MoneyGram 2011 Annual Report Download - page 118

Table of Contents
The Company recognized a net $1.5 million curtailment gain in 2009 from the amendment of two SERPs and accumulated participant terminations. The
amendment of the postretirement benefit plan resulted in a curtailment gain of $12.8 million in 2009. The postretirement benefits expense for 2011 and 2010
was reduced by less than $0.1 million and for 2009 it was reduced by $0.4 million due to subsidies received under the Medicare Prescription Drug,
Improvement and Modernization Act of 2003. The Company will not receive any subsidies in 2012.
Amounts recognized in other comprehensive income (loss) and net periodic benefit expense as of December 31 are as follows:
2011
(Amounts in thousands) Pension and SERPs Postretirement Benefits
Net actuarial loss $ 7,625 $ 1,790
Amortization of net actuarial loss (6,287) (244)
Amortization of prior service (cost) credit (29) 626
Total recognized in other comprehensive income $ 1,309 $ 2,172
Total recognized in net periodic benefit expense (income) $ 9,458 $ (331)
Total recognized in net periodic benefit expense (income) and other comprehensive income $ 10,767 $ 1,841
2010
(Amounts in thousands) Pension and SERPs Postretirement Benefits
Net actuarial loss $ 10,150 $ 1,100
Prior service credit — (4,153)
Amortization of net actuarial loss (4,782) (15)
Amortization of prior service cost (84) —
Total recognized in other comprehensive income (loss) $ 5,284 $ (3,068)
Total recognized in net periodic benefit expense $ 8,078 $ 268
Total recognized in net periodic benefit expense and other comprehensive
income (loss) $ 13,362 $ (2,800)
2009
(Amounts in thousands) Pension and SERPs Postretirement Benefits
Net actuarial loss $ 2,837 $ 3,086
Amortization of net actuarial loss (3,777) —
Amortization of prior service (cost) credit (346) 352
Curtailment gain (loss)
Prior service (costs) credit (2,124) 1,839
Net actuarial loss (2,577) (973)
Total recognized in other comprehensive (loss) income $ (5,987) $ 4,304
Total recognized in net periodic benefit expense (income) $ 6,738 $ (11,747)
Total recognized in net periodic benefit expense (income) and other comprehensive (loss) income $ 751 $ (7,443)
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