Page 79 - Pay'n Save Retirement Truat fund

77 | SOUND RETIREMENT

 Age 65 or older and have passed your 5 th anniversary of
participation (without a permanent break in service), and are
still actively participating in the plan.

Your Regular Pension Amount

For pension benefits earned on or after July 1, 2014 and through
the date that there is a collective bargaining agreement or
special agreement in effect that has adopted a post-merger
Rehabilitation Plan schedule, your regular pension is a monthly
amount equal to 1.35% of the employer contributions credited to
you. This amount is then added to your Meat Plan accrued benefit
(unless your benefit was transferred to the Consolidated Plan as a
Kroger related participant) to arrive at your total accrued benefit
from the Sound Plan. The total accrued benefit from the Sound
Plan is then adjusted for the form of payment you select using the
adjustment factors in the Sound Plan, but will not be less than the
benefit you earned through June 30, 2014 under the Meat Plan
using the Meat Plan’s adjustment factors.

EARLY RETIREMENT PENSION

Your early retirement pension will be the sum of what you earned
under the Meat Plan for benefits earned prior to July 1, 2014 and
what you earned in the Sound Plan on or after July 1, 2014. This
section will cover the early retirement benefits earned prior
to July 1, 2014. See Appendix E for a description of the early
retirement benefits for service before October 1, 2016. See pages
18 - 25 for the current Sound Plan rules.

There are 2 different types of early retirement pensions applicable
to your Meat Plan benefits earned as of June 30, 2014. Each is
based on your age and service. In general, an early retirement
pension benefit is based on the regular pension benefit you
would be eligible to receive at age 65, but reduced because your
benefit is expected to be paid for a longer period of time. The
exception is the Rule of 85 Pension, as described below.

Standard Reduced Meat Plan Pension
You are eligible for a Standard Reduced Meat Plan early
retirement pension payable from the Sound Plan if you are not
a Kroger related participant whose June 30, 2014 benefit was
transferred to the Consolidated Plan and:

 You are at least age 55, but not yet age 65,
 You have 5 or more years of credited service (without a
permanent break in service), including 1 or more years of
credited future service,

 You are not eligible for the Rule of 85 Pension that is
described in the next section.