CenterPoint Energy 2012 Annual Report Download - page 99

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77
The following tables present by level, within the fair value hierarchy, CenterPoint Energy’s postretirement plan assets at fair
value as of December 31, 2011 and 2012, by asset category:
Fair Value Measurements at December 31, 2011
(in millions)
Total
Quoted Prices
in Active
Markets for
Identical Assets
(Level 1)
Significant
Observable
Inputs
(Level 2)
Significant
Unobservable
Inputs
(Level 3)
Mutual funds (1).................................................................. $ 138 $ 138 $ — $ —
Total..................................................................................... $ 138 $ 138 $ — $ —
(1) 73% of the amount invested in mutual funds is in fixed income securities, 19% is in U.S. equities and 8% is in international
equities.
Fair Value Measurements at December 31, 2012
(in millions)
Total
Quoted Prices
in Active
Markets for
Identical Assets
(Level 1)
Significant
Observable
Inputs
(Level 2)
Significant
Unobservable
Inputs
(Level 3)
Mutual funds (1).................................................................. $ 139 $ 139 $ — $ —
Total..................................................................................... $ 139 $ 139 $ — $ —
(1) 73% of the amount invested in mutual funds is in fixed income securities, 19% is in U.S. equities and 8% is in international
equities.
CenterPoint Energy contributed $73 million, $9 million and $16 million to its qualified pension, non-qualified pension and
postretirement benefits plans, respectively, in 2012. CenterPoint Energy expects to contribute approximately $83 million, $9
million and $18 million to its qualified pension, non-qualified pension and postretirement benefits plans, respectively, in 2013.
The following benefit payments are expected to be paid by the pension and postretirement benefit plans (in millions):
Postretirement Benefit Plan
Pension
Benefits Benefit
Payments
Medicare
Subsidy
Receipts
2013................................................................................................................. $ 130 $ 34 $ (4)
2014................................................................................................................. 141 36 (4)
2015................................................................................................................. 149 37 (5)
2016................................................................................................................. 151 39 (5)
2017................................................................................................................. 153 40 (6)
2018-2022 ....................................................................................................... 816 222 (39)
(c) Savings Plan
CenterPoint Energy has a tax-qualified employee savings plan that includes a cash or deferred arrangement under Section 401
(k) of the Internal Revenue Code of 1986, as amended (the Code), and an employee stock ownership plan (ESOP) under Section 4975
(e)(7) of the Code. Under the plan, participating employees may contribute a portion of their compensation, on a pre-tax or after-
tax basis, generally up to a maximum of 50% of eligible compensation. The Company matches 100% of the first 6% of each
employee’s compensation contributed. The matching contributions are fully vested at all times.
Participating employees may elect to invest all or a portion of their contributions to the plan in CenterPoint Energy common
stock, to have dividends reinvested in additional shares or to receive dividend payments in cash on any investment in CenterPoint
Energy common stock, and to transfer all or part of their investment in CenterPoint Energy common stock to other investment
options offered by the plan.