pension cost

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Pension Cost

The expense that a company incurs each year by providing a pension plan for its employees. Major expenses in the pension cost include employer matching contributions, management fees, and so forth.

pension cost

The annual cost incurred by a firm in providing its employees with a pension plan.
References in periodicals archive ?
FAS/CAS pension income reflects an approximate $55 million reduction in CAS pension costs due to the enactment of The Highway and Transportation Funding Act of 2014 (HATFA), which lowered earnings by $35 million, or $0.
One of 10 states to receive high marks for success; pension costs continue to burden taxpayers
Lufthansa wants to cut pension costs Lufthansa wants to cut pension costs by dropping its current retirement plan and replace it with a new scheme where payments to staff are linked to investment performance.
The mayor said that the pension costs of NYC increased to 6.
In full election-year mode, news media have been awash in articles, blogs and reports urging Congress to stop the "corporate welfare" of reimbursing federal contractors' pension costs.
5million handed out in pension costs this year to those workers.
This decline was attributed to the impact of the economic recession on air traffic volumes and increased operating costs, mainly due to higher pension costs and staff pay.
Borough and town councils, police and fire authorities should be required to publish their full pension costs each year in the annual council tax statements.
A model GAO developed to simulate the fiscal outlook for state and local governments indicates that, for the sector as a whole, (1) estimated future pension costs (currently about 9 percent of employee pay) would require an increase in annual government contribution rates of less than a half percent, and (2) estimated future retiree health care costs (currently about 2 percent of employee pay) would more than double by the year 2050 if they continue to be funded on a pay-as-you-go basis.
WORCESTER - With the city facing escalating employee health insurance and pension costs in coming years, the City Council has broached the idea of whether certain municipal operations can be privatized.
Chairman Allan Leigh-ton and chief executive Adam Crozier said that the combination of pension costs, revenue decline through losses to competition and the overall fall in mail volumes meant Royal Mail's letters division was heading towards break-even in the current financial year.
Two out of five said pension costs had forced them to cut back on other employee benefits and almost a third reported they had reduced investment.
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