Equifax 2009 Annual Report Download - page 67

Supplemental Retirement Plans. We maintain two supplemental employees may become eligible for the healthcare benefits if they
executive retirement programs for certain key employees. The plans, reach retirement age while working for us and satisfy certain years of
which are unfunded, provide supplemental retirement payments, service requirements. The retiree life insurance program covers
based on salary and years of service. employees who retired on or before December 31, 2003. We accrue
the cost of providing healthcare benefits over the active service period
of the employee.
Other Benefits. We maintain certain healthcare and life insurance
benefit plans for eligible retired employees. Substantially all of our U.S.
Obligations and Funded Status. A reconciliation of the benefit obligations, plan assets and funded status of the plans is as follows:
Pension Benefits Other Benefits
(In millions) 2009 2008 2009 2008
Change in benefit obligation
Benefit obligation at January 1, $ 577.8 $ 581.6 $ 31.0 $ 32.9
Service cost 5.3 11.0 0.5 0.5
Interest cost 35.1 34.8 1.8 1.9
Plan participants’ contributions ——1.0 1.3
Amendments —(0.6) —(4.3)
Actuarial loss (gain) 41.5 (1.4) 3.4 3.6
Foreign currency exchange rate changes 5.4 (7.8) ——
Special termination benefits 0.1 ———
Retiree drug subsidy paid ———0.3
Benefits paid (41.0) (39.8) (4.2) (5.2)
Benefit obligation at December 31, 624.2 577.8 33.5 31.0
Change in plan assets
Fair value of plan assets at January 1, 440.8 606.6 15.0 19.0
Actual return on plan assets 66.3 (119.9) 2.3 (4.0)
Employer contributions 32.9 3.7 3.2 3.9
Plan participants’ contributions ——1.0 1.3
Foreign currency exchange rate changes 6.4 (9.8) ——
Benefits paid (41.0) (39.8) (4.2) (5.2)
Fair value of plan assets at December 31, 505.4 440.8 17.3 15.0
Funded status of plan $ (118.8) $ (137.0) $ (16.2) $ (16.0)
The accumulated benefit obligation for the USRIP, CRIP and Supple- At December 31, 2008, the USRIP, EIPP and Supplemental Retire-
mental Retirement Plans was $592.2 million at December 31, 2009. ment Plans had projected benefit obligations and accumulated benefit
The accumulated benefit obligation for the USRIP, EIPP, CRIP and obligations in excess of those plans’ respective assets. The projected
Supplemental Retirement Plans was $551.5 million at December 31, benefit obligation, accumulated benefit obligation and fair value of
2008. plan assets for these plans in the aggregate were $550.3 million,
$527.1 million and $405.0 million, respectively, at December 31,
2008.
At December 31, 2009, the USRIP and Supplemental Retirement
Plans had projected benefit obligations and accumulated benefit obli-
gations in excess of those plans’ respective assets. The projected The following table represents the net amounts recognized, or the
benefit obligation, accumulated benefit obligation and fair value of funded status of our pension and other postretirement benefit plans,
plan assets for these plans in the aggregate were $583.6 million, in our Consolidated Balance Sheets at December 31, 2009 and
$557.9 million and $459.4 million, respectively, at December 31, 2008:
2009.
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