SAVINGS INSTITUTE BANK AND TRUST COMPANY SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN
(as amended and restated effective December 20, 2006)

The purpose of the Savings Institute Bank and Trust Company Supplemental
Executive Retirement Plan is to provide Participants with supplemental
retirement benefits in addition to those otherwise provided to employees of the
Savings Institute Bank and Trust Company.

The Plan is an unfunded plan maintained for the purpose of providing deferred
compensation for selected officers of the Bank, each of whom is a member of a
select group of management or highly compensated employees for purpose of Title
I of the Employee Retirement Income Security Act of 1974, as amended.

The Plan, originally adopted effective June 17, 2003 (the "Effective Date"), is
hereby amended and restated effective December 20, 2006.

ARTICLE I DEFINITIONS

For purposes of the Plan, the following words and phrases shall have the
meanings indicated, unless the context clearly indicates otherwise.

1.1 Accrued Liability Balance means the amount equal to a Participant's accrued
benefit, which is or which should have been reflected as a liability on the
Bank's financial statements during the period beginning with the Effective Date
of the Plan and ending on the Participant's date of death or termination of
employment without Cause; provided, however, that for the year in which the
Participant dies or terminates employment, such amount shall be adjusted upwards
to reflect the accruals during the period since the Bank's most recent financial
statements.

1.2 Administrator means the Human Resources Committee of the Board of Directors
of the Bank.

1.3 Bank is the Savings Institute Bank and Trust Company, Willimantic,
Connecticut

1.4 Beneficiary shall mean those persons designated by the Participant to
receive benefits under the Plan upon the death of the Participant.

1.5 Board shall mean the Board of Directors of the Savings Institute Bank and
Trust Company.

1.6 Cause means termination of employment because of the Participant's personal
dishonesty, incompetence, willful misconduct, breach of fiduciary duty involving
personal profit, intentional failure to perform stated duties, willful violation
of any law, rule or regulation (other than traffic violations or similar
infractions) or a final cease-and-desist order.

1.7 Change In Control. For purposes of this Plan, the term "Change of Control"
means any of the following events:

(a)
Merger: The Company merges into or consolidates with another corporation, or
merges another corporation into the Company, and as a result less than a
majority of the combined voting power of the resulting corporation immediately
after the merger or consolidation is held by persons who were stockholders of
the Company immediately before the merger or consolidation.·

(b) Acquisition of Significant Share Ownership: There is filed or required to be
filed a report on Schedule 130 or another form or schedule (other than Schedule
130) required under Sections 13(d) or 14(d) of the Securities Exchange Act of
1934, if the schedule discloses that the filing person or persona acting in
concert has or have become the beneficial owner of 25% or more of a class of the
Company's voting securities, but this clause (b) shall not apply to beneficial
ownership of Company voting shares held in a fiduciary capacity by an entity of
which the Company directly or indirectly beneficially owns SO% or more of its
outstanding voting securities.

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(c) Change in Board Composition: During any period of two consecutive years,
individuals who constitute the Company's Board of Directors at the beginning of
the two-year period cease for any reason to constitute at least a majority of
the Company's Board of Directors; provided, however, that for purposes of this
clause (iii), each director who is first elected by the board (or first
nominated by the board for election by the stockholders) by a vote of at least
two-thirds (2/3) of the directors who were directors at the beginning of the
two-year period shall be deemed to have also been a director at the beginning of
such period; or

(a)Sale of Assets: The Company sells to a third party all or substantially all
of its assets.

Notwithstanding anything in this Plan to the contrary, in no event shall the
reorganization of the Bank from the mutual holding company form of organization
to the full stock holding company form of organization (including the
elimination of the mutual holding company) constitute a Change in Control under
this Plan.

1.8 Code means the Internal Revenue Code of 1986, as amended

1.9 Company shall mean SI Financial Group, Inc., a federally chartered
corporation.

1.10 Contingent Disability Trust means a trust created for the benefit of a
Participant in circumstances set forth in Section 3.4(E).

1.11 Compensation shall have the same meaning as under the Bank's 40l(k) Plan at
the time the amount of a Participant's benefit is being determined; provided,
however, that Compensation shall be determined without regard to any limitation
on the maximum dollar amount of compensation taken into account under the Bank's
401(k) Plan pursuant to Internal Revenue Code Section 401(a)(l 7) or any similar
provision of law.

1.12 Disability means a Participant's inability to perform substantially all
normal duties of a Participant, as determined by the Administrator in its sole
discretion. As a condition to any benefits, the Bank may require the executive
to submit to such physical or mental evaluations and tests, as the Administrator
deems appropriate.

1.13 Eligible Employee means one of a select group of management and highly
compensated employees of the Bank designated by the Administrator as a
Participant in the Plan or identified in Appendix A as a Participant.

1.14 Final Average Compensation means the average of a Participant's three (3)
highest years of Compensation for the calendar years preceding his termination
of employment.

1.15 Normal Retirement Age shall mean the attainment of age 65 or when the sum
of the Participant's age and Years of Service total at least 80.

1.16 Participant means an Eligible Employee who has been selected by the
Administrator to participate in the Plan or who is identified in Appendix A.

1.17 Plan shall mean this Savings Institute Bank and Trust Company Supplemental
Retirement Plan, as amended and restated.

1.18 Section 409A shall mean Section 409A of the Internal Revenue Code and all
regulations, rulings and guidance issued thereunder.

1.19 Year(s) of Service means each twelve (12) month period during which the
Executive is employed on a full-time basis by the Bank, beginning on the
Executive's date of hire.

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ARTICLE 2
ELIGIBILITY

2.1 Selection of Participants. After the effective date, an Eligible Employee
shall become a Participant in the Plan only upon his selection by the
Administrator. The Administrator shall give each Participant written notice of
the commencement of his participation in the Plan. The initial Participants as
of the effective date are identified in Appendix A to the Plan.

2.2 Entitlement to Benefits. Except to the extent provided in Sections 3.3, 3.4
and 3.5, a Participant shall become entitled to receive a benefit under the Plan
only if his employment with the Bank terminates for reasons other than Cause
after attaining Norman Retirement Age. Notwithstanding anything in this Plan to
the contrary, no benefit shall be payable to a Participant whose employment is
terminated for Cause.

ARTICLE 3
SUPPLEMENTAL RETIREMENT BENEFITS
 

3.1 Basic Benefit. Subject to the succeeding provisions of this Article, a
Participant shall be entitled to an annual benefit equal to fifty-five percent
(55%) of his Final Average Compensation upon the Participant's termination of
employment (other than for Cause) after attaining Normal Retirement Age. Such
benefit shall be paid in accordance with the Participant's election under
Section 3.6 at the time specified in Section 3.7

3.2 Reserved.

3.3 Early Retirement Benefit. If a Participant's termination of employment
occurs prior to a date when the Participant is eligible to receive a benefit
determined under Section 3.1, the Participant's benefit shall equal the dollar
amount of the Participant's benefit determined under Section 3.1 reduced by 2%
for each point by which the sum of the Participant's age and Years of Service is
less than 80. Such benefit shall be paid in accordance with the Participant's
election under Section 3.6 at the time specified in Section 3.7.

3.4 Death and Disability Benefits.
A.
Death During Active Service. If a participant dies while actively employed by
the Bank, the Bank shall pay to the Beneficiary the benefit described in this
section 3.4(A).

(i)
Amount of Benefit. Subject to Section 3.4(A)(ii), the benefit payable under
Section 3.4(A) is the Participant' s Accrued Liability Balance as of the date of
the Employee's death.

(ii)
Payment of Benefit. The Bank shall pay the benefit under this Section 3.4(A) to
the Beneficiary in a lump sum within 30 days of the Participant' s death.

(iii)
Limitation on the Section 3.4(A) Benefit. Notwithstanding anything in this Plan
to the contrary, the sum of (x) the benefit otherwise payable to a Participant
under this Section 3.4(A) and (y) the Participant's Considered Split Dollar
Benefit (as defined below) shall not exceed the amount set forth for the
Participant in Column A of Schedule A to this Plan. In the event that the sum of
(x) and (y) above exceed the Participant's Column A amount, the benefit payable
under (x) (i.e., the Section 3.4(A) benefit) shall be reduced (but not below
zero) to the extent necessary to satisfy to the greatest extent possible the
limitation of this Section 3.4(A)(iii). For purposes of this Plan, a
Participant's "Considered Split Dollar Benefit" shall mean the amount by which
the benefit payable to a Participant under any split dollar agreement in effect
between the Participant and the Bank on the Participant's date of death exceeds
the amount set forth for the Participant in Column B of Appendix A.

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B.
Death During Benefit Period. If a Participant dies after benefit payments have
commenced or the Participant's entitlement to a benefit has been established by
reason of his termination of employment but prior to the time payments have
commenced, the Bank shall pay to the Beneficiary the benefit described in this
Section 3.4(B).

(i)
Amount of Benefit. Subject to Section 3.4(B)(i), the benefit payable under
Section 3.4(B) is the Participant's Accrued Liability Balance as of the date of
the Participant's death.

(ii)
Payment of Benefit. The Bank shall pay the benefit under this Section 3.4(B) to
the Beneficiary in a lump sum within 30 days of the Participant' s death.

(iii) Limitation on the Section 3.4(B) Benefit. Notwithstanding anything in this
Plan to the contrary, the benefit otherwise payable to a Participant under
Section 3.4(B) shall be reduced dollar-for-dollar by the amount of the
Participant's Considered Post-Termination Split Dollar Benefit. For purposes of
this Agreement, a Participant's "Considered Post­-Termination Split Dollar
Benefit" shall mean the amount by which the benefit payable to a Participant
under any split dollar agreement in effect between the Participant and the Bank
on the Participant's date of death exceeds three (3) times the Participant's
Final Average Compensation.

C.
Each Participant may, on a form prescribed by and filed with the Administrator,
designate a Beneficiary to receive any death benefit payable under this section.
If no effective Beneficiary designation is on file at the time of the
Participant's death, the death benefit under this section shall be paid as
follows:

(1)    To the Participant's surviving spouse, or

(1)
If no spouse survives, to the Participant's surviving children in equal shares,
with the descendants of a child who has predeceased the Participant taking such
child's share by representation; or

(2)
If none of the Participant's spouse and descendants is living, to the

representative of the Participant's estate.

D.
The automatic Beneficiaries set forth in Subsection C and, except as otherwise
provided in the Participant's duly filed beneficiary designation, the
Beneficiaries named in such designation. shall become fixed at the Participant's
death so that if a Beneficiary survives the Participant but dies before final
payment of the death benefit, any remaining death benefits shall be paid to the
representative of such Beneficiary's estate.

E.
Disability. Notwithstanding anything in this Plan to the contrary, in the event
a Participant terminated employment with the Bank due to a Disability, the
following shall apply with respect to benefits payable under the Plan:

(i)
Disability Benefit Upon Termination of Employment Prior to Normal Retirement
Age. Upon a Participant's termination of employment due to a Disability before
the Participant is eligible to receive a benefit determined under Section '3.1,
the Bank shall deposit into the Participant's Contingent Disability Trust the
Accrued Liability Balance with respect to such Participant Except as provided in
clause (iii) this 3.7 (E), no further benefits shall be payable to the
Participant under this Plan during the period of Disability.

(ii)
Continuing Disability. If the Participant remains disabled on the earlier date
he otherwise would have been eligible for a benefit under Section 3.1, the
Participant's participation in this Plan shall cease, and the Participant shall
not be entitled to further benefits under the Plan.

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(iii) Return to Employment Following Disability. In the event the Participant
returns to employment following a period of Disability, the Participant's
benefit upon a subsequent termination of employment, if any, shall be reduced by
amounts payable from the Participant's Contingent Disability Trust in accordance
with its terms.

3.5 Change in Control Benefit. If a Participant terminates employment with the
Bank following a Change in Control (as such event is defined under Section 409A
of the Code and the regulatory guidelines issued thereunder) (other than for
Cause), there shall be paid to the Participant the amount set forth for the
Participant in Column C of Schedule A of this Plan in lieu of any other benefit
payable under the Plan. The Bank shall pay the benefit under this Section 3.5 to
the Participant in a lump sum within 30 days of the Participant's termination of
employment.

3.6 Form of Benefit. Upon a Participant's entitlement to a benefit under
Sections 3.1 or 3.3, the Participant's benefit shall be paid in the form of (i)
a single life annuity with 15 annual payments guaranteed or (ii) a lump sum
which is actuarially equivalent to the annuity form of payment as designated by
the Participant on an election form designated by the Bank for such purpose.
Changes in the form of benefit payment shall be permitted during the
Participant's employment if the new election complies in all respect to Section
409A of the Code. The 409A requirements include: (1) the subsequent election
will not take effect for at least 12 months from the date on which the
subsequent election is made; and (2) commencement of payments will be delayed
for at least five (S ) years from the date payment were otherwise scheduled to
commence under the Plan. A participant will not be able to change his or her
form of past following the Participant's termination of employment.

3.7 Time of Payment. Benefit payments made to a Participant pursuant to Sections
3.1 or 3.3 shall commence in accordance with the Participant's election not
later than 60 days following the Participant's termination of employment. A
Participant may defer the commencement of benefit payment otherwise payable at
the time specified in the Participant's election to a later date, provided the
new election complies in all respects to Section 409A of the Code, including the
following requirements: (1) the subsequent election will not take effect for at
least 12 months from the date on which the subsequent election is made; and (2)
commencement of payments will be delayed for at least five (S ) years from the
date payment were otherwise scheduled to commence under the Plan. All
distribution elections are irrevocable beginning one (1) calendar year prior to
the scheduled payment commencement date.

3.8 Payment in the event of Incapacity or Minority. If the Administrator, in its
discretion, determines that any person entitled to receive any payment under
this Plan is physically, mentally or legally incapable of receiving or
acknowledging receipt of payment, and no legal representative has been appointed
for such person, the Administrator in its discretion may (but shall not be
required to) cause any sum otherwise payable to such person to be paid to such
one or more as may be chosen by the Administrator from among the following: the
institution maintaining such person, such person's spouse, children, parents or
other relatives by blood or marriage, a custodian under any applicable Uniform
Transfers to Minors Act or any other person determined by the Administrator to
have incurred expense for such person. The Administrator's payment based upon
its good faith determination of the incapacity of the person otherwise entitled
to payments under this Plan and the existence of any other person specified
above shall be conclusive and binding on all persons. Any such payment shall be
a complete discharge of the liabilities of the Bank under this Plan to the
extent of such payment.

ARTICLE 4 SOURCE OF BENEFITS
4.1 Employer Funds. This Plan is unfunded, and all benefits payable to
Participants and beneficiaries shall be payable solely from the general assets
of the Bank. No Participant shall be required or permitted to make any
contribution to the Plan.

4.2 Trust Fund. The Bank may establish a trust from which part or all of the
benefits under the Plan are to be paid. life trust is established, all of the
principal and income of such trust shall remain subject to the claims of the
Bank's creditors until applied to the payment of benefits.

4.3 Participant's Right to Funds. This Plan constitutes a mere promise by the
Bank to make benefit payments in the future. Beneficial ownership of any assets,
whether cash or investments, that the Bank may earmark or place in trust to pay
the Participants' benefits under this Plan shall at all times remain in the
Bank, and no Participant

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or Beneficiary shall have any property interest in any specific assets of the
Bank. To the extent a Participant or any other person acquires 1 right to
receive payments from the Bank under this Plan, such right shall be no greater
than the right of any unsecured general creditor of the Bank.

ARTICLE 5 ADMINISTRATION

5.1 Administrator. The Administrator of the Plan may delegate any of its
administrative functions to another person,subject to revocation of such
delegation at any time.

5.2 Discretion. The Administrator shall have the discretionary power and
authority to determine the individuals who shall become Participants in the
Plan. The Administrator shall also have the discretionary power and authority,
which it shall exercise in good faith, to determine whether a Participant is
entitled to a benefit under the Plan, the identity of a Participant's
Beneficiary, and the amount and form of the benefit payable to any Participant
or Beneficiary. The Administrator shall have the discretion and authority to
interpret the Plan and to make such rules and regulations as it deems necessary
for the administration of the Plan and to carry out its purposes. The
determinations of the Administrator shall be conclusive and binding on all
persons.

5.3 Determination of Benefit. The Administrator's good faith determination of
the benefits to which a Participant, surviving spouse, or Beneficiary is
entitled under this Plan shall be conclusive and binding on all persons;
provided, however, that this provision shall not preclude the Administrator's
correcting any error the Administrator determines to have been made in the
computation of any benefit. The Administrator shall be entitled to recover from
any Participant or Beneficiary, or from his estate, the amount of any
overpayment of benefits and may reduce the amount of future benefits payable to
any Participant or Beneficiary by the amount of any overpayment made with
respect to the Participant.

5.4 Benefit Claim Procedure. Within a reasonable period of time following a
Participant's termination of employment, the Administrator will inform the
Participant or the Beneficiary of a deceased Participant of the amount of
benefits, if any, payable from the Plan. Not later than 30 days after receipt of
such notification, the Participant or Beneficiary may file with the
Administrator a written claim objecting to the amount of benefits payable under
the Plan. The Administrator, not later than 90 days after receipt of such claim,
will render a written decision to the claimant on the claim. If the claim is
denied, in whole or in part, such decision will include the reason or reasons
for the denial, a reference to the Plan provision that is the basis for the
denial, a description of additional material or information, if any, necessary
for the claimant to perfect the claim, an explanation as to why such information
or material is necessary and an explanation of the Plan's claim procedure. The
claimant may file with the Administrator, not later than 60 days after receiving
the Administrator's written decision, a written notice of request for review of
the decision, and the claimant or the claimant's representative may review Plan
documents which relate to the claim and may submit written comments to the
Administrator. Not later than 60 days after receipt of such review request, the
Administrator will render a written decision on the claim, which decision will
include the specific reasons for the decision, including a reference to the
Plan's specific provisions where appropriate. The foregoing 90- and 60-day
periods during which the Administrator must respond to the claimant may be
extended by up to an additional 90 or 60 days, respectively, if special
circumstances beyond the Administrator's control so require.

5.5 Indemnification. The Bank shall indemnify the Administrator and each other
person to whom administrative functions are delegated against any and all
liabilities that may arise out of their administration of the Plan, except those
that are imposed on account of such person's willful misconduct.

5.6 Limitation of Authority. No person performing any administrative functions
with respect to the Plan shall exercise, or participate in the exercise of, any
discretion with respect to his own benefit under the Plan. This provision shall
not preclude such person from exercising discretionary authority with respect to
the generally applicable provisions of the Plan, even though such person's
benefit may be affected by such exercise.

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ARTICLE 6
MISCELLANEOUS

6.1 Actuarial Equivalency . Whenever an actuarial equivalent must be determined
under this Plan, it shall be determined using reasonable actuarial factors
elected by the Administrator.

6.2 Termination of Employment. A Participant shall be deemed to have terminated
employment for purposes of this Plan when he or she has ceased to provide
service to the Bank as an employee.

6.3 Reserved.

6.4 No Employment Rights. Nothing contained in this Plan shall be construed as
conferring upon any employee the right to continue in the employ of the Bank.

6.5 No Compensation Guarantees. Nothing contained in this Plan shall be
construed as conferring upon any employee the right to receive any specific
level of compensation; nor shall the Bank be prevented in any way from modifying
the manner or form in which the employee is to be compensated.

6.6 Effect on Benefit Plans. Neither benefits accrued by a Participant under
this Plan, nor amounts paid pursuant to the Plan following the Participant's
termination of employment shall be deemed to be salary or other compensation to
the Participant for the purpose of computing benefits to which he or she may be
entitled under any pension plan or other employee benefit plan or arrangement
sponsored by the Bank, except to the extent such other plan expressly provides
otherwise.

6.7 Rights and Benefits Not Assignable. The rights and benefits of a Participant
and any other person or persons to whom payments may be made pursuant to this
Plan arc personal and, except for payments made to the representative of a
person's estate which may be assigned to the persons entitled to such estate,
shall not be subject to any voluntary or involuntary anticipation, alienation,
sale, assignment, pledge, transfer, encumbrance, attachment, garnishment by
creditors of the Participant or such person or other disposition.

6.8 Amendment and Termination.

A.
The Board of Directors of the Bank may amend this Plan in such manner as it
deems advisable, provided that no amendment shall reduce the accrued benefit of
any Participant, determined as of the date of the adoption of such amendment.

B.
The Bank may terminate this Plan at any time. No person shall accrue any
additional benefits under the Plan following the date of its termination.
However, the termination of the Plan shall not affect a Participant's right to
receive payment of his accrued benefit (determined as of the date of the Plan's
termination) upon termination of employment; provided the Participant would have
been entitled to a benefit upon termination of employment if the Plan had not
been terminated.

C. For purposes of this Section 6.8, a Participant's accrued benefit shall mean
10% percent of the annual benefit the Pa1ticipant would be entitled to receive
at age 65 (assuming his continued employment to such date) for each completed
Year of Service. Such benefit shall be determined by projecting the
Participant's Final Average Compensation to age 65.

6.9 Governing Law. Except to the extent preempted by federal law, this Plan
shall be construed in accordance with, and governed by, the laws of the State of
Connecticut without regard to rules relating to choice of law.

6.10 Entire Agreement. This Plan constitutes the entire understanding between
the Bank and each Participant as to the subject matter hereof. No rights are
granted to a Participant by virtue of this Agreement other than those
specifically set forth herein.

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ARTICLE 7
SPECIAL TRANSITION RULES RELATING TO SECTION 409A OF THE CODE

The Bank intends this Plan to conform in all respects with Section 409A of the
Code in both form and operation. Notwithstanding any other provision in this
Plan, the Bank reserves the right to amend any provisions of the Plan or take
any other action the Board deems appropriate to ensure compliance with Section
409A, including uttering the time and forms of any distributions under the Plan
.

IN WITNESS WHEREOF, the Bank and Executive sign this amended and restated Plan
as of the dates indicated below:

SAVINGS INSTITUTE                                EXECUTIVE

By: /s/ Brian Hull                                /s/ Rheo A Brouillard

Title: Chief Financial Officer                            Rheo Brouillard

Date: 12/29/06                                    12/29/06

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APPENDIX A
Participant Name Column A            Column B        Column C
Rheo A. Brouillard              $2,200,000        $1,450,000        $2,200,000

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ACCEPTANCE AND BENEFICIARY DESIGNATION
I, RHEO A. BROUILLARD, hereby designate FAITH A. BROUILLARD as direct
beneficiary and SAVINGS INSTITUTE BANK & TRUST UNDER INDENTURE OF RHEO A.
BROUILLARD as contingent beneficiary of the [portion of] benefits payable under
the terms of the Plan.
Signed at Willimantic, Connecticut, this 29th day of 2006.
/s/ Rheo A. Brouillard    

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FORM OF BENEFIT

In accordance with Section 3.6 of the Plan, I hereby elect to have my benefits
under the Plan payable in the form of a:
☒    Single life annuity, with 15 annual payments guaranteed. Lump sum
☐    Lump sum payment.