Tax Law

Recent Posts

Government Accounting: Pensions and Other Postemployment Benefits*
Posted on 8 Oct 2012 by LexisNexis Tax Law Community Staff

Employee pensions and other postemployment benefits (OPEB), such as healthcare, life insurance, disability, and long-term care benefits, are significant elements of cost for state and local governments. Moreover, a confluence of forces -- unfavorable... Read More

Special Requirements for Applicable Defined Benefit Plans
Posted on 16 May 2012 by David Pratt

The Pension Protection Act of 2006 ("PPA") provided extensive new rules to deal with many issues that have proved problematic for cash balance and pension equity plans. Among those new rules were special requirements for "applicable defined... Read More

Pension and Postretirement Benefit Accounting
Posted on 7 Jun 2012 by Donald Resseguie

Pension and postretirement benefits represent a significant cost to employers. The Financial Accounting Standards Board has specified that postretirement benefits are a form of deferred compensation. FASB concluded that the obligation to provide postretirement... Read More