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Employee Benefits Design and Compensation (Collection)
book

Employee Benefits Design and Compensation (Collection)

by Biswas
May 2014
Intermediate to advanced content levelIntermediate to advanced
785 pages
17h 13m
English
Pearson
Content preview from Employee Benefits Design and Compensation (Collection)

5. Retirement Plans

Aims and objectives of this chapter:

• Briefly introduce the concept of pension plans and their importance

• Explain two types of pension plans: defined contribution plans and defined benefit pension plans

• Discuss the influence of the Employee Retirement Income Security Act

• Discuss the accounting issues related to defined contribution plans and defined benefit pension plans

• Explain pension benefit obligations

• Explain pension plan assets and expenses

• Discuss the financial reporting of pension plans

• Address the accounting recordkeeping of pension plans

Pension plans pay a pivotal role in the economy because they are the principal device used by individuals—either through organizationally sponsored arrangements or ...

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Publisher Resources

ISBN: 9780133764710