What Are Past Service Costs in a Defined Benefit Plan

question 2

Multiple Choice

What are past service costs in a defined benefit plan?

• A)Plan amendments that retrospectively improve pension plan benefits.
• B)Difference arising between the actual and the expected value of plan assets.
• C)Expected interest,dividend or income earned on the pension plan assets.
• D)Differences arising between the actual and expected values of the pension obligations.

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Definitions:

Inner Conflict

A psychological struggle within oneself, arising from opposing demands or impulses.

Major Life Changes

Changes in your life, such as divorce, that increase daily hassles, leaving you stressed and worn out.

Internal Sources

Refers to the means within an organization or entity from which information, financing, or support can be drawn.

Eustress

Positive stress, the kind felt when doing something one enjoys, such as playing tennis or attending a party.