Actualized Policy Includes

question 17

Multiple Choice

Actualized policy includes:

• A) Informal, unwritten policies.
• B) Personal policy actions, such as obeying or disobeying a policy.
• C) Official, written policies.
• D) Personal orientations toward policy.

---

Definitions:

Actuarial Gains and Losses

Gains or losses that arise from the adjustment of assumptions or the application of actuarial models differently over time in evaluating a company's pension liabilities.

Projected Benefit Obligation

Represents an estimate of the total amount to be paid to participants in a defined benefit pension plan, based on employees' service and salary history.

Prior Service Cost

The cost associated with retroactive benefits granted in a pension plan amendment, recognized over the service lives of affected employees.

Plan Assets

Assets that are specifically earmarked to pay pension benefits, typically held in a pension fund.