Norwalk, Conn. (Dec. 2, 2003) - Following weeks of debate the Financial Accounting Standards Board voted to adopt a change that would require U.S. companies to disclose the investment strategies they use in their traditional retirement plans.
The decision is a part of larger initiative by FASB to increase companies' reporting on their pension plans. Under the new rule companies will have to make public the proportion of stocks, bonds, real estate, private equity and other investments they hold in their pensions.
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