FASB Will Require More Disclosure of Pension Data

In a meeting today, the Financial Accounting Standards Board decided to make further changes to disclosure requirements for pensions. Reuters reports via the New York Times: “FASB Requires More Disclosed Pension Data.” Also, the Wall Street Journal has this: “Rule to Require Companies to Disclose Pension Holdings.” The New York Times article quotes a FASB board member as stating that under the new rule “companies would have to describe the investment strategy used for their pension assets, for example, their policy on derivatives and any prescribed strategy on investing.”