NORDSTROM INC | 2013 | FY | 3

Weighted-average assumptions used to determine our benefit obligation and SERP expense are as follows:
Fiscal year
2013

 
2012

 
2011

Assumptions used to determine benefit obligation:
 
 
 
 
 
Discount rate
4.60
%
 
4.30
%
 
4.50
%
Rate of compensation increase
3.00
%
 
3.00
%
 
3.00
%
Assumptions used to determine SERP expense:
 
 
 
 
 
Discount rate
4.30
%
 
4.50
%
 
5.60
%
Rate of compensation increase
3.00
%
 
3.00
%
 
3.00
%

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