Question: Brief Exercise 17-3 (Algo) Changes in the projected benefit obligation (LO17-3] The projected benefit obligation was $360 million at the beginning of the year and

 Brief Exercise 17-3 (Algo) Changes in the projected benefit obligation (LO17-3]

Brief Exercise 17-3 (Algo) Changes in the projected benefit obligation (LO17-3] The projected benefit obligation was $360 million at the beginning of the year and $386 million at the end of the year. Service cost for the year was $24 million. At the end of the year, there were no pension-related other comprehensive income accounts. The actuary's discount rate was 5%. What was the amount of the retiree benefits paid by the trustee? Retiree benefits million

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