Home > Terms > English, UK (UE) > past service cost

past service cost

The increase in the present value of the defined benefit obligation for employee service in prior periods, resulting in the current period from the introduction of, or changes to, post-employment benefits or other long-term employee benefits. Past service cost may be either positive (where benefits are introduced or improved) or negative (where existing benefits are reduced).

0
Collect to Blossary

Member comments

You have to log in to post to discussions.

Terms in the News

Featured Terms

Harry8L
  • 0

    Terms

  • 0

    Blossaries

  • 1

    Followers

Industry/Domain: Geography Category: Cities & towns

Santa Maria

Santa Maria (full name Santa Maria da Boca do Monte) is a city in Rio Grande do Sul in Brazil. It is located at 29 ° 41'03 S latitude and 53 ° 48'25 ...

Featured blossaries

Tanjung's Sample Blossary

Category: Entertainment   1 6 Terms

Firearm Anatomy

Category: Engineering   1 27 Terms

Browers Terms By Category