Examlex
Which term refers to the concept of providing opportunities for full participation and equal chances for all students?
Projected Benefit Obligation
An actuarial measurement of the present value of the pension benefits earned by employees, accounting for expected future salary increases.
GAAP
A compilation of standard accounting practices and rules universally applied for financial disclosures.
Defined Benefit Pension Plan
A retirement plan where the employer guarantees a specified pension payment at retirement based on the employee's earnings history, tenure of service, and age.
Postretirement Healthcare Benefits
Benefits that an employer provides to retirees for healthcare, excluding pension benefits.
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