GE's CEO set to receive at least $112 million as he steps down

General Electric Co.'s chairman and chief executive, Jeffrey Immelt, is stepping down after 16 years. Immelt will retire with at least $112 million, which comes primarily from the company's supplemental pension plans. As of Dec. 31, the 61-year-old has $81.7 million in overall pension benefits, according to the company’s proxy filing dated March 8. Along with other compensation packages, Immelt will also receive two company-paid life insurance plans that provide a combined death benefit of $24.2 million. Immelt's replacement was announced on Monday.