Current as of October 03, 2022 | Updated by FindLaw Staff
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(a) This account must include provisions made by the service company and amounts contributed by employees for pensions, accident and death benefits, savings, relief, hospital and other provident purposes, where the funds are included in the assets of the service company either in general or in segregated fund accounts.
(b) Amounts paid by the service company for the purposes for which this liability is established must be charged to this account.
(c) A separate account must be kept for each kind of provision included in this account.
(d) If employee pension or benefit plan funds are not included among the assets of the service company but are held by outside trustees, payments into such funds, or accruals therefore, must be included in this account.
Cite this article: FindLaw.com - Code of Federal Regulations Title 18. Conservation of Power and Water Resources § 18.367.2283 Account 228.3, Accumulated provision for pensions and benefits - last updated October 03, 2022 | https://codes.findlaw.com/cfr/title-18-conservation-of-power-and-water-resources/cfr-sect-18-367-2283.html
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