Report on Directors’ Remuneration  | continued Pension entitlements – defined benefit Increase in accrued personal pension during 2012  (i) Transfer value of increase in dependants’ pension  (i) Total accrued personal pension at year-end  (ii) €000 €000 €000 Executive Directors M. Carton  -   10   266  M. Lee  -   -   287  A. Manifold  -   23   273  (i)  As noted on page 60, the pensions of Myles Lee, Albert Manifold and Maeve Carton have been capped in line with the provisions of the Irish Finance Acts. However,  dependants’ pensions continue to accrue resulting in Greenbury transfer values which have been calculated on the basis of actuarial advice. These amounts do not represent  sums paid out or due, but are the amounts that the pension scheme would transfer to another pension scheme in relation to benefits accrued in 2012 in the event of these  Directors leaving service. (ii)  The accrued pensions shown are those which would be payable annually from normal retirement date. Pension entitlements – defined contribution The accumulated liablilities related to the unfunded Supplemental Executive Retirement Plan for Mark Towe are as follows: (iii)  Notional interest, which is calculated based on the average bid yields of United States Treasury fixed-coupon securities with remaining terms to maturity of approximately 20  years, plus 1.5%, is credited to the above plans. As at 31 December 2011 2012 contribution 2012 Notional interest Translation adjustment As at 31 December 2012 (iii) €000 €000 €000 €000 €000 Executive Director M. Towe  1,511   190   67   (37)  1,731  64 CRH