Pensions in Fiscal
Details of the pension entitlements that
Mr. Arison participated in fiscal 2018 are set out in Total Pension Entitlements section.
Mr. Donald participated in the Carnival Corporation Fun Ship Savings plan, a qualified 401(k) plan (the 401(k) Plan) during fiscal 2018.
Under this plan, employee contributions are capped at the U.S. Internal Revenue Service (IRS) prescribed limits, with an employer matching contribution of up to 50% of this level possible), all of which is subject to discrimination
testing. Carnival Corporation also operates a profit sharing arrangement under which participants who are deemed highly compensated employees under IRS regulations are paid the equivalent of their annual matching award (less any
amount actually contributed by Carnival Corporation to the 401(k)
Plan on their behalf as a matching contribution) and profit sharing contribution as additional cash compensation. This is currently set according to a prescribed scale as set out in the Pension Benefit in Fiscal 2018 section of the Proxy
Pensions in Fiscal 2019
No material changes to the
arrangements are anticipated for 2019.