Examlex
Which of the following is NOT a communication channel used in the IMC process?
Projected Benefit Obligation
Represents an estimate of the total amount to be paid to participants in a defined benefit pension plan, based on employees' service and salary history.
Prior Service Cost
The cost associated with retroactive benefits granted in a pension plan amendment, recognized over the service lives of affected employees.
Plan Assets
Assets that are specifically earmarked to pay pension benefits, typically held in a pension fund.
Pension Expense
An accounting charge representing the cost to a company of providing retirement benefits to employees during a particular time period.
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