The Accumulated Benefit Obligation ABO) Is Equal to the

question 94

Multiple Choice

The accumulated benefit obligation ABO) 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) 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.
• C) difference between the annual pension expense and the amount actually funded during the year.
• D) actuarial present value of benefits attributed by the pension plan formula to services rendered by employees during the current year.

---

Definitions:

Phone Interviews

Phone interviews are a method of screening or interviewing candidates for a position or gathering information over the telephone.

Stress Interview

A type of job interview designed to put the applicant under pressure to see how they handle stress.

Recommended Behavior

Conduct suggested by others, often based on norms, rules, or professional guidelines, to achieve desired outcomes.

Rising Intonation

The increase in pitch at the end of a sentence, often used to indicate a question or uncertainty.