The difference between pension plan assets and the PBO is equal to the funded status of the plan.

Name: The difference between pension plan assets and the PBO is equal to the funded status of the plan.
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Question

Quizplus · Accepted Answer

The funded status of a pension plan is the difference between the plan's assets and its projected benefit obligation (PBO). Therefore, the statement "The difference between pension plan assets and the PBO is equal to the funded status of the plan" is true.

The Difference Between Pension Plan Assets and the PBO Is