Asset ceiling for net pension asset?

CFA Level II FRA
#1

According to Elan practice Question 8 for reading 20:

“Since the Pension Obligation is lower than the fair value of plan assets, Company B would report a net pension asset”. - Okay, great I get that.

But I don’t ever remember coming across this asset ceiling in my studies - “The amount recognized would be the lower of the surplus (91.2-85.4=$5.8M) AND THE ASSET CEILING (2.5m).”

Is this 2.5m asset ceiling derived from a calculation or is it the same ceiling for all net pension assets?

#2

Asset ceiling is the PV of future economic benefits, such as refunds from the plan or reductions of future contributions. And it is usually given in the questions already. You don’t have to calculate it.

#3

Just realised it was in the question but it was on the next page. Thanks for the help Yumi