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 Cables defined benefit Supplemental Executive Retention Plan (SERP).
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).
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.