NEWS RELEASE 06/23/06

FASB to Hold Public Roundtable on Proposal to Improve Accounting for Postretirement Benefit Plans, Including Pensions

Norwalk, CT, June 23, 2006—The Financial Accounting Standards Board (FASB) will hold two public roundtable meetings on June 27, 2006 to discuss the Board’s proposal to improve the accounting for postretirement benefit plans, including pensions.

In line with the Board’s due process, the roundtable, which is open to the public, will provide a forum for the Board to listen to the views of and obtain information from constituents in association with the March 31, 2006 FASB Exposure Draft, Employers’ Accounting for Defined Benefit Pension and Other Postretirement Plans.

Logistics follow:

Roundtable One:
Roundtable Two:
9:00 AM – 12:00 PM
1:00 PM – 4:00 PM

 

Location: Financial Accounting Standards Board
401 Merritt 7
Norwalk, CT 06856-5116
Telephone: (203) 847-0700

Both roundtables will be webcast live and can be accessed from http://www.trz.cc/fasb/live.html.

About the Financial Accounting Standards Board

Since 1973, the Financial Accounting Standards Board has been the designated organization in the private sector for establishing standards of financial accounting and reporting. Those standards govern the preparation of financial reports and are officially recognized as authoritative by the Securities and Exchange Commission and the American Institute of Certified Public Accountants. Such standards are essential to the efficient functioning of the economy because investors, creditors, auditors, and others rely on credible, transparent and comparable financial information. For more information about the FASB, visit our website at www.fasb.org.