1. HR: Leading People, Leading Organizations © 2006 SHRM SHRM Weekly Online Survey: October 24, 2006 Pension Plan Sample comprised of 393 randomly selected HR professionals. Analyzing 393 responses of 2877 emails sent, 2605 emails were received (response rate = 15%). Survey fielded October 24 – October 31, 2006; presentation generated on November 6, 2006. Margin of error is +/- 5%.

2. HR: Leading People, Leading Organizations © 2006 SHRM SHRM Weekly Online Survey: October 24, 2006 Does your organization have a pension plan? n = 392

3. HR: Leading People, Leading Organizations © 2006 SHRM SHRM Weekly Online Survey: October 24, 2006 Does your organization have a pension plan? ChoiceCountPercentage Answered Yes, my organization has a defined benefit pension plan only 6416% Yes, my organization has a defined contribution pension plan only 12031% Yes, my organization has both defined benefit and defined contribution pension plan 8923% No, my organization does not have any pension plan11930%

4. HR: Leading People, Leading Organizations © 2006 SHRM SHRM Weekly Online Survey: October 24, 2006 Defined Benefit Pension Plan

5. HR: Leading People, Leading Organizations © 2006 SHRM SHRM Weekly Online Survey: October 24, 2006 Which of the following changes has your organization made, plans to make or does not plan to make to its defined benefit pension plan in the next 12 months? Note: Percentage may not total 100% due to rounding

6. HR: Leading People, Leading Organizations © 2006 SHRM SHRM Weekly Online Survey: October 24, 2006 Which of the following changes has your organization made, plans to make or does not plan to make to its defined benefit pension plan in the next 12 months? n = 114

7. HR: Leading People, Leading Organizations © 2006 SHRM SHRM Weekly Online Survey: October 24, 2006 Which of the following changes has your organization made, plans to make or does not plan to make to its defined benefit pension plan in the next 12 months? n = 81 Note: Percentage may not total 100% due to rounding

8. HR: Leading People, Leading Organizations © 2006 SHRM SHRM Weekly Online Survey: October 24, 2006 Which of the following changes has your organization made, plans to make or does not plan to make to its defined benefit pension plan in the next 12 months? n = 86

9. HR: Leading People, Leading Organizations © 2006 SHRM SHRM Weekly Online Survey: October 24, 2006 Which of the following changes has your organization made, plans to make or does not plan to make to its defined benefit pension plan in the next 12 months? n = 83

10. HR: Leading People, Leading Organizations © 2006 SHRM SHRM Weekly Online Survey: October 24, 2006 Which of the following changes has your organization made, plans to make or does not plan to make to its defined benefit pension plan in the next 12 months? n = 80 Note: Percentage may not total 100% due to rounding

11. HR: Leading People, Leading Organizations © 2006 SHRM SHRM Weekly Online Survey: October 24, 2006 Which of the following changes has your organization made, plans to make or does not plan to make to its defined benefit pension plan in the next 12 months? TopicMadePlans to make Does not plan to make Maintaining our defined benefit pension plan for all employees 68%4%28% Maintaining our defined benefit pension plan for some employees 30%4%67% Freezing our defined benefit pension plan21%9%70% Converting our defined benefit pension plan to a cash balance or hybrid plan 13%5%82% Terminating our defined benefit plan4%3%94% Note: Percentage may not total 100% due to rounding

12. HR: Leading People, Leading Organizations © 2006 SHRM SHRM Weekly Online Survey: October 24, 2006 Other changes organizations have made or plan to make to their defined benefit pension plan in the next 12 months. We are looking into a Profit Sharing plan, in which contributions would be made one time per year. Employees hired after 1/1/07 will be automatically enrolled in to the 401K plan at 3% of their salary. Contributions will then be matched 100% up to 6%. Current employees will remain in the defined pension plan; the plan will be frozen 12/31/07. Effective 1/1/08, current employees, when retired, will receive a payout from the defined plan as well as monies accrued from contributions made to the 401K plan. also effective 1/1/08. current employees will have 100% match of all contributions up to 6% and have 3% of salary automatically contributed by the company. Union employees will continue in their defined benefit plans until the contracts expire and changes can be negotiated. Non-union employees - defined benefit plan frozen 1/01/06, replace by defined contribution and profit-sharing plan. This is a "grandfathered" plan. No changes in works for plan itself but we're proposing to restrict eligibility for retiree health plan participation to those age 60 with min 10 years tenure - while DB plan allows earlier retirement. Also discussed but rejected: Employee contribution to plan. Effective 01/01/04, new hires were not eligible for our defined benefit pension plan. New hires are now automatically enrolled in a 401(k) with a company basic contribution. We have made 23 out of 24 investment fund and manager changes, added a Roth option with our 304b and 401a plans.

13. HR: Leading People, Leading Organizations © 2006 SHRM SHRM Weekly Online Survey: October 24, 2006 Defined Contribution Pension Plan

14. HR: Leading People, Leading Organizations © 2006 SHRM SHRM Weekly Online Survey: October 24, 2006 Changes organizations have made, plans to make or does not plan to make to their defined contribution pension plan in the next 12 months?

15. HR: Leading People, Leading Organizations © 2006 SHRM SHRM Weekly Online Survey: October 24, 2006 Which of the following changes has your organization made, plans to make or does not plan to make to its defined contribution pension plan in the next 12 months? n = 206

16. HR: Leading People, Leading Organizations © 2006 SHRM SHRM Weekly Online Survey: October 24, 2006 Which of the following changes has your organization made, plans to make or does not plan to make to its defined contribution pension plan in the next 12 months? n = 173

17. HR: Leading People, Leading Organizations © 2006 SHRM SHRM Weekly Online Survey: October 24, 2006 Which of the following changes has your organization made, plans to make or does not plan to make to its defined contribution pension plan in the next 12 months? n = 155

18. HR: Leading People, Leading Organizations © 2006 SHRM SHRM Weekly Online Survey: October 24, 2006 Which of the following changes has your organization made, plans to make or does not plan to make to its defined contribution pension plan in the next 12 months? n = 165

19. HR: Leading People, Leading Organizations © 2006 SHRM SHRM Weekly Online Survey: October 24, 2006 Which of the following changes has your organization made, plans to make or does not plan to make to its defined contribution pension plan in the next 12 months? n = 149

20. HR: Leading People, Leading Organizations © 2006 SHRM SHRM Weekly Online Survey: October 24, 2006 Which of the following changes has your organization made, plans to make or does not plan to make to its defined contribution pension plan in the next 12 months? n = 165

21. HR: Leading People, Leading Organizations © 2006 SHRM SHRM Weekly Online Survey: October 24, 2006 Which of the following changes has your organization made, plans to make or does not plan to make to its defined contribution plan in the next 12 months? TopicMadePlans to make Does not plan to make Maintaining our current defined contribution plan 73%9%18% Increasing the employee match in our defined contribution plan 12%9%79% Increasing the non-elective employer contribution in our defined contribution plan 7%10%83% Introducing auto enrollment to our defined contribution pension plan 29%18%53% Reducing the non-elective employer contribution in our defined contribution plan 2%3%95% Reducing the employee match in our defined contribution plan 3%1%96%

22. HR: Leading People, Leading Organizations © 2006 SHRM SHRM Weekly Online Survey: October 24, 2006 Other changes organizations have made or plan to make their defined contribution pension plan in the next 12 months. We have amended our plan to allow increases or decreases in deferral percentage at any time. We have also amended our plan to allow participants to defer up to 100% of their salary. Plans to make available Roth 401K My organization plans to make changes to our TDA within the next year. Adding additional fund choices to balance out investment options and added a "Step Up" plan which automatically increases employee contributions over a period of time (if employee chooses to participate) Add Lifestyle funds We have employer contribution DC plan (7%) plus 401k with employer match at 50% up to 6% employee contribution. Successfully implemented auto-enrollment of new employees last year. Decided not to auto-enroll others. We are making changes but I won't know until December 2006. As part of the PPA, we are considering deferring some of the participant fees onto the employees. Increasing the match Plan to review auto enrollment option for possible implementation. maintain 403b as is with a flat dollar contribution based on years of service Due to our ESOP, the employee contribution has been maxed to the Defined Contribution plan at 3%/year. As of 11/1/06, it was increased to a 6% maximum contribution. We will be adding a Roth option to our 403(b) plan. Our eligibility period will change from one year to two years of employment. Reducing eligibility from 12 months service to 60 days service