plan termination

Expenses1

1. 715-912Contractors—Federal Government715 Compensation—Retirement Benefits

   ASC 715-912 is the industry-specific overlay applying retirement benefit accounting to government contractors. Its scope mirrors the Contractors—Federal Government Overall Subtopic (912-10-15), and its only substantive requirement is a disclosure consideration: contractors should consider disclosing the effect of the government's rights to any excess pension plan assets if a plan terminates.