Pension Effective Dates
FASB #87
- Generally effective for fiscal years beginning after 12/15/86.
- For plans with fewer than 100 participants, outside the U.S., and for application of the minimum liability, the effective date was 12/15/88.
FASB #88
- It is effective the same time a company applies FASB #87.
- Generally addresses the issues of settlements and curtailments: