Examlex
A hybrid cloud is an environment where a public and private cloud solution is used simultaneously.
Defined Benefit Pension Plan
A type of pension plan where an employer promises a specified pension payment upon retirement, determined by an employee's earnings history, tenure of service, and age.
Interest Cost Component
The portion of pension expense that reflects the increase in the projected benefit obligation due to the passage of time.
Defined Benefit Pension Plan
A defined benefit pension plan is a retirement plan where the employer promises a specified pension payment upon retirement, based on an employee's earnings history, tenure of service, and age.
Projected Benefit Obligation
An estimation of the present value of a retirement plan's liabilities owed to employees, based on projected salary increases.
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