pension cost

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.
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Under this wording glitch, pension cost would include a component for the actual return on the market value of plan assets, determined as of the end of the accounting period, without any offsetting entry in any other component of pension cost.
Beginning in 1989, Statement 87 is requiring companies with plans in which the accumulated benefit obligation (ABO) exceeds the sum of pension assets and unfunded accrued pension cost to show additional balance sheet liabilities to account for the deficit.
For fiscal periods ending after February 15, 1999, the net periodic pension cost will reflect the actual return on assets held by corporate pension funds.
To determine whether an additional minimum liability must be recognized, the amount determined at December 31, 1988, is compared to any prepaid or accrued pension amount recorded on that December 31 balance sheet as a result of differences between net periodic pension cost recorded under Statement 87 and contributions to the plan.
Sole and agent employers would be required to measure and disclose an amount for annual pension cost based on the parameters, regardless of the amount contributed and recognized in the financial statements.
Prepaid pension costs arise if employers contribute an amount in excess of the net pension costs, and accrued pension costs represent the accumulated net pension cost not yet funded by employers.
Glendale's pension cost for public-safety employees is expected to reach $13.
In its Fiscal Risks Statement 2017 report, the DBCC noted that the 'problem' of escalating an pension cost for uniformed personnel was mainly attributable to the features present in all existing retirement laws of the uniformed services.
At the last count 2015/2016 the state pension cost PS90bn plus administration costs of PS75bn.
But he pointed to the county's decision to not spend funds that were saved due to statewide public employee pension cost curbing reforms enacted by the Oregon Legislature in 2013.
The Defense Department, meanwhile, turned a blind eye to the growing pension cost deficit, and steadfastly refused to allow contractors to begin including their increased pension contributions in the price of their government contracts.
Under SFAS 87, prepaid or accrued pension cost, which is the net of a firm's pension assets, liabilities, and unrecognized amounts, is reported on the balance sheet.
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