Question
Assume the following information for Temples defined benefit pension plan for the fiscal year ending 2016 (all amounts are in Dollars): Employer Contributions 1,500 Current
Assume the following information for Temples defined benefit pension plan for the fiscal year ending 2016 (all amounts are in Dollars): Employer Contributions 1,500 Current service costs 1,850 Past service costs 120 Beginning of year PBO 39,000 End of year PBO ???? Increase due to actuarial estimates 628 Beginning of year plan assets 28,000 End of year plan assets ???? Actuarial return on plan assets 1,795 Benefits paid 635 Unamortized actuarial losses (GAAP) 3,150 Expected rate of return on plan assets 6.0% Discount rate 7.5% Calculate the end of year PBO.
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