Sample content Reporting Paper ACC/541 MEMORANDUM TO: Chief Executive Officer FROM: Financial Controller DATE: SUBJECT: Required Reporting for Pensions and Other Postretirement Plans Several issues have to be considered in the wake of the firm’s recent acquisition of a new company. First, the acquired company has two different pension plans whose reporting requirements are unfamiliar to the firm. Second, the acquired company has two segments that do not fit the firm’s requirements, and should be targeted for closure. Hence, this memo describes the reporting requirements of pension plans, namely, defined contribution plans, defined benefit plans and Other Postretirement Plans or OPEBs. In addition, this memo describes how to close an unwanted segment. Defined contribution plans are plans in which the employer agrees to pay a fixed amount to the employee’s pension fund each year while the employee works for the company. In comparison, defined benefit pl