Past Service Liabilityinitial

Definition of "Past service liability—initial"

Maryum Oliver-Felix
Maryum Oliver-Felix American Realty Professionals of GA

Funding of an employee's benefits in a pension plan for his or her beginning past service of employment. This is a significant cost factor in pension planning and financing of future benefits.

Have a question or comment? We're here to help.

*** Your email address will remain confidential.

Search Real Estate Terms

Popular Real Estate Terms

Popular Real Estate FAQ