LEUCADIA NATIONAL CORP | 2013 | FY | 3


    2013     2012  
Change in projected benefit obligation:            
Projected benefit obligation, beginning of year $ 275,858   $ 251,949  
Projected benefit obligation of Jefferies plan at March 1, 2013   51,599      
Interest cost   12,286     10,886  
Actuarial (gains) losses   (36,197 )   19,315  
Benefits paid   (8,502 )   (6,292 )
Projected benefit obligation, end of year $ 295,044   $ 275,858  
 
Change in plan assets:            
Fair value of plan assets, beginning of year $ 194,314   $ 188,876  
Jefferies plan assets at March 1, 2013   41,290      
Actual return on plan assets   6,454     8,726  
Employer contributions   6,475     3,728  
Benefits paid   (8,502 )   (6,292 )
Administrative expenses   (951 )   (724 )
Fair value of plan assets, end of year $ 239,080   $ 194,314  
 
Funded status at end of year $ (55,964 ) $ (81,544 )

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