Guest JBY Posted January 28, 2010 Posted January 28, 2010 In determining net periodic pension cost as of the measurement date: 1/1/2010 What expected distribution is used - actual distribution for the period 1/1/2009 - 12/31/2009 or expected distribution for 2010 which is usually produced by the valuation run Secondly is the expected contribution(weighted) measured between 1/1/2010 - 12/31/2010 thanks
Effen Posted January 28, 2010 Posted January 28, 2010 We generally use expected benefit payments for the expected benefit payments. In other words, what you expect to pay during 2010. I didn't really understand your second question, but generally the expected contributions is also what you expect will be contributed during the next fiscal year. The material provided and the opinions expressed in this post are for general informational purposes only and should not be used or relied upon as the basis for any action or inaction. You should obtain appropriate tax, legal, or other professional advice.
david rigby Posted January 28, 2010 Posted January 28, 2010 Agreed. w/r/t second question, if the contribution is expected after 12/31/2010, then the weighting is zero. I'm a retirement actuary. Nothing about my comments is intended or should be construed as investment, tax, legal or accounting advice. Occasionally, but not all the time, it might be reasonable to interpret my comments as actuarial or consulting advice.
quinnfield Posted January 28, 2010 Posted January 28, 2010 And in a perfect world, your expected benefit payments used in the calculation of the FAS87 pension expense should match to what you reported in the benefit payment schedule in the FAS158 disclosure report.
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