53 SUMMARY PLAN DESCRIPTION 2023 // Hourly contribution rate Daily contribution rate (not including con- tributions required by the RP) Monthly normal pension benefit for each year of future service credit 4.75 38.00 245.97 4.80 38.40 247.80 4.85 38.80 249.62 4.90 39.20 251.45 4.95 39.60 253.28 5.00 40.00 255.10 5.05 40.40 256.93 5.10 40.80 258.75 5.15 41.20 260.58 5.20 41.60 262.41 5.25 42.00 264.23 5.30 42.40 265.91 5.35 42.80 267.60 5.40 43.20 269.28 5.45 43.60 270.96 5.50 44.00 272.65 5.55 44.40 274.33 5.60 44.80 276.01 5.65 45.20 277.70 5.70 45.60 279.38 5.75 46.00 281.06 5.80 46.40 282.74 5.85 46.80 284.43 5.90 47.20 286.11 5.95 47.60 287.79 6.00 48.00 289.48 TABLE FIVE DETERMINING YOUR FUTURE SERVICE BENEFIT Use this table if the latest calendar year for which you have 600 hours of service is 1993. To determine your future service benefit, first find your employ- er’s hourly or daily contribution rate. To the right of that rate is the corresponding benefit value. Multiply that value by your years of future service credit at that rate. Follow the same procedure for each contribution rate. If you do not earn a full year of service credit in any calendar year, you will receive a prorated amount based on the months of future service you earned. Contribu- tion Rate Your Years of Future Service Credit at that Rate Monthly Future Service Benefit Value Accumulated Future Service Benefit _____ _____ x $_____ = $_____ _____ _____ x $_____ = $_____ _____ _____ x $_____ = $_____ _____ _____ x $_____ = $_____ _____ _____ x $_____ = $_____ Total Future Service Benefit (add figures in final column) $_____ Hourly contribution rate Daily contribution rate Monthly normal pension benefit for each year of future service credit $0.10 $0.80 $6.76 0.15 1.20 10.15 0.20 1.60 13.52 0.25 2.00 17.06 0.30 2.40 20.59 0.35 2.80 24.14 0.40 3.20 27.68 0.45 3.60 31.21 0.50 4.00 34.74 0.55 4.40 38.27 0.60 4.80 41.81 0.65 5.20 44.46 0.70 5.60 47.10 0.75 6.00 49.76 0.80 6.40 52.40 0.85 6.80 54.69 0.90 7.20 57.02 0.95 7.60 59.31 1.00 8.00 61.62 1.05 8.40 63.54