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Unformatted text preview: predict. Level of cost varies geographically and fluctuates over time. Additionally, although healthcare benefits are generally covered by the fiduciary and reporting standards for employee benefit funds under ERISA, the stringent minimum vesting, participation, and funding standards that apply to pensions do not apply to healthcare benefits. Q33. What is the difference between the APBO and the EPBO? What are the components of postretirement expense EPBO (expected postretirement benefit obligation) is the actuarys present value of all benefits expected to be paid after retirement, while APBO (accumulated postretirement benefit obligation) is the actuarial present value of future benefits attributed to employees services rendered to a particular date. The components of postretirement expense are service cost, interest cost, expected return on plan assets, amortization of prior service cost, and gains and losses....
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- Spring '10