The projected benefit obligation $($PBO$)$ is equal to the

actuarial present value of all benefits earned as of a specified date, both vested and nowrated, by mollyes

using current salary levels in the pension plan formula.

difference between the annual pension expense and the amount actually funded during the year.

actuarial present value of all benefits earned as of a specified date, both vested and noovisted by mployes

using anticipated future salary levels in the pension plan formula.

actuarial present value of benefits attributed by the pension plan formula to services readered by eqlyjes

during the current year.