Defined benefit obligation, 1/1/17 (before amendment) Plan assets, 1/1/17 Pension asset/liability On January 1, 2017, Doreen Corp., through plan amendment, grants past service benefits having a present value of Discount rate $560,000 546,200 13,800 Cr. 120,000 9% Service cost 58,000 Contributions (funding) Actual return on plan assets Benefits paid to retirees 65,000 49,158 40,000

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Employee Benefits

In an organization employees are the most important resource and most important asset. They can lead an organization to the sky or can be the reason for unsuccessful of business. Therefore, it is very much important that employees of an organization should be satisfied by the environment of the organization and most importantly with the salary, wages incentives, etc.