New York Life Global Funding - Irish Stock Exchange

Participants whose total annual compensation is below the highly compensated threshold for 2011
(which, for example, was $110,000 in 2009 for contributions in 2010) may elect to make pre-tax
contributions in 2012 of up to 25% of benefits salary.
Also effective as of January 1, 2012, the EPSI Plan will be amended so that the employees of NYLIM and
New York Life Trust will no longer be eligible for an annual discretionary company contribution. The
employees of Institutional Capital LLC, MacKay Shields LLC, Madison Square Investors LLC, Madison
Capital Funding LLC, and NYLCAP Manager LLC, indirect wholly owned subsidiaries of the Company,
will continue to be eligible for a discretionary annual company contribution.
These changes are expected to result in higher Company matching contributions to the EPSI Plan in 2012
and beyond, with no other material financial impacts.
NOTE 14 – COMMITMENTS AND CONTINGENCIES
Support and Credit Agreements
On August 11, 2004, the Company entered into a Credit Agreement with NYLAZ, whereby NYLAZ is
able to borrow up to $10 million from the Company for short-term liquidity needs. During 2011, the
credit facility was not used, no interest was paid and there was no outstanding balance due.
The Company has a Credit Agreement with NYLIAC, dated September 30, 1993, as amended, whereby
NYLIAC may borrow from the Company up to $490 million. During 2011, the credit facility was not
used, no interest was paid and there was no outstanding balance due.
The Company has a Credit Agreement with NYLIAC, dated April 1, 1999, as amended, under which the
Company may borrow from NYLIAC up to $490 million. During 2011, the credit facility was not used,
no interest was paid and there was no outstanding balance due.
At December 31, 2011 and 2010, contractual commitments to extend credit under commercial mortgage
loan agreements totaled $141 million and $122 million, respectively, at both fixed and variable rates of
interest. These commitments are diversified by property type and geographic location. There were no
contractual commitments to extend credit under residential loan agreements as of December 31, 2011 and
2010.
At December 31, 2011 and 2010, the Company had outstanding contractual obligations to acquire
additional private placement securities amounting to $152 million and $204 million, respectively.
Unfunded commitments on limited partnerships, limited liability corporations and collateralized third
party loans amounted to $2,155 million and $2,077 million at December 31, 2011 and 2010, respectively.
Unfunded commitments on LIHTC amounted to $40 million and $34 million at December 31, 2011 and
2010, respectively.
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