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thank you, come again!
Froogle 1.1.1.7
Froogled By:
Elias Makere, FSA, MAAA
Last Froogled:

COST ALLOCATION PROCEDURE

a procedure for determining the periodic cost for a plan (eg, a retiree group benefits program). The procedure can use:
(a) an actuarial cost method;

(b) an asset valuation method; and/or

(c) an amortization method.
Cost allocation procedures include – but are not limited to:
• the procedure to determine the net periodic pension cost – under [applicable] accounting standards;

• the procedure to determine the net periodic [of some other] post-retirement benefit cost – under [applicable] accounting standards
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