Examlex
The following picture is that of a gravity map of the United States.What do the dark grey regions mean in terms of the density of the material below?
Projected Benefit Obligation
A measurement of the present value of future pension benefits owed to employees, based on factors like salary history and years of service.
Plan Assets
Resources set aside by a company in a dedicated fund to meet future pension benefits or other long-term employee benefits.
Vested Benefits
Employee benefits, such as pension funds or stock options, that are fully granted and cannot be forfeited even if the employment is terminated.
Projected Benefit Obligation
A liability amount that represents an estimate of the total future pensions benefits earned by employees, adjusted for expected future salary increases.
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