NASBP Support of CIFC Proposed Multiemployer Defined Benefit Plan Disclosure Table

Thank you for providing NASBP with a copy of the comments and assessment of the Construction Industry FASB Coalition (CIFC) on the proposed FASB multiemployer defined benefit pension plan disclosure rules for companies that participate in those plans. Upon review, I found that those comments are in basic agreement with views of NASBP on the matter. NASBP agrees with the CIFC view that transparency with respect to pension and retiree health care participation should be increased, but not in a way that contradicts sound accounting practices or jeopardizes national pension policy.

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