Aetna 2013 Annual Report Download - page 120

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Annual Report- Page 114
Financial liabilities, including derivative liabilities, subject to offsetting and enforceable master netting
arrangements as of December 31, 2013 and December 31, 2012 were as follows:
Gross Amounts of
Recognized Liabilities (1)
Gross Amounts Not Offset
In the Balance Sheets
Financial
Instruments Cash Collateral Paid(Millions) Net Amount
December 31, 2013
Derivatives $ 1.9 $ — $ (.7) $ 1.2
Securities lending 792.6 (792.6) — —
Total $ 794.5 $ (792.6) $ (.7) $ 1.2
December 31, 2012
Derivatives $ .3 $ — $ — $ .3
Securities lending 47.1 (47.1) — —
Total $ 47.4 $ (47.1) $ — $ .3
(1) There were no amounts offset in our balance sheets at December 31, 2013 or December 31, 2012.
11. Pension and Other Postretirement Plans
Defined Benefit Retirement Plans
We sponsor various defined benefit plans, including two pension plans, and other postretirement employee benefit
(“OPEB”) plans that provide certain health care and life insurance benefits for retired employees, including those of
our former parent company.
During each of 2013, 2012 and 2011 we made voluntary cash contributions of $60 million to our tax-qualified
noncontributory defined benefit pension plan (the “Aetna Pension Plan”). Effective December 31, 2010, our
employees no longer earn future pension service credits in the Aetna Pension Plan (i.e., the Plan was “frozen”
effective December 31, 2010), although the Aetna Pension Plan will continue to operate and account balances will
continue to earn annual interest credits.
We also sponsor a non-qualified supplemental pension plan (the “Non-qualified Pension Plan”) that, prior to January
1, 2007, had been used to provide benefits for wages above the Internal Revenue Code wage limits applicable to tax
qualified pension plans (such as the Aetna Pension Plan). Effective January 1, 2007, no new benefits accrue under
the Non-qualified Pension Plan, but interest will continue to be credited on outstanding supplemental cash balance
accounts; and the plan may continue to be used to credit special pension arrangements.
In addition, we currently provide certain medical and life insurance benefits for retired employees, including those of
our former parent company. We provide subsidized health care benefits to certain eligible employees who terminated
employment prior to December 31, 2006. There is a cap on our portion of the cost of providing medical and dental
benefits to our retirees. All current and future retirees and employees who terminate employment at age 45 or later
with at least five years of service are eligible to participate in our group health plans at their own cost.
The information set forth in the following tables is based upon current actuarial reports using the annual
measurement dates (December 31, for each year presented) for our pension and OPEB plans.