Murphy company incurs a loss from changing a pension-related assumption this loss is reported as other comprehensive income.
Post-employment benefits are benefits other than pensions paid to employees upon retirement. Retirement benefits may include life and health insurance, premiums for such benefits, and deferred compensation plans. The pension amount is 50% of your income or your average income, whichever is more favorable. Currently, the minimum pension is Rs 9000 per month.
Liabilities primarily consist of provisions made by pension funds to meet future payment obligations to policyholders. Liabilities also include pension fund capital, loans received, and pension other financial obligations. Assets represent an investment of premiums paid and other liabilities.
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