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FASB staff members issue implementation guidance (
www.fasb.org/q&a87.pdf ) on FASB statement no. 87, Employers’
Accounting for Pensions. The advisory addresses the impact the
Economic Growth and Tax Relief Reconciliation Act’s expiration after
2010 will have on temporary exceptions the legislation permitted to
IRC section 415(b) limits on the amount of payments a qualified
defined benefit plan could make to its participants.
