Trustees Add New Spouse / Joint Survivor Options - Effective 09-01-2007

In Addition to the 50% Spouse/Joint and Survivor Benefit, the flollowing forms of payment become available to all pensioners whose pension begin on or after September 1, 2007;

• 75% Joint and Survivor Benefit. This payment method provides reduced monthly payments for your lifetime. Upon your death, your spouse (or other designated beneficiary) receives 75% of the monthly benefit you were receiving, payable for the rest of his or her life. Please note if you elect the 75% joint and survivor benefit and choose a non-spouse beneficiary, he or she may not be more than 19 years younger than you.
• 100% Joint and Survivor Benefit. This payment method provides reduced monthly payments for your lifetime. Upon your death, your spouse (or other designated beneficiary) receives 100% of the monthly benefit you were receiving, payable for the rest of his or her life. Please note if you elect the 100% joint and survivor benefit and choose a non-spouse beneficiary, he or she may not be more than 10 years younger than you.

For more information on these and other payment options or the Pension Plan in general, see the Pension Plan SPD.