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Pension data for Fahy Transportation Incorporated include the following: Discount rate, 8 % ( $ i n millions ) Expected return on plan assets, 1
Pension data for Fahy Transportation Incorporated include the following:
Discount rate,
$ millions
Expected return on plan assets,
Actual return on plan assets,
Projected benefit obligation, January
Plan assets fair value January
$
Plan assets fair value December
Benefit payments to retirees, December
Required:
Assuming cash contributions were made at the end of the year, what was the amount of those contributions?
Note: Enter your answer in millions ie should be entered as
Cash contributions
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