Health Net 2004 Annual Report Download - page 116
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HEALTH NET, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
Information for pension plans with an accumulated benefit obligation in excess of plan assets as of December 31 (amounts in
thousands):
Components of net periodic benefit cost for years ended December 31 (amounts in thousands):
Additional Information
F-30
2004
2003
Projected benefit obligation
$20,482
$17,290
Accumulated benefit obligation
15,180
13,066
Fair value of plan assets
—
—
Pension Benefits
Other Benefits
2004
2003
2002
2004
2003
2002
Service Cost
$947
$810
$836
$362
$449
$316
Interest Cos
t
1,017
959
969
467
528
369
Expected return on plan assets
—
—
—
—
—
—
Amortization of prior service cos
t
459
459
459
31
31
31
Amortization of net (gain) loss
(87)
(253)
(274)
29
28
(122)
Net periodic benefit cos
t
$2,336
$1,975
$1,990
$889
$1,036
$594
Pension Benefits
Other Benefits
2004
2003
2002
2004
2003
2002
(
Amounts in thousands
)
(Decrease) increase in minimum liability included in other
comprehensive income
$(66)
$469
$
—
N/A
N/A
N/A
Pension
Benefits
Other
Benefits
2004
2003
2004
2003
Assumptions
Weighted average assumptions used to determine benefit obligations at
December 31:
Discount rate
5.8%
6.0%
5.9%
6.0%
Rate of compensation increase
5.9%
5.8%
2.5%
2.6%
Pension Benefits Other Benefits
2004
2003
2002
2004
2003
2002
Weighted average assumptions used to determine net cost for
y
ears ended December 31:
Discount rate
6.0%
6.5%
7.0%
6.0%
6.5%
7.1%
Expected return on plan assets
0%
0%
0%
0%
0%
0%
Rate of compensation increase
5.8%
5.7%
5.8%
2.7%
2.8%
2.5%