SFAS No. 87 was the first pension accounting standard to segregate accumulated benefits into vested and unvested benefits.

Question

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SFAS No. 87, "Employers' Accounting for Pensions," does not specifically introduce the segregation of accumulated benefits into vested and unvested benefits for the first time. It focuses on the financial reporting of pension plans by employers, including aspects like the cost of providing pensions to employees and the obligations and assets of pension plans. The segregation of benefits into vested and unvested categories has been a consideration in pension accounting and actuarial valuations prior to SFAS No. 87.

SFAS No 87 Was the First Pension Accounting Standard to Segregate