Consider the following: I. present value of vested benefits at present pay levels
II) present value of non-vested benefits at present pay levels
III) present value of additional benefits related to projected pay increases
Which of the above constitutes the projected benefit obligation?

Question

Quizplus · Accepted Answer

The projected benefit obligation (PBO) includes all of the above factors: present value of vested benefits at present pay levels (I), present value of non-vested benefits at present pay levels (II), and present value of additional benefits related to projected pay increases (III). Therefore, choice (C), which includes all three options, is the correct answer.

Consider the Following: I