SAE Annual Report 2010 - 56

SAE INTERNATIONAL
Notes to the Financial Statements (Continued) Note 7 - Employee Benefit Plans Defined Benefit Pension Plan SAE maintains a noncontributory defined benefit pension plan covering certain employees of SAE and PRI. SAE’s policy is to fund the pension costs as determined by actuarial valuation. SAE is then reimbursed by PRI for PRI’s portion of the net periodic pension expense. Effective January 1, 2008, SAE froze its defined benefit pension plan. Employees hired prior to January 1, 2008 will continue to earn benefits under the plan. Employees hired on or after January 1, 2008 will not be eligible to participate in the plan. The following table sets forth the funded status and obligations of the plan at December 31: 2010 Projected benefit obligation Fair value of pension plan assets Funded status at end of year ($50,796,922) 38,533,002 ($12,263,920) 2009 ($46,701,041) 33,980,623 ($12,720,418)

The funded status of the plan was measured as of December 31. The following are the weighted-average assumptions used to determine benefit obligations at December 31: 2010 Discount rate Rate of increase in compensation levels Other required disclosures consisted of the following: 2010 Net periodic pension costs Benefits paid Contributions $ 2,204,818 $ 1,606,069 $ 2,000,000 2009 $ 3,728,039 $ 1,372,892 $ 3,700,000 5¾% 4% 2009 6% 4%

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SAE Annual Report 2010

Table of Contents for the Digital Edition of SAE Annual Report 2010

SAE Annual Report 2010
Contents
Executive Message
Sectors – Aerospace, Automotive and Commercial Vehicle
Membership
Aerospace Standards
Ground Vehicle Standards
Engineering Events and Meetings
Electronic Publishing
Magazines and Books
Professional Development
Collegiate Design Series
SAE Foundation
Performance Review Institute (PRI)
Globally Relevant
SAE International Financials
Supplemental Information
SAE Annual Report 2010 - Intro1
SAE Annual Report 2010 - Intro2
SAE Annual Report 2010 - SAE Annual Report 2010
SAE Annual Report 2010 - Contents
SAE Annual Report 2010 - Executive Message
SAE Annual Report 2010 - 3
SAE Annual Report 2010 - Sectors – Aerospace, Automotive and Commercial Vehicle
SAE Annual Report 2010 - 5
SAE Annual Report 2010 - 6
SAE Annual Report 2010 - 7
SAE Annual Report 2010 - 8
SAE Annual Report 2010 - 9
SAE Annual Report 2010 - Membership
SAE Annual Report 2010 - 11
SAE Annual Report 2010 - Aerospace Standards
SAE Annual Report 2010 - 13
SAE Annual Report 2010 - Ground Vehicle Standards
SAE Annual Report 2010 - 15
SAE Annual Report 2010 - Engineering Events and Meetings
SAE Annual Report 2010 - Electronic Publishing
SAE Annual Report 2010 - Magazines and Books
SAE Annual Report 2010 - 19
SAE Annual Report 2010 - Professional Development
SAE Annual Report 2010 - Collegiate Design Series
SAE Annual Report 2010 - SAE Foundation
SAE Annual Report 2010 - 23
SAE Annual Report 2010 - Performance Review Institute (PRI)
SAE Annual Report 2010 - Globally Relevant
SAE Annual Report 2010 - SAE International Financials
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SAE Annual Report 2010 - 28
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SAE Annual Report 2010 - Supplemental Information
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