Question: Batch Company employs knowledge workers and is finding that its employees are retiring closer to age 7 5 than to age 6 5 . As

Batch Company employs knowledge workers and is finding that its employees are retiring closer to age 75 than to age 65. As a result, the company recently amended its defined benefit pension plan such that benefits will begin at age 72, with certain exceptions for those employees demonstrating an earlier need, instead of at age 60. Batch Company has been able to measure the actuarial present value of this amendment, which is the change in the projected benefit obligation (PBO) that results from the change.
How will this affect pension expense in current and future periods?

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