Equifax 2015 Annual Report Download - page 68

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– 67 –
contributions to the USRIP and made contributions of $1.2 million to the CRIP. At December 31, 2015, the USRIP met or
exceeded ERISA’s minimum funding requirements.
The annual report produced by our consulting actuaries specifies the funding requirements for our plans, based on
projected benefits for plan participants, historical investment results on plan assets, current discount rates for liabilities,
assumptions for future demographic developments and recent changes in statutory requirements. We may elect to make
additional discretionary contributions to our plans in excess of minimum funding requirements, subject to statutory limitations.
SupplementalRetirementPlans. We maintain two supplemental executive retirement programs for certain key
employees. The plans, which are unfunded, provide supplemental retirement payments, based on salary and years of service.
Other Benefits. We maintain certain healthcare and life insurance benefit plans for eligible retired employees.
Substantially all of our U.S. employees may become eligible for the retiree healthcare benefits if they reach retirement age
while working for us and satisfy certain years of service requirements. The retiree life insurance program covers employees
who retired on or before December 31, 2003. We accrue the cost of providing healthcare benefits over the active service period
of the employee.
Obligations and Funded Status. A reconciliation of the projected benefit obligations, plan assets and funded status
of the plans is as follows:
Pension Benefits Other Benefits
2015 2014 2015 2014
(Inmillions)
Change in projected benefit obligation
Benefit obligation at January 1, $739.1 $636.8 $19.4 $19.6
Service cost 4.2 4.5 0.3 0.3
Interest cost 30.4 31.1 0.7 0.8
Plan participants' contributions ——0.6 0.5
Amendments —3.2 ——
Actuarial loss (gain) (59.9)113.2 1.4 0.5
Foreign currency exchange rate changes (9.7)(5.5)(0.4)(0.2)
Curtailments —(2.6)——
Settlements ————
Benefits paid (41.4)(41.6)(2.4)(2.1)
Projected benefit obligation at December 31, 662.7 739.1 19.6 19.4
Change in plan assets
Fair value of plan assets at January 1, 570.1 568.1 20.8 21.6
Actual return on plan assets (5.3)43.7 (0.2)1.7
Employer contributions 4.3 5.2 1.8 1.6
Plan participants' contributions ——0.6 0.5
Foreign currency exchange rate changes (8.8)(5.3)——
Settlements ——(1.7)(2.5)
Benefits paid (41.4)(41.6)(2.4)(2.1)
Fair value of plan assets at December 31, 518.9 570.1 18.9 20.8
Funded status of plan $(143.8)$(169.0)$(0.7)$1.4
The accumulated benefit obligation for the USRIP, CRIP and Supplemental Retirement Plans was $653.8 million at
December 31, 2015. The accumulated benefit obligation for the USRIP, CRIP and Supplemental Retirement Plans was $727.8
million at December 31, 2014.
At December 31, 2015, the USRIP and Supplemental Retirement Plans had projected benefit obligations and
accumulated benefit obligations in excess of those plans’ respective assets. The projected benefit obligation, accumulated
benefit obligation and fair value of plan assets for these plans in the aggregate were $613.1 million, $611.1 million and $474.6
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
84
CONTENTS