The Projected Benefit Obligation Is Equal to the

question 56

Multiple Choice

The projected benefit obligation is equal to the

• A)actuarial present value of all benefits earned as of a specified date, both vested and nonvested, by employees using current salary levels in the pension plan formula
• B)difference between the annual pension expense and the amount actually funded during the year
• C)actuarial present value of all benefits earned as of a specified date, both vested and nonvested, by employees using anticipated future salary levels in the pension plan formula
• D)actuarial present value of benefits attributed by the pension plan formula to services rendered by employees during the current year

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