Certain weighted-average assumptions used in computing the benefit obligations as of December 31, 2013 and 2012 were as follows:
|
| | | | | | | | | | | | |
| | Pension Benefits | | Other Benefits |
| | 2013 | | 2012 | | 2013 | | 2012 |
Discount rate | | 4.5 | % | | 3.7 | % | | 4.5 | % | | 3.7 | % |
Rate of increase in compensation levels | | 4.0 | % | | 4.0 | % | | N/A |
| | N/A |
|
For measurement purposes as of December 31, 2013, we assumed an 8.5% annual rate of increase in the per capita cost of covered health care benefits for 2014, grading down to 5.0% by 2019.
For measurement purposes as of December 31, 2012, we assumed a 9.1% annual rate of increase in the per capita cost of covered health care benefits for 2013, grading down to 5.0% by 2019.
Certain weighted-average assumptions used in computing net periodic benefit cost were as follows:
|
| | | | | | | | | | | | | | | | | | |
| | Pension Benefits | | Other Benefits |
For the years ended December 31, | | 2013 | | 2012 | | 2011 | | 2013 | | 2012 | | 2011 |
| | | | | | | | | | | | |
Discount rate | | 3.7 | % | | 4.5 | % | | 5.2 | % | | 3.7 | % | | 4.5 | % | | 5.2 | % |
Expected long-term return on plan assets | | 7.75 | % | | 8.0 | % | | 8.0 | % | | N/A |
| | N/A |
| | N/A |
|
Rate of compensation increase | | 4.0 | % | | 4.1 | % | | 4.1 | % | | N/A |
| | N/A |
| | N/A |
|
