PBO

(redirected from Projected benefit obligation)
Also found in: Financial, Acronyms.

PBO

Abbreviation for:
permanent balloon occlusion
placebo
References in periodicals archive ?
The initial projected benefit obligation is equal to 9% of the value of the firm, which is the average pension liability of defined benefit plan sponsors as documented by Shivdasani and Stefanescu (2009).
These represent changes in the value of either the projected benefit obligation or plan assets resulting from 1) differences between actuarial assumptions and actual experience, or 2) a change in actuarial assumptions (e.
For example, "the expected long-term rate of return on plan assets shall reflect the average rate of earnings expected on the funds invested or to be invested to provide for the benefits included in the projected benefit obligation.
31, 2004, are found in ExxonMobil's 2005 form 10-K (in millions): SFAS 87 Memorandum accounts: Plan assets $7,299 debit Projected benefit obligation 10,770 credit Deferred actuarial losses 2,638 debit Prior service costs 172 debit SFAS 87 Actual accounts: Prepaid pension cost $71 debit Accrued pension liability 1,951 credit Intangible asset 244 debit Reduction in equity related to minimum liability 975 This journal entry would be made to accomplish the conversion to compliance with the requirements of SFAS 158 (AOCI = Accumulated Other Comprehensive Income).
The projected benefit obligation (PBO), or pension liabilities, increased by $133 billion during July, raising the Milliman 100 PFI value to $1.
Under current accounting in the United States for defined benefit plans (formerly SFAS 158, now Accounting Standard Codification [ASC] Topic 715, Compensation--Retirement Benefits), companies with defined benefit pension plans must recognize the difference between the plan's projected benefit obligation and its fair value of plan assets as either an asset or a liability.
This unfunded pension obligation would be calculated based on the projected benefit obligation (in the case of pensions) and the accumulated benefit obligation (in the case of other postretirement benefits).
Most of the major credit rating agencies say that their models already adjust the reported balance sheets for the full value of the pension's projected benefit obligation (PBO) or accumulated benefit obligation (ABO) liability, and either some or all of the value of the retiree medical accumulated postretirement benefit obligation (APBO) liability.
projected benefit obligation exceeding the market value of the plan assets) must be recognized in full on the balance sheet of the sponsoring firm.
the difference between the projected benefit obligation and the fair value of the plan assets) with the prepaid asset or accrued liability reported in the balance sheet is no longer required.
The MD&A disclosure, if material, should focus on the materiality of the unfunded projected benefit obligation and the expected timing of contributions to fund these amounts as opposed to historical contributions.