MoneyGram 2015 Annual Report Download - page 94
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Table of Contents
PlanFinancialInformation — Net periodic benefit expense (income) for the Pension and Postretirement Benefits includes the following components for the years
ended December 31 :
Pension
Postretirement Benefits
(Amounts in millions) 2015
2014
2013
2015
2014
2013
Settlement charges $ 14.0
$ —
$ —
$ —
$ —
$ —
Interest cost 9.4
10.8
9.6
—
0.1
0.1
Expected return on plan assets (5.8)
(7.3)
(7.3)
—
—
—
Amortization of net actuarial loss 8.5
6.9
7.7
0.2
0.3
0.4
Amortization of prior service credit —
—
—
(0.6)
(0.6)
(0.6)
Net periodic benefit expense (income) $ 26.1
$ 10.4
$ 10.0
$ (0.4)
$ (0.2)
$ (0.1)
The following tables are a summary of the amounts recognized in other comprehensive (loss) income and net periodic benefit expense (income) for the years ended
December 31 :
2015
(Amounts in millions) Pension
Postretirement
Benefits
Settlement charges $ (14.0)
$ —
Net actuarial gain (19.6)
(0.3)
Amortization of net actuarial loss (8.5)
(0.2)
Amortization of prior service credit —
0.6
Total recognized in other comprehensive (loss) income $ (42.1)
$ 0.1
Total recognized in net periodic benefit expense (income) 26.1
(0.4)
Total recognized in net periodic benefit expense (income) and other comprehensive income (loss) $ (16.0)
$ (0.3)
2014
(Amounts in millions) Pension
Postretirement
Benefits
Net actuarial loss $ 37.0
$ 0.2
Amortization of net actuarial loss (6.9)
(0.3)
Amortization of prior service credit —
0.6
Total recognized in other comprehensive (loss) income $ 30.1
$ 0.5
Total recognized in net periodic benefit expense (income) 10.4
(0.2)
Total recognized in net periodic benefit expense (income) and other comprehensive income (loss) $ 40.5
$ 0.3
2013
(Amounts in millions) Pension
Postretirement
Benefits
Net actuarial gain $ (18.8)
$ (1.2)
Amortization of net actuarial loss (7.7)
(0.4)
Amortization of prior service credit —
0.6
Total recognized in other comprehensive (loss) income $ (26.5)
$ (1.0)
Total recognized in net periodic benefit expense (income) 10.0
(0.1)
Total recognized in net periodic benefit expense (income) and other comprehensive income (loss) $ (16.5)
$ (1.1)
The estimated net actuarial loss and prior service credit for the Pension that will be amortized from “Accumulated other comprehensive loss” into “Net periodic
benefit expense (income)” during 2016 is $5.6 million ( $3.5 million net of tax) and none , respectively. The estimated net actuarial loss and prior service credit for
the Postretirement Benefits that will be amortized from “Accumulated other comprehensive loss” into “Net periodic benefit expense (income)” during 2016 is $0.2
million ( $0.1 million net of tax) and $0.6 million ( $0.4 million net of tax), respectively.
F-30