Iowa Admin. Code r. 199-16.9 - Postemployment benefits other than pensions
(1) Accrual accounting for postemployment
benefits other than pensions in accordance with Statement of Financial
Accounting Standard No. 106 (SFAS 106) will be permitted where:
a. The accrued postemployment benefit
obligations have been funded in a segregated and restricted account or
alternative arrangements have been approved by the commission.
b. The net periodic postemployment benefit
cost and accumulated postemployment benefit obligations have been determined by
an actuarial study completed in accordance with the specific methods required
and outlined by SFAS 106.
c. The
transition obligation is amortized in accordance with SFAS 106.
(2) The requirements of this rule
do not apply to a local exchange utility regulated by the commission if the
utility accounts for its postemployment benefits other than pensions in a
manner consistent with the regulations of the Federal Communications
Commission.
Notes
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