Pitney Bowes 2011 Annual Report Download - page 102
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PITNEY BOWES INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(Tabular dollars in thousands, except per share data)
84
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:
Pension
Benefits
Nonpension
Benefits (1)
2012 $ 147,108 $ 29,527
2013 125,404 27,887
2014 126,052 26,583
2015 128,463 25,245
2016 130,009 24,272
2017-2021 666,672 105,199
$ 1,323,708 $ 238,713
(1) The estimated future benefit payments for nonpension plans are net of expected Medicare Part D subsidy.
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 2011 and 2010, we made matching contributions of $30 million and $29 million, respectively.