GE 2014 Annual Report Download - page 193

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GE 2014 FORM 10-K 173
FINANCIAL STATEMENTS POSTRETIREMENT BENEFIT PLANS
PROJECTED BENEFIT OBLIGATION
Principal pension plans Other pension plans
(In millions) 2014 2013 2014 2013
Balance at January 1 $ 58,113 $ 63,502 $ 13,535 $ 13,584
Service cost for benefits earned 1,205 1,535 403 435
Interest cost on benefit obligations 2,745 2,460 587 523
Participant contributions 153 156 9 14
Plan amendments - - (29) 11
Actuarial loss (gain) 11,718 (a) (6,406)(b) 2,170 (b) (575)(b)
Benefits paid (3,199) (3,134) (493) (477)
Acquisitions (dispositions) / other - net - - 48 46
Exchange rate adjustments - - (641) (26)
Balance at December 31(c) $ 70,735 $ 58,113 $ 15,589 $ 13,535
(a) Principally associated with discount rate and mortality assumption changes.
(b) Principally associated with discount rate changes.
(c) The PBO for the GE Supplementary Pension Plan, which is an unfunded plan, was $6,632 million and $5,162 million at year-end 2014 and 2013, respectively.
ACCUMULATED BENEFIT OBLIGATION
December 31 (In millions) 2014 2013
GE Pension Plan $ 61,631 $ 50,967
GE Supplementary Pension Plan 5,070 3,946
Other pension plans 14,790
12,629
PLANS WITH ASSETS LESS THAN ABO
December 31 (In millions) 2014 2013
Funded plans with assets less than ABO
Plan assets $ 53,126 $ 57,430
Accumulated benefit obligations 67,676 60,715
Projected benefit obligations 70,354
63,532
Unfunded plans(a)
Accumulated benefit obligations 6,719 5,243
Projected benefit obligations 8,342 6,512
(a) Primarily related to the GE Supplementary Pension Plan.