Reconciliation of Beginning and Ending ABO, PBO, and Plan Assets
The following table summarizes the 2007 activity affecting ABO, PBO, and Plan Assets and reconciles the beginning and ending balances per the actuarial report:
| Accumulated benefit obligation | Progression of salaries and wages | Projected benefit obligation | Fair value of plan assets1 | |
|---|---|---|---|---|
| Balance, January 1, 2007 | $ (1,500) | $ (400) | $ (1,900) | $ 1,376 |
| Service cost | (90) | (24) | (114) (a) | |
| Interest cost | (120) | (32) | (152) (b) | |
| Benefits paid to retired participants | 160 | 160 | (160) | |
| Actual return on plan assets | 158 (c) | |||
| Sponsor's contributions | 145 | |||
| Balance, December 31, 2007 | $ (1,550) | $ (456) | $ (2,006) | $ 1,519 |
[1] Assumed to be the same as market‐related value for this illustration.
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