HERSHEY CO | 2013 | FY | 3


A summary of the changes in benefit obligations and plan assets is as follows:
 
 
Pension Benefits 
 
Other Benefits 
December 31,
 
2013
 
2012
 
2013
 
2012
In thousands of dollars
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Change in benefit obligation
 
 
 
 
 
 
 
 
Projected benefits obligation at beginning of year
 
$
1,237,778

 
$
1,156,756

 
$
318,415

 
$
318,536

Service cost
 
31,339

 
30,823

 
1,094

 
1,172

Interest cost
 
43,962

 
49,909

 
10,747

 
13,258

Plan amendments
 
55

 
2

 
—

 
—

Actuarial (gain) loss
 
(100,872
)
 
112,700

 
(33,412
)
 
7,916

Curtailment
 
(8,833
)
 
—

 
—

 
—

Settlement
 
(319
)
 
(49,876
)
 
—

 
—

Currency translation and other
 
(5,976
)
 
1,903

 
(1,030
)
 
370

Benefits paid
 
(76,642
)
 
(64,439
)
 
(24,877
)
 
(22,837
)
 
 
 
 
 
 
 
 
 
Projected benefits obligation at end of year
 
1,120,492

 
1,237,778

 
270,937

 
318,415

 
 
 
 
 
 
 
 
 
Change in plan assets
 
 
 
 
 
 
 
 
Fair value of plan assets at beginning of year
 
988,167

 
961,421

 
—

 
—

Actual return on plan assets
 
152,976

 
118,073

 
—

 
—

Employer contribution
 
32,336

 
21,371

 
24,877

 
22,837

Settlement
 
(319
)
 
(49,876
)
 
—

 
—

Currency translation and other
 
(4,533
)
 
1,617

 
—

 
—

Benefits paid
 
(76,642
)
 
(64,439
)
 
(24,877
)
 
(22,837
)
 
 
 
 
 
 
 
 
 
Fair value of plan assets at end of year
 
1,091,985

 
988,167

 
—

 
—

 
 
 
 
 
 
 
 
 
Funded status at end of year
 
$
(28,507
)
 
$
(249,611
)
 
$
(270,937
)
 
$
(318,415
)

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