LensCrafters 2012 Annual Report Download - page 243
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| 157 >CONSOLIDATED FINANCIAL STATEMENTS - NOTES
The following tables provide key information pertaining to the Lux Pension Plan and SERPs.
Obligation and funded status
(thousands of Euro)
Pension Plan SERPs
2012 2011 2012 2011
Change in benefit obligations:
Benefit obligation - beginning
of period 483,738 409,316 12,344 11,339
Service cost 22,366 19,171 510 491
Interest cost 24,189 21,323 488 625
Actuarial (gain)/loss 54,071 29,051 1,153 896
Benefits paid (15,209) (12,719) (18) (969)
Settlements - - (3,897) -
Plan amendment -(85) -(453)
Translation difference (11,590) 17,681 (192) 415
Benefit obligation - end of period 557,565 483,738 10,388 12,344
(thousands of Euro)
Pension Plan SERPs
2012 2011 2012 2011
Change in plan assets:
Fair value of plan assets - beginning
of period 355,563 314,502 - -
Expected return on plan assets 27,985 24,992 - -
Actuarial gain/(loss) on plan assets 21,594 (28,762) - -
Employer contribution 48,898 45,100 - -
Direct benefit payments made
by the Company - - 3,915 969
Benefits paid (15,209) (12,719) (18) (969)
Settlements (3,897)
Translation difference (9,056) 12,450 - -
Fair value of plan assets - end
of period 429,775 355,563 - -
Unfunded status - end of period 127,790 128,175 10,388 12,344