Description: The unfunded obligations of U.S. employers for postretirement health benefits are enormous. While estimates of the obligation vary widely from under $100 billion to over $1 trillion, the Government Accounting Office estimate is about $400 billion. FASB has a new proposed method for accounting for post-retirement benefits other than pensions.

Description: This session discussion is about postretirement health benefit funding, leveraged corporate-owned life insurance, trust-owned life insurance, settlement contracts, 401h and pension plan asset transfer. From Record of Society of Actuaries Vol. 17, No. 3B.