Vested Benefit Obligation - How is Vested Benefit Obligation abbreviated?
VBO (redirected from Vested Benefit Obligation)
|VBO||Virtual Battery Operation|
|VBO||Vertex Buffer Object|
|VBO||Vested Benefit Obligation (pension valuation)|
|VBO||Valence Band Offset (semiconductor property)|
|VBO||Verbond der Belgische Ondernemingen (Dutch: Federation of Belgian Enterprises; Belgium)|
|VBO||Virtual Box Office (online ticket office)|
References in periodicals archive
For pension plans, employers no longer must disclose the vested benefit obligation
and the accumulated benefit obligation.
The FASB also agreed to drop the unpopular proposal for an employer to disclose its vested benefit obligation
. This "walk-away liability," which assumes that all employees entitled to benefits will quit tomorrow, was roundly criticized as meaningless.
Disclosure of "vested benefit obligation
" (the obligation if all eligible employees retired immediately) is no longer required.
* Drop the proposed requirements that a minimum liability be recorded five years after the initial adoption of the statement and that the vested benefit obligation
have special disclosure requirements.