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标题: Pensions - without referring to notes [打印本页]

作者: svgleeson 时间: 2011-7-11 19:35 标题: Pensions - without referring to notes

Define the following important terms:

1. Pension expense (reported on financial statements)

2. Economic pension expense (what pension expense actually is)

3. Actual return on plan assets (if not given)

作者: sameeragarwal 时间: 2011-7-11 19:35

1. Smoothed expense figure that is basically meaningless. Used only as a smoothing mechanism to stabalize earnings
PV PBO + actuarial gains - past service costs - FV Pension assets

2. Actual pension expenses for period. (PBO1 - PBO0) - Empl. conribs - (PBA1 - PBA0)
or empl. contrib - incr. in net funded status

3. unrealized gains + divs + realized gains + int. income

作者: Houjichasan 时间: 2011-7-11 19:35

Pension Expense =
Current Service Cost
+ Interest Cost
- Expected Return on Assets
+/- Amortization of (gain) or losses
+ Amortization of past service costs

Economic Pension Expense =
Change in Funded status - Employer contributions
OR
Change in PBO (exluding Benefits Paid) - Actual Return on Plan Assets

Actual Return on Plan Assets? Is a formula given? Wouldn't this just be what is earned by the investments? Or you could you the reconciliation of plan assets to extrapolate this number if given the right info.

作者: firat 时间: 2011-7-11 19:35

Sorry for the typo....the last question/statement s/b

Or you could use....

作者: iteracom 时间: 2011-7-11 19:35

kris10 - correct

3. Actual return on plan assets (if not given) =

Change in plan assets
less: contributions
plus: benefits paid

作者: FinancialAnaly 时间: 2011-7-11 19:35

+Amortization of Losses -Amortization of gains... (just to be clear).

CP

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