APPENDIX  B –  Early & Disability Pension Age Reduction Factors

     (see page 1 regarding eligibility)

Based on a reduction of ¼ of 1% for each month (to a maximum of 36 months)
that the indicated age is less than the retirement age, and 5/9 of 1%
for each month the indicated age is less than 62.


Find the Participant’s age on the pension effective date in years (across the top), and months (down the left side); this is the Early Pension percentage.
 

YEARS


 
MONTHS
00
01
02
03
04
05
06
07
08
09
10
11		 60
.7767
.7822
.7878
.7933
.7989
.8044
.8100
.8156
.8211
.8267
.8322
.8378		 61
.8433
.8489
.8544
.8600
.8656
.8711
.8767
.8822
.8878
.8933
.8989
.9044		 62
.9100
.9125
.9150
.9175
.9200
.9225
.9250
.9275
.9300
.9325
.9350
.9375		 63
.9400
.9425
.9450
.9475
.9500
.9525
.9550
.9575
.9600
.9625
.9650
.9675		 64
.9700
.9725
.9750
.9775
.9800
.9825
.9850
.9875
.9900
.9925
.9950
.9975
                                             

 
 

                                                 Summary Plan Description      /     Participant Information