Pension liabilities

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Pension liabilities

Future liabilities resulting from pension commitments made by a corporation. Accounting for pension liabilities varies widely by country.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Pension Liabilities

Future payouts that a pension is obligated to make. A pension run by a company that has a large number of workers nearing retirement has more liabilities than one run by a company with a smaller eligible workforce. Accounting for pension liabilities varies from country to country.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
Consequently, if the nonemployer is a government, its financial statements will reflect its proportionate share of the employer's net pension liability, deferred outflows and inflows of resources, and pension expense.
Before the economic meltdown, he said, there wasn't much concern about the issue, but now bond rating agencies are beginning to include pension liability in their analyses, which will affect borrowing costs.
7 Calculating Pension Liability -- Reconcile estimated needs with the projected returns and see if projections are realistic.
Merseyside police has a pension liability of pounds 1.32bn, which is the total amount of money the force owes to retired officers and the potential bill for its serving officers.
Coun John Alden, a Conservative member of the authority, said he feared the pension liability could lead to Government commissioners being appointed to take over management of the fire service in the region.
Examples of comprehensive income items include adjustments for foreign currency translation and minimum pension liability' as well as unrealized gains and losses on available-for-sale securities.
after all, if some seven million active-duty and retired federal employees can produce and unfunded pension liability of $1 trillion, think of the possibilities for their 13 million counterparts at the state and local level.
One notable recent exception was Spartanburg Regional Health Services (SRHS) that Fitch recently downgraded to 'BBB' citing high overall leverage including a large unfunded pension liability reported in its most recent financial statements.
* Whether it is necessary to comply with actuarial standards when selecting the assumptions used to estimate the total pension liability.
Most governments will have to report a net pension liability on their financial statements for the first time; for many governments, the size of the liability will be significant.
This extra year equates to an estimated pounds 20bn extra in pension liability on top of a collective liability of around pounds 500bn for all quoted companies in the UK.