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Employee benefits

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › Employee benefits

  • This topic has 1 reply, 2 voices, and was last updated 4 years ago by Stephen Widberg.
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  • Author
    Posts
  • May 11, 2021 at 10:12 am #620289
    rashard
    Participant
    • Topics: 17
    • Replies: 32
    • ☆

    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?

    May 11, 2021 at 11:21 am #620294
    Stephen Widberg
    Keymaster
    • Topics: 16
    • Replies: 3411
    • ☆☆☆☆☆

    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.

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