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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...
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- Spring '11
- Pension fund