Cost Accounting Standards Pension Harmonization Rule, CAS 412 & 413

March 2012

At a glance

Cost Accounting Standards Pension Harmonization Rule, CAS 412 & 413

On December 27, 2011, the Cost Accounting Standards Board (CASB) issued the long-awaited final pension harmonization rule titled Cost Accounting Standards.

On December 27, 2011, the Cost Accounting Standards Board (CASB) issued the long-awaited final pension harmonization rule titled Cost Accounting Standards: Cost Accounting Standards 412 and 413 - Cost Accounting Standards Pension Harmonization Rule 76 Fed. Reg. 81295 (the final rule). The final rule achieves CASB's responsibility to satisfy a provision in the Pension Protection Act of 2006 (PPA), which required the CASB to harmonize CAS pension costs with the minimum required pension contributions under the Employee Retirement Income Security Act of 1974 (ERISA), as amended.