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Basic Question 5 of 24
A measure of an employer's pension obligation using future salary levels is the
B. projected benefit obligation.
C. vested benefit obligation.
A. accumulated benefit obligation.
B. projected benefit obligation.
C. vested benefit obligation.
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Learning Outcome Statements
explain and calculate measures of a defined benefit pension obligation (i.e., present value of the defined benefit obligation and projected benefit obligation) and net pension liability (or asset);
describe the components of a company's defined benefit pension costs;
explain and calculate the effect of a defined benefit plan's assumptions on the defined benefit obligation and periodic pension cost;
CFA® 2025 Level II Curriculum, Volume 2, Module 11.