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The projected benefit obligation was $83 million at the beginning of the year. Service cost for the year was $12 million. At the end of
The projected benefit obligation was $83 million at the beginning of the year. Service cost for the year was $12 million. At the end of the year, pension benefits paid by the trustee were $8 million and there were no pension-related other comprehensive income accounts requiring amortization. The actuarys discount rate was 3%. What was the amount of the projected benefit obligation at year-end? (Enter your answer in millions rounded to 2 decimal places. Omit the "$" sign in your response.)
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