SAFEWAY INC | 2013 | FY | 3


The following table provides a reconciliation of the changes in the retirement plans’ benefit obligation and fair value of assets over the two-year period ended December 28, 2013 and a statement of the funded status as of year-end 2013 and year-end 2012 (in millions): 
 
Pension
 
Other Post-Retirement Benefits
  
2013
2012
 
2013
2012
Change in projected benefit obligation:
 
 
 
 
 
Beginning balance
$
2,635.4

$
2,424.5

 
$
135.0

$
131.1

Service cost
42.0

40.3

 
0.7

0.6

Interest cost
85.4

91.8

 
3.2

3.6

Plan amendments
0.2

0.4

 


Actuarial loss (gain)
(56.3
)
176.0

 
(5.0
)
6.6

Plan participant contributions


 
1.0

1.0

Benefit payments
(133.3
)
(131.6
)
 
(7.2
)
(7.3
)
Change in projected benefit obligation related to CSL
(39.5
)
34.0

 
1.3

(0.6
)
Disposal of CSL
(510.5
)

 
(49.5
)

Ending balance
$
2,023.4

$
2,635.4

 
$
79.5

$
135.0

Change in fair value of plan assets:
 
 
 
 
 
Beginning balance
$
1,845.7

$
1,641.4

 
$

$

Actual return on plan assets
268.6

179.3

 


Employer contributions
50.1

104.1

 
6.2

6.3

Plan participant contributions


 
1.0

1.0

Benefit payments
(133.3
)
(131.6
)
 
(7.2
)
(7.3
)
Change in fair value of plan assets related to CSL
32.8

52.5

 


Disposal of CSL
(419.7
)

 


Ending balance
$
1,644.2

$
1,845.7

 
$

$

Components of net amount recognized in financial position:
 
 
 
 
 
Other accrued liabilities (current liability)
$
(1.1
)
$
(2.3
)
 
$
(6.2
)
$
(7.9
)
Pension and postretirement benefit obligations (non-current liability)
(378.1
)
(787.4
)
 
(73.3
)
(127.1
)
Funded status
$
(379.2
)
$
(789.7
)
 
$
(79.5
)
$
(135.0
)

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