MINERALS TECHNOLOGIES INC. AND SUBSIDIARY COMPANIES  NOTES TO CONSOLIDATED FINANCIAL STATEMENTS  Obligations and Funded Status  Millions of Dollars  Change in benefit obligation Amounts recognized in the consolidated balance sheet consist of:  Current liability ........................................................... Non-current liability .................................................... Recognized liability ..................................................... The current portion of pension liabilities is included in accrued compensation and related items.  Amounts recognized in accumulated other comprehensive income, net of related tax effects, consist of:  Net actuarial (gain) loss ............................................... Prior service cost ......................................................... Amount recognized end of year................................... The accumulated benefit obligation for all defined benefit pension plans was $269.0 million and $287.1 million at  December 31, 2013 and 2012, respectively.  F-21  Millions of Dollars  Millions of Dollars  Millions of Dollars  Change in plan assets Pension Benefits  Post-retirement Benefits  2013  2012  2013  2012  $  311.4 $  271.9  $  10.6  $ 14.4  8.4  8.1  0.6  0.6  11.3 11.6  0.3  0.4  (28.0)  30.4  (1.1)  (4.3)  (14.0 )  (12.5 )  (0.5)  (0.5)  -- (0.6)  -- --  0.3  1.9  -- --  0.5  0.6  -- --  $  289.9 $  311.4  $  9.9  $ 10.6  Benefit obligation at beginning of year ....................... Service cost.................................................................. Interest cost.................................................................. Actuarial (gain) loss..................................................... Benefits paid ................................................................ Settlements .................................................................. Foreign exchange impact ............................................. Other ............................................................................  Benefit obligation at end of year ................................. Pension Benefits  Post-retirement Benefits  2013  2012  2013  2012  $  212.0 $  187.5  $  -- $ --  31.0 17.2  -- --  10.9 16.4  0.5  0.5  0.5  0.5  -- --  (14.0 )  (12.5 )  (0.5)  (0.5)  -- (0.5)  -- --  0.3  3.4  -- --  $  240.7 $  212.0  $  -- $ --  $  (49.2 )  $  (99.4 )  $  (9.9)  $ (10.6)  Fair value of plan assets beginning of year.................. Actual return on plan assets ......................................... Employer contributions ............................................... Plan participants' contributions.................................... Benefits paid ................................................................ Settlements .................................................................. Foreign exchange impact ............................................. Fair value of plan assets at end of year ........................ Funded status ............................................................... Pension Benefits  Post-retirement Benefits  2013  2012  2013  2012  $  (0.3 )  $  (0.3)  $  (0.8)  $ (1.0)  (48.9 )  (99.1 )  (9.1)  (9.6)  $  (49.2 )  $  (99.4 )  $  (9.9)  $ (10.6)  Pension Benefits  Post-retirement Benefits  2013  2012  2013  2012  $  58.4 $  93.7  $  (1.6)  $ (10.1)  2.2  3.0  (8.1)  (0.8)  $  60.6 $  96.7  $  (9.7)  $ (10.9) 