stocks and bonds. The pooled Canadian equity funds has investments in
our equity securities. As a result, approximately $3 million (2012 –
$2 million) of the plans’ assets are indirectly invested in our own equity
securities.
We make contributions to the plans to secure the benefits of plan
members and invest in permitted investments using the target ranges
established by our Pension Committee, which reviews actuarial
assumptions on an annual basis.
The table below shows the actual contributions to the plans for the
years ended December 31:
Employer Employee Total
2013 $ 101 $ 26 $ 127
2012 85 23 108
We estimate our 2014 employer contributions to be $96 million. The
average duration of the defined benefit obligation at December 31,
2013 is 19 years.
Actual return on plan assets was $102 million in 2013 (2012 –
$75 million).
We have recognized a cumulative loss in other comprehensive income
and retained earnings of $201 million at December 31, 2013
(December 31, 2012 – $299 million).
2013 ANNUAL REPORT ROGERS COMMUNICATIONS INC. 119