Wells Fargo 2012 Annual Report Download - page 231
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taxes by utilizing a combination of variable annuity and low
turnover investment strategies. Members of the EBRC formally
review the investment risk and performance of these assets on a
quarterly basis.
Projected Benefit Payments
Future benefits that we expect to pay under the pension and
other benefit plans are presented in the following table. Other
benefits payments are expected to be reduced by prescription
drug subsidies from the federal government provided by the
Medicare Prescription Drug, Improvement and Modernization
Act of 2003.
Pension benefits Other benefits
Non- Future Subsidy
(in millions) Qualified qualified benefits receipts
Year ended
December 31,
2013 $ 838 74 98 13
2014 813 69 100 14
2015 789 64 103 11
2016 785 64 105 11
2017 782 59 106 11
2018-2022 3,454 274 511 53
229