Benefit Plans

TVA sponsors a qualified defined benefit pension plan (the "Plan") that covers most of its full-time employees hired before July 1, 2014, a qualified defined contribution plan that covers most of its full-time employees, two unfunded post-retirement health care plans that provide for non-vested contributions toward the cost of eligible retirees' medical coverage, other postemployment benefits, such as workers' compensation, and the SERP.

The components of net periodic benefit cost and other amounts recognized as changes in regulatory assets for the three months ended December 31, 2014, and 2013, were as follows:



Components of TVA’s Benefit Plans
	For the Three Months Ended December 31
	Pension Benefits						Other Post-Retirement Benefits
	2014			2013			2014			2013
Service cost	$	34		$	35		$	5		$	5
Interest cost	133			139			8			9
Expected return on plan assets	(109		)	(108		)	—			—
Amortization of prior service credit	(5		)	(5		)	(2		)	(2		)
Recognized net actuarial loss	69			69			2			3
Total net periodic benefit cost as actuarially determined	122			130			13			15
Amount capitalized due to actions of regulator	(51		)	—			—			—
Total net periodic benefit cost	$	71		$	130		$	13		$	15

TVA contributes to the Plan such amounts as are necessary on an actuarial basis to provide the Plan with assets sufficient to meet TVA-funded benefit obligations to be paid to members. TVA expects to contribute $275 million to the Plan in 2015. TVA contributed $250 million to the Plan in 2014. TVA does not separately set aside assets to fund other benefit costs, but rather funds such costs on an as-paid basis. TVA provided approximately $16 million, net of rebates and subsidies, to other post-retirement benefit plans, during the three months ended December 31, 2014, and 2013.