〈全球最权威的穆迪投资机构HR福利分析案.pptxVIP

Session 39 – Workshop:Analyzing Defined Benefit Pension Plans Postretirement Benefits Greg CliftonVP/Senior AnalystMoody’s Investors ServiceRating MethodologyCash Flow ConsiderationsOPEBPrimary focus on benefits paid (recorded on “pay-as you-go” basis)Can obtain benefits paid information in the rollforward of the APBOCan analyze growth in: Net periodic postretirement costBenefit paymentsCan use above rates to project future benefit paymentsPension plansUnderstand contribution requirementsRough estimate can be made with SFAS 87 information Due to undisclosed credits, some companies may not