Projected benefit obligation

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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 ?
Furthermore, the challenges that Canada's PBO faces are not entirely unique to Canada.
PBO fiber with the trade name, Zylon and 3 mm length was obtained from Toyobo, Japan.
Since the size of the discount rate is inversely related to the level of the PBO and the time periods over which these rates are used to discount future benefits are long, small changes in rate assumptions can have significant effects on pension liabilities.
The choice between the ABO and PBO approaches turns in part on circumstances and measurement objectives.
The fibers of the second layer are selected from the group consisting of high molecular weight polyethylene, aramid, PBO, PBT, polyamide, polyester and ceramic fibers.
I developed a professional and personal relationship with the redeploying unit's PBO about 6 months before I arrived in country, which really helped smooth negotiations between units.
Explaining their innovative rigging and socket designs, Colin says: "Our ropes, which are manufactured in Keighley, West Yorkshire, are made of PBO, the strongest, lightest and least stretchy 'super fibre' known.
These inhibitors included the aforementioned model compounds ANF and PBO and the environmentally relevant hydrocarbons fluoranthene (FL) and 2-aminoanthracene (AA) (Watson et al.
The head of the PBO is neither a career civil servant nor a political appointee--he or she is someone on a term contract with one-third of the salary based on organization performance.
2] The PBO includes assumptions about future compensation levels.
Companies already computing valuations in conformity with FAS 87's PBO rules should not be required to perform another costly calculation.
The PBO grew at an annual rate of 10 percent to $825 billion between 1991 and 1992, and the AAL grew at a rate of 8 percent to $812 billion.