Examlex
Use the figure to find the specified vector.
-Find a + b.
Projected Benefit Obligation
Projected Benefit Obligation (PBO) is a measure of the estimated total amount a pension plan needs to cover future pension benefits owed to employees, based on expected future salary increases.
Plan Assets
The resources that a pension plan has accumulated to cover future obligations to participants.
Amortization of Prior Service Costs
The process of gradually writing off the initial costs of services received or obligations incurred in the past, over the service periods of the involved employees.
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