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Pension Plan Assets
The resources set aside by a company to meet future pension obligations to retirees, usually in the form of investments.
Actuarial Assumptions
Hypothetical conditions used for projecting financial or insurance outcomes, involving demographic, economic, and other factors.
Prior Service Cost
The cost associated with the increase in pension benefits related to years of service credited in a pension plan amendment.
Straight-Line Basis
A method of calculating depreciation and amortization by evenly spreading the cost of an asset over its useful life.
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