Beginning Projected Benefit Obligation $3,125 Ending Projected Benefit Obligation $5,520 Beginning plan assets 1,555 Ending plan assets 2,905 Employer Contributions 950 Payments to retirees 1,120
A. The total periodic pension cost is $95 million. B. The total periodic pension cost is $1,045 million.
C. The total periodic pension cost is $1,995 million
Correct Answer A
Total periodic pension cost: Ending funded status-employer contributions beginning funded status 2,615-950-1,570 = $95 million
My calculation is Employer Contributions - ((End F/S)-(Beg F/S)) 950-((-2615)-(-1570)) = 1995 could this be an error from the Finquiz Mock