Changes in defined benefit pension plans that reduce the expected years of future service of present employees are:
A) settlements.
B) adjustments.
C) terminations.
D) curtailments.

Question

Quizplus · Accepted Answer

Curtailments are changes in defined benefit pension plans that reduce the expected years of future service of present employees. This may include changes such as a reduction in the number of years of credited service or a decrease in the level of benefits accrued under the plan. Curtailments may be voluntary or involuntary and can be the result of factors such as corporate restructuring, downsizing, or changes in the plan design.

Changes in Defined Benefit Pension Plans That Reduce the Expected