Explain how postretirement plans will impact the company financially in the short and long term, using examples from the accounting workbook to support claims.

Postretirement Benefits Peyton Approved has revised its postretirement plan. It will now provide health insurance to retired employees. Management has requested that you report the short-and long-term financial implications ofthis. The company is currently employing 60, and actuaries estimate that the company has a pension liability of $107,041.70 The estimated cost of retired employees' health insurance is $43,718.91 The companyiscurently emplop byee elth nurance is3,71851