The present value of the expected pension benefits that will ultimately be paid is the

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The projected benefit obligation (PBO) represents the present value of expected future benefit payments to employees, based on current salary levels and future salary projections, using actuarial assumptions including interest rate, mortality, and turnover. This is a crucial component of a company's pension liability, as it represents the total amount of pension benefits that the company is responsible for funding. The other options, while related to pension accounting, do not accurately represent the present value of the expected future benefit payments.

The Present Value of the Expected Pension Benefits That Will