Qualified Joint and Survivor Annuity and 50% Joint and Survivor Option
If payment of a Retirement Payment is to be made in the form of a Qualified Joint and Survivor benefit, or in the form of a 50% Joint and Survivor Annuity, the Retirement Payment amount shall be adjusted by multiplying said benefit by the following percentage: 88 percent minus .3 percentage points for each full year that the beneficiary's age is less than the Participant's age or plus .3 percentage points for each full year that the beneficiary's age is greater than the Participant's age; provided, however, that the resulting percentage shall not be greater than 99 percent.

100% Joint and Survivor Option
If payment of a Retirement Payment is to be made in the form of a 100% Joint and Survivor benefit, the Retirement Payment amount shall be adjusted by multiplying it by the following percentage: 79 percent minus .5 percentage points for each full year that the beneficiary's age is less than the Participant's age or plus .5 percentage points for each full year that the beneficiary's age is greater than the Participant's age; provided, however, that the resulting percentage shall not be greater than 99 percent.

66 2/3% Joint and Survivor Option
If payment of a Retirement Payment is to be made in the form of a 66 2/3% Joint and Survivor benefit, the Retirement Payment amount shall be adjusted by multiplying it by the following percentage: 85 percent minus .4 percentage points for each full year that the beneficiary's age is less than the Participant's age or plus .4 percentage points for each full year that the beneficiary's age is greater than the Participant's age; provided, however, that the resulting percentage shall not be greater than 99 percent.

120 Month Certain Option
If payment of a Retirement Payment is to be made in the form of a 120 Month Certain benefit, the Retirement Payment amount shall be adjusted by multiplying it by the following percentage: 91 percent plus .6 percentage points for each full year the Participant is below age 65 or minus 1.2 percentage points for each full year that the Participant is greater than age 65; provided, however, that the resulting percentage shall not be greater than 99 percent.

Social Security Level Income Option
If payment of a Retirement Payment is to be made in the form of a Social Security Level Income Benefit, then the following Actuarial Equivalent factors shall be applied:

Increase the monthly Retirement Payment until age 62 (or 65) by the following amount for each $10 by which the increased Retirement Payment is reduced thereafter:

Age Increased Pension
Age Reduced Pension Effective
Effective
Age 62
Age 65
50
$3.19
$2.29
51
3.48
2.49
52
3.80
2.72
53
4.16
2.98
54
4.55
3.26
55
4.99
3.57
56
5.48
3.92
57
6.03
4.32
58
6.64
4.76
59
7.33
5.25
60
8.11
5.81
61
9.00
6.44
62
10.00
7.16
63
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7.98
64
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8.92
65
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10.00