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Study of Employee Benefits—2011 and Beyond

Study of Employee Benefits—2011 and Beyond. Group Life and AD&D Insurance Used prior claim experience for each entity (Communications, Business, Wireless ) and applied 100% credibility to develop self-supporting rates Objective was to develop the most competitive cost structure possible

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Study of Employee Benefits—2011 and Beyond

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  1. Study of Employee Benefits—2011 and Beyond • Group Life and AD&D Insurance • Used prior claim experience for each entity (Communications, Business, Wireless) and applied 100% credibility to develop self-supporting rates • Objective was to develop the most competitive cost structure possible • Established rates for groups on combined basis and with new single plan design as conveyed in RFP • Retirement Funding Account • Tax-advantaged financial instrument used to fund qualified Retiree Life Insurance obligations; regulated by IRS code • Currently in place for South Retirees • Investment gain on RFA deposits / monies build on tax exempt basis • OPEB liability for PVFB of South Retiree group life insurance relative to current RFA level is important

  2. Study of Employee Benefits—2011 and Beyond • Group Life and AD&D Insurance • 100% credibility with self-supporting rates • Most competitive cost structure • Group rates and single plan • Retirement Funding Account • Qualified Retiree Life Insurance • Already in place for South Retirees • Investment gain on RFA deposits • OPEB liability for South Retiree group

  3. Study of Employee Benefits—2011 and Beyond Retirement Funding Account • Qualified Retiree Life Insurance • Already in place for South Retirees • Investment gain on RFA deposits • OPEB liability for South Retiree group • Group Life and AD&D Insurance • 100% credibility with self-supporting rates • Most competitive cost structure • Group rates and single plan

  4. Study of Employee Benefits—2011 and Beyond Retirement Funding Account Qualified Retiree Life Insurance Already in place for South Retirees Investment gain on RFA deposits OPEB liability for South Retiree group • Group Life and AD&D Insurance 100% credibility with self-supporting rates Most competitive cost structure Group rates and single plan

  5. Advantages of Choosing Prudential

  6. Record-Keeping Services—The Details by Group 273 Clients ■ 2.8M Covered Employees ■ 95% Persistency

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