Examlex
What is a word that means the time after birth?
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.
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