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Projected benefit obligation

• Abbrevited 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.

 
 Embedded terms in definition
 Accumulated benefit obligation
Future
Liability
Pension plan
Will
 
 Related Terms
 

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Beware of small expenses; a small leak will sink a great ship. - Benjamin Franklin (1706-1790)

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