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.
-Funded status
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

Funded status is defined as the difference between the Projected Benefit Obligation (PBO) and the actual assets held by a pension plan.

Listed Below Are Five Terms Followed by a List of Phrases