Cablevision 2012 Annual Report Download - page 189
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COMBINED NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)
(Dollars in thousands, except per share amounts)
I-61
Management does not believe that the resolution of the ongoing income tax examinations described above
will have a material adverse impact on the financial position of the Company. Changes in the liabilities
for uncertain tax positions will be recognized in the interim period in which the positions are effectively
settled or there is a change in factual circumstances.
NOTE 14. BENEFIT PLANS
Plan Descriptions
Qualified and Non-qualified Defined Benefit Plans
Cablevision Retirement Plans (collectively, the "Defined Benefit Plans")
The Company sponsors a non-contributory qualified defined benefit cash balance retirement plan (the
"Pension Plan") for the benefit of non-union employees other than those of Bresnan Cable, Newsday and
Clearview Cinemas. Under the Pension Plan, the Company credits a certain percentage of eligible pay
into an account established for each participant which is credited with a market based rate of return
monthly.
The Company also maintains an unfunded non-contributory non-qualified defined benefit excess cash
balance plan ("Excess Cash Balance Plan") covering certain employees of the Company who participate
in the Pension Plan, as well as an additional unfunded non-contributory non-qualified defined benefit plan
("CSC Supplemental Benefit Plan") for the benefit of certain officers and employees of the Company
which provides that, upon retiring on or after normal retirement age, a participant will receive a benefit
equal to a specified percentage of the participant's average compensation, as defined. All participants are
100% vested in the CSC Supplemental Benefit Plan.
In May 2011, the Pension Plan was amended whereby all benefits earned by employees of AMC
Networks who participated in the Pension Plan were frozen as of the AMC Networks Distribution date.
Also, all active employees of AMC Networks that participated in the Pension Plan who were unvested as
of the AMC Networks Distribution date became fully vested as of the AMC Networks Distribution date.