Question: Refer to Appendix 16-A. Assume that the firm is using projected accrued benefit cost funding. Suppose that a plan amendment was introduced during 2002 granting

Refer to Appendix 16-A. 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 2003.

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