|
|
 | | | |
- close
- close
- close
- close
| |||||||||
This excerpt taken from the LUX 20-F filed Jun 29, 2005. Nonqualified Pension Plan —U.S. Holdings also maintains a nonqualified,
unfunded supplemental executive retirement plan (“SERP”) for participants in
its qualified pension plan to provide benefits in excess of amounts permitted
under the provisions of prevailing tax law. The pension liability and expense
associated with this plan are accrued using the same actuarial methods and
assumptions as those used for the qualified pension plan.
As of the Cole acquisition date, U.S. Holdings through its newly acquired subsidiary, sponsors the Cole National Group, Inc. Supplemental Pension Plan. This plan is a nonqualified unfunded SERP for certain participants of the Cole pension plan who were designated by the Board of Directors of Cole at the recommendation of Cole’s Chief Executive Officer at such time. This plan provides benefits in excess of amounts permitted under the provisions of the prevailing tax law. The pension
F-27
liability and expense associated with this plan are accrued using the same actuarial methods and assumptions as those used for the qualified pension plan.
The following tables provide key information pertaining to U.S. Holdings’ pension plans and SERP. U.S. Holdings uses a September 30 measurement date for these plans.
|
| |||||||
