Post by
CaptainBigDaddy on Nov 02, 2021 5:29pm
Non existent Corby Pension Liabilty -- from Annual Report
Here - this is a snippet from the Annual Report - which everyone can read for themselves -- report shows that the Corby pension is now overfunded by $1.3 milion - as of June 30, 2021 -- whereas it was underfunded by $10.5 milion as of June 30, 2020.
A summary of the Company’s defined benefit obligation and plan assets is as follows:
June 30,
2021
June 30,
2020
Present value of defined benefit obligation of unfunded plans $ (8,836) $ (10,332)
Present value of defined benefit obligation of partially funded plans (10,364) (10,795)
Present value of defined benefit obligation of fully funded plans (46,059) (49,211)
Total present value of defined benefit obligation (65,259) (70,338)
Fair value of plan assets 66,573 59,778
NET DEFINED BENEFIT ASSET (LIABILITY) $ 1,314 $ (10,560)