Anonymous
Apr 4
1 the value of the company pension plan ?
Awon limited funds it's define pension plan by contributing each year the years service cost plus a portion of the prior service cost cash of shs 4.6million was contributed to the pension fund at the end of 1996 . Plan assets at the beginning of 1996 was valued at sh 35 million . The expected rate of return on investment of those asset was 9% but actual return in 1996 was 10% . Retirement benefit of sh 3.6 million was paid by the end of 1996 to retired employees
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ChatGPT
Apr 4
The value of a company pension plan can vary greatly depending on a number of factors, including the size of the company, the length of time the employee has been contributing to the plan, the investment performance of the plan's assets, and the terms of the plan itself. It is important for employees to regularly review their pension plan statements and consult with a financial advisor to understand the current value of their pension plan and how it fits into their overall retirement savings strategy.
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