Pension Benefit Confirmation Letter to Stephen B. Bram from Consolidated Edison Solutions
This letter from Consolidated Edison Solutions to Stephen B. Bram confirms that, while employed by CES, he will continue to earn pension credits under the Consolidated Edison Retirement Plan and the Supplemental Retirement Income Plan. His service years and compensation at CES will count toward his pension, which will be calculated and paid according to the rules for Officers of Consolidated Edison Company of New York, Inc. The letter outlines the continuation of his retirement benefits during his employment with CES.
Exhibit 10.4
Eugene R. McGrath
Chairman of the Board
July 27, 2005
Mr. Stephen B. Bram
9 Irene Court
Edison, NJ 08820
Dear Mr. Bram:
As Group President, Energy and Communications, you became an employee of Consolidated Edison Solutions (“CES”) effective January 1, 2003. This will confirm that while you are employed by CES, you will continue to accrue pension credit under the Consolidated Edison Retirement Plan (the “Retirement Plan”) and the Consolidated Edison Company of New York, Inc. Supplemental Retirement Income Plan (the “SRIP”). Your years of service and compensation earned as an employee of CES will be included in determining your pension benefits. When you decide to retire, your pension will be calculated under the formulas and benefit provisions applicable to Officers of Consolidated Edison Company of New York, Inc. Your pension will be paid under the Retirement Plan and the SRIP.
Sincerely,
/s/ Eugene R. McGrath
