Epson 2014 Annual Report Download - page 67

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The assumptions used for the actuarial computation of the retirement benefit obligations for the years ended
March 31, 2013, was primarily as follows:
Discount rate 1.7%
Long-term rate of return on plan assets 2.5
The fiscal year ending March 31, 2014.
The Company and its Japanese subsidiaries maintain corporate defined benefit pension plans and defined
contribution pension plans covering the majority of their employees. In certain cases, additional severance costs
may be provided.
(1) Defined benefit pension plans
(a) Reconciliation of beginning and ending balances of the projected benefit obligations was as follows:
Thousands of
Millions of yen U.S. dollars
Projected benefit obligations at beginning of year ¥276,540
$2,686,941
Service cost 8,888
86,358
Interest cost 5,499
53,429
Actuarial loss(gain) (1,783) (17,324)
Benefits paid (13,252) (128,760)
Others 4,929 47,882
Projected benefit obligations at end of year ¥280,821
$2,728,526
(b) Reconciliation of beginning and ending balances of plan assets at fair value was as follows:
Thousands of
Millions of yen U.S. dollars
Plan assets at fair value at beginning of year ¥217,702
$2,115,254
Expected return on plan assets 5,717
55,547
Actuarial gain(loss) 9,047
87,903
Employer contributions 11,906
115,682
Benefits paid (11,203) (108,851)
Others 3,894 37,846
Plan assets at fair value at end of year ¥237,064
$2,303,381
66