Projected benefit obligation

(redirected from Accumulated Postretirement Benefit Obligation)
Also found in: Acronyms.

Projected benefit obligation (PBO)

A measure of a pension plan's liability at the calculation date assuming that the plan is ongoing and will not terminate in the foreseeable future. Related: Accumulated benefit obligation.

Projected Benefit Obligation

An estimate of the present value of the future liability of an employee's pension. The projected benefit obligation assumes that the employee will continue to work and make contributions to the pension plan. It also assumes that contributions will increase as the employee's salary also increases. See also: Accumulated benefit obligation.
References in periodicals archive ?
The estimated effects of the subsidy, retroactive to January 1, 2004, are reflected in actuarial loss in the accumulated postretirement benefit obligation and net periodic postretirement benefit costs.
Prior to an employee's full eligibility date, the accumulated postretirement benefit obligation as of a particular date for an employee is the portion of the expected postretirement benefit obligation attributed to that employee's service rendered to that date; on and after the full eligibility date, the accumulated and expected postretirement benefit obligations for an employee are the same.
Armco, in its annual report, stated that it wanted to recognize the full amount of the unrecognized accumulated postretirement benefit obligation immediately rather than amortize it over 20 years.
21 per share after taxes) to recognize the accumulated postretirement benefit obligation related to the past service of current retirees, including pre-divestiture retirees, and active employees of $12,986, net of $1,669 of plan assets and amounts previously recorded.
106, Ashland Coal immediately recognized an accumulated postretirement benefit obligation of $40.
The accumulated postretirement benefit obligation booked as a one- time cumulative change in accounting amounted to $12,063,000 less a deferred tax benefit of $4,435,000 which equated to $1.
The net charge for the Accumulated Postretirement Benefit Obligation (APBO), which the company will amortize over the next 20 years, amounts to $4.
The company recorded an accumulated postretirement benefit obligation of $454 million and a related deferred income tax asset of $160 million, which resulted in a $294 million charge ($3.
106, Employers' Accounting for Postretirement Benefits Other Than Pensions, was adopted, and the accumulated postretirement benefit obligation was recognized immediately, which resulted in a charge against first quarter earnings of $37,885,000 (net of income taxes), or $.
The amount recognized was $14,179,000, which represents the accumulated postretirement benefit obligation existing at Jan.
The Company elected to immediately recognize the accumulated postretirement benefit obligation of $18,861,000, net of tax of $11,571,000, upon adoption of SFAS No.

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