Aer Lingus 2013 Annual Report Download - page 124

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122
The liabilities in respect of the group's post employment benefit obligations are as follows:
2013
2012
€'000
€'000
Funded
North American Pension
2,037
4,309
Other
(362)
343
1,675
4,652
Unfunded
Post Retirement Income Streaming
24,580
27,922
North American Post Retirement Medical Benefit
1,999
2,284
26,579
30,206
The charges to the income statement in respect of these obligations are as follows:
2013
2012
as restated
€'000
€'000
Funded (a)
86
120
Unfunded (b)
2,683
1,866
2,769
1,986
Actuarial (gains)/losses recognised in the statement of other comprehensive income during the year:
2013
2012
as restated
€'000
€'000
Funded (a)
(2,099)
124
Unfunded (b)
(6,302)
4,550
(8,401)
4,674
The dates of the most recent actuarial valuations in respect of the various schemes are as follows:
Valuation
Date
Funded
North American Pension
31 December 2013
Other
31 December 2013
Unfunded
Post Retirement Income Streaming
31 December 2013
North American Post Retirement Medical Benefit
31 December 2013
Valuations are not available for public inspection; however they are available to the members of the above schemes.
The North American Pension schemes apply the regulations of The Employee Retirement Income Security Act of 1974 (ERISA) and The
Internal Revenue Code. The Employee Retirement Income Security Act of 1974 is a federal law that sets minimum standards for most
voluntarily established pension and health plans in private industry to provide protection for individuals in these plans. The Internal Revenue
Code, as set forth by the Internal Revenue Service, also provides regulations and guidance for the administration of pension and medical
schemes.
The pension schemes set up under trust and operated by Aer Lingus in Ireland are exempt approved schemes under the Taxes Consolidation
Act 1997 and are regulated by the Pensions Authority under the Pensions Act 1990 (Amended).