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Each time an input device is closed, the corresponding LED on the input module should illuminate.
Projected Benefit Obligation
An actuarial estimate of the total value of future pension benefits owed to employees, based on their service and salary history, to be paid by a pension plan.
Pension Plan Assets
The resources set aside by a company to meet future pension obligations to retirees, usually in the form of investments.
Actuarial Assumptions
Hypothetical conditions used for projecting financial or insurance outcomes, involving demographic, economic, and other factors.
Prior Service Cost
The cost associated with the increase in pension benefits related to years of service credited in a pension plan amendment.
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