PG&E 2014 Annual Report Download - page 117

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109
Postretirement Benefits Other than Pensions
(in millions)2014 2013
Change in plan assets:
Fair value of plan assets at beginning of year $ 1,892 $ 1,758
Actual return on plan assets 241 64
Company contributions 57 145
Plan participant contribution 63 64
Benets and expenses paid (161) (139)
Fair value of plan assets at end of year $ 2,092 $ 1,892
Changeinbenetobligation:
Benetobligationatbeginningofyear $ 1,597 $ 1,940
Service cost for benets earned 45 53
Interest cost 76 74
Actuarial (gain) loss 166 (415)
Benets paid (140) (123)
Federal subsidy on benets paid 4 4
Plan participant contributions 63 64
Benetobligationatendofyear $ 1,811 $ 1,597
Funded Status: (1)
Noncurrent asset $ 368 $ 352
Noncurrent liability (87) (57)
Net asset at end of year $281 $295
(1) At December 31, 2014 and 2013, the postretirement medical plan was in an overfunded position and the postretirement life insurance plan was in an underfunded
position.
There was no material difference between PG&E Corporation and the Utility for the information disclosed above.