Draft: postretirement benefit plans, including pensions.

FASB has issued a proposal that would require employers to recognize the over- or under-funded positions of defined benefit postretirement plans, including pension plans, in their balance sheets.

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The proposal also requires employers to measure plan assets and obligations as of the date of their financial statements. The draft applies to public and private companies and nongovernmental not-for-profit organizations.

Comments are due May 31. For more, visit http://fasb.org/news/nr033106.shtml.