Define the following terms as they apply to pension plans


Define the following terms as they apply to pension plans and other postemployment benefit plans:
1. Defined benefit plan
2. Defined contribution plan
3. Other postemployment benefits
4. Annual required contribution
5. Unfunded actuarial accrued liability
6. Net pension obligation

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Accounting Basics: Define the following terms as they apply to pension plans
Reference No:- TGS01156699

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