Rogers Sugar Inc. is headquartered in Vancouver, but has operations in Alberta, Ontario, Quebec, and New Brunswick. The company is the largest producer of refined sugar in Canada and also packages and markets sugar products. Note 20 to the company’s 2020 financial statements, dealing with employee benefits, is presented in Exhibit 10.13 (amounts in thousands of dollars).

Required 

a. What types of pension plans does Rogers Sugar have? 

b. What was the total plan obligation for Rogers Sugar’s defined benefit plans as at October 3, 2020?

c. What was the fair value of the defined benefit plan assets for Rogers Sugar as at October 3, 2020?
d. Were Rogers Sugar’s defined benefit plans underfunded, overfunded, or fully funded? If they were underfunded or overfunded, by what amount?

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20. Employee Benefits The Company sponsors defined benefit pension plans for its employees ("Pension benefit plans"), as well as health care benefits, medical plans and life insurance coverage ("Other benefit plans"). The following table presents a reconciliation of the pension obligations, the plan assets and the funded status of the benefit plans: Fair value of plan assets: Pension benefit plans Defined benefit obligation: Pension benefit plans Other benefit plans Funded status: Pension benefit plans Other benefit plans Experience adjustment arising on plan liabilities Experience adjustment arising on plan assets October 3, 2020 $103,373 $145,667 16,918 $162,585 $(42,294) (16,918) $(59,212) $ 2,881 $ (3,026) September 28, 2019 $105,323 $139,952 17,181 $157,133 $ (34,628) (17,182) $(51,810) $ 19,363 $ (539)