Erie Indemnity(ERIE) - 2024 Q2 - Quarterly Report

Note 8. Postretirement Benefits Our defined benefit pension plan funding policy is generally to contribute an amount equal to the greater of the target normal cost for the plan year, or the amount necessary to fund the plan to 100%. Accordingly, we made a $33 million contribution in January 2024. The funded pension plan net benefit asset is presented separately from the unfunded plan as a non-current asset on our Statements of Financial Position. (2) Pension plan income represents total plan income before r ...