Climate risk and Deficit: Difference between pages
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'' | 1. ''Pensions accounting.'' | ||
The excess of liabilities over assets in a funded Defined benefit pension scheme; also known as under-funding. | |||
'''Example''' | |||
Pension liabilities = 100. | |||
The | Pension assets = 90. | ||
The deficit would be: | |||
100 - 90 | |||
= 10. | |||
(Not to be confused with the percentage ''funding level'' which in this example would be 90 / 100 = 90%.) | |||
2. More generally, any financial shortfall. | |||
== See also == | == See also == | ||
* [[ | * [[Amortisation]] | ||
* [[ | * [[Fiscal deficit]] | ||
* [[ | * [[FRS 17]] | ||
* [[ | * [[Funding level]] | ||
* [[ | * [[Multicurrency cross-border pooling]] | ||
* [[ | * [[Multicurrency one-country pooling]] | ||
* [[ | * [[Surplus]] | ||
Revision as of 15:36, 21 March 2015
1. Pensions accounting.
The excess of liabilities over assets in a funded Defined benefit pension scheme; also known as under-funding.
Example
Pension liabilities = 100.
Pension assets = 90.
The deficit would be:
100 - 90
= 10.
(Not to be confused with the percentage funding level which in this example would be 90 / 100 = 90%.)
2. More generally, any financial shortfall.