Norwalk, Conn. (Dec. 24, 2003) -- The Financial Accounting Standards Board has revised its Statement No. 132, Employers’ Disclosures about Pensions and Other Postretirement Benefits, a revision that sharpens financial statement disclosures for defined- benefit plans.

Companies would now be required to provide greater details about their defined-benefit plans on a quarterly basis including plan assets, benefit obligations and costs and cash flows.

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