accrued benefits method
- An actuarial method used in accounting for pension costs in which the actuarial value of liabilities relates at a given date to:• the benefits, including future increases promised by the rules, for the current and deferred pensioners and their dependants;• the benefits that the members assumed to be in service on the given date will receive for service up to that date only. Allowance may be made for expected increases in earnings after the given date, and for additional pension increases not promised by the rules. The given date may be a current or future date. The further into the future the adopted date lies, the closer the results will be to those obtained by a prospective benefits valuation method.
Big dictionary of business and management. 2014.
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