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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.
 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 2002, covered compensation for the individuals named in the table on
page 26 (Summary Compensation Table) is the same as the total of their salary and bonus amounts shown
in that table. As of February 14, 2003, the GE executive officers listed
had the following years of credited service with the company: Mr. Immelt,
20 years; Mr. Dammerman, 35 years; Mr. Wright, 34 years; Mr. Heineman, 15
years; and Mr. Rogers, 37 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.
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