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ALL » Topics » Pension Enhancement Benefit

This excerpt taken from the ALL 8-K filed Apr 18, 2008.

Pension Enhancement Benefit

 

             Mr. Liddy shall accrue a benefit (“Pension Enhancement Benefit”) under this Agreement until his separation from service, which is anticipated to be April 30, 2008, in an amount equal to the difference between (i) the sum of the benefit otherwise owed to Mr. Liddy under the Allstate Retirement Plan (“ARP”) and the Supplemental Retirement Income Plan (“SRIP”), and (ii) the benefit otherwise owed to Mr. Liddy under the ARP and SRIP, after crediting Mr. Liddy with a total of 28 years of Credited Service, which is the maximum Credited Service allowed under the ARP.

 

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