Postemployment benefits: choosing assumptions and implementing SFAS 106
Article Abstract:
Statement of Financial Accounting Standards No. 106 (SFAS 106) outlining methodology for accounting postemployment benefits besides pensions was issued by the Financial AccountingStandards Board in 1990. SFAS 106 includes modifying accounting procedures frompay-as-you-go or cash basis to accrual basis. Valuation results and a summary of assumptions are presented. The emphasis on retiree health has forced many employers to evaluate their benefits, the reason for having such and their ability to pay the cost of these benefits.
Publication Name: Compensation & Benefits Management
Subject: Insurance
ISSN: 0748-061X
Year: 1992
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Postemployment benefits
Article Abstract:
Some companies are using holding action strategies for benefit plans of theirretirees. They have reduced costs by increasing cost-sharing, reducingbenefits and controlling benefit eligibility. However, state and marketplace reform will be a major activity. Sponsors of retiree plans should capitalize on the market place. Effective purchasing is required, not radical plan design change. Sponsors should employ these strategies as the issue over public policy and national reform continues.
Publication Name: Compensation & Benefits Management
Subject: Insurance
ISSN: 0748-061X
Year: 1995
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Trends in retiree health care costs
Article Abstract:
An analysis is presented on net periodic postretirement benefit costs, consisting of amortizations, return on assets, interest cost and service cost. Findings show that medical cost hikes for retirees have slowed since the early 1990s, but are expected to become more volatile due in part to anticipated changes in Medicare and an increasingly older population.
Publication Name: Compensation & Benefits Management
Subject: Insurance
ISSN: 0748-061X
Year: 1998
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