vested pension到底算不算传统资负表里

嗨，爱思考的PZer你好：

传统BS和economic BC的区别：

• Traditional assets and liabilities that are reasonably simple to measure, such as investment assets, real estate, and mortgages.
• Economic net worth, however, extends net worth to include claims to future assets that can be used for consumption, such as human capital and the present value of pension benefits.

traditional asset就是现在就在账户里能看见的那些投资产品，而economic的把未来现金流也纳入考虑范畴（HC和pension）。不管是vested还是unvested pension，都是economic BS的。

教材410-411页有traditional BS的表，我们能看到资产中也有一项“Retirement plan”，但是这属于个人投资资产中用于养老的部分，跟退休以后从DB plan里拿到的养老金现值不是一回事。

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就算太阳没有迎着我们而来，我们正在朝着它而去，加油！