Employee Benefit Plans

3 Months Ended

Dec. 28, 2014

9 EMPLOYEE BENEFIT PLANS

Pension Benefits

The Company has various defined benefit pension plans covering some of its employees in the U.S. and certain employees in other countries, including the United Kingdom, the Netherlands, Germany, Guatemala, Brazil, Mexico and Taiwan. These pension plans generally provide benefits of stated amounts for each year of service.

The Company’s results of operations for the three month periods ended December 28, 2014 and December 29, 2013 reflect the following pension and deferred compensation benefit costs:



	Three Months Ended
Components of net periodic benefit and deferred compensation benefit cost	2015		2014
Service cost	$	0.8	$	0.9
Interest cost		2.4		2.6
Expected return on assets		(2.5)		(2.5)
Recognized net actuarial loss		0.4		0.4
Net periodic benefit cost	$	1.1	$	1.4

The Company funds its U.S. pension plans in accordance with the Internal Revenue Service defined guidelines and, where applicable, in amounts sufficient to satisfy the minimum funding requirements of applicable laws. Additionally, in compliance with the Company’s funding policy, annual contributions to non-U.S. defined benefit plans are equal to the actuarial recommendations or statutory requirements in the respective countries. The Company’s contributions to its pension and deferred compensation plans for the three month periods ended December 28, 2014 and December 29, 2013 were as follows:

The Company sponsors a defined contribution pension plan for its domestic salaried employees, which allows participants to make contributions by salary reduction pursuant to Section 401(k) of the Internal Revenue Code. The Company also sponsors defined contribution pension plans for employees of certain foreign subsidiaries. Company contributions charged to operations, including discretionary amounts, for the three month periods ended December 28, 2014 and December 29, 2013 were $3.5 and $4.1, respectively.

- Definition

The entire disclosure for pension and other postretirement benefits.

+ References+ Details

Three Months Ended

Pension and deferred compensation contributions

Contributions made during period

SB/RH Holdings, LLC 10-Q