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Multiemployer Pension Plan Completed

  • Mary DeMoss
  • October 20, 2011

 

After over a year of comments from the AGC of America and contractors nationwide, the Financial Accounting Standards Board (FASB) backed off proposed revisions that would have required contractors to disclose participation in multiemployer pension plans on balance sheets. FASB has now completed its Multiemployer Pension Plan Disclosure Project, and has made some changes as to what it requires for an audit.