Company: BA
Filing Date: 2025-03-07
Form Type: DEF 14A
Source: 0001193125-25-049921
Chunk: 82

Company: BOEING CO
Filing Date: 2025-03-07
Form: DEF 14A
Chunk 82
---
 as a single life annuity beginning at age 65 for the PVP and PVP restoration benefit payable from SERP applicable to Mr. Gerry and age 62 for the DB SERP supplemental target benefit. The discount assumption is 5.55% for the PVP and 5.53% for the DB SERP. The post-retirement mortality assumption is Boeing specific mortality for the PVP and DB SERP. To determine changes in pension values for the Summary Compensation Table on page 71, the values of these benefits were also calculated as of December 31, 2023. For the values as of December 31, 2023, the discount assumption was 5.04% for the PVP and 5.02% for the DB SERP, which were the assumptions used for financial reporting purposes for 2023. Other assumptions used to determine the value as of December 31, 2023, were the same as those used for December 31, 2024. The assumptions reflected in this footnote are the same as those used for the PVP and the DB SERP for financial reporting purposes. |

The amount of the PVP benefit is based on the participant’s pay and service through the end of 2015. PVP participants earned annual benefit credits prior to the ceasing of accruals. Interest credits on the account balance continue to be applied based on the yield of the 30-yearU.S. Treasury bond in effect during November of the previous year, except that the rate may not be lower than 5% or higher than 10%. Normal retirement age under the PVP is 65, and pension benefits vested after three years of service. Several forms of payment are available to participants, including a single lump sum. To determine a participant’s annual pension benefit upon retirement from the Company, the participant’s accumulated benefit credits are divided by a conversion factor of 11. Participants who have at least ten years of service and are at least age 55 (including Messrs. Raymond and Deal), or at least one year of service and are at least age 62, are eligible for early retirement. In addition, those who are at least age 50 with a prior benefit in the PVP from the McDonnell Douglas Salaried Employee Retirement Income Plan (ERIP) and who have at least 30 years of service (including Ms. Pope) are eligible for early retirement. Enhanced early retirement benefits are available to participants on amounts that accrued during 2014 and 2015