Subscribe (Free) to
Daily or Weekly Newsletters
Post a Job

Featured Jobs

Pension Consultant

Randall & Hurley, Inc.
(Remote / Liberty Lake WA / Helena MT)

Randall & Hurley, Inc. logo

Education Consultant

(Remote / Putnam Valley NY)

Pentegra logo

Senior Defined Benefits Consultant

Loren D. Stark Company

Loren D. Stark Company logo

Plan Compliance Analyst (Administrator)


RPA logo

Client Service Specialist

EPIC Retirement Plan Services
(Remote / Norwich NY)

EPIC Retirement Plan Services logo

Retirement Plan Administrator - Senior Associate

(Norfolk VA)

PBMares logo

Retirement Plan Administrator

Excellent TPA

View More Employee Benefits Jobs

Free Newsletters

“BenefitsLink continues to be the most valuable resource we have at the firm.”

-- An attorney subscriber

Mobile App image LinkedIn icon
Twitter icon
Facebook icon

<< Previous news item   |   Next news item >>

Longer Life Expectancies May Increase Benefit Obligations
Moss Adams LLPLink to more items from this source
Mar. 2, 2015

"You aren't required to use the new mortality tables when preparing the year-end benefit obligation accrual; other available information may represent a better estimate of mortality for the population of participants in your plan. However, you are required under generally accepted accounting principles (GAAP) to use your best estimate when measuring the benefit obligation, and in making that estimate, to consider all available information through the issuance date. Your auditors will want you to provide them with documentation that the selected mortality assumptions result in the best estimate of expected mortality for plan participants based on conditions existing as of the measurement date."

Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the link above).
An important word about authorship: BenefitsLink® is providing a hypertext link to the item shown above, but is not the author of the item (unless otherwise specified).
© 2022, Inc.