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With regard to the test tryout phase of test development,
Projected Benefit Obligation
An actuarial measurement of the present value of expected payments for pension benefits owed to employees, based on factors like salary growth and employee turnover.
Accrued/Prepaid Pension Cost
This refers to the accounting treatment of pension expenses that have been incurred but not yet paid (accrued) or paid in advance (prepaid).
Projected Benefit Obligation
An actuarial calculation of the present value of pension benefits owed to employees, measured by the projected salary levels.
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