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These excerpts taken from the UCBH 10-K filed Feb 29, 2008. Employers’
Accounting for Defined Benefit Pension and Other Postretirement
Plans
In September 2006, the FASB issued SFAS No. 158,
Employers’ Accounting for Defined Benefit Pension and
Other Postretirement Plans — an amendment of FASB
Statements No. 87, 88, 106 and 132(R).
SFAS No. 158 requires an employer to recognize the
overfunded or underfunded status of a defined benefit
postretirement plan as an asset or liability in its statement of
financial position and recognize changes in the funded status in
the year in which the changes occur. SFAS No. 158 is
effective for fiscal years ending after December 15, 2006.
The Company has no defined benefit pension plan and the adoption
of SFAS No. 158 did not have a material effect on the
Company’s consolidated financial position, results of
operations or cash flows.
Employers’ Accounting for Defined Benefit Pension and Other Postretirement Plans In September 2006, the FASB issued SFAS No. 158, Employers’ Accounting for Defined Benefit Pension and Other Postretirement Plans — an amendment of FASB Statements No. 87, 88, 106 and 132(R). SFAS No. 158 requires an employer to recognize the overfunded or underfunded status of a defined benefit postretirement plan as an asset or liability in its statement of financial position and recognize changes in the funded status in the year in which the changes occur. SFAS No. 158 is effective for fiscal years ending after December 15, 2006. The Company has no defined benefit pension plan and the adoption of SFAS No. 158 did not have a material effect on the Company’s consolidated financial position, results of operations or cash flows. This excerpt taken from the UCBH 10-K filed Mar 1, 2007. Employers’
Accounting for Defined Benefit Pension and Other Postretirement
Plans
In September 2006, the FASB issued SFAS No. 158,
Employers’ Accounting for Defined Benefit Pension and
Other Postretirement Plans — an amendment of FASB
Statements No. 87, 88, 106 and 132(R).
SFAS No. 158 requires an employer to recognize the
overfunded or underfunded status of a defined benefit
postretirement plan as an asset or liability in its statement of
financial position and recognize changes in the funded status in
the year in which the changes occur. SFAS No. 158 is
effective for fiscal years ending after December 15, 2006.
The Company has no defined benefit pension plan and the adoption
of SFAS No. 158 did not have a material effect on the
Company’s consolidated financial position, results of
operations or cash flows.
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