funded status

funded status
A term used to describe either the excess or shortfall of pension assets in relation to pension liabilities. When pension liabilities exceed the assets, the funded status is a shortfall. When a plan liquidation or termination is being analyzed, the funded status is calculated using the accumulated benefit obligation ( ABO) as the liability value. When a plan's funded status is calculated to analyze the plan on a going concern basis, the projected benefit obligation ( PBO) is used as the liability value. American Banker Glossary

Financial and business terms. 2012.

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