Amtrak 2013 Annual Report Download - page 102

Download and view the complete annual report

Please find page 102 of the 2013 Amtrak annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 107

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107

National Railroad Passenger Corporation and Subsidiaries (Amtrak)
Notes to Consolidated Financial Statements (continued)
1411-1359280 63
13. Postretirement Employee Benefits (continued)
Estimated Future Benefit Payments
Based upon the assumptions used to measure the pension and other postretirement benefit
obligations as of September 30, 2013, and including pension and other postretirement benefits
attributable to estimated future employee service, Amtrak expects that pension benefits and other
postretirement benefits to be paid over the next ten years are as follows (in thousands):
Pension
Benefits
Other
Benefits
Year ending September 30:
2014 $ 18,335 $ 53,381
2015 19,915 58,090
2016 21,699 62,274
2017 23,495 64,668
2018 25,157 70,593
2019-2023 149,542 364,257
Contributions
Amtrak contributed $14.0 million to the defined benefit plan in fiscal year 2014. Also, in fiscal
year 2014, Amtrak contributed $53.4 million towards other postretirement benefits.
Assumptions
Weighted-average assumptions used to determine benefit obligations at September 30, 2013 and
2012 are as follows:
Pension Benefits Other Benefits
2013 2012 2013 2012
Discount rate 5.18% 4.35% 5.18% 4.35%
Rate of compensation increase 4.20% 4.20% N/A N/A