The following table sets forth information regarding our DB Plan and our OPEB Plans as of
December 31, 2015 and for the year then ended:
(in thousands) DB Plan OPEB Plans
Projected benefit obligations $ 22,158 $ 2,861
Employer contribution 936 298
Benefits paid, excluding expenses (497) (37)
Fair value of plan assets 13,872 619
Accumulated benefit obligation 19,911 N/A
Funded status (8,286) (2,242)
Net periodic benefit cost 1,215 158
Amount of the funded status recognized in the
Consolidated Balance Sheet consisted of:
Current liability - -
Non-current liability (8,286) (2,242)
Total $ (8,286) $ (2,242)
Changes in plan assets and benefit obligations recognized in regulatory assets, for the year
ended December 31, 2016, were as follows:
(in thousands) DB Plan OPEB Plans
Regulatory asset balance, beginning of period $ 6,658 $ 237
Net actuarial loss incurred during the period 737 145
Prior service cost incurred during the period - 17
Recognized net actuarial (gain)/loss (328) (9)
Regulatory asset balance, end of period $ 7,067 $ 390
Changes in plan assets and benefit obligations recognized in regulatory assets, for the year
ended December 31, 2015, were as follows:
(in thousands) DB Plan OPEB Plans
Regulatory asset balance, beginning of period $ 6,668 $ (185)
Net actuarial gain incurred during the period 347 332
Prior service cost incurred during the period - 16
Recognized net actuarial (gain)/loss (357) 74
Regulatory asset balance, end of period $ 6,658 $ 237
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