ABO

(redirected from Accumulated Benefit Obligation)
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ABO

Symbol for blood group systems , under system.
References in periodicals archive ?
The present value of the accumulated benefit obligation must be computed using a three-segment investment grade corporate bond yield curve.
The aggregate pension accumulated benefit obligation and aggregate fair value of plan assets for pension plans with accumulated benefit obligations in excess of plan assets.
The company's nonqualified pension plan was the only pension plan with an accumulated benefit obligation in excess of plan assets.
* The recording, on a plan-by-plan basis, of a minimum liability if the benefit obligation (computed without the future compensation component) exceeds plan assets [Generally, a company must recognize a minimum liability to the extent that any individual plan has an accumulated benefit obligation (ABO) in excess of the fair market value of its assets.
For example, assume that the fair value of the assets of a defined benefit plan totaled $4 million and the accumulated benefit obligation totaled $6.8 million.
To better understand pension plans' funded status, SFAS 132(R) again requires the disclosure of the accumulated benefit obligation. This disclosure helps users estimate how likely it is that a company will need to record a "minimum liability" under SFAS 87 and, thus, potentially approach constraints of restrictive debt covenants.
The accumulated benefit obligation Same as public entities.
The accumulated benefit obligation (ABO) for pensions is the actuarial present value, using current salary levels, of the benefits earned to date.
SFAS 87, "Employers' Accounting for Pensions," req2uires a company with a defined benefit plan to report a minimum pension liability (ML) when the accumulated benefit obligation (ABO) is underfunded.
Also, an additional liability is recorded if the accumulated benefit obligation at year-end exceeds the fair value of plan assets.
In addition to changes in the measurement of pension expense, FASB required an employer to recognize a liability on the statement of financial position when the accumulated benefit obligation exceeds the fair value of plan assets.