Statements of Benefit Obligations
December 31, 2011
AMOUNTS CURRENTLY PAYABLE TO OR FOR PARTICPANTS,
BENEFICIARIES AND DEPENDENTS
Health claims and insurance premiums payable
$ 6,475,202
POST-RETIREMENT BENEFIT OBLIGATIONS
• Current participants
528,994,707
• Active employees eligible for benefits
399,985,738
• Other active employees not yet fully eligible for benefits
228,775,198
1,157,755,643
TOTAL BENEFIT OBLIGATIONS $ 1,164,230,845
Statements of Changes in
Benefit Obligations
December 31, 2011
AMOUNTS CURRENTLY PAYABLE TO OR FOR PARTICIPANTS,
BENEFICIARIES AND DEPENDENTS
Beginning of year
$ 6,004,960
Claims and insurance premiums reported and approved for payment
41,144,989
Claims and insurance premiums paid
(40,674,747)
End of year
6,475,202
POST-RETIREMENT BENEFIT OBLIGATIONS
Beginning of year
973,758,117
Increase (decrease) during the year attributable to:
Increase for interest due to the decrease in the discount period
53,018,371
Benefit changes
0
Other assumptions, changes and actuarial gains and losses
148,549,132
Benefits earned
14,485,673
Benefits paid
(32,055,650)
End of year
1,157,755,643
TOTAL BENEFIT OBLIGATIONS
$ 1,164,230,845
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