Risk - Transfer Event - An action by a company to eliminate or reduce its pension benefit obligations. (pbgc.gov)
The measurement of the accumulated postretirement benefit obligation assumes a health care cost trend rate of 4.5 percent in 2016 and subsequent years. (sec.gov)
The decline in GM's pension liability could be even more significant when considering the low discount rate, just 3.5 %, it uses to measure its projected benefit obligations. (newconstructs.com)