Normal Pension Cost
Barron's Accounting Dictionary:
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Normal Pension Cost
Actuarial present value of benefits attributed by the pension formula to employee service performed during the current year; also called service cost. Normal pension cost is funded dollar for dollar.
See also prior service pension cost.
See also prior service pension cost.
| Normal Equations, Normal Distribution, Normal Costs | |
| Normal Spoilage, Not-Sufficient-Funds Check (nsf check), Note Payable |
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Barron's Accounting Dictionary
Dictionary of Accounting Terms. Copyright © 2010 by Barron's Educational Series, Inc. All rights reserved.
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