What was the discount rate used for Petro Stopping Center's pension plan liabilities in 2023?
Petro_Stopping_Center Franchise · 2025 FDDAnswer from 2025 FDD Document
| Financial assumptions used to determine benefit obligation | 2024 | 2023 | 2022 |
|---|---|---|---|
| Discount rate for pension plan liabilities | 5.6 | 5.0 | 5.2 |
| Discount rate for other post-employment benefit plan liabilities | 5.5 | 4.9 | 5.2 |
| Rate of increase in salaries | 4.4 | 4.4 | 4.4 |
| Inflation for plan liabilities | 2.0 | 2.0 | 2.0 |
Source: Item 14 — Other investments (FDD pages 131–208)
What This Means (2025 FDD)
According to Petro Stopping Center's 2025 Franchise Disclosure Document, the discount rate used for pension plan liabilities in 2023 was 5.0%. The document also provides the discount rates used in 2024 and 2022, which were 5.6% and 5.2% respectively.
In addition to the pension plan liabilities, the FDD also discloses the discount rates used for other post-employment benefit plan liabilities. In 2023, this rate was 4.9%, while the rates for 2024 and 2022 were 5.5% and 5.2% respectively. These rates are important for understanding how Petro Stopping Center calculates its financial obligations related to employee benefits.
Furthermore, the document includes information on the rates of increase in salaries and inflation rates used for plan liabilities. For all three years (2022, 2023, and 2024), the rate of increase in salaries was 4.4%, and the inflation rate for plan liabilities was 2.0%. These financial assumptions provide a comprehensive view of the factors influencing Petro Stopping Center's benefit obligations and expenses.