AA » Topics » PENSION PLANS

This excerpt taken from the AA DEF 14A filed Feb 21, 2006.

PENSION PLANS

 

Alcoa’s pension plans cover a majority of salaried employees. Alcoa pays the full cost of these plans, which include both tax-qualified and non tax-qualified excess plans. Alcoa’s excess plans generally restore benefits that otherwise would be payable but for limits on compensation that may be taken into account under the qualified plans. In January 2006, Alcoa announced that most U.S. salaried and non-union hourly employees hired after March 1, 2006 will participate in a defined contribution plan instead of the current defined benefit plans.

 

The following table shows the annual benefits payable for the majority of salaried employees under Alcoa’s pension plans at executive compensation levels, as such plans are currently in effect.

 

This excerpt taken from the AA DEF 14A filed Feb 22, 2005.

PENSION PLANS

 

Alcoa’s pension plans cover a majority of salaried employees. Alcoa pays the full cost of these plans, which include both tax-qualified and non tax-qualified excess plans. This table shows the annual benefits payable for the majority of salaried employees at executive compensation levels.

 

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