AIG 2012 Annual Report Download - page 345

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Expected Cash Flows
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Funding for the U.S. pension plan ranges from the minimum amount required by ERISA to the maximum amount that
would be deductible for U.S. tax purposes. Contributed amounts in excess of the minimum amounts are deemed
voluntary. Amounts in excess of the maximum amount would be subject to an excise tax and may not be deductible
under the Internal Revenue Code. There are no minimum required cash contributions for the AIG Retirement Plan in
2013. Supplemental, AIG NQRIP and postretirement plan payments are deductible when paid.
Our annual pension contribution in 2013 is expected to be approximately $100 million for our U.S. and non-U.S.
non-qualified plans. No contributions to the AIG Retirement Plan are currently anticipated. These estimates are
subject to change, since contribution decisions are affected by various factors including our liquidity, market
performance and management’s discretion.
The expected future benefit payments, net of participants’ contributions, with respect to the defined benefit
pension plans and other postretirement benefit plans, are as follows:
2013 $ 312 $ 48 $ 16 $ 1
2014 322 44 17 1
2015 328 44 18 1
2016 336 47 18 1
2017 351 51 19 1
2018 - 2022 1,830 287 107 10
Defined Contribution Plans
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In addition to several small defined contribution plans, we sponsor a voluntary savings plan for U.S. employees which
provide for pre-tax salary reduction contributions by employees. Effective January 1, 2012, the Company matching
contribution was changed to 100 percent of the first six percent of participant contributions, up to the IRS maximum
limits of $17,000 for employee contributions and to $15,000 for the Company matching contribution, irrespective of
their length of service. Prior to the change, company contributions of up to seven percent of annual salary were
made depending on the employee’s years of service subject to certain compensation limits.
Pre-tax expenses associated with this plan were $132 million, $98 million and $102 million in 2012, 2011 and 2010
respectively, excluding approximately $1 million per year relating to ILFC.
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AIG 2012 Form 10-K328
Pension Postretirement
U.S. Non-U.S. U.S. Non-U.S.
(in millions) Plans Plans Plans Plans
ITEM 8 / NOTE 22. EMPLOYEE BENEFITS