Summary of the Anthem, Inc. Directed Executive Compensation (DEC) Program (effective January 1, 2019)
The Directed Executive Compensation (DEC) program is an executive perquisite plan that provides officers of Anthem, Inc. (the “Company”) with flexibility to tailor certain benefits to meet their needs with Credits.
Credits can be used to reimburse the following expenses:
Investment Management Fees
Financial Counseling Fees
Retirement Planning and Advice
Tax Preparation and Advice Fees
Legal Fees associated with:
Anthem compensation and/or benefits program review
Financial Counseling issues
Tax and Investment Software
Tax, Investment and Financial Subscriptions
The amount of Credits the executive receives is based upon his or her position.
Corporate Title Credits
Chief Executive Officer $54,000 per year
Executive Vice President $30,000 per year
Senior Vice President $12,000 per year
Vice President $12,000 per year
Those newly hired or promoted into an executive position will participate in the program at the beginning of the month following date of hire or promotion and will receive prorated credits for the year based on the number of full months in the position.