Fill in the correct labels for the following figure using the word bank below.
-C _________
Definitions:
Projected Benefit Obligation
An estimation of the present value of a retirement plan's liabilities owed to employees, based on projected salary increases.
Defined Benefit Pension Plan
A pension plan where an employer promises a specific payout upon retirement, based on factors like salary history and employment duration.
Pension Expense
The cost recognized by an employer for providing retirement benefits to employees over the current accounting period.
Expected Return
The predicted average of the probabilities of various returns an investment can generate, reflecting the anticipated earnings or loss.
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