Actuarial Gains and Losses

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Actuarial Gains and Losses

The actual amount a company pays on its pensions compared to previous estimates. An actuarial gain occurs if the company pays less than it thought it would, while an actuarial loss happens if it pays more than expected. Actuarial gains and losses may result in a change to a company's actuarial assumptions. See also: Actuarial adjustment.
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STFC had been pooling the net liabilities and the unrecognized actuarial gains and losses along with prior service costs recorded in accumulated other comprehensive income for pension and postretirement benefits to affiliated companies pursuant to a quota share reinsurance agreement or pooling agreement.
Differences between actual and assumed rates of return, or changes in future benefits, result in actuarial gains and losses that are amortized into expense and contribution rates over time.
We also adjust for net actuarial gains or losses associated with our pension and postemployment benefit plans due to the often significant impact on our fourth-quarter results (we immediately recognize this gain or loss in the income statement, pursuant to our accounting policy for the recognition of actuarial gains and losses.) Consequently, our adjusted results reflect an expected return on plan assets rather than the actual return on plan assets, as included in the GAAP measure of income.
Operating expenses reflect actuarial gains and losses on benefit plans and were $122.0 billion compared with $120.2 billion, up 1.5%; net income attributable to AT&T was $13.3 billion versus $6.4 billion; and earnings per diluted share was $2.37, compared with $1.24.
According to the company, it had changed its method of accounting for asset and actuarial gains and losses for its pension and postretirement plans in the fourth quarter of 2013.
Accounting for defined benefit plan obligations and assets would appear to follow existing GAAP rather than the new International Accounting Standard revision 19 (IAS 19 R), with prior service costs and actuarial gains and losses still being amortized into earnings.
(4.) For the sake of simplicity, the contribution model diagrams omit certain components such as benefit payments, which come out of both sides equally, and actuarial gains and losses on the liability side, which are not typically large.
A different treatment is also given to the recognition of actuarial gains and losses and foreign-exchange differences.
Pension reversals amounted to PRs3.2bn in 2010 (2009: PRs3.9bn) with unrecognized actuarial gains now standing at PRs2.6bn as of 2010 end.
According to the announcement, with CMC's method for interest rate smoothing, it is possible to increase contributions during good economic times, reduce contributions during bad economic times, retain actuarial gains to offset losses, maintain actuarial soundness, and comply with Governmental Accounting Standards Board (GASB) and actuarial standards of practice.
A portion of the accumulated actuarial gains or losses caused by the retiree drug subsidy will be recorded in accumulated other comprehensive income.
Although the city's pension fund had actuarial gains of $55 million last year, its unfunded actuarial accrued liability increased, according to City Auditor James A.
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