Question: 1. Assume that the firm is using projected accrued benefit cost funding. Suppose that a plan amendment was introduced during 2002 granting one year of prior service (for the year 2000) to each employee
Required: Determine the contribution to the pension fund for 2002 and 200.
2. Using SFAS No. 87 and SFAS No. 106 for additional background, list and briefly discuss as many similarities and differences as you can between pension accounting and OPEB accounting.