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ICI » Topics » Pension costs

This excerpt taken from the ICI 20-F filed Apr 1, 2005.
Pension costs
The pension costs relating to Group retirement plans are assessed in accordance with the advice of independent qualified actuaries and accounted for in accordance with SSAP 24. The amounts so determined include the regular cost of providing the benefits under the plans which should be a level percentage of current and expected future earnings of the employees covered under the plans. Variations from the regular pension cost are spread on a systematic basis over the estimated average remaining service lives of current employees in the plans.

This excerpt taken from the ICI 6-K filed Mar 16, 2005.
Pension costs
The pension costs relating to Group retirement plans are assessed in accordance with the advice of independent qualified actuaries and accounted for in accordance with SSAP 24. The amounts so determined include the regular cost of providing the benefits under the plans which should be a level percentage of current and expected future earnings of the employees covered under the plans. Variations from the regular pension cost are spread on a systematic basis over the estimated average remaining service lives of current employees in the plans.

EXCERPTS ON THIS PAGE:

20-F
Apr 1, 2005
6-K
Mar 16, 2005

RELATED TOPICS for ICI:

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