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<br />:. <br />Notes to Divisional Balance Sheet, Continued <br />5. Pensions and Other Postretirement Benefits: <br />All ;:alazied employees of the Division participate in a noncontributory defined benefit pension <br />plan sponsored by the Parent company. In addition, the Division provides certain defined <br />health care and life insurance benefits for retired employees under a plan s~vnsored b}• thc• <br />Parent company. All employees with at least five years of sen~ice and why are cunentl+ <br />between the ages of 62 and 65 are eligible for the health care bcnefns, and all employees +vith <br />at least five yeazs of service are eligible for the life insurance benefits. <br />6. Leases: <br />The Division has a mineral ]case which expires in 199S. Minimum royalty lease payments <br />under the noncancelable operative lease as of December ; 1, 199? arr Sa.I G i fvr ] 99f. <br />In additivn tv the mineral lease, the Compan}~ alcv has an equipment lease +vhich is to he paid ir. <br />full h+ December 31. 1995 in the amount of 5S I.6S;. <br />5 <br />