Thanks for the answer I am aware of all the above. I am a little confused about the word earnings. The pension value stopped when I left my employment. It has not grown since I left and will not grow (government pension). Thus there was no income earned.
The amount in one pension is 26000, roughly $43000 (current 1.66 to 1 exchange rate ). My pension. It will be taxed when it can be taken out at 65.
The other is 23000, roughly $38000 (same exchange rate and conditions. Wife's pension.
It will be taxed when it is given to me by the country of origin at 65.
Thus no income or earnings were earned since I left my country of origin. Does that mean it is taxable on something I have not received.
Finally the account has 73000, roughly $119000 (same exchange rate. My Form 1040EZ did not come with Form 8938 otherwise I would have been aware of it prior to today, and would have filed it.
Thus I presume I am in violation of FBAR x 2 (2009,2010) and failing to file Form 8938 before April 17th 2012.
I will be blunt I presumed income meant income, not asset evaluation. Hence why I did not know it was to be down. Will this be a reasonable excuse, or will I definitely be fined. I guess that was my main concern. It seems I am going to be penalized over something, and for monies not even earned here, and before I got here, because of an IRS thing, which does not exist in any other country.