B-237892,B-237893: Feb 7, 1990

DIGEST General Accounting Office (GAO) is in favor of a change proposed in Federal Acquisition Regulation (FAR) case No. R9-70 that would amend FAR section 31.205-6(M) to provide that the costs of post retirement benefits other than pensions are allowable only if paid currently. These are FAR case Nos. 89-70 And 89-73. FAR case No. 89-70 is a proposal to revise the rules concerning the costs of po...

B-237892,B-237893: Published: Feb 7, 1990. Publicly Released: Feb 7, 1990.

GAO commented on proposed revisions to the Federal Acquisition Regulation (FAR) that would: (1) allow contractors the costs of postretirement benefits other than pensions only if paid currently; (2) provide for the government to receive an equitable share of amounts reverting to a contractor upon termination or reduction of a previously funded plan for postretirement benefits; (3) affect the timin...