General Mills Lowers Expected RoR On Pension Assets – To 9.6 Per Cent

General Mills has modified its pension plan assumptions, moving the company's discount rate 150 basis points lower (a move that will increase plan liabilities, and is a direct reflection of the year over year change in rates for double A

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General Mills has modified its pension-plan assumptions, moving the company’s discount rate 150 basis points lower (a move that will increase plan liabilities, and is a direct reflection of the year-over-year change in rates for double A corporate bonds, according to the firm). The firm also lowered the expected rate of return on plan assets from 10.4% to 9.6%. With the new discount rate assumption, the firm estimates the plan is just below the fully funded level (in) fiscal 2003.

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