Accounting rulemakers decided Wednesday, Oct. 4 that companies do not need to reveal additional information about how much they expect to contribute to their employee pension plans in the future. The Financial Accounting Standards Board voted 6 to 1 not to add another pension-disclosure project to its agenda. The project was expected to have required companies to disclose information about their next five years’ worth of expected pension-plan contributions. Companies now must disclose only how much they expect to contribute over the next year. FASB spokesman Gerard Carney said the board felt an additional project would be redundant right now since existing guidance and Securities and Exchange Commission guidance is already in place. — Donna Block
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