Amtrak 2013 Annual Report Download - page 94

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National Railroad Passenger Corporation and Subsidiaries (Amtrak)
Notes to Consolidated Financial Statements (continued)
1411-1359280 55
13. Postretirement Employee Benefits (continued)
Pension Benefits Other Benefits
2013 2012 2013 2012
Reconciliation of fair value of plan
assets:
Plan assets at October 1 $ 345,864
$ 299,572
$ –
$ –
Actual gain on plan assets 40,155 50,893 ––
Employer contributions 25,000 10,679 41,152 39,223
Participant contributions ––1,710 1,643
Medicare Part D subsidy ––935 1,011
Benefit payments, net (17,411) (15,280) (43,797) (41,877)
Plan assets at September 30 $ 393,608
$ 345,864
$ –
$ –
Funded status:
Net liability recognized in
Consolidated Balance Sheets $ (28,491) $ (111,306) $ (1,120,535)
$ (1,356,892)
Accumulated Benefit Obligation
at September 30 $ (378,388) $ (397,266) $ (1,120,535)
$ (1,356,892)
Pension and other postretirement benefit amounts recognized in the Consolidated Balance Sheets
at September 30, 2013 and 2012 are as follows (in thousands):
Pension Benefits Other Benefits
2013 2012 2013 2012
Current liabilities $ 18,335
$ 17,037
$ 53,381
$ 48,222
N
oncurrent liabilities 10,156 94,269 1,067,154 1,308,670
N
et amount recognize
d
$ 28,491
$ 111,306
$ 1,120,535
$ 1,356,892