Navy Federal Credit Union 2015 Annual Report Download - page 62

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Financial Section 43
2015—SHARED SUCCESS
The amounts in Accumulated other comprehensive income (loss) that have not yet been
recognized as components of net periodic benefit cost as of December 31 are:
Pension Retiree Medical
(dollars in thousands) 2015 2014 2015 2014
Accumulated other comprehensive loss:
Net prior service cost (credit) $ 27,361 $ 32,521 $ 1,788 $ 2,342
Net loss/(gain) 231,639 232,311 7,796 13,186
Other comprehensive loss $ 259,000 $ 264,832 $ 9,584 $ 15,528
The amounts recognized in Accumulated other comprehensive income (loss) for the years ended
December 31, 2015 and 2014 consist of:
Pension Retiree Medical
(dollars in thousands) 2015 2014 2015 2014
Other Changes in Plan Assets and Benefit Obligations
Recognized in Other Comprehensive Income (Loss):
Amounts amortized during the year
Net prior service (cost)/credit $ (5,161) $ (3,053) $ (554) $ (746)
Net (loss)/gain (14,540) — (606) (107)
Amounts arising during the year
Net prior service (cost)/credit — 22,755 — —
Net (loss)/gain 13,869 151,564 (4,784) 8,387
Total recognized in other
comprehensive income (loss) $ (5,832) $ 171,266 $ (5,944) $ 7,534
The amounts in Accumulated other comprehensive income (loss) expected to be recognized as a
component of net periodic benefit cost during 2016 are as follows:
(dollars in thousands) Pension Retiree Medical
Expected Amortization Amounts in 2016:
Net loss $ 10,994 $ 215
Prior service cost 4,050 240
Total $ 15,044 $ 455
The following table discloses the benefits expected to be paid:
(dollars in thousands) Pension Retiree Medical
2016 $ 44.515 $ 2,484
2017 47,336 2,467
2018 50,791 2,477
2019 54,490 2,553
2020 58,345 2,642
2021–2025 342,701 15,197
Total $ 598,178 $ 27,820