Eversource Energy (ES, Financial) has announced a significant update to its executive retirement offerings. On December 3, 2023, the Compensation Committee of the Board of Trustees approved an amendment to the Eversource Supplemental Executive Retirement Program. This amendment introduces the Eversource Supplemental Cash Balance Pension Plan, which will become effective on January 1, 2025.
This strategic enhancement to the retirement program reflects Eversource Energy's commitment to providing competitive and comprehensive retirement benefits to its executives. The inclusion of the Supplemental Cash Balance Pension Plan aims to bolster the financial security of Eversource's leadership team, aligning with industry standards and ensuring the company remains an attractive employer for top talent.
For more detailed information on the amendment and its implications, stakeholders and interested parties are encouraged to review the official documentation filed with the Securities and Exchange Commission.
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