Interest (Cost) Rate Expected Rate of Return on Plan Assets Actual Rate of Return on Plan Assets 8% 6% 4% Projected benefit obligation at the beginning of 2002 Service cost, 2002 Loss (Gain) on PBO for the current year Less: Benefits paid to retirees during the year $ 350,000 $ 42,000 $ (26,000) CY G/L on PBO from changes in assumptions $ (33,000) Projected benefit obligation at the end of 2002 $ 361,000 Plan assets at the beginning of the year Cash contributions to the pension plan in 2002 Less: Benefits paid to retirees during the year (same as above) Plan assets at the end of 2002 $ 380,000 $ 48,000 $ (33,000) $ 410,200 Beginning balance in cash account $ 80,000 Additional information reported from the actuary and plan trustee: Prior Service Costs incurred beginning of 2001 due to a plan amendment Beginning 2002 year balance AOCI for Net Gain (prev. gains > prev. losses) $ 75,375 PY changes to plan formula $ (77,000) PY difference between actual/expected return on plan assets AND PY G/L on PBO from assumptions 15 years Average remaining service years of employees Beginning of year 2002 balance in AOCI for PSC $ 62,000 50 57 58 14. What is the funded status of the Pension Plan as of the end of Year 2002? Enter the amount as a positive for Overfunded or as 59 negative for Underfunded. Do not use any symbols. 50 51 Chatrang imaan tout