What is fully funded pension plan?

Q: what is pension plan asset?

A: Definition : The term pension plan assets refer to the funds a corporation can use to satisfy its…

Q: What is the role of an actuary relative to pension plans?What are actuarial assumptions?

A: An actuarial valuation is a kind of evaluation and appraisal of the assets and liabilities of…

Q: are the key accounting issues in determining the

A: Pension Accounting Many organisations provide additional benefits to their employees in addition to…

Q: Define benefit pension plans.

A: Pension plan Pension plan is an agreement between the employer and employee. After the retirement of…

Q: Explain how a defined contribution pension plan works.

A: Pension: Pension is a cash payment given to the employees at the time of their retirement. The…

Q: What are the basic factors that should be considered when establishing anindividual retirement plan?

A: A plan according to which an employer contributes some amount in the pool of funds that is kept…

Q: Why is pension plan underfunding not a concern in your present employment?

A: Definition of pension plan: This is the plan devised by corporations to pay the employees an income…

Q: Which type of pension plan would you prefer to be covered under (i.e., defined benefit, defined…

A: In this there are many types of pension plans available and each have own characteristics.

Q: Differentiate between “accounting for the employer” and “accounting for the pension fund.”

A: Pension: A fixed sum of money, receivable in future or after the age of retirement, which the…

Q: What does the “pension asset” represent? Are you interviewing with a company whose pension plan is…

A: Pension Obligation: It refers to the commitment provided by the employer to pay its employees, the…

Q: How should gains or losses related to pension plan assets be recognized? How does this treatment…

A:

Q: Explain pension fund

A: Pension funds, also known as retirement funds, are investment options that allow an individual to…

Q: Define prior service cost. How is it reported in the financial statements? How is it included in…

A: Pension:  A pension is a type of retirement plan in which an employer makes a contribution to a pool…

Q: Describe the Settlement or Curtailment of Pension Plans.

A:

Q: What is the 2021 pension expense?

A: Pension expense (PE) refers to those expenses which are charged by the company in relation to pay…

Q: What does the Pension Benefit Guaranty Corporation provides?

A: Pension: Pension refers to a cash payment given to the employees at the time of their retirement.…

Q: Define unfunded pension liability

A: Pension Liability:   Pension liability refers to the amount of money that a private company,…

Q: What is meant by “past service cost”? When is past service cost recognized as pension expense?

A: Prior Service Cost- When an employee is granted a pension revision, the amount of benefit earned…

Q: What is an actuary? What is the actuary’s role in pension administration

A: Actuaries are highly experienced specialists who handle issues such as determining premium pricing…

Q: In what ways are pension plans and other post-retirement benefit plans different, if at all

A: Here is the Answer for In what ways are pension plans and other post-retirement benefit plans…

Q: The financial disclosures related to a pension plan should include

A: Introduction As per relevant standard if there is any pension plan entity needs to disclose the…

Q: What are the major differences between post-retirement healthcare benefits and pension benefits?

A: For the benefits of pension, it is fixed with the contract terms and only the term is not known. And…

Q: Define Pension plan assets.

A: Payroll: Payroll refers to the total amount that is required to be paid by the company to its…

Q: Which of the following types of pension plan will provide benefits that are dependent on the return…

A: Defined Contribution Plan Defined contribution plan which allows the employees and the employer to…

Q: How does accounting for postretirement benefits similar in most respects to accounting for pension…

A: Pension plan: This is the plan devised by corporations to pay the employees an income after their…

Q: What is a pension plan? What motivates a corporation to offer a pension plan for its employees?

A: Pension:   A fixed sum of money, receivable in future or after the age of retirement, which the…

Q: When it comes to pension plans and other postretirement benefit schemes, what assumptions are made…

A: The answer

Q: Explain Pension Benefit Guarantee Corporation

A: Pension fund: A fixed sum of money is receivable in future or after the age of retirement, which the…

Q: What are the changes that affect the pension expense?

A: The net periodic pension costs includes: 1. Current service cost 2. Past service cost 3. Interest…

Q: What is a pension plan?

A:

Q: Describe the obligations of pension.

A: A pension is a plan of retirement that requires contribution from both the employer & the…

Q: What is meant by “prior service cost”? When is prior servicecost recognized as pension expense?

A: Prior service cost: The change in the amount of projected benefit due to changes in the act or rules…

Q: In what ways are pension plans and other post-retirement benefit programs different, and why

A: This question explains about  pension plans and other post-retirement benefit programs different,…

Q: Explain Valuation of Pension Obligations.

A: Pension obligations: Pension obligations of an employer under a defined benefit plan are to be found…

Q: What exactly does "previous service cost" mean? When is past service cost recognized as a pension…

A: This question about  describes "Previous service cost" might indicate several different things. When…

Employee Benefits

In an organization employees are the most important resource and most important asset. They can lead an organization to the sky or can be the reason for unsuccessful of business. Therefore, it is very much important that employees of an organization should be satisfied by the environment of the organization and most importantly with the salary, wages incentives, etc.