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Pension, OPEB and Savings Plans (Tables) | 12 Months Ended
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Dec. 31, 2015
Defined Benefit Pension Plans and Defined Benefit Postretirement Plans Disclosure [Abstract] |
Schedule of Defined Benefit Plans Disclosures | The following table provides a roll-forward of the changes in the benefit obligation and the fair value of plan assets during each of the two years in the periods ended December 31, 2015 and 2014. It also provides the funded status of the plans and the amounts recognized and amounts not recognized on the Consolidated Balance Sheets at the end of both years.
|  |  | Pension Benefits |  | Other Benefits |
|  |  | 2015 |  | 2014 |  | 2015 |  | 2014 |
|  |  | Millions |
| Change in Benefit Obligation |  |  |  |  |  |  |  |  |
| Benefit Obligation at Beginning of Year (A) |  | $ | 5,722 |  |  | $ | 4,812 |  |  | $ | 1,638 |  |  | $ | 1,414 |  |
| Service Cost |  | 123 |  |  | 104 |  |  | 22 |  |  | 18 |  |
| Interest Cost |  | 234 |  |  | 234 |  |  | 67 |  |  | 69 |  |
| Actuarial (Gain) Loss (B) |  | (289 | ) |  | 838 |  |  | (45 | ) |  | 210 |  |
| Gross Benefits Paid |  | (268 | ) |  | (266 | ) |  | (70 | ) |  | (73 | ) |
| Benefit Obligation at End of Year (A) (B) |  | $ | 5,522 |  |  | $ | 5,722 |  |  | $ | 1,612 |  |  | $ | 1,638 |  |
| Change in Plan Assets |  |  |  |  |  |  |  |  |
| Fair Value of Assets at Beginning of Year |  | $ | 5,293 |  |  | $ | 5,116 |  |  | $ | 361 |  |  | $ | 319 |  |
| Actual Return on Plan Assets |  | (11 | ) |  | 433 |  |  | (1 | ) |  | 28 |  |
| Employer Contributions |  | 25 |  |  | 10 |  |  | 84 |  |  | 87 |  |
| Gross Benefits Paid |  | (268 | ) |  | (266 | ) |  | (70 | ) |  | (73 | ) |
| Fair Value of Assets at End of Year |  | $ | 5,039 |  |  | $ | 5,293 |  |  | $ | 374 |  |  | $ | 361 |  |
| Funded Status |  |  |  |  |  |  |  |  |
| Funded Status (Plan Assets less Benefit Obligation) |  | $ | (483 | ) |  | $ | (429 | ) |  | $ | (1,238 | ) |  | $ | (1,277 | ) |
| Additional Amounts Recognized in the Consolidated Balance Sheets |  |  |  |  |  |  |  |  |
| Noncurrent Assets (included in Other Special Funds) |  | $ | 14 |  |  | $ | 21 |  |  | $ | — |  |  | $ | — |  |
| Current Accrued Benefit Cost |  | (10 | ) |  | (10 | ) |  | (10 | ) |  | — |  |
| Noncurrent Accrued Benefit Cost |  | (487 | ) |  | (440 | ) |  | (1,228 | ) |  | (1,277 | ) |
| Amounts Recognized |  | $ | (483 | ) |  | $ | (429 | ) |  | $ | (1,238 | ) |  | $ | (1,277 | ) |
| Additional Amounts Recognized in Accumulated Other Comprehensive Income (Loss), Regulated Assets and Deferred Assets (C) |  |  |
| Prior Service Cost |  | $ | (83 | ) |  | $ | (102 | ) |  | $ | (25 | ) |  | $ | (39 | ) |
| Net Actuarial Loss |  | 1,710 |  |  | 1,724 |  |  | 438 |  |  | 495 |  |
| Total |  | $ | 1,627 |  |  | $ | 1,622 |  |  | $ | 413 |  |  | $ | 456 |  |
(A) | Represents projected benefit obligation for pension benefits and the accumulated postretirement benefit obligation for other benefits.
(B) | In October 2014, the Society of Actuaries’ Retirement Plans Experience Committee issued its final report on mortality tables (RP-2014 Mortality Tables Report). As of December 31, 2014, PSEG updated its mortality assumptions based on the information contained in this report. The impact of this change is reflected in Actuarial (Gain) Loss in 2014 and added $314 million and $79 million to the Benefit Obligations for Pension and OPEB, respectively, since December 31, 2013.
(C) | Includes $658 million ($386 million, after-tax) and $702 million ($411 million, after-tax) in Accumulated Other Comprehensive Loss related to Pension and OPEB as of December 31, 2015 and 2014, respectively.
The following table provides a roll-forward of the changes in Servco's benefit obligation and the fair value of its plan assets during the years ended December 31, 2015 and 2014. It also provides the funded status of the plans and the amounts recognized and amounts not recognized on the Consolidated Balance Sheets at the end of both years.
|  |  | Pension Benefits |  | Other Benefits |
|  |  | 2015 |  | 2014 |  | 2015 |  | 2014 |
|  |  |  |  | Millions |
| Change in Benefit Obligation |  |  |  |  |  |  |  |  |
| Benefit Obligation at Beginning of Year |  | $ | 195 |  |  | $ | — |  |  | $ | 452 |  |  | $ | — |  |
| Service Cost |  | 26 |  |  | 20 |  |  | 17 |  |  | 13 |  |
| Interest Cost |  | 9 |  |  | 7 |  |  | 21 |  |  | 17 |  |
| Actuarial (Gain) Loss |  | (20 | ) |  | 42 |  |  | (114 | ) |  | 107 |  |
| Gross Benefits Paid |  | — |  |  | — |  |  | (1 | ) |  | — |  |
| Plan Amendments |  | 1 |  |  | 126 |  |  | — |  |  | 315 |  |
| Benefit Obligation at End of Year (A) |  | $ | 211 |  |  | $ | 195 |  |  | $ | 375 |  |  | $ | 452 |  |
| Change in Plan Assets |  |  |  |  |  |  |  |  |
| Fair Value of Assets at Beginning of Year |  | $ | 69 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |
| Actual Return on Plan Assets |  | (2 | ) |  | 2 |  |  | — |  |  | — |  |
| Employer Contributions |  | 30 |  |  | 67 |  |  | 1 |  |  | — |  |
| Gross Benefits Paid |  | — |  |  | — |  |  | (1 | ) |  | — |  |
| Fair Value of Assets at End of Year |  | $ | 97 |  |  | $ | 69 |  |  | $ | — |  |  | $ | — |  |
| Funded Status |  |  |  |  |  |  |  |  |
| Funded Status (Plan Assets less Benefit Obligation) |  | $ | (114 | ) |  | $ | (126 | ) |  | $ | (375 | ) |  | $ | (452 | ) |
| Additional Amounts Recognized in the Consolidated Balance Sheets |  |  |  |  |  |  |  |  |
| Accrued Pension Costs of Servco |  | $ | (114 | ) |  | $ | (126 | ) |  | N/A |  |  | N/A |  |
| OPEB Costs of Servco |  | N/A |  |  | N/A |  |  | (375 | ) |  | (452 | ) |
| Amounts Recognized (B) |  | $ | (114 | ) |  | $ | (126 | ) |  | $ | (375 | ) |  | $ | (452 | ) |
(A) | Represents projected benefit obligation for pension benefits and the accumulated postretirement benefit obligation for other benefits.
(B) | Amounts equal to the accrued pension and OPEB costs of Servco are offset in Long-Term Receivable of VIE on PSEG's Consolidated Balance Sheet.
Components Of Net Periodic Benefit Cost | The following table provides the components of net periodic benefit cost for the years ended December 31, 2015, 2014 and 2013.
|  |  | Pension Benefits Years Ended December 31, |  | Other Benefits Years Ended December 31, |
|  |  | 2015 |  | 2014 |  | 2013 |  | 2015 |  | 2014 |  | 2013 |
|  |  | Millions |
| Components of Net Periodic Benefit Cost (Credit) |  |  |  |  |  |  |  |  |  |  |  |  |
| Service Cost |  | $ | 123 |  |  | $ | 104 |  |  | $ | 116 |  |  | $ | 22 |  |  | $ | 18 |  |  | 21 |  |
| Interest Cost |  | 234 |  |  | 234 |  |  | 215 |  |  | 67 |  |  | 69 |  |  | 63 |  |
| Expected Return on Plan Assets |  | (414 | ) |  | (399 | ) |  | (348 | ) |  | (31 | ) |  | (26 | ) |  | (21 | ) |
| Amortization of Net |  |  |  |  |  |  |  |  |  |  |  |  |
| Prior Service Cost |  | (19 | ) |  | (18 | ) |  | (19 | ) |  | (14 | ) |  | (14 | ) |  | (14 | ) |
| Actuarial Loss |  | 150 |  |  | 56 |  |  | 188 |  |  | 43 |  |  | 23 |  |  | 42 |  |
| Net Periodic Benefit Cost (Credit) |  | $ | 74 |  |  | $ | (23 | ) |  | $ | 152 |  |  | $ | 87 |  |  | $ | 70 |  |  | $ | 91 |  |
Schedule Of Pension And OPEB Costs | Pension costs and OPEB costs for PSEG, PSE&G and Power are detailed as follows:
|  |  | Pension Benefits Years Ended December 31, |  | Other Benefits Years Ended December 31, |
|  |  | 2015 |  | 2014 |  | 2013 |  | 2015 |  | 2014 |  | 2013 |
|  |  | Millions |
| PSE&G |  | $ | 40 |  |  | $ | (19 | ) |  | $ | 91 |  |  | $ | 55 |  |  | $ | 46 |  |  | $ | 65 |  |
| Power |  | 21 |  |  | (7 | ) |  | 43 |  |  | 27 |  |  | 20 |  |  | 23 |  |
| Other |  | 13 |  |  | 3 |  |  | 18 |  |  | 5 |  |  | 4 |  |  | 3 |  |
| Total Benefit Cost (Credit) |  | $ | 74 |  |  | $ | (23 | ) |  | $ | 152 |  |  | $ | 87 |  |  | $ | 70 |  |  | $ | 91 |  |
Schedule of Amounts Recognized in Other Comprehensive Income (Loss) | The following table provides the pre-tax changes recognized in Accumulated Other Comprehensive Income (Loss), Regulatory Assets and Deferred Assets:
|  |  | Pension |  | OPEB |
|  |  | 2015 |  | 2014 |  | 2015 |  | 2014 |
|  |  | Millions |
| Net Actuarial (Gain) Loss in Current Period |  | $ | 136 |  |  | $ | 803 |  |  | $ | (14 | ) |  | $ | 208 |  |
| Amortization of Net Actuarial Gain (Loss) |  | (150 | ) |  | (56 | ) |  | (43 | ) |  | (23 | ) |
| Amortization of Prior Service Credit |  | 19 |  |  | 18 |  |  | 14 |  |  | 14 |  |
| Total |  | $ | 5 |  |  | $ | 765 |  |  | $ | (43 | ) |  | $ | 199 |  |
Schedule of Amounts in Accumulated Other Comprehensive Income (Loss) to be Recognized over Next Fiscal Year | Amounts that are expected to be amortized from Accumulated Other Comprehensive Loss, Regulatory Assets and Deferred Assets into Net Periodic Benefit Cost in 2016 are as follows:
|  |  | Pension Benefits |  | Other Benefits |
|  |  | 2016 |  | 2016 |
|  |  | Millions |
| Actuarial (Gain) Loss |  | $ | 158 |  |  | $ | 40 |  |
| Prior Service Cost |  | $ | (18 | ) |  | $ | (14 | ) |
Schedule of Assumptions Used | The following assumptions were used to determine the benefit obligations of Servco:
|  |  | Pension Benefits |  | Other Benefits |
|  |  | 2015 |  | 2014 |  | 2015 |  | 2014 |
| Weighted-Average Assumptions Used to Determine Benefit Obligations as of December 31 |
| Discount Rate |  | 4.92 | % |  | 4.50 | % |  | 4.97 | % |  | 4.60 | % |
| Rate of Compensation Increase |  | 3.25 | % |  | 3.25 | % |  | 3.25 | % |  | 3.25 | % |
| Assumed Health Care Cost Trend Rates as of December 31 |  |  |  |  |
| Administrative Expense |  |  |  |  |  | 5.00 | % |  | 5.00 | % |
| Health Care Costs |  |  |  |  |  |  |  |  |
| Immediate Rate |  |  |  |  |  | 7.55 | % |  | 7.33 | % |
| Ultimate Rate |  |  |  |  |  | 4.75 | % |  | 5.00 | % |
| Year Ultimate Rate Reached |  |  |  |  |  | 2025 |  |  | 2021 |  |
|  |  |  |  |  |  | Millions |
| Effect of a 1% Increase in the Assumed Rate of Increase in Health Care Benefit Costs |
| Postretirement Benefit Obligation |  |  |  |  |  | $ | 75 |  |  | $ | 160 |  |
| Effect of a 1% Decrease in the Assumed Rate of Increase in Health Care Benefit Costs |
| Postretirement Benefit Obligation |  |  |  |  |  | $ | (60 | ) |  | $ | (106 | ) |
The following assumptions were used to determine the benefit obligations and net periodic benefit costs:
|  |  | Pension Benefits |  | Other Benefits |
|  |  | 2015 |  | 2014 |  | 2013 |  | 2015 |  | 2014 |  | 2013 |
| Weighted-Average Assumptions Used to Determine Benefit Obligations as of December 31 |  |  |
| Discount Rate |  | 4.54 | % |  | 4.20 | % |  | 5.00 | % |  | 4.58 | % |  | 4.21 | % |  | 5.01 | % |
| Rate of Compensation Increase |  | 3.61 | % |  | 3.61 | % |  | 4.61 | % |  | 3.61 | % |  | 3.61 | % |  | 4.61 | % |
| Weighted-Average Assumptions Used to Determine Net Periodic Benefit Cost for Years Ended December 31 |  |  |
| Discount Rate |  | 4.20 | % |  | 5.00 | % |  | 4.20 | % |  | 4.21 | % |  | 5.01 | % |  | 4.20 | % |
| Expected Return on Plan Assets |  | 8.00 | % |  | 8.00 | % |  | 8.00 | % |  | 8.00 | % |  | 8.00 | % |  | 8.00 | % |
| Rate of Compensation Increase |  | 3.61 | % |  | 4.61 | % |  | 4.61 | % |  | 3.61 | % |  | 4.61 | % |  | 4.61 | % |
| Assumed Health Care Cost Trend Rates as of December 31 |  |  |  |  |  |  |  |  |
| Administrative Expense |  |  |  |  |  |  |  | 3.00 | % |  | 3.00 | % |  | 3.00 | % |
| Health Care Costs |  |  |  |  |  |  |  |  |  |  |  |  |
| Immediate Rate |  |  |  |  |  |  |  | 7.75 | % |  | 7.40 | % |  | 7.83 | % |
| Ultimate Rate |  |  |  |  |  |  |  | 4.75 | % |  | 5.00 | % |  | 5.00 | % |
| Year Ultimate Rate Reached |  |  |  |  |  |  |  | 2025 |  |  | 2022 |  |  | 2021 |  |
|  |  |  |  |  |  |  |  | Millions |
| Effect of a 1% Increase in the Assumed Rate of Increase in Health Care Benefit Costs |  |  |
| Total of Service Cost and Interest Cost |  |  |  |  |  |  |  | $ | 12 |  |  | $ | 13 |  |  | $ | 12 |  |
| Postretirement Benefit Obligation |  |  |  |  |  |  |  | $ | 194 |  |  | $ | 201 |  |  | $ | 161 |  |
| Effect of a 1% Decrease in the Assumed Rate of Increase in Health Care Benefit Costs |  |  |
| Total of Service Cost and Interest Cost |  |  |  |  |  |  |  | $ | (10 | ) |  | $ | (10 | ) |  | $ | (9 | ) |
| Postretirement Benefit Obligation |  |  |  |  |  |  |  | $ | (160 | ) |  | $ | (165 | ) |  | $ | (134 | ) |
Schedule of Allocation of Plan Assets | The following tables present information about Servco's investments measured at fair value on a recurring basis as of December 31, 2015 and 2014, including the fair value measurements and the levels of inputs used in determining those fair values.
|  |  | Recurring Fair Value Measurements as of December 31, 2015 |
|  |  |  |  | Quoted Market Prices for Identical Assets |  | Significant Other Observable Inputs |  | Significant Unobservable Inputs |
| Description |  | Total |  | (Level 1) |  | (Level 2) |  | (Level 3) |
|  |  | Millions |
| Cash Equivalents (A) |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |
| Common Stocks (B) |  |  |  |  |  |  |  |  |
| Commingled-United States |  | 68 |  |  | 68 |  |  | — |  |  | — |  |
| Bonds (C) |  |  |  |  |  |  |  |  |
| Other |  | 29 |  |  | — |  |  | 29 |  |  | — |  |
| Total |  | $ | 97 |  |  | $ | 68 |  |  | $ | 29 |  |  | $ | — |  |
|  |  | Recurring Fair Value Measurements as of December 31, 2014 |
|  |  |  |  | Quoted Market Prices for Identical Assets |  | Significant Other Observable Inputs |  | Significant Unobservable Inputs |
| Description |  | Total |  | (Level 1) |  | (Level 2) |  | (Level 3) |
|  |  | Millions |
| Cash Equivalents (A) |  | $ | 1 |  |  | $ | — |  |  | $ | 1 |  |  | $ | — |  |
| Common Stocks (B) |  |  |  |  |  |  |  |  |
| Commingled-United States |  | 48 |  |  | 48 |  |  | — |  |  | — |  |
| Bonds (C) |  |  |  |  |  |  |  |  |
| Other |  | 20 |  |  | — |  |  | 20 |  |  | — |  |
| Total |  | $ | 69 |  |  | $ | 48 |  |  | $ | 21 |  |  | $ | — |  |
(A) | Certain temporary investments are valued using inputs such as time-to-maturity, coupon rate, quality rating and current yield (Level 2).
(B) | Wherever possible, fair values of equity investments in commingled stock funds are derived from quoted market prices as substantially all of these instruments have active markets (primarily Level 1). Most investments in stocks are priced utilizing the principal market close price or in some cases midpoint, bid or ask price.
(C) | Investments in fixed income securities including bond funds are priced using an evaluated pricing approach or the most recent exchange or quoted bid (primarily Level 2).
The following tables present information about the investments measured at fair value on a recurring basis as of December 31, 2015 and 2014, including the fair value measurements and the levels of inputs used in determining those fair values.
|  |  | Recurring Fair Value Measurements as of December 31, 2015 |
|  |  |  |  | Quoted Market Prices for Identical Assets |  | Significant Other Observable Inputs |  | Significant Unobservable Inputs |
| Description |  | Total |  | (Level 1) |  | (Level 2) |  | (Level 3) |
|  |  | Millions |
| Cash Equivalents (A) |  | $ | 103 |  |  | $ | 102 |  |  | $ | 1 |  |  | $ | — |  |
| Common Stocks (B) |  |  |  |  |  |  |  |  |  |  |  |  |
| Commingled-United States |  | 1,980 |  |  | 1,980 |  |  | — |  |  | — |  |
| Commingled-International |  | 987 |  |  | 987 |  |  | — |  |  | — |  |
| Other |  | 816 |  |  | 816 |  |  | — |  |  | — |  |
| Bonds (C) |  |  |  |  |  |  |  |  |  |
| Government (United States & Foreign) |  | 602 |  |  | — |  |  | 602 |  |  | — |  |
| Other |  | 906 |  |  | — |  |  | 906 |  |  | — |  |
| Private Equity (D) |  | 19 |  |  | — |  |  | — |  |  | 19 |  |
| Total |  | $ | 5,413 |  |  | $ | 3,885 |  |  | $ | 1,509 |  |  | $ | 19 |  |
|  |  | Recurring Fair Value Measurements as of December 31, 2014 |
|  |  |  |  | Quoted Market Prices for Identical Assets |  | Significant Other Observable Inputs |  | Significant Unobservable Inputs |
| Description |  | Total |  | (Level 1) |  | (Level 2) |  | (Level 3) |
|  |  | Millions |
| Cash Equivalents (A) |  | $ | 153 |  |  | $ | 92 |  |  | $ | 61 |  |  | $ | — |  |
| Common Stocks (B) |  |  |  |  |  |  |  |  |  |  |  |  |
| Commingled-United States |  | 2,292 |  |  | 2,292 |  |  | — |  |  | — |  |
| Commingled-International |  | 1,005 |  |  | 1,005 |  |  | — |  |  | — |  |
| Other |  | 727 |  |  | 727 |  |  | — |  |  | — |  |
| Bonds (C) |  |  |  |  |  |  |  |  |  |  |  |  |
| Government (United States & Foreign) |  | 509 |  |  | — |  |  | 509 |  |  | — |  |
| Other |  | 943 |  |  | — |  |  | 943 |  |  | — |  |
| Private Equity (D) |  | 25 |  |  | — |  |  | — |  |  | 25 |  |
| Total |  | $ | 5,654 |  |  | $ | 4,116 |  |  | $ | 1,513 |  |  | $ | 25 |  |
(A) | Certain open-ended mutual funds with mainly short-term investments are valued based on unadjusted quoted prices in active market (Level 1). Certain temporary investments are valued using inputs such as time-to-maturity, coupon rate, quality rating and current yield (Level 2).
(B) | Wherever possible, fair values of equity investments in stocks and in commingled funds are derived from quoted market prices as substantially all of these instruments have active markets (primarily Level 1). Most investments in stocks are priced utilizing the principal market close price or in some cases midpoint, bid or ask price.
(C) | Investments in fixed income securities including bond funds are priced using an evaluated pricing approach or the most recent exchange or quoted bid (primarily Level 2).
(D) | Limited partnership interests in private equity funds are valued using significant unobservable inputs as there is little, if any, market activity. In addition, there may be transfer restrictions on private equity securities. The process for determining the fair value of such securities relied on commonly accepted valuation techniques, including the use of earnings multiples based on comparable public securities, industry-specific non-earnings-based multiples and discounted cash flow models. These inputs require significant management judgment or estimation (primarily Level 3).
Schedule of Effect of Significant Unobservable Inputs, Changes in Plan Assets | Reconciliations of the beginning and ending balances of the Pension and OPEB Plans’ Level 3 assets for the years ended December 31, 2015 and 2014 are as follows:
|  |  | Balance as of January 1, 2015 |  | Purchases/ (Sales) |  | Transfer In/ (Out) |  | Actual Return on Asset Sales |  | Actual Return on Assets Still Held |  | Balance as of December 31, 2015 |
|  |  | Millions |
| Private Equity |  | $ | 25 |  |  | $ | (10 | ) |  | $ | — |  |  | $ | 1 |  |  | $ | 3 |  |  | $ | 19 |  |
|  |  | Balance as of January 1, 2014 |  | Purchases/ (Sales) |  | Transfer In/ (Out) |  | Actual Return on Asset Sales |  | Actual Return on Assets Still Held |  | Balance as of December 31, 2014 |
|  |  | Millions |
| Private Equity |  | $ | 25 |  |  | $ | (5 | ) |  | $ | — |  |  | $ | 3 |  |  | $ | 2 |  |  | $ | 25 |  |
Schedule Of Percentage Of Fair Value Of Total Plan Assets | The following table provides the percentage of fair value of total plan assets for each major category of plan assets held for the qualified pension and OPEB plans as of the measurement date, December 31:
|  |  | As of December 31, |
| Investments |  | 2015 |  | 2014 |
| Equity Securities |  | 70 | % |  | 71 | % |
| Fixed Income Securities |  | 28 |  |  | 26 |  |
| Other Investments |  | 2 |  |  | 3 |  |
| Total Percentage |  | 100 | % |  | 100 | % |
The following table provides the percentage of fair value of total plan assets for each major category of plan assets held for the qualified pension and OPEB plans of Servco as of the measurement date, December 31:
|  |  | As of December 31, |
| Investments |  | 2015 |  | 2014 |
| Equity Securities |  | 71 | % |  | 70 | % |
| Fixed Income Securities |  | 29 |  |  | 29 |  |
| Other Investments |  | — |  |  | 1 |  |
| Total Percentage |  | 100 | % |  | 100 | % |
Schedule of Expected Benefit Payments | The following pension benefit and postretirement benefit payments are expected to be paid to Servco's plan participants:
| Year |  |  | Pension Benefits |  | Other Benefits |
|  |  |  | Millions |
| 2016 |  |  | $ | 1 |  |  | $ | 3 |  |
| 2017 |  |  | 2 |  |  | 5 |  |
| 2018 |  |  | 3 |  |  | 7 |  |
| 2019 |  |  | 4 |  |  | 8 |  |
| 2020 |  |  | 6 |  |  | 10 |  |
| 2021-2025 |  |  | 60 |  |  | 80 |  |
| Total |  |  | $ | 76 |  |  | $ | 113 |  |
The following pension benefit and postretirement benefit payments are expected to be paid to plan participants.
| Year |  |  | Pension Benefits |  | Other Benefits |
|  |  |  | Millions |
| 2016 |  |  | $ | 285 |  |  | $ | 81 |  |
| 2017 |  |  | 295 |  |  | 84 |  |
| 2018 |  |  | 305 |  |  | 87 |  |
| 2019 |  |  | 317 |  |  | 91 |  |
| 2020 |  |  | 329 |  |  | 95 |  |
| 2021-2025 |  |  | 1,818 |  |  | 518 |  |
| Total |  |  | $ | 3,349 |  |  | $ | 956 |  |
Schedule Of Amount Paid For Employer Matching Contributions | The amount paid for employer matching contributions to the plans for PSEG, PSE&G and Power are detailed as follows:
|  |  | Thrift Plan and Savings Plan |
|  |  | Years Ended December 31, |
|  |  | 2015 |  | 2014 |  | 2013 |
|  |  | Millions |
| PSE&G |  | $ | 22 |  |  | $ | 20 |  |  | $ | 19 |  |
| Power |  | 12 |  |  | 11 |  |  | 10 |  |
| Other |  | 5 |  |  | 5 |  |  | 4 |  |
| Total Employer Matching Contributions |  | $ | 39 |  |  | $ | 36 |  |  | $ | 33 |  |

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- Definition Schedule Of Amount Paid For Employer Matching Contributions [Table Text Block] + References No definition available. + Details
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- Definition Tabular disclosure of the major categories of plan assets of pension plans and/or other employee benefit plans. This information may include, but is not limited to, the target allocation of plan assets, the fair value of each major category of plan assets, and the level within the fair value hierarchy in which the fair value measurements fall. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (d)(5) -URI http://asc.fasb.org/extlink&oid=58740216&loc=d3e1928-114920 + Details
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- Definition Tabular disclosure of the net gain (loss) and net prior service cost or credit recognized in other comprehensive income (loss) for the period for pension plans and/or other employee benefit plans, and reclassification adjustments of other comprehensive income (loss) for the period, as those amounts, including amortization of the net transition asset or obligation, are recognized as components of net periodic benefit cost. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (i) -URI http://asc.fasb.org/extlink&oid=58740216&loc=d3e1928-114920 + Details
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- Definition Tabular disclosure of the assumptions used to determine for pension plans and/or other employee benefit plans the benefit obligation and net benefit cost, including assumed discount rates, rate increase in compensation increase, and expected long-term rates of return on plan assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (k) -URI http://asc.fasb.org/extlink&oid=58740216&loc=d3e1928-114920 + Details
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- Definition Tabular disclosure of one or more of the entity's defined benefit pension plans or one or more other defined benefit postretirement plans, separately for pension plans and other postretirement benefit plans including the entity's schedule of fair value of plan assets for defined benefit or other postretirement plans. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=58740216&loc=d3e2439-114920 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=58740216&loc=d3e2417-114920 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=58740216&loc=d3e2410-114920 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 55 -Paragraph 17 -URI http://asc.fasb.org/extlink&oid=58242635&loc=d3e4179-114921 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=58740216&loc=d3e1928-114920 + Details
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- Definition Tabular disclosure of the effect of fair value measurements using significant unobservable inputs (Level 3) on changes in plan assets of pension plans and/or other employee benefit plans for the period. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (d)(4) -URI http://asc.fasb.org/extlink&oid=58740216&loc=d3e1928-114920 + Details
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- Definition Tabular disclosure of benefits expected to be paid by pension plans and/or other employee benefit plans in each of the next five fiscal years and in the aggregate for the five fiscal years thereafter. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=58740216&loc=d3e1928-114920 + Details
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