Allstate 2013 Annual Report Download - page 59

The amounts listed in this column are based on the following assumptions:
• Discount rate of 4.00%, payment form assuming 80% paid as a lump sum and 20% paid as an annuity,
lump-sum/annuity conversion segmented interest rates of 4.25% for the first five years, 6.0% for the next
15 years, and 6.75% for all years after 20 and the 2013 combined static Pension Protection Act funding mortality
table with a blend of 50% males and 50% females (as required under the Internal Revenue Code), and
post-retirement mortality for annuitants using the 2013 Internal Revenue Service mandated annuitant table; these
are the same as those used for financial reporting year-end disclosure as described in the notes to Allstate’s
consolidated financial statements. (See note 17 to our audited financial statements for 2012.)
• Based on guidance provided by the Securities and Exchange Commission, we have assumed a normal retirement
age of 65 under both the ARP and SRIP.
• No assumption for early termination, disability, or pre-retirement mortality.
(2) The figures reflect the present value of the current accrued pension benefits calculated using the assumptions
described in the preceding footnote. If the named executives’ employment terminated on December 31, 2012, the
lump sum present value of the non-qualified pension benefits for each named executive earned through
December 31, 2012, is shown in the following table:
Mr. Wilson Supplemental Retirement Income Plan 8,362,753
Mr. Shebik Supplemental Retirement Income Plan 1,774,245
Mr. Civgin Supplemental Retirement Income Plan 75,735
Ms. Greffin Supplemental Retirement Income Plan 4,103,726
Mr. Gupta Supplemental Retirement Income Plan 10,479
Mr. Winter Supplemental Retirement Income Plan 84,829
The amount shown is based on the lump sum methodology (i.e., interest rate and mortality table) used by the
Allstate pension plans in 2013, as required under the Pension Protection Act. Specifically, the interest rate for 2013 is
based on 100% of the average corporate bond segmented yield curve from August of the prior year. The mortality
table for 2013 is the 2013 combined static Pension Protection Act funding mortality table with a blend of 50%
males and 50% females, as required under the Internal Revenue Code.
(3) Mr. Wilson’s prior employment with another former Sears, Roebuck and Co. subsidiary is counted in determining his
26.5 years of vesting service under the Allstate Retirement Plan, but is not included in the calculation of credited
service used for benefit determination purposes.
(4) Mr. Gupta is not currently vested in the Allstate Retirement Plan or the Supplemental Retirement Income Plan.
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Lump Sum
Name Plan Name Amount ($)
Executive Compensation Tables
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