Question: Which of the following terms includes assumptions concerning projected changes in future compensation when the pension benefit formula is based on future compensation levels (e.g.,

Which of the following terms includes assumptions concerning projected changes in future compensation when the pension benefit formula is based on future compensation levels

(e.g., pay-related and final pay plans)?

Service cost component Projected benefit obligation Accumulated benefit obligation

a. Yes Yes Yes

b. Yes Yes No

c. No Yes No

d. Yes No Yes

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