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Longer CEO Lives Spur Pay Growth as Companies Cushion Pensions
Bloomberg 
Mar. 25, 2015
"Standard & Poor's 500 Index companies that have filed proxy statements for fiscal 2014 contributed an average $1.5 million to their CEOs' pensions, compared to an average of about $550,000 in 2013 ... Pensions comprised about 11 percent of total CEO pay at those companies, compared to 4 percent in 2013. The ballooning pensions were often triggered by preset agreements on CEO retirement pay, rather than new decisions by boards to give their executives more. Longer lifespans and lower discount rates are forcing companies to add more to their CEOs' pensions to meet return expectations and support future payouts[.]"
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