Examlex
The DSM-5 has made the following change from the previous version of the DSM:
Actuarially Determined
Usually pertaining to pension schemes, insurance, or finance, calculated based on actuarial methods and assumptions about future events.
Pension Expense
the cost recognized by an employer for the benefits provided to employees' post-retirement, calculated based on projected obligations and plan assets.
Pension Expense
represents the cost incurred by an employer for maintaining a retirement benefits plan for its employees over a specific period.
Defined Benefit Pension Plan
A type of pension plan where an employer promises a specified pension payment upon retirement, determined by an employee's earnings history, tenure of service, and age.
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