Latest Other postemployment benefits Stories

BATON ROUGE, La., Nov. 15, 2012 /PRNewswire/ -- Albemarle Corporation (NYSE: ALB), a leader in the global specialty chemicals market, announced today that it plans to change its method of accounting for deferred actuarial gains and losses relating to its global pension and other postretirement benefit (OPEB) plans to a more preferable method in accordance with generally accepted accounting principles in the United States (GAAP). This new accounting method, referred to as...

DALLAS, Aug. 12, 2011 /PRNewswire/ -- Keystone Consolidated Industries, Inc. (OTCQB: KYCN), reported net income of $9.0 million, or $0.74 per diluted share, in the second quarter of 2011 as compared to net income of $6.7 million, or $0.56 per diluted share, in the second quarter of 2010. The increase in net income was primarily due to a $3.5 million higher defined benefit pension credit during the second quarter of 2011. Because the amount of the Company's net periodic defined benefit...

NEW YORK, Jan. 21, 2011 /PRNewswire/ -- Verizon Communications Inc. (NYSE, Nasdaq: VZ) announced today that it has adopted a new policy that changes the method of accounting for pensions and other post-employment benefits (OPEB). The improved policy recognizes gains and losses in the year they are incurred, rather than amortizing them over time. Under the new method, annual adjustments will be made to reflect actual return on pension plan assets, changes in discount rates and differences...

RUMSON, N.J., Oct. 19 /PRNewswire/ -- Roundstone Healthcare Funding has brought together under a single domain (www.OPEBAnswers.com) the flexible and value added tools organizations need for a complete end-to-end OPEB liability solution. With a focus on public entities, benefit consultants and other service providers, Roundstone Healthcare Funding and its partners deliver a range of services: OPEB liability estimation, dedicated Trust formation, strategic asset management services and cost...