POST-RETIREMENT BENEFIT ACCRUALS

Additional Earnings Before Age 65

If you are younger than age 65 and your benefits are suspended, you may be entitled to an increased pension at age 65 based on the Earnings Credit received during the periods of suspension. Please refer to pages 23 and 24 in the printed document for the specific rules.

If you are not married when you reach age 65, the additional benefit will automatically be paid in the Five-Year Certain form unless you elect to receive the benefit in the same form you were receiving when you first retired. If you are married when you reach age 65 and elected the Husband-and-Wife Pension when you first retired, the additional benefits will be paid in that form unless you reject it and elect payment in the Five-Year Certain form. If you are married when you reach age 65 and elected a form of payment other than the Husband-and-Wife Pension when you first retired, the additional benefit will be paid as a Husband-and-Wife Pension unless you reject it and elect your previous form of payment. Any rejection of the Husband-and-Wife Pension requires the written consent of your spouse.

Additional Earnings After Age 65

If you are age 65 or older, you will be entitled to an increased pension (subject to the maximum pension amount) for additional Earnings Credit (including residuals) received after retirement for any calendar year after 1991 in which you have sufficient earnings (including residuals) to earn a Pension Credit.

The increased pension is calculated annually and is effective January 1st. However, in order to make sure that the Plan Office has received all of your earnings from a calendar year before your pension is adjusted, the actual adjustment will be done in April or May of each year. Any increase will be retroactive to January 1st. Any additional benefit will be paid in the same form of payment you were previously receiving.