sharks company implemented a defined benefit pension plan for its employees. the following data are provided for the current and prior year. determine the benefit payments to retirees in the current year, assuming no psc adjustment or gain or loss on the pbo in the current year and a discount rate of 7%. current year prior year projected benefit obligation, december 31 $187,500 $175,000 plan assets, december 31 168,750 150,000 service cost 22,500 determine the benefit payments to retirees in the current year, assuming no psc adjustment or gain or loss on the pbo in the current year and a discount rate of 7%.