Southern New England Telecommunications Corp – ‘10-K’ for 12/31/93 – EX-10

As of:  Wednesday, 3/23/94   ·   For:  12/31/93   ·   Accession #:  790650-94-3   ·   File #:  1-09157

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Annual Report   —   Form 10-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        Annual Report                                         33±   120K 
 2: EX-10       Nq Pension Plan                                        2±    10K 
 3: EX-10.1     Pension Plan                                           1      9K 
 4: EX-10.2     Mid-Career Pension Plan                                1      7K 
 5: EX-10.3     Disability Plan                                        9±    34K 
 6: EX-10.4     Exec. Retire Sav. Plan                                 1      8K 
 7: EX-12       Ratio                                                  1      6K 
 8: EX-13       Annual Report                                         48±   225K 
 9: EX-21       Subsidiaries                                           1      6K 
10: EX-23       Consent                                                1      8K 
11: EX-24       Power                                                  2±    13K 
12: EX-24.1     Resolution                                             1      8K 

EX-10   —   Nq Pension Plan

                                             Exhibit 10(iii)(A)5

SNET EXECUTIVE NON-QUALIFIED PENSION PLAN AND EXCESS BENEFIT PLAN 

The SNET Executive Non-Qualified Pension Plan and Excess Benefit Plan ("Plan")  
was amended at the December 8, 1993 Board of Directors meeting.  The purpose    
of the amendments was a redesign of the executive pension plans to have the     
same pension formula apply for executives and management employees, and         
maximize the benefits which may be payable from the Pension Trust Fund.  The    
redesign also replaces the Mid Career Pension Plan which differentiated based   
on age and position at time of hire with an executive pension plan which        
provides the appropriate level of income protection for all executives based    
on their length of service with the company.  The amendments to the Plan are    
as follows:                                                                     

1)  Effective December 8, 1993, the election by an executive of the Pension     
Deferral Option under the SNETMPP which defers the commencement of the  
executive's service pension until no later than age 55 (to reduce or    
 eliminate the early retirement discount), shall result in the deferral of
the service benefit payable under the ENQPP for the same period.        

2)  Effective December 8, 1993, the ENQPP adjusted career income formula shall  
continue to apply only to those employees who are in executive positions
  as of December 8, 1993 until such time as there is a change in the SNETMPP
formula at which time the executive's accrued vested pension benefit    
payable under the ENQPP shall be frozen; provided, however, that the    
amount payable under the ENQPP formula shall be limited to the amount by
which the ENQPP benefit exceeds the benefit determined by applying the  
SNETMPP formula to the executive's Short Term Incentive Award.          

3)  Effective December 8, 1993, the ENQPP will replace the benefits provided    
under the SNET Mid Career Pension Plan (SNETMCPP) with a minimum pension
benefit payable to executives based on the number of years and months of
service completed as of the termination of employment date, and the     
average annual base salary for the three years immediately preceding the
 termination date.  The ENQPP minimum pension benefit will ensure that the
combined pension amounts payable under the SNETMPP, the ENQPP and the   
SNETMCPP, as applicable, provide a minimum benefit, for executives who  
  terminate employment with up to 25 years of service, of 2 percent per year
of service (maximum 40 percent) multiplied by the executives' three year
  average base salary; or for executives with more than 25 years of service,
1.6 percent per year of service multiplied by such average pay.         

4)  Effective January 1, 1994, the following provisions no longer apply to      
 those employees who become eligible to participate after December 8, 1993
  except for benefits available under Section 7 which shall remain available
until replacement coverage is available under the SNET Executive Split  
 Dollar Life Insurance Plan (SDLIP), and to participants as of December 8,
1993 upon the effective date of replacement coverage under the SDLIP:   
1) Section 4, Paragraph 3(e), Automatic Survivor Annuity;         
2) Section 6, Death Benefits;                                     
3) Section 7, Post-Retirement Life Insurance Supplement Program;  
4) Section 8, Survivor Annuity Options; and                       
5) Section 9, Paragraph 10, Lump Sum Payments.                    
To the extent permitted under applicable tax laws, participants as of   
December 8, 1993 shall be provided an opportunity to maintain the       
Survivor Annuity Option provisions of the ENQPP at the time the SDLIP   
becomes effective; provided, however, that in such event the tax        
gross-up provisions related to such Survivor Annuity Option provisions  
will not be available.                                                  

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-K’ Filing		Date		Other Filings
Filed on:		3/23/94
		1/1/94
For Period End:		12/31/93		10-K/A
		12/8/93
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