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Amount of amortization to pension expense

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Reference no: EM1310206

Assume that at the beginning of the current year, a company has a net gain-AOCI of $60,700,000. At the same time, assume the PBO and the plan assets are $303,000,000 and $451,300,000, respectively. The average remaining service period for the employees expected to receive benefits is 10 years. What is the amount of amortization to pension expense for the year?

• $14,830,000.
• $1,557,000.
• $1,554,000.
• $6,070,000.

Reference no: EM1310206

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