TJ Maxx 2014 Annual Report Download - page 86

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The unrecognized gains and losses in excess of 10% of the projected benefit obligation are amortized over the
average remaining service life of participants.
The following is a schedule of the benefits expected to be paid in each of the next five fiscal years and in the
aggregate for the five fiscal years thereafter:
In thousands
Funded Plan
Expected Benefit Payments
Unfunded Plan
Expected Benefit Payments
Fiscal Year
2016 $ 30,120 $ 3,252
2017 33,387 6,543
2018 37,166 6,658
2019 41,199 6,978
2020 45,375 7,396
2021 through 2025 294,930 31,804
The following table presents the fair value hierarchy (See Note G) for pension assets measured at fair value on a
recurring basis as of January 31, 2015:
Funded Plan
In thousands Level 1 Level 2 Level 3 Total
Asset category:
Short-term investments $136,276 $ — $ — $ 136,276
Equity Securities:
Domestic equity 77,373 — — 77,373
International equity 157,392 — — 157,392
Fixed Income Securities:
Corporate and government bond funds — 300,761 — 300,761
Common/Collective Trusts — 485,619 8,283 493,902
Limited Partnerships — — 5,044 5,044
Fair value of plan assets $371,041 $786,380 $13,327 $1,170,748
The following table presents the fair value hierarchy for pension assets measured at fair value on a recurring
basis as of February 1, 2014:
Funded Plan
In thousands Level 1 Level 2 Level 3 Total
Asset category:
Short-term investments $ 57,217 $ — $ — $ 57,217
Equity Securities:
Domestic equity 74,415 — — 74,415
International equity 150,149 — — 150,149
Fixed Income Securities:
Corporate and government bond funds — 214,954 — 214,954
Common/Collective Trusts — 429,932 10,421 440,353
Limited Partnerships — — 7,713 7,713
Fair value of plan assets $281,781 $644,886 $18,134 $944,801
F-24