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85 | SOUND RETIREMENT

Meat Plan 50% Spouse Option Factors

Spouse Same Spouse 3 Years Spouse 3 Years
Participant Age
Age Younger Older

65 0.905 0.890 0.919

60 0.919 0.908 0.931

55 0.933 0.924 0.942

These factors may be different if you are applying for a disability
pension. Contact the Administrative Office for details.

CONTINGENT ANNUITANT BENEFIT OPTION
If you are married, you and your spouse may elect a contingent
annuitant benefit option from the Plan instead of the 50% spouse
option. The contingent annuitant benefit option works much like
the 50% spouse option, except that it permits you to provide 75%
or 100% (whichever you choose) of your monthly payment to
your spouse following your death. This option is not available if
you are receiving a disability pension, although you may change
your disability retirement payment to a contingent annuity
benefit option once you reach age 65 (unless you are already
receiving your benefit as a 50% spouse option).

You must choose this option before your first pension payment
is issued. The option can only be revoked if notice is given to the
Trustees before your pension starts.

See pages 39-40 for the current factors under the Sound Plan.

Under the Sound Plan prior to October 1, 2016, the factor used
for your contingent annuitant benefit option depends on the
annuity form you select and the age difference between you and
your spouse, as shown in the following table.

If you select
the following Plus this Or minus this
Your base
contingent adjustment factor percentage for percentage for
each year your
each year your
annuity option will be… spouse is older spouse is younger
under the Sound than you… than you…
Plan…
75% annuity 88% +0.5% −0.5%

100% annuity 84% +0.6% −0.6%