Percentage of your benefit payable TABLE EIGHT Number of years Normal, Early, 30 DETERMINING THE AMOUNT OF A 75% JOINT AND your spouse is and Out, 20 and Disability SURVIVOR PENSION older or younger Age 62, or Vested Pension** First, calculate your pension benefit, including any applicable age re- than you Deferred Pension* duction. Then determine the number of years your spouse is older or 10 years older 94.0% 86.0% younger than you and locate that number in the first column. To the 9 years older 93.6 85.6 right of the first column are two columns containing percentage fig- 8 years older 93.2 85.2 ures. Select the column that describes the type of pension applicable 7 years older 92.8 84.8 to you and the percentage that corresponds to the number of years your spouse is older or younger than you. Multiply that percentage 6 years older 92.4 84.4 by the amount of your pension benefit. If you are subject to an RP 5 years older 92.0 84.0 Schedule, multiply that amount by the RP % noted below the table. 4 years older 91.6 83.6 The result is the amount of your pension under the 75% Joint and Survivor Pension form of payment. When you die, your spouse will 3 years older 91.2 83.2 continue to receive 75% of that amount. 2 years older 90.8 82.8 $ __ ____ x ____ x ____ = $ __________ 1 year older 90.4 82.4 SAME AGE 90.0 82.0 Your Benefit Age % RP % 75% Joint and Survivor Pension 1 year younger 89.6 81.6 2 years younger 89.2 81.2 Percentage of your benefit payable 3 years younger 88.8 80.8 Number of years Normal, early, 30 4 years younger 88.4 80.4 your spouse is and Out, 20 and Disability 5 years younger 88.0 80.0 older or younger Age 62 or Vested Pension** 6 years younger 87.6 79.6 than you Deferred Pension* 7 years younger 87.2 79.2 10 years older 91.0% 79.0% 8 years younger 86.8 78.8 9 years older 90.4% 78.5% 9 years younger 86.4 78.4 8 years older 89.8% 78.0% 10 years younger 86.0 78.0 7 years older 89.2% 77.5% Maximum benefit Maximum benefit 6 years older 88.6% 77.0% payable is 99% payable is 91% 5 years older 88.0% 76.5% For age differences greater than 10 years, contact the Fund Office. 4 years older 87.4% 76.0% * If covered by the Preferred Schedule, multiply result by 0.97879; if by the Default 3 years older 86.8% 75.5% Schedule, by 0.98649 for benefits accrued after Default Schedule Effective Date. 2 years older 86.2% 75.0% ** If covered by the Preferred Schedule or Default Schedule, multiply your result 1 year older 85.6% 74.5% by 0.9330 (for benefits accrued after the Default Schedule Effective Date). Same Age 85.0% 74.0% 1 year younger 84.4% 73.5% 2 years younger 83.8% 73.0% 3 years younger 83.2% 72.5% 4 years younger 82.6% 72.0% 5 years younger 82.0% 71.5% 6 years younger 81.4% 71.0% SUMMARY PLAN DESCRIPTION 2023 // 57