Which of the Following Concepts for Postretirement Benefit Plans Is

question 52

Multiple Choice

Which of the following concepts for postretirement benefit plans is comparable to the projected benefit obligation (PBO) of pension plans?

• A) Accumulated Postretirement Benefit Obligation (APBO)
• B) Expected Postretirement Benefit Obligation (EPBO)
• C) Actual return on plan assets
• D) Expected return on plan assets

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Definitions:

Valid Delegation

The legal principle that allows a person to transfer their duties to another party, provided the action is authorized and the delegate is qualified.

Expressed Intent

The explicitly stated purpose or goal of an individual or entity, made clear through verbal or written communication.

Intended Third-party

Someone who, although not a direct participant in a contract or agreement, stands to benefit from the execution of the agreement.

Incidental Third-party

A person or entity indirectly involved or unintentionally benefited by a transaction or contract between two other parties.