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The implementation guidance regards qualifying OPEB plan trusts, and the responsibilities of those who play a significant role in the functions of an OPEB plan that includes such a trust. The first phase of the Financial Accounting Standards Board's (FASB) two-part comprehensive review of pension and OPEB accounting will dramatically change corporate balance sheets. In addition, the guide includes questions and answers and expanded illustrations related to the option provided for certain employers and plans with small plan memberships, allowing them to apply an alternative measurement method to estimate liabilities and expenses associated with their OPEB obligations. |
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