Huntington National Bank 2009 Annual Report Download - page 183

The followin
g
table reconciles the be
g
innin
g
and endin
g
balances of the benefit obli
g
ation of the Plan
an
d
t
h
e post-ret
i
rement
b
ene
fi
tp
l
an w
i
t
h
t
h
e amounts reco
g
n
i
ze
di
nt
h
e conso
lid
ate
db
a
l
ance s
h
eets at
December
3
1:
2009 2008 2009 2008
Pension Benefit
s
Post-Retiremen
t
Benefit
s
(
In thousands
)
Projected benefit obli
g
ation at be
g
innin
g
o
f
measuremen
ty
ea
r
.......................
$
469
,
696
$
427
,
82
8
$
60
,
43
3
$
59
,
008
Impact o
f
c
h
an
g
e
i
n measurement
d
at
e
...........
—
(
1,9
5
6
)
—
(804)
Ch
an
g
es
d
ue to:
S
er
v
ice cos
t
.............................
23
,
692
2
3
,
680 1
,
55
0
1
,
679
Interest cos
t
.............................
28
,
036
2
6
,
804 3
,
27
4
3
,
612
Benefits
p
aid
............................
(9
,
233)
(
8,630
)
(5
,
285)
(
3,552
)
Sett
l
ement
s
.............................
(
12
,
071
)
(
12,4
5
9
)
—
—
E
ff
ect o
fpl
an com
bi
nat
i
ons
.................
24,411
—
—
—
P
la
n
a
m
e
n
d
m
e
n
ts
.........................
(
45
,
413
)
—
(
25
,
947
)
—
Plan curtailments
.........................
—
—
(
527
)
—
M
ed
i
ca
r
e subs
i
d
i
es
........................
—
—
55
0
—
Actuarial assumptions and
g
ains and losse
s
......
25
,
741 14
,
429
(
875
)
49
0
Total chan
g
e
s
.............................
35
,
163 43
,
824 (27
,
260) 2
,
229
Projected benefit obli
g
ation at end o
f
measuremen
ty
ea
r
.......................
$
504
,
85
9
$
469
,
69
6
$
33
,
17
3
$
60
,
433
Bene
fi
ts pa
id
are net o
f
ret
i
ree contr
ib
ut
i
ons co
ll
ecte
dby
Hunt
i
n
g
ton. T
h
e actua
l
contr
ib
ut
i
ons rece
i
ve
din
2
009 b
y
Huntin
g
ton for the retiree medical pro
g
ram were $3.1 million.
T
h
e
f
o
ll
ow
i
n
g
ta
bl
e reconc
il
es t
h
e
b
e
gi
nn
i
n
g
an
d
en
di
n
gb
a
l
ances o
f
t
h
e
f
a
i
rva
l
ue o
f
P
l
an assets at t
he
D
ecember 31, 2009 and 2008 measurement dates with the amounts reco
g
nized in the consolidated balanc
e
sheets.
2
009
2
008
P
e
n
sio
nB
e
n
efi
t
s
(
In thousands
)
Fa
i
r value o
f
plan assets at be
gi
nn
i
n
g
o
f
measurement year
..........
$407
,
07
9
$
516
,
893
Impact o
f
c
h
an
g
e
i
n measurement
d
ate . .
.
.........................
—
(
10,347
)
C
han
g
es due to:
Actual (loss) return on
p
lan assets
..............................
51
,
20
2
(
127,354
)
Emp
l
o
y
er contr
ib
ut
i
ons
......................................
—
5
0
,
000
S
ett
l
ement
s
..............................................
(
12
,
394
)
(13
,
482)
P
l
an com
bi
nat
i
ons
.........................................
1
7
,460
—
B
enefits
p
aid
.............................................
(9
,
233
)
(
8,631
)
Total chan
g
e
s
..............................................
4
7
,035
(
99,4
6
7
)
Fa
i
r value o
fp
lan assets at end o
f
measurement
y
ea
r
...............
$
454
,
11
4
$
407
,
079
Huntin
g
ton’s accumulated benefit obli
g
ation under the Plan was $504.6 million and $433 million a
t
Decem
b
er 31, 2009 an
d
2008. As o
f
Decem
b
er 31, 2009, t
h
e accumu
l
ate
db
ene
fi
to
blig
at
i
on excee
d
e
d
t
h
e
f
a
i
r
value of Huntin
g
ton’s plan assets b
y$
50.5 million
.
17
5