At the Bell; FASB proposes transparency idea.(Late News)

The Financial Accounting Standards Board on Friday proposed requiring employers to report overfunded or underfunded positions of defined benefit post-retirement plans - including pension plans - on their balance sheets.

Employers would have to measure plan assets and obligations as of the date of their financial statements.

The FASB, which is based in Norwalk, Conn., said that the proposal would "increase the transparency and completeness of financial statements for shareholders,'' creditors, employees, retirees, donors and others.

AIM introduces