Definition for : Net pension costs

Net pension Costs on the Income statement for a given year are mainly composed of a Service cost; an Interest Cost; an Expected return on Assets; an Amortisation of unrecognised Profit or loss on the pension plan Assets if they exceed 10% of the projected benefit obligation or the fair Value of plan Assets, whichever is greater.

(See Chapter 7 How to cope with the most complex points in financial accounts of the Vernimmen)

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