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Which statement below is not correct regarding the Projected Benefit Obligation (PBO)? Multiple Choice Benefits paid to retirees do not affect the PBO. The PBO

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

Multiple Choice

  • Benefits paid to retirees do not affect the PBO.

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

  • A higher discount rate assumption increases the projected benefit obligation.

  • The PBO is based on future salary levels.

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