2013 Fiscal Year Final Research Report
The Formulation of Accounting Framework for Benefit Obligations of Public Pensions
| Project/Area Number |
23530598
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| Research Category |
Grant-in-Aid for Scientific Research (C)
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| Allocation Type | Multi-year Fund |
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| Section | 一般 |
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| Research Field |
Accounting
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| Research Institution | Nihon University |
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Principal Investigator |
IMAFUKU Aishi 日本大学, 経済学部, 名誉教授 (80059740)
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| Project Period (FY) |
2011 – 2013
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| Keywords | 公的年金制度 / 政府会計基準審議会(GASB) / 割引率 / 年金負債 / オフバランス / バイアウト |
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| Research Abstract |
Referring particularly to the accounting standard for the U.S. state and local pensions, which is issued by GASB in 2013, this research illuminated how the new concept of benefit obligations for public pensions has been formulated. The concept has been developed when the government issued the bonds in the public market, and the rating agencies valued the government, i.e. sponsoring entity which had the obligation to pay for pensioners. Then the government has to disclose the real valuation of benefit obligations in its Balance Sheet. The development seems to responds to the development of accounting standard for corporate pensions.
The research result is only the basic findingsto develop the formulation of the concept of benefit obligations for public pensions.
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