Asked by
Kaliyah Aranante
on Dec 06, 2024Verified
Disclosures for vested benefits
A) are not required
B) are related to the projected benefit obligation
C) are related to the accumulated benefit obligation
D) are related to the plan assets
Vested Benefits
Employee benefits, such as pension funds or stock options, that are fully granted and cannot be forfeited even if the employment is terminated.
Projected Benefit Obligation
A liability amount that represents an estimate of the total future pensions benefits earned by employees, adjusted for expected future salary increases.
- Recognize and calculate both vested and non-vested pension entitlements.
Verified Answer
SP
Learning Objectives
- Recognize and calculate both vested and non-vested pension entitlements.