Why this is mistaken
Wrong: A board discussion creates pension prior service cost.
Correction: Recognition depends on executed plan terms, the effective date, affected participants, and an actuarial remeasurement.
Where to watch
When this mistake may appear
- A benefit-plan analysis treats this claim as true: A board discussion creates pension prior service cost.
Check your work
Your work may contain this mistake if:
- A board discussion creates pension prior service cost.