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Compensation and Benefit Design: Applying Finance and Accounting Principles to Global Human Resource Management Systems by Bashker D. Biswas

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10. The Accounting and Financing of Retirement Plans

Aims and objectives of this chapter

• Establish a framework for employer-sponsored pension plans

• Further explain the difference between defined-benefit and defined-contribution pension plans

• Discuss the accounting for pension plans

• Review the accounting of defined contribution pension plans

• Explain accounting issues surrounding loans under defined contribution pension plans

• Discuss the accounting of defined benefit pension plans

• Explain the concept of income-replacement ratio

• Explain the reasons for the decrease in the use of defined benefit pension plans

• Explain the role of the actuary in the determination of defined benefit plan costs

• Discuss all the components involved ...

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