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Pension plan assets were $320 million at the beginning of the year and $340 million at the end of the year. The return on plan
Pension plan assets were $320 million at the beginning of the year and $340 million at the end of the year. The return on plan assets was 5%. At the end of the year, cash invested in the pension fund was $18 million. What was the amount of the retiree benefits paid by the trustee? Retiree benefits million The projected benefit obligation was $180 million at the beginning of the year. Service cost for the year was $22 million. At the end of the year, pension benefits paid by the trustee were $12 million and there were no pension-related other comprehensive income accounts requiring amortization. The actuary's discount rate was 5%. The actual return on plan assets was $11 million although it was expected to be only $10 million What was the pension expense for the year? millon Pension expense million
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