Experience Adjustments

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Definition: Experience Adjustments

Experience Adjustments
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Full Definition of Experience Adjustments

Adjustments made to the various actuarial values to obtain actuarial gains and losses arising due to the difference between the assumed and actual figures. Experience adjustments are used by firms to estimate the reliability of the recognized values such as interest costs and service costs. Also used for calculating retirement benefits of the pension in case of a pre-mature retirement of an individual.

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https://payrollheaven.com/define/experience-adjustments/
Modern Language Association (MLA):
Experience Adjustments. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
April 19, 2024 https://payrollheaven.com/define/experience-adjustments/.
Chicago Manual of Style (CMS):
Experience Adjustments. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/experience-adjustments/ (accessed: April 19, 2024).
American Psychological Association (APA):
Experience Adjustments. PayrollHeaven.com. Retrieved April 19, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/experience-adjustments/

Definition Sources

Definitions for Experience Adjustments are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.