Description: This article summarizes the work of the SFAS No. 106 implementation task force which was formed to consider the needs of practicing actuaries, inform the appropriate standing committees of these needs, and prompt these committees toward quick resolution of any outstanding issues.

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.