TCF Bank 2011 Annual Report Download - page 105

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The following table sets forth the changes recognized in accumulated other comprehensive (income) loss at the dates indicated.
Postretirement Plan
Year Ended December 31,
(In thousands) 2011 2010 2009
Accumulated other comprehensive loss at the beginning of the year $ 7 $11 $15
Prior service cost (301) – –
Adjustment to transition obligation (3) – –
Amortizations (recognized in net periodic benefit plan cost):
Transition obligation (4) (4) (4)
Total recognized in other comprehensive (income) (308) (4) (4)
Accumulated other comprehensive (income) loss at end of year, before tax $(301) $ 7 $11
The measurement dates used for determining the Pension Plan and the Postretirement Plan projected and accumulated
benefit obligations and the dates used to value plan assets were December 31, 2011 and December 31, 2010. The discount
rate used to measure the benefit obligations of the Pension Plan and the Postretirement Plan was 4% for the year ended
December 31, 2011 and 4.75% for the year ended December 31, 2010.
Net periodic benefit plan (income) cost included in compensation and employee benefits expense consists of the following.
Pension Plan Postretirement Plan
Year Ended December 31, Year Ended December 31,
(In thousands) 2011 2010 2009 2011 2010 2009
Interest cost $ 2,223 $ 2,554 $ 2,918 $ 431 $455 $ 495
Return on plan assets (3,975) (9,938) (13,560) – – –
Service cost – – – 2 1 7
Recognized actuarial (gain) loss (1,718) 1,726 936 (1,426) 461 891
Amortization of transition obligation – – – 4 4 4
Net periodic benefit plan (income) cost $(3,470) $(5,658) $ (9,706) $ (989) $921 $1,397
Pension Plan actual return on plan assets, net of administrative expenses was 7% for the year ended December 31, 2011 and
21.1% for the year ended December 31, 2010. The actual gain on plan assets for the year ended December 31, 2011 totaled
$4 million and reduced net periodic benefit cost during 2011.
The discount rate and expected long-term rate of return on plan assets used to determine the estimated net benefit plan cost
were as follows.
Pension Plan Postretirement Plan
Year Ended December 31, Year Ended December 31,
Assumptions used to
determine net benefit plan cost 2011 2010 2009 2011 2010 2009
Discount rate 4.75% 5.50% 6.25% 4.75% 5.25% 6.25%
Expected long-term rate
of return on plan assets 5.00 8.50 8.50 N.A. N.A. N.A.
N.A. Not Applicable.
872011 Form 10-K