2 (20 points)D C Advisory's defined benefit pension plan specifies annual retirement benefits equal to 1 5 x service years x final year's salary, payable at the end of each year Bobby Flay was hired by D C at the beginning of 2002 and is expected to retire at the end of 2046 after 45 years' service His retirement is expected to span 18 years Flay'ssalary is $80,000 at the end of 2016, and the company's actuary projects his salary to be $250,000 at retirement The actuary's discount rate is 7 Required 1 What is the company's projected benefit obligation at the beginning of 2016 (after 14 years' service) with respect to Flay 2 Estimate by the projected benefits approach the portion ofFlay'sannual retirement payments attributable to 2016 service 3 What is the company's service cost for 2016 with respect to Flay 4 What is the company's interest cost for 2016 with respect to Flay 5 Combine your answers to requirements 1, 3, and 4 to determine the company's projected benefit obligation at the end of 2016 (after 15 years' service) with respect to Flay 2 (20 points)D C Advisory's defined benefit pension plan specifies annual retirement benefits equal to 1 5 x service years x final year's salary, payable at the end of each year Bobby Flay was hired by D C at the beginning of 2002 and is expected to retire at the end of 2046 after 45 years' service His retirement is expected to span 18 years Flay'ssalary is $80,000 at the end of 2016, and the company's actuary projects his salary to be $250,000 at retirement The actuary's discount rate is 7 Required 1 What is the company's projected benefit obligation at the beginning of 2016 (after 14 years' service) with respect to Flay 2 Estimate by the projected benefits approach the portion ofFlay'sannual retirement payments attributable to 2016 service 3 What is the company's service cost for 2016 with respect to Flay 4 What is the company's interest cost for 2016 with respect to Flay 5 Combine your answers to requirements 1, 3, and 4 to determine the company's projected benefit obligation at the end of 2016 (after 15 years' service) with respect to Flay E

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2.(20 points)D&C Advisory's defined benefit pension plan specifies annual retirement benefits equal to: 1.5% x service years x final year's salary, payable at the end

2.(20 points)D&C Advisory's defined benefit pension plan specifies annual retirement benefits equal to: 1.5% x service years x final year's salary, payable at the end of each year.Bobby Flay was hired by D&C at the beginning of 2002 and is expected to retire at the end of 2046 after 45 years' service.His retirement is expected to span 18 years.Flay'ssalary is $80,000 at the end of 2016, and the company's actuary projects his salary to be $250,000 at retirement.The actuary's discount rate is 7%.

Required:

1.What is the company's projected benefit obligation at thebeginningof 2016 (after 14 years' service) with respect to Flay?

2.Estimate by the projected benefits approach the portion ofFlay'sannual retirement payments attributable to 2016 service.

3.What is the company's service cost for 2016 with respect to Flay?