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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