Annual report pursuant to Section 13 and 15(d)

EMPLOYEE BENEFIT PLANS (Details 3)

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EMPLOYEE BENEFIT PLANS (Details 3)
 12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
ACCUMULATED BENEFIT OBLIGATION      
Discount rate 4.00% [1] 4.00% 4.45%
NET BENEFIT COST      
Discount rate 4.05% 4.45% 4.70%
Expected return on plan assets 7.00% 7.00% 7.00%
[1] In 2018, the Company used a termination liability approach in calculating the 2018 discount rate for the Rollins, Inc. Pension plan. The following assumptions were used 1) 3.90%, based on current market conditions, for participants in pay status expected to elect a plan termination annuity; 2) 4.11%, based on current market conditions, for active and terminated participants with deferred benefits expected to elect a plan termination annuity; 3) The IRC 417(e) interest rates for the month of November 2018 (3.43%, 4.46%, and 4.88), based on plan provisions, for all lump sum eligible expected to elect a plan termination lump sum. The Waltham Services, LLC Hourly Employee Pension Plan applied 4.05% discount rate based on yield curve analysis.