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As we reported in our April 28, 2010 Client Alert, the Financial Accounting Standards Board (the “FASB”) recently decided to issue a proposal that would amend U.S. Generally Accepted Accounting Principles (“GAAP”) to require employers to disclose in footnotes to their financial statements new quantitative and qualitative information regarding their participation in multiemployer defined benefit plans
The purpose of this alert is to advise employers that they may soon be required to disclose in footnotes to their financial statements new quantitative and qualitative information regarding their participation in multiemployer defined benefit pension plans
