professor in your video lecture on pensions you say that service cost for an employee working at the factory for 5 years will be less than for an employee working at the factory fro 6 years, can you explain why so?
this is just a question out of curiosity if you don't mind answering...
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pensions lec 1
I probably meant that the liability will be greater for 6 years because 6 years of service cost will have built up
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