Jack In The Box 2008 Annual Report Download - page 68

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Additional year-end pension plan information — The pension benefit obligation (“PBO”) is the actuarial
present value of benefits attributable to employee service rendered to date, including the effects of estimated future
pay increases. The accumulated benefit obligation (“ABO”) also reflects the actuarial present value of benefits
attributable to employee service rendered to date, but does not include the effects of estimated future pay increases.
Therefore, the ABO as compared to plan assets is an indication of the assets currently available to fund vested and
nonvested benefits accrued through the end of the fiscal year. The funded status is measured as the difference
between the fair value of a plan’s assets and its PBO.
As of June 30, 2008 and 2007, the qualified plans’ fair market value of plan assets exceeded the respective
accumulated benefit obligations. The non-qualified plan is an unfunded plan and, as such, had no plan assets as of
June 30, 2008 and 2007. The following sets forth the PBO, ABO and fair value of plan assets of our pension plans as
of the measurement date in each year (in thousands):
2008 2007
Qualified plans:
Projected benefit obligation ................................... $212,027 $224,895
Accumulated benefit obligation ................................ 184,295 190,866
Fair value of plan assets...................................... 228,772 216,679
Non-qualified plan:
Projected benefit obligation ................................... $ 40,634 $ 39,628
Accumulated benefit obligation ................................ 39,058 37,373
Fair value of plan assets...................................... — —
F-22
JACK IN THE BOX INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)