Pensions: Contributions of Associates
On page 114 of the CFA FSA book, it says that the "economic periodic costs of a company's DB pension plan can be calculated... by summing each item (other than benefits paid) that increases or decreases the pension obligation and deducting actual returns on pension assets."
This makes perfect sense to me. However, in Example 7, which starts on page 119, the author computes the economic cost as the change in the pension obligation - benefit payments - contributions of associates. (Note that benefit payments is negative, so subtracting increases the resulting number.)
What is "contributions of associates" in this context? Are there any other items that need to be backed out of the pension obligation that the author neglected to mention at p. 114?
Thanks. |
发表于 2011-7-13 14:11
| 