Note G. Pension Plans and Other Retirement Benefits

Presented below is financial information related to TJX’s funded defined benefit retirement plan (funded plan) and its unfunded supplemental pension plan (unfunded plan) for the periods shown.


	Funded Plan						Unfunded Plan
	Thirteen Weeks Ended						Thirteen Weeks Ended
	August 3,			July 28,			August 3,		July 28,
In thousands	2013			2012			2013		2012
Service cost	$	11,274		$	9,825		$	521	$	339
Interest cost		11,325			10,263			593		570
Expected return on plan assets		(14,624	)		(13,926	)		—		—
Amortization of prior service cost		—			—			1		1
Recognized actuarial losses		6,919			7,097			560		475

Total expense	$	14,894		$	13,259		$	1,675	$	1,385


	Funded Plan						Unfunded Plan
	Twenty-Six Weeks Ended						Twenty-Six Weeks Ended
	August 3,			July 28,			August 3,		July 28,
In thousands	2013			2012			2013		2012
Service cost	$	22,548		$	19,651		$	1,042	$	679
Interest cost		22,650			20,525			1,186		1,140
Expected return on plan assets		(29,247	)		(27,853	)		—		—
Amortization of prior service cost		—			—			2		2
Recognized actuarial losses		13,837			14,195			1,120		950

Total expense	$	29,788		$	26,518		$	3,350	$	2,771

TJX’s policy with respect to the funded plan is to fund, at a minimum, the amount required to maintain a funded status of 80% of the applicable pension liability (the funding target pursuant to the Internal Revenue Code section 430) or such other amount sufficient to avoid restrictions with respect to the funding of TJX’s nonqualified plans under the Internal Revenue Code. TJX does not anticipate any required funding in fiscal 2014 for the funded plan. TJX anticipates making payments of $3.5 million to provide current benefits coming due under the unfunded plan in fiscal 2014.

The amounts included in amortization of prior service cost and recognized actuarial losses in the table above have been reclassified in their entirety from other comprehensive income to the statements of income, net of related tax effects, for both periods presented.