Coping with FASB Statement No. 106--"Accounting for Post-retirement Benefits other than Pensions".Benefits Q. 1991; 7(2):13-7.BQ
The Financial Accounting Standards Board has recently adopted Statement No. 106 providing accounting rules for nonpension postretirement benefits. This change presents a complex series of design, funding and tax issues that will forever change the way employers view the offering of postretirement benefits. Careful analysis of these issues within the specific context of each employer's human resources and financial strategy will be needed to select the proper course of action for dealing with this new accounting statement.