the health and welfare plan (960-30-45-4 through 45-8).","The statement of changes in net assets reports only pension plan changes—not the components of changes in the 401(h) account—except qualified transfers to the 401(h) account and unused/unspent qualified transfer amounts (including allocated income) that should have been but were not returned to the pension plan (960-30-45-9 through 45-10).","Plan administrators may use judgment on additional 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Once liquidation of the plan is deemed imminent (as defined in 205-30-25-2), the plan's financial statements for periods ending after that determination — including the year-end statements even if the trigger occurred mid-year — must be prepared on the liquidation basis of accounting under Subtopic 205-30. Accumulated plan benefits are measured on that liquidation basis, with all benefits generally reported as vested, and the terminating-plan or wasting-trust circumstances must be disclosed in all subsequent plan financial statements.","concepts":["terminating plan","liquidation basis of accounting","liquidation imminent","accumulated plan benefits","vested benefits","wasting trust","defined benefit pension plan"],"categories":["Subsequent measurement","Disclosure","Compensation and benefits","Industry-specific"],"level":"intermediate","topic_title":"Plan Accounting—Defined Benefit Pension Plans","sections":[{"number":"00","label":"00 Status","anchor":"00-status","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"960-40-00-1","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
Defined Benefit Pension Plan (1st def.)SupersededAccounting Standards Update No. 2014-0603/14/2014
LiquidationAddedAccounting Standards Update No. 2013-0704/22/2013
960-40-05-1AmendedAccounting Standards Update No. 2014-0603/14/2014
960-40-25-1AmendedAccounting Standards Update No. 2013-0704/22/2013
960-40-25-2AmendedAccounting Standards Update No. 2013-0704/22/2013
960-40-35-1SupersededAccounting Standards Update No. 2013-0704/22/2013
960-40-35-1AmendedAccounting Standards Update No. 2012-0410/01/2012
960-40-35-2AmendedAccounting Standards Update No. 2013-0704/22/2013
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This Subtopic provides guidance for defined benefit pension plans that are terminating plans.
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This Subtopic follows the same Scope and Scope Exceptions as outlined in the Overall Subtopic (see Section 960-10-15).
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If liquidation of a plan is deemed to be imminent (as defined in paragraph 205-30-25-2) before the end of the plan year, the plan's year-end financial statements shall be prepared using the liquidation basis of accounting in accordance with Subtopic 205-30.
","snippet":"If liquidation of a plan is deemed to be imminent (as defined in paragraph 205-30-25-2) before the end of the plan year, the plan's year-end financial statements shall be prepared using the liquidation basis of accountin…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:6e4eca025f98ed6f81cbab48a7b948fc2585e1be53e34af7763a768f0837fdde","downloaded_from":"2026-09-10T02:23:39.040Z","last_downloaded_at":"2026-09-10T02:23:39.040Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479599","source_sha256":"c046c0bc80ef2389e4d885a061c03def82836532c7c38ead8d7659424515ec48"}},{"citation":"960-40-25-2","para":"25-2","html":"
Plan financial statements for periods ending after the determination that liquidation is imminent are prepared using the liquidation basis of accounting.
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Paragraph superseded by Accounting Standards Update No. 2013-07.
","snippet":"Paragraph superseded by Accounting Standards Update No. 2013-07.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9bba8710df48d2bab48d330dfe1a697d2a3ee6db0962f7ed7740826eb24c7aef","downloaded_from":"2026-09-10T02:23:42.813Z","last_downloaded_at":"2026-09-10T02:23:42.813Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479506","source_sha256":"1e6b7f897d6469bfa06c4ff97ae6bc5d77208c6722bc1f742dbde9545cd66471"}},{"citation":"960-40-35-2","para":"35-2","html":"
For terminating plan assets, accumulated plan benefits shall be determined using the liquidation basis of accounting (see Subtopic 205-30), and their value may differ from the actuarial present value of accumulated plan benefits reported for an ongoing plan. In general, upon termination all benefits should be reported as vested.
","snippet":"For terminating plan assets, accumulated plan benefits shall be determined using the liquidation basis of accounting (see Subtopic 205-30), and their value may differ from the actuarial present value of accumulated plan …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:413e76b1daf6a2a1d96bdfcd46a5b784a8922dea154ed5c5b393bba81070604c","downloaded_from":"2026-09-10T02:23:42.813Z","last_downloaded_at":"2026-09-10T02:23:42.813Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479506","source_sha256":"1e6b7f897d6469bfa06c4ff97ae6bc5d77208c6722bc1f742dbde9545cd66471"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:02b3c872cf9a37acdfb8953cca3d83b90b398ea0940643e260bfeba4bda8dcae","downloaded_from":"2026-09-10T02:23:42.813Z","last_downloaded_at":"2026-09-10T02:23:42.813Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479506","source_sha256":"1e6b7f897d6469bfa06c4ff97ae6bc5d77208c6722bc1f742dbde9545cd66471"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d88d9fb8f2f59db666f39352cd2dd5bf4e1c9214d671286d8f4c4538bb6db929","downloaded_from":"2026-09-10T02:23:42.813Z","last_downloaded_at":"2026-09-10T02:23:42.813Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479506","source_sha256":"1e6b7f897d6469bfa06c4ff97ae6bc5d77208c6722bc1f742dbde9545cd66471"}},{"number":"50","label":"50 Disclosure","anchor":"50-disclosure","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"960-40-50-1","para":"50-1","html":"
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.
","snippet":"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 accrue…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:07996189b8342d1315a048be84916284218227c58decdd7599cbe5532fa90f70","downloaded_from":"2026-09-10T02:23:46.986Z","last_downloaded_at":"2026-09-10T02:23:46.986Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479474","source_sha256":"1ead8785c61eacf195fa43662a4f970662f1cd28a868efe979ea4120336e3a8a"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:698958e9bf9956da3a9ba128bfde9b7890ef285a81dee8f48dc1d85899c29ac2","downloaded_from":"2026-09-10T02:23:46.986Z","last_downloaded_at":"2026-09-10T02:23:46.986Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479474","source_sha256":"1ead8785c61eacf195fa43662a4f970662f1cd28a868efe979ea4120336e3a8a"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:5410f075fc587154ad90ff7fa1d257460ce858fb41f14baacd657f9f34ff42e9","downloaded_from":"2026-09-10T02:23:46.986Z","last_downloaded_at":"2026-09-10T02:23:46.986Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479474","source_sha256":"1ead8785c61eacf195fa43662a4f970662f1cd28a868efe979ea4120336e3a8a"}}],"enrichment":{"summary":"ASC 960-40 covers defined benefit pension plans that are terminating. Once liquidation of the plan is deemed imminent (as defined in 205-30-25-2), the plan's financial statements for periods ending after that determination — including the year-end statements even if the trigger occurred mid-year — must be prepared on the liquidation basis of accounting under Subtopic 205-30. Accumulated plan benefits are measured on that liquidation basis, with all benefits generally reported as vested, and the terminating-plan or wasting-trust circumstances must be disclosed in all subsequent plan financial statements.","key_points":["If liquidation of the plan is deemed imminent (per 205-30-25-2) before the end of the plan year, the plan's year-end financial statements must use the liquidation basis of accounting under Subtopic 205-30 (960-40-25-1).","All plan financial statements for periods ending after the determination that liquidation is imminent are prepared on the liquidation basis (960-40-25-2).","For terminating plan assets, accumulated plan benefits are determined using the liquidation basis, and the amount may differ from the actuarial present value of accumulated plan benefits reported for an ongoing plan (960-40-35-2).","Upon termination, in general all benefits should be reported as vested (960-40-35-2).","Once a decision to terminate is made, or when a wasting trust exists (participants no longer accrue benefits but the plan continues until accrued benefits are paid), the relevant circumstances must be disclosed in all subsequent plan financial statements (960-40-50-1).","The scope follows the Overall Subtopic scope in Section 960-10-15 (960-40-15-1)."],"categories":["Subsequent measurement","Disclosure","Compensation and benefits","Industry-specific"],"audience_level":"intermediate","student_note":"Know the trigger: it is not the formal termination date but the point at which liquidation becomes \"imminent\" under 205-30-25-2 — and that trigger flips the whole year-end statement to the liquidation basis, not just the post-trigger stub period. A common mistake is continuing to split accumulated plan benefits between vested and nonvested; on termination essentially all benefits are reported as vested.","related_topics":["205-30","960-10","960-20","960-30","962","965"],"key_concepts":["terminating plan","liquidation basis of accounting","liquidation imminent","accumulated plan benefits","vested benefits","wasting trust","defined benefit pension plan"],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1902476d61680b45db6b4cf3c7fd380bf13c90afa529887ef65d5258c2ade11d","downloaded_from":"2026-09-10T02:23:28.176Z","last_downloaded_at":"2026-09-10T02:23:46.986Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},"related":[{"number":"962-40","title":"Terminating Plans","topic_title":"Plan Accounting—Defined Contribution Pension 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Plans","score":0.9569,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:222cbbfe23023085b62c82653402f3d268904943594ef7b15ef9b105c306b479","downloaded_from":"2026-09-10T02:25:30.319Z","last_downloaded_at":"2026-09-10T02:25:49.530Z","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":0.7889,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9c35f59d1a50df8cf2db7283041834e2a4023b5d268ad04cc0dac28f8ef84b03","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":0.7786,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e7cdc60c11649129333298e125157479f9b34be8f6ea2a44443a6fb904ff4f60","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":0.769,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:29026b3fa4e605604948ba8cc991a31fa31adcd2e91741e4487a10ab5dffc7b2","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":"960-30","title":"Net Assets Available for Plan Benefits","topic_title":"Plan Accounting—Defined Benefit Pension Plans","score":0.7356,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:6dafadb34babd150c67cf2306585c56980a5bcfb509e65339893c41987a264a1","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"}}],"prev":{"number":"960-30","title":"Net Assets Available for Plan Benefits","topic_title":"Plan Accounting—Defined Benefit Pension Plans","provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9a6a3356e666dd8b0e38e14f3b606b1170f7dafd573e48c4640c98ce3acf21cc","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"}},"next":{"number":"962-10","title":"Overall","topic_title":"Plan Accounting—Defined Contribution Pension Plans","provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:76596d2a71b0e16d12fe95d238eae8c97b8c06eec5c50678f54e652f42389b8d","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"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b2ac51fd578b37d7572e0eb40e0bcf4f8b46940166f3a9cab3f42d08901edbc6","downloaded_from":"2026-09-10T02:23:28.176Z","last_downloaded_at":"2026-09-10T02:23:46.986Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}}],"paragraphs":98,"summary":"ASC 960 governs financial reporting by the defined benefit pension plan itself (the employer's side is Topic 715), because the plan's net assets are the means of paying promised benefits. The Overall subtopic (960-10) sets a broad scope — all ongoing plans, funded or unfunded, ERISA or not, plus comparable non-U.S. plans reporting under U.S. GAAP — while not requiring any plan to issue financial statements. Two measurement pillars fit together: 960-20 measures the actuarial present value of accumulated plan benefits (benefits earned for service to the benefit information date, attributed under plan provisions or ratably, using pay and service as of that date and an ongoing-plan assumption), and 960-30 reports net assets available for benefits and changes in them on the accrual basis with prescribed minimum line items and a special one-line, deducted presentation for Section 401(h) account assets. 960-40 switches a plan to the liquidation basis under Subtopic 205-30 once liquidation is imminent, with benefits generally reported as vested and the terminating-plan or wasting-trust circumstances disclosed.","concepts":["net assets available for benefits","actuarial present value of accumulated plan benefits","benefit information date","vested and nonvested benefits","ongoing plan assumption","section 401(h) account assets","liquidation basis of accounting","changes in actuarial assumptions as changes in estimate"],"categories":["Compensation and benefits","Subsequent measurement","Presentation","Disclosure"],"level":"intermediate","provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:6b3beafefe8d1d632015d5361aa87e30cc045c509994ec836fef5880afb7b952","downloaded_from":"2026-09-10T02:22:27.759Z","last_downloaded_at":"2026-09-10T02:23:46.986Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}}