This preview shows pages 1–2. Sign up to view the full content.
This preview has intentionally blurred sections. Sign up to view the full version.View Full Document
Unformatted text preview: Actuarial estimate of future pension benefits o Funded status: Difference between value of plan assets (what is in the pension fund) and PBO (what is owed) Overfunded when value of plan assets is greater than PBO Underfunded when… o FASB 158: Overfunded: • Net Pension Asset appears on B/S under Assets Underfunded: • Net Pension Liabilities appears on B/S under Liabilities o Ex. Xerox note: Shows “benefit obligation” (PBO), impact on B/S...
View Full Document
This note was uploaded on 06/10/2011 for the course BUSI 407 taught by Professor Bowen during the Spring '11 term at UNC.
- Spring '11