Unassociated Document




Exhibit
10.10(b)




AMENDMENT
NO. 1

To
The

CIGNA
SUPPLEMENTAL PENSION PLAN

(Amended
and Restated effective August 1, 1998)




CIGNA
Corporation has retained the right to amend the CIGNA Supplemental Pension Plan
("Plan") under Article VI, Section 6.2 of the Plan, and CIGNA Corporation wishes
to amend the Plan's benefit payment provisions.




Therefore,
the Plan is amended, unless another date is indicated below, effective September
1, 1999 and only for Plan participants who have not as of that date terminated
employment with the Company, as follows:




1. Section
4.1(a) of Article IV of the Plan is entirely amended effective as of January 1,
1999 for all Participants, to read:




4.1 Standard
Form of Benefits





	
      (a)
	
      Except
      as provided in Section 4.2, the Supplemental Pension Benefit under Section
      3.1 shall be paid to the Participant in the form of a single lump sum in
      the January following Participant's severance from employment with the
      Company or, if later, the January following the year in which the
      Participant reaches age 55. 







2. Section
4.2(a) of Article IV of the Plan is amended by adding a new paragraph at the end
to read:




A
Participant may make a written request to the Plan Administrator for an Optional
Payment Method for 25%, 50%, 75% or 100% of his entire Supplemental Pension
Benefit (determined as of the date of participant's severance from employment).





3. Section
4.2(b) is entirely amended to read:





	
      (b)
	
      A
      Participant may request that the date of payment under Section 4.1 or the
      date payments begin under Section 4.2(a) be postponed to January of any
      later year, but no later than the year after the Participant reaches age
      70. A request for a postponed payment by a Participant who also requests
      an Optional Payment Method for 25%, 50% or 75% of his Supplemental Pension
      Benefit (or whose prior request for such an Optional Payment Method has
      been approved) will be approved only if the requested date of future
      payment under Section 4.1 is the same as the requested date future
      payments begin under Section 4.2(a).







4. Section
4.2(e) of Article IV of the Plan is entirely amended to read:





 



























	
      (e)
	
      A
      Participant may, before his termination of employment date, make a written
      request to the Plan Administrator for an Optional Payment Method for 25%,
      50%, 75% or 100% of his Supplemental Pension Benefit (determined as of the
      date of Participant's severance from employment), a change to another
      Optional Payment Method or a change to the standard single lump sum form
      of benefit under Section 4.1.







5. Section
4.3(b) of Article IV of the Plan is entirely amended to read:





	
      (b)
	
      The
      Supplemental Pre-Retirement Surviving Spouse Benefit shall be paid to the
      eligible Spouse as soon as practicable after the Participant's death. The
      form of payment shall be:








	
      
	
      (1)
	
      A
      single lump sum to the extent and in the same proportion that the
      Participant had not elected any Optional Payment Method under Section
      4.2(a);








	 	
      (2)
	
      Annual
      installments for the period selected by the Participant, to the extent and
      in the same proportion that the Participant had elected an Optional
      Payment Method under Section 4.2(a)(3); or




 



	 	
      (3)
	
      
      Annual
      installments for 15 years (with any remaining installments payable to the
      Spouse's Beneficiary if the Spouse dies before all installments are paid),
      to the extent and in the same proportion that the Participant elected an
      Optional Payment Method under Section 4.2(a)(1) or
    (2).





6. Section
4.4 of Article IV of the Plan is entirely amended to read:




If a Plan
B Participant dies before the Supplemental Pension Benefit payment has been made
under Section 4.1 (or before the date as of which payments have commenced under
Section 4.2), the Participant's Supplemental Pension Benefit shall be paid to
the Participant's Beneficiary as soon as practicable after the Participant's
death. The form of payment shall be:





	
      
	
      (1)
	
      A
      single lump sum to the extent and in the same proportion that the
      Participant had not elected any Optional Payment Method under Section
      4.2(a);








	
      
	
      (2)
	
      Annual
      installments for the period selected by the Participant, to the extent and
      in the same proportion that the Participant had elected an Optional
      Payment Method under Section 4.2(a)(3); or








	
      
	
      (3)
	
      Annual
      installments for 15 years (with any remaining installments payable to the
      Beneficiary’s Beneficiary if the first Beneficiary dies before all
      








 





2

















installments
are paid), to the extent and in the same proportion that the Participant elected
an Optional Payment Method under Section 4.2(a)(1) or (2).




7. Section
4.5 of Article IV of the Plan is amended by entirely replacing paragraphs (b)
and (c), and by adding at the end a new paragraph (d), to read:





	
      (b)
	
      To
      the extent a Plan A Participant has been paid a Supplemental Pension
      Benefit in the form of a single lump sum under Sections 4.1, 4.5(a) or
      4.6(b), or has received payments in the form of any Optional Payment
      Method under Section 4.2, and is later rehired by any Company, he shall
      not, upon subsequent Retirement or other termination of employment, be
      entitled to any additional Supplemental Pension Benefit under this Plan
      based upon any Credited Service used in the calculation of the initial
      Supplemental Pension Benefit payment. Furthermore, any Credited Service
      that is or would be disregarded under the preceding sentence in computing
      a Plan A Participant's Supplemental Pension Benefit shall also be
      disregarded in computing any benefits payable to Participant's Spouse
      under Sections 4.3 after Participant's
reemployment.








	
      (c)
	
      To
      the extent a Plan B Participant is paid a Supplemental Pension Benefit in
      the form of a single lump sum under Sections 4.1, 4.5(a) or 4.6(b) and is
      later rehired by any Company, he shall not, upon subsequent Retirement or
      other termination of employment, be entitled to any additional
      Supplemental Pension Benefit under this Plan based upon any Benefit
      Credits or Interest Credits used in the calculation of the initial
      Supplemental Pension Benefit payment. Furthermore, any Credits that are or
      would be disregarded under the preceding sentence in computing a Plan B
      Participant's Supplemental Pension Benefit shall also be disregarded in
      computing any benefits payable to Participant's Beneficiary under Section
      4.4 after Participant's reemployment.








	
      (d)
	
      If
      a Participant who has been paid a Supplemental Pension Benefit in the form
      of any Optional Payment Method under Section 4.2 is rehired by any
      Company, upon his subsequent Retirement or other termination of
      employment, the Plan Administrator shall reduce any additional
      Supplemental Pension Benefit then payable under this Plan to the extent
      the Participant received part of his Supplemental Pension benefit before
      his rehire. 







 

 

3