Postretirement Benefits

From LinkedAUB Collab
Jump to navigation Jump to search

Description

Benefits that will be paid to retired workers. The present value of the future benefits earned by workers during the current period is an expense of the period. If not fully funded, this expense results in a liability for unfunded postretirement benefits. (For many companies, these liabilities have become very large.)

Concept Prerequisite

Wikipedia Reference

Learning Material

Covered in Topic(s)

 
Liabilities