$1)$ Listed below are six terms followed by a list of phrases that describe or characterize each of the terms. Match each phrase with the number for the most correct term.

TERM

PHRASE

NUMBER

$1.$ EPBO

Return on plan assets lower or $($higher$)$ than expected.

$\_\_\_\_\_\_\_\_\_$

$2.$ Loss or $($gain$)$ on plan assets

Risk borne by employee.

$\_\_\_\_\_\_\_\_\_$

$3.$ Defined contribution plan

Increase in the PBO.

$\_\_\_\_\_\_\_\_\_$

$4.$ Discount rate

Trade$-$off between relevance and reliability.

$\_\_\_\_\_\_\_\_\_$

$5.$ Choice between PBO and ABO

Used by actuaries to adjust for the time value of money.

$\_\_\_\_\_\_\_\_\_$

$6.$ Service cost

Actuarial estimate of other postretirement benefits to be received by participants.

$\_\_\_\_\_\_\_\_\_)$ Listed below are six terms followed by a list of phrases that describe or characterize each of Fthe terms. Match each phrase with the number for the most correct term.

$```$

TERM

PHRASE

$1.$ EPBO

$2.$ Loss or $($gain$)$ on

plan assets

$3.$ Defined contribution Increase in the PBO.

plan

$4.$ Discount rate Trade$-$off between relevance

and reliability.

$5.$ Choice between PBO Used by actuaries to adjust

and ABO for the time value of money.

$6.$ Service cost Actuarial estimate of other

postretirement benefits to be

received by participants.

$```$

NUMBER