The following table sets forth information regarding our DB Plan and our OPEB Plans as of
December 31, 2020 and for the year then ended:
{in thousands) DB Plan OPEB Plans
Projected benefit obligations $ 39,050 S 5,549
Employer contribution 1,491 11
Benefits paid, excluding expenses (1,964) (72)
Fair value of plan assets 23,626 639
Accumulated benefit obligation 35,020 -
Funded status (15,424) (4,910)
Net periodic benefit cost 1,688 345
Amount of the funded status recognized in the
Consolidated Balance Sheet consisted of:
Current liability - "
Non-current liability (15,424) (4,910)
The components of net periodic benefit cost other than the service cost component are
included in the line item operations and maintenance in the consolidated statements of
income (loss), as the amounts are immaterial.
Changes in plan assets and benefit obligations recognized in regulatory assets, for the year
ended December 31, 2021, were as follows:
(in thousands) DB Plan OPEB Plans
Regulatory asset balance, beginning of period $ 12,525 $ 1,672
Net actuarial gain incurred during the period (3,420) (510)
Prior service cost incurred during the period - 16
Recognized net actuarial gain (651) (72)
Regulatory asset balance, end of period S 8,454 S 1,106
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