Pension Plan Liability Reserve

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Pension Plan Liability Reserve
Pension Plan Liability Reserve Pension Liability Employee Benefits Retirement Planning Corporate Finance Liability Management Pension Funds Financial Accounting
An obligation recognized by the employer for the future liability to make annuity payments to employees. The reserve is typically a liability when it results from charging a pension expense. However, in a revocable plan, the reserve is considered an appropriation of retained earnings regardless of whether it affects specific assets.
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