Past Service Liability—initial

Definition of "Past service liability—initial"

Wesley Green IV  real estate agent
Wesley Green IV , Real Estate Agent Century 21 Redwood Realty

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.


Popular Insurance Terms

Popular Insurance Questions