Quick questions for you guys on Acutarial G/L (AGL).
a) TOTAL PERIODIC COST (Economic Cost)
Do we need to include AGL only under IFRS ?
b) Reported Pension Expense (Accounting Cost)
Do we need to include the Ammortization of AGL in our calculation according to the 10% Corridor Approach (US GAAP) ?
If AGL < 10% of Beg Plan Asset or Beg PBO => We do not ammortize anything
if AGL > 10% of Beg Plan Asset or Beg PBO => We do need to ammortize the AGL (over the life of the remaining service)