ABO

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ABO

Accumulated Benefit Obligation

The present value of the future liability of an employee's pension, assuming that the employee is fired or retires on the date the calculation is performed. For example, the accumulated benefit obligation is what the pension fund must pay the employee should the employer make no further contributions and the employee retires immediately. The accumulated benefit obligation therefore assumes that the employee will make no further contributions to the pension plan. See also: Projected Benefit Obligation.
References in periodicals archive ?
My Amway Place elevates the product and shopping experience of its Amway Business Owners (ABOs).
Our focus is to ensure that all our ABOs will get a robust level of support so they can ride with this growth,' Olmedo said.
'We hope ABOs will come to see this space as their home away from home.