PBG » Topics » Employee Benefit Plans

This excerpt taken from the PBG 8-K filed Sep 16, 2009.
Employee Benefit Plans – We sponsor both pension and other postretirement medical benefit plans in various forms in the United States and other similar pension plans in our international locations, covering employees who meet specified eligibility requirements. The assets, liabilities and expense associated with our international plans were not significant to our results of operations and are not included in the tables and discussion presented below.
 
These excerpts taken from the PBG 10-K filed Feb 20, 2009.
Employee Benefit Plans – We sponsor both pension and other postretirement medical benefit plans in various forms in the United States and other similar pension plans in our international locations, covering employees who meet specified eligibility requirements. The assets, liabilities and expense associated with our international plans were not significant to our results of operations and are not included in the tables and discussion presented below.
 
Employee Benefit
Plans
 – We sponsor both pension and other
postretirement medical benefit plans in various forms in the
United States and other similar pension plans in our
international locations, covering employees who meet specified
eligibility requirements. The assets, liabilities and expense
associated with our international plans were not significant to
our results of operations and are not included in the tables and
discussion presented below.


 



These excerpts taken from the PBG 10-K filed Feb 27, 2008.
Employee Benefit Plans – We sponsor both pension and other postretirement medical benefit plans in various forms in the United States and other similar pension plans in our international locations, covering employees who meet specified eligibility requirements.
 
On December 30, 2006, we adopted the funded status provision of SFAS 158 which requires that we recognize the overfunded or underfunded status of each of our defined benefit pension plans and other postretirement plans as an asset or liability on our December 30, 2006 balance sheet. Subsequent changes in the funded status are recognized through comprehensive income in the year in which they occur. SFAS 158 also requires that beginning in 2008 our assumptions used to measure our annual pension and postretirement medical expenses be determined as of the balance sheet date and all plan assets and liabilities be reported as of that date. For fiscal years ending 2007 and prior, the majority of our pension and other postretirement plans used a September 30 measurement date and all plan assets and obligations were generally reported as of that date.
 
The assets, liabilities and expense associated with our international plans were not significant to our results of operations and are not included in the tables and discussion presented below.
 
Employee Benefit
Plans
 – We sponsor both pension and other
postretirement medical benefit plans in various forms in the
United States and other similar pension plans in our
international locations, covering employees who meet specified
eligibility requirements.


 



On December 30, 2006, we adopted the funded status
provision of SFAS 158 which requires that we recognize the
overfunded or underfunded status of each of our defined benefit
pension plans and other postretirement plans as an asset or
liability on our December 30, 2006 balance sheet.
Subsequent changes in the funded status are recognized through
comprehensive income in the year in which they occur.
SFAS 158 also requires that beginning in 2008 our
assumptions used to measure our annual pension and
postretirement medical expenses be determined as of the balance
sheet date and all plan assets and liabilities be reported as of
that date. For fiscal years ending 2007 and prior, the majority
of our pension and other postretirement plans used a September
30 measurement date and all plan assets and obligations were
generally reported as of that date.


 



The assets, liabilities and expense associated with our
international plans were not significant to our results of
operations and are not included in the tables and discussion
presented below.


 



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