United States Government Publishing Office publisher pbl distributor dst United States National Archives and Records Administration Office of the Federal Register author aut Government Organization text government publication eng FR Regulatory Information 2011_register executive 2011-12-24 article Part VII Rules and Regulations D09002ee1c7fe3b49 D09002ee1c7fe3e68 United States Office of Management and Budget originator org United States Government Agency or Subagency United States Office of Federal Procurement Policy originator org United States Government Agency or Subagency The Office of Federal Procurement Policy (OFPP), Cost Accounting Standards Board (Board), is publishing this final rule to revise Cost Accounting Standard (CAS) 412, "Composition and Measurement of Pension Cost," and CAS 413, "Adjustment and Allocation of Pension Cost." This revision will harmonize the measurement and period assignment of the pension cost allocable to Government contracts, and the minimum required contribution under the Employee Retirement Income Security Act of 1974 (ERISA), as amended, as required by the Pension Protection Act (PPA) of 2006. The PPA amended the minimum funding requirements for qualified defined benefit pension plans. The Board issues this final rule to revise CAS 412 and CAS 413 to include the recognition of a "minimum actuarial liability" and "minimum normal cost," which are measured on a basis consistent with the liability measurement used to determine the PPA minimum required contribution, and accelerate the recognition of actuarial gains and losses. These and other revisions will better align both the measurement and period assignment of pension cost allocable to a contractor's Government contracts and other final cost objectives in accordance with CAS, and the measurement and period assignment requirements for determining the contractor's minimum pension contribution under the PPA. 76 FR 81296 https://www.govinfo.gov/app/details/FR-2011-12-27/2011-32745 2011-32745 fr27de11-18 P https://www.govinfo.gov/app/details/FR-2011-12-27/2011-32745 https://www.govinfo.gov/content/pkg/FR-2011-12-27/html/2011-32745.htm https://www.govinfo.gov/content/pkg/FR-2011-12-27/pdf/2011-32745.pdf 30 p. 81296 81325 76 FR 81296 Title 48 Part 9904 48 CFR Part 9904 Cost Accounting Standards: Cost Accounting Standards 412 and 413-Cost Accounting Standards Pension Harmonization Rule; Federal Register Vol. 76, Issue RULE 2011-32745 VII OFFICE OF MANAGEMENT AND BUDGET Office of Federal Procurement Policy 2012-02-27 P 2011-32745 Final rule.

The Office of Federal Procurement Policy (OFPP), Cost Accounting Standards Board (Board), is publishing this final rule to revise Cost Accounting Standard (CAS) 412, "Composition and Measurement of Pension Cost," and CAS 413, "Adjustment and Allocation of Pension Cost." This revision will harmonize the measurement and period assignment of the pension cost allocable to Government contracts, and the minimum required contribution under the Employee Retirement Income Security Act of 1974 (ERISA), as amended, as required by the Pension Protection Act (PPA) of 2006. The PPA amended the minimum funding requirements for qualified defined benefit pension plans. The Board issues this final rule to revise CAS 412 and CAS 413 to include the recognition of a "minimum actuarial liability" and "minimum normal cost," which are measured on a basis consistent with the liability measurement used to determine the PPA minimum required contribution, and accelerate the recognition of actuarial gains and losses. These and other revisions will better align both the measurement and period assignment of pension cost allocable to a contractor's Government contracts and other final cost objectives in accordance with CAS, and the measurement and period assignment requirements for determining the contractor's minimum pension contribution under the PPA.

Effective Date: February 27, 2012. Eric Shipley, Project Director, Cost Accounting Standards Board (telephone: (410) 786-6381). Cost Accounting Standards: Cost Accounting Standards 412 and 413 Cost Accounting Standards Pension Harmonization , http://www.regulations.gov http://www.whitehouse.gov/omb/casb_index_public_comments/ Vol. 76, no. 248 Office of the Federal Register, National Archives and Records Administration 2011-12-27 continuing daily deposited born digital 643 p. Table of Contents: AE 2.7: GS 4.107: AE 2.106: KF70.A2 https://www.govinfo.gov/app/details/FR-2011-12-27 P0b002ee18147ba6d 0097-6326 0042-1219 0364-1406 769-004-00000-9 000582072 f:fr27de11 https://www.govinfo.gov/app/details/FR-2011-12-27 https://www.govinfo.gov/content/pkg/FR-2011-12-27/pdf/FR-2011-12-27.pdf https://www.govinfo.gov/content/pkg/FR-2011-12-27/xml/FR-2011-12-27.xml fdlp 80725 81358 DGPO 2011-12-24 2024-06-03 FR-2011-12-27 machine generated eng FR FR-2011-12-27 76 248