Past service cost: Difference between revisions
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''Pensions accounting''. | ''Pensions accounting''. | ||
The increase in the present value of pension scheme liabilities - related to employee service in prior periods - arising in the current period and resulting from the introduction of, or improvement to, retirement benefits. | The increase in the present value of pension scheme liabilities - related to employee service in prior periods - arising in the current period and resulting from the introduction of, or improvement to, retirement benefits. | ||
Also known as ''prior'' service cost. | |||
== See also == | == See also == | ||
* [[Current service cost]] | * [[Current service cost]] | ||
* [[Present value]] | * [[Present value]] | ||
[[Category:Accounting,_tax_and_regulation]] | |||
Latest revision as of 22:17, 10 March 2019
Pensions accounting.
The increase in the present value of pension scheme liabilities - related to employee service in prior periods - arising in the current period and resulting from the introduction of, or improvement to, retirement benefits.
Also known as prior service cost.
