Minimum Pension Liability Adjustment (SF.IS.MinPensionLiabilityAdj) refers to the gains or losses which is realized from maintaining the minimum amount of liability necessary for pension liability on the balance sheet to equal the unfunded accumulated benefit obligation. Minimum Pension Liability Adjustment (SF.IS.MinPensionLiabilityAdj) was defined as a part of comprehensive income by SFAS 130. The concept was abolished with the introduction of the SFAS 158 pension accounting rule in the United States in 2006.
Minimum Pension Liability Adjustment (SF.IS.MinPensionLiabilityAdj) does not include:
- Pension benefits/medical benefit expenses/post-retirement health benefits, (SF.IS.LaborRelatedExp))
- Retirement expenses and Severance payment expenses in the usual course of business (classified as Labor & Related Expense (SF.IS.LaborRelatedExp))
- Non-recurring/one-off/unusual severance payment expenses (classified as Restructuring Charge (SF.IS.RestructuringCharge))