Examlex
In the Great Basin of the western United States, ____.
Plan Assets
Assets that are held by a retirement plan, which can include stocks, bonds, and cash, intended to fund the future benefit payments to participants.
Defined Benefit Pension Plan
A retirement plan where employer commitments are based on a formula considering factors like salary history and duration of employment, with the company bearing investment risk.
Prior Service Cost Amortization
The process of expensing the costs of retroactive benefits granted in a pension plan over a period of time.
Actuarially Determined Discount Rate
This refers to the interest rate used in the actuarial valuation to discount future pension obligations to present value, reflecting the expected rate at which the pension plan's liabilities can be funded or settled.
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