Defined benefit pension plan was initiated at the beginning of Year Retroactive benefits awarded but not funed on the adoption date $ Retro benefits to be amortized SL over average remaining service life of years.
Actuarial & funding info $:
Year :
Service Cost:
Beginning PBO:
Beginning Plan Asset FV:
Discount Rate:
Expected LT ROR:
Actual ROR:
Plan Contributions made on last day of year:
Ending PBO:
Ending Plan Asset FV:
Year :
Service Cost:
Beginning PBO:
Beginning Plan Asset FV:
Discount Rate:
Expected LT ROR:
Actual ROR:
Plan Contributions made on last day of year:
Ending PBO:
Ending Plan Asset FV:
Compute Pension Expense for Year and Year
Prepare Pension Plan Journal Entrys for Year and Year
Track balances in PBO & Plan Asset T accounts over the years. At the end of each year, indicate if a net pension asset or a net pension liability would be reported and specify the dollar amount.
