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What Are the Two Components of OCI Related to Pensions

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What are the two components of OCI related to pensions? What is the conceptual reason for recognizing these two components through OCI rather than net income?


Definitions:

Increased Satisfaction

The improvement of contentment and happiness levels among individuals or groups, often used in the context of employees within organizations.

Reduced Turnover

A decrease in the rate at which employees leave a company voluntarily and need to be replaced, often resulting from improved job satisfaction and work conditions.

Social Security System

A government program designed to provide financial support to individuals during retirement, disability, or unemployment.

Employee Retirement Income Security Act (ERISA)

A federal law that sets minimum standards for most voluntarily established pension and health plans in private industry to provide protection for individuals in these plans.

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