Amtrak 2014 Annual Report Download - page 67

Download and view the complete annual report

Please find page 67 of the 2014 Amtrak annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 72

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72

National Railroad Passenger Corporation and Subsidiaries (Amtrak)
Notes to Consolidated Financial Statements (continued)
1509-1694994 59
12. Postretirement Employee Benefits (continued)
Estimated Future Benefit Payments
Prior to consideration of the impact of the changes which occurred subsequent to September 30,
2014 as described above and based upon the assumptions used to measure the pension and other
postretirement benefit obligations as of September 30, 2014, including pension and other
postretirement benefits attributable to estimated future employee service, Amtrak expects that
pension benefits and other postretirement benefits to be paid over the next ten years would have
been as follows (in thousands):
Pension
Benefits
Other
Benefits
Year ending September 30:
2015 $ 20,439 $ 60,558
2016 22,418 64,638
2017 22,147 66,980
2018 26,022 72,785
2019 27,767 73,675
2020-2024 161,391 357,327
Contributions
In FY2015, Amtrak contributed $14.0 million to the defined benefit plan and $49.3 million
towards other postretirement benefits.
Assumptions
Weighted-average assumptions used to determine benefit obligations at September 30, 2014 and
2013 are as follows:
Pension Benefits Other Benefits
2014 2013 2014 2013
Discount rate 4.57% 5.18% 4.57% 5.18%
Rate of compensation increase 4.20% 4.20% N/A N/A