Cincinnati Bell 2004 Annual Report Download - page 162
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The associated pension plans’ assets consist of the following:
Pension Assets
Percentage of Plan
Assets at December 31,
Target
Allocation 2005 2004 2003
Plan Assets:
Fixed Income ....................................... 20%–38% 28.6% 28.9%
Equity Securities* .................................. 55%–65% 59.9% 60.5%
Real Estate .......................................... 8%–12% 11.5% 10.6%
Total ................................................ 100.0% 100.0%
* At December 31, 2004 and 2003, respectively, pension plan assets include $5.8 million and $7.0
million in Company common stock.
The associated postretirement and other plans’ assets consist of the following:
Postretirement and Other Assets
Health Care Group Life Insurance
Percentage of Plan
Assets at December 31,
Percentage of Plan
Assets at December 31,
Target
Allocation 2005 2004 2003
Target
Allocation 2004 2004 2003
Plan Assets:
Fixed Income ......... 30%–40% 42.8% 36.3% 35%–45% 20.3% 21.1%
Equity Securities ...... 60%–70% 57.2% 63.7% 55%–65% 32.0% 29.7%
Cash* ................. — — — — 47.7% 49.2%
Total .................. 100.0% 100.0% 100.0% 100.0%
* As of December 31, 2004, the Company held $13.2 million in cash to be used for group health benefits
under postretirement plans.
The Company expects to make a cash funding contribution to its pension plans and postretirement health
plans of approximately $2.5 million and $9.2 million, respectively in 2005.
The following benefit payments, which reflect expected future service, as appropriate, are expected to be
paid over the next ten years from the Company’s pension plans and postretirement health plans:
Pension Benefits
Postretirement and
Other Benefits Gross
Medicare Subsidy
Receipts
2005 ........................ $ 49.2 $ 25.2 $ —
2006 ........................ 60.3 26.2 (1.4)
2007 ........................ 40.0 27.1 (1.6)
2008 ........................ 39.7 27.7 (1.7)
2009 ........................ 40.1 28.1 (1.8)
Years 2010–2014 ............ 199.2 144.6 (12.0)
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