Mercedes 1998 Annual Report Download - page 103
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Service cost 17316 153 11 147 8
Interest cost 598 48 548 44 489 38
Expected return on plan assets (6) – (5) – – –
Amortization of:
Unrecognized net actuarial losses (gains) 3 11 (1) – (6) –
Unrecognized prior service cost 24 (1) 1 3 15 3
Unrecognized net asset – – (1) – (24) (1)
Other ––2–5–
Net periodic postretirement benefit cost 792 74 697 58 626 48
99
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
The components of net periodic postretirement benefit cost
were as follows:
U.S. Plans Non-U.S. U.S. Plans Non-U.S. U.S. Non-U.S.
Plans Plans Plans Plans
The following schedule presents the effects of a one-
percentage-point change in assumed health care cost trend
rates:
1-Percentage- 1-Percentage-
Point Increase Point Decrease
Effect on total of service and interest
cost components 111 ( 91 )
Effect on accumulated postretirement
benefit obligations 1,067 (876)
Prepaid Employee Benefits
In December 1998, DaimlerChrysler prepaid certain 1999
nonpension employee benefits by contributing € 292 to a
Voluntary Employees’ Beneficiary Association (“VEBA”) trust
for payment of postretirement health care benefits. Also in
1998, € 1,206 of the amounts contributed to the VEBA in 1997
and 1996 were designated and restricted for the payment of
postretirement health care benefits. Therefore in 1998 the total
of € 1,498 were assigned to the plan assets of the postretire-
ment health care and life insurance benefit plans. In December
1997, Chrysler prepaid certain 1998 nonpension employee
benefits by contributing € 975 to a VEBA trust and other
employee benefit plans. In December 1996, DaimlerChrysler
prepaid certain 1997 nonpension employee benefits by
contributing € 846 to a VEBA trust and other employee benefit
plans.
1998 1997 1996