Rogers 2008 Annual Report Download - page 120

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116 ROGERS COMMUNICATIONS INC. 2008 ANNUAL REPORT
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
Employee contributions for 2009 are assumed to be at levels similar
to 2008 on the assumption staffing levels in the Company will
remain the same on a year-over-year basis.
(B) ALLOCATION OF PLAN ASSETS:
Percentage of plan assets
Target asset
at measurement date
allocation
Asset category 2008 2007 percentage
Equity securities 52.2% 59.7% 50% to 65%
Debt securities 47.6% 40.0% 35% to 50%
Other (cash) 0.2% 0.3% 0% to 1%
100.0% 100.0%
Plan assets are comprised primarily of pooled funds that invest
in common stocks and bonds. The pooled Canadian equity fund
has investments in the Company’s equity securities comprising
approximately 1% of the pooled fund. This results in approximately
$1 million (2007 – $1 million) of the plans’ assets being indirectly
invested in the Company’s equity securities.
The Company makes contributions to the plans to secure the
benefits of plan members and invests in permitted investments
using the target ranges established by the Pension Committee
of the Company. The Pension Committee reviews actuarial
assumptions on an annual basis.
Employer Employee Total
2008 $ 38 $ 21 $ 59
2007 28 18 46
Expected contributions by the Company in 2009 are estimated to
be $64 million.
2009 $ 31
2010 32
2011 34
2012 35
2013 36
168
Next five years 200
$ 368
Certain subsidiaries have defined contribution plans with total pension expense of $2 million in 2008 (2007 – $2 million).
(C) ACTUAL CONTRIBUTIONS TO THE PL ANS FOR THE YEARS
ENDED DECEMBER 31, 2008 AND 2007 ARE AS FOLLOWS:
(D) EXPECTED CASH FLOWS:
Expected benefit payments for funded and unfunded plans for
fiscal year ending: