Disclosure of Pension Information—an amendment of APB Opinion No. 8 (Issued 5/80)
There is a need for comparability in disclosures about the financial status of pension plans made in employers' financial statements. Accordingly, this Statement requires revised disclosures about defined benefit pension plans in employers' financial statements. The revised disclosures include the actuarial present value of accumulated plan benefits and the pension plan assets available for those benefits, both as determined in accordance with FASB Statement No. 35, Accounting and Reporting by Defined Benefit Pension Plans. Employers having plans for which accumulated benefit information is not available will (1) continue to make the disclosures with respect to vested benefits called for by APB Opinion No. 8, Accounting for the Cost of Pension Plans, and (2) disclose the reasons why the information required by this Statement is not provided.