CenterPoint Energy 2015 Annual Report Download - page 100

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Theamountsinaccumulatedothercomprehensivelossexpectedtoberecognizedascomponentsofnetperiodicbenefitcostduring2016areasfollows:
Pension
Benefits
Postretirement
Benefits
(in millions)
Unrecognizedactuarialloss $ 7
$ —
Unrecognizedpriorservicecost 1
—
Amountsinaccumulatedcomprehensivelosstoberecognizedinnetperiodiccostin2016 $ 8
$ —
ThefollowingtabledisplayspensionbenefitsrelatedtoCenterPointEnergy’spensionplansthathaveaccumulatedbenefitobligationsinexcessofplanassets:
December 31,
2015
2014
Pension
Qualified
Pension
Non-qualified
Pension
Qualified
Pension
Non-qualified
(in millions)
Accumulatedbenefitobligation $ 2,082
$ 75
$ 2,273
$ 98
Projectedbenefitobligation 2,118
75
2,304
98
Fairvalueofplanassets 1,679
—
1,925
—
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:
1%
Increase
1%
Decrease
(in millions)
Effectonthepostretirementbenefitobligation $ 12
$ 10
Effectontotalofserviceandinterestcost 1
1
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,2015:
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%
94