Funded Status of Pension Plan (long form)

Plan Assets	PBO
FV at beginning of the year	PBO at the beginning of the year
+ Contributions	+ Service cost
+ Actual return	+ Interest cost
– Benefits Paid	+ Past service cost (Amendments)
	+/- Actuarial loses/gains
	– Benefits paid
Fair value at the end of the year	PBO at the end of the year

Plan Assets > PBO -> Overfunded
Plan Assets < PBO -> Underfunded

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