The phrase "accrued liability" is correct and usable in written English.
It is typically used in accounting and finance to refer to expenses that have been incurred but not yet paid.
Example: "At the end of the fiscal year, we need to account for all accrued liabilities to ensure our financial statements are accurate."
Alternatives: "incurred obligation" or "recognized liability".
In 2008, the Government Actuary's Department estimated the accrued liability for public sector pensions at £770bn, at 31 March 2008.
We find that the total unfunded accrued liability of state and local governments for the provision of retiree health care exceeds $1 trillion, or about ⅓ of total state and local government revenue.
The original said that one company's estimate of the accrued liability for public-sector pensions was £993bn – equal to "more than £150,000 for every man, woman and child in Britain today".
Back in the day, we learned that there were two general methods by which an employer could calculate their annual contribution, and their accrued liability, for a pension plan: level-cost methods and unit credit methods.
This plan has 400,000 participants, and is funded at either a 38% level ("accrued liability", with a higher interest rate) or 28% ("current liability" - a lower rate), according to their most recent plan filings, with a total liability of $41 billion or $56 billion, depending on the interest rate, and assets of only about $15 billion.
The actuarial accrued liability would climb about 13percentt for each percentage point difference between5.5percentnt and whatever discount rate was used.
"I am satisfied that noncash impacting excess accrued liabilities on the balance sheet were not a priority," Justice Marrocco wrote.
Changes in the accrued liabilities of Social Security and Medicare, in particular, should be assessed on the federal budget each year.
The company also owes $2.2 billion in long-term debt to various individuals and institutions and about $900 million in accrued liabilities to employees.
Moreover, as of December 31 , 2002 an accrual-based balance sheet of the Social Security system would have revealed more than $14.0 trillion of accrued liabilities to Social Security participants and beneficiaries.
State and local government pension funds in the United States collectively manage a very large and diverse pool of assets to meet the even large sum of accrued liabilities.
