THE PROJECTED BENEFIT OBLIGATION (PBO) IS DEFINED AS

2. The projected benefit obligation (PBO) is defined as: A. actuarial present value of all future pension benefits earned to date based on current salary levels. B. actuarial present value of all future pension benefits earned to date based on expected future salary increases. C. actuarial future value of all post-retirement healthcare benefits earned to date. LO.c: Describe the components of a company’s defined benefit pension costs.