Question

The following items are related to a defined pension plan: Items relate to 2020 unless otherwise indicated a. December 31, 2020, projected benefit h. Interest cost on PBO obligation balance i. Amortization of prior service cost b. December 31, 2020, plan asset balance January 1, 2020, pension plan asset balance c. Loss (gain) related to changes in actuarial k. Pension benefits paid to retirees assumptions 1. January 1, 2020, projected benefit obligation d. Cash funding by the employer balance e. Prior service cost amendment m. Expected return on plan assets f. Net periodic pension expense n. Amortization of pension gain/loss 8. Actual return on plan assets o. Service cost Required Indicate whether each item a through o would be included in (1) a plan asset reconciliation, (2) a PBO reconcili- ation, and/or (3) a schedule of pension expense. An item may appear in more than one place.

Answer 1

Items to be included for Pln Asset Reconcilition (Opening Vs Closing)

S. No	Item name
j	Jan 1 2020 pension paln asset balance
d	Add: Cash funding by employer
g	Add: Actual return on Plan Assets
k	Less: Pension benefits paid to retirees
c	Add/Less: Loss/(gain) related to changes in acturial assumptions
b	Dec 31, 2020 plan asset balance

Items to be included in PBO Reconcilition:

S. No	Item Name
l.	Jan 1 2020 Projected benefit obligation
o	Add: Service cost
h	Add: Interest cost on PBO
d	Less: Cash funding by the employer
c	Add/Less: Loss/(gain) related to changes in acturial assumptions
a	Dec 31, 2020 projected benefit obligation balance

Schedule of Pension expense:

S. No	Item Name
o	Service cost
h	Interest cost on PBO
m	Expected return on plan assets
i	Amortization of prior service cost
n.	Amortization of Pension gain/loss
f	Net periodic pension Expense