Jack In The Box 2009 Annual Report Download - page 63
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Table of Contents
Assumptions — We determine our actuarial assumptions on an annual basis. In determining the present values of our benefit
obligations and net periodic benefit costs as of and for the fiscal years ended September 27, 2009, September 28, 2008 and
September 30, 2007, respectively, we used the following weighted-average assumptions:
Discount rate 6.16% 7.30% 6.50%
Rate of future compensation increases 3.50 3.50 3.50
Discount rate 6.16% 7.30% 6.50%
Rate of future compensation increases 5.00 5.00 5.00
Discount rate 6.16% 7.30% 6.50%
Discount rate 7.30% 6.50% 6.60%
Long-term rate of return on assets 7.75 7.75 7.75
Rate of future compensation increases 3.50 3.50 3.50
Discount rate 7.30% 6.50% 6.60%
Rate of future compensation increases 5.00 5.00 5.00
Discount rate 7.30% 6.50% 6.60%
(1) Determined as of end of year.
(2) Determined as of beginning of year.
The assumed discount rate was determined by considering the average of pension yield curves constructed of a population of high-
quality bonds with a Moody’s or Standard and Poor’s rating of “AA” or better meeting certain other criteria. The resulting discount rate
reflects the matching of plan liability cash flows to the yield curves.
The assumed expected long-term rate of return on assets is the weighted average rate of earnings expected on the funds invested or to
be invested to provide for the pension obligations. The long-term rate of return on assets was determined taking into consideration our
projected asset allocation and economic forecasts prepared with the assistance of our actuarial consultants.
The assumed average rate of compensation increase is the average annual compensation increase expected over the remaining
employment periods for the participating employees.
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