ALLSTATE CORP | 2013 | FY | 3


($ in millions)
 

  Pension benefits   Postretirement
benefits
 
 
  2013   2012   2013   2012  

Benefit obligation, beginning of year

  $ 6,727   $ 5,831   $ 803   $ 716  

Service cost

    140     152     12     13  

Interest cost

    265     298     28     36  

Participant contributions

    1     1     18     20  

Actuarial (gain) loss

    (406 )   756     (32 )   76  

Benefits paid (1)

    (892 )   (312 )   (57 )   (59 )

Plan amendments

    (506 )            

Translation adjustment and other

    (31 )   1     (5 )   1  

Curtailment gain

    (1 )       (285 )    
                   

Benefit obligation, end of year

  $ 5,297   $ 6,727   $ 482   $ 803  
                   
                   

(1)
Benefits paid include lump sum distributions, a portion of which may trigger settlement accounting treatment.

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