Quarterly report pursuant to sections 13 or 15(d)

Employee Benefits Plans

Employee Benefits Plans
9 Months Ended
Jun. 30, 2013
Employee Benefits Plans [Abstract]  
Employee Benefit Plans

Note 8. Employee Benefits Plans


Management Security Plan


The Management Security Plan ("MSP") is a nonqualified, noncontributory defined retirement benefit plan for a select group of management personnel. The MSP provides fixed supplemental retirement benefits for 180 months. The MSP is frozen with no new participants being added. The MSP benefit expense and the projected obligation are determined using assumptions at the end of the fiscal year. The MSP currently is unfunded and benefits are paid as they become due. At June 30, 2013, the total balance of the deferred retirement benefits liability was $4,205,000.


The Company has established a "Rabbi Trust" to provide for the funding of accrued benefits under the MSP. According to the terms of the Rabbi Trust, funding is voluntary until a change of control of the Company as defined in the Management Security Plan Trust Agreement occurs. Upon a change of control, funding is triggered. As of June 30, 2013, the Rabbi Trust had no assets, and no change of control had occurred.