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## Notes to consolidated financial statements September 27, 2014 and September 28, 2013 

(Millions of dollars, unless otherwise indicated) 

T otal cash payments for employee benefits, consisting of cash contributed by the Corporation to its funded pension plans and cash payments directly to beneficiaries for its unfunded other benefit plans, amounted to $ 45.6 in 2014 ($ 46.0  in 2013 ). The Corporation plans to contribute $44.6 to the defined benefit plans during the next fiscal year and $26.0 to multi-employer plans. 

W eighted average duration of defined benefit obligations was 16.4 years. 

The most recent actuarial valuations for funding purposes in respect of the Corporation's pension plans were performed on various dates between December 201 1 and December 2013. The next valuations will be performed between December 2014 and December 2016. 

Plan assets, primarily based on quoted market prices in an active market, held in trust and their weighted average allocation as at the measurement dates were as follows: 

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Pension plan assets included shares issued by the Corporation with a fair value of $ 6.1  as at September 27, 2014 ($ 5.9 as at September 28, 2013). 

The principal actuarial assumptions used in determining the defined benefit obligation were the following: 

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T o determine the most suitable discount rate, management considers the interest rates for high-quality bonds issued by entities operating in Canada with cash flows that match the timing and amount of expected benefit payments. The mortality rate is based on available mortality tables. Projected inflation rates are taken into account in establishing future wage and pension increases. 

A 1% change in the discount rate, without ef fect of any modifications to other assumptions, would have the following ef fects: 

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The assumed annual health care cost trend rate per participant was set at 6.5%. Under the assumption used, this rate should gradually decline to 4.5 % in 2034 and remain at that level thereafter . A  1% change in this rate would have the following ef fects: 

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