Research Article

Empirical Analysis of Retirement Pension and IFRS Adoption Effects on Accounting Information: Glance at IT Industry

Table 4

Important actuarial assumptions from public disclosure.

AssumptionCase  1Case  2Case  3Case  4

Discount factor4.95%7.37%6.55%5.39%
Inflation rate2.50%2.50%
Interest rate3.50%5.85%5.85%4.48%
Wage increase rate6.15%3.79%3.68%Standard* + 3.33%
Change of liability22.38%−51.36%N/A6.21%

Standard wage increase announced by Korea Insurance Development Institute.