THE BASIC BENEFIT

THE BASIC BENEFIT

If you qualify for an increasing benefit, you will receive a Basic Benefit of $110 in the first year you are eligible. Your Basic Benefit will increase each year by $110, provided your last Employer continues to contribute to the Supplemental Plan. If that Employer ceases contributions, you will continue to receive a flat benefit for life.

If you are married when your benefit starts, these amounts are reduced to provide a 50% Survivor Benefit for your spouse (with a minimum annual benefit of $150.00)

Here is an example of the Basic Benefit you may be entitled to receive in the first eight years:

Single Retiree

Married Retiree*

Spouse

Year	Increase	Basic Benefit	Increase	Basic Benefit	Survivor Benefit
1	$110	$110	$88	$88	$150.00
2	$110	$220	$88	$176	$150.00
3	$110	$330	$88	$264	$150.00
4	$110	$440	$88	$352	$176.00
5	$110	$550	$88	$440	$220.00
6	$110	$660	$88	$528	$264.00
7	$110	$770	$88	$616	$308.00
8	$110	$880	$88	$704	$352.00
			* Average J&S Reduction

If you qualify for a non-increasing benefit, your Basic Benefit will be $150 per year. If you are married, this amount is reduced to provide a 50% Survivor Benefit for your spouse.

The above benefits are for retirees whose Employer contributes $0.40 per hour. If your Employer contributes at a different rate, your benefit may be different.