CenterPoint Energy 2014 Annual Report Download - page 101
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The amounts in accumulated other comprehensive loss expected to be recognized as components of net periodic benefit cost during 2015
are
as follows (in millions):
The following table displays pension benefits related to CenterPoint Energy’
s pension plans that have accumulated benefit obligations in
excess of plan assets:
Assumed healthcare cost trend rates have a significant effect on the reported amounts for CenterPoint Energy’
s postretirement benefit plans.
A 1% change in the assumed healthcare cost trend rate would have the following effects:
In managing the investments associated with the benefit plans, CenterPoint Energy’
s objective is to achieve and maintain a fully funded
plan. This objective is expected to be achieved through an investment strategy that manages liquidity requirements while maintaining a long-
term horizon in making investment decisions and efficient and effective management of plan assets.
As part of the investment strategy discussed above, CenterPoint Energy maintained the following weighted average allocation targets for its
benefit plans as of December 31, 2014:
91
Pension
Benefits
Postretirement
Benefits
Unrecognized actuarial loss
$
12
$
1
Unrecognized prior service cost
1
—
Amounts in accumulated comprehensive loss to be recognized in net periodic cost in 2015
$
13
$
1
December 31,
2014
2013
Pension
Qualified
Pension
Non-qualified
Pension
Qualified
Pension
Non-qualified
(in millions)
Accumulated benefit obligation
$
2,273
$
98
$
2,031
$
92
Projected benefit obligation
2,304
98
2,061
92
Fair value of plan assets
1,925
—
1,803
—
1%
Increase
1%
Decrease
(in millions)
Effect on the postretirement benefit obligation
$
19
$
16
Effect on total of service and interest cost
1
1
Pension
Benefits
Postretirement
Benefits
U.S. equity 12 –
28%
14 –
24%
International developed market equity 7 –
17%
3 –
13%
Emerging market equity 3 –
13%
—
Fixed income 54 –
66%
68 –
78%
Cash 0 –
2%
0 –
2%