The following table sets forth information regarding our DB Plan and our OPEB Plans as of
December 31, 2016 and for the year then ended:
(in thousands) DB Plan OPEB Plans
Projected benefit obligations $ 23,899 $ 3,165
Employer contribution 970 10
Benefits paid, excluding expenses (1,056) (47)
Fair value of plan assets 14,889 586
Accumulated benefit obligation 21,547 -
Funded status (9,010) (2,578)
Net periodic benefit cost 1,284 194
Amount of the funded status recognized in the
Consolidated Balance Sheet consisted of:
Current liability - -
Non-current liability (9,010) (2,578)
Total $ (9,010) $ (2,578)
Changes in plan assets and benefit obligations recognized in regulatory assets, for the year
ended December 31, 2017, were as follows:
(in thousands) DB Plan OPEB Plans
Regulatory asset balance, beginning of period $ 7,067 $ 390
Net actuarial loss incurred during the period 871 259
Prior service cost incurred during the period - 16
Recognized net actuarial (gain)/loss (345) (14)
Regulatory asset balance, end of period $ 7,593 $ 651
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 gain 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
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