Examlex
The proposal during the Constitutional Convention that created a House proportionate to population along with a Senate in which all states were represented equally was called
Pension Reform Act
Legislation aimed at improving, modifying, or reforming the guidelines and operations of pension schemes and retirement benefits.
Net Periodic Pension Cost
The total cost charged to expense related to pension plans during a certain period, including service and interest costs.
Defined Benefit Pension Plan
A defined benefit pension plan is a retirement plan where the employer promises a specified pension payment upon retirement, based on an algorithm involving salary, age, and years of service.
GAAP
Generally Accepted Accounting Principles, a set of rules and standards used in financial reporting and accounting.
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