Accounting for post-retirement benefits is very different from pension accounting.

Question

Quizplus · Accepted Answer

Both post-retirement benefits and pension benefits are types of employee benefits that companies may offer, and they are accounted for in similar ways under accounting standards. Both require companies to estimate and recognize the cost of these benefits over the periods in which the benefits are earned by the employees, and both involve complex actuarial assumptions to estimate the present value of the future benefits obligations.

Accounting for Post-Retirement Benefits Is Very Different from Pension Accounting