The new accounting for Medicare Part D subsidies starts this year.
Also, FASB wants to put into effect changing the valuation period of all Retiree Medical Plans. Before the valuation period ended September 30th, now they want to change it to the company's fiscal year end. In addition, companies will have to recognize the difference between APBO and the company's liability as a change in Other Comprehensive Income (OCI).
Oh, and my pool is finally done.