Examlex
Which test did David Wechsler develop?
Pension Asset/Liability
Represents the surplus or deficit in a company's pension plan, indicating whether assets are sufficient to cover pension obligations.
Funded Status
The financial status of a pension plan, usually indicating the extent to which assets cover liabilities.
Past Service Cost
The cost of additional retirement benefits awarded for an employee's service in prior periods, typically arising from plan amendments.
Service Cost
The portion of the projected pension benefit that is attributed to employee's service in the current year, often used in accounting for pension expenses.
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