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Note 6 - Employee Retirement Benefit Plans: Schedule of Costs of Retirement Plans (Tables)
12 Months Ended
Dec. 31, 2014
Tables/Schedules  
Schedule of Costs of Retirement Plans

 

 

Pension Plan

SERP

 

2014

2013

2014

2013

Changes in benefit obligation

 

 

 

 

Projected benefit obligation as of beginning of the year

$48,091

$53,075

$4,846

$5,571

Service cost

-

-

-

-

Interest cost

2,275

1,591

218

164

Actuarial (gain) loss

14,942

(6,000)

308

(389)

Benefits paid

(477)

(575)

(501)

(500)

Settlement payments

-

-

-

-

  Projected benefit obligation as of end of the year

$64,831

$48,091

$4,871

$4,846

 

 

 

Pension Plan

SERP

Changes in plan assets

2014

2013

2014

2013

Fair value of plan assets as of beginning of the year

$29,073

$24,760

$-

$-

Actual return on plan assets

1,125

4,785

-

-

Contributions

-

103

501

500

Benefits paid

(477)

(575)

(501)

(500)

Settlements payments

-

-

-

-

   Fair value of plan assets as of end of the year

$29,721

$29,073

$-

$-