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Present value of benefit obligation settled in advance 950,000 Past service cost during the year 300,000 Actual return on plan assets 850,000 Actuarial loss on

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Present value of benefit obligation settled in advance 950,000 Past service cost during the year 300,000 Actual return on plan assets 850,000 Actuarial loss on PBO during the year 200,000 Contribution to the plan 1,500,000 Benefits paid to retirees 1,000,000 Discount rate 10%

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