Cablevision 2013 Annual Report Download - page 170

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COMBINED NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)
(Dollars in thousands, except per share amounts)
F-61
Investments at Estimated Fair Value
The fair values of the assets of the Pension Plan at December 31, 2013 by asset class are as follows:
___________________________
(a) A significant portion represents an investment in a short-term investment fund that invests primarily in securities of
high quality and low risk.
(b) Excludes net payables relating to the purchase of securities that were not settled as of December 31, 2013.
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 the sale of securities that were not settled as of December 31, 2012.
Benefit Payments and Contributions for Defined Benefit Plans
The following benefit payments, which reflect expected future service, as appropriate, are expected to be
paid:
2014 ................................................................................................................................................. $ 27,494
2015 ................................................................................................................................................. 30,733
2016 ................................................................................................................................................. 33,508
2017 ................................................................................................................................................. 33,707
2018 ................................................................................................................................................. 32,708
2019-2023 ........................................................................................................................................ 149,440
Of the amounts expected to be paid in 2014, the Company has recorded approximately $2,500 as a current
liability in its consolidated balance sheets at December 31, 2013, 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, 2013.
The Company currently expects to contribute approximately $68,000 to the Pension Plan in 2014.
Asset Class Level I Level II
Level III
Total
Fixed income securities:
Foreign issued corporate debt.......... $ - $ 26,998
$ -
$ 26,998
U.S. corporate debt ......................... - 75,068
-
75,068
Government debt ............................ - 11,993
-
11,993
U.S. Treasury securities .................. - 121,895
-
121,895
Cash equivalents(a) ............................ 8,444 29,019
-
37,463
Total(b)............................................ $8,444 $264,973
$ -
$273,417
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