Past service cost: Difference between revisions
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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. | |||
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.
