CenturyLink 2015 Annual Report Download - page 78

retirement after age 55. For additional information on early retirement benefits, please see the applicable early
retirement provisions of the Pension Plans, copies of which are filed with the SEC.
Glen F. Post, III, R. Stewart Ewing, Jr. and David D. Cole are currently eligible for early retirement under
the Qualified Plan and Supplemental Plan.
Deferred Compensation
The following table and discussion provides information on our Supplemental Dollars & Sense Plan, which
is designed to permit officers to defer a portion of their salary in excess of the amounts that may be deferred
under federal law governing qualified 401(k) plans.
Non-Qualified Deferred Compensation
Name
Aggregate
Balance at
December 31,
2014
Executive
Contributions
in 2015(1)
CenturyLink
Contributions
in 2015(2)
Aggregate
Earnings
in 2015(3)
Aggregate
Withdrawals/
Distributions
Aggregate
Balance at
December 31,
2015
Current Executives:
Glen F. Post, III ............ $3,354,249 $240,489 $91,238 $(40,456) $— $3,645,520
R. Stewart Ewing, Jr. ........ 1,191,795 109,811 34,470 (24,364) — 1,311,713
Stacey W. Goff ............ 1,304,101 119,129 37,411 (41,353) — 1,419,289
Aamir Hussain ............. — — — — — —
David D. Cole ............. 880,868 66,471 20,302 (14,244) — 953,397
Former Executive:
Karen A. Puckett(4) ......... 1,457,144 74,508 43,463 (44,442) — 1,530,673
(1) All of these amounts in this column reflect contributions by the officer of salary paid in 2015 and reported
as 2015 salary compensation in the Summary Compensation Table.
(2) This column includes our match of the officer’s contribution under the terms of the plan. We have reflected
all of these amounts as 2015 compensation in the column of the Summary Compensation Table labeled “All
Other Compensation.”
(3) Aggregate earnings in 2015 include interest, dividends and distributions earned with respect to deferred
compensation invested by the officers in the manner described in the text below.
(4) As a result of leaving the Company in 2015, Ms. Puckett received all of her deferred compensation held
under the plan on March 1, 2016.
Under our Supplemental Dollars & Sense Plan, certain of our senior officers may defer up to 50% of their
salary in excess of the federal limit on annual contributions to a qualified 401(k) plan. For every dollar that an
eligible participant contributes to this plan up to 6% of his or her excess salary, we add an amount equal to the
total matching percentage then in effect for matching contributions made by us under our qualified 401(k) plan
(which for 2015 equaled the sum of all of the initial 1% contributed and half of the next 5% contributed). All
amounts contributed under this supplemental plan by the participants or us are allocated among deemed
investments which follow the performance of the same broad array of funds offered under our qualified 401(k)
plan. This is reflected in the market value of each participant’s account. Participants may change their deemed
investments in these funds at any time. We reserve the right to transfer benefits from the Supplemental Dollars &
Sense Plan to our qualified 401(k) or retirement plans to the extent allowed under Treasury regulations and other
guidance. The value of benefits transferred to our qualified plans directly offsets the value of benefits in the
Supplemental Dollars & Sense Plan. Participants in the Supplemental Dollars & Sense Plan normally receive
payment of their account balances in a lump sum once they cease working full-time for us, subject to any
deferrals mandated by federal law.
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