PG&E 2008 Annual Report Download - page 128

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126
BENEFIT OBLIGATIONS
The following tables reconcile changes in aggregate projected benefi t obligations for pension benefi ts and changes in the
benefi t obligation of other benefi ts during 2008 and 2007:
Pension Benefi ts
PG&E Corporation Utility
(in millions) 2008 2007 2008 2007
Projected benefi t obligation at January 1 $9,081 $9,064 $9,036 $9,023
Service cost for benefi ts earned 236 233 234 228
Interest cost 581 544 578 541
Actuarial (gain) loss 258 (397) 255 (396)
Plan amendments 2 1 3 2
Benefi ts and expenses paid (391) (364) (389) (362)
Projected benefi t obligation at December 31 $9,767 $9,081 $9,717 $9,036
Accumulated benefi t obligation $8,601 $8,243 $8,559 $8,206
Other Benefi ts
PG&E Corporation Utility
(in millions) 2008 2007 2008 2007
Benefi t obligation at January 1 $1,311 $1,310 $1,311 $1,310
Service cost for benefi ts earned 29 29 29 29
Interest cost 81 79 81 79
Actuarial (gain) loss 22 (66) 22 (66)
Plan amendments — 17 — 17
Gross benefi ts paid (101) (97) (101) (97)
Federal subsidy on benefi ts paid 4 4 4 4
Participants paid benefi ts 36 35 36 35
Benefi t obligation at December 31 $1,382 $1,311 $1,382 $1,311