Citibank 2015 Annual Report Download - page 192

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The following table summarizes certain assumptions used in determining
the postemployment benefit obligations and net benefit expenses for the
Company’s U.S. postemployment plans.
2015 2014
Discount rate 3.70% 3.45%
Health care cost increase rate
Following year 7.00% 7.50%
Ultimate rate to which cost increase is assumed to decline 5.00 5.00
Year in which the ultimate rate is reached 2020 2020
Defined Contribution Plans
The Company sponsors defined contribution plans in the U.S. and in certain
non-U.S. locations, all of which are administered in accordance with local
laws. The most significant defined contribution plan sponsored by the
Company is the Citi Retirement Savings Plan in the U.S. (formerly known as
the Citigroup 401(k) Plan).
Under the Citi Retirement Savings Plan, eligible U.S. employees received
matching contributions of up to 6% of their eligible compensation for 2015
and 2014, subject to statutory limits. Additionally, for eligible employees
whose eligible compensation is $100,000 or less, a fixed contribution of up
to 2% of eligible compensation is provided. All Company contributions are
invested according to participants’ individual elections. The following table
summarizes the Company contributions to the U.S. and non-U.S. plans.
U.S. plans
In millions of dollars 2015 2014 2013
Company contributions $380 $383 $394
Non U.S. plans
In millions of dollars 2015 2014 2013
Company contributions $375 $385 $402