# Federal Acquisition Regulation; Deferred Compensation and Postretirement Benefits Other Than Pensions
> **US Department of Defense** · Final rule. · Published 2005-06-08 · Effective 2005-07-08 · 70 FR 33671
## Document
- **Document number:** 05-11185
- **Category:** other
- **Sub-agency:** US Department of Defense
- **Federal Register citation:** 70 FR 33671
- **CFR reference:** 48 CFR 31
- **Publication date:** 2005-06-08
- **Effective date:** 2005-07-08
- **DOD docket:** FAC 2005-04
## Abstract

The Civilian Agency Acquisition Council and the Defense Acquisition Regulations Council (Councils) have agreed on a final rule amending the Federal Acquisition Regulation (FAR) by revising the cost principles for Deferred compensation other than pensions, and Postretirement benefits other than pensions. The related contract clause, Reversion or Adjustment of Plans for Postretirement Benefits (PRB) Other Than Pensions, is also revised. The rule revises the cost principle and contract clause by improving clarity and structure, and removing unnecessary and duplicative language. The revisions are intended to revise contract cost principles and procedures, in light of the evolution of Generally Accepted Accounting Principles (GAAP), the advent of Acquisition Reform, and experience gained from implementation of the cost principles in the FAR.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/2005/06/08/05-11185/federal-acquisition-regulation-deferred-compensation-and-postretirement-benefits-other-than-pensions)
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