20110829PAC to Staff Attach 178-4b.pdf

PacifiCorp—Before Adjustments
Electric Operations
Revising 2009 Ten-Year Plan to Reflect 2010 Retirement Design Changes for Local 127
Impact on Projected 2011 Accounting Expense ($ millions)
2011
PacifiCorp Retirement Plan (PRP)
Before Local 127 Benefit Freeze $ 32.3
After Local 127 Benefit Freeze 27.8 2
Net Change $ (4.5)
Additional K Plus Contributions $ 4.4
Net Change in Overall Retirement Expense $ (0.1)
l Electric operations accounting expense as shown in the 2009 ten-year plan provided on 10/1/2009, which assumed
14% actual asset return for 2009, 5.75% discount rate after 2009, and minimum required contributions for all years.
2 Projected electric operations accounting expense reflecting freeze of PRP benefits for Local 127 as of 3/31/2010.
Reflects additional K Plus contributions as follows:
- 4.0% for employees hired on or after 1/1/2007
- 6.5% for employees hired before 1/1/2007, plus transition contributions for those employees who were at least
age 40 as of 4/1/2010
- Transition contributions are 6.5% through 3/31/2011 and 5.5% for the remainder of 2011
Hewitt Associates 1 03458 v2 200909 10 Year Plan-PRP(7) 14%L127FreezexIs/004K119815 09116/2010
ID PAC-E-11-12
IPUC 178 Attachment IPUC 178 -4b
Attach IPUC 178 -4b.pdf Page 1 of 1