UIL » Topics » Pension Benefits Table:

This excerpt taken from the UIL DEF 14A filed Apr 1, 2009.

Pension Benefits Table:

 

Name

  

Plan Name

   Number of Years of
Credited Service
(#)
   Present Value of
Accumulated
Benefits ($)
   Payments During
Last Fiscal Year
($)
(a)    (b)    (c)    (d)    (e)

Torgerson, James -
President and CEO

  

N/A

         $ —  

Vallillo, Anthony -
President and Chief Operating Officer of UI

  

UI Pension

   40.5    $ 1,152,471    $ —  

Vallillo, Anthony -
President and Chief Operating Officer of UI

  

UI SERP

   40.5    $ 2,999,712    $ —  

Nicholas, Richard -
Executive Vice President and CFO

  

UI Pension

   7.667    $ 145,501    $ —  

Nicholas, Richard -
Executive Vice President and CFO

  

UI SERP

   7.667    $ 147,199    $ —  

Randell, Linda -
SVP General Counsel & Corporate Secretary

  

N/A

         $ —  

Reed, Richard -
VP Electric System of UI

  

UI Pension

   38.583    $ 1,150,913    $ —  

Reed, Richard -
VP Electric System of UI

  

UI SERP

   38.583    $ 271,424    $ —  

 

1)

Mr. Torgerson and Ms. Randell are not eligible for participation in the UI Pension Plan or the UI Supplemental Executive Retirement Plan.

2)

Calculations reflect actual form of payment elections for SERP benefits and 75% annuity/25% lump sum from the Pension Plan.

3)

Lump sums are calculated using the 12/31/2008 SFAS 87 (Employer’s Accounting for Pensions) disclosure assumptions, specifically a 6.20% discount rate for the Pension Plan, a 6.10% discount rate for the SERP and the prescribed mortality table.

4)

Annuities are calculated using the 12/31/2008 FAS 87 disclosure assumptions, specifically a 6.20% discount rate for the Pension Plan, a 6.10% discount rate for the SERP and the RP2000 mortality table projected to 2009 for both plans.

This excerpt taken from the UIL DEF 14A filed Apr 4, 2008.

Pension Benefits Table

 

Name

  

Plan Name

   Number of Years of
Credited Service
(#)
   Present Value of
Accumulated
Benefits ($)
   Payments During
Last Fiscal Year
($)
(a)    (b)    (c)    (d)    (e)

Torgerson, James -
President and CEO

  

N/A

         $ —  

Vallillo, Anthony -
President and Chief Operating Officer of UI

  

UI Pension

   39.5    $ 1,104,618    $ —  

Vallillo, Anthony -
President and Chief Operating Officer of UI

  

UI SERP

   39.5    $ 2,979,368    $ —  

Nicholas, Richard -
Executive Vice President and CFO

  

UI Pension

   6.667    $ 112,012    $ —  

Nicholas, Richard -
Executive Vice President and CFO

  

UI SERP

   6.667    $ 108,971    $ —  

Reed, Richard -
VP Electric System

  

UI Pension

   37.583    $ 1,102,862    $ —  

Reed, Richard -
VP Electric System

  

UI SERP

   37.583    $ 246,376    $ —  

Randell, Linda -
SVP Gen Counsel & Corporate Secretary

  

N/A

         $ —  

 

1)

Mr. Torgerson and Ms. Randell are not eligible for participation in the UI Pension Plan or the UI Supplemental Executive Retirement Plan.

2)

Calculations reflect actual form of payment elections for SERP benefits and 75% annuity/25% lump sum from the Pension Plan.

3)

Lump sums are calculated using the 12/31/2007 SFAS 87 (Employer’s Accounting for Pensions) disclosure assumptions, specifically a 6.35% discount rate for the Pension Plan, a 6.0% discount rate for the SERP and the prescribed mortality table.

4)

Annuities are calculated using the 12/31/2007 FAS 87 disclosure assumptions, specifically a 6.35% discount rate for the Pension Plan, a 6.0% discount rate for the SERP and the prescribed mortality table projected to 2008 for both plans.

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