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EC3 - Coverage of the organization's defined benefit plan obligations

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.

Pension Plans Postretirement Benefit Plans
2010 2009 2008 2010 2009 2008
Fund Assets 3,858 3,403 3,161 1,461 1,308 1,018
Plan Obligations 4,807 4,701 4,301 2,125 1,941 1,843
Funded Position (949) (1,298) (1,140) (664) (633) (824)
Percent Funded
80%
72%
73%
69%
67%
55%
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)

2011