In May 2007, the GASB amended existing pension disclosure requirements to enhance consistency between disclosures for pensions and disclosures for other postemployment benefits (OPEB). GASB Statement No. 50 essentially amends existing pension disclosure and RSI requirements to bring them into line with their modified OPEB counterparts. Governments may use the aggregate actuarial cost method, which does not provide the data needed to prepare a schedule of funding progress. Employers in single-employer or agent multiple-employer plans that use the aggregate actuarial cost method will be required to prepare the schedule of funding progress with data calculated using the entry-age actuarial cost method. Employers in any type of defined benefit plan will be required to disclose any legal or ...
... in the aggregate, and the actuarial cost method and the actuarial method of valuation of as...
... 24, 2001), concluding that claimed pension costs were not allocable to government contracts. The bo... Kodak used the frozen initial liability actuarial cost method to calculate its annual pension expens...
...PART 31: CONTRACT COST PRINCIPLES AND PROCEDURES. 31.001 - Definitions. AAs used in this part?. Accrued benefit cost method means an actuarial cost method under which units o...
...CHAPTER 99: COST ACCOUNTING STANDARDS BOARD, OFFICE OF FEDERAL PROC...Accrued benefit cost method. See 9904.412-30. Accumulating costs. See 9904.401...Actuarial assumption. See 9904.412-30 or 9904.413-30. Actuar...
...From an accrual accounting perspective, the cost of OPEB, like the cost of pension benefits, genera...* Provide information about the actuarial accrued liabilities for promised benefits associat... valuations as well as for the actuarial methods and assumptions that are acceptable for financial ...
The Office of Federal Procurement Policy (OFPP), Cost Accounting Standards Board (Board), is publishing this final rule to revise Cost Accounting Standard (CAS) 412, ``Composition and Measurement of Pension Cost,'' and CAS 413, ``Adjustment and Allocation of Pension Cost.'' This revision will harmonize the measurement and period assignment of the pension cost allocable to Government contracts, and the minimum required contribution under the Employee Retirement Income Security Act of 1974 (ERISA), as amended, as required by the Pension Protection Act (PPA) of 2006. The PPA amended the minimum funding requirements for qualified defined benefit pension plans. The Board issues this final rule to revise CAS 412 and CAS 413 to include the recognition of a ``minimum actuarial liability'' and `...
...This transition method will apply to all contractors with contracts subje...
...CHAPTER 99 - COST ACCOUNTING STANDARDS BOARD, OFFICE OF FEDERAL PROC...(1) Accrued benefit cost method means an actuarial cost method under which units o...
...For several years, the actuarial community has debated the proper way to calculate ... arguing among themselves over actuarial methods, using actuarial and economics terminology about e...
...CHAPTER 99 - COST ACCOUNTING STANDARDS BOARD, OFFICE OF FEDERAL PROC...(1) Accrued benefit cost method means an actuarial cost method under which units o...
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