E 17-17 Concepts; terminology LO17-2 through LO17-8 Listed below are several terms and phrases associated with pensions. Pair each item from List A with the item from List B (by letter) that is most appropriately associated with it. List A 1. Future compensation levels estimated. 2. All funding provided by the employer. 3. Credit to OCI and debit to plan assets. 4. Retirement benefits specified by formula. 5. Trade-off between being relevant and representationally faithful. 6. Cumulative gains in excess of losses. 7. Current pay levels implicitly assumed. 8. Created by the passage of time. 9. 10. 11. 12. 13. Not contingent on future employment. Risk borne by employee. Increased by employer contributions. Caused by plan amendment. Loss on plan assets. 14. Excess over 10% of plan assets or PBO. List B a. Actual return exceeds expected b. Net gain-AOCI c. Vested benefit obligation d. Projected benefit obligation e. Choice between PBO and ABO f. Noncontributory pension plan g. Accumulated benefit obligation h. Plan assets i. Interest cost j. Delayed recognition in earnings k. Defined contribution plan I. Defined benefit plan m. Prior service cost