FAR 6 - Postretirement Benefits Other Than Pensions Flashcards
1
Q
What are examples of postretirement benefits other than pensions?
A
1) Health care insurance
2) Day care
3) Legal Services
ETC.
2
Q
What is the accrual requirement of postretirement benefits?
A
If you have a liability, and can reasonably estimate then you have to accrue it.