EMPLOYEE BENEFIT PLANS

The Company sponsors a frozen defined benefit pension plan, which includes both a qualified and non-qualified portion, for eligible employees (the Cash Balance Plan) in North America. The Company recorded a liability of $43.2 and $70.0 as of September 30, 2013 and December 31, 2012, respectively, for the Cash Balance Plan. In addition, the Company sponsors an unfunded defined benefit plan for certain eligible employees in the Philippines. The Company recorded a liability of $27.6 and $23.8 as of September 30, 2013 and December 31, 2012, respectively, for the Philippines plan. Components of pension cost for these plans are as follows:



	Three Months Ended September 30,						Nine Months Ended September 30,
	2013			2012			2013			2012
Interest cost on projected benefit obligation	$	2.6		$	3.0		$	8.8		$	8.9
Service cost	1.9			1.8			5.7			5.3
Curtailment benefit	—			—			—			(0.2		)
Expected return on plan assets	(2.2		)	(2.9		)	(8.0		)	(8.8		)
Amortization and deferrals, net	2.3			2.8			9.1			8.4
Settlement charge	4.4			—			11.9			—
Pension cost	$	9.0		$	4.7		$	27.5		$	13.6

During the three and nine months ended September 30, 2013, the Company recognized non-cash pension settlement charges of $4.4 and $11.9, respectively. The Company contributed $10.0 to fund the Cash Balance Plan during the first nine months of 2013. The Company recognized a 0.2 curtailment benefit during the nine months ended September 30, 2012 related to the impact of the sale of the Information Management business.

The Company also sponsors a non-qualified, unfunded executive deferred compensation plan and a supplemental, non-qualified, unfunded plan for certain senior officers. Components of pension cost for the unfunded executive pension plans are as follows:



	Three Months Ended September 30,					Nine Months Ended September 30,
	2013		2012			2013		2012
Interest cost on projected benefit obligation	$	0.1	$	0.3		$	0.3	$	0.7
Service cost	—		(0.1		)	—		—
Curtailment loss	—		0.3			—		0.1
Amortization and deferrals, net	—		—			0.2		(0.1		)
Pension cost (benefit)	$	0.1	$	0.5		$	0.5	$	0.7

During the nine months ended September 30, 2013, the Company recognized a settlement loss of $0.2 related to the supplemental, non-qualified, unfunded plan and a settlement gain of $0.2 related to the unfunded executive compensation plan. Subsequent to recognition of the settlement loss related to the supplemental, non-qualified, unfunded plan, this plan has been fully settled. The Company recognized a $0.3 and $0.1 curtailment loss for the three and nine months ended September 30, 2012, respectively, due to the sale of the Information Management business and subsequent corporate restructuring initiatives.

As previously disclosed, the Company's Executive Deferred Compensation Plan (the “EDCP”) which permitted eligible participants, including executive officers, to defer receipt of certain income, was frozen as of December 31, 2011. Before the plan was frozen, the Company provided a match to a participant's deferred amounts (reduced by the Company match eligible to be received under the Company's Retirement and Savings Plan). On July 25, 2013, the Company's Board of Directors authorized the Company to reinstate the EDCP, effective January 1, 2014, for eligible participants, including executive officers. Under this authorization, the Company will match up to 100% of the first 3% of a participant's deferred amounts and 50% of a participant's next 2% of deferred amounts. The Company match under the EDCP will be reduced by the Company match eligible to be received under the Company's Retirement and Savings Plan.