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DEF 14A
GRAHAM HOLDINGS CO filed this Form DEF 14A on 03/31/1994
Entire Document
 
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<TABLE><CAPTION>

                                   ESTIMATED ANNUAL PENSION (COMPUTED AS
                                         STRAIGHT LIFE ANNUITY) FOR
                                REPRESENTATIVE YEARS OF CREDITED SERVICE(A)
      COVERED         ----------------------------------------------------------------
    COMPENSATION         10         15         20         25         30         35
- --------------------  ---------  ---------  ---------  ---------  ---------  ---------
   POST-NEWSWEEK
      STATIONS
      PLAN(C)
- --------------------
<S>                   <C>        <C>        <C>        <C>        <C>        <C>
      $300,000        $  53,500  $  80,500  $ 107,500  $ 134,500  $ 161,500  $ 161,500
      400,000            71,000    106,750    142,500    178,250    214,000    214,000
      450,000            79,750    119,875    160,000    200,155    240,250    240,250
      500,000            88,500    133,000    177,500    222,000    266,500    266,750
      550,000            97,250    146,125    195,000    243,875    292,750    292,750
      600,000           106,000    159,250    212,500    265,750    319,000    319,000
      650,000           114,750    172,375    230,000    287,625    345,250    345,250
      700,000           123,500    185,500    247,500    309,500    371,500    371,500
      750,000           132,250    198,375    265,000    331,125    397,500    397,500
      800,000           141,000    211,750    282,500    353,250    424,000    424,000
      850,000           149,750    224,375    300,000    375,125    450,250    450,250
NEWSWEEK PLAN(B)(C)
- --------------------
      $300,000        $  31,500  $  47,250  $  63,000  $  78,750  $  96,000  $ 112,500
      400,000            41,500     62,250     83,000    103,750    126,500    148,500
      450,000            46,500     69,750     93,000    116,250    141,750    166,500
      500,000            51,500     77,250    103,000    128,950    157,000    184,500
      550,000            56,500     84,750    113,000    141,250    172,250    202,500
      600,000            61,500     92,250    123,000    153,750    187,500    220,500
      650,000            66,500     99,750    133,000    166,250    202,750    238,500
      700,000            71,500    107,250    143,000    178,750    218,000    256,500
      750,000            76,500    114,750    153,000    191,250    233,250    274,500
      800,000            81,500    122,250    163,000    203,750    248,500    292,500
      850,000            86,500    129,750    173,000    216,250    263,750    310,500
</TABLE>

 
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    (a)  Before deducting the effect on benefits of an offset applicable to
benefits paid under the Company Plan and the Post-Newsweek Stations Plan and
based on average compensation over the employee's career. For an individual
retiring at age 65 during 1994 the deduction would be as follows for the
indicated number of years of credited service: 10 years, $1,823; 15 years,
$2,735; 20 years, $3,647; 25 years, $4,559; 30 and 35 years, $5,470.
 
    (b) Newsweek's plan required employee contributions until the end of 1982,
when it was amended to make the plan non-contributory. The benefits shown in the
table are those provided under the amended plan.
 
    (c) Plan provides increased benefits for years of service after 1991. The
benefits shown in the table are those provided for service after that year.
 
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