HERSHEY CO | 2013 | FY | 3


Certain weighted-average assumptions used in computing the benefit obligations as of December 31, 2013 and 2012 were as follows:
 
 
Pension Benefits 
 
Other Benefits
 
 
2013
 
2012
 
2013
 
2012
Discount rate
 
4.5
%
 
3.7
%
 
4.5
%
 
3.7
%
Rate of increase in compensation levels
 
4.0
%
 
4.0
%
 
N/A

 
N/A

For measurement purposes as of December 31, 2013, we assumed an 8.5% annual rate of increase in the per capita cost of covered health care benefits for 2014, grading down to 5.0% by 2019.
For measurement purposes as of December 31, 2012, we assumed a 9.1% annual rate of increase in the per capita cost of covered health care benefits for 2013, grading down to 5.0% by 2019.
Certain weighted-average assumptions used in computing net periodic benefit cost were as follows:  
 
 
Pension Benefits
 
Other Benefits
For the years ended December 31,
 
2013
 
2012
 
2011
 
2013
 
2012
 
2011
 
 
 
 
 
 
 
 
 
 
 
 
 
Discount rate
 
3.7
%
 
4.5
%
 
5.2
%
 
3.7
%
 
4.5
%
 
5.2
%
Expected long-term return on plan assets
 
7.75
%
 
8.0
%
 
8.0
%
 
N/A

 
N/A

 
N/A

Rate of compensation increase
 
4.0
%
 
4.1
%
 
4.1
%
 
N/A

 
N/A

 
N/A


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