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show all work Question 1: O'Sheet Linen Company defined benefit pension plan specifies annual retirement benefits equal to 1.4% 0.014) X service years X final
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Question 1: O'Sheet Linen Company defined benefit pension plan specifies annual retirement benefits equal to 1.4% 0.014) X service years X final year's salary, payable at the end of each vear. Alan Devereaux was hired by O'Sheet at the beginning of 2012 and is expected to retire at he end of 2036 after 25 years of service. His retirement is expected to span 12 years. Devereaux's salary is $50.000 at the end of 2018 and the company's actuary projects be $150,000 at retirement. The actuary uses a discount rate of 5%. quired: 1. What is the company's projected benefit obligation at the beginning of 2018 (after 6 years' service with regard to Devereaux? 2. What is the cornpany's projected benefit obligation at the end of 2018 with respect to Devereaux? 3. What is the company's service cost for 2018 with respect to Devereaux? 1. What is the company's interest cost for 2018 with respect to DevereauxStep by Step Solution
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