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1) What is the value of the companys defined benefit pension liability, plan assets, and funded status for the last three years?
2) Estimate the discount rate for each year
Pension | | | | |
At Decemeber 31 | 2021 | 2020 | 2019 | |
Change in Benefit Obligations | | | | |
Beginning of year | $22,236 | 21,248 | $19,567 | |
Service cost | 282 | 305 | 247 | |
Interest cost | 394 | 505 | 695 | |
Plan amendments | | | | |
Actuarial (gain) loss, net | -605 | 2308 | 2860 | |
Benefits paid | -816 | -842 | -1248 | |
Curtailment and termination benefits | 6 | - | - | |
Settlements paid | -1330 | -1288 | -873 | |
End of year | 20,167 | 22,236 | 21,248 | |
| | | | |
Change in Plan Assets | | | | |
Beginning of year | 20,128 | 19451 | 17,816 | |
Actual return on plan assets | 2,049 | 2750 | 3385 | |
Company contributions | 56 | 57 | 371 | |
Benefits paid | -816 | -842 | -1,248 | |
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