ASSURANT INC | 2013 | FY | 3


 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

Pension Benefits

 

Retirement Health Benefits

 

  

2013

 

2012

 

2011

 

2013

 

2012

 

2011

Change in projected benefit obligation

  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Projected benefit obligation at beginning of year

  

$

(956,172)

 

$

(855,638)

 

$

(749,284)

 

$

(86,237)

 

$

(75,702)

 

$

(97,436)

Service cost

  

 

(38,580)

 

 

(35,609)

 

 

(31,832)

 

 

(2,863)

 

 

(2,762)

 

 

(3,233)

Interest cost

  

 

(38,243)

 

 

(38,348)

 

 

(38,919)

 

 

(3,473)

 

 

(3,483)

 

 

(3,915)

Amendments

  

 

 

 

 

 

(1,865)

 

 

 

 

 

 

13,541 

Actuarial gain (loss), including curtailments and settlements

  

 

89,029 

 

 

(60,106)

 

 

(73,449)

 

 

11,213 

 

 

(6,288)

 

 

13,249 

Benefits paid

  

 

38,023 

 

 

33,529 

 

 

39,711 

 

 

2,314 

 

 

1,998 

 

 

2,092 

Projected benefit obligation at end of year

  

$

(905,943)

 

$

(956,172)

 

$

(855,638)

 

$

(79,046)

 

$

(86,237)

 

$

(75,702)

 

  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Change in plan assets

  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fair value of plan assets at beginning of year

  

$

704,976 

 

$

601,662 

 

$

533,867 

 

$

45,651 

 

$

42,073 

 

$

39,663 

Actual return on plan assets

  

 

64,641 

 

 

81,896 

 

 

56,965 

 

 

3,234 

 

 

5,576 

 

 

4,502 

Employer contributions

  

 

56,217 

 

 

56,096 

 

 

51,740 

 

 

400 

 

 

 

 

Benefits paid (including administrative expenses)

  

 

(39,084)

 

 

(34,678)

 

 

(40,910)

 

 

(2,314)

 

 

(1,998)

 

 

(2,092)

Fair value of plan assets at end of year

  

$

786,750 

 

$

704,976 

 

$

601,662 

 

$

46,971 

 

$

45,651 

 

$

42,073 

Funded status at end of year

  

$

(119,193)

 

$

(251,196)

 

$

(253,976)

 

$

(32,075)

 

$

(40,586)

 

$

(33,629)

 


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