Cablevision 2012 Annual Report Download - page 193
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COMBINED NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)
(Dollars in thousands, except per share amounts)
I-65
Investments at Estimated Fair Value
The fair values of the assets of the Pension Plan at December 31, 2012 by asset class are as follows:
________________
(a) A significant portion represents investments in mutual funds that invest primarily in money market securities.
(b) Excludes net receivables relating to securities sales that were not settled as of December 31, 2012.
The fair values of the assets of the Pension Plan at December 31, 2011 by asset class are as follows:
________________
(a) A significant portion represents investments in mutual funds that invest primarily in money market securities.
(b) Excludes net receivables relating to securities sales that were not settled as of December 31, 2011.
Benefit Payments and Contributions for Defined Benefit Plans
The following benefit payments, which reflect expected future service, as appropriate, are expected to be
paid:
2013 ........................................................................................................................................................ $ 26,619
2014 ........................................................................................................................................................ 30,139
2015 ........................................................................................................................................................ 34,863
2016 ........................................................................................................................................................ 37,427
2017 ........................................................................................................................................................ 36,871
2018-2022 ............................................................................................................................................... 215,761
Of the amounts expected to be paid in 2013, the Company has recorded $2,169 as a current liability in its
consolidated balance sheets at December 31, 2012, since this amount represents the aggregate benefit
payment obligation payable in the next twelve months for the Company's nonqualified Excess Cash
Balance Plan and CSC Supplemental Benefit Plan at December 31, 2012.
The Company currently expects to contribute $14,000 to the Pension Plan in 2013.
Asset Class Level I Level II Level III Total
Fixed income securities:
Foreign issued corporate debt ..........
.
$ - $ 28,028 $ - $ 28,028
U.S. corporate debt ..........................
.
- 72,214 - 72,214
Government debt ..............................
.
- 18,215 - 18,215
U.S. Treasury securities ...................
.
- 153,089 - 153,089
Other ................................................
.
- 75 - 75
Cash equivalents(a) .............................
.
17,630 324 - 17,954
Total(b) .............................................
.
$17,630 $271,945 $ - $289,575
Asset Class Level I Level II Level III Total
Fixed income securities:
Foreign issued corporate debt ..........
.
$ - $ 22,832 $ - $ 22,832
U.S. corporate debt ..........................
.
- 73,650 - 73,650
Government debt ..............................
.
- 21,070 - 21,070
U.S. Treasury securities ...................
.
- 153,870 - 153,870
Other ................................................
.
- 71 - 71
Cash equivalents(a) .............................
.
18,111 724 - 18,835
Total(b) .............................................
.
$18,111 $272,217 $ - $290,328