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This excerpt taken from the LUX 20-F filed Jun 26, 2008. Nonqualified Pension Plans and Agreements – The Company also maintains a nonqualified, unfunded supplemental
executive retirement plan (“SERP”) for participants of its U.S. Associates
qualified pension plan to provide benefits in excess of amounts permitted under
the provisions of prevailing U.S. 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.
Starting January 1, 2006, this plan’s benefit provisions were amended to mirror the changes made to the Company’s qualified pension plan.
A subsidiary of the Company sponsors the Cole National Group, Inc. Supplemental Pension Plan. This plan is a nonqualified unfunded supplemental executive retirement plan for certain participants of the Cole pension plan who were designated by the Board of Directors of Cole on 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 liability and expense associated with this plan are accrued using the same actuarial methods and assumptions as those used for the qualified pension plan.
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The following tables provide key information pertaining to the Company’s U.S. pension plans and SERP. The Company uses a September 30 measurement date for these plans. This excerpt taken from the LUX 20-F filed Jun 29, 2007. Nonqualified Pension Plans and Agreements—The Company also maintains a
nonqualified, unfunded supplemental executive retirement plan (“SERP”) for
participants of 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.
Starting January 1, 2006, this plan’s benefit provisions were amended to mirror the changes made to the Company’s qualified pension plan. A subsidiary of the Company sponsors the Cole National Group, Inc. Supplemental Pension Plan. This plan is a nonqualified unfunded supplemental executive retirement plan for certain participants of the Cole pension plan who were designated by the Board of Directors of Cole on 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 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 the Company’s pension plans and SERP. The Company uses a September 30 measurement date for these plans. | EXCERPTS ON THIS PAGE:
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