Effective Date of NRA Equalisation under the FEL Pension Scheme
First written in FY2020-Q3. 1 of 2 entries say "Materialised", first in FY2020. Latest entry: FY2020.
Faltec moved to the "Worse" side of this theme in 2020.
1 other company's latest entry also says "Materialised".
Not enough years or companies yet to draw the terrain. The sentences above are computed from what exists.
- FY2020MaterialisedAnnual report
「As a result, the change in the estimate due to the change in the equalization date increased the retirement benefit obligation by ¥1,423 million in the consolidated fiscal year.」
The estimated equalization date for the pension scheme of FALTEC EUROPE LIMITED was revised, increasing the retirement benefit obligation by ¥1,423 million. The UK subsidiary also recognized an increase in retirement benefit expenses. - FY2020-Q3First statedAnnual report
「In response, FEL and the trustee are proceeding with a process to seek the opinion of a barrister, who has exclusive responsibility for advocacy and the examination of evidence in court, in order to make the case under English legal procedures that equalization of the NRA at age 65 became effective on 1 March 1990 and to dispel legal concerns. The impact on the company’s financial results is expected to become clear after the above procedures have been completed.」
With respect to the pension scheme of FEL, the UK subsidiary, legal concerns have been raised regarding the effective date of equalization of the NRA at age 65, and the company is seeking an opinion from a barrister under English legal procedures. The impact on the financial results is expected to become clear after the procedures are completed.