It is common for employees to expect rewards for their rendered services.

It is
through such rewards that the employees are motivated to work. In the same manner,
employer would want a motivated workforce for a better entity performance. Indeed,
employee benefits offer a relevant interplay between the economic relationship of the
employer and the employee.

One particular employee benefits are the pension plans which basically require
the employer to make contributions in a fund that is set aside for the future benefit of the
employee. In the Philippines, PAS 19 prescribes the rules in accounting for such entity
transactions. Complexity may be experienced in dealing with it especially when the use
of actuarial assumptions is included. Nevertheless, awareness and understanding of
employee benefits are significant as the inevitable encounter of employment comes
whether being an employer or an employee.

The following sections attempt to undertake measures in attaining awareness

and understanding of the Coca Cola Company’s Pension Plans. It presents the kind of
pension plan that the company is using together with the corresponding data in
connection to such pension plans. Furthermore, it tries to provide information on how
the company arrive with such plans and its relation to the company’s anticipated results.