The big bucks are officially back.

Towers Watson's annual compensation survey tells the story of the breakout 2014 year. CEO compensation rose 12.1 percent last year, compared to a meager 1.6 percent in 2013. It's the highest jump since 2010, TW reports, much of it driven by rebounding pension plans.

The consulting firm extracted the information from proxy statements released by public companies. The hefty increase was driven by several compensation factors, TW said.

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