Windstream 2013 Annual Report Download - page 47

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The following table shows certain information regarding benefits under the Windstream Pension Plan and
Benefit Restoration Plan as of December 31, 2013 for the individuals named below.
PENSION BENEFITS
Name Plan Name
Number of Years
Credited Service
(#) (1)
Present Value of
Accumulated Benefit
($) (2)
Payments During
Last Fiscal Year
($)
Jeffery R. Gardner Pension Plan 12 301,277 -0-
Benefit Restoration Plan — 2,158,457 -0-
Anthony W. Thomas Pension Plan 7 83,366 -0-
Benefit Restoration Plan — 7,116 -0-
Brent Whittington Pension Plan 3.5 41,609 -0-
Benefit Restoration Plan — 5,892 -0-
John P. Fletcher Pension Plan — — —
Benefit Restoration Plan — — —
J. David Works, Jr. Pension Plan — — —
Benefit Restoration Plan — — —
(1) Each NEO’s number of years credited service recognizes prior years of service under the Alltel Corporation
Pension Plan and the Alltel Corporation Benefit Restoration Plan, for Messrs. Thomas and Whittington, as well
as service between 2006 and 2010 for Mr. Gardner.
(2) The present value of accumulated benefits includes the present value of the benefits transferred from the Alltel
Corporation Pension Plan and the Alltel Corporation Benefit Restoration Plan as part of the spin-off. The
present value of accumulated benefits was calculated based on retirement at age 60 with 20 years of credited
service, current compensation as of December 31, 2013, no pre-retirement decrements, the RP-2000 combined
healthy mortality table (projected to 2019), and a 5.01% discount rate, which is the same rate used for preparing
Windstream’s consolidated financial statements.
Non-Qualified Deferred Compensation
The Windstream 2007 Deferred Compensation Plan (the “2007 Plan”) is a non-qualified deferred compensation
plan offered to executive officers and other key employees. Participants may defer up to 25% of base salary and 50%
of bonus. The 2007 Plan also allows Windstream to make discretionary contributions to the 2007 Plan to replace
contributions that Windstream is limited from making to its 401(k) qualified plan as a result of limits imposed
by the Internal Revenue Code. These discretionary contributions equal the amount that could have been credited
to the executive officers as a matching contribution under Windstream’s 401(k) plan had compensation not been
limited under the 401(k) plan by the Internal Revenue Code, plus the amount, if any, by which the executive officer’s
matching contribution under the Windstream 401(k) plan is reduced due to the executive officer’s contributions to the
2007 Plan. Participant accounts are credited with earnings based on a portfolio of investment funds.
Payments are made under the 2007 Plan in cash at certain future dates as specified by the participants or upon
separation of service.
NON-QUALIFIED DEFERRED COMPENSATION
Name
Executive
Contributions
in Last
FY ($)
Windstream
Contributions
in Last
FY ($) (1)
Aggregate
Earnings in Last
FY ($) (2)
Aggregate
Withdrawals/
Distributions
($)
Aggregate
Balance at
12/31/2013
($) (3)(4)(5)
Jeffery R. Gardner 221,500 104,334 215,713 — 2,081,164
Anthony W. Thomas 90,000 29,443 94,668 — 575,404
Brent Whittington — 42,892 184,851 — 1,197,212
John P. Fletcher — 31,175 (892) — 154,377
J. David Works, Jr. — — — — —
(1) These amounts are also included in the “All Other Compensation” column of the Summary Compensation Table.