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ABA
Joint Committee on Employee Benefits
The Sections of Business Law, Health Law, Labor and Employment
Law,
Real Property, Probate and Trust Law, Taxation and Tort Trial
and Insurance Practice
and The American College of Employee Benefits Counsel Present
Understanding the
Financial Reporting Consequences
of Defined Benefit Pension Plans
A 90-minute Teleconference / Audio
Webcast
Thursday, June 10,
2004
1:00-2:30 pm ET / 12:00-1:30 pm
CT / 11:00 am-12:30 pm MT / 10:00 am-11:30 am PT
This program has
already taken place.
Audiotapes are available for $150.
For ordering information, contact Nancy Matthews at matthewsn@staff.abanet.org
or (202) 662-8640.
Ref. #JCEBT040610UFRA
In a few short years, the controversy has
moved from an uproar over inflated corporate earnings associated
with pension surpluses to despair over plan terminations or
cutbacks and record setting contributions. Commentators despair
over the complexities for the financial reporting of defined
benefit pension plans. The FASB responds with new disclosures,
new rules for cash balance plans, etc. How is a lawyer to
advise his or her client in this tumultuous practice area?
This session will offer some assistance with this by addressing
the following topics:
- How does GAAP apply to defined benefit plans?
- What are the key assumptions for measuring expense
for financial reporting purposes?
- What are the auditor's and actuary's duties regarding
contested matters?
- What underlies the controversies regarding "smoothing"
and cash balance plans?
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- What are the differences between funding for ERISA
and tax purposes and measuring expense for financial
reporting purposes?
- What has changed for disclosures on plan sponsor's
financial statements?
- Is GAAP to blame for the current underfunding and
equity adjustments?
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Moderator
Leslie A. Klein, Sonnenschein Nath & Rosenthal
LLP, Chicago, IL
Speakers
Becky Miller, McGladrey & Pullen, LLP, Bloomington,
MN
Judy Stromback, Deloitte & Touche, Minneapolis,
MN
Carrie Duarte, PricewaterhouseCoopers, Boston, MA
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