A net pension liability is the excess of the projected benefit obligation over the plan assets.

Name: A net pension liability is the excess of the projected benefit obligation over the plan assets.
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A net pension liability occurs when the projected benefit obligation (PBO), which is the present value of all future pension payments owed to employees, exceeds the fair value of the plan assets set aside to cover these obligations.

A Net Pension Liability Is the Excess of the Projected