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## Performance share unit plan 

The Corporation has a PSU plan. Under this program, senior executives and other key employees (participants) periodically receive a given number of PSUs which may increase if the Corporation meets certain financial performance indicators. The PSUs entitle the participant to Common Shares of the Corporation, or at the latter's discretion, the cash equivalent. PSUs vest at the end of a period of three years. 

PSUs outstanding and changes during the year were summarized as follows: 

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The weighted average fair value of $ 64.96  per PSU ($ 62.92  in 2013 ) for PSUs granted during the year was the stock market valuation of a Common Share of the Corporation at grant date. 

The compensation expense comprising all of these PSUs amounted to $4.4for fiscal 2014 ($ 3.7 in 2013). 

## 24. DIVIDENDS 

In fiscal 2014 , the Corporation paid $ 100.6  in dividends to holders of Common Shares ($ 91.5 in 2013 ), or $ 1.15  per share ($ 0.965 in 2013 ). On September 29, 2014, the Corporation's Board of Directors declared a quarterly dividend of $0.30 per Common Share payable November 26, 2014. 

## 25. EMPLOYEE BENEFITS 

The Corporation maintains several defined benefit and defined contribution plans for eligible employees, which provide most participants with pension, ancillary retirement benefits, and other long-term employee benefits which in certain cases are based on the number of years of service or final average salary. The defined benefit plans are funded by the Corporation's contributions, with some plans also funded by participants' contributions. The Corporation also provides eligible employees and retirees with health care, life insurance and other benefits. Ancillary retirement benefits plans and other long-term employee benefits are not funded and are presented in other plans. Pension committees made up of employer and employee representatives are responsible for all administrative decisions concerning certain plans. 

Defined benefit pension plans and ancillary retirement benefit plans expose the Corporation to actuarial risks such as interest-rate risk, longevity risk, investment risk and inflation risk. Consequently , the Corporation’ s investment policy prescribes a diversified portfolio whose bond component matches the expected timing and payments of benefits. 

