NDAQ » Topics » Defined-Benefit Pension Plan

This excerpt taken from the NDAQ DEF 14A filed Apr 20, 2007.

Defined-Benefit Pension Plan

Prior to January 1, 2006, we were a participating employer in a noncontributory, defined-benefit pension plan that NASD sponsors for the benefit of its eligible employees and the eligible employees of its subsidiaries. The investment policy and strategy of the plan is established by the NASD Pension Plan Committee and reviewed on an annual basis, under the advisement of an investment consultant. As part of our separation from NASD, effective January 1, 2006, we adopted our own Pension Plan and transferred Nasdaq participants in NASD’s pension plan to our Pension Plan. For further information on our Pension Plan, see “Compensation Discussion and Analysis—Savings and Retirement Plans” and “Executive Compensation—Pension Benefits.”

This excerpt taken from the NDAQ DEF 14A filed Apr 21, 2006.

Defined-Benefit Pension Plan

 

Prior to January 1, 2006, we were a participating employer in a noncontributory, defined-benefit pension plan that NASD sponsors for the benefit of its eligible employees and the eligible employees of its subsidiaries. The investment policy and strategy of the plan asset is established by the NASD Pension Plan Committee and reviewed on an annual basis, under the advisement of an investment consultant. As part of our separation from NASD, effective January 1, 2006, we adopted our own noncontributory, defined benefit pension plan and transferred Nasdaq participants in NASD’s pension plan to our pension plan.

 

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