TB Problem Algo
Oberon Company provides postretirement health care benefits to employees who provide at
least years of service and reach the age of while in service. On January of the current
year, the following planrelated data were available.
Net losspostretirement benefit plan
APBO balance
Fair value of plan assets
Average remaining service period to retirement
Average remaining service period to full eligibility
$
$
none
mathrm years
years
On January of the current year, Oberon amended the plan to provide dental benefits. The
actuary determines that the cost of making the amendment increases the APBO by $
Management chooses to amortize this amount on a straightline basis. The service cost is
$ The appropriate interest rate is
Required:
Calculate the postretirement benefit expense for the current year. Round your answers to the
nearest thousands of dollars.
Answer is complete but not entirely correct.
