The following table sets forth information regarding our D8 Plan and our OPEB Plans as of
December 31, 2019 and for the year then ended:
{in thousands) DB Plan OPEB Plans
Projected benefit obligations $ 34,158 $ 4,586
Employer contribution 1,181 11
Benefits paid, excluding expenses (695) {63)
Fair value of plan assets 21,187 604
Accumulated benefit obligation 30,643 -
Funded status (12,971) {3,982)
Net periodic benefit cost 1,494 279
Amount of the funded status recognized in the
Consolidated Balance Sheet consisted of:
Current liability - -
Non-current liability (12,971) (3,982)
Total $ (12,971) $ (3,982)
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, 2020, were as follows:
(in thousands} DB Plan OPEB Plans
Regulatory asset balance, beginning of period S$ 10,269 S 1,078
Net actuarial gain incurred during the period 2,733 621
Prior service cost incurred during the period - 16
Recognized net actuarial (gain)/loss 477 (43)
Regulatory asset balance, end of period S 12,525 S 1,672
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