Actuarial Gains and Losses

(redirected from Actuarial Gains)

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.
References in periodicals archive ?
Operating expenses reflect actuarial gains and losses on benefit plans and were $122.
It disclosed the following in its 2011 Form 10-K: "Under our new accounting methods, we will recognize changes in the fair value of plan assets and net actuarial gains or losses in excess of the corridor annually in the fourth quarter each year.
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.
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.
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.
lt;p>The author of the report, Samuel Sender, Applied Research Manager with EDHEC-Risk, puts forward the following arguments in this position paper: <p>EDHEC firmly warns the IASB against the temptation to suppress the corridor approach, whereby actuarial gains and losses which fall within a corridor need not be recognised, as this would lead to a significant reduction in holdings of risky assets in pension funds;
Stora Enso also said that it has changed its accounting policy with respect to the recognition of actuarial gains and losses arising from defined benefit pension plans.