The projected benefit obligation was $440 million at the
beginning of the year and $472 million at the end of the year.
Service cost for the year was $30 million. At the end of the year,
there were no pension-related other comprehensive income accounts.
The actuary’s discount rate was 5%.
What was the amount of the retiree benefits paid by the
trustee?
Retiree benefit paid = Beginning PBO + Service cost + Interest cost - Ending PBO
= $440 + 30 + 440*5% - 472
= $20 million
The projected benefit obligation was $440 million at the beginning of the year and $472 million...
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