Amendment 2002-1 to Southern California Edison Company Executive Retirement Plan

Summary

This amendment updates the Southern California Edison Company Executive Retirement Plan, effective January 1, 2003. It allows participants, if they make an election at least 90 days before retirement, to choose how their retirement benefits are paid: as a single lump sum, or in monthly installments over either 60 or 120 months. The calculation of payments will use a specified interest rate and mortality table. The amendment is signed by the company's Vice President.

EX-10.10.2 6 exh101003.htm AMENDMENT TO EXECUTIVE RETIREMENT PLAN 2002-1 Exhibit 10.10.2 Executive Retirement Plan Amendment 2002-1

 SOUTHERN CALIFORNIA EDISON COMPANY EXECUTIVE RETIREMENT PLAN AMENDMENT 2002-1 Section 4.01(b) of the Executive Retirement Plan is amended to read as follows effective January 1, 2003: 4.01 Forms of Benefit Payment (b) If, at least 90 days prior to his or her Retirement, the Participant elects an alternative form of payout, upon Retirement by the Participant (either early or normal Retirement), the value of his or her benefits payable under this Plan as of the date of Retirement will be paid in the manner elected by the Participant in (i) a single lump-sum payment calculated using the rate of interest determined pursuant to Section 4.02, and based upon the mortality table prescribed in Revenue Ruling 2001-62, (ii) in monthly installments (of principal, plus interest) over a period of 60 months, or (iii) in monthly installments (of principal, plus interest) over a period of 120 months. Southern California Edison Company /s/ Frederick J. Grigsby, Jr. ---------------------------------------- Frederick J Grigsby, Jr., Vice President