The Right Way to Manage Your Pension Fund.

FASB pronouncement : Statement 87 ; FINANCIAL Accounting Standards Board

The article focuses on managing corporate pension funds. There is more interest in pension plan liabilities since the Financial Accounting Standards Board (FASB) recognized that defined-benefit plans refer to the employer's responsibility to provide a promised pension--regardless of the size of the pension trust assets. Some companies are expected to shift their definition of pension fund risk because of FASB 87. Topics include the advantage of long-term bonds, hedging pension-fund risk, and a downstream surplus in pension funds.