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PENSIONS Actuary and trustee reports indicate the following changes in the PBO and plan assets of Reeves Uniforms during 2016: Prior service cost at Jan.
PENSIONS | |
Actuary and trustee reports indicate the following changes in the PBO and plan assets of Reeves Uniforms during 2016: | |
Prior service cost at Jan. 1, 2016, from plan amendment at the beginning of 2014 (amortization: $8 million per year) | |
$64 million | |
Net loss-pensions at Jan.1, 2016 (previous losses exceeded previous gains) | $80 million |
Average remaining service life of the active employee group | 10 years |
Actuary |
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