Individual Level Cost Method With Supplemental Liability

Definition of "Individual level cost method with supplemental liability"

Margaret York, Broker real estate agent
Margaret York, Broker, Real Estate Agent Margaret York Premier Properties

Means of projecting the costs of pension plans on a level basis over a specified future period of time. The actuarial value of each employee's future benefits to be paid at retirement is determined (beginning with the first day an employee could have joined the pension plan, had it been in effect at that time thereby creating a supplemental liability), and their costs are spread equally over the remaining work experience of the employee.

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