SAE Annual Report 2011 - 49

SAE INTERNATIONAL
Notes to the Financial Statements (Continued) Note 6 - Employee Benefit Plans (Continued) Components of pension adjustment recognized in nonoperating activities in the statements of activities consisted of the following: 2011 Net gain (loss) Amortization of net loss Effects of plan curtailment Pension expense in excess of 8½% of salaries ($10,802,003) 506,445 ( 234,894) ($10,530,452) $ ( ($ 2010 125,825 535,491 697,547) 36,231)

SAE considers pension expense of 8½% of salaries a normal expenditure and includes this amount in operating activities. Pension expense in excess of this percentage is included in nonoperating activities. The following are the weighted-average assumptions used to determine net periodic pension cost for the years ended December 31: 2011 Discount rate Expected long-term rate of return on assets 5¾% 8% 2010 6% 8%

SAE’s expected rate of return on plan assets is determined by the plan assets’ historical long-term investment performance, current asset allocation and estimates of future long-term returns by asset class. The accumulated benefit obligation for the plan was $51,585,344 at December 31, 2011 and $43,885,248 at December 31, 2010. The plan’s asset allocations by asset category are as follows: 2011 Equities Fixed income Other 59% 30% 11% 2010 64% 29% 7%

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SAE Annual Report 2011

Table of Contents for the Digital Edition of SAE Annual Report 2011

SAE Annual Report 2011
Contents
Executive Message
Sectors – Aerospace, Automotive and Commercial Vehicle
Membership
Aerospace Standards
Ground Vehicle Standards
Publishing
Magazines and Books
Engineering Events and Meetings
Pre-professional Education
SAE Foundation
Professional Development
Performance Review Institute
Financial Information
Board of Directors
Affiliates and Sections
International Business Partners
SAE Annual Report 2011 - SAE Annual Report 2011
SAE Annual Report 2011 - Cover2
SAE Annual Report 2011 - Contents
SAE Annual Report 2011 - Executive Message
SAE Annual Report 2011 - 3
SAE Annual Report 2011 - Sectors – Aerospace, Automotive and Commercial Vehicle
SAE Annual Report 2011 - 5
SAE Annual Report 2011 - 6
SAE Annual Report 2011 - 7
SAE Annual Report 2011 - Membership
SAE Annual Report 2011 - 9
SAE Annual Report 2011 - Aerospace Standards
SAE Annual Report 2011 - Ground Vehicle Standards
SAE Annual Report 2011 - Publishing
SAE Annual Report 2011 - Magazines and Books
SAE Annual Report 2011 - 14
SAE Annual Report 2011 - Engineering Events and Meetings
SAE Annual Report 2011 - Pre-professional Education
SAE Annual Report 2011 - SAE Foundation
SAE Annual Report 2011 - 18
SAE Annual Report 2011 - Professional Development
SAE Annual Report 2011 - Performance Review Institute
SAE Annual Report 2011 - Financial Information
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SAE Annual Report 2011 - Board of Directors
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SAE Annual Report 2011 - Affiliates and Sections
SAE Annual Report 2011 - International Business Partners
SAE Annual Report 2011 - Cover4
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