Pitney Bowes 2010 Annual Report Download - page 111
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PITNEY BOWES INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(Tabular dollars in thousands, except per share data)
92
Estimated Future Benefit Payments
Benefit payments, which reflect expected future service, as appropriate, estimated to be paid during the years ended December 31 are
as follows:
Nonpension
Pension
Benefits
Gross
Medicare Part
D Subsidy Net
2011 $ 191,476 $ 31,978 $ (2,639) $ 29,339
2012 137,775 30,648 (2,883) 27,765
2013 126,910 29,277 (3,130) 26,147
2014 130,788 28,166 (3,339) 24,827
2015 132,588 27,018 (3,543) 23,475
2016-2020 688,055 123,020 (9,675) 113,345
$ 1,407,592 $ 270,107 $ (25,209) $ 244,898
Savings Plans
Our U.S. employees are eligible to participate in 401(k) savings plans, which are voluntary defined contribution plans. These plans
are designed to help employees accumulate additional savings for retirement. We make matching contributions on a portion of
eligible pay. In 2010 and 2009, we made matching contributions of $28.6 million and $27.2 million, respectively.