(v5.00.520) Underfunded Pension Liabilities

Excess of vested benefits (“normal cost”) over the sum of pension fund assets and balance sheet accruals. For a more conservative estimate, include the unvested portion with vested benefits. Underfunded Pension Liabilities (v5.00.520) is an obligation that must be deducted from Corporate Value (v5060) or Economic Profit Corporate Value (v5785) to arrive at Shareholder Value (v5070) or Economic Profit Shareholder Value (v5795), respectively.