Pension and Postretirement Benefits

3 Months Ended

Mar. 31, 2015

Pension and Postretirement Benefits

6.  Pension and Postretirement Benefits 

DP&L sponsors a defined benefit pension plan for the vast majority of its employees. 

We generally fund pension plan benefits as accrued in accordance with the minimum funding requirements of ERISA and, in addition, make voluntary contributions from time to time.  There were no contributions made during the three months endedMarch 31, 2015 or 2014. 

The amounts presented in the following tables for pension include the collective bargaining plan formula, the traditional management plan formula, the cash balance plan formula and the SERP, in the aggregate.  The amounts presented for postretirement include both health and life insurance.  The pension and postretirement costs below have not been adjusted for amounts billed to the Service Company for former DP&L employees who are now employed by the Service Company but are still participants in the DP&L plan.  See "Related Party Transactions" discussion in Note 1, "Overview and Summary of Significant Accounting Policies".

The net periodic benefit cost / (income) of the pension and postretirement benefit plans for the three months ended March 31, 2015 and 2014 was: 

Net Periodic Benefit Cost / (Income)	Pension				Postretirement
	Three months ended				Three months ended
	March 31,				March 31,
$ in millions	2015		2014		2015		2014
Service cost	$	1.8	$	1.5	$	-	$	0.1
Interest cost		4.3		4.4		0.2		0.2
Expected return on plan assets		(5.7)		(5.8)		-		(0.1)
Amortization of unrecognized:
Prior service cost		0.5		0.4		-		-
Actuarial loss / (gain)		1.5		0.9		(0.1)		(0.1)
Net periodic benefit cost	$	2.4	$	1.4	$	0.1	$	0.1

Benefit payments and Medicare Part D reimbursements, which reflect future service, are estimated to be paid as follows:
$ in millions	Pension		Postretirement
2015	$	18.6	$	1.4
2016		25.2		1.8
2017		25.7		1.7
2018		26.3		1.6
2019		26.7		1.5
2020 - 2024		137.0		6.1

DP&L [Member]

Pension and Postretirement Benefits

6.  Pension and Postretirement Benefits 

DP&L sponsors a defined benefit pension plan for the vast majority of its employees. 

We generally fund pension plan benefits as accrued in accordance with the minimum funding requirements of ERISA and, in addition, make voluntary contributions from time to time.  There were no contributions made during the three months endedMarch 31, 2015 or 2014.  

The amounts presented in the following tables for pension include the collective bargaining plan formula, the traditional management plan formula, the cash balance plan formula and the SERP, in the aggregate.  The amounts presented for postretirement include both health and life insurance.  The pension and postretirement costs below have not been adjusted for amounts billed to the Service Company for former DP&L employees who are now employed by the Service Company but are still participants in the DP&L plan.  See "Related Party Transactions" discussion in Note 1, "Overview and Summary of Significant Accounting Policies".

The net periodic benefit cost / (income) of the pension and postretirement benefit plans for the three months endedMarch 31, 2015 and 2014 was:

Net Periodic Benefit Cost / (Income)	Pension				Postretirement
	Three months ended				Three months ended
	March 31,				March 31,
$ in millions	2015		2014		2015		2014
Service cost	$	1.8	$	1.5	$	-	$	-
Interest cost		4.3		4.4		0.2		0.2
Expected return on plan assets		(5.7)		(5.7)		-		-
Amortization of unrecognized:
Prior service cost		0.8		0.7		-		-
Actuarial loss / (gain)		2.4		1.6		(0.2)		(0.2)
Net periodic benefit cost	$	3.6	$	2.5	$	-	$	-

Benefit payments and Medicare Part D reimbursements, which reflect future service, are estimated to be paid as follows:
$ in millions	Pension		Postretirement
2015	$	18.6	$	1.4
2016		25.2		1.8
2017		25.7		1.7
2018		26.3		1.6
2019		26.7		1.5
2020 - 2024		137.0		6.1