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Main Section Title [H1]
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Subsection Title [H2]
AFLAC INCORPORATED
2017 PROXY STATEMENT
54
2016 Summary Compensation T bles
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Nonqualified Deferred Compensation
Generally, no benefits are payable until the participant accumulates ten years of credited service at age 60,
or twenty years of credited service. Reduced benefits may be paid to a participant who retires (other than for
disability) before age 65 with less than twenty years credited service. The CEO has 43 years of credited service,
meaning he is fully vested for retirement benefits under the RPSO. The RPSO was frozen to new participants on
January 1, 2009.
All benefits under the RPSO are subject to annual cost-of-living increases as approved by the Compensation
Committee. Retired participants and their spouses also are entitled to receive full medical expense benefits for
their lifetimes. The benefits payable under the RPSO are not subject to Social Security or qualified Plan offsets.
2016 Pension Benefits
The following table provides certain information regarding the Company’s pension benefits at December 31, 2016,
and for the year then ended.
Name
Plan Name
Number of Years
Credited Service
(#)
Present Value of
Accumulated Benefit*
($)
Change from Prior
Year
($)
Payments During Last
Fiscal Year
($)
Daniel P. Amos
Retirement Plan for Senior Officers
Aflac Incorporated Defined Benefit Pension Plan
43
43
51,886,230
1,217,141
(1,367,308)
68,289
—
Frederick J. Crawford
Aflac Incorporated Defined Benefit Pension Plan
—
—
—
—
Kriss Cloninger III
Supplemental Executive Retirement Plan
Aflac Incorporated Defined Benefit Pension Plan
25
25
22,349,210
798,001
(312,810)
69,495
—
Paul S. Amos II
Supplemental Executive Retirement Plan
Aflac Incorporated Defined Benefit Pension Plan
12
12
6,489,736
280,054
1,362,728
40,031
—
Eric M. Kirsch
Aflac Incorporated Defined Benefit Pension Plan
5
133,497
36,505
—
* Assumed retirement age for all calculations was the earliest retirement age for unreduced benefits. Assumptions used to calculate pension benefits are
more fully described in Note 14, “Benefit Plans,” in the Notes to the Consolidated Financial Statements in the Company’s Annual Report on Form 10-K filed
with the SEC for the year ended December 31, 2016.
Nonqualified Deferred Compensation
The following 2016 Nonqualified Deferred Compensation table shows, for Messrs. Daniel P. Amos and Crawford,
Company contributions to, and earnings and account balances under, the Aflac Incorporated Executive Deferred
Compensation Plan (“EDCP”), an unfunded, unsecured deferred compensation plan.
2016 Nonqualified Deferred Compensation
Name
Executive Contributions
in Last Fiscal Year
($)
Registrant Contributions
in Last Fiscal Year
($)
Aggregate Earnings (Loss)
in Last Fiscal Year(3)
($)
Aggregate Withdrawals/
Distributions
($)
Aggregate Balance at Last
Fiscal Year-End
($)
Daniel P. Amos
(1)
—
441,100
335,309
—
6,194,606
Frederick J. Crawford
(2)
—
315,105
—
—
315,105
Kriss Cloninger III
—
—
—
—
—
Paul S. Amos II
—
—
—
—
—
Eric M. Kirsch
—
—
—
—
—
(1) The $441,100 deferred compensation for Mr. Daniel P. Amos is included in the Summary Compensation Table for the current year. Additionally, previous
years’ deferrals included in the Aggregate Balance column were reported as compensation in prior periods.
(2) The $315,105 deferred compensation for Mr. Crawford represents unvested Company-funded executive employer contributions in the amount of 15% of
Mr. Crawford’s annual compensation (base salary plus MIP). The funds for 2016 will be credited to the EDCP in March 2017. This is an annual contribution
approved by the Compensation Committee since Mr. Crawford is not eligible to participate in the Pension Plan or SERP. Annual contributions will be 100%
vested on the earlier of (i) the later of 15 years of employment or 5 years participation, (ii) age 65, (iii) change in control, (iv) death, or, (v) disability. The
amount shown in the table is included in the Summary Compensation Table for the current year in the All Other Compensation column.
(3) The Company does not pay or credit above-market earnings on amounts deferred by or on behalf of executives.