DIRECTV 2003 Annual Report Download - page 96

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THE DIRECTV GROUP, INC.
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS — (continued)
IRS is currently examining the Company’s U.S. federal tax returns for years 1998 through 2000. The Company is
also being examined by or expects to be examined by certain state and foreign taxing jurisdictions for periods
still open to examination. Management believes that adequate provision has been made for any adjustment which
might be assessed for open years.
Note 10: Pension and Other Postretirement Benefits
Substantially all of the Company’s employees participate in the Company’s contributory and
non-contributory defined benefit pension plans. Benefits are based on years of service and compensation earned
during a specified period of time before retirement. Additionally, an unfunded, nonqualified pension plan covers
certain employees. The Company also maintains a program for eligible retirees to participate in health care and
life insurance benefits generally until they reach age 65. Qualified employees who elected to participate in the
Company’s contributory defined benefit pension plans may become eligible for these health care and life
insurance benefits if they retire from the Company between the ages of 55 and 65. The health care plan is
contributory with participants’ contributions adjusted annually; the life insurance plan is non-contributory.
The Company uses a November 30 measurement date for its pension and postretirement benefit plans.
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