Sunbeam 2007 Annual Report Download - page 109
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Foreign Contributions
The Company funds its pension plans in amounts consistent with applicable laws and regulations and
expects to make cash contributions of approximately $2.8 in 2008.
Information about the expected benefit payments for the Company’s pension and postretirement plans are as
follows (in millions):
Years ended December 31,
Pension
Plans
Postretirement
Plans
2008 ......................................................... $ 40.1 $ 1.3
2009 ......................................................... 23.4 1.3
2010 ......................................................... 23.4 1.3
2011 ......................................................... 23.4 1.3
2012 ......................................................... 24.0 1.3
2013-2015 .................................................... 121.7 7.2
Total ..................................................... $256.0 $13.7
The current healthcare cost trend rate gradually declines through 2012 to the ultimate trend rate and remains
level thereafter. A one percentage point change in assumed healthcare cost trend rates would have the following
effects (in millions):
1% Increase 1% Decrease
Total postretirement service and interest cost components ............. $0.1 $(0.1)
Postretirement benefit obligation ................................. 0.8 (0.7)
The Company sponsors defined contribution savings plans for substantially all of its U.S. employees. Under
provisions for this plan, employees may contribute a percentage of eligible compensation on both a before-tax
basis and after-tax basis. The Company matches a percentage of a participating employee’s before-tax
contributions. For 2007, 2006 and 2005 the defined contribution savings plan expense was $8.3, $6.9 and $5.7,
respectively.
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