The PRMBS is closed to new entrants effective on 1 September 1998 and 1 September 1990 for the Group and the Company, respectively. There is no minimum funding requirement under the current law. The PRMBS is unfunded. The PRMBS exposes the Group and the Company to risks from interest rates and from defined benefits being greater than expected due to assumptions such as projection of medical benefit costs and mortality not being borne out. There has not been any settlement or curtailment during the current financial year. The movements in the financial statements are as follows: RBTF PRMBS Total Defined benefit obligation RM’million Fair value of plan asset RM’million Net defined benefit liability RM’million RM’million RM’million Group At 1 January 2023 1,920.1 (1,854.3) 65.8 11,492.4 11,558.2 Included in profitor loss Current service costs 67.9 0 67.9 0 67.9 Interest cost/(income) 90.7 (93.5) (2.8) 605.3 602.5 158.6 (93.5) 65.1 605.3 670.4 Included in OCI Remeasurement of loss (Note 38): - Actuarial loss/(gain) arising from: - financial assumptions 60.5 0 60.5 960.5 1,021.0 - experience assumptions (173.0) 0 (173.0) (64.5) (237.5) - demographic assumptions 0 0 0 (2.7) (2.7) - Return on plan assets excluding interest income 0 86.5 86.5 0 86.5 (112.5) 86.5 (26.0) 893.3 867.3 Others Contribution paid by the employer 0 (229.1) (229.1) 0 (229.1) Benefits paid (310.0) 308.3 (1.7) (641.1) (642.8) (263.9) 72.2 (191.7) 857.5 665.8 At 31 December 2023 1,656.2 (1,782.1) (125.9) 12,349.9 12,224.0 Non-current assets (147.1) 0 (147.1) Current liabilities 0.5 615.3 615.8 Non-current liabilities 20.7 11,734.6 11,755.3 (125.9) 12,349.9 12,224.0 NOTES TO THE FINANCIAL STATEMENTS 31 December 2023 FINANCIAL STATEMENTS Sec 5 261 24 EMPLOYEE BENEFITS (CONTINUED) The movements in the financial statements are as follows: (continued) RBTF PRMBS Total Defined benefit obligation RM’million Fair value of plan asset RM’million Net defined benefit liability RM’million RM’million RM’million Group At 1 January 2022 2,231.9 (1,919.8) 312.1