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 ?

It must also clearly describe the reasons for actuarial gains and losses from the previous year, and any changes in assumptions and their impacts.

Provision of Actuarial Services for Pension and Retiree Medical Plans

The most far-reaching change is that actuarial gains and losses will be immediately reported in other comprehensive income (OCI) and will no longer be amortized to earnings.

A new reality ahead for pension accounting: the recession's aftermath and IAS 19R prompt changes in accounting practices

Then, the adjusting entry will create accounts as needed for accumulated other comprehensive income items describing deferred prior service costs and actuarial gains and losses.

Perfect storm prompts changes in pension accounting: postretirement obligations move to financial statements while FASB considers more comprehensive changes to underlying measurements

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.

Stora Enso Oyj announces non-recurring items for Q4 2006

These actuarial gains and losses are amortized if they exceed 10 percent of the greater of the PBO or Plan Assets.

Pension Expense? What Pension Expense?

The IASC has gone beyond the FASB, moving toward faster or immediate recognition of certain actuarial gains and losses and plan amendments something once proposed by the FASB but not adopted in its "evolution" of benefits accounting standards.

Accounting for benefits the global way

The Group recognises actuarial gains and losses immediately in shareholders' equity as of January 1st 2006 and thus replaces the corridor policy allowing deferred recognition of net actuarial gains and losses.

ARCELOR: 2006 Annual Results

One amendment, to IAS 19, Employee Benefits, allows entities to fully recognize actuarial gains and losses (that is, unexpected changes in a benefit plan's value) in the period in which they occur, outside profit or loss, in a statement of changes in equity titled "statement of recognized income and expense.

The International Accounting Standards Board (IASB) amended two international accounting standards (IASs) (www.iasb.org/news)

gives rise to actuarial gains and losses and the repricing of the liability.

Time for realism in accounting for employers' pension plans

That is, it should not be included with other actuarial gains and losses accounted for under the delayed recognition provisions of the statement.

Your retiree health benefits plan: good design, safe funding

The Group will recognize the net liability for defined benefit post retirement schemes on the Balance Sheet and will take actuarial gains and losses on a systematic basis to the Profit and Loss Account, in accordance with the permitted methods of recognition under the standard.

AMVESCAP Holds Briefing on Transition to International Financial Reporting Standards

In subsequent years, additional components of expense may be needed for amortizations of actuarial gains and losses and prior service costs arising from plan amendments.