SFAS No. 106 requires a liability be recognized related to OPEB only if a legal obligation exists.

Name: SFAS No. 106 requires a liability be recognized related to OPEB only if a legal obligation exists.
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SFAS No. 106 requires employers to recognize the expected cost of providing postretirement benefits other than pensions (OPEB) to employees over their period of service, regardless of whether a legal obligation exists.

SFAS No 106 Requires a Liability Be Recognized Related to OPEB