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EC3 - Coverage of the organization’s defined benefit

AEP has defined benefit retirement obligations that include both pension plans and other postretirement benefit plans providing retirees medical and life insurance benefits. The funded position of these defined benefit plans is shown in the table below.

The dollar amounts in the table below are from the Benefit Plans footnote to AEP’s annual report, while the percentages are computed from the dollar amounts.

Pension Plans Postretirement Benefit Plans
2011 2010 2009 2011 2010 2009
Fund Assets
4,303
3,858
3,403
1,410
1,461
1,308
Plan Obligations
4,991
4,807
4,701
2,227
2,125
1,941
Funded Position
(688)
(949)
(1,298)
(817)
(664)
(633)
Percent Funded
86%
80%
72%
63%
69%
67%
Year-End Balance, in Millions of Dollars

More detailed information on these plans is included in the Benefit Plans footnote to AEP's annual report (PDF)

2012