Complete the sentences below:
1. The actuarial cost method that must be used to determine current service cost is the ____________________.
2. A pension plan where the risk of the level of eventual pension payments rests with the employee is called ____________________.
3. A contributory pension plan is a plan in which ____________________.
4. The asset ceiling is a limiting factor in pension accounting when ____________________.
5. Pension plans are usually registered because ____________________.
6. The actuarial cost method that projects years of service, and final salary, is called the ____________________.
7. Past service cost will be a negative number (reduces the projected benefit liability) when ____________________.
8. An experience gain or loss related to annual return on plan assets is the difference between ____________________ and ____________________.
9. The costs of pension benefit changes caused by ____________________ and ____________________ are often included in discontinued operations rather than in pension expense.
10. The expected present value of future pension benefits, evaluated using present value and actuarial expectations, including mortality, turnover, and the effects of current and future compensation levels, is called____________________.
11. Two examples of demographic assumptions that must be made to project pension variables are ____________________ and ____________________