Page 121 - Suncor AR English

Defined Benefit Obligations and Funded Status

Other
Post-Retirement
Pension Benefits Benefits
($ millions)
2013 2012 2013
2012

(restated –
note 6)
Change in benefit obligation
.......................................................................................................................................................................................................................................................
Benefit obligation at beginning of year 4 137 3 698 545 510
.......................................................................................................................................................................................................................................................
Current service costs 160 143 13 11
.......................................................................................................................................................................................................................................................
Past service costs 13 — — —
.......................................................................................................................................................................................................................................................
Plan participants’ contributions 14 14 — —
.......................................................................................................................................................................................................................................................
Benefits paid (186) (172) (16) (18)
.......................................................................................................................................................................................................................................................
Interest costs 159 163 21 22
.......................................................................................................................................................................................................................................................
Foreign exchange 17 2 2 —
.......................................................................................................................................................................................................................................................
Settlements 2 2 — —
.......................................................................................................................................................................................................................................................
Actuarial remeasurement:
.......................................................................................................................................................................................................................................................
Experience loss (gain) arising on plan liabilities 25 18 (5) (13)
.......................................................................................................................................................................................................................................................
Actuarial loss (gain) arising from changes in demographic
assumptions 38 — (1) —
.......................................................................................................................................................................................................................................................
Actuarial (gain) loss arising from changes in financial

assumptions (488) 269 (70) 33

Benefit obligation at end of year 3 891 4 137 489 545

Change in plan assets
.......................................................................................................................................................................................................................................................
Fair value of plan assets at beginning of year 2 832 2 488 — —
.......................................................................................................................................................................................................................................................
Employer contributions 220 267 — —
.......................................................................................................................................................................................................................................................
Plan participants’ contributions 14 14 — —
.......................................................................................................................................................................................................................................................
Benefits paid (178) (172) — —
.......................................................................................................................................................................................................................................................
Foreign exchange 14 3 — —
.......................................................................................................................................................................................................................................................
Settlements 2 2 — —
.......................................................................................................................................................................................................................................................
Administrative costs (2) — — —
.......................................................................................................................................................................................................................................................
Interest income on plan assets 112 106 — —
.......................................................................................................................................................................................................................................................
Actuarial remeasurement:
.......................................................................................................................................................................................................................................................
Return on plan assets (excluding amounts included in net

interest expense)
279 124 — —

Fair value of plan assets at end of year 3 293 2832——
Net unfunded obligation
598
1305 489 545

Of the total net unfunded obligation as at December 31, 2013, 86% relates to Canadian pension and other
post-retirement benefits obligation (excluding Syncrude) (December 31, 2012 – 88%). The weighted average duration of

the Canadian pension and other post-retirement plans (excluding Syncrude) is 14.0 years (2012 – 14.2 years).

SUNCOR ENERGY INC. ANNUAL REPORT 2013 117