Unum 2009 Annual Report Download - page 130

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128
Notes To Consolidated Financial Statements
Unum
2009
Note 9. Pensions and Other Postretirement Benefits
We sponsor several defined benefit pension and other postretirement benefit (OPEB) plans for our employees, including non-qualified
pension plans. The U.S. plans comprise the majority of our total benefit obligation and benefit cost. We maintain a separate defined benefit
plan for eligible employees in our U.K. operation. The U.K. defined benefit pension plan was closed to new entrants on December 31, 2002.
The following tables provide the changes in the benefit obligation and fair value of plan assets and statements of the funded status
of the plans.
Pension Benefits
U.S. Plans Non U.S. Plans OPEB
(in millions of dollars) 2009 2008 2009 2008 2009 2008
Change in Benefit Obligation
Benefit Obligation at Beginning of Year $1,009.3 $ 904.8 $127.0 $187.9 $192.6 $189.4
Service Cost 29.6 28.7 4.9 7.8 2.9 3.3
Interest Cost 64.0 58.2 8.7 10.3 11.3 11.5
Plan Participant Contributions — — — — 3.2 3.2
Actuarial (Gain) Loss 44.7 37.7 24.1 (28.8) (0.6) (0.9)
Benefits and Expenses Paid (24.0) (20.1) (5.8) (3.9) (14.4) (13.9)
Plan Amendments — — — — (4.4) —
Prior Service Cost — — 0.2 — — —
Change in Foreign Exchange Rates — — 14.4 (46.3) — —
Benefit Obligation at End of Year $1,123.6 $1,009.3 $173.5 $127.0 $190.6 $192.6
Accumulated Benefit Obligation at
December 31 $1,031.6 $ 952.2 $163.4 $110.8 N/A N/A
Change in Fair Value of Plan Assets
Fair Value of Plan Assets
at Beginning of Year $ 658.1 $ 784.3 $120.1 $186.2 $ 12.0 $ 12.0
Actual Return on Plan Assets 180.2 (239.7) 27.5 (25.2) 0.7 0.3
Employer Contributions 74.2 133.6 5.5 7.3 10.4 10.4
Plan Participant Contributions — — — — 3.2 3.2
Benefits and Expenses Paid (24.0) (20.1) (5.8) (3.9) (14.4) (13.9)
Change in Foreign Exchange Rates — — 13.5 (44.3) — —
Fair Value of Plan Assets at End of Year $ 888.5 $ 658.1 $160.8 $120.1 $ 11.9 $ 12.0
Unfunded Liability $ 235.1 $ 351.2 $ 12.7 $ 6.9 $178.7 $180.6