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Which statement below is not correct regarding the Projected Benefit Obligation (PBO)? Group of answer choices The PBO is based on future salary levels. Benefits

Which statement below is not correct regarding the Projected Benefit Obligation (PBO)?

Group of answer choices

The PBO is based on future salary levels.

Benefits paid to retirees do not affect the PBO.

A higher discount rate assumption increases the projected benefit obligation.

The PBO represents the present value of the retirement benefits earned to date.

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