|
|
 | | | |
- close
- close
- close
- close
This excerpt taken from the HBI 10-Q filed Nov 13, 2006. Measurement
Date and Assumptions
Historically, a March 31 measurement date was used to value
plan assets and obligations for the Company’s defined
benefit pension plans. In connection with the spin off on
September 5, 2006, a measurement date of September 5,
2006 was used to value plan assets and obligations reported for
the postretirement healthcare and life insurance plans. The
weighted average actuarial assumptions used in measuring the net
periodic benefit cost and plan obligations for these plans at
the measurement date were as follows: discount rate of 5.82% for
plan obligations and net periodic benefit cost; and long term
rate of return on plan assets of 3.70%.
|
| |||||||
