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The following information relates to the pension plan for the employees of Carla Vista Co.: 1/1/20 12/31/20 12/31/21 Accum. benefit obligation $ 9940000 $ 10360000
The following information relates to the pension plan for the employees of Carla Vista Co.:
1/1/20 | 12/31/20 | 12/31/21 | ||||||||||
Accum. benefit obligation | $ | 9940000 | $ | 10360000 | $ | 13300000 | ||||||
Projected benefit obligation | 10465000 | 11158000 | 14707000 | |||||||||
Fair value of plan assets | 9625000 | 11620000 | 12754000 | |||||||||
AOCI net (gain) or loss | -0- | ( 1582000 | ) | ( 1750000 | ) | |||||||
Settlement rate (for year) | 9% | 9% | ||||||||||
Expected rate of return (for year) | 9% | 8% |
Carla Vista estimates that the average remaining service life is 16 years. Carla Vista's contribution was $ 1393000 in 2021 and benefits paid were $ 1057000. The corridor for 2021 is
$ 1162000.
$ 929600.
$ 1323630.
$ 1176560.
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