other material
confidence high
sentiment neutral
materiality 0.20
Eversource adds cash balance pension plan to executive retirement program, effective Jan 1, 2025
EVERSOURCE ENERGY
- Compensation Committee approved amendment to Supplemental Executive Retirement Program to include a new Supplemental Cash Balance Pension Plan, effective January 1, 2025.
- The amendment consolidates four existing plans (NSTAR I, NSTAR II, NU Plan, and new Cash Balance Plan) into one program document.
- The change affects key executives who participate in the Eversource Cash Balance Pension Plan; no participant count or cost impact disclosed.
- No financial impact reported; benefits are paid from general assets and subject to existing claims procedures.