The Projected Benefit Obligation is: A.The additional cost assessed to defined benefit plan in...
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Accounting
The Projected Benefit Obligation is:
A.The additional cost assessed to defined benefit plan in order to comply with the FASB #87 accounting standard.
B.The same as the Accumulated Benefit Obligation without using future salary assumptions.
C.The amount of annual cost, determined in accordance with the Entry Age Normal actuarial cost method, attributable to the given year of the plan's operation.
D.The actuarial present value of all benefits attributed by the plan's benefit formula to employee service rendered prior to that date, assuming future salary levels if the formula is based on future compensation.
E.That amount which exceeds actuarial cost projections, and is then amortized over a five-year period.
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