The event in which the total benefit obligation of a pension plan is larger than the current but not the projected future value of the pension plan's assets. This gives rise to unfunded liabilities within the pension plan, should the pensioners opt to utilize the assets promised to them in the pension contract.
Related information about minimum pension liability:
- Minimum Pension Liability: Definition from Answers.com
Condition that is recognized when the accumulated benefit obligation is greater than the fair value of plan assets.
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- Gannett Fundamentals | Gannett.com
3 days ago ... Minimum Pension Liability Adjustment represents gains or losses realized from maintaining the minimum amount of liability necessary for ...
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Minimum Pension Liability Adjustment represents the minimum amount of additional liability necessary for pension liability on the balance sheet to equal the ...