Reemployment Of A Retiree

If you are receiving retirement benefits under this Plan and are subsequently reemployed in the type of employment for which Employer contributions are required to be made to the Plan, you may be entitled to additional pension benefits. The additional benefits will be calculated in the same way as the Normal Retirement Benefit but may be adjusted to reflect the method of payment you elect. Therefore, you should notify the Board of Directors of such employment within one month after you accept such employment to ensure that your benefits will be properly adjusted. Please be sure to review your semi-annual statements to ensure that any Employer for which you work is making contributions on your behalf. You will continue to receive your monthly benefit from the Plan during such employment.

If you are reemployed before you reach age 65, you will continue to receive your monthly retirement benefits from the Plan and, when you reach age 65, you will be entitled to make a new retirement benefit election with respect to the contributions made on or after your early retirement.

If you are reemployed after you reach age 65, you will continue to receive your monthly benefits from the Plan. If you have any contributions made to the Plan for employment after January 1, 1989, you will be entitled to an increase in your monthly payments to reflect any additional contributions made during your reemployment. (For this purpose, the payment of residuals which are subject to contributions to the Pension Plan will be counted.) The increase will be effective on the January 1 following the end of the year in which the benefit was earned. Any increase in your benefits will be reflected in benefits payable to your beneficiary in the event of your death.

If you are receiving retirement benefits under this Plan and were reemployed in the type of employment for which Employer contributions are required to be made to the Plan, but such contributions were made on your behalf only for employment prior to January 1, 1989, then the amount of the additional benefits to which you may be entitled will be determined under the rules in effect at that time.