Q1. An analyst views the assumptions made by a company regarding its pension liabilities as unrealistic, and thinks the discount rate and expected rate of return should both be increased. The most likely effect of increasing the discount rate and expected rate of return on the vested benefit obligation (VBO) is: Discount rate Expected rate of return
A) Decrease No effect B) Increase No effect C) No effect Decrease
Q2. The vested benefit obligation is defined as the: A) actuarial present value of all future pension benefits earned to date and based on current salary levels, ignoring future increases. B) actuarial present value of all future pension benefits earned to date based on expected future salary increases. C) amount of the accumulated benefit obligation (ABO) to which the employee is entitled based on the company’s vesting schedule.
Q3. The accumulated benefit obligation is defined as the: A) actuarial present value of all future pension benefits earned to date based on expected future salary increases. B) actuarial present value of all future pension benefits earned to date and based on current salary levels. C) increase in the projected benefit obligation (PBO) due to the passage of time.
Q4. Which of the following is NOT a measure of pension plan liabilities for a defined benefit pension plan? A) Vested benefit obligation. B) Projected benefit obligation. C) Deferred benefit obligation.
Q5. The projected benefit obligation (PBO) is defined as the: A) actuarial future value of all post-retirement healthcare benefits earned to date. B) actuarial present value of all future pension benefits earned to date based on expected future salary increases. C) actuarial present value of all future pension benefits earned to date and based on current salary levels.
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发表于 2009-1-17 14:18
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