FAR 52.215-15 Pension Adjustments and Asset Reversions
Clause Federal Acquisition Regulation Oct 2010 version
Facts
- Citation
- FAR 52.215-15
- Type
- Clause
- Current version
- October 2010
- Prescribed in
- FAR 15.408(g)
- Last amended
- 75 FR 53135 Effective Oct 1, 2010
- Proposed changes
- 1
- Text as of
- FAC 2026-01
- Official text
- acquisition.gov
Text from acquisition.gov. Federal Register history from the Federal Register's records of the rules that amended this clause.
Text
As prescribed in 15.408(g), insert the following clause:
Pension Adjustments and Asset Reversions (Oct 2010)
(a) The Contractor shall promptly notify the Contracting Officer in writing when it determines that it will terminate a defined-benefit pension plan or otherwise recapture such pension fund assets.
(b) For segment closings, pension plan terminations, or curtailment of benefits, the amount of the adjustment shall be-
(1) For contracts and subcontracts that are subject to full coverage under the Cost Accounting Standards (CAS) Board rules and regulations (48 CFR Chapter 99), the amount measured, assigned, and allocated in accordance with 48 CFR 9904.413-50(c)(12) ; and
(2) For contracts and subcontracts that are not subject to full coverage under the CAS, the amount measured, assigned, and allocated in accordance with 48 CFR 9904.413-50(c)(12) , except the numerator of the fraction at 48 CFR 9904.413-50(c)(12) (vi) shall be the sum of the pension plan costs allocated to all non-CAS covered contracts and subcontracts that are subject to Federal Acquisition Regulation (FAR) subpart 31.2 or for which certified cost or pricing data were submitted.
(c) For all other situations where assets revert to the Contractor, or such assets are constructively received by it for any reason, the Contractor shall, at the Government’s option, make a refund or give a credit to the Government for its equitable share of the gross amount withdrawn. The Government’s equitable share shall reflect the Government’s participation in pension costs through those contracts for which certified cost or pricing data were submitted or that are subject to FAR subpart 31.2.
(d) The Contractor shall include the substance of this clause in all subcontracts under this contract that meet the applicability requirement of FAR 15.408(g).
(End of clause)
Federal Register history
Proposed changes
| Proposed rule | Published | Comments |
|---|---|---|
| Federal Acquisition Regulation: Revolutionary FAR Overhaul Parts 8, 12, 13, 15, 38, 44, and 51 | Closed Oct 19, 2026No final rule found |
Sections cited
- FAR Subpart 31.2 Contracts with Commercial Organizations
Quick answers
What is FAR 52.215-15?
FAR 52.215-15 is a clause of the Federal Acquisition Regulation, titled "Pension Adjustments and Asset Reversions".
What is the current version of FAR 52.215-15?
The current version is dated October 2010.
Where is FAR 52.215-15 prescribed?
It is prescribed in FAR 15.408(g), Solicitation provisions and contract clauses.
When was FAR 52.215-15 last changed?
The most recent final rule on record is "Federal Acquisition Regulation; Definition of Cost or Pricing Data" (75 FR 53135), published Aug 30, 2010 and effective Oct 1, 2010.
Are changes to FAR 52.215-15 proposed?
One proposed change has no final rule yet.
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