Home > Terms > English, UK (UE) > past service cost

past service cost

The increase in the present value of the defined benefit obligation for employee service in prior periods, resulting in the current period from the introduction of, or changes to, post-employment benefits or other long-term employee benefits. Past service cost may be either positive (where benefits are introduced or improved) or negative (where existing benefits are reduced).

0
Collect to Blossary

Member comments

You have to log in to post to discussions.

Terms in the News

Featured Terms

Harry8L
  • 0

    Terms

  • 0

    Blossaries

  • 1

    Followers

Industry/Domain: Animals Category: Dogs

Pit Bull

A Pit Bull is a medium-sized, solidly built, short haired dog characterized with a large, broad head. Known for their intelligence and loyalty, a Pit ...

Featured blossaries

accountancy

Category: Business   1 20 Terms

Tesla Model S

Category: Technology   2 5 Terms