The Hartford 2012 Annual Report Download - page 292

been entitled to under the Excess Pension Plan – Final Average Pay formula if the Participant had terminated
employment on the date of death (if then an active employee), survived until the earliest date on which the
Participant could have begun receiving payments, commenced receiving payments on that date in the form of a
50% joint and survivor annuity; and died the next day. Survivor benefit payments begin on the first day of the
month following the Participant’s date of death (if payments begin before the earliest date on which the
Participant could have begun to collect a benefit, the survivor’s benefit payments will be further reduced
actuarially, in accordance with the actuarial factors under the Retirement Plan, to reflect the earlier
commencement date), and will be paid in the form of an annuity for the life of the survivor. If the total value as
of the date of death of the survivor benefit payable (including any benefits payable under the Cash Balance
formula portion of the Plan, if applicable) is less than the Code Section 402(g) limit ($16,500, as such amount
may be adjusted for inflation after 2009), the pre-retirement survivor benefit will automatically be paid, in the
form of a lump sum, within 90 days following the Participant’s death. For purposes of this Section, a
Participant’s beneficiary will be the individual designated by the Participant by proper written request to the
Company in accordance with the rules and procedures established by the Committee to receive the Pre-
Retirement Survivor’s Benefit under the Final Average Pay formula in the event of the Participant’s death. A
Participant may designate different individuals as beneficiaries for the Excess Pension Plan – Final Average Pay
formula and the Excess Pension Plan – Cash Balance formula. If no