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.
-Vested benefit obligation
A)Future compensation levels estimated.
B)Not contingent on continued employment.
C)Gain from revised expectation of return plan assets.
D)Increased by employer contributions.
E)Excess over 10% of the larger of plan assets or PBO.

Question

Quizplus · Accepted Answer

Vested benefit obligation (VBO) refers to the portion of the pension plan's obligation that is not contingent on continued employment, meaning it is the benefit that employees are entitled to regardless of whether they continue working for the employer or not.

Listed Below Are Five Terms Followed by a List of Phrases