FairPoint Communications 2009 Annual Report Download - page 148

Table of Contents
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The impact of the Medicare Drug Act of 2003 subsidy on the post-retirement health benefits at December 31, 2009 is as follows:
Estimated future benefit payments
Estimated future employer contributions, benefit payments and Medicare prescription drug subsidies expected to offset the future post-retirement
benefit payments are as follows as of December 31, 2009:
401(k) savings plans
The Company and its subsidiaries sponsor four voluntary 401(k) savings plans that, in the aggregate, cover substantially all eligible Legacy
FairPoint employees, and two voluntary 401(k) savings plans that cover in the aggregate substantially all eligible Northern New England operations
employees (collectively, "the 401(k) Plans"). Each 401(k) Plan year, the Company contributes to the 401(k) Plans an amount of matching contributions
determined by the Company at its discretion. For the 401 (k) Plan year ended December 31, 2009, the Company matched 100% of each employee's
contribution
135
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Change in projected benefit obligation
$ (16,949)
Change in each component of net periodic cost:
Service cost $ (842)
Interest cost (895)
Net amortization and deferral of prior service cost 16
Net amortization and deferral of actuarial loss (466)
Total change in net periodic cost $ (2,187)
   
Expected employer contributions for 2010 $ — $ 961
Expected benefit payments:
2010 $ 9,080 $ 961
2011 10,860 1,623
2012 12,469 2,517
2013 14,081 3,633
2014 15,244 4,766
2015-2019 39,327 49,872
Expected subsidy:
2010 $ —
2011 14
2012 24
2013 38
2014 57
2015-2019 1,086