Pitney Bowes 2010 Annual Report Download - page 110
Download and view the complete annual report
Please find page 110 of the 2010 Pitney Bowes annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100 -
101 -
102 -
103 -
104 -
105 -
106 -
107 -
108 -
109 -
110 -
111 -
112 -
113 -
114 -
115 -
116 -
117 -
118 -
119 -
120 -
121
-
122
-
123
-
124
-
125
-
126
 |
 |
PITNEY BOWES INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(Tabular dollars in thousands, except per share data)
91
Other changes in plan assets and benefit obligation for nonpension postretirement benefit plans recognized in other comprehensive
income are as follows:
2010 2009
Net actuarial loss $ 34,059 $ 21,367
Amortization of net actuarial loss (6,793) (4,092)
Amortization of prior service credit 2,511 2,475
Adjustment for actual Medicare Part D Premium 979 1,005
Curtailment 621 -
Total recognized in other comprehensive income $ 31,377 $ 20,755
Weighted average assumptions used to determine net periodic costs during the years:
2010 2009 2008
Discount rate – U.S. 5.35% 5.95% 5.90%
Discount rate – Canada 5.85% 6.60% 5.25%
The estimated amounts that will be amortized from AOCI into net periodic benefit cost in 2011 are as follows:
Net actuarial loss $ 7,977
Prior service credit (2,259)
Total $ 5,718
The assumed health care cost trend rate used in measuring the accumulated postretirement benefit obligations for the U.S. plan was
7.5% for 2010 and 7.5% for 2009. The assumed health care trend rate is 7.5% for 2011 and will gradually decline to 5.0% by the year
2017 and remain at that level thereafter. Assumed health care cost trend rates have a significant effect on the amounts reported for the
health care plans. A 1% change in the assumed health care cost trend rates would have the following effects:
1% Increase 1% Decrease
Effect on total of service and interest cost components $ 616 $ (527)
Effect on postretirement benefit obligations $ 9,366 $ (8,204)