Examlex
Which of the following statements is TRUE of current situations in human resource management?
Expected Pension Benefits
Expected pension benefits represent the future payments an employee has earned under a pension plan, based on factors like years of service and salary history.
Projected Benefit Obligation
An estimate of the total amount that an employer anticipates to pay for employee benefits in the future.
Accumulated Benefit Obligation
The present value of benefits earned by employees in a defined benefit plan, to be provided at some time in the future based on their service to date.
Pension Liability
The present value of the future pension payments that a company is obligated to pay to its retired employees, representing a financial liability on the company’s balance sheet.
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