Examlex
Which one of the following is not a characteristic of an issue?
Projected Benefit Obligation
A measurement of the present value of future pension liabilities, based on expected future salary increases.
Prior Service Cost
A pension expense that arises when a company grants retroactive benefits to employees, recognized over the service period of the employees.
Pension Expense
The cost recognized by an employer for maintaining a defined benefit pension plan for its employees, encompassing various components such as service cost and interest cost.
Actuarially Determined
Calculations made based on actuarial methods and assumptions, often used in determining pension liabilities and insurance premiums.
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