Examlex
Define a private foundation.
Projected Benefit Obligation
A liability amount that represents an estimate of the total future pensions benefits earned by employees, adjusted for expected future salary increases.
Pension Benefit Guaranty Corporation
A U.S. government agency that protects the retirement incomes of American workers in private sector defined benefit pension plans.
Defined Benefit Pension Plans
Retirement plans promising a specific benefit at retirement, which is usually calculated through formulas involving salary and years of service.
Other Postretirement Benefits
Benefits, other than pensions, provided to employees after they retire, such as health insurance.
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