BGC » Topics » Pension Benefits Table

This excerpt taken from the BGC DEF 14A filed Mar 28, 2007.

Pension Benefits Table


The following Table provides information on benefits for the Named Executive Officers under General Cable’s defined benefit Supplemental Executive Retention Plan (“SERP”).  


Name

 

Plan

Name

 

Number of Years Credited Service

(#)

 

Present Value

of Accumulated

Benefit

($)

 

Payments During Last Fiscal Year

($)

Gregory B. Kenny, President and Chief Executive Officer

 

SERP

 

24

 

2,428,084

 

0

Christopher F. Virgulak, Executive Vice President and Chief Financial Officer

 

SERP

 

19

 

559,333

 

0

Robert J. Siverd, Executive Vice President, General Counsel and Secretary

 

SERP

 

23

 

615,444

 

0


(1)

The present value of accumulated benefit represents the actuarial value of the supplemental pension benefit payable at normal retirement age (age 65 with at least 10 years of credited service or 30 years of credited service, irrespective of age).  


(2)

The actuarial value is based on a 6% interest rate and the RP 2000 mortality table with projection of mortality improvement to 2005 using scale AA.  These are the same assumptions that were used for year-end pension financial reporting purposes under FAS 158.  


Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki