Projected benefit obligation. A measure of a pension plan's liability at the calculation date assuming that the plan is ongoing and will not terminate in the foreseeable future. Related: accumulated benefit obligation.
projected benefit obligation. Pension] the ACTUARIAL PRESENT VALUE as of a date of all benefits attributed by the pension benefit formula to employee service rendered prior to that date, including recognition of changes in future compensation levels if appropriate [similar to ACG No. 2]; see also ACCUMULATED BENEFIT OBLIGATION
Projected benefit obligation. A measure to determine pension liabilities. The PBO is the actuarial present value as of a specific date of employeesâ€(tm) vested and non-vested pension benefits incorporating compensation increases, attributable to employee services performed as of that date.