Problem 17-20 Postretirement benefits; relationship among elements of postretirement benefit plan [LO17-9, 17-10, 17-11]

The information below pertains to the retiree health care plan of Thompson Technologies:

	($ in 000s)
	2013 Beginning Balances		2013 Ending Balances
Accumulated postretirement benefit obligation	$	600	$	625
Plan assets		0		75
Funded status		(600)		(550)
Prior service costAOCI		175		150
Net gainAOCI		(61)		(60)

Thompson began funding the plan in 2013 with a contribution of $138,000 to the benefit fund at the end of the year. Retirees were paid $52,000. The actuarys discount rate is 6%. There were no changes in actuarial estimates and assumptions.

Required:

1.	Determine the service cost for 2013. (Enter your answer in thousands.)

2.	Determine the postretirement benefit expense for 2013. (Enter your answer in thousands.)

3.	Determine the net postretirement benefit liability for 2013. (Enter your answer in thousands.)