FairPoint Communications 2009 Annual Report Download - page 145
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Table of Contents
Assumptions
The weighted average assumptions used in determining benefit obligations are as follows:
The weighted average assumptions used in determining net periodic cost are as follows:
Prior to the Merger, the weighted average assumptions were used in determining net periodic cost for the three months ended March 31, 2008
were as follows:
Qualified Pension
Discount rate 6.00% 6.02%
Rate of future increases in compensation 4.00% 4.00%
Post-retirement Health
Discount rate 6.13% 5.94%
Rate of future increases in compensation 4.00% 4.00%
Qualified Pension
Discount rate 5.94% 6.80% 6.00%
Expected return on plan assets 8.32% 8.38% 8.50%
Rate of compensation increase 4.00% 4.00% 4.00%
Post-retirement Health
Discount rate 5.95% 6.80% 6.00%
Rate of compensation increase 4.00% 4.00% 4.00%
Healthcare cost trend rate assumed for participants under 65 next
year 8.00% 9.50% 10.00%
Healthcare cost trend rate assumed for participants over 65 next
year 8.50% 10.50% 10.00%
Rate that the cost trend rates ultimately declines to 4.00% 5.00% 5.00%
Year that the rates reach the terminal rate 2029 2014 2013
Qualified Pension
Discount rate 6.50%
Expected return on plan assets 8.50%
Rate of compensation increase 4.00%
Post-retirement Health
Discount rate 6.00%
Rate of compensation increase 4.00%