Data pertaining to the postretirement health care benefit plan of Sterling Properties include the following for 2013:
|
($ in 000s) |
| Service cost |
$ |
134 |
|
| Accumulated postretirement benefit obligation, January 1 |
|
600 |
|
| Plan assets (fair value), January 1 |
|
110 |
|
| Prior service cost-AOCI |
|
none |
|
| Net gain-AOCI (2013 amortization, $1) |
|
99 |
|
| Retiree benefits paid (end of year) |
|
87 |
|
| Contribution to health care benefit fund (end of year) |
|
195 |
|
| Discount rate, 7% |
|
|
|
| Return on plan assets (actual and expected), 10% |
|
|
|
|
| 1. |
Determine the postretirement benefit expense for 2013. (Enter your answer in thousands.)
|