question archive The areas of pension plans and other post retirement benefits (such as health care benefits) appear on the surface to be quite similar
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The areas of pension plans and other post retirement benefits (such as health care benefits) appear on the surface to be quite similar. Nonetheless, the Financial Accounting Standards Board issued its pronouncement on other postretirement benefits some five years after the issuance of the pro- nouncement on pensions. Explain why the FASB did not consider the areas of pensions and other post retirement benefits concurrently.
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