Examlex
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Accumulated Benefit Obligation
The present value of benefits earned by employees in a defined benefit plan, to be provided at some time in the future based on their service to date.
Pension Liability
The present value of the future pension payments that a company is obligated to pay to its retired employees, representing a financial liability on the company’s balance sheet.
Projected Benefit Obligation
A liability amount in a company's pension plan, estimating the total benefits to be paid to employees in the future.
Plan Assets
Investments and other assets held by a pension fund to be used for the payment of retirement benefits to participants.
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