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Explain these concepts, in your own words, to your new partners. Vested benefit obligation Accumulated benefit obligation Projected benefit obligation Give a made-up example of

Explain these concepts, in your own words, to your new partners.

Vested benefit obligation
Accumulated benefit obligation
Projected benefit obligation

Give a made-up example of each and explain which measurement type you would recommend to your partners and why?

(please answer simply and not too lengthy!)

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