Pension Plan Accounting
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From the Paper:"Pension plans are one of the most popular benefits a company can offer to its employees. By helping long-term employees plan for retirement and reducing the reliance on Social Security, pension plans benefit both the employee, through the future payments after retirement, and the company, by encouraging long-term employee tenure. Because pension plans are considered employee benefits, some employees will accept lower salaries when a pension plan is included as part of the compensation package. Pension plans represent the largest institutional investors in the securities markets, and control billions of dollars in the economy. Even small, one person companies use pension plans to help their owners shelter money from taxes and defer those taxes until retirement. Because pension plans are an integral part of the business environment, accounting and auditing procedures are also.."
Cite this Essay:
Pension Plan Accounting (2003, February 27) Retrieved January 25, 2021, from https://www.academon.com/essay/pension-plan-accounting-20666/
"Pension Plan Accounting" 27 February 2003. Web. 25 January. 2021. <https://www.academon.com/essay/pension-plan-accounting-20666/>