accumulated plan benefit

accumulated plan benefit
prestation constituée (VR)

English-French insurance dictionary. 2013.

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  • accumulated benefit obligation — ( ABO) The actuarial present value of the pension benefits earned to date. Measurement of the accumulated benefit obligation uses the historical compensation rates for pay related benefit plans. The ABO must be disclosed in a footnote to the… …   Financial and business terms

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  • Accumulated Benefit Obligation (ABO) — An approximate measure of the liability of a plan in the event of a termination at the date the calculation is performed. Related: projected benefit obligation. The New York Times Financial Glossary …   Financial and business terms

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  • Canada Pension Plan — The Canada Pension Plan (CPP) is a contributory, earnings related social insurance program. It forms one of the two major components of Canada s public retirement income system, the other component being Old Age Security (OAS). Other parts of… …   Wikipedia

  • Vested Benefit Obligation - VBO — The actuarial present value of pension plan benefits belonging to employees of an organization. The vested benefit obligation (VBO) is one measure of a pension fund s liability. The VBO only considers benefits that have vested in an employee, as… …   Investment dictionary

  • pension plan — A plan established and maintained by an employer primarily to provide systematically for the payment of definitely determinable benefits to his employees, or their beneficiaries, over a period of years (usually for life) after retirement.… …   Black's law dictionary

  • projected benefit obligation — ( PBO) The actuarial present value of the pension benefits earned to date. In contrast to the ABO, measurement of the projected benefit obligation incorporates assumptions for future compensation rates for pay related benefit plans. The PBO must… …   Financial and business terms

  • vested accumulated benefit obligation — The portion of the accumulated benefit obligation under a defined benefit plan to which the employees have a legal right even if their employment is terminated before retirement. American Banker Glossary …   Financial and business terms

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