Division Recognition and measurement: present value of defined benefit obligations and current service costF1

United Kingdom Repealed

1. 66The ultimate cost of a defined benefit plan may be influenced by many variables, such as final salaries, employee turnover and mortality, employee contributions and medical cost trends. The ultimate cost of the plan is uncertain and this uncertainty is likely to persist over a long period of time. In order to measure the present value of the post-employment benefit obligations and the related current service cost, it is necessary:
2. Actuarial valuation method
3. Attributing benefit to periods of service
4. Actuarial assumptions
5. Actuarial assumptions: mortality
6. Actuarial assumptions: discount rate
7. Actuarial assumptions: salaries, benefits and medical costs