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FL » Topics » Table I. Projections at Normal Retirement Date

This excerpt taken from the FL DEF 14A filed Apr 10, 2006.
Table I. Projections at Normal Retirement Date

              Named Executive Officer
   Total Annual Benefit
For Years 1-3
Following Retirement(a)
   Total Annual Benefit
For Years 4 and Subsequent
Following Retirement(b)
             

M. D. Serra

      $ 950,838        $ 58,259  
             

R. T. Mina

        1,522,027          346,350  
             

G. M. Bahler

        619,006          137,480  
             

J. L. Berk

        694,626          69,862  
             

L. J. Petrucci

        670,455          75,889  
             

               
(a)   The amounts stated in the table above for years 1-3 following retirement include the SERP benefits, payable as a lump sum spread over a three-year period. The SERP projections include a 4 percent credit to the participants' accounts for 2005 and assume an annual 8 percent credit going forward.
(b)   Beginning with the fourth year following retirement, the individuals' annual benefits will not include any SERP payments and, therefore, their annual benefits for those years will be reduced accordingly. The amounts stated in this column reflect estimated benefits payable to these executives from the Retirement Plan and the Excess Plan only.

      

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