Examlex
Informally,the _____ hypothesis can be thought of as the hypothesis of _____.
Prior Service Cost
Costs that arise when a pension plan is amended to increase benefits for employee service provided in prior periods, recognized over the service periods of affected employees.
Unrecognized Prior Service Cost
Costs associated with retroactive benefits granted in pension plans, which are not immediately recognized as an expense but are amortized over time.
Years-Of-Future-Service Method
An actuarial technique used to calculate pension benefits, taking into account the expected years of service remaining for an employee.
Defined Benefit Pension Plan
A retirement plan where employee benefits are calculated using a formula that considers several factors, such as length of employment and salary history, with the employer bearing the investment risk.
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