PEP » Topics » PENSION PLAN TABLE

This excerpt taken from the PEP DEF 14A filed Mar 24, 2006.

PENSION PLAN TABLE

 

When an executive retires at the normal retirement age (65), the approximate annual benefits payable after January 1, 2006 for the following pay classifications and years of service are:

 

Remuneration   Years of Service
    15

  20

  25

  30

  35

  40

$1,000,000

  346,710   395,610   444,520   493,420   542,320   592,320

$1,250,000

  434,210   495,610   557,020   618,420   679,820   742,320

$1,500,000

  521,710   595,610   669,520   743,420   817,320   892,320

$1,750,000

  609,210   695,610   782,020   868,420   954,820   1,042,320

$2,000,000

  696,710   795,610   894,520   993,420   1,092,320   1,192,320

$2,500,000

  871,710   995,610   1,119,520   1,243,420   1,367,320   1,492,320

$3,000,000

  1,046,710   1,195,610   1,344,520   1,493,420   1,642,320   1,792,320

$3,500,000

  1,221,710   1,395,610   1,569,520   1,743,420   1,917,320   2,092,320

$4,000,000

  1,396,710   1,595,610   1,794,520   1,993,420   2,192,320   2,392,320

$4,500,000

  1,571,710   1,795,610   2,019,520   2,243,420   2,467,320   2,692,320

$5,000,000

  1,746,710   1,995,610   2,244,520   2,493,420   2,742,320   2,992,320

 

The pay covered by the Pension Plans noted below is based on the salary and annual bonus included in the Summary Compensation Table in this Proxy Statement for each of our five most highly compensated executive officers. The years of credited service as of January 1, 2006 for the executive officers named on the Summary Compensation Table are: Steven S Reinemund—21 years; Indra K. Nooyi—11 years; Michael D. White—15 years; Irene B. Rosenfeld—1 year; John C. Compton—22 years.

 

This excerpt taken from the PEP DEF 14A filed Mar 24, 2005.

PENSION PLAN TABLE

 

When an executive retires at the normal retirement age (65), the approximate annual benefits payable after January 1, 2005 for the following pay classifications and years of service are:

 

Remuneration   Years of Service
    15

  20

  25

  30

  35

  40

$1,000,000

  346,900   395,870   444,840   493,810   542,780   592,780

$1,250,000

  434,400   495,870   557,340   618,810   680,280   742,780

$1,500,000

  522,900   595,870   669,840   743,810   817,780   892,780

$1,750,000

  609,400   695,870   782,340   868,810   955,280   1,042,780

$2,000,000

  696,900   795,870   894,840   993,810   1,092,780   1,192,780

$2,500,000

  871,900   995,870   1,119,840   1,243,810   1,367,780   1,492,780

$3,000,000

  1,046,900   1,095,870   1,344,840   1,493,810   1,642,780   1,792,780

$3,500,000

  1,221,900   1,395,870   1,569,840   1,743,810   1,917,780   2,092,780

$4,000,000

  1,396,900   1,595,870   1,794,840   1,993,810   2,192,780   2,392,780

$4,500,000

  1,571,900   1,795,870   2,019,840   2,243,810   2,467,780   2,692,780

$5,000,000

  1,746,900   1,995,870   2,244,840   2,493,810   2,742,780   2,992,780

 

The pay covered by the Pension Plans noted below is based on the salary and bonus shown in the Summary Compensation Table in this Proxy Statement for each of our five most highly compensated executive officers. The years of credited service as of January 1, 2005 for the executive officers named on the Summary Compensation Table are: Steven S Reinemund—20 years; Indra K. Nooyi—10 years; Michael D. White—15 years; Gary M. Rodkin—9 years; and Abelardo E. Bru—31 years.

 

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