Individual Level Cost Method

Definition of "Individual level cost method"

Ali Abree real estate agent
Ali Abree, Real Estate Agent Re/Max Gold Coast Realtors

Means, in pension plans, by which a projection is made of benefits credited to each employee's account at retirement age. Costs are then allocated on a level basis over a specified future period of time. This cost method can be classified according to whether there is or is not a supplemental liability.


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