Under the simplified approach to accounting for defined benefit pension plans under ASPE, all past service costs and unrecognized actuarial gains and losses must all flow through pension expense immediately.

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Under the simplified approach to accounting for defined benefit pension plans under ASPE (Accounting Standards for Private Enterprises), past service costs and actuarial gains and losses are amortized and recognized in pension expense over the expected average remaining service life (EARSL) of the employees, rather than being recognized immediately.

Under the Simplified Approach to Accounting for Defined Benefit Pension