Examlex
A disease that has a steady frequency over time in a particular geographic location is
Prior Service Cost
A pension accounting term referring to the cost of benefits attributed to employee service in prior periods, often arising from plan amendments.
Pension Expense
The cost recognized by an employer for maintaining a defined benefit pension plan for its employees.
Defined Benefit Plans
Pension plans that promise a specified retirement benefit amount, which is determined by factors such as salary history and duration of employment.
Interest Cost Component
The portion of pension expense that represents the increase in the projected benefit obligation due to the passage of time.
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