Alternative measures of the benefit obligation, including vested benefit obligations, accumulated benefit obligations for pension plans with assets in excess of the accumulated benefit obligation, and various portions of postretirement benefit obligations for retirees, other active participants, and other fully eligible participants.
FASB Statement 132 permits the aggregation of these disclosures with other disclosures about plans with accumulated benefit obligations in excess of assets.
25 percent on the projected and accumulated benefit obligations
would be to decrease or even eliminate the underfunded portion of Mottins' retirement plans.
DB plan, the funding ratio on accumulated benefit obligations
increased from 95 percent at the start of 2004 to 99 percent at the beginning of 2005, while funding of projected benefit obligations rose from 88 percent to 91 percent.
Disclosures about pension plans with assets in excess of the accumulated benefit obligation generally may be aggregated with disclosures about pension plans with accumulated benefit obligations in excess of assets.
The aggregate pension accumulated benefit obligation and aggregate fair value of plan assets for pension plans with accumulated benefit obligations in excess of plan assets.
Disclosures about pension plans as well as other post-retirement benefits with assets exceeding the accumulated benefit obligation may be aggregated with disclosures about pension plans as well as other post-retirement benefits with accumulated benefit obligations exceeding assets.
The FASB in this standard eliminates the following previous disclosure requirements pertaining to pensions and other post-retirement benefits: (1) accumulated pension benefit obligations [ABO] only for plans having assets in excess of the ABO, but not for plans in which the ABO exceeds the plan assets; (2) vested benefit obligations; and (3) an analysis of other post-retirement accumulated benefit obligations for retirees, other fully eligible individuals, and active, but not fully eligible, participants.
SFAS 132 requires less-detailed information about plans that have accumulated benefit obligations
that exceed assets.
The percentage of companies whose defined benefit pension plans have sufficent assets to cover their accumulated benefit obligations
has been falling for the past few years, according to Buck Consultants, Inc.
Corporations that have pension plans that are not under-funded with respect to their accumulated benefit obligations
do not have MPL, and must be sure to eliminate any existing MPL remaining from prior periods.