Summary of Statement No. 75

Deferral of the Effective Date of Certain Accounting Requirements for Pension Plans of State and Local Governmental Units—an amendment of FASB Statement No. 35 (Issued 11/83)


This Statement amends FASB Statement No. 35, Accounting and Reporting by Defined Benefit Pension Plans, to defer indefinitely its applicability to pension plans of state and local governmental units pending further action by the Board.