Citibank 2011 Annual Report Download - page 192

170
A one-percentage-point change in the expected rates of return would have the following effects on pension expense:
One-percentage-point increase One-percentage-point decrease
In millions of dollars 2011   2011  
%FFECTæONæPENSIONæEXPENSEæFORæ53æPLANS $(118)   $ 118    
%FFECTæONæPENSIONæEXPENSEæFORæNON53æPLANS (62)   62 æ æ
Plan Assets
Citigroup’s pension and postretirement plans’ asset allocations for the U.S. plans at the end of 2011 and 2010, and the target allocations for 2012 by asset
category based on asset fair values, are as follows:
Target asset
allocation
U.S. pension assets
at December 31,
U.S. postretirement assets
at December 31,
Asset category (1)  2011  2011 
%QUITYæSECURITIESæ  16%  16% 
$EBTæSECURITIES  44  44 
2EALæESTATE  55
0RIVATEæEQUITY  13  13 
/THERæINVESTMENTS  22  22 
Total 100%  100% 
æ 4ARGETæASSETæALLOCATIONSæFORæTHEæ53æPLANSæAREæSETæBYæINVESTMENTæSTRATEGYæNOTæBYæINVESTMENTæPRODUCTæ&ORæEXAMPLEæPRIVATEæEQUITIESæWITHæANæUNDERLYINGæINVESTMENTæINæREALæESTATEæAREæCLASSIFIEDæINæTHEæREALæESTATEæASSETæ
CATEGORYæNOTæPRIVATEæEQUITY
æ %QUITYæSECURITIESæINæTHEæ53æPENSIONæPLANSæINCLUDEæNOæ#ITIGROUPæCOMMONæSTOCKæATæTHEæENDæOFææANDæ
Third-party investment managers and advisors provide their services to
Citigroup’s U.S. pension plans. Assets are rebalanced as the Pension Plan
Investment Committee deems appropriate. Citigroup’s investment strategy,
with respect to its pension assets, is to maintain a globally diversified
investment portfolio across several asset classes that, when combined with
Citigroup’s contributions to the plans, will maintain the plans’ ability to meet
all required benefit obligations.
Citigroup’s pension and postretirement plans’ weighted-average asset
allocations for the non-U.S. plans and the actual ranges at the end of 2011
and 2010, and the weighted-average target allocations for 2012 by asset
category based on asset fair values are as follows:
Non-U.S. pension plans
Weighted-average
target asset allocation
Actual range
at December 31,
Weighted-average
at December 31,
Asset category  2011  2011 
%QUITYæSECURITIES  0 to 65% ææTOæ 19% 
$EBTæSECURITIES  0 to 99 æTOæ 71 
2EALæESTATE  0 to 42 ææTOæ 1
/THERæINVESTMENTS  0 to 100 æTOæ 9
Total  100% 
Non-U.S. postretirement plans
Weighted-average
target asset allocation
Actual range
at December 31,
Weighted-average
at December 31,
Asset category  2011  2011 
%QUITYæSECURITIES  0 to 44% æTOæ 44% 
$EBTæSECURITIES  45 to 100 æTOæ 45 
/THERæINVESTMENTS  0 to 11 æTOæ 11 
Total  100% æ