PENSION PLANS AND OTHER POSTRETIREMENT AND POSTEMPLOYMENT BENEFITS in .NET

Drawer QR Code ISO/IEC18004 in .NET PENSION PLANS AND OTHER POSTRETIREMENT AND POSTEMPLOYMENT BENEFITS
PENSION PLANS AND OTHER POSTRETIREMENT AND POSTEMPLOYMENT BENEFITS
Denso QR Bar Code Scanner In .NET
Using Barcode Control SDK for .NET framework Control to generate, create, read, scan barcode image in .NET applications.
As implied by its name, the expected long-term rate of return on assets should re ect the expected long-term yield on plan assets available for investment during the ensuing year, as well as the reinvestment that yield in subsequent years The discount rate is a snapshot rate determined on the measurement date used for nancial reporting Paragraph 44 of SFAS No 87 states the following:
QR Code Maker In .NET
Using Barcode printer for .NET Control to generate, create QR Code ISO/IEC18004 image in VS .NET applications.
Assumed discount rates shall re ect the rates at which the pension bene ts could be effectively settled It is appropriate in estimating those rates to look to available information about rates implicit in current prices of annuity contracts that could be used to effect settlement of the obligation (including information about available annuity rates currently published by the PBGF) In making those estimates, employers may also look to rates of return on high-quality xedincome investments currently available and expected to be available during the period to maturity of the pension bene ts
Recognize QR Code In Visual Studio .NET
Using Barcode recognizer for VS .NET Control to read, scan read, scan image in Visual Studio .NET applications.
SFAS No 87 was published in 1985 In December of 1990, SFAS No 106 was issued, which said the following in Paragraph 186:
Barcode Creation In Visual Studio .NET
Using Barcode creator for .NET framework Control to generate, create bar code image in .NET applications.
The objective of selecting assumed discount rates is to measure the single amount that, if invested at the measurement date in a portfolio of high-quality debt instruments, would provide the necessary future cash ows to pay the accumulated bene ts when due Notionally, that single amount, the accumulated post-retirement bene t obligation, would equal the current market value of a portfolio of high-quality zero coupon bonds whose maturity dates and amounts would be the same as the timing and amount of the expected future bene t payments
Decode Barcode In .NET
Using Barcode recognizer for .NET framework Control to read, scan read, scan image in Visual Studio .NET applications.
For SFAS No 106, the concept of settling obligations using annuities is not usually applicable, so the method for selecting discount rates could not use exactly the same method as SFAS No 87 But both refer to high-quality investments The Chief Accountant of the Securities and Exchange Commission (SEC) announced the following in a 1993 letter to the Chairman of the EITF at the FASB:
Generating Quick Response Code In Visual C#
Using Barcode encoder for .NET framework Control to generate, create QR Code image in .NET applications.
The SEC staff believes that the guidance that is provided in paragraph 186 of FASB 106 for selecting discount rates to measure the post-retirement bene t obligation also is appropriate guidance for measuring the pension bene t obligation
QR Code Printer In VS .NET
Using Barcode generation for ASP.NET Control to generate, create QR Code JIS X 0510 image in ASP.NET applications.
Thus, the SEC suggests that SFAS No 106 s method for estimating a discount rate should be used for SFAS No 87 purposes Paragraph 186 of SFAS No 106 can be adapted easily for pension purposes by changing accumulated post-retirement bene t obligation to projected bene t obligation (PBO) The SEC also clari ed the term high quality in this letter, indicating that any bond receiving one of two highest ratings given by a recognized rating agency (Moody s Aaa and Aa for example) would be deemed to be high quality (iv) Consistency The Statement suggests some consistency among the assumptions used to calculate plan liabilities In practice this means that identical components of nancial assumptions generally should be used For example, the assumed rate of increase in salaries and the rate of increase in Social Security bene ts both have an in ation component, so as one increases due to expected in ation, so should the other Notwithstanding the preceding paragraph, the Statement does not require an employer to adopt any speci c method of selecting the assumptions Instead, SFAS No 87 requires the assumptions to be the employer s best estimates Therefore, it is not deemed a change in accounting principle, as de ned in APB Opinion No 20, Accounting Changes, if an employer should change its basis of selecting the assumed discount rate, for example, from high-quality bond rates to annuity purchase rates The change in liabilities due to a change in assumptions goes into unrecognized net gain or loss, hence the amount of unrecognized net gain or loss is one of the best indicators of the reasonableness of assumptions under the plan If the assumptions are reasonable, the gains and losses should offset each other in the long term Therefore, when a plan has a pattern of
Denso QR Bar Code Encoder In Visual Basic .NET
Using Barcode drawer for .NET framework Control to generate, create QR image in VS .NET applications.
Draw EAN13 In VS .NET
Using Barcode encoder for .NET Control to generate, create EAN-13 image in .NET applications.
GS1-128 Creator In .NET Framework
Using Barcode creation for VS .NET Control to generate, create USS-128 image in .NET applications.
Barcode Scanner In .NET
Using Barcode recognizer for .NET Control to read, scan read, scan image in .NET framework applications.
Draw Barcode In VB.NET
Using Barcode drawer for .NET framework Control to generate, create barcode image in .NET applications.
Making UCC - 12 In Visual C#
Using Barcode creator for Visual Studio .NET Control to generate, create USS-128 image in Visual Studio .NET applications.
EAN128 Maker In Java
Using Barcode creator for Java Control to generate, create UCC.EAN - 128 image in Java applications.