25 percent on the projected and accumulated benefit obligations
would be to decrease or even eliminate the underfunded portion of Mottins' retirement plans.
DB plan, the funding ratio on accumulated benefit obligations
increased from 95 percent at the start of 2004 to 99 percent at the beginning of 2005, while funding of projected benefit obligations rose from 88 percent to 91 percent.
Lincoln's defined benefit plan is well-funded, with approximately $550 million in assets at the end of 2005, compared with accumulated benefit obligations
of $562 million.
Disclosures about pension plans with assets in excess of the accumulated benefit obligation generally may be aggregated with disclosures about pension plans with accumulated benefit obligations in excess of assets.
The aggregate pension accumulated benefit obligation and aggregate fair value of plan assets for pension plans with accumulated benefit obligations in excess of plan assets.
Until this Statement is fully adopted, financial statements that exclude foreign plans from (a) the actual allocation of assets, (b) the description of investment strategies, (c) the basis used to determine the expected long-term rate-of-return-on-assets assumption, of (d) the amount of accumulated benefit obligation should include, separately for domestic plans, the total fair value of plan assets as of the measurement date(s) used for the latest statement of financial position presented and the overall expected long-term rate of return on assets for the latest period for which a statement of income is presented.
Disclosures about pension plans as well as other post-retirement benefits with assets exceeding the accumulated benefit obligation may be aggregated with disclosures about pension plans as well as other post-retirement benefits with accumulated benefit obligations exceeding assets.
The FASB in this standard eliminates the following previous disclosure requirements pertaining to pensions and other post-retirement benefits: (1) accumulated pension benefit obligations [ABO] only for plans having assets in excess of the ABO, but not for plans in which the ABO exceeds the plan assets; (2) vested benefit obligations; and (3) an analysis of other post-retirement accumulated benefit obligations for retirees, other fully eligible individuals, and active, but not fully eligible, participants.
The Company also believes that the principal balance sheet effect of the restatement, as of December 31, 2003, will be to reflect total unfunded accumulated benefit obligations
with respect to the Media pension plan of $19.
The actual charge to equity may differ materially from Delta's estimate because Delta has not yet finally determined its accumulated benefit obligations
under the Pension Plans as of Sept.
The percentage of companies whose defined benefit pension plans have sufficent assets to cover their accumulated benefit obligations
has been falling for the past few years, according to Buck Consultants, Inc.
Due to a decline in the market value of these plans' assets in 2002, and the decline of interest rates used in discounting benefit liabilities, the pension assets at the end of 2002 were approximately $1 million less than the accumulated benefit obligations