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The projected benefit obligation was $160 million at the beginning of the year and $165 million at the end of the year. Service cost for
The projected benefit obligation was $160 million at the beginning of the year and $165 million at the end of the year. Service cost for the year was $6 million. At the end of the year, pension benefits paid by the trustee were $2 million. The actuary's discount rate was 5%.At the end of the year, the actuary revised the estimate of the percentage rate of increase in compensation levels in upcoming years. What was the amount of the gain or loss the estimate change caused? million Pension plan assets were $1,800 million at the beginning of the year and $1,894 million at the end of the year. At the end of the year, retiree benefits paid by the trustee were $40 million and cash invested in the pension fund was $44 million What was the percentage rate of return on plan assets? Rate of return on assets % On January 1, 2018, Burleson Corporation's projected benefit obligation was $48 milllion. During 2018 pension benefits paid by the trustee were $6 million. Service cost for 2018 is $13 million. Pension plan assets (at fair value) increased during 2018 by $8 million as expected. At the end of 2018, there was no prior service cost and a negligible balance in net loss-AOCI. The actuary's discount rate was 10%. Required: Determine the amount of the projected benefit obligation decimal places (i.e., 5,500,000 should be entered as 5.50). Amounts to be deducted should be indicated with a minus sign.) at December 31, 2018.. (Enter your answers in millions rounded to 2 Projected Benefit Obligation Beginning of 2018 Service cost Interest cost Retiree benefits $ 0.00 End of 2018
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