SAT case 14-1-power Point-2010

SAT case 14-1-power Point-2010 - RaySwetnam & AnshuSinha

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Ray Swetnam  Anshu Sinha
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Defined Contribution Plans Defined Benefit Plans
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Predetermined amount of contribution is  contributed to plan each accounting period Plan makes no promises about the benefits to be  paid to the employees in the future Retirement benefits received are determined by  the return earned on the invested funds during the  investment period
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Specifies the pension benefit to be paid to plan  recipients in the future Sufficient contributions must be made by the employer  to the funding agency to meet benefit requirements No specific amount is required to be funded in each  period Employee Retirement Income Security Act imposes  minimum funding requirements 
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Cost Approach Benefit Approach
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Estimates the total retirement benefits to be paid  in the future Determines the equal annual payments  required  to fund the benefits
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This note was uploaded on 06/04/2010 for the course ACCT 5120 taught by Professor Drstone during the Spring '10 term at UCM.

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SAT case 14-1-power Point-2010 - RaySwetnam & AnshuSinha

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