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Stephen Widberg.
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rashard
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Hi Chris/ Stephen,
How is the pension liability calculated? In the Kaplan book it is given salary at retirement * (no.of years worked/60 years) and discounted to PV. So the calculations are done when the employees leave the company? If so, how does it change the value of obligations when a curtailment occurs?
Stephen Widberg
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Actuaries do all horrid calculations.
If Q says that the liability goes up or down by 10 because of curtailment, treat it like any other service cost:
Dr or Cr P&L
Dr or Cr Liability.
rashard
Stephen WidbergViewing 2 posts - 1 through 2 (of 2 total)
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