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GIS » Topics » Contributions and Future Benefit Payments

These excerpts taken from the GIS 10-K filed Jul 11, 2008.
Contributions and Future Benefit Payments We expect to make contributions of $28.1 million to our defined benefit, other postretirement, and postemployment benefits plans in fiscal 2009. Actual 2009 contributions could exceed our current projections, as influenced by our decision to undertake discretionary funding of our benefit trusts versus other competing investment priorities and future changes in government requirements. Estimated benefit payments, which reflect expected future service, as appropriate, are expected to be paid from fiscal 2009-2018 as follows:
 
                           
    Defined
   Other
          
    Benefit
   Postretirement
   Medicare
     Postemployment
    Pension
   Benefit Plans
   Subsidy
     Benefit
In Millions   Plans   Gross Payments   Receipts     Plans
2009
  $ 176.3   $ 56.0   $ (6.1 )   $ 16.6
2010
    182.5     59.9     (6.7 )     17.5
2011
    189.8     63.3     (7.3 )     18.1
2012
    197.5     67.0     (8.0 )     18.8
2013
    206.6     71.7     (8.7 )     19.4
2014 – 2018
    1,187.3     406.8     (55.3 )     106.3
 
 
 
Contributions and Future
Benefit Payments We expect to make
contributions of $28.1 million to our defined benefit,
other postretirement, and postemployment benefits plans in
fiscal 2009. Actual 2009 contributions could exceed our current
projections, as influenced by our decision to undertake
discretionary funding of our benefit trusts versus other
competing investment priorities and future changes in government
requirements. Estimated benefit payments, which reflect expected
future service, as appropriate, are expected to be paid from
fiscal
2009-2018 as
follows:


 














































































































































































                           

 

 

Defined


 

Other


 

 

 

 

 

 

 

Benefit


 

Postretirement


 

Medicare


 

 

Postemployment


 

 

Pension


 

Benefit Plans


 

Subsidy


 

 

Benefit


In Millions

 

Plans

 

Gross Payments

 

Receipts

 

 

Plans




2009


 

$

176.3

 

$

56.0

 

$

(6.1

)

 

$

16.6


2010


 

 

182.5

 

 

59.9

 

 

(6.7

)

 

 

17.5


2011


 

 

189.8

 

 

63.3

 

 

(7.3

)

 

 

18.1


2012


 

 

197.5

 

 

67.0

 

 

(8.0

)

 

 

18.8


2013


 

 

206.6

 

 

71.7

 

 

(8.7

)

 

 

19.4


2014 – 2018


 

 

1,187.3

 

 

406.8

 

 

(55.3

)

 

 

106.3

 

 






 



EXCERPTS ON THIS PAGE:

10-K (2 sections)
Jul 11, 2008

RELATED TOPICS for GIS:

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