Past service cost: Difference between revisions

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''Pensions accounting''.
''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.
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.


== See also ==
== See also ==
* [[Current service cost]]
* [[Current service cost]]
* [[Present value]]
* [[Present value]]


[[Category:Accounting,_tax_and_regulation]]

Latest 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.


See also