Page 65 - MIC 2014 - English

Defined Benefit Plans. The following table summarizes the retirement income of each of the Named Executive Officers

under the defined benefit provisions of Suncor’s pension arrangements. Mr. Jackman’s information reflects his actual
pension, determined at the date of his retirement and which is secured by a letter of credit held by a trust.

Annual Benefits
Payable(2)
Defined Defined
Benefit Benefit
Obligation as Number of As at Non- Obligation as
at January 1, years December 31, Compensatory compensatory at December 31,
2013(3) credited 2013 At age 65 change(4) change(5) 2013(3)
(1)
($)
Name
service($)
($)
($)
($)
($)
12
S.W. WILLIAMS
1 106 956
1 106 054
18 715 374
(164 215)
(738 714)
17 812 445
.......................................................................................................................................................................................................................................................
S.D.L. REYNISH 2 86 391 443 063 336 576 368 611 265 835 971 022
.......................................................................................................................................................................................................................................................
B.W. DEMOSKY 8 216 777 — 2 805 502 622 585 (1 582 056) 1 846 031(6)
.......................................................................................................................................................................................................................................................
M.S. LITTLE 5 244 833 477 705 3 095 526 812 285 (412 526) 3 495 285
.......................................................................................................................................................................................................................................................
M.R. MACSWEEN 18 216 476 512 442 3 286 661 749 685 (880 082) 3 156 264
.......................................................................................................................................................................................................................................................
B.J. JACKMAN 31 448 584 — 7 889 400 134 100 (730 500) 7 293 000(7)

(1) For Messrs. Demosky and MacSween, credited service reflects executive employment plus three and 15 years of service, respectively, accrued under the
Suncor Energy Pension Plan prior to becoming an executive. For Mr. Jackman, credited service includes ten years of industry service granted at date
of hire.
(2) Represents the estimated annual pension, excluding any employee paid ancillary benefits, where applicable, that would be received by the Named

Executive Officer upon retirement at December 31, 2013 and at age 65 based on actual or projected pensionable service to the stated date and actual
pensionable earnings as at December 31, 2013.
(3) The defined benefit obligation is the estimated value of the pension obligation to the date indicated using the actuarial assumptions and methods that
are consistent with those used in determining the pension obligation as disclosed by Suncor in its consolidated financial statements. See note 23 in
Suncor’s consolidated financial statements for the year ended December 31, 2013. The methods and assumptions used to determine the estimated

amounts may not be identical to those used by other companies and as a result may not be directly comparable to the amounts disclosed by other
companies.
(4) Compensatory change represents the increase (decrease) in the pension obligation for 2013 related to the annual service cost, compensation changes
higher or lower than assumptions and the impact of plan changes, if any. This amount may fluctuate significantly from year-to-year as changes in

compensation impact the pension obligation for all years of credited service.
(5) Includes items such as interest on the obligation and the impact of changes in the discount rate assumption.
(6) Mr. Demosky resigned from Suncor effective December 27, 2013. His pension amount represents his pension determined at the date of his resignation,

payable at age 62 on an unreduced basis.
(7) Mr. Jackman retired from Suncor effective September 30, 2013. His pension at December 31, 2013 represents his pension determined at the date of
his retirement.

Defined Contribution Plans. Under the combination investment funds made available by the plan; an

provision of the Suncor Energy Pension Plan, applicable to employee’s investment return is based upon the market
Messrs. Williams, Reynish, Demosky, Little and MacSween, returns earned by each fund in which the employee has

Suncor makes contributions to the defined contribution chosen to invest his contributions. At retirement,
accounts for all employees of 1% of basic earnings, plus employees may transfer the balance of their accounts to a

up to an additional 1.5% of basic earnings on a 50% pension account as prescribed by law or the company may
matching basis, subject to maximum contribution levels.
purchase an annuity on behalf of the employee.

Under the Suncor Energy Pension Plan, employees may

invest the balance of their accounts in a broad range of

SUNCOR ENERGY INC. MANAGEMENT PROXY CIRCULAR 2014 63