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Statement No. 36 Disclosure of Pension Information-an amendment of APB Opinion No. 8 STATUS Issue Date: May 1980 Effective Date: For fiscal years beginning after December 15, 1979 and for complete interim statements issued after June 30, 1980 for interim periods within those fiscal years Affects: Supersedes APB 8, paragraph 46 Affected by: Paragraph 8 amended by FAS 95 Superseded by FAS 87 Other Interpretive Pronouncement: FTB 81-3 (Superseded by FAS 111) Abbreviations for Accounting Pronouncements FAS - FASB Statements FIN - FASB Interpretations FTB - FASB Technical Bulletins APB - APB Opinions AIN - AICPA Interpretations ARB - Accounting Research Bulletins CON - FASB Concepts EITF - EITF Issues Q&A - FASB Implementation Guides SUMMARY There is a need for comparability in disclosures about the financial status of pension plans made in employers' financial statements. Accordingly, this Statement requires revised disclosures about defined benefit pension plans in employers' financial statements. The revised disclosures include the actuarial present value of accumulated plan benefits and the pension plan assets available for those benefits, both as determined in accordance with FASB Statement No. 35, Accounting and Reporting by Defined Benefit Pension Plans. Employers having plans for which accumulated benefit information is not available will (1) continue to make the disclosures with respect to vested benefits called for by APB Opinion No. 8, Accounting for the Cost of Pension Plans, and (2) disclose the reasons why the information required by this Statement is not provided. Copyright by Financial Accounting Standards Board. All Rights Reserved. Used by Permission.
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