From: Darrell Erickson, Sponsored Programs Administrator
 Foundation Sponsored Programs (x1123)
In response to FASB 106, our Foundation is recognizing a significant current
liability for Accumulated Post-Retirement Benefit Obligations and budgeting
for annual costs of all sponsored project employees on an annual basis. To do
so, we are taking a big hit this year and significant budget increases for
future years. I am interested in how others are dealing with this. We have
discussed direct charging as a benefit, benefit pools, inclusion in future
indirect cost rates, etc.. Any comments are appreciated.

Darrell.....