One of the many things that make investors sweat is the state of corporate pensions and other post-retirement benefit plans. How well are they funded? Are there enough assets available in the plan, or must the employer satisfy obligations?Investors aren't the only ones who sweat. Employees and retirees are also concerned. Their futures hang on the numbers, and the numbers can get pretty big, especially the red ones - possibly $600 billion in all, according to the Government Accountability Office.
Concerned that financial statements could be more transparent and useful with regard to pensions and other post-employment benefits, the Financial Accounting Standards Board has taken on a project that is likely to prove as controversial as it is complex.
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