Pension Trust Disclosures

As you know, the Financial Accounting Standard Board (FASB) has implemented a new accounting standard affecting employers who contribute to one or more multi-employer plans. Publicly traded companies were required to note this information for fiscal years ending after December 15, 2011. Private companies will be required to note this information for fiscal years ending after December 15, 2012. We will update the disclosure information for each plan on an annual basis to assist all members in their reporting requirements.