How would an employee electing to receive early withdrawals or payments from their pension plan effect pension expense and journal entries? I am working on a homework problem that is based on a defined benefit pension plan that started on January 1, 20X1. The plan is for a single employee and requires no contribution from the employee and offers immediate full vesting.I am being asked to calculate net pension expense for 20X1, 20X2 and 20X3 and prepare the journal entries required to record pension related activities for each year. The employee elected to receive early withdrawals or payments from the pension plan in 20X1, 20X2, and 20X3 of $1,400 at the end each year (prior to retirement) Would this be a separate journal entry? How would it affect the PBO account?