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    Steel Pensions

    Pfizer is named after German-American cousins Charles Pfizer and Charles Erhart wholaunched their chemicals business Charles Pfizer and Companyfrom a building in Williamsburg, Brooklyn in 1849.

    Pfizer has since grow to be the world's largest pharmaceutical company. It produces the number-one selling drug Lipitor atorvastatin, used to lower blood cholesterol); the oral antifungal medication Diflucan, the long-acting antibiotic Zithromax, the well-known erectile dysfunction drug Viagra, and the anti inflammatory Celebrex.

    With 2005 actual spending of $7.4 billion in research & development (R&D), Pfizer boasts the industry's largest pharmaceutical R&D organization.

    Determining the Health of Your Pension

    For the Pfizer Retirement Annuity Plan, we included the following factors:

    A
    % Change - Is your plan growing or shrinking?
    B
    % Active - How many members in your pension plan are active contributors?
    C
    Assets divided by Liability - Perhaps the single best indicator of your plan's health.
    D
    Has your plan been given a funding waiver?  Could be a Warning Sign.
    E
    How much of the value of your plan is coming in via contributions?
    F
    Expenses to Income ratio helps show how efficiently your plan is being managed.
    G
    The presence of related party transactions has been a warning sign in the past.
    H
    Potential red flag - minimum funding waiver used in the past
    I
    Potential red flag - Was the minimum fund contribution made?
    J
    Potential red flag - Has there been a change in the actuarial cost method?

    Pension Form 5500

    Data comes from the most recent Pfizer Retirement Annuity Plan Form 5500 (Year: 2004) found at www.freeERISA.com. If you have questions or concerns, the best person to ask is your Plan Administrator or your financial advisor.

     # of Participants 
    A
    B
    Beg.of Yr.
    End of Yr.
    % Change
    % Actives
    39,130
    41,106
    5.05%
    64.2%

    Actuarial Value of Assets
    Current Liability
    C
      D
    Assets/ Liability
    Funding Waiver?
    Yes
    No
    $ 2.2 B
    $ 1.7 B
    125%
    X

     Total Contribution
    E
     Total Income 
    Total Expenses
    F
    Contribution to Value %
    Expense to Income Ratio
    $ 0
    0.0%
     $  230.5 M
      $ 133.8 M 
    58.0%

    G
    H
    Related Party Trx?
    Min. Funding Waiver?
    Yes
    No
    Yes
    No
     
    X
     
    X

    I
    J
    > Min.Contribution?
    Change in Cost Method?
    Yes
    No
    Yes
    No
    X
       
    X

    Please let us know if you have any questions, if you find this guide useful, or if you have any suggestions to help improve it.

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