Summary of Statement No. 81
Disclosure of Postretirement Health Care and Life Insurance Benefits (Issued 11/84)
Summary
This Statement requires the following disclosures about an
employer's accounting for postretirement health care and life
insurance benefits: (a) a description of the benefits provided and
the employee groups covered, (b) a description of the employer's
current accounting and funding policies for those benefits, and (c)
the cost of those benefits recognized for the period.
This Statement is effective for financial statements
for periods ending after December 15, 1984 for postretirement
health care and life insurance benefits provided in the United
States and foreign countries. However, if information on foreign
benefits is unavailable, it need not be included in financial
statements for periods ending before June 15, 1985. Thereafter,
current and comparative data for periods ending after December 15,
1984 are required to include foreign benefits.