1 A B C D E F G H I J K L M N O P Q R S T U V W

Settlement

Settlement of the employee benefit obligations – Definitions relating to defined benefit cost

A settlement is a transaction that eliminates all further legal or constructive obligations for part or all of the benefits provided under a defined benefit plan, other than a payment of benefits to, or on behalf of, employees that is set out in the terms of the plan and included in the actuarial assumptions.

 

 

 

 

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