ComEd 2013 Annual Report Download - page 209
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Thefollowingtable providesa rollforwardofthechangesinthebenefitobligationsandplan assetsfor themostrecent twoyearsfor
all planscombined:
Pension Benefits
Other
Postretirement Benefits
2013 2012 2013 2012
Changeinbenefitobligation:
Net benefitobligation at beginningofyear ..................................... $16,800 $13,538 $4,820 $4,062
Servicecost............................................................. 317280162156
Interestcost............................................................. 650698 194 205
Plan participants’ contributions .............................................. — — 3434
Actuarial loss (gain) ....................................................... (1,363)1,520 (551)313
Plan amendments ........................................................ 1—15(103)
Acquisitions/divestitures ................................................... — 1,880—362
Curtailments ............................................................. — (10) — (8)
Settlements(a)............................................................ (69) (169) — —
Contractual termination benefits ............................................. — 15— 6
Gross benefitspaid ....................................................... (877) (952)(223)(219)
Federal subsidy on benefitspaid ............................................ — — — 12
Net benefitobligation at endofyear .......................................... $15,459 $16,800 $4,451$4,820
Changein plan assets:
Fairvalue ofnet plan assetsat beginningofyear ............................... $13,357 $11,302 $2,135$1,797
Actual return on plan assets ................................................ 821 1,484 209197
Employer contributions .................................................... 339149 83325
Plan participants’ contributions .............................................. — — 3434
Benefitspaid (b) ........................................................... (877) (952)(223)(218)
Acquisitions/divestitures ................................................... — 1,543——
Settlements(a)............................................................ (69) (169) — —
Fairvalue ofnet plan assetsat endofyear .................................... $13,571$13,357 $2,238$2,135
(a)Representscash settlementsonly.
(b) Exelon’s other postretirement benefitspaid for theyear endedDecember 31,2012 are net of$1.3million ofreinsurance proceeds receivedfromtheDepartment of
HealthandHuman Servicesaspart oftheEarlyRetiree ReinsuranceProgrampursuant to theAffordable Care Actof2010.In 2013,theProgramwasno longer
acceptingapplicationsfor reimbursement.
Exelon presentsitsbenefitobligationsandplan assetsnet on itsbalancesheet withinthefollowingline items:
Pension
Benefits
Other
Postretirement Benefits
2013 2012 2013 2012
Other current liabilities ...................................................... $ 12 $15$23 $23
Pension obligations ......................................................... 1,876 3,428— —
Non-pension postretirement benefitobligations .................................. — — 2,1902,662
Unfundedstatus(net benefitobligation less net plan assets) ....................... $1,888 $3,443$2,213 $2,685
Thefundedstatusofthe pension andother postretirement benefitobligationsrefersto thedifferencebetween plan assetsand
estimatedobligationsofthe plan.Thefundedstatuschangesover timedue to several factors, includingcontribution levels, assumed
discount ratesandactual returnson plan assets.
203