AbbVie 2013 Annual Report Download - page 86
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AbbVie Sponsored Plans
AbbVie is the sole sponsor of certain other defined benefit pension and other post-employment plans,
which have been reflected in the consolidated balance sheet as of December 31, 2013 and the
combined balance sheet as of December 31, 2012. During 2012, in preparation for the separation from
Abbott, certain defined benefit pension and other post-employment benefit plans were assumed by
AbbVie and were reflected in the December 31, 2012 combined balance sheet. AbbVie made voluntary
contributions to the AbbVie sponsored pension plans of $46 million and $64 million in 2012 and 2011,
respectively.
Prior to the separation, AbbVie employees participated in the Abbott Laboratories Annuity Retirement
Plan, which was Abbott’s principal domestic defined benefit pension plan. In connection with the
separation, AbbVie established the AbbVie Pension Plan, which is AbbVie’s principal domestic defined
benefit pension plan, with substantially the same terms as the Abbott Laboratories Annuity Retirement
Plan. AbbVie employees who were eligible to participate in the Abbott Laboratories Annuity
Retirement Plan on December 31, 2012 automatically became eligible for the AbbVie Pension Plan.
During the first quarter of 2013, the AbbVie Pension Plan assumed the obligations and related assets
for its employees from the Abbott Laboratories Annuity Retirement Plan. In the first quarter of 2013,
AbbVie made a voluntary contribution of $145 million this plan. AbbVie also made a voluntary
contribution of $370 million to this plan subsequent to December 31, 2013.
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