Voya 2013 Annual Report Download - page 335

ING U.S., Inc.
Notes to the Consolidated Financial Statements
(Dollar amounts in millions, unless otherwise stated)
The Company expects that it will make a cash contribution of approximately $28.2 to the qualified and non-
qualified pension plans and approximately $3.7 to other postretirement plans in 2014.
Defined Contribution Plans
Certain of the Company’s subsidiaries sponsor defined contribution plans. The largest defined contribution plan
is the ING U.S. Savings Plan and ESOP (the “Savings Plan”). The assets of the Savings Plan are held in
independently administered funds. Substantially all employees of the Company are eligible to participate, other
than the Company’s agents. The Savings Plan is a tax qualified defined contribution and stock bonus plan, which
includes an employee stock ownership plan component. Savings Plan benefits are not guaranteed by the PBGC.
The Savings Plan allows eligible participants to defer into the Savings Plan a specified percentage of eligible
compensation on a pretax basis. The Company matches such pretax contributions, up to a maximum of 6% of
eligible compensation, subject to IRS limits. All matching contributions are subject to a 4 year graded vesting
schedule. All contributions made to the Savings Plan are subject to certain limits imposed by applicable law.
These plans do not give rise to balance sheet provisions, other than relating to short-term timing differences
included in Other liabilities. The amount of cost recognized for the defined contribution pension plans for the
years ended December 31, 2013, 2012 and 2011 was $37.2, $34.4 and $38.2, respectively, and is recorded in
Operating expenses in the Consolidated Statements of Operations.
14. Accumulated Other Comprehensive Income (Loss)
Shareholders’ equity included the following components of Accumulated Other Comprehensive Income
(“AOCI”) as of the dates indicated:
December 31,
2013 2012 2011
Fixed maturities, net of OTTI ............... $3,165.3 $ 7,863.0 $ 5,546.8
Equity securities, available-for-sale .......... 47.0 42.2 33.2
Derivatives ............................. 134.8 214.4 172.6
DAC/VOBA adjustment on available-for-sale
securities ............................. (1,055.0) (2,783.6) (2,202.3)
Sales inducements adjustment on available-for-
sale securities ......................... (58.1) (147.4) (80.3)
Other .................................. (27.7) (40.5) (33.2)
Unrealized capital gains (losses), before tax ........ 2,206.3 5,148.1 3,436.8
Deferred income tax asset (liability) .............. (407.6) (1,496.8) (915.1)
Net unrealized capital gains (losses) .............. 1,798.7 3,651.3 2,521.7
Pension and other postretirement benefits liability,
netoftax ................................. 50.4 59.4 73.3
AOCI ...................................... $1,849.1 $ 3,710.7 $ 2,595.0
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