Defined Benefit Obligation definition

Defined Benefit Obligation has the meaning given such term in International Accounting Standard 19.
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Defined Benefit Obligation means the present value of all benefits attributed to past service. The actuarial method to be used to calculate the Defined Benefit Obligation is projected unit credit. Thus, for each future date at which a benefit might be payable under the plan, a projected benefit value ("PBV") is calculated. If the benefit formula is based on future compensation levels, then the PBV is calculated using an assumption as to future compensation levels, as specified in Schedule 1.1(e). If the projected benefit is to be paid out as an annuity, then the PBV is calculated by multiplying the projected benefit by an annuity present value calculated taking into account the mortality assumptions specified in Schedule 1.1
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Examples of Defined Benefit Obligation in a sentence

  • Within 1 year 3,762,735 32,663 1-2 year 33,721 36,434 2-3 year 37,398 40,410 3-4 year 824,525 884,919 4-5 year 22,399 28,029 5-10 year 403,832 699,718 Weighted average remaining duration of Defined Benefit Obligation 2.07.

  • The present value of Accrued Benefits shall be calculated as of the Closing Date in accordance with the assumptions set forth in attached Exhibit H and, to the extent an assumption is not specified therein, in accordance with the assumptions used by Ardagh as of December 31, 2018 for purposes of determining the Defined Benefit Obligation (DBO), for financial reporting purposes under International Accounting Standard IAS-19R.

  • In determining the net present value of the future benefit entitlement for service already rendered (Defined Benefit Obligation ("DBO”)), the expected rates of future salary increase and expected rates of future pension progression are considered.

  • The Actuarial Value will be calculated by actuaries appointed by Rio Tinto, using methods and assumptions that are consistent with those used for calculating the Defined Benefit Obligation under International Financial Reporting Standards (IFRS) for the purpose of the Rio Tinto Group accounts.