MOLX » Topics » Other Postretirement Benefits

These excerpts taken from the MOLX 10-K filed Aug 6, 2008.
Other Postretirement Benefits
 
We have retiree health care plans that cover the majority of our U.S. employees. There are no significant postretirement health care benefit plans outside of the U.S. The health care cost trend rate assumption has a significant effect on the amount of the accumulated postretirement benefit obligation (APBO) and retiree health care benefit expense. A 100 basis-point change in the assumed health care cost trend rates would have the following effects (in thousands):
 
                         
    2008     2007     2006  
 
Increase (decrease) in total annual service and interest cost:
                       
Increase 100 basis points
  $ 1,219     $ 1,287     $ 1,476  
Decrease 100 basis points
    (968 )     (1,014 )     (1,211 )
Increase (decrease) in APBO:
                       
Increase 100 basis points
  $ 7,987     $ 9,057     $ 9,951  
Decrease 100 basis points
    (6,452 )     (7,270 )     (8,164 )
 
Other
Postretirement Benefits



 



We have retiree health care plans that cover the majority of our
U.S. employees. There are no significant postretirement
health care benefit plans outside of the U.S. The health
care cost trend rate assumption has a significant effect on the
amount of the accumulated postretirement benefit obligation
(APBO) and retiree health care benefit expense. A 100
basis-point change in the assumed health care cost trend rates
would have the following effects (in thousands):


 





























































































































                         

 

 

2008

 

 

2007

 

 

2006

 
 


Increase (decrease) in total annual service and interest cost:


 

 

 

 

 

 

 

 

 

 

 

 


Increase 100 basis points


 

$

1,219

 

 

$

1,287

 

 

$

1,476

 


Decrease 100 basis points


 

 

(968

)

 

 

(1,014

)

 

 

(1,211

)


Increase (decrease) in APBO:


 

 

 

 

 

 

 

 

 

 

 

 


Increase 100 basis points


 

$

7,987

 

 

$

9,057

 

 

$

9,951

 


Decrease 100 basis points


 

 

(6,452

)

 

 

(7,270

)

 

 

(8,164

)






 




This excerpt taken from the MOLX 10-K filed Aug 3, 2006.

Other Postretirement Benefits  


We have retiree health care plans that cover the majority of our U.S. employees.  There are no significant postretirement health care benefit plans outside of the U.S.  The health care cost trend rate assumption has a significant effect on the amount of the accumulated postretirement benefit obligation (APBO) and retiree health care benefit expense.  A 100 basis-point change in the assumed health care cost trend rates would have the following effects (in thousands):      

 

2006

 

2005

 

2004

Effect on total service and interest cost:

        

Increase 100 basis points

$

1,476 

 

$

1,073 

 

$

714 

Decrease 100 basis points

 

(1,211)

  

(908)

  

(600)

         

Effect on APBO:

        

Increase 100 basis points

$

9,951 

 

$

8,655 

 

$

6,277 

Decrease 100 basis points

 

(8,164)

  

(7,325)

  

(5,279)


This excerpt taken from the MOLX 10-K filed Sep 12, 2005.

Other Postretirement Benefits

The Company has retiree health care plans that cover the majority of its U.S. employees. There are no significant postretirement health care benefit plans outside of the U.S. The health care cost trend rate assumption has a significant effect on the amount of the accumulated postretirement benefit obligation (APBO) and retiree health care benefit expense. A 100 basis-point change in the assumed health care cost trend rates would have the following effects (in thousands):

2005
   
2004
   
2003
Effect on total service and interest cost:
  Increase 100 basis points
$
1,073
  
$
714
   
$
407
  Decrease 100 basis points
(908
)
  
(600
)
(317
)
Effect on APBO:
  Increase 100 basis points
$
8,655
  
$
6,277
   
$
5,942
  Decrease 100 basis points
(7,325
)
  
(5,279
)
(4,654
)
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