GE 2005 Annual Report Download - page 97

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(97)
Other pension plans (weighted average)
2005 2004
December 31
Target
allocation
Actual
allocation
Actual
allocation
Equity securities 63% 65% 65%
Debt securities 30 28 27
Real estate 3 3 3
Other
4 4 5
Total
100% 100%
Our recorded assets and liabilities for pension plans are as follows:
PREPAID PENSION ASSET (LIABILITY)
Principal pension plans Other pension plans
December 31 (In millions) 2005 2004 2005 2004
Funded status(a) $5,765
$6,696 $ (2,884) $ (2,520)
Unrecognized prior
service cost 1,004 1,260 37 40
Unrecognized net
actuarial loss 8,445 7,481 2,046 1,658
Net amount recognized $ 15,214 $ 15,437 $ (801) $ (822)
Amounts recorded in the
Statement of Financial
Position:
Prepaid pension asset $ 17,853 $ 17,629 $114
$153
Accrued pension
obligation(b) (2,639) (2,192) (2,197) (1,993)
Intangible assets
–
54 57
Accumulated other
comprehensive
income
–
1,228 961
Net amount recognized $ 15,214 $ 15,437 $ (801) $ (822)
(a) Fair value of assets less PBO, as shown in the preceding tables.
(b) For principal pension plans, represents the GE Supplementary Pension Plan liability.
Estimated future benefit payments for our pension plans are as follows:
ESTIMATED FUTURE BENEFIT PAYMENTS
(In millions) 2006 2007 2008 2009 2010
2011-
2015
Principal pension plans $ 2,400 $ 2,450 $ 2,500 $ 2,500 $ 2,550 $ 14,000
Other pension plans 250 275 275 300 300 1,650