GLOBAL - A majority of employers are not in favour of the changes being proposed by the International Accounting Standards Board (IASB), according to Watson Wyatt.
Most of the employers said improvements to requirements for the measurement of cash balance and similar pension plan should be a key priority.
And more than half (56%) agreed that pension accounting should change by removing options to deter the recognition of plan gains and losses.
Watson Wyatt senior international consultant Eric Steedman said: "The IASB's proposal would make significant changes to the way retirement benefits are accounted for under International Financial Reporting Standards.
"With a global convergence of accounting standards on the horizon, these changes could have important implications for publicly traded companies around the world."
The survey also revealed relatively few companies (12%) had completed an analysis to determine the potential ramifications of the proposal on their plans, but about half of the respondents 51% planned to do so.
The consultant said the changes would not reduce most employers' commitment to offering pension plans but the proposed changes to cost recognition would discourage them from offering defined benefit (DB) plans in the future.
Senior retirement consultant John Steele said: "If implemented, the proposed changes could mean higher assessments of liabilities and increased volatility in employer financial statements.
"In order to develop a workable standard that supports employers continuing to offer pension plans, it will be critical for companies to communicate their concerns and engage the IASB in a dialogue on the proposal as it evolves into a final standard."
Enhanced powers for The Pensions Regulator (TPR) to prosecute and fine company directors who "wilfully or recklessly" put their defined benefit (DB) pension scheme at risk will be hard to enforce, commentators say.
Melrose has pledged to contribute up to £1bn to GKN's pension schemes as part of a final offer to acquire the engineering business.
Existing master trusts will be forced to pay £41,000 when applying for authorisation under the upcoming regime, the government has confirmed.
UPDATE 2 - DWP publishes DB white paper: Stronger powers for TPR, DB chair statements to be introduced
The Pensions Regulator (TPR) will be given the power to fine company bosses who deliberately puts their defined benefit (DB) schemes at risk, the government has confirmed.