Projected benefit obligation

(redirected from Accumulated Postretirement Benefit Obligations)

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 ?
She recalculates the projected pension and accumulated postretirement benefit obligations utilizing the 2005 discount rate assumptions and realizes that the total effect of the 0.5 percent increase in the discount rate was a reduction of $846,000 in total liabilities.

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