Pension plan assets were $$460$ million at the beginning of the year and $$487$ million at the end of the year. The return on plan assets was $5\%.$ At the end of the year, cash invested in the pension fund was $$25$ million.

What was the amount of the retiree benefits paid by the trustee?

Note: Enter your answer in millions $($i$.$e$.,10,000,000$ should be entered as $10).$

Answer rating: 100% (QA)

To determine the amount of retiree benefits paid by the trustee we need to calculate the change in p... View the full answer