The following table sets forth information regarding our DB Plan and our OPEB Plans as of
December 31, 2014 and for the year then ended:
(in thousands) DB Plan OPEB Plans
Projected benefit obligations $ 21,512 $ 3,000
Employer contribution 986 -
Benefits paid, excluding expenses (429) (34)
Fair value of plan assets 13,495 962
Accumulated benefit obligation 19,374 -
Funded status (8,017) (2,038)
Net periodic benefit cost 893 130
Amount of the funded status recognized in the
Consolidated Balance Sheet consisted of:
Current liability : (22)
Non-current liability (8,017) (2,016)
Total $ (8,017) $ (2,038)
Changes in plan assets and benefit obligations recognized in regulatory assets, for the year
ended December 31, 2015, were as follows:
(in thousands) DB Pian OPEB Plans
Regulatory asset balance, beginning of period $ = 6,668 $ (185)
Net actuarial loss 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
Changes in plan assets and benefit obligations recognized in regulatory assets, for the year
ended December 31, 2014, were as follows:
(in thousands) DB Pian OPEB Plans
Regulatory asset balance, beginning of period $ 3,815 $ (473)
Net actuarial gain incurred during the period 2,986 299
Prior service cost incurred during the period - (51)
Recognized net actuarial (gain)/loss (133) 40
Regulatory asset balance, end of period $ 6,668 § (185)
