Changes in the accounting rules for pensions that are expected to be proposed by the Financial Accounting Standards Board next month could cost the largest companies billions of dollars, according to analysis by HR firm Towers Perrin.
FASB is expected to propose stricter rules in March. Towers Perrin found that the Fortune 100 companies that sponsor defined benefit plans would have been required to recognize an additional liability of $331 billion on their balance sheets at year-end 2004, instead of the $62 billion that was on the balance sheet at that time.
See full Article.
Also see Towers Perrin Summary.
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