Listed below are five terms followed by a list of phrases that describe or characterize each of the terms. Match each phrase with the most correct term.
-Accumulated benefit obligation
A)Created only by the passage of time.
B)Created by "ERISA" legislation.
C)Difference between PBO and plan assets.
D)Current pay levels implicitly assumed.
E)Future salary levels estimated to be higher than previously expected.

Question

Quizplus · Accepted Answer

The Accumulated Benefit Obligation (ABO) is calculated based on employees' current pay levels, without assuming future salary increases, which is why D is the correct match.

Listed Below Are Five Terms Followed by a List of Phrases