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How do you calculate net pension expense?

Pension expense is recorded on the income statement and reduces reported earnings. Under the accrual method of accounting, pension expense represents the employer's expense for the company's pension plan during a certain period.

Net Pension Expense is calculated as follows:
Service Cost
+
Interest Cost
-
Expected Return on Pension Plan Assets
+/-   
Amortization of Deferred Amounts
Net Pension Expense