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RETIREMENT PLANS | 12 Months Ended
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Dec. 31, 2015
Compensation and Retirement Disclosure [Abstract] |
RETIREMENT PLANS | We provide defined contribution plans that are self directed to eligible employees through various plans sponsored by us. Generally, mutual funds are made available pursuant to which employees and we contribute a percentage of the employee’s gross salary into the plan each month. For eligible U.S. employees, we provide a non-qualified deferred compensation plan that enables them to make salary contributions in excess of those permitted under the AXIS 401(k) Plan, to make additional employee contributions from their bonus payments, and to receive discretionary employer contributions. During 2015, our total pension expenses were $21 million (2014: $21 million and 2013: $20 million) for the above retirement benefits.

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