Defined Benefit data for Fox Co. 2020 calendar year Worksheet: Expected return on plan assets: 5% Cash contributions: $ 50,000 Settlement or Discount rate: 4% Service cost: 70,000 Actual return on plan assets: 10% Benefit payments: 60,000 Beginning 2020 Year Info (December 31, 2019 balances): Plan Assets $ 800,000 Projected Benefit Obligation (PBO) 900,000 Accumulated net OCI Loss (average service life 25 years) 500,000 Prior Service Cost (PSC - 50 employees retiring below) 300,000 10 retire in 3 years, 25 retire in 4 years, 15 retire in 8 years Use cost per service year approach to amortize PSC