Notes to consolidated financial statements  September 27, 2014 and September 28, 2013 (Millions of dollars, unless otherwise indicated) Performance share unit plan The Corporation has a PSU plan. Under this program, senior executives and other key employees (participants)  periodically  receive a given number of PSUs which may increase if the Corporation meets certain financial performance  indicators.  The PSUs entitle the participant to Common Shares of the Corporation, or at the latter's discretion, the cash  equivalent.  PSUs vest at the end  of  a period  of  three years. PSUs  outstanding and  changes during the  year were summarized  as  follows: Number  (Units) Balance as at September 29, 2012 284 Granted 96 Settled (96 ) Cancelled (27 ) Balance as at September 28, 2013 257 Granted 111 Settled (88 ) Cancelled (12 ) Balance as at September 27, 2014 268 The weighted average fair value of $ 64.96  per PSU ($ 62.92  in 2013 )  for PSUs granted during the year was the stock  market  valuation of a Common  Share  of the Corporation  at  grant  date. The  compensation expense  comprising all  of these PSUs amounted to $4.4for fiscal 2014  ($ 3.7 in 2013). In fiscal 2014 ,  the Corporation paid $ 100.6  in dividends to holders of Common Shares ($ 91.5 in 2013 ),  or $ 1.15  per  share ($ 0.965 in  2013 ). On September 29,  2014,  the Corporation's  Board of  Directors  declared a  quarterly  dividend of  $0.30  per Common Share  payable  November 26,  2014. The  Corporation maintains several defined benefit and defined contribution plans for eligible employees, which provide  most participants with pension, ancillary retirement benefits, and other long-term employee benefits which in certain  cases  are based on the number of years of service or final average salary. The defined benefit plans are funded by the  Corporation's contributions, with some plans also funded by participants' contributions.  The  Corporation also provides  eligible employees and retirees with health care, life insurance and other benefits.  Ancillary  retirement benefits plans  and  other long-term employee benefits are not funded and are presented in other plans. Pension committees made up  of  employer and  employee  representatives  are  responsible  for  all administrative  decisions concerning certain plans. 24. DIVIDENDS 25. EMPLOYEE BENEFITS Defined benefit pension plans and ancillary retirement benefit plans expose the Corporation to actuarial risks such as  interest-rate risk, longevity risk, investment risk and inflation risk. Consequently ,  the Corporation’ s  investment policy  prescribes a  diversified  portfolio  whose bond  component  matches the expected  timing  and  payments  of benefits. - 73 -