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PACCAR Inc. reports the following information in its 2016 annual report (in millions): 2016 2015 Projected benefit obligation $2,505.6 $2,306.0 Pension plan assets 2,494.1 2,219.0
PACCAR Inc. reports the following information in its 2016 annual report (in millions):
|
| 2016 | 2015 |
| Projected benefit obligation | $2,505.6 | $2,306.0 |
| Pension plan assets | 2,494.1 | 2,219.0 |
- Calculate the funded status of the pension plan in 2016 and compare it to the funded status in 2015. Are these amounts significant?
- How does this funded status affect the companys balance sheet?
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Introduction To Actuarial Science
Authors: John James Hardy
1st Edition
1332733697, 978-1332733699
