Employees are generally eligible to retire with unreduced benefits under Company retirement plans at age 60 or later, and with social security benefits at age 62 or later. The approximate annual retirement benefits provided under Company retirement plans and social security for GE employees in higher salary classifications retiring directly from the Company at age 62 or later are shown in the table below.

Estimated Total Annual Retirement Benefits Under the GE Pension Plan, the GE Supplementary Pension Plan, the GE Excess Benefit Plan and Social Security

Amounts shown as “earnings credited for retirement benefits” in this table represent the average annual covered compensation paid for the highest 36 consecutive months out of the last 120 months prior to retirement. For 2000, covered compensation for the individuals named in the table on page 22 is the same as the total of their salary and bonus amounts shown in that table. As of February 9, 2001, the GE executive officers listed had the following years of credited service with the Company: Mr. Welch, 40 years; Mr. Dammerman, 33 years; Mr. Wright, 32 years; Mr. Immelt, 18 years; and Mr. Heineman, 13 years. The approximate annual retirement benefits provided under Company retirement plans are payable in fixed monthly payments for life, with a guaranteed minimum term of five years.