The expected postretirement benefit obligation $($EPBO$)$ is

Select one:

a$.$ Similar to the defined benefit pension plan$$s projected benefit obligation because it is the obligation attributable to employee service rendered to date.

b$.$ The actuarial present value of the total benefits expected to be paid assuming full eligibility is achieved.

c$.$ Recognized over the life expectancy of the employees when most participants are fully eligible to receive benefits.

d$.$ Used to calculate the interest component of OPBs expense before full eligibility is achieved.