Exhibit 10.1.4

The Consolidated Edison Retirement Plan – Part I

THE

CONSOLIDATED

EDISON

RETIREMENT PLAN

Part I

This plan document, # 320914, was submitted to the IRS in January 2012, and received a favorable determination letter in August 2013. It has since been amended and is now the current updated and Revised Plan Document – Part I as of August 2014.

The Consolidated Edison Retirement Plan – Part I

Subject to the Following Amendments and Clarifications:

• Clarified on May 2, 2002;

• Amended December 13, 2001;

• Amended April 2003 In Accordance with IRS Issuance of Favorable Determination Letter;

• Amended August 2004 for 2004 Agreement Between Local Union 503 of the International Brotherhood of Electrical Workers, AFLO-CIO and O&R;

• Amended August 2004 for O&R Management Employees Changes Concurrent with O&R Hourly Employees;

• Amended August 2004 for the 2004-2008 Collective Bargaining Agreement Between Consolidated Edison Company of New York, Inc. and Local 1-2 of the Utility Workers Union of America, AFL-CIO;

• Amended July 2004 to Update Factors - O&R Optional Forms;

• Amended and Restated November 2004 for Miscellaneous Changes;

• Amended September 2005 for the 2005-2009 Collective Bargaining Contract Between Consolidated Edison Company of New York, Inc. and Local Union No. 3 of the International Brotherhood of Electrical Workers, AFL-CIO;

• Amended November 2008 In Accordance with the September 23, 2008 IRS Favorable Determination Letter;

• Restated as of January 31, 2007 in Accordance with Revenue Procedure 2005-66 and Notice 2005-101;

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The Consolidated Edison Retirement Plan – Part I

• The January 2007 Restatement Reflects Changes Under EGTRRA, with Technical Corrections Made by the (i) Job Creation and Worker Assistance Act of 2002 (JCWAA), (ii) the Pension Funding Equity Act of 2004 (PFEA), and (iii) the American Jobs Creation Act of 2004 (AJCA);

• Amended December 2008 for (i) Domestic Partner Benefits, (ii) Accelerated Vesting for Cash Balance and (iii) 75% QJSA Option;

• Amended December 2008 for the 2008-2012 Collective Bargaining Contract Between Consolidated Edison Company of New York, Inc. and Local 1-2 of the Utility Workers Union of America, AFL-CIO;

• Amended December 2008 for a Special Pension Accrual for CECONY Management Employees;

• Amended in 2011 for Submission to the IRS for a Favorable Determination Letter Under Revenue Procedure 2011-6, Taking Into Account: (i) the Pension Protection Act of 2006 (PPA ‘06), (ii) the U.S. Troop Readiness, Veterans’ Care, Katrina Recovery, and Iraq Accountability Appropriations Act, 2007, (iii) the Heroes Earnings Assistance and Relief Tax Act of 2008 (HEART Act), (iv) the Worker, Retiree, and Employer Recovery Act of 2008 (WRERA), and (v) the Small Business Jobs Act of 2010 (SBJA);

• Amended December 2012 Taking Into Account the Following: (1) Changes Resulting from Total Rewards; (2) Changes to the Named Fiduciaries Structure; (3) Changes Resulting from the 2012 – 2016 Collective

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The Consolidated Edison Retirement Plan – Part I

Bargaining Contract Between Local 1-2 and CECONY; (4) Changes to the Suspension of Benefits Rule; and (5) Administrative and Operational Changes;

• Amended June 2013 to Correct Prior Language Regarding Cash-Outs;

• Amended to take into account the requirement of the Jobs and Growth Tax Relief Reconciliation Act of 2003, as requested by the Internal Revenue Service, during its review of the Retirement Plan’s Application for a favorable determination letter

• Amended October 2013 to Take Into Account the Changes Resulting from the 2013 - 2017 Collective Bargaining Contract Between Local 3 and CECONY Dated August 2014

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The Consolidated Edison Retirement Plan – Part I

TABLE OF CONTENTS

		Page
Introduction			10
Article I Definitions			20
1.01	Accredited Service		20
1.02	Accumulated Benefit		20
1.03	Accumulated Contributions		20
1.04	Actuarial Equivalent		20
1.05	Adjusted IRS Interest Rate		21
1.06	Affiliate		22
1.07	Annual Basic Straight-Time Compensation		23
1.08	Annual Compensation		25
1.09	Annual O&R Management Compensation		25
1.10	Annual Rate of Compensation		27
1.11	Annual Variable Pay Award		27
1.12	Annuity Starting Date or ASD		28
1.13	Approved Leave of Absence		28
1.14	Austerity Measures		28
1.15	Beneficiary		28
1.16	Board		29
1.17	Break in Service		29
1.18	Cash Balance Account		29
1.19	Cash Balance Accrued Benefit		29
1.20	Cash Balance Single Sum Payment		29
1.21	Cash Out		29
1.22	CECONY		30
1.23	CECONY Austerity Affected Participant		30
1.24	CECONY Austerity Period		30
1.25	CECONY Local 3 Employee –1		30
1.26	CECONY Management Participant		30
1.27	CECONY Management Plan		31
1.28	CECONY Participant		31
1.29	CECONY Retiree Health Program		31
1.30	CECONY Transferred Participant		31
1.31	CECONY Weekly Employee		31
1.32	CECONY Weekly Employee-1		32
1.33	CECONY Weekly Participant		32
1.34	CECONY Weekly Participant-1		32
1.35	CECONY Weekly Plan		32
1.36	CEI Affiliate or CEI Affiliates		32

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The Consolidated Edison Retirement Plan – Part I

1.37	CEI Participant	33
1.38	Code	33
1.39	Code Section 415(c)(3) Compensation	33
1.40	Company	36
1.41	Consolidated RPA ’94 Lump Sum Conversion Factors	36
1.42	Credited Service	37
1.43	Disability	37
1.44	Domestic Partner	37
1.45	Effective Date	37
1.46	Eligible Employee	37
1.47	Employee	38
1.48	Employer or Employers	38
1.49	ERISA	38
1.50	Final Average Pay	38
1.51	Final Average Salary	39
1.52	FMLA	40
1.53	Highly Compensated Employee	40
1.54	Hour of Service	40
1.55	IRS Interest Rate	42
1.56	IRS Mortality Table	43
1.57	Layoff	44
1.58	Leased Employee	44
1.59	Limitation Year	45
1.60	Local 1-2	45
1.61	Local 3	45
1.62	Local 503	45
1.63	Lump Sum Based Plan	45
1.64	Lump Sum-Based Benefit Formula	45
1.65	Named Fiduciary(ies)	46
1.66	Non-Suspendible Month	46
1.67	Normal Retirement Age	46
1.68	Normal Retirement Date	46
1.69	O&R	46
1.70	O&R Austerity Period	46
1.71	O&R Early Retirement Date	47
1.72	O&R Employee	47
1.73	O&R Hourly Employee	47
1.74	O&R Hourly Employee-1	47
1.75	O&R Management Employee	47
1.76	O&R Participant	47
1.77	O&R Plan	47
1.78	Parental Leave	47

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The Consolidated Edison Retirement Plan – Part I

1.79	Participant	48
1.80	Pension Allowance	48
1.81	Plan	48
1.82	Plan Administrator	48
1.83	Plan Year	48
1.84	Pre-Tax Contribution	48
1.85	Prior Plan or Prior Plans	49
1.86	Rule of 75 Participant	49
1.87	Rule of 85 Participant	49
1.88	Severance	49
1.89	Social Security Retirement Age	49
1.90	Social Security Taxable Wage Base	49
1.91	Spousal Consent	49
1.92	Stability Period	50
1.93	Surviving Domestic Partner	50
1.94	Surviving Spouse	51
1.95	Total Salary	51
1.96	Trustee	52
1.97	Transferred O&R Management Participant	52
1.98	Vesting Service	52
1.99	Year of Accredited Service	52
Article II Participation		53
2.01	Participation Requirements	53
2.02	Events Affecting Participation	54
2.03	Participation Upon Reemployment	54
Article III Service		58
3.01	Vesting Service	58
3.02	Accredited Service	61
3.03	Re-employment of Participant-Suspension of Benefits and Break in Service Rules	64
Article IV Eligibility for and Amount of Benefits		70
4.01	Normal Retirement	70
4.02	Normal Retirement Pension Allowance	70
4.03	Late Retirement	76
4.04	Early Retirement	77
4.05	Vested Terminations Before Attaining Early Retirement	86
4.06	Disability Pension Allowance – CECONY Participants	89
4.07	Disability – O&R Participant and O&R Disability Pension Allowance	90
4.08	Spouse’s Pension	93
4.09	Maximum Benefit Limitation	100

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The Consolidated Edison Retirement Plan – Part I

4.10	Transfers and Employment With an Affiliate	110
4.11	Minimum Benefits	113
4.12	Additional Provisions	113
Article V Automatic Form of Payment		114
5.01	Automatic Form of Payment	114
5.02	Optional Forms of Payment	118
5.03	Election of Options	131
5.04	Commencement of Payments	135
5.05	Distribution Limitation	135
5.06	Time and Manner Distributions if Participant Dies Before ASD	137
5.07	Forms of Distribution	138
5.08	Direct Rollover of Certain Distributions	143
Article VI Contributions		145
6.01	Employers’ Contributions	145
6.02	Return of Contributions	145
6.03	Non-Contributory Nature	145
Article VII Administration of Plan		146
7.01	Named Fiduciaries	146
7.02	Duties of Plan Administrator	147
7.03	Meetings	149
7.04	Compensation and Bonding	150
7.05	Establishment of Rules	150
7.06	Prudent Conduct	150
7.07	Actuary	150
7.08	Maintenance of Accounts	151
7.09	Service in More Than One Fiduciary Capacity	151
7.10	Limitation of Liability	151
7.11	Indemnification	151
7.12	Appointment of Investment Manager	152
7.13	Expenses of Administration	152
7.14	Claims and Review Procedures	153
Article VIII Management of Funds		156
8.01	Trustee	156
8.02	Exclusive Benefit Rule	156
Article IX General Provisions		157
9.01	Nonalienation	157
9.02	Conditions of Employment Not Affected by Plan	158
9.03	Facility of Payment	158
9.04	Information	159
9.05	Top-Heavy Provisions	159
9.06	Construction	163
9.07	Prevention of Escheat	163

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The Consolidated Edison Retirement Plan – Part I

Article X Amendment, Merger and Termination		165
10.01	Amendment of Plan	165
10.02	Merger, Consolidation, or Transfer	165
10.03	Additional Participating Companies	166
10.04	Termination of Plan	166
10.05	Limitation Concerning Highly-Compensated Employees and Highly-Compensated Former Employees	167
Article XI Cost-Of-Living Adjustments		169
11.01	Eligibility-CECONY Participants	169
11.02	Annual Adjustment-CECONY Participants	169
11.03	Percentage of Adjustment-CECONY Participants	169
11.04	Limitation on Adjustments-CECONY Participants	170
11.05	Index-CECONY Participants	170
11.06	Eligibility and Adjustment-O&R Participants	170
11.07	Eligible Spouse or Contingent Annuitant of O&R Participant	171
11.08	Pension Benefit Adjustment Amount for Spouse or Contingent Annuitant of O&R Participant	172
11.09	Pension Benefit Adjustment for Alternate Payee of an O&R Participant	172
Article XII 401(h) Account		176
12.01	Establishment	176
12.02	Terms and Conditions	176
12.03	Contributions	177
12.04	Use of Assets	177
12.05	Modification, Amendment, and Termination	178
12.06	Allocation of Responsibility for Payment	178
Article XIII Return of Contributions to an O&R Participant		179
13.01	Vested O&R Participant	179
13.02	An O&R Participant Not Vested	179
13.03	Death of O&R Participant	179
13.04	Cessation of Pension Allowance	180
Article XIV Domestic Partner Benefits		181
14.01	Domestic Partner Benefits: In General	181
14.02	Pre–Retirement Domestic Partner Survivor Annuity Coverage	181
14.03	Post-retirement Domestic Partner Survivor Benefit Coverage	182
14.04	Termination of Domestic Partnership	183

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The Consolidated Edison Retirement Plan – Part I

Article XV Section 436 Limitations		184
15.01	Limitations Applicable If the Plan’s Adjusted Funding Target Attainment Percentage Is Less Than 80 Percent or If the Plan Sponsor Is In Bankruptcy	184
15.02	Limitations Applicable If the Plan’s AFTAP Is Less Than 60 Percent (or would be less than 60 percent to the extent described in below)	186
15.03	Limitations Applicable If the Plan Sponsor Is In Bankruptcy	187
15.04	Provisions Applicable After Limitations Cease to Apply	187
15.05	Treatment of Plan Amendments That Do Not Take Effect	188
15.06	Interpretation of Provisions	189
15.07	PPA Rules Relating to Funding	189
15.08	Special Definitions	189

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The Consolidated Edison Retirement Plan – Part I

THE CONSOLIDATED EDISON RETIREMENT PLAN

INTRODUCTION

Effective August 1, 1975, Consolidated Edison Company of New York, Inc. (“CECONY”) adopted The Consolidated Edison Pension and Benefits Plan (the “Weekly Plan”) to provide retirement benefits to its collectively bargained employees and their eligible Surviving Spouses. Effective January 1, 1983, CECONY adopted The Consolidated Edison Retirement Plan for Management Employees (the “Management Plan”), for employees on the management payroll of CECONY on or after December 31, 1982, to management employees who retired prior to that date and to eligible Surviving Spouses of such management employees. Effective January 1, 1998, Consolidated Edison, Inc. (“CEI”), a holding company, was formed, and CECONY became its wholly-owned subsidiary. In July 1999, CEI acquired Orange and Rockland Utilities, Inc. (“O&R”), which became a wholly-owned subsidiary of CEI.

Effective January 1, 2001, the Weekly Plan was amended and renamed the Consolidated Edison Retirement Plan (the “Plan”) to take into account, among other things, the impact the formation of the new controlled group has on the Plan; namely, that CEI is referred to throughout and serves as the Company, CECONY is the Plan Sponsor and an Employer and certain affiliates are, or will become, Participating Employers. Furthermore, effective January 1, 2001, the Management Plan and the Employees’ Retirement Plan of Orange and Rockland Utilities, Inc. were merged into the Plan as a single plan, as that term is defined in the Internal Revenue Code of 1986, as amended, (the “Code”) Section 414(l).

On April 9, 2003, the IRS issued a favorable determination letter on the Plan taking into account the changes made by the Uruguay Round Amendments Act, Pub. L. 103-465, the Small Business Job Protection Act of 1996. Pub. L. 104-188, the Uniformed Services Employment and Reemployment Rights Act of 1994, Pub. L. 103-353, the Taxpayer Relief Act of 1997, Pub. L. 105-34, the IRS Restructuring and Reform Act of 1998, Pub. L. 105-206, and the Community Renewal Tax Relief Act of 2000, Pub. L. 106-554.

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The Consolidated Edison Retirement Plan – Part I

Since the 2003 determination letter, the Plan has been amended, as set forth below. In August, 2004, the Plan was amended to provide for the changes made on account of: (i) the collective bargaining agreement effective June 27, 2004, between CECONY and Local 1-2, Utility Workers Union of America, AFL-CIO (“Local 1-2 2004 CBA”); (ii) the collective bargaining agreement effective June 1, 2004, between O&R and Local 503, International Brotherhood of Electrical Workers, AFL-CIO (“Local 503 2004 CBA”); (iii) changes made to the benefit structure for O&R Management Employees that are concurrent with the changes made to the O&R Hourly Employees; and (v) changes to the factors used by O&R to determine actuarial equivalents for optional forms of benefits.

There are two changes resulting from the Local 1-2 2004 CBA. Effective for retirements after June 27, 2004, the definition of “Final Average Pay” changed from a 5-year to a 4-year high. Second, a CECONY Weekly Participant who is hired on or after June 27, 2004 (“CECONY Weekly Participant-1”) has as his or her normal form of pension allowance a single life annuity and all other forms of benefits are the actuarial equivalent of the single life annuity. CECONY does not subsidize the qualified joint and survivor annuities or the qualified pre-retirement survivor annuity for the CECONY Weekly Participant-1.

There are three changes resulting from the Local 503 2004 CBA. First, effective January 1, 2005, the pivot year will change from 1998 to January 1, 2000 and effective January 1, 2008, the pivot year will change from 2000 to 2003. Second, effective January 1, 2005, for those pensions that begin after age 60 and end at age 62 the supplemental monthly payment of $600 will be increased to $800. Third, an O&R hourly employee hired on and after January 1, 2005 (“O&R Hourly Participant-1”) will not be entitled to a pension benefit adjustment.

The Plan also was amended to provide that for retirements on and after January 1, 2005, the definition of Final Average Pay for CECONY Management Participants will change from a 60-month high to a 48-month high.

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The Consolidated Edison Retirement Plan – Part I

The Plan was amended, effective March 28, 2005, in accordance with Section 401(a)(31)(B)(i) of the Internal Revenue Code (“Code”) added as part of the Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA). The required amendment reduces involuntary distributions from $5,000 to $1,000 of those vested accrued benefits.

The Plan was amended, effective June 26, 2005, to take into account four changes resulting from the 2005 –2009 Collective Bargaining Contract between Consolidated Edison Company of New York, Inc. and Local Union No. 3 of the International Brotherhood of Electrical Workers, AFL-CIO (“Local 3 2005 CBA”). First, effective June 26, 2005, for each CECONY weekly Local 3 employee who was on the payroll as of June 25, 2005, the definition of “Final Average Pay” will change from a 5 –year to a 4 –year high. Second, effective June 26, 2005, a CECONY weekly local 3 employee hired on or after June 26, 2005, (“CECONY Local 3 Employee-1”) will have as his or her normal form of pension allowance a single life annuity and all other forms of benefits will be the actuarial equivalent of the single life annuity. CECONY will no longer subsidize the qualified joint and survivor annuities or the qualified pre-retirement survivor annuity for CECONY Local 3 Employee-1. Third, effective June 26, 2006, a CECONY Local 3 Employee –1 will be eligible for an unreduced early retirement pension allowance benefit at age 59 with 30 years of service or age 60 with 15 years of Accredited service. And, fourth, the pension allowance for a CECONY Local 3 Employee–1 will not be eligible for a cost of living adjustment.

The Plan was amended to take into account the changes made by EGTRRA, as such changes were effective as of January 1, 2002, and subsequent legislation and regulations up to and including those with effective dates on and after January 1, 2007. These Plan amendments supersede any provisions to the extent those provisions are inconsistent with the provisions of this Plan amendment.

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The Consolidated Edison Retirement Plan – Part I

On January 30, 2007, in accordance with Revenue Procedure 2055-66, the Plan was submitted to the IRS for a favorable determination letter. The submission took into account the requirements of the Economic Growth and Tax Relief Reconciliation Act of 2001 and other items identified on the 2005 Cumulative List of Changes in Plan Qualification Requirements.

On September 23, 2008, the IRS issued a favorable determination letter on the Plan (“2008 Determination Letter”). The 2008 Determination Letter considered the 2005 Cumulative List of Changes in Plan Qualification. The 2008 Determination Letter favorably applied to the proposed amendments submitted to the IRS in February 2007 and July 2008 (“Proposed Amendments”). The Plan includes the requirements set forth in the 2008 Determination Letter including the Proposed Amendments.

Effective January 1, 2008, the Plan was amended to provide that survivor pension benefits are available to a Participant who has a same sex domestic partner (“Same Sex Domestic Partner Survivor Benefits”). The Participant’s domestic partner must meet certain criteria (“Domestic Partner”) established by the Plan Administrator. The electing Participant bears the costs of providing the Same Sex Domestic Partner Survivor Benefit.

Effective January 1, 2008, the Plan was also amended to change the vesting schedule for CEI Participants and all other Participants covered by the cash balance formula. Effective January 1, 2008, actively employed Participants who are covered by the cash balance formula and have an Hour of Service on or after January 1, 2008, will become 100% vested after three years of Vesting Service. The Plan was also amended to include a statutory mandated 75% qualified joint and survivor annuity.

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The Consolidated Edison Retirement Plan – Part I

The Plan was amended, effective July 1, 2008, to take into account the change resulting from the 2008-2012 collective bargaining contract between Consolidated Edison Company of New York, Inc. and Local Union No. 1-2 of the Utility Workers Union of America, AFL-CIO. Effective July 1, 2008, each Local 1-2 Participant who meets certain age and service requirements and continues in active employment will be entitled to earn a special pension accrual during the designated period.

The Plan was amended, effective January 1, 2009, to provide that a CECONY Management Participant who meets certain age and service requirements will be entitled to earn a special pension accrual during a designated period. Also, in December 2008, the IRS issued Notice 2008-108, the 2008 Cumulative List of Changes in Plan Qualification. The 2008 Determination Letter reflects law changes under the Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA), Pub. L. 107—16 (with technical corrections made by the Job Creation and Worker Assistance Act of 2002 (JCWAA)), Pub. L. 104—147, the Pension Funding Equity Act of 2004 (PFEA), Pub. L. 108—218, the American Jobs Creation Act of 2004 (AJCA), Pub. L. 108—357, the Katrina Emergency Tax Relief Act of 2005 (KETRA), Pub. L. 109—73, the Gulf Opportunity Zone Act of 2005 (GOZA), Pub. L. 109—135, the Pension Protection Act of 2006 (PPA ‘06), Pub. L. 109—280, and the U.S. Troop Readiness, Veterans’ Care, Katrina Recovery, and Iraq Accountability Appropriations Act, 2007, Pub. L. 110—28. As of October 2009, the Retirement Plan was amended to take into account those changes required in the 2008 Cumulative List of Changes in Plan Qualification that were not yet included in the document.

On April 21, 2009, the Public Service Commission of New York State issued an “Order Setting Rates” reflecting a proposed downward adjustment to the revenue requirement of CECONY amounting to $60 million (“April ’09 Austerity Order”). In response to the April ‘09 Austerity Order, CECONY adopted

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The Consolidated Edison Retirement Plan – Part I

certain austerity measures, including a temporary salary reduction for CECONY management employees in salary bands three and above, including employees in band numbers 63 up to and including 66, as well as officers (“CECONY Austerity Affected Participants”). CECONY decided that the temporary salary reductions should not have an adverse effect on the long-term pension allowances of CECONY Austerity Affected Participants. Without the Austerity Retirement Plan Amendment, CECONY feared unanticipated and unexpected increases in retirements by CECONY Austerity Affected Participants.

Also, on May 15, 2009, the PSC issued an order (“May ’09 Austerity Order”) directing each major electric and gas utility in New York to examine its capital expenditures, operation and maintenance expenses, and any other areas over which the utility may have discretion in order to identify costs that may be reduced without impairing the ability to provide safe and adequate service. Pursuant to the May ’09 Austerity Order, O&R adopted certain Austerity Measures, including: (i) a temporary salary freeze for O&R officers and management employees through June 30, 2010, and (ii) certain amendments that would apply to O&R officers and management employees participating in the Retirement Plan (“O&R Austerity Affected Participants”).

The Plan was amended, July 1, 2009, with various effective dates, to take into account the changes resulting from the collective bargaining agreement effective June 1, 2009, between O&R and Local 503. First, effective January 1, 2011, for an O&R Hourly Participant who retires on or after January 1, 2011, the pivot year will change from January 1, 2000, to January 1, 2003. Second, effective January 1, 2014, for an O&R Hourly Participant who retires on or after January 1, 2014, the pivot year will change from January 1, 2003, to January 1, 2006. Third, effective January 1, 2011, each O&R Hourly Participant who begins his or her Pension Allowance on or after age 60 will receive a supplemental monthly payment of $900 - increased from $800 – per month for each month before age 62. Fourth, each O&R hourly employee hired on and after January 1, 2010, will be covered under the cash balance formula.

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The Consolidated Edison Retirement Plan – Part I

The Plan was amended, effective June 27, 2009, to take into account two changes resulting from the 2009 –2013 Collective Bargaining Contract between CECONY and Local 3. First, effective June 27, 2009, each CECONY Weekly Local 3 employee who was on the payroll as of June 26, 2009, will be eligible for an unreduced early retirement pension allowance benefit at age 55 (lowered from age 59) and 30 years of Accredited Service. Second, each CECONY Weekly Local 3 employee hired on and after January 1, 2010, will be covered under the cash balance formula.

The Plan was amended, effective January 1, 2011, to change the pivot year from January 1, 2000, to January 1, 2003, for an O&R Management Participant who retires on or after January 1, 2011. Also, effective January 1, 2011, each O&R Management Participant who begins his or her Pension Allowance on or after age 60 will receive a supplemental monthly payment of $900 - increased from $800 – per month for each month before age 62.

Internal Revenue Code § 401(a)(37), added by the HEART Act, requires the Retirement Plan to provide that the survivors of a Participant who dies on or after January 1, 2007, while performing qualified military service, be entitled to any additional benefits, —other than benefit accruals relating to the period of qualified military service,—that would have been provided under the Retirement Plan had the Participant resumed employment and then terminated employment on account of death. Currently, the Retirement Plan provides that an employee reemployed under Uniformed Services Employment Reemployment Recovery Act (USERRA) is treated as not having incurred a break in service because of the period of qualified military service and the employee’s qualified military service is treated as service with the employer for vesting and benefit accrual purposes.

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The Consolidated Edison Retirement Plan – Part I

Effective January 1, 2010, the Retirement Plan is amended to take into account the adoption of the same cash balance formula covering management employees hired on and after January 1, 2001 for Local 503 members hired on and after January 1, 2010, by O&R and Local 3 members hired on and after January 1, 2010, by CECONY, both as negotiated and agreed upon during collective bargaining negotiations. Additionally, the Retirement Plan is amended to take into account the change from age 59 to age 55 for Local 3 Participants who were or are hired on and after June 26, 2005 and on and before December 31, 2009 by CECONY and who are eligible for an unreduced early retirement pension allowance, as agreed upon during collective bargaining negotiations between CECONY and Local 3.

In accordance with Internal Revenue Code § 401(a)(37), the Retirement Plan is being amended to provide vesting credit –but not benefit accrual service credit —for the period of the deceased Participant’s period of qualified military service.

In accordance with Revenue Procedure 2011-6, 2011-1 I.R.B. 195, the Plan was amended, restated, and submitted to the IRS for a favorable determination letter taking into account the Heroes Earnings Assistance and Relief Tax Act of 2008 (HEART Act), Pub. L. 110-245, the Worker, Retiree, and Employer Recovery Act of 2008 (WRERA), Pub. L. 110-458, and the Small Business Jobs Act of 2010 (SBJA), Pub. L. 111-240. Additionally, as part of the restatement submission, Part II (a) was updated solely to eliminate from the current document actuarial tables that no longer apply.

On August 30, 2013, the Plan received a favorable determination letter which will expire on January 31, 2017. The letter considered the 2010 Cumulative List of Changes in Plan Qualification Requirements.

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The Consolidated Edison Retirement Plan – Part I

Since the date – January 2012 – that the Plan was submitted to the IRS for a favorable determination letter, the Plan has been amended as follows:

1. In June 2013, the Internal Revenue Service Agent requested a plan amendment taking into account a change to the definition and determination of “key employee,” for purposes of top-heavy status. The Plan was amended to address the change.

2. In February 2012, the Boards upon having adopted recommendations from Mary Adamo, Vice President, Human Resources, the Retirement Plan was amended to take into account changes: to the early retirement age for certain CECONY Management Participants and O&R Management Participants; the elimination of the subsidized 50% joint and survivor benefit for certain CECONY Management Participants; and a change in the structure of the Named Fiduciaries.

3. As a result of the July 2012 collective bargaining negotiations between Local 1-2 and CECONY, the Retirement Plan was amended to provide that employees who are hired, rehired, or transferred, on or after July 1, 2012, into a Local 1-2 title, will have their pension benefits calculated under the cash balance formula.

4. Also, on June 30, 2012, the Plan Administrator adopted a change, effective July 1, 2013, to the Suspension of Benefits Rule and other administrative and/or operational changes that are not material, and promote further efficiencies and uniformity in plan administration.

5. As a result of the June 2013 collective bargaining negotiations between Local 3 and CECONY, the Retirement Plan was amended to adopt a “Pension Choice” temporary program during which certain existing Local 3 members will have a choice between continuing their participation in the Retirement Plan for their pension benefits or transferring out of the Retirement Plan and earning future pension benefits under a new Defined Contribution Pension Formula. The Pension Choice program will also be extended to newly hired Local 3 members who will be given a choice to earn their pension benefits

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The Consolidated Edison Retirement Plan – Part I

(1) under the Cash Balance Pension Formula of the Retirement Plan or (2) under the new Defined Contribution Pension Formula. Additionally, the Retirement Plan is being amended to make as the normal form of pension benefit for benefits accruing after June 30, 2014, a non-subsidized joint and 50% survivor annuity for certain CECONY Weekly Participants.

Except as otherwise specifically provided herein, the rights and benefits of any Participant who retires or whose employment is terminated are determined in accordance with the provisions of the Plan as in effect and operative at the time of such retirement or termination. However, special rules may apply in the event a Participant experiences a rehire, a transfer, or a break in service employment.

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The Consolidated Edison Retirement Plan – Part I

Article I

Definitions

1.01 Accredited Service means service recognized for purposes of computing the amount of any Pension Allowance and is determined as provided in Section 3.02.

1.02 Accumulated Benefit means a CEI Participant’s Pension Allowance at any date and accrued to that date.

1.03 Accumulated Contributions means the sum of an O&R Participant’s contributions to the O&R Plan plus interest at the rate per annum, compounded annually, of 2 ¹⁄₂ per centum prior to January 1, 1963; 3 per centum after December 31, 1962, and prior to January 1, 1976; 5 per centum after December 31, 1975, and prior to January 1, 1981; 6 per centum after December 31, 1980, and prior to January 1, 1986; 7 per centum after December 31, 1985, and prior to January 1, 1988, and after December 31, 1987, the interest rate determined pursuant to the provisions of Code Section 411(c)(2)(C) as in effect from time to time thereafter.

1.04 Actuarial Equivalent means equivalent value determined on the basis of the applicable factors set forth in

a. Appendix A, Sub appendix A-1 for CECONY Participants,

b. Appendix A, Sub appendix A-2 for O&R Participants,

c. Appendix A, Sub appendix A-3 for CEI Participants, except as otherwise specified in the Retirement Plan, and

d. Effective January 1, 2008, Appendix A, Sub appendix A-4 for Domestic Partner Benefits including a Pre-retirement Domestic Partner Survivor Annuity and a Post–retirement Domestic Partner Survivor Annuity Benefit.

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The Consolidated Edison Retirement Plan – Part I

1.05 Adjusted IRS Interest Rate means, before January 1, 2009, for a CECONY Participant, the rate of interest, used in conjunction with the IRS Interest Rate in the calculation of the present value of benefits, to take account the prospective cost-of-living adjustments which shall be determined by:

a. dividing the IRS Interest Rate, as determined for a Participant’s Annuity Starting Date, by 100;

b. adding 1.0000 to the amount determined under (a);

c. dividing the amount determined in (b) by the lesser of (x) the sum of (A) 0.9694, plus (B) the product of 0.7194 and the amount determined in (a), or (y) 1.0300;

d. subtracting 1.0000 from the amount determined in (c); and

e. multiplying the amount determined in (d) by 100, provided, however, that in no event shall the Adjusted IRS Interest Rate exceed the IRS Interest Rate as of any date of determination.

Effective for determining a CECONY Participant’s present value of benefits on and after January 1, 2009, the Adjusted IRS Interest Rate means the rate of interest used in conjunction with the IRS Interest Rate in the calculation of the present value of benefits. The adjustment to the IRS Interest Rate is made to reflect the prospective cost of living adjustments, pursuant to section 11.02, and is determined in the following manner:

f. First, the annual percentage change in Consumer Price Index, All Urban Consumers - US City Average (“CPI-U”) is measured in October of each year. The period begins on October 1st of the prior year and ends September 30th of the current year. Each of the past ten annual periods is compiled.

g. Second, to the extent that any of the annual percentage changes in (a) are/were greater than 4%, the change for that annual period is limited to 4%.

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The Consolidated Edison Retirement Plan – Part I

h. Third, the 10 annual periods, after an adjustment, if necessary under (b), are multiplied together to determine the cumulative 10-year impact of the CPI-U Index.

i. Fourth, the cumulative impact calculated in (c) is annualized so that the resulting number, multiplied by itself 10 times will result in the cumulative impact calculated in (c).

j. Fifth, the assumed automatic cost-of-living adjustment is 75% of the average CPI in the fourth step (d) rounded to the nearest .001. The results of the first to the fourth steps are done without any rounding.

k. Fifth, the annualized number from (d) is the CPI used to adjust the IRS Interest Rate segments published monthly for use during the following calendar year (January to December).

l. The Adjusted Interest Rate is determined by dividing the IRS Interest Rate for each segment by the adjustment determined in the fifth step in (e). This step can be expressed by the formula: (1+ IRS Segment Rate) / (1+ Adjustment) -1.

1.06 Affiliate means any company which is a member of a controlled group of corporations (as defined in Code Section 414(b)), which also includes as a member the Company, any trade or business under common control (as defined in Code Section 414(c)), with the Company, any organization (whether or not incorporated) which is a member of an affiliated service group (as defined in Code Section 414(m)), which includes the Company, and any other entity required to be aggregated with the Company pursuant to regulations under Code Section 414(o). Notwithstanding the foregoing sentence, for purposes of determining the Maximum Benefit Limitation, the definitions in Code Sections 414(b) and (c) shall be modified as provided in Code Section 415(h).

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The Consolidated Edison Retirement Plan – Part I

1.07 Annual Basic Straight-Time Compensation means:

a. for a CECONY Weekly Employee, his or her regular stated rate of pay in his or her last pay period in each calendar year, determined prior to any Pre-Tax Contributions, on which overtime and other premium payments are based, and, except as set forth in the definition of Final Average Pay, does not include premium, overtime payments, or similar payments. In the case of an hourly-paid CECONY Weekly Employee, Annual Basic Straight-Time Compensation will be determined by multiplying the CECONY Weekly Employee’s hourly rate by his or her regular weekly schedule of hours multiplied by fifty-two (52); and

b. effective as of January 1, 2001, for a CECONY Management Participant, a CEI Participant and a CECONY Transferred Participant, his or her regular stated annual rate of salary in his or her last pay period in each calendar year, determined prior to any Pre-Tax Contributions, excluding premium pay, overtime pay, payments under deferred compensation, incentive, or other employer benefit or compensation plans, and all other forms of special pay. For a CEI Participant, his or her regular stated annual rate of salary is determined on the last pay period in each calendar quarter (and not on the last pay period in each calendar year). If a CEI Participant is covered by a collective bargaining agreement, his or her Annual Basic Straight Time Compensation means his or her hourly rate of pay at the end of each calendar quarter times 520 hours.

c. If a CEI Participant’s Annual Basic Straight Time Compensation includes a shift differential that is included in his or her rate of pay, the shift differential is included in Annual Basic Straight Time Compensation. For a CEI Participant who is a member of Local 3, Annual Basic Straight Time Compensation includes one hundred percent (100%) of the aggregate amount of his or her pay attributable exclusively to Sunday premium pay and night shift and midnight shift differential premium pay during a calendar year.

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The Consolidated Edison Retirement Plan – Part I

d. Because of the Austerity Measures and only during the CECONY Austerity Period, for a CECONY Austerity Affected Participant, Annual Basic Straight –Time Compensation is his or her regular stated annual rate of salary determined on either (i) the last pay period in calendar year 2009 or, if greater, (ii) at the end of June 2009. If the June 2009 salary rate is higher than a later salary rate, the June 2009 salary rate will be taken into account only if it is higher on account of Austerity Measures.

e. Because of the Austerity Measures and only during the CECONY Austerity Period, for a CEI Participant who is a CECONY Austerity Affected Participant, Annual Basic Straight-Time Compensation is his or her regular stated annual rate of salary determined on either (i) the last pay period in each calendar quarter or, if greater, (ii) in the last pay period of June 2009. If the June 2009 salary rate is higher than the salary rate at the end of a later calendar quarter, the June 2009 salary rate will be taken into account only if it is higher on account of Austerity Measures.

f. Because of the Austerity Measures and only during the O&R Austerity Period, for a CEI Participant who is an O&R Management Employee of O&R, Annual Basic Straight-Time Compensation in the first two calendar quarters of 2010 is the salary rate he or she would have received but for the Austerity Measures. If the CEI Participant is an O&R Management Employee and, at the end of the Austerity Period, receives an increase in his or her salary rate, the increased rate will be deemed to have occurred in January 2010 or April 2010, or when it would have otherwise occurred but for the Austerity Measures.

g. Effective January 1, 2010, Annual Compensation for a CEI Participant who is an O&R Hourly Employee means his or her Annual Rate of Compensation.

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The Consolidated Edison Retirement Plan – Part I

1.08 Annual Compensation means:

a. for a CECONY Weekly Employee, his or her Annual Basic Straight-Time Compensation;

b. for a CECONY Management Participant and a CECONY Transferred Participant, for Plan Years commencing prior to January 1, 1999, his or her Annual Basic Straight-Time Compensation;

c. for a CECONY Management Participant, a CECONY Transferred Participant, and a CEI Participant, for Plan Years commencing on and after January 1, 1999, the sum of his or her Annual Basic Straight-Time Compensation and Annual Variable Pay Award;

d. for an O&R Management Employee, his or her Annual O&R Management Compensation; and

e. for an O&R Hourly Employee, his or her Annual Rate of Compensation.

Beginning for Plan Years on and after December 31, 1997 up to and including Plan Year 1999, Annual Compensation will not exceed $160,000. Annual Compensation will not exceed $170,000 for 2000 and 2001. Beginning for Plan Years on and after 2002, Annual Compensation will not exceed $200,000 as adjusted from time to time in accordance with Code Section 401(a)(17)(B). The cost-of-living adjustment in effect for a calendar year applies to Annual Compensation for the determination period that begins with or within the calendar year. Effective January 1, 1997, the compensation limit shall be applied without regard to the family aggregation provisions of Code Section 414(q)(6), as in effect prior to the amendment by the Small Business Job Protection Act of 1996, in determining benefit accruals for Plan Years beginning on and after January 1, 1997, and, to the extent permissible under the IRS rules or regulations, for any earlier Plan Year.

1.09 Annual O&R Management Compensation means the regular remuneration paid to an O&R Management Employee on the basis of his or her

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The Consolidated Edison Retirement Plan – Part I

regular workweek, determined prior to any Pre-Tax Contributions, plus any awards paid to an O&R Management Employee after January 1, 1997, under the Orange and Rockland Utilities, Inc. Annual Team Incentive Plan (“ATIP”) (such ATIP awards shall be credited to Annual O&R Management Compensation in the year in which paid). Annual O&R Management Compensation excludes any bonuses (other than ATIP awards), overtime, other special pay and O&R’s cost for any public or private employee benefit plan including the Retirement Plan. An O&R Management Employee receiving credit for Vesting Service and Credited Service on the basis of receipt of long-term disability benefits under a plan sponsored by O&R shall be credited with Annual O&R Management Compensation for that period at the same rate he or she had been receiving when last actively at work.

Notwithstanding anything to the contrary in this definition, ATIP awards will be considered as Annual O&R Management Compensation only if paid in a year in which the O&R Management Employee is on the active payroll of the Company or an Affiliate. Also, if the final day on which an O&R Management Employee is on the active payroll is prior to the ATIP award payment date in the year which contains such final day on the active payroll, the ATIP award paid to such O&R Management Employee in such year shall be deemed to have been received during his or her Credited Service for the purpose of determining his or her Pension Allowance. When determining an O&R Management Employee’s rate of Annual O&R Management Compensation as of a particular date, for the purpose of determining his or her deemed Annual O&R Management Compensation, during a period of deemed Credited Service, the ATIP component of that Annual O&R Management Compensation rate shall be based upon the ATIP award paid to the O&R Management Employee in the year which contains the last date on which such O&R Management Employee is on the active payroll of the Company or an Affiliate.

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The Consolidated Edison Retirement Plan – Part I

Because of the Austerity Measures and only during the O&R Austerity Period, for an O&R Management Participant, Annual O&R Management Compensation means his or her regular remuneration except that, if and when an Affected O&R Management Participant receives a salary increase, he or she will be treated as if the salary was increased in January 2010 or April 2010, when it would have otherwise occurred but for the Austerity Measures. The result is that the O&R Management Participant’s Annual O&R Management Compensation for 2010 will not be his or her regular remuneration but his or her regular remuneration plus the amount of the increase, if any, taken into account earlier than the date actually received in 2010.

1.10 Annual Rate of Compensation means, for an O&R Hourly Employee paid at an hourly or weekly rate, the regular remuneration paid to an O&R Hourly Employee on the basis of his or her regular workweek, determined prior to any Pre-Tax Contributions, and excluding any bonuses, overtime, or special pay, O&R’s cost for any public or private employee benefit Retirement plan including the Retirement Plan, for the last regular work week immediately preceding the date the Annual Rate of Compensation is being computed multiplied by 52. An O&R Hourly Employee receiving credit for Vesting Service and Credited Service on the basis of receipt of long-term disability benefits under the plan of such benefits sponsored by O&R shall be credited with Annual O&R Hourly Compensation for that period at the same rate he or she had been receiving when last actively at work.

1.11 Annual Variable Pay Award means the amount awarded, if any, to a Participant in a Plan Year under CECONY’s variable pay compensation plan or O&R’s ATIP. For an Employer other than CECONY or O&R, Annual Variable Pay Award means the amount awarded, if any, to a Participant in a Plan Year under that Employer’s short-term incentive compensation plan that has been approved by the Plan Administrator. Approval by the Plan Administrator of any short-term

27

The Consolidated Edison Retirement Plan – Part I

incentive compensation plan is on a prospective basis. Effective November 15, 2001, the amount of any award to be counted under this Retirement Plan for a CECONY Participant or a CEI Participant shall not exceed 25% of the Participant’s rate of base annual salary or pay in effect as of January 1 of the Plan Year in which the award is made. Any awards under a long-term incentive compensation plan shall not be includible in any Annual Variable Pay Award. Commissions paid by an Employer also shall be considered to have been awarded pursuant to a short-term incentive compensation plan and shall be subject to the overall aggregate limit of 25% of base annual salary (exclusive of commissions).

1.12 Annuity Starting Date or ASD means, unless the Plan expressly provides otherwise, the first day of the first period in or for which an amount is due as an annuity or any other form.

1.13 Approved Leave of Absence means, for an O&R Employee, an absence from employment, granted to and approved by O&R in a uniform and non-discriminatory manner; it also means an absence for service in the Armed Forces or other governmental agency, provided that, and only so long as, reemployment rights are protected by law.

1.14 Austerity Measures mean for CECONY, certain measures taken in response to the April ‘09 Austerity Order, including a temporary salary reduction for CECONY Management Employees in salary bands three and above as well as officers. Austerity Measures means, for O&R, certain measures taken in response to the May ‘09 Austerity Order, including a temporary salary freeze for O&R Management Employees as well as officers.

1.15 Beneficiary means the person, persons, or entity named by a Participant by written designation filed with the Plan Administrator to receive payments after the Participant’s death.

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The Consolidated Edison Retirement Plan – Part I

1.16 Board means the Board of Trustees of CECONY, as from time to time constituted, or its delegate.

1.17 Break in Service means a Plan Year in which an Employee completes 500 or fewer Hours of Service.

1.18 Cash Balance Account means a hypothetical bookkeeping account to which is credited the allocations and interest credits on behalf of a CEI Participant pursuant to Article IV.

1.19 Cash Balance Accrued Benefit means the Cash Balance Account, as of any determination date, projected to Normal Retirement Date at the “applicable interest rate,” as defined in this paragraph, and payable at Normal Retirement Date in the form of a single life annuity for the life of the CEI Participant. The amount of the single life annuity will be determined using the IRS Interest Rate and IRS Mortality Table. The “applicable interest rate” will be equal to four times the interest rate taken into account pursuant to Section 4.02(b)(2), called “Interest Credits to Cash Balance Account,” in the determination of interest credits allocated to the Participant’s Cash Balance Account for the quarter that includes the date of determination. Beginning on January 1, 2012, the Cash Balance Accrued Benefit may be referred to as the Accumulated Benefit, as defined in Treasury Regulation, Section 1.411(a).

1.20 Cash Balance Single Sum Payment means a lump sum payment in the amount of the Participant’s Cash Balance Account at the Participant’s Annuity Starting Date, or, effective January 1, 2012, the Participant’s Accumulated Benefit.

1.21 Cash Out means a lump sum distribution of the Actuarial Equivalent of 100% of the Participant’s nonforfeitable accrued Pension Allowance. The Cash Out does not apply to a CEI Participant who elects a Cash Balance Single Sum Payment.

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The Consolidated Edison Retirement Plan – Part I

1.22 CECONY means the Consolidated Edison Company of New York, Inc., and any successor by merger, purchase or otherwise.

1.23 CECONY Austerity Affected Participant means a CECONY management employee in salary bands three and above, including employees in band numbers 63 up to and including 66, as well as officers.

1.24 CECONY Austerity Period means the period that begins on July 1, 2009 and ends on June 30, 2010.

1.25 CECONY Local 3 Employee –1 means a CECONY Weekly Employee who is a member of Local 3 and hired on or after June 26, 2005.

1.26 CECONY Management Participant means (i) a Participant who was in the CECONY Management Plan on or before December 31, 2000; (ii) a “transferred O&R Management Participant,” as defined in Appendix C, who by the terms and operation of Appendix C, becomes a CECONY Management Participant and is not covered under the cash balance formula; (iii) and an Affected IP Employee (as defined in Appendix J) hired on or after January 1, 2001, on the management payroll of CECONY and who, but for this provision, would have been a CEI Participant. Unless otherwise explicitly set forth, reference to a “CECONY Management Participant” includes a CECONY Management Participant who has not attained age 50 on or before January 1, 2013 (hereinafter a “CECONY Management Participant Tier 1”).

Effective January 1, 2013, a CECONY Management Participant Tier 1 is distinguished from a CECONY Management Participant in two ways: (1) in determining his or her Early Retirement Pension Allowance, and (2) in calculating his or her Pension Allowance if that Allowance is taken in form of a surviving spousal benefit.

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The Consolidated Edison Retirement Plan – Part I

1.27 CECONY Management Plan means the Consolidated Edison Retirement Plan for Management Employees, as in effect on December 31, 2000.

1.28 CECONY Participant means a CECONY Weekly Participant, a CECONY Management Participant and a CECONY Transferred Participant. CECONY Participant also means a former employee and/or retiree of CECONY who, as of December 31, 2000, had a vested right to a Pension Allowance from the CECONY Management Plan or the CECONY Weekly Plan. A CECONY Participant does not include a CEI Participant.

1.29 CECONY Retiree Health Program means The Consolidated Edison Retiree Health Program.

1.30 CECONY Transferred Participant means a CECONY Management Participant who transfers directly, without a break in employment, from the payroll of CECONY to the payroll of O&R, a CEI Affiliate, or another Employer.

1.31 CECONY Weekly Employee means an Eligible Employee employed by and on the weekly payroll of CECONY who is a member of Local 1-2, or a member of Local 3. In all cases other than those cases explicitly set forth otherwise, reference to a “CECONY Weekly Employee” includes a CECONY Weekly Employee-1 and a CECONY Local 3 Employee-1.

A CECONY Weekly Participant does not include an employee hired, rehired (except a former employee member of the Local 1-2 bargaining unit covered under the final average pay formula and who deferred receipt of a pension benefit), or transferred (except for an employee who transferred back into the Local 1-2 bargaining unit and who was previously covered by the final average pay formula) into Local 1-2 on or after July 1, 2012. An employee hired, rehired, or transferred into Local 1-2 on or after July 1, 2012 (and not falling within the exceptions above) is covered by the cash balance formula and therefore classified in the Retirement Plan as a CEI Participant.

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The Consolidated Edison Retirement Plan – Part I

1.32 CECONY Weekly Employee-1 means a CECONY Weekly Employee who is a member of Local 1-2 Weekly and hired on and after June 27, 2004.

1.33 CECONY Weekly Participant means a CECONY Weekly Employee who was a Participant in the CECONY Weekly Plan or becomes a Participant in this Retirement Plan. A CECONY Weekly Participant does not include a member of Local 3 hired on or after January 1, 2010, unless otherwise specifically stated. A member of Local 3 hired on or after January 1, 2010, as a CECONY Weekly Employee is covered by the cash balance formula and therefore classified in the Retirement Plan as a CEI Participant.

1.34 CECONY Weekly Participant-1 means a CECONY Weekly Employee-1 and a CECONY Local 3 Employee-1, who participates in the Retirement Plan.

1.35 CECONY Weekly Plan means the Consolidated Edison Pension and Benefits Retirement Plan as in effect on December 31, 2000.

1.36 CEI Affiliate or CEI Affiliates means one or more than one, of the Affiliates of CEI, including, as of January 1, 2011, Consolidated Edison Solutions, Inc. (“CES”); Consolidated Edison Energy, Inc. (“CEE”); and Consolidated Edison Development, Inc. (“CED”); provided, however, that from time to time, as a result of corporate transactions or otherwise, one or more of the CEI Affiliates may no longer be an Affiliate. Only an Affiliate or an Employee of an Affiliate is permitted to participate in the Plan.

Effective as of January 1, 2004, a CEI Affiliate includes Competitive Shared Services (“CSS”). Beginning July 2004, a CEI Affiliate will be only the current CEI Affiliates and, thereafter, those entities referred to in the Appendices. Effective January 1, 2010, a CEI Affiliate is an Affiliate that has affirmatively adopted the Plan and has been affirmatively approved by the Board of Trustees or Board as a Participating Employer.

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The Consolidated Edison Retirement Plan – Part I

1.37 CEI Participant means an Eligible Employee of CECONY or O&R who is on the management payroll and hired on or after January 1, 2001. A CEI Participant is not an Affected IP Employee (as defined in Appendix J). CEI Participant also means an Eligible Employee of a CEI Affiliate for whom the CEI Affiliate has elected to extend and CECONY has approved the participation in the Retirement Plan, as set forth in Appendix B. CEI Participant also means an Eligible Employee of an Affiliate that becomes an Employer on or after January 1, 2001, and for whom such Employer, with the consent of CECONY, extends participation.

A CEI Participant also means an O&R Hourly Employee hired on or after January 1, 2010, and a CECONY Weekly Employee who is a member of Local 3 and hired on or after January 1, 2010.

A CEI Participant also means an employee who is hired, rehired (except a former employee member of the Local 1-2 bargaining unit covered under the final average pay formula and who deferred receipt of a pension benefit), or transferred (except for an employee who transferred back into Local 1-2 bargaining unit and who was previously covered by the final average pay formula) into Local 1-2 on or after July 1, 2012.

1.38 Code means the Internal Revenue Code of 1986, as amended from time to time.

1.39 Code Section 415(c)(3) Compensation means the inclusion of the Employee’s wages, salaries, fees for professional services, and other amounts received (without regard to whether or not an amount is paid in cash) for personal services actually rendered in the course of employment, with the employer maintaining the Plan, to the extent that the amounts are includible in gross income.

Code Section 415(c)(3) Compensation includes amounts that would have been received and includible in gross income but for an election under section 125(a),

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The Consolidated Edison Retirement Plan – Part I

132(f)(4), 402(e)(3), 402(h)(1)(B), 402(k), or 457(b). Compensation includes, but is not limited to, commissions paid to salespersons, compensation for services on the basis of a percentage of profits, commissions on insurance premiums, tips, bonuses, fringe benefits, and reimbursements or other expense allowances under a nonaccountable plan as described in § 1.62-2(c).

Code Section 415(c)(3) Compensation includes amounts described in section 104(a)(3), 105(a), or 105(h), but only to the extent that these amounts are includible in the gross income of the Employee.

Code Section 415(c)(3) Compensation includes amounts paid or reimbursed by the Employer for moving expenses incurred by an Employee, but only to the extent that at the time of the payment it is reasonable to believe that these amounts are not deductible by the Employee.

Code Section 415(c)(3) Compensation includes the value of a nonstatutory option granted to an Employee, but only to the extent that the value of the option is includible in the gross income of the Employee for the taxable year in which granted.

Code Section 415(c)(3) Compensation includes amounts includible in the gross income of an Employee upon making the election described in section 83(b).

Code Section 415(c)(3) Compensation includes amounts that are includible in the gross income of an Employee under the rules of section 409A or section 457(f)(1)(A) or because the amounts are constructively received by the Employee.

Code Section 415(c)(3) Compensation does not include contributions (other than elective contributions described in section 402(e)(3), section 408(k)(6), section 408(p)(2)(A)(i), or section 457(b)) made by the Employer to a plan of deferred compensation to the extent that the contributions are not includible in the gross income of the Employee for the taxable year in which contributed to the extent such contributions are not includible in the Employee’s gross income for the taxable year in which contributed.

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The Consolidated Edison Retirement Plan – Part I

Code Section 415(c)(3) Compensation does not include any distributions from a plan of deferred compensation, whether or not qualified, regardless of whether such amounts are includible in the gross income of the Employee when distributed.

Code Section 415(c)(3) Compensation does not include amounts realized from the exercise of a nonstatutory option (which is an option other than a statutory option as defined in § 1.421-1(b)), or when restricted stock or other property held by an Employee either becomes freely transferable or is no longer subject to a substantial risk of forfeiture (see section 83 and regulations promulgated under section 83).

Code Section 415(c)(3) Compensation does not include amounts realized from the sale, exchange, or other disposition of stock acquired under a statutory stock option (as defined in § 1.421-1(b)).

Code Section 415(c)(3) Compensation does not include other amounts that receive special tax benefits, such as premiums for group-term life insurance (but only to the extent that the premiums are not includible in the gross income of the Employee and are not salary reduction amounts that are described in section 125).

For Plan Years beginning after July 1, 2007, Code Section 415(c)(3) Compensation also includes compensation paid by the later of 2  ¹⁄₂ months after an Employee’s Severance or the end of the Plan Year that includes the date of the Employee’s Severance with the Employer if: (i) the payment is regular compensation for services during the Employee’s regular working hours, or compensation for services outside the Employee’s regular working hours, such as overtime or shift differential, commissions, bonuses, or other similar payments, and absent a Severance, the payments would have been paid to the Employee

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The Consolidated Edison Retirement Plan – Part I

while the Employee continued in employment with the Employer; (ii) the payment is for unused accrued bona fide sick, vacation or other leave that the Employee would have been able to use if employment had continued; or (iii) the payment is received by the Employee pursuant to a nonqualified unfunded deferred compensation plan and would have been paid at the same time if employment had continued, but only to the extent includible in gross income. Any payment not described above shall not be considered Code Section 415(c)(3) Compensation, even if paid by the later of 2  ¹⁄₂ months after the date of Severance or the end of the Plan Year that includes the date of Severance.

1.40 Company means CEI or any successor by merger, purchase or otherwise.

1.41 Consolidated RPA ’94 Lump Sum Conversion Factors means, effective January 1, 1997, the table of actuarial factors used to convert an immediate or deferred annuity, determined in accordance with or by reference to Section 4.02, into an actuarially equivalent lump sum. Such factors shall be based on the IRS Mortality Table and shall take into account the IRS Interest Rate for the period prior to a Participant’s Normal Retirement Date and the Adjusted IRS Interest Rate for the period subsequent to the Participant’s Normal Retirement Date.

However, for a CECONY Local 3 Employee -1, such factors shall be based on the IRS Mortality Table and shall take into account the IRS Interest Rate for the period prior to a Participant’s Normal Retirement Date and the IRS Interest Rate for the period subsequent to the Participant’s Normal Retirement Date.

The enrolled actuary shall provide to the Plan Administrator tables of Consolidated RPA ’94 Lump Sum Conversion Factors determined on the basis of the IRS Interest Rate in effect in each “lookback month” as that term is defined in the definition of IRS Interest Rate.

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The Consolidated Edison Retirement Plan – Part I

1.42 Credited Service means each Plan Year in which the O&R Participant has earned or is credited with a Year of Vesting Service during Plan participation. Effective on and after January 1, 2001, Credited Service means Accredited Service.

1.43 Disability means a total and permanent disability, which qualifies the Participant to receive Social Security disability benefits.

1.44 Domestic Partner means the person who meets the criteria enumerated in Article XIV and is registered as the Domestic Partner of a Participant.

1.45 Effective Date means (i) August 1, 1975, for the CECONY Weekly Plan; (ii) January 1, 1983, for the CECONY Management Plan; (iii) February 1, 1954, for the O&R Plan; and (iv) January 1, 2001, for this merged single Retirement Plan.

1.46 Eligible Employee means, in the case of CECONY and O&R, unless otherwise excluded, an Employee. In the case of a CEI Affiliate, only a CECONY Transferred Participant is an Eligible Employee. If a CEI Affiliate has elected or elects, with the written approval of CECONY, to extend participation in the Retirement Plan, as set forth in Appendix B, to one or more of its employees, then an Eligible Employee is a person employed by a CEI Affiliate that is a participating employer. An Employee employed at a CEI Affiliate that is not a participating employer and does not have the written approval of CECONY is not an Eligible Employee. In the case of any other Employer, an Eligible Employee is only the person(s) to whom such Employer specifically elects or elected, with the approval of CECONY, to extend participation in this Plan, as set forth in Appendix B.

An Eligible Employee does not mean a person working on a temporary or seasonal basis. An Eligible Employee is not a Leased Employee or a person who has entered into a written contract that provides he or she (a) is an independent contractor and not an Employee and/or (b) waives participation in the Retirement Plan. An independent contractor shall not be eligible to participate in the Plan

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The Consolidated Edison Retirement Plan – Part I

during the period the written contract is in effect without regard to whether such person is reclassified as an Employee for such period by the IRS for tax withholding purposes. Effective January 1, 2001, an Eligible Employee does not include an employee or individual receiving a Pension Allowance unless he or she is in a Non-Suspendible Month.

1.47 Employee means any individual who is employed by and a common law employee of the Company, an Employer, or an Affiliate or who is a Leased Employee. An Employee means a person who is receiving compensation other than a pension, severance pay, a retainer, or fee under contract.

1.48 Employer or Employers means one, more than one, or all, as the context so indicates, of CECONY, O&R, each CEI Affiliate, and each Affiliate to the extent that it has elected or elects, in the future, to participate in the Plan with the written consent of CECONY.

1.49 ERISA means the Employee Retirement Income Security Act of 1974, as amended from time to time.

1.50 Final Average Pay means, for purposes of a CECONY Weekly Employee, the average of Annual Basic Straight-Time Compensation, calculated to the nearest whole dollar, for the sixty (60) consecutive calendar months, out of the last one hundred twenty (120) months of his or her Accredited Service which produce the highest average.

Effective for retirements on and after June 27, 2004, Final Average Pay means, for a CECONY Weekly Employee who is a member of Local 1-2 Weekly, the average of Annual Basic Straight-Time Compensation calculated to the nearest whole dollar for the forty eight (48) consecutive calendar months out of the last one hundred twenty (120) months of his or her Accredited Service which produce the highest average.

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The Consolidated Edison Retirement Plan – Part I

Effective for retirements after June 26, 2005, Final Average Pay means, for a CECONY Weekly Employee who is a member of Local 3 Weekly, other than a CECONY Local 3 Employee-1, the average of Annual Basic Straight-Time Compensation calculated to the nearest whole dollar for the forty eight (48) consecutive calendar months out of the last one hundred twenty (120) months of his or her Accredited Service which produce the highest average.

If a CECONY Weekly Employee has less than sixty (60) or for retirements on and after June 27, 2004, or for a CECONY Local 3, other than a CECONY Local 3 Employee-1, after June 26, 2005, forty eight (48), consecutive calendar months, Final Average Pay means the highest average of his or her Annual Basic Straight-Time Compensation during all months of Accredited Service.

For (1) a Local 3 Weekly Employee, who has an effective retirement date after August 31, 1997 and before December 1, 2001, fifty percent (50%); (2) a Local 1-2 Weekly Employee who has an effective retirement date after November 30, 2000 one hundred percent (100%); and, (3) a Local 3 Employee who has an effective retirement date after November 30, 2001, one hundred percent (100%); of the aggregate amount of his or her pay attributable exclusively to Sunday premium pay and night shift and midnight shift differential premium pay during a calendar year shall be added to his or her Annual Basic Straight-Time Compensation to determine Final Average Pay only under the Final Average Pay pension benefit formula. Solely for purposes of this Section, months of Accredited Service separated by a Break in Service shall be deemed consecutive.

1.51 Final Average Salary means, for purposes of a CECONY Management Participant, the average of Annual Basic Straight-Time Compensation and the Annual Variable Pay Awards added together and each calculated to the nearest whole dollar. Final Average Salary is determined based on the sixty (60) consecutive calendar months, or, effective for retirements on and after January 1, 2005, forty eight (48) consecutive calendar months in the last one hundred twenty (120) months of his or her Accredited Service which produce the highest average,

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The Consolidated Edison Retirement Plan – Part I

or during all of the months of his or her Accredited Service if he or she has less than sixty (60), or for retirements on and after January 1, 2005, forty eight (48) consecutive calendar months, in the ten-year period ending on the CECONY Management Participant’s termination of employment during all months of Accredited Service which produce the highest average. Solely for the purpose of this Section, months of Accredited Service separated by a Break in Service shall be deemed consecutive. The determination of Final Average Salary shall be subject to the provisions of Code Section 401(a)(17).

1.52 FMLA means the Family and Medical Leave Act of 1993, as amended from time to time.

1.53 Highly Compensated Employee means any Employee, who, during the preceding Plan Year, received Code Section 415(c)(3) Compensation in excess of $100,000 for year 2006, adjusted by the cost-of-living adjustment, as defined in Code Section 415, and was in the “top paid group.” An Employee will be in the “top-paid group” if he or she is one of the 20% highest paid Employees.

1.54 Hour of Service means:

a. Each hour for which the Employee is paid or entitled to payment for the performance of duties for the Company or an Affiliate.

b. An Hour of Service also is each hour for which an Employee is paid, or entitled to payment, by the Company or an Affiliate on account of a period of time during which no duties are performed (irrespective of whether the employment relationship has terminated) due to vacation, holiday, illness, incapacity (including disability), layoff, jury duty, military duty or leave of absence. Notwithstanding this subsection (b), no more than 501 Hours of Service are to be credited to an Employee on account of any single continuous period during which the Employee performs no duties (whether or not such period occurs in a single computation period).

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The Consolidated Edison Retirement Plan – Part I

c. An hour for which an Employee is directly or indirectly paid, or entitled to payment, on account of a period during which no duties are performed is not required to be credited to the Employee if such payment is made or due under a plan maintained solely for the purpose of complying with applicable workers’ compensation, or unemployment compensation or disability insurance laws.

d. Hours of Service are not required to be credited for a payment which solely reimburses an Employee for medical or medically related expenses incurred by the Employee. A payment shall be deemed to be made by or due from the Company or an Affiliate regardless of whether such payment is made by or due from the Company or an Affiliate directly, or indirectly through, among others, a trust fund, or insurer, to which the Company or an Affiliate contributes or pays premiums and regardless of whether contributions made or due to the trust fund, insurer or other entity are for the benefit of particular Employees or are on behalf of a group of Employees in the aggregate.

e. An Hour of Service is each hour for which back pay, irrespective of mitigation of damages, is either awarded or agreed to by the Company or an Affiliate. The same Hours of Service shall not be credited both under subsection (a) or subsection (b), as the case may be, and under this subsection (e). Crediting of Hours of Service for back pay awarded or agreed to with respect to periods described in subsection (b) shall be subject to the limitations set forth in that paragraph.

f. With regard to an Employee for whom a record of his or her Hours of Service is not maintained, (i) one day of employment equals 10 Hours of Service, (ii) one week of employment equals 45 Hours of Service, and (iii) one month of employment equals 190 Hours of Service.

g. Hours of Service shall be determined and calculated in accordance and compliance with the Department of Labor Regulations set forth in 29 CFR 2530. 200b-2.

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The Consolidated Edison Retirement Plan – Part I

1.55 IRS Interest Rate means the annual rate of interest on 30-year Treasury Securities as specified by the Commissioner of Internal Revenue for the second full calendar month preceding the applicable Stability Period. Such second full calendar month preceding the applicable Stability Period shall be deemed the “Lookback Month.” Effective January 1, 2001, for purposes of determining the interest credits that will be allocated to a Participant’s Cash Balance Account, the IRS Interest Rate means the annual rate of interest on 30-year Treasury Securities as specified by the Commissioner of Internal Revenue for the second full calendar month immediately preceding the calendar quarter in which the Interest Rate is credited.

The IRS Interest Rate is used for several purposes. The Retirement Plan defines the IRS Interest Rate differently depending upon the way in which the IRS Interest Rate is used.

a. For purposes of determining the Cash Balance Interest Crediting Rate, the IRS Interest Rate, effective January 1, 2008, means the annual rate of interest on 30-year Treasury Securities as specified by the Commissioner of the IRS for the second full calendar month immediately preceding the calendar quarter in which the Interest Rate is credited. However, such annual interest crediting rate shall not be less than 3.00% or greater than 9.00%. This IRS Interest Rate is also referred to as the Cash Balance Interest Crediting Rate.

b. For purposes of calculating a Participant’s Pension Allowance in the form of a Level Income Option under Section 5.02(b)(6) or a Participant’s Pension Allowance in the form of a lump sum distribution under Section 5.02(c)(3), prior to January 1, 2008, the IRS Interest Rate means, the annual rate of interest on 30-year Treasury Securities as specified by the Commissioner of the IRS for the second full calendar month preceding the applicable Stability Period. The second full calendar month preceding the applicable Stability Period is referred to as the “Look-back Month.”

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The Consolidated Edison Retirement Plan – Part I

c. For purposes of calculating a Participant’s Pension Allowance in the form of a Level Income Option under Section 5.02(b)(6) or a Participant’s Pension Allowance in the form of a lump sum distribution under Section 5.02(c)(3), on or after January 1, 2008, and before January 1, 2009, the IRS Interest Rate means the annual rate of interest on 30-year Treasury Securities as specified by the Commissioner of Internal Revenue for the Look-back Month.

d. for purposes of calculating a CEI Participant’s Cash Balance Accrued Benefit (but not for the determination of the “applicable interest rate” used to project the Cash Balance Account) and for purposes of calculating a single life annuity which is the Actuarial Equivalent of the Cash Balance Account, on and after January 1, 2008, the IRS Interest Rate means the interest rate prescribed under Code Section 417(e)(3)(C) of the Code (as it reads effective on and after the first day of the 2008 Plan Year) for the Look-back Month.

e. For purposes of calculating the value of a Small Pension Allowance under Section 5.01(c)(3), a Participant’s Pension Allowance in the form of a Level Income Option under Section 5.02(b)(6), or a Participant’s Pension Allowance in the form of a lump sum distribution under Section 5.02(c)(3), on or after January 1, 2009, the IRS Interest Rate means the interest rate prescribed under Code Section 417(e)(3)(C) (as it reads effective on and after the first day of the 2008 Plan Year) for the Look-back Month.

1.56 IRS Mortality Table means the mortality table prescribed by Secretary of the Treasury under Code Section 417(e)(3)(A)(ii)(I) as in effect on the first day of the applicable Stability Period. The change to the mortality table stated in Revenue Ruling 2001-62 will be effective, as stated in such Revenue Ruling, on the first day of the Plan Year beginning on January 1, 2002. Thereafter, the IRS Mortality Table will be the table prescribed in Code Section 417(e).

a. On and after January 1, 2008, for purposes of calculating a Participant’s Cash Balance Accrued Benefit and for purposes of calculating a single life annuity

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The Consolidated Edison Retirement Plan – Part I

which is the Actuarial Equivalent of the Cash Balance Account, the IRS Mortality Table is the mortality table prescribed under Section 417(e)(3)(B) of the Code (as it reads effective on and after the first day of the 2008 Plan Year) as in effect on the first day of the applicable Stability Period.

b. On and after January 1, 2008, and before January 1, 2009, for purposes of calculating a Level Income Option under Section 5.02(b)(6) or a lump sum distribution under Section 5.02(c)(3), the IRS Mortality Table is the mortality table prescribed by Revenue Ruling 2001-62 as in effect on the first day of the applicable Stability Period.

c. On and after January 1, 2009, for purposes of calculating the value of a Small Pension Allowance under Section 5.01(c)(3), a Level Income Option under Section 5.02(b)(6) or a lump sum distribution under Section 5.02(c)(3), the IRS Mortality Table is the mortality table prescribed under Section 417(e)(3)(B) of the Code (as it reads effective on and after the first day of the 2008 Plan Year) as in effect on the first day of the applicable Stability Period.

1.57 Layoff means an Employee’s separation from the active payroll of an Employer for lack of work or such other reason, in no way the fault of the Employee, as may be determined by the Employer.

1.58 Leased Employee means any person performing services for the Company or an Affiliate as a leased employee as defined in Code Section 414(n). In the case of any person who is a Leased Employee before or after a period of service as an Employee, the entire period during which he or she has performed services as a Leased Employee shall be counted for service as an Employee for all purposes of the Plan, except that he or she shall not, by reason of that status, become a Participant of the Plan or earn Accredited Service. A Leased Employee is not an Eligible Employee, eligible Participant or eligible individual for purposes of participating in the Retirement Plan during and while a Leased Employee. A

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The Consolidated Edison Retirement Plan – Part I

Leased Employee is excluded from participation if employed in the capacity of an independent contractor or leased employee, even if such individual is subsequently determined to be a common law employee of an Employer, Affiliate or the Company.

Effective for Plan Years beginning after 1996, the Plan will apply the amended definition of a Leased Employee, as set forth in Code Section 414(n) and the Regulations, by deleting the term “…such services are of a type historically performed by Employees in the business field of the recipient…” to “…whose services are performed under the primary direction or control by the recipient….”

1.59 Limitation Year means the calendar year.

1.60 Local 1-2 means Local Union Nos. 1-2 of the Utility Workers Union of America, AFL-CIO.

1.61 Local 3 means Local Union No. 3 of the International Brotherhood of Electrical Workers, AFL-CIO.

1.62 Local 503 means Local Union No. 503 of the International Brotherhood of Electrical Workers, AFL-CIO.

1.63 Lump Sum Based Plan means a defined benefit plan under the terms of which the Accumulated Benefit of a Participant is expressed as the balance of a hypothetical account maintained for the Participant. A Lump Sum Based Plan includes a Plan under which the accrued benefit under the terms of the Plan is calculated as the actuarial equivalent of such a hypothetical account balance.

1.64 Lump Sum-Based Benefit Formula means a benefit formula used to determine all or any part of a CEI Participant’s Accumulated Benefit under which the Accumulated Benefit provided under the formula is expressed as the current balance of a hypothetical account maintained for the CEI Participant. The cash balance formula is a Lump Sum-Based Benefit Formula.

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The Consolidated Edison Retirement Plan – Part I

1.65 Named Fiduciary(ies) means the person or persons designated in accordance with Section 7.01 to serve as named fiduciaries, within the meaning of ERISA Section 4.02(a), with respect to the Retirement Plan.

Effective on and after February 15, 2012, reference to the term “Named Fiduciaries” means the “Named Fiduciaries Committee” unless reference is an individual or individuals serving as a Named Fiduciary of the Named Fiduciary Committee.

1.66 Non-Suspendible Month means a calendar month, beginning either on or after a Participant’s Normal Retirement Date or a Participant has begun receiving a Pension Allowance, during which the Participant does not complete at least 40 Hours of Service, as the term “Hours of Service” is defined in 29 CFR 2530.200b-2(a)(1) and (2).

1.67 Normal Retirement Age means an Eligible Employee’s 65th birthday or, if later, the fifth anniversary of the date he or she becomes a Participant. Normal Retirement Age for an O&R Management Employee who was hired on or before December 31, 2000, or for an O&R Hourly Employee who was hired on or before December 31, 2009, means his or her 65th birthday.

1.68 Normal Retirement Date means the first day of the calendar month immediately following an Employee’s Normal Retirement Age. For an O&R Participant, Normal Retirement Date is the first day of the calendar month coincident with or next following his or her Normal Retirement Age.

1.69 O&R means Orange and Rockland Utilities, Inc. and its affiliates, Rockland Electric Company and Pike County Light and Power Company.

1.70 O&R Austerity Period means the period that begins on August 1, 2009 and ends on June 30, 2010.

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The Consolidated Edison Retirement Plan – Part I

1.71 O&R Early Retirement Date means the date of an O&R Participant’s termination of employment from the Company or an Affiliate after the O&R Participant attains his or her 55th birthday and completes ten (10) years of Vesting Service.

1.72 O&R Employee means an Employee employed by and on the active payroll of O&R.

1.73 O&R Hourly Employee means an Employee who is employed by and on the active payroll of O&R and a member of Local 503. Unless explicitly set forth otherwise, reference to an O&R Hourly Employee includes an O&R Hourly Employee-1.

1.74 O&R Hourly Employee-1 means an O&R Hourly Employee who is hired on or after January 1, 2005.

1.75 O&R Management Employee means an O&R Employee on the management payroll of O&R as of December 31, 2000.

1.76 O&R Participant means an O&R Management Employee and an O&R Hourly Employee who have met the participation requirements of Section 2.01, and any former O&R Employee who, as of December 31, 2000, has a vested Pension Allowance in the O&R Retirement Plan. O&R Participant does not include an O&R Hourly Employee hired on or after January 1, 2010. An O&R Participant does not include a member of Local 503 hired on or after January 1, 2010, unless otherwise specifically stated. A member of Local 503 hired on and after January 1, 2010, as an O&R Hourly Employee is covered by the cash balance formula and classified as a CEI Participant.

1.77 O&R Plan means the Employees’ Retirement Plan of Orange and Rockland Utilities, Inc. as in effect on December 31, 2000.

1.78 Parental Leave means a period in which the Employee is absent from work immediately following his or her active employment because of the

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The Consolidated Edison Retirement Plan – Part I

Employee’s pregnancy, the birth of the Employee’s child, the placement of a child with the Employee in connection with the adoption of that child by the Employee, or for purposes of caring for that child for a period beginning immediately following birth or placement.

1.79 Participant means a CECONY Participant, O&R Participant, and a CEI Participant.

1.80 Pension Allowance means a Participant’s accrued benefit or an Accumulated Benefit payable in the form of monthly payments (e.g., a single life annuity or a qualified joint and 50% survivor annuity) as provided in Article 5. A Pension Allowance may be payable as a Normal Retirement Pension Allowance, an Early Retirement Pension Allowance, a Disability Pension Allowance or a Vested Pension Allowance. If a Participant is deemed to elect a single sum payment, his or her Pension Allowance is a Cash Out or a Cash Balance Single Sum Payment, as the case may be.

1.81 Plan means The Consolidated Edison Retirement Plan, as set forth in this document, and as amended from time to time.

1.82 Plan Administrator means the person or persons designated by the Named Fiduciaries to administer and supervise the Retirement Plan as provided in Article 7.

1.83 Plan Year means the calendar year.

1.84 Pre-Tax Contribution means any pre-tax contributions to (a) a qualified “cash or deferred arrangement,” as defined in Code Section 401(k), (b) a “cafeteria Retirement plan,” as defined in Code Section 125, or (c) a “transportation reimbursement plan,” as defined in Code Section 132.

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The Consolidated Edison Retirement Plan – Part I

1.85 Prior Plan or Prior Plans mean one or more of the CECONY Weekly Retirement Plan, the CECONY Management Plan or the O&R Retirement Plan, as in effect on December 31, 2000.

1.86 Rule of 75 Participant means a CECONY Participant whose years of age and Accredited Service (each rounded to the nearest whole number) total at least 75 (“75 points”) on the Annuity Starting Date.

1.87 Rule of 85 Participant means an O&R Participant whose years of age and Vesting Service (on the Plan Year measurement basis only) total at least 85 on the O&R Participant’s Early Retirement Date.

1.88 Severance means, for purposes of defining and determining what is and what is not included in Code Section 415(c) Compensation, a termination from the employment of all of the Employers, including an employer who is not a Participating Employer.

1.89 Social Security Retirement Age means age 65 for a Participant born before January 1, 1938; age 66 for a Participant born after December 31, 1937, and before January 1, 1955; and age 67 for a Participant born after December 31, 1954.

1.90 Social Security Taxable Wage Base means the taxable wage base in effect under Section 230 of the Social Security Act at the beginning of the Plan Year in which occurs the Participant’s termination of employment from the Company or an Affiliate.

1.91 Spousal Consent means written consent given by a Participant’s spouse to an election made by the Participant of a specified optional form of Pension Allowance or a designation of a specified Beneficiary as provided in Article 5. Spousal Consent shall be duly witnessed by a notary public and shall acknowledge the effect on the spouse of the Participant’s election. The requirement for Spousal

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The Consolidated Edison Retirement Plan – Part I

Consent may be waived by the Plan Administrator in the event that the Participant establishes to the Plan Administrator’s satisfaction that he or she has no spouse that such spouse cannot be located, or under such other circumstances as may be permitted under applicable Treasury Department regulations. Spousal Consent shall be applicable only to the particular spouse who provides such consent. Spousal Consent shall be applicable only to the specific optional form of Pension Allowance elected or the specific Beneficiary designated pursuant thereto, provided, however, that only the spouse of an O&R Participant may expressly waive his or her the right to consent to future changes.

1.92 Stability Period means the calendar month in which occurs the Annuity Starting Date for the distribution.

a. Effective January 1, 2009, Stability Period, for purposes of calculating the Level Income Option means the calendar year in which occurs the Annuity Starting Date for the Pension Allowance.

b. Effective January 1, 2009, Stability Period, for purposes of calculating a lump sum distribution under Section 5.02(c)(3), means the calendar month in which occurs the Annuity Starting Date for the distribution.

c. Effective January 1, 2009, Stability Period, for purposes of calculating the amount of an annuity based on a Cash Balance Account, means the calendar quarter in which occurs the Annuity Starting Date for the benefit.

d. Effective January 1, 2009, Stability Period, for purposes of calculating the value of a Small Pension Allowance under Section 5.01(c)(3), means the calendar year in which occurs the Annuity Starting Date for the benefit.

1.93 Surviving Domestic Partner means the Participant’s Domestic Partner named and in a relationship with the Participant on the earlier of the death of the Participant or the date the Participant began his or her Pension Allowance. A CECONY or CEI Participant who has 75 Points may name a Domestic Partner for coverage as a Surviving Domestic Partner under the Retiree Health Program.

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The Consolidated Edison Retirement Plan – Part I

1.94 Surviving Spouse means, for a CECONY Participant or a CEI Participant, the lawful spouse married to the Participant on the Participant’s Annuity Starting Date. Surviving Spouse means, for an O&R Participant, the lawful spouse who has been married to the Participant throughout the one-year period ending on the Annuity Starting Date and surviving at the O&R Participant’s date of death.

1.95 Total Salary means the aggregate amount of Annual Compensation, of a CECONY Participant, for his or her years of Accredited Service, calculated to the nearest whole dollar, not to exceed the last 30 years of Accredited Service. Total Salary equals the sum of a CECONY Participant’s Annual Compensation (1) in the year of retirement and/or termination from employment, plus (2) in each of the 14 Plan Years before retirement and/or termination from employment, plus (3) Annual Compensation for each earlier year of Accredited Service, not to exceed 16 years, at the Annual Compensation rate for the 14th calendar year prior to the calendar year of his or her retirement and/or termination from employment (“Pivot Year Compensation”).

The CECONY Participant’s Pension Allowance for up to 30 years is then determined, as set forth in more detail in Appendix F, by applying 2.2% to the CECONY Participant’s Total Salary (the “Base Pension Allowance”). For each month of Accredited Service in excess of 360 months of Accredited Service, the Base Pension Allowance shall be increased by an amount that is equal to .0125% per month of the Base Pension Allowance.

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The Consolidated Edison Retirement Plan – Part I

1.96 Trustee means the trustee or trustees by whom the funds of the Plan are held, as provided in Article 8.

1.97 Transferred O&R Management Participant means an Employee described in Appendix C of the Retirement Plan.

1.98 Vesting Service means service recognized for purposes of determining a Participant’s non-forfeitable right to a Pension Allowance under the Plan. Vesting Service is computed based on the Plan Year.

1.99 Year of Accredited Service means 12 months of consecutive or non-consecutive Accredited Service. A Participant earns or is credited with a month of Accredited Service for each month he or she is on an active payroll, receives Annual Compensation in that month, and is an Eligible Employee and a Participant in the Retirement Plan.

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The Consolidated Edison Retirement Plan – Part I

Article II

Participation

2.01 Participation Requirements

a. Each person who, on December 31, 2000, was a Participant in a Prior Retirement Plan shall continue to be a Participant in the Plan; provided however, he or she did not terminate employment, retire or have a break –in-service. If a Participant received a Cash-Out or a Cash Balance Single –Sum Payment, at the time of receipt, he or she is no longer a Participant.

b. An Eligible Employee who is hired on or after December 31, 2000, and who is on the active management payroll of CECONY or O&R, becomes a CEI Participant as of the date he or she completes an Hour of Service.

c. An O&R Management Employee hired before January 1, 2001, and an O&R Hourly Employee hired before January 1, 2010 shall become a Participant on the first day of the month following the earlier of:

1. the first anniversary date of his or her employment if he or she completes 1,000 Hours of Service within the 12-month period measured from the date on which he or she first completes an Hour of Service; or

2. the end of the first Plan Year occurring immediately subsequent to the Plan Year in which he or she first completes an Hour of Service during which he or she completes 1,000 Hours of Service.

d. Effective for Plan years beginning before January 1, 2010, a CECONY Weekly Employee who is a member of Local 1-2 or Local 3 becomes a CECONY Weekly Participant as of the date he or she first completes an Hour of Service; this continues for a CECONY Weekly Employee who is a member of Local 1-2.

e. An O&R Hourly Employee who is hired on or after January 1, 2010, becomes a CEI Participant as of the date he or she completes an Hour of Service.

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The Consolidated Edison Retirement Plan – Part I

f. A CECONY Weekly Employee who is a member of Local 3 and who is hired on or after January 1, 2010, becomes a CEI Participant as of the date he or she completes an Hour of Service.

g. A CECONY Weekly Employee who a member of Local 1-2 and who is hired on or after July 1, 2012, becomes a CEI Participant as of the date he or she completes an Hour of Service.

h. Each CECONY Weekly Employee who: (i) is a member of Local 3; (ii) was hired on or after January 1, 2010, and before June 30, 2013; and (iii) is actively employed as of June 30, 2013 (“PC Participant”) will be given an opportunity to make a “Pension Choice (“PC”),” as set forth in Section 2.04. The Pension Choice temporary program will end on December 31, 2015, and no further Pension Choices submitted by a PC Participant will be accepted after December 31, 2015.

2.02 Events Affecting Participation

A Participant’s participation in the Retirement Plan shall end when he or she is no longer employed by an Employer, a Participating Employer, the Company or an Affiliate and not entitled to a vested Pension Allowance. Participation also ends when he or she receives a Cash-Out or Cash Balance Single Sum Payment. Participation shall continue while on an approved leave of absence or during a period while he or she is not an Eligible Employee but is in the employ of the Company. Upon termination of employment or retirement, an Employee’s benefit shall be determined in accordance with the provisions of the Plan in effect on the date he or she ceases to be an Eligible Employee.

2.03 Participation Upon Reemployment

If the participation of a CECONY Participant or a CEI Participant ends and he or she again becomes an Eligible Employee without incurring a Break in Service, for purposes of determining eligibility to participate only, he or she shall again become a Participant as of his or her date of restoration to service as an Eligible Employee. If an O&R Participant’s participation ends, and he or she again

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The Consolidated Edison Retirement Plan – Part I

becomes an Eligible Employee, her or she shall not forfeit any benefits in which he or she was previously vested and he or she again becomes a Participant as of his or her date of restoration to service as an Eligible Employee once he or she has again met the participation requirements set forth in Section 2.01.

2.04 Pension Choice For PC Participant

a. The Pension Choice temporary program provides a one-time opportunity for each PC Participant to make an irrevocable election to transfer out of the Cash Balance Pension Formula in the Retirement Plan and into the “Defined Contribution Pension Formula (“DCPF”),” as described in the Consolidated Edison Thrift Savings Plan (“Thrift Savings Plan”).

b. The election period for a PC Participant will begin no later than January 1, 2014, and will end on December 31, 2015 (“PC Election Period”). Beginning on and after January 1, 2016, the Pension Choice will end for a PC Participant and no new elections will be accepted.

c. If a PC Participant elects to transfer out of the Cash Balance Pension Formula and into the Defined Contribution Pension Formula during the first two months of a calendar quarter, he or she will cease active participation in the Retirement Plan as of the last day of that calendar quarter. However, if he or she submitted an election form after the second month of the calendar quarter, he or she will cease participation in the Retirement Plan as of the last day of the next following calendar quarter. His or her last day of active participation in the Retirement Plan will be the last day of the calendar quarter immediately preceding the first day of the calendar quarter in which he or she becomes covered under the Defined Contribution Pension Formula (“Transfer Date”). In no event, will a PC Participant be credited with service under both the Cash Balance Pension Formula and the Defined Contribution Pension Formula.

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d. If a PC Participant is married and makes an election to transfer out of the Cash Balance Pension Formula, his or her spouse must consent in writing to the transfer on the election form submitted by the PC Participant.

e. A PC Participant who takes no action during the PC Election Period will remain in the Cash Balance Pension Formula.

f. As of the Transfer Date, a PC Participant who elects to transfer out of the Cash Balance Pension Formula will have no additional future compensation credits credited to his or her Cash Balance Pension benefit.

g. As of his or her Transfer Date, the PC Participant will continue to receive only interest credits to his or her Cash Balance Pension benefit until the date that he or she begins distribution from the Retirement Plan.

h. Each CECONY Weekly Employee who is a member of Local 3 and is hired on or after June 30, 2013 will be given a “Pension Choice,” election as soon as administratively practicable after being hired and will have up to 60 days to make a one-time irrevocable election to be covered under the Cash Balance Pension Formula in the Retirement Plan. If he or she elects to be covered under the Cash Balance Pension Formula in the Retirement Plan, he or she will be subject to the same terms and conditions as a CECONY Weekly Participant who is a member of Local 3 covered under the Cash Balance Pension Formula. Such individual will not be given another Pension Choice.

i. Beginning as of July 1, 2013, participation in the Retirement Plan for a newly hired (or rehired) CECONY Weekly Employee who is a member of Local 3 is limited to such person who makes an affirmative Pension Choice election to participate in the Cash Balance Pension Formula.

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j. If a Local 3 member affirmatively elects to participate in the Cash Balance Pension Formula, he or she will receive service credit under the Cash Balance Pension Formula beginning on his or her hire date.

k. Each CECONY Weekly Employee, who is a member of Local 3, was not actively employed on June 30, 2013, and is rehired on or after June 30, 2013, will be treated as follows:

1. If, prior to his or her rehire date, he or she took a Cash Out or Single Sum Lump Sum Payment, he or she will be given a Pension Choice as set forth in Section above. If he or she elects to participate in the Cash Balance Pension Formula, he or she will be given past service credit for vesting but not for determining the applicable compensation accrual rate.

2. If, prior to his or her rehire date, he or she was covered under the Final Average Pay or Total Salary Pension Formula, and he or she did not take a Cash Out or Single Sum Lump Sum Payment, upon his or her rehire date, he or she will commence participation under the formula under which he or she previously was covered.

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The Consolidated Edison Retirement Plan – Part I

Article III

Service

3.01 Vesting Service

a. Special Vesting Rules

1. Vesting Service credited to an Employee under a Prior Retirement Plan as of December 31, 2000, shall be credited as Vesting Service under this Retirement Plan. Vesting Service shall not include any service that would have been disregarded under the break in service provisions of the Employee’s Prior Plan.

2. Effective on the specific date set forth below, each of the following Participants shall be 100% vested in and have a nonforfeitable right to his or her Pension Allowance.

i. Pursuant to the “change in control” provision in the O&R Retirement Plan, only each O&R Participant who was on the payroll of O&R on August 20, 1998, (the date the shareholders of O&R approved the acquisition of O&R by the Company) shall be 100% vested as of August 20, 1998;

ii. Each “CECONY Participant at Divested Operations,” as defined in Appendix H, shall be 100% vested as described in Appendix H;

iii. Each “Affected IP Employee,” as defined in Appendix J, shall be 100% vested on the date of the closing of the sale of Indian Point; and

iv. Each Lakewood Participant, Ocean Peaking/Rock Springs Participant, or WMECO Participant who is actively employed on May 8, 2008, shall be 100% vested on that date.

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b. General Vesting Rules

1. Effective on and after January 1, 2001, except as otherwise provided in the Retirement Plan, Vesting Service begins on the date the Employee first completes an Hour of Service and ends on the Employee’s termination of employment from the Company or an Affiliate. Unless explicitly set forth otherwise, each CECONY Participant, O&R Participant and CEI Participant will be 100% fully vested after five (5) years of vesting service. Beginning on January 1, 2008, a CEI Participant or any other Participant covered by the cash balance formula who has at least one Hour of Service credited on or after January 1, 2008, will be 100% fully vested after three years of Vesting Service.

2. A Participant, other than an O&R Participant, will be credited with a Year of Vesting Service in each Plan Year in which he or she is credited with 1000 Hours of Service or six months of service. An O&R Participant shall be credited with a year of Vesting Service in each Plan Year in which he or she is credited with 1000 Hours of Service. In determining an Employee’s years of Vesting Service, if it should result in a grant of Vesting Service more favorable to the Employee, the equivalencies for determining Hours of Service shall be used, provided that such equivalencies are consistently applied.

3. An O&R Management Employee hired on or after August 20, 1998 and an O&R Hourly Employee who completes 1000 Hours of Service during the 12 months commencing with the month in which he or she first completes an Hour of Service and also during the Plan Year following the Plan Year in which he or she completed his or her first Hour of Service, shall be credited with two years of Vesting Service as of the end of the Plan Year following the Plan Year in which he or she completed his or her first Hour of Service.

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c. Break in Service Rules

1. Solely for purposes of determining if a Break in Service for participation and vesting purposes has occurred, an Employee who is absent from work because of Parental Leave or a leave under the FMLA shall receive credit for the number of Hours of Service that the Employee would normally have received but for such absence, or where such Hours cannot be determined, eight (8) Hours of Service for each day of absence, subject to a maximum of 501 Hours of Service for any one such absence. The Hours of Service will be credited to the Plan Year in which the absence began if the Employee would otherwise incur a Break in Service in such Plan Year, or if not, in the immediately following Plan Year. In order to receive Hours of Service credit for such absence, the Employee shall be required to provide such information or certification as to the nature of the absence as may be required by the Plan Administrator.

d. Uniformed Service Credit

1. Notwithstanding any provision of this Plan to the contrary, contributions, benefits, and service credit with respect to qualified military service will be provided in accordance with Code Section 414(u). If an Employee is absent because of service in the uniformed services of the United States and if he or she has returned to the service of the Company or an Affiliate or applied to return while his or her reemployment rights were protected by law, then, in that event, that absence shall not count as a Break in Service, but instead shall be counted as Vesting Service to the extent required by law.

e. Leave of Absence

2. A period of absence due to a paid sick leave granted by the Company or an Affiliate, other than O&R, and one period up to a maximum of six months during a Participant’s aggregate period of employment with the Company or an Affiliate, during which a Participant is on an approved leave of absence granted for any other reason will be considered Vesting Service.

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2. The first six months of a Parental Leave or an FMLA Leave for maternity or paternity reasons will constitute Vesting Service if the Participant returns to active employment for a period equal to the lesser of (i) the Parental Leave or FMLA Leave or (ii) six months.

3. O&R shall credit an Approved Leave of Absence as Vesting Service, provided that upon conclusion of such “Approved Leave of Absence,” the O&R Participant returns to employment with O&R or an Affiliate or is eligible to retire on a Normal Retirement Date or an Early Retirement Date.

3.02 Accredited Service

a. Accredited Service and Credited Service credited to a Participant under a Prior Retirement Plan as of December 31, 2000, shall be treated as Accredited Service under this Plan; provided, however, she or he did not receive a Cash-Out or a Cash-Balance Single Sum Payment. Accredited Service shall not include any service that would have been disregarded under the provisions of the applicable Prior Retirement Plan. Accredited Service is the “unit” used to determine a Participant’s accrued benefit, Pension Allowance or Accumulated Benefit.

b. Except as provided below, only active service with and on the active payroll of an Employer as an Eligible Employee and Participant, shall be Accredited Service under the Retirement Plan. Subject to the provisions below, a period between a Break in Service and a reemployment date, whether or not counted as Vesting Service, shall not be counted as Accredited Service. A Participant who has five years of Vesting Service or who becomes 100% vested, on account of operation of another vesting provision in the Retirement Plan, will receive Accredited Service for all of his or her years and months of active service (e.g., service while actively employed and on the active payroll) after becoming fully vested regardless of a

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subsequent Break in Service. If a Participant has a Severance or termination of employment, elects to receive a Cash Out or a Cash Balance Single Sum Payment, and is subsequently rehired, in accordance with the Department of Labor rules against the double crediting of Hours of Service, he or she will not be credited with prior Accredited Service.

c. Accredited Service shall include, to the extent required by law, any period of absence from service with the Company or an Affiliate due to a period of service in the uniformed services of the United States which is counted in a Participant’s Vesting Service as provided in Section 3.01(b). The Participant shall be deemed to have earned Annual Compensation during the period of absence at the rate he or she would have received had he or she remained employed as an Eligible Employee for that period or if such rate is not reasonably certain, on the basis of the Participant’s rate of compensation during the 12-month period immediately preceding such period of absence (or if shorter, the period of employment immediately preceding such period).

d. Accredited Service for a CECONY Participant shall include a period of absence due to a paid sick leave granted by CECONY. Effective July 1, 1996, Accredited Service for a CECONY Participant and a CEI Participant shall include one period, of up to a maximum of six months, during which a CECONY Participant or a CEI Participant is on an approved leave of absence granted for any reason other than sick leave. The first six months of such a Parental Leave or an FMLA leave granted for maternity or paternity reasons shall constitute Accredited Service, if the Participant returns to active employment for a period equal to the lesser of (i) the Parental Leave or FMLA Leave or (ii) six months.

e. Unless otherwise explicitly set forth in the Retirement Plan, Accredited Service shall not be credited for any period in which a Participant is not actively employed as an Eligible Employee. Any person who enters into a written contract that provides that he or she is an independent contractor and not an Employee, and waives participation in the Plan, shall not receive any Accredited Service for the period such written contract is in effect.

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f. An O&R Participant who has less than the normal number of Hours of Service for full-time employment in the first Plan Year of participation and in the Plan Year in which employment terminates, the fraction of each such Plan Year that will be recognized for Accredited Service shall not be less than the fraction, the numerator of what is the number of Hours of Service as a Participant and the denominator of which is the normal number of Hours of Service in a Plan Year for normal employment.

g. Union Officer Service for O&R Hourly Participant. To the extent not already counted as Vesting Service and Accredited Service above—

1. The local union President of the union at O&R who on or after January 1, 1983 is absent from work at O&R without pay for proper union business, who would otherwise have been scheduled to work, with proper notification to O&R, shall be entitled to both Vesting Service and Accredited Service at the rate of eight (8) hours per day or 40 hours per week, not to exceed 100 days per calendar year for such periods of absence.

2. The local union Vice Presidents, Recording Secretaries, Financial Secretaries, Treasurers and the Unit Chairman, Unit Vice Chairman and Unit Recorder at O&R who on or after January 1, 1983 are absent from work, without pay for proper union business, who would otherwise have been scheduled to work, with proper notification to O&R, shall be entitled to both Vesting Service and Accredited Service at the rate of eight (8) hours per day or 40 hours per week, not to exceed 40 days per calendar year for such periods of absence.

3. Any other bargaining unit member at O&R who on or after January 1, 1983 is absent from work without pay and who is participating in a

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recognized O&R-union activity, with proper notification to O&R, shall be entitled to both Vesting Service and Accredited Service at the rate of eight (8) hours per day or 40 hours per week, not to exceed five (5) days per calendar year for such periods of absence.

3.03 Re-employment of Participant-Suspension of Benefits and Break in Service Rules

a. Suspension of Benefits Effective January 1, 2001, any Participant who is receiving or received a Pension Allowance, including a Cash Out or a Cash Balance Single Sum, and restored to active service on the active payroll with the Company or an Affiliate as an Employee, whether or not as an Eligible Employee, or is providing services to the Company shall have the following apply:

1. The Participant’s Pension Allowance shall be suspended for each month in which the Participant completes at least 40 Hours of Service.

2. Any Vesting Service to which the Participant was entitled when he or she retired or terminated service shall be restored to him or her.

3. If the Participant is employed by an Employer as an Eligible Employee, upon later retirement or termination, he or she shall be entitled to an additional Pension Allowance based on his or her initial benefit formula applicable to the Participant prior to re-employment and his or her Annual Compensation and Accredited Service credited to the person under the provisions in the Plan beginning after his or her re-employment date. The additional Pension Allowance, if any, shall be equal to the greater of:

i. an amount determined in accordance with the benefit formula (taking into account any changes to that particular formula that may have occurred with the passage of time) applicable to the re-employed Participant as if the Participant’s date of re-employment were his or her first day of employment as an Eligible Employee. His or her Accredited Service prior to the

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date of re-employment shall not be taken into account in determining his or her number of Years of Accredited Service but shall be taken into account in determining the applicable percentage of the Participant’s Final Average Salary or the Participant’s Annual Compensation; or

ii. an amount equal to the excess, if any, of (I) a Pension Allowance determined in accordance with the applicable benefit formula (taking into account any changes to that particular formula that may have occurred with the passage of time) on the basis of his or her Accredited Service and Final Average Salary or Annual Compensation, each aggregated to include the periods before and after the date of restoration to service, over (II) the “Offset Amount,” as defined herein. The Offset Amount is the Pension Allowance payments received prior to his or her re-employment and, if applicable, during the period of reemployment, converted into an annuity based on the IRS Mortality Table and the Adjusted IRS Interest Rate applicable to the Participant.

4. The additional Pension Allowance shall be payable under any of the optional forms described in Article V, as elected by the Participant in accordance with Article V, regardless of the optional form in which the Pension Allowance that commenced prior to his or her reemployment is/was payable.

5. A Participant whose Pension Allowance is suspended in accordance with this Section 3.03 shall be provided with notice that his or her Pension Allowance is being suspended in accordance with the provisions of the Department of Labor Regulations Section 2530.203-3.

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b. Re-employment Without Break in Service If either a Participant with a deferred vested Pension Allowance, a former non-vested Participant, or an Employee who was never a Participant, is re-employed without having a Break in Service, his or her participation date, Vesting Service and Accredited Service shall be determined as provided in Sections 2.01, 3.01 and 3.02, respectively. If a former Participant received a Cash Out or a Cash Balance Single Sum, the Accredited Service to which he or she was entitled at the time of his or her termination of service shall be restored to him or her only in accordance with the provisions of Section 3.03(c). Upon subsequent retirement, the Pension Allowance of a Participant whose Accredited Service has been restored pursuant to this subparagraph shall never be less than that which was accrued under the Plan through the date of prior termination.

c. Re-employment After Break in Service If a CECONY Participant with a deferred vested Pension Allowance or a former CECONY Participant who received a Cash Out, is restored to active service as an Eligible CECONY Employee, after having had a Break in Service, the following shall apply:

1. The Vesting Service to which he or she was previously entitled shall be restored to him or her.

2. Any Accredited Service to which the CECONY Participant was entitled at the time of his or her termination of service shall be restored to him or her; provided, however, that in the case of a CECONY Participant who received a Cash Out, the CECONY Participant repays the amount of the Cash Out or a Cash Balance single sum payment, if any, received upon his or her initial termination of service, together with interest on that amount at the rate prescribed by Code Section 411(a)(7)(C), to the date of repayment.

3. Upon later termination or retirement of a CECONY Participant whose previous Accredited Service has been restored under this Section 3.03(c),

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his or her Pension Allowance will be calculated as if he or she had no break in service and based on the applicable benefit formula (taking into account any changes to that particular formula that may have occurred with the passage of time) for the re-employed CECONY Participant and his or her total Annual Compensation and Accredited Service while an Eligible CECONY Employee.

4. Effective on and after January 1, 2013, a CECONY Participant who terminates employment on, before, or after January 1, 2013, receives a Cash Out, and is restored to active service, or a CECONY Participant who terminated employment before January 1, 2013, received a Cash Out, and is restored to active service after January 1, 2013, in both cases, will not be entitled to repay his or her Cash Out, regardless of when he or she received his or her Cash Out, and will not have his or her prior Credited or Accredited Service attributed to the Cash Out restored. Additionally, if he or she becomes an Eligible Employee and a Participant, he or she will be covered under the cash balance formula.

d. Re-employment of Non-vested Participant After Break in Service If a former non-vested Participant is restored to service as an Eligible Employee or an Employee, after having had a Break in Service, the following shall apply:

(1) If he or she is re-employed as an Eligible Employee, he or she shall again become a Participant as of his or her date of restoration to service as an Eligible Employee.

2. Upon his or her restoration to participation, the Vesting Service to which he or she was previously entitled shall be restored to him or her, if his or her period of Break in Service does not exceed five years, determined at the time of the Break in Service, excluding any Vesting Service disregarded by reason of any earlier Break in Service.

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3. Any Accredited Service to which the Participant was entitled at the time of his or her termination of service which is included in the Vesting Service, so restored, shall be restored to him or her.

4. Upon later termination or retirement of a Participant whose previous Accredited Service has been restored, his or her Pension Allowance, if any, shall be based on the applicable benefit formula in effect at such later termination or retirement, and not on the prior formula in effect at the Participant’s just date of employment, and his or her total Annual Compensation and Accredited Service while in the service of an Employer as an Eligible Employee.

e. Re-employment of Former Employee After Break in Service If an Employee who was never a Participant is restored to service with the Company or an Affiliate, after having had a Break in Service, the Vesting Service to which he or she was previously entitled shall be restored to him or her, if his or her period of Break in Service does not exceed five years, excluding any Vesting Service disregarded by reason of any earlier Break in Service.

3.04 Suspension of Benefit Exception for Certain Persons Who Are in Pay Status under the Retirement Plan and Who Provide Temporary Emergency Services

a. In General: This Section 3.04 provides a very limited exception to the general suspension of benefit rule; that is, the general rule that a Participant who is providing services for the Company, an Employer, or an Affiliate will have his or her Pension Allowance suspended for each month in which he or she works 40 or more hours.

b. Effective July 1, 2012: Notwithstanding the general suspension of benefits rule set forth in Section 3.03, a Participant shall not have his or her Pension Allowance suspended for any month during which he or she is providing Temporary Emergency Services (as defined in (c) below) to the Company, an Employer, or an Affiliate regardless of the number of hours of service he or she renders in that month.

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c. Temporary Emergency Services means services performed by an Employee or an individual, on a limited and infrequent basis that result from the Company’s, Employer’s or Affiliate’s need to have additional workers because of one or more of the following Temporary Emergency situations:

i. An impending or actual work stoppage, lock-out, strike, or similar action by a labor organization representing employees of the Company, Employer or Affiliate; or

ii. A storm emergency, heat event, or similar weather-related condition that significantly impacts the Company’s, the Employer’s or the Affiliate’s ability to provide utility service to its customers, or

iii. An unforeseen or unanticipated absence of a key experienced instructor at the Learning Center of up to, but not to exceed six months.

d. The exception in this Section 3.04 shall cease to apply as of the end of the month in which the Temporary Emergency Services are no longer needed.

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Article IV

Eligibility for and Amount of Benefits

4.01 Normal Retirement

The right of a Participant to a normal retirement Pension Allowance will be 100% fully vested and non-forfeitable as of his or her Normal Retirement Age. A Participant who has attained Normal Retirement Age may retire from service and receive a normal retirement Pension Allowance beginning on his or her Normal Retirement Date. An O&R Participant whose Normal Retirement Age is coincident with the first day of a calendar month may retire from service and receive a Normal Retirement Pension Allowance on the first day of the calendar month in which his or her Normal Retirement Age occurs. A Participant who postpones retirement beyond his or her Normal Retirement Age shall be provided with notice that his or her Pension Allowance is being suspended in accordance with the provisions of Department of Labor Regulation Section 2530.203-3.

4.02 Normal Retirement Pension Allowance

a. Normal Retirement Pension Allowance for a CECONY Participant or an O&R Participant The annual normal retirement Pension Allowance payable on the Normal Retirement Date of each CECONY Participant and O&R Participant shall be determined in accordance with his or her applicable benefit formula, as set forth in Appendix F.

b. Normal Retirement Pension Allowance for a CEI Participant

1. A CEI Participant’s Pension Allowance at Normal Retirement Date shall be equal to his or her Cash Balance Accrued Benefit or Accumulated Benefit commencing at Normal Retirement Date. The CEI Participant’s Cash Balance Account or Accumulated Benefit as of any determination date is calculated in accordance with this Subsection (b).

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2. Compensation Credits

i. Allocation Date shall mean the last day of each calendar quarter in each Plan Year. As of the Allocation Date, a CEI Participant shall receive an allocation to his or her Cash Balance Account in an amount determined in accordance with the following schedule:

Sum of Age and Years of Accredited Service (each rounded to nearest whole number) as of Allocation Date	Percentage of Annual Compensation Earned or Credited in Calendar Quarter			Excess Annual Allocation – Percentage of Annual Compensation Earned or Credited in Calendar Quarter in Excess of Social Security Taxable Wage Base
Less than 35		4	%		4	%
At least 35 but less than 50		5	%		4	%
At least 50 but less than 65		6	%		4	%
65 and over		7	%		4	%

ii. The entire amount, if any, of a CEI Participant’s Annual Variable Pay Award shall be included in the CEI Participant’s Annual Compensation in the calendar quarter in which the Award is paid. However, if a CEI Participant’s Annual Compensation as of the calendar quarter with some or all of the Annual Variable Pay Award exceeds the Code Section 401(a)(17) limit, his or her Annual Variable Pay Award will not be included in that calendar quarter. In no event will his or her Annual Compensation for the calendar quarter exceed the Code Section 401(a)(17). Any portion of a CEI Participant’s Variable Pay Award not included as Annual Compensation pursuant to

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the preceding sentence will, in the case of a Participant whose Annual Compensation is not projected to exceed the limitations of Section 401(a)(17) of the Code in effect for such calendar year, be added to the Annual Compensation paid to the Participant for pay periods ending in each such succeeding calendar quarter (but not in excess of 25% of the Section 401(a)(17) limit for such calendar year) until all such Variable Pay Award has been included as Annual Compensation for such calendar year, provided that in no event shall the limitations of Section 401(a)(17) of the Code be exceeded. Annual Compensation is determined based on the CEI Participant’s rate of pay in the last pay period in each Calendar quarter.

iii. A CEI Participant whose termination of employment occurs in the first or second month of a calendar quarter shall receive an allocation for such calendar quarter. He or she will receive an allocation equal to a pro rata quarterly allocation based on age, years of Accredited Service, and the Annual Compensation he or she received in such calendar quarter at his or her termination of employment. The CEI Participant will receive his or her applicable percentage — 4%, 5%, 6% or 7% — times one twelfth of her or his annual salary rate in effect as of the date of termination of employment times the number of months of Accredited Service in the quarter plus the applicable 4%, 5%, 6% or 7% times any Variable Pay Award, Sunday premium pay and night shift and midnight shift differential premium pay awarded during the quarter. Additionally, if the CEI Participant has exceeded the Social Security Taxable Wage

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Base, he or she will receive an additional 4% allocation on the Annual Compensation in the calendar quarter that has exceeded the Social Security Taxable Wage Base.

iv. For any period of an authorized, unpaid leave of absence for which the CEI Participant receives Accredited Service (up to but not to exceed six months), the CEI Participant shall receive compensation credits to his or her Cash Balance Account. The compensation credits shall be determined on the assumption that the CEI Participant continued to receive during the leave period the Annual Compensation (excluding any Annual Variable Pay Award, Sunday premium pay and night shift and midnight shift differential premium pay during the calendar quarter) in effect for such CEI Participant immediately prior to such leave of absence.

v. If the CEI Participant has exceeded the Social Security Taxable Wage Base, she or he will receive an additional 4% allocation on the Annual Compensation in the calendar quarter that has exceeded the Social Security Taxable Wage Base

vi. For any period of an authorized, unpaid leave of absence for which the CEI Participant receives Accredited Service (up to but not to exceed six months), the CEI Participant shall receive compensation credits to his or her Cash Balance Account. The compensation credits shall be determined on the assumption that the CEI Participant continued to receive during the leave period the Annual Compensation (excluding any Annual Variable Pay Award) in effect for such CEI Participant immediately prior to such leave of absence.

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3. Interest Credits to Cash Balance Account

i. As of the last day of each calendar quarter of each Plan Year, the Cash Balance Account shall be increased by an amount equal to one-fourth of the IRS Interest Rate multiplied by the CEI Participant’s Cash Balance Account as of the first day of such calendar quarter. Notwithstanding the foregoing, the interest rate taken into account as of the last day of any calendar quarter coinciding with or preceding the CEI Participant’s Annuity Starting Date shall not be less than 0.75% or greater than 2.25%. In the event the Annuity Starting Date of a CEI Participant is prior to the last day of a calendar quarter, he or she will receive a pro rata interest credit based on the number of months in that quarter prior to the Annuity Starting Date.

ii. Limitation on Credits. Notwithstanding the foregoing, in no event shall any interest credits be made to the account of any CEI Participant for any period on and after his or her Annuity Starting Date.

4. Death Benefit

i. If a CEI Participant is entitled to a vested Pension Allowance and dies before his or her ASD, a death benefit equal to the Cash Balance Account will be payable to the CEI Participant’s Beneficiary.

ii. If the Beneficiary is the CEI Participant’s Surviving Spouse, his or her Surviving Spouse’s death benefit will be payable as a single life annuity commencing in the month following the month of the death of the CEI Participant. The single life annuity will equal 100% of the vested Cash Balance Account as

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of the date of death of the CEI Participant. The single life annuity payable to the Surviving Spouse shall be the Actuarial Equivalent of the Cash Balance Account of the CEI Participant at the date of death, using the IRS Interest Rate and the IRS Mortality Table.

iii. If the Surviving Spouse elects, she or he may receive a single sum payment equal to the Cash Balance Account, in lieu of the single life annuity. In all cases, the Surviving Spouse may elect payment as soon as practicable after the CEI Participant’s death. Whichever form the Surviving Spouse chooses, his or her benefit will not be less than what the Surviving Spouse would have received as the Surviving Spouse entitled to the 50% “qualified joint and survivor annuity,” or the 50% “qualified pre-retirement survivor annuity,” as those terms are defined in the Internal Revenue Code.

iv. If the CEI Participant’s Beneficiary is not the Surviving Spouse, she or he is entitled to the CEI Participant’s total Cash Balance Account. The Beneficiary may elect is a Cash Balance Single Sum Payment or any annuity for the life of the Beneficiary that is the Actuarial Equivalent of the Cash Balance Single Sum Payment, using the IRS Interest Rate and the IRS Mortality Table. Whichever form the Beneficiary elects, her or his form and timing of payment must comply with the distribution rules codified in Code Section 401(a)(9) and the final regulations set forth in Treasury Regulations 1.401(a)(9) as in effect at the time of the distribution. The Beneficiary’s benefit will be paid as soon as practicable following the CEI Participant’s date of death.

v. If the vested CEI Participant is not married at his or her death and there is no surviving Beneficiary or a Beneficiary has not been designated, the death benefit shall be payable to the CEI Participant’s estate or legal representative.

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4.03 Late Retirement

a. If a Participant postpones his or her retirement beyond his or her Normal Retirement Date (“Late Retirement”), upon his or her termination of employment (“Late Retirement Date”), the Participant shall be entitled to a Late Retirement Pension Allowance beginning on the first day of the calendar month after the Plan Administrator receives his or her written application to retire. A Participant who has served a minimum of two years in a high-level executive or policymaking position immediately preceding retirement and who is entitled to a non-forfeitable, immediate, Company-provided annual retirement Pension Allowance from any source or combination of sources which is at least equal to a single life annuity of $44,000 per year may be retired at the election of the Company at any time on or after his or her attainment of age 65.

b. A Participant who remains in service after his or her Normal Retirement Date shall be entitled to a monthly retirement Pension Allowance for each month during the postponement period which is a Non-Suspendible Month. Upon termination of employment, the Participant shall be entitled to an immediate Late Retirement Pension Allowance beginning on the Participant’s Late Retirement Date. Subject to the provisions of Section 5.01, his or her Late Retirement Pension Allowance shall be equal to the amount determined in accordance with the applicable benefit formula as of his or her Late Retirement Date, reduced by an amount that is the Actuarial Equivalent of any Pension Allowance he or she previously received in any Non-Suspendible Month.

c. If, in accordance with Code Section 401(a)(9) minimum required distribution rules, a Participant must commence receipt of his or her Pension

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Allowance while in active service, after his or her Normal Retirement Date, such commencement date is not the Participant’s Annuity Starting Date for purposes of Article 5. The Participant shall receive a Pension Allowance in an amount determined as if he or she had retired on such date. As of each succeeding December 31 prior to the Participant’s actual Late Retirement Date, and as of his or her actual Late Retirement Date, the Participant’s Pension Allowance shall be recomputed to reflect additional accruals. The Participant’s recomputed Pension Allowance shall then be reduced by the Actuarial Equivalent of the total payments of his or her Pension Allowance made with respect to monthly payments made in that calendar year, other than payments for Non-Suspendible Months of continued employment, which were paid prior to each such re-computation to arrive at the Participant’s Late Retirement Pension Allowance. No such reduction shall reduce the Participant’s Late Retirement Pension Allowance below the amount of Late Retirement Pension Allowance payable to the Participant prior to the re-computation of such Pension.

4.04 Early Retirement

a. CEI Participants

1. A CEI Participant who is entitled to a vested Pension Allowance may elect to commence receipt of his or her vested Pension Allowance prior to his or her Normal Retirement Date (“Early Retirement”). The Pension Allowance payable at his or her Early Retirement Date will equal his or her Cash Balance Accrued Benefit, reduced for early distribution, from his or her Normal Retirement Date to his or her Annuity Starting Date, using the IRS Interest Rate. However, if the Pension Allowance is paid as an annuity, it shall be no less than the Actuarial Equivalent of the CEI Participant’s Cash Balance Account, using the IRS Interest Rate and IRS Mortality Table. Further, if the Pension Allowance is paid as a Cash Balance Single Sum Payment, it shall be no less than the CEI Participant’s Cash Balance Account as of the date of payment.

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2. If the CEI Participant is married at the time his or her Pension Allowance begins, his or her Early Retirement Cash Balance Accumulated Benefit is payable in the normal form of a joint and 50% survivor annuity. If the CEI Participant is not married, or if married, his or her spouse consents, the CEI Participant may elect to receive his or her Early Retirement Cash Balance Accumulated Benefit in a Cash Balance Single Sum Payment.

b. CECONY Participants.

A Rule of 75 Participant may retire and elect to commence receiving his or her Pension Allowance prior to his or her Normal Retirement Date (“Early Retirement”). The amount of the Early Retirement Pension Allowance shall be determined below.

1. Attainment of Age 55 and 30 Years of Accredited Service This section applies to a CECONY Participant who has attained age 55 and has completed at least 30 years of Accredited Service as of the Annuity Starting Date. His or her Early Retirement Pension Allowance shall equal the Normal Retirement Pension Allowance determined under the applicable benefit formula set forth in Appendix F. However, the portion of the Normal Retirement Pension Allowance, if any, for a CECONY Management Participant affected by the Social Security Taxable Wage Base, will be reduced by the appropriate discount factor in Appendix A, Sub appendix A -1, Actuarial Factors Applicable to CECONY Participants, based on the Participant’s age as of his or her Annuity Starting Date. This section applies to a CECONY Participant, including, a CECONY Local 3 Employee -1 who is hired before December 31, 2009, and has completed at least 30 years of Accredited Service as of the Annuity Starting Date.

2. Special Rule for a CECONY Management Participant Tier 1 ( a CECONY Management Participant who had not attained age 50 on or before January 1, 2013):

i. For purposes of calculating an Early Retirement Pension Allowance, a CECONY Management Participant Tier 1 will have his or her Pension Allowance that has been accrued as of December 31, 2012 (“Pre 2013 Pension Accrual”) calculated differently than the portion of his or her Pension Allowance that is accrued on and after January 1, 2013 (“Post 2012 Pension Accrual”), according to these rules.

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ii. A CECONY Management Participant Tier 1 who has attained age 55 and has completed at least 30 years of Accredited Service as of his or her Annuity Starting Date may elect to begin the distribution of his or her Pension Allowance as an Early Retirement Pension Allowance. His or her Pre 2013 Pension Accrual will be determined under the applicable benefit formula set forth in Appendix F (unless he or she is affected by the Social Security Taxable Wage Base), without reduction. However, the portion of his or her Pension Allowance affected by the Social Security Taxable Wage Base, if any, will be reduced by the appropriate discount factor in Appendix A, Sub-Appendix A-1, Actuarial Factors Applicable to CECONY Participants, based on the Participant’s age as of his or her Annuity Starting Date.

iii. If a CECONY Management Participant Tier 1, who has attained age 55 and has completed at least 30 years of Accredited Service, elects to begin the distribution of his or her Pension Allowance as an Early Retirement Pension Allowance, his or her Post 2012 Pension Accrual will be reduced five percent (5%) for each year distribution begins between the ages of 55 and 60.

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The Consolidated Edison Retirement Plan – Part I

iv. A CECONY Management Participant Tier 1 who has attained at least age 55 and has at least 75 points may elect to begin distribution of his Pension Allowance as an Early Retirement Pension Allowance. For each year distribution begins between the ages of 55 and age 60 , his or her Pre 2013 Pension Accrual will be reduced by one and one half percent (1.5%). His or her Post 2012 Pension Accrual will be reduced by five percent (5%) for every year distribution begins between the ages of 55 and 60.

v. For purposes of calculating the Pre 2013 Pension Accrual and the Post 2012 Pension Accrual under the alternative Total Salary formula in Section F.A.2 (b) of Appendix F, the Pre 2013 Pension Accrual is the ratio of Accredited Service up to and including December 31, 2012 (limited to 30 years) to total Accredited Service as of the date of termination of employment (limited to 30 years) multiplied by the total accrued benefit under said formula. The Post 2012 Pension Accrual, if any, is the excess of the total accrued benefit under said formula as of the date of termination over the Pre 2013 Pension Accrual.

vi. Each CECONY Management Participant Tier 1 who has attained age 60 and has completed at least 15 years of Accredited Service as of the Annuity Starting Date may elect to begin his or her Pension Allowance. His or her Early Retirement Pension Allowance shall be calculated under the applicable benefit formula set forth in Appendix F, unless he or she is affected by the Social Security Taxable Wage Base, without reduction. However, the portion of his or her Pension Allowance affected by the Social Security Taxable Wage Base, if any, will be

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reduced by the appropriate discount factor in Appendix A, Sub-Appendix A -1, Actuarial Factors Applicable to CECONY Participants, based on the Participant’s age as of his or her Annuity Starting Date.

3. Attainment of Age 60 This section applies to a CECONY Participant who has attained age 60 and has completed at least 15 years of Accredited Service as of the Annuity Starting Date. His or her Early Retirement Pension Allowance shall be calculated using the same methodology as if he or she had attained age 55, and completed 30 years of Accredited Service.

4. 75 Points Only

This Section applies to a CECONY Participant who has 75 Points but does not meet the age or service criteria set for in (1) or (2) above as of the Annuity Starting Date. His or her Early Retirement Pension Allowance shall equal the Normal Retirement Pension Allowance determined under the applicable benefit formula set forth in Appendix F multiplied by the appropriate discount factor in Appendix A, Sub appendix A.1, based on the Participant’s age as of the Annuity Starting Date. However, the portion of the Normal Retirement Pension Allowance, if any, for a CECONY Management Participant affected by the Social Security Taxable Wage Base shall be reduced by the appropriate discount factor in Appendix A, Sub appendix A-1, based on the CECONY Participant’s age as of the Annuity Starting Date.

c. O&R Participants

1. Upon written application filed with the Plan Administrator prior to the commencement date, an O&R Participant who has not reached his or her Normal Retirement Date but who at the time of termination of employment has reached his or her “Early Retirement Date” as defined below, shall be eligible to commence the receipt of his or her Pension Allowance as of the later of: (1) the first day of the calendar month which

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immediately follows his or her Early Retirement Date, or (2), the first day of the calendar month which is at least 30 days after the O&R Participant has received the information referred to in Section 5.03. Early Retirement Date is the first day of the month following the month in which an O&R Participant attains age 55 and has completed at least ten years of Vesting Service (or, if applicable, ten years of Credited Service if such O&R Participant terminated on or before July 1, 1999).

2. Subject to Section 4.04(c)(3), Section 4.09 and Article 5, the Early Retirement Pension Allowance shall be a benefit commencing immediately, computed in accordance with Appendix F, Section F.3A without regard to when the Pension Allowance actually commences. The Early Retirement Pension Allowance, computed in accordance with Appendix F, Section F.3A shall be a Normal Retirement Pension Allowance, with the amount computed in accordance with Appendix F, Section F.3A. The Pension Allowance will be based on the O&R Participant’s Annual Compensation and Accredited Service at the time of his or her Early Retirement Date. An additional benefit will be included in his or her Early Retirement Pension Allowance. This additional benefit is equal to two (2) years of Accredited Service computed on the basis of his or her Annual Compensation at the rate being paid to him or her immediately prior to his or her Early Retirement Date. His or her Early Retirement Pension Allowance is then reduced by 1/3 of 1% for each complete calendar month by which the commencement date of his or her Early Retirement Pension Allowance precedes the date which is five years prior to his or her Normal Retirement Date. The foregoing reduction for a commencement date preceding the date which is five years prior to his or her Normal Retirement Date shall not be made if, at the O&R Participant’s Early Retirement Date, the Participant is a Rule of 85 Participant. The Early

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Retirement Pension Allowance computed in accordance with Section 5.01(c)(2) shall be the Actuarial Equivalent of the Early Retirement Pension Allowance computed in accordance with the immediately preceding sentence.

3. At the time of Early Retirement, an O&R Participant may elect in writing, filed with and acknowledged by the Plan Administrator, to defer receipt of an Early Retirement Pension Allowance. An election to defer will be deemed to have been made by an O&R Participant if a written deferral election is not received and written consent to receipt of an Early Retirement Pension Allowance is not filed with and acknowledged by the Plan Administrator within the 90-day period prior to the date as of which payments could otherwise begin under this Section. An O&R Participant whose Early Retirement Pension Allowance is deferred shall have his Early Retirement Pension Allowance commence as of his Normal Retirement Date. Subject to Section 4.09 and Article 5, the deferred Early Retirement Pension Allowance shall be computed in accordance with Appendix F, Section F.3A, on the basis of the Participant’s Annual Compensation and Accredited Service to his or her Early Retirement Date and the additional benefit for two (2) years of Accredited Service computed on the basis of his or her Annual Compensation at the rate being paid to him or her immediately prior to his or her Early Retirement Date. Notwithstanding Section 4.05(c), an O&R Participant who defers commencement of an Early Retirement Pension Allowance may elect to receive a vested Pension Allowance under Section 4.05(c) commencing at any time prior to his Normal Retirement Date in lieu of any Early Retirement Pension Allowance under this Section 4.04(c).

4. Supplemental Payment between Ages 60 to 62. A supplemental payment of six hundred dollars ($600) a month shall be paid to a retired

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The Consolidated Edison Retirement Plan – Part I

O&R Participant whose Early Retirement Pension Allowance commencement date occurs on or after the date on which the O&R Participant attains age sixty (60) but prior to the Participant’s attaining age sixty-two (62). Effective for an O&R Participant hired before January 1, 2001, and retired after January 1, 2005, the supplement payment will be increased from six hundred dollars ($600) a month to eight hundred dollars ($800) a month. Effective for an O&R Participant who retires on or after January 1, 2011, the supplement payment will be increased from eight hundred dollars ($800) a month to nine hundred dollar ($900) a month. The monthly supplemental payments will cease with the payment made on the earlier of the first day of the month in which occurs the retired Participant’s death or attainment of age sixty-two (62). The monthly supplemental payments will be paid only to a retired O&R Participant who is eligible as set forth herein and shall not be subject to optional forms of payment or Spouse’s or vested O&R Participant Spouse’s Allowances. The monthly supplemental payments are not part of the retired O&R Participant’s monthly Pension Allowance and are not subject to the pension benefit adjustments, but are subject to cessation in the event of re-employment which results in cessation of the retired O&R Participant’s monthly Pension Allowance.

5. Special Rule for an O&R Management Participant Tier 1 ( an O&R Management Participant who had not attained age 50 on or before January 1, 2013):

i. For purposes of calculating an Early Retirement Pension Allowance, an O&R Management Participant Tier 1 may have his or her Pension Allowance that has been accrued as of December 31, 2012 (“Pre 2013 Pension Accrual”) calculated differently than the portion of his or her Pension Allowance that

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is accrued on and after January 1, 2013 (“Post 2012 Pension Accrual”), according to these rules. The additional benefit equal to two (2) years of Accredited Service computed on the basis of his or her Annual Compensation at the rate being paid to him or her immediately prior to his or her Early Retirement Date shall be considered part of the Pre 2013 Pension Accrual.

ii. If an O&R Management Participant Tier 1 who has attained age 55 and is a Rule of 85 Participant elects to begin immediate distribution of his or her Pension Allowance as an Early Retirement Pension Allowance, his or her Pre 2013 Pension Accrual will be determined under the applicable benefit formula set forth in Appendix F, without reduction.

iii. If an O&R Management Participant Tier 1 who has attained age 55 and is a Rule of 85 Participant, elects to begin immediate distribution of his or her Pension Allowance as an Early Retirement Pension Allowance, his or her Post 2012 Pension Accrual will be reduced five percent (5%) for each year distribution begins between the ages of 55 and 60.

iv. If an O&R Management Participant Tier 1 who has attained at least age 55 and has at least 10 years of Vesting Service but is not a Rule of 85 Participant elects to begin immediate distribution of his Pension Allowance as an Early Retirement Pension Allowance, the following reductions will be made. For each year distribution begins between the ages of 55 and age 60 , his or her Pre 2013 Pension Accrual will be reduced by four percent (4%). His or her Post 2012 Pension Accrual will be reduced by five percent (5%) for every year distribution begins between the ages of 55 and 60.

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v. If an O&R Management Participant Tier 1 who has attained age 60 and has completed at least 10 years of Vesting Service elects to begin immediate distribution of his or her Pension Allowance as an Early Retirement Pension Allowance, his entire Early Retirement Pension Allowance shall be calculated under the applicable benefit formula set forth in Appendix F, without reduction.

4.05 Vested Terminations Before Attaining Early Retirement

a. Vested Terminations – Vesting Service Unless explicitly set forth otherwise, each Participant shall be 100% vested in, and have a nonforfeitable right to, his or her Pension Allowance upon completion of five Years of Vesting Service. Effective January 1, 2008, each CEI Participant who has an Hour of Service on and after January 1, 2008 shall become 100% fully vested upon completion of three years of vesting service. If the Participant’s employment with the Company or an Affiliate is subsequently terminated for reasons other than retirement, death, or, if otherwise explicitly applicable to such a Participant, Disability, he or she shall be eligible for a deferred vested Pension Allowance payable on the Participant’s Normal Retirement Date.

b. Vested Terminations for CECONY Participants A CECONY Participant who is not a Rule of 75 Participant, but who is entitled to a deferred vested Pension Allowance, may elect to commence receipt of his or her vested Pension Allowance prior to his or her Normal Retirement Date. The vested Pension Allowance, payable as a Cash Out, will equal the Actuarial Equivalent of his or her normal retirement Pension Allowance, in the form of a single life annuity.

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c. Vested Terminations for O&R Participants An O&R Participant who has not satisfied the requirements for an Early Retirement Pension Allowance but has earned a vested Pension Allowance may elect to receive a vested Pension Allowance on or after attainment of age 55 and completion of 10 years of Vesting Service, as set forth below.

1. An O&R Participant who ceases to be employed by the Company or an Affiliate for reasons other than death, retirement or Approved Leave of Absence, and before he or she has completed at least five years of Vesting Service, will be entitled only to receive his or her Accumulated Contributions.

2. Subject to Section 4.09 and Article 5, the vested Pension Allowance shall be a deferred Pension Allowance commencing on the vested Participant’s Normal Retirement Date and shall be computed in accordance with Appendix F, Section F.3A(a), as in effect on his or her date of termination, with the amount determined under Appendix F, Section F.3A, as applicable, computed on the basis of the Participant’s Annual Compensation and Accredited Service immediately prior to his or her date of termination and the additional benefit for two (2) years of Accredited Service computed on the basis of his or her Annual Compensation at the rate being paid to him or her immediately prior to his or her date of termination.

3. Except as provided in Section 4.05(c)(4), this section applies to a vested O&R Participant who, on the date of termination, has completed at least 10 years of Vesting Service but has not reached his or her 55th birthday. He or she shall be eligible to receive, commencing as of the first day of any calendar month following his or her 55th birthday, but not later than his or her Normal Retirement Date, as specified in an election in writing filed with and acknowledged by the Plan Administrator no more than 90 days prior to his or her Annuity Starting Date, a vested Pension Allowance. Such Pension Allowance will be equal to the vested Pension Allowance computed in accordance with Section 4.05(c)(2) above reduced by  ¹⁄₂ of

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1% for each complete calendar month by which the date of commencement of the vested Participant’s Pension Allowance precedes such Participant’s Normal Retirement Date.

4. A vested O&R Participant who elects to receive his or her Accumulated Contributions will have his or her vested Pension Allowance reduced in accordance with Section 4.05(c)(5).

5. The vested Pension Allowance of an O&R Participant who has received his or her Accumulated Contributions will be reduced (but not below zero) by that portion of his or her accrued Pension Allowance which is attributable to such Participant’s Accumulated Contributions. With respect to a Pension Allowance payable for life and computed in accordance with Appendix F, Section F.3A(a), the portion of such Participant’s Pension Allowance attributable to his or her Accumulated Contributions shall be equal to his Accumulated Contributions which were withdrawn, plus hypothetical interest at the rate determined in accordance with the definition of Accumulated Contributions, in Section 1.02, at the date of withdrawal to the Participant’s Normal Retirement Date, multiplied by a conversion factor. The conversion factor for a Pension Allowance commencing at Normal Retirement Date shall be determined pursuant to the provisions of Code Section 411(c)(2) and any related regulations as then in effect. With respect to a Pension Allowance payable and computed in accordance with Appendix F, Section F.3A(a), of Appendix F and Section 5.01(c)(2), the portion attributable to the Participant’s Accumulated Contributions shall be the Actuarial Equivalent of the amount determined above.

d. Vested Terminations for CEI Participants A CEI Participant who is entitled to a deferred vested Pension Allowance may elect to commence receipt of his or her vested Pension Allowance prior to his or her Normal Retirement Date.

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If the Pension Allowance is paid as a single life annuity, it shall be no less than the Actuarial Equivalent of the CEI Participant’s Cash Balance Accumulated Benefit, using the IRS Interest Rate and the IRS Mortality Table. If the Pension Allowance is paid as a Cash Balance Single Sum Payment, it shall be no less than the CEI Participant’s Cash Balance Accumulated Benefit as of the date of payment. If the CEI Participant is married at the time his or her Pension Allowance begins, his or her vested Cash Balance Accrued Benefit is payable in the normal form of a joint and 50% survivor annuity. If the CEI Participant is not married, or if married, his or her spouse consents, the CEI Participant may elect to receive his or her vested Cash Balance Accumulated Benefit in a Cash Balance Single Sum Payment.

4.06 Disability Pension Allowance – CECONY Participants

a. Social Security Disability If a CECONY Participant terminates active employment because of a Disability and has at least five Years of Vesting Service, he or she may elect to be treated as if he or she remained in active employment until the earliest of: (i) the end of his or her Disability; (ii) date of commencement of any gainful employment or any self-employment or any activity of like nature in which the Participant receives wages or earned income; (iii) date of death, or (iv) Normal Retirement Date. The Pension Allowance of such CECONY Participant shall be determined as if his or her Annual Basic Straight Time Compensation at the point of his or her actual termination of active employment was his or her Annual Compensation for all future years. For that period of “deemed employment,” Annual Compensation shall not include an Annual Variable Pay Award.

There is no Disability Pension Allowance for a CEI Participant.

b. Social Security Disability or Total and Permanent Disabilities Without Eligibility for Social Security Disability Benefits A CECONY Participant who incurs a Disability while actively employed and a CECONY Participant who terminates employment due to a total and permanent disability, as determined by the Employer in accordance with its established procedures, may elect to commence

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benefits under the Plan at a date earlier than his or her Normal Retirement Date. If, at the date of termination of employment or disability, whichever is earlier, the CECONY Participant has attained age 50 and completed at least 20 Years of Accredited Service, the Pension Allowance shall be determined in accordance with the applicable Normal Retirement Pension Allowance as set forth in Appendix F, Section F.1 or F.2. If he or she is a CECONY Management Participant, the portion of the Pension Allowance affected by the Social Security Taxable Wage Base will be reduced by the discount factor in Table D, Sub appendix A.1 of Appendix A, based on the Participant’s age as of the Annuity Starting Date. If the CECONY Participant has attained at least age 50 and completed at least 20 years of Credited Service, the portion of the Pension Allowance attributable to Section F1 or F.2A(a)(i),(ii) and (iv) of Appendix F is not reduced for early commencement. If such CECONY Participant is a Rule of 75 CECONY Participant as of the Annuity Starting Date but has not attained age 50 and completed at least 20 years of Accredited Service as of termination of employment or Disability, whichever is earlier, the accrued Pension Allowance commencing at Normal Retirement Date shall be reduced by 1.5% for each year (prorated for months) that his or her Annuity Starting Date precedes attainment of age 60. If such CECONY Participant is not a Rule of 75 Participant as of the Annuity Starting Date, the benefit, if any, vested and payable to such CECONY Participant shall be a vested Pension Allowance determined in accordance with Section 4.05(b).

There is no Disability Pension Allowance for a CEI Participant.

4.07 Disability – O&R Participant and O&R Disability Pension Allowance

a. Upon written application to the Plan Administrator, an O&R Participant who is disabled while in active service, has not reached his or her Normal Retirement Date, and has completed at least 10 years of Accredited Service will be retired on an O&R Disability Pension Allowance. The O&R Disability Pension Allowance is in lieu of

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retirement under any other provision of the Plan and will be effective as of the first day of a calendar month not less than 30 nor more than 90 days next following the receipt by the Plan Administrator of such written application, provided the Plan Administrator finds the Participant is disabled, as set forth herein (“O&R Disability Retirement Date”). The Plan Administrator must find to his or her satisfaction that a physician designated by the O&R Participant and a physician designated by O&R have each certified an opinion that such O&R Participant is totally incapacitated, mentally or physically, from the further performance of his or her regular duties or duties comparable thereto. The certified opinions must find that such incapacity occurred while the O&R Participant was in active service with the Company or an Affiliate, resulted in termination of employment with the Company or an Affiliate, and is likely to be permanent. Alternatively, the Plan Administrative must find that such O&R Participant is eligible for and in receipt of a disability benefit under the Social Security Act, as amended from time to time, with respect to a disability within the meaning of this subparagraph, which occurred while in active service with the Company or an Affiliate and resulted in termination of employment with the Company or an Affiliate. If the opinions of the designated physicians differ as to whether the O&R Participant is totally incapacitated, the certified opinion of a third physician, rendered after examination of the O&R Participant and, to the extent deemed appropriate by the third physician, consultation with the other two physicians, will determine whether the O&R Participant is totally incapacitated. The third physician will be selected by the O&R Participant from a list of three names of independent physicians provided by O&R. The fees and expenses of the third physician will be paid by O&R.

b. The O&R Disability Pension Allowance will be payable as of the O&R Participant’s O&R Disability Retirement Date and thereafter subject to continuance of his or her disability as provided in Section 4.07(c). The O&R Disability Pension Allowance will be equal to a Pension Allowance computed in accordance with

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Appendix F, Section F.3A(a) and Section 5.01(c), with the amount determined under Appendix F, Section F.3A.(a)(i) computed on the basis of the O&R Participant’s Annual Compensation and Accredited Service immediately prior to his or her date of termination. The additional benefit for two (2) years of Accredited Service will be computed on the basis of the O&R Participant’s Annual Compensation at the last regular rate being paid to him or her immediately prior to his or her date of termination.

c. Once each year, the Plan Administrator may require an O&R Participant receiving an O&R Disability Pension Allowance who has not reached his or her Normal Retirement Date to undergo a medical examination by a physician or physicians designated by the Plan Administrator, such examination to be made at the place of residence of such O&R Participant or other place mutually agreed upon. Should any such O&R Participant refuse to submit to such medical examination, the part of his or her O&R Disability Pension Allowance provided by Employer contributions shall be discontinued until his or her withdrawal of such refusal, and should his or her refusal continue for a year, all rights in and to the O&R Disability Pension Allowance shall cease and the election of an optional benefit, if one has been elected, shall be of no further effect. If the Plan Administrator finds from such medical examination or otherwise that the disability of an O&R Participant receiving an O&R Disability Pension Allowance who has not reached his Normal Retirement Date has been removed and that he or she has regained his or her earning capacity, in whole or in part, or that he or she is no longer in receipt of a disability benefit under the Social Security Act, the part of his or her Disability Pension Allowance provided by Employer contributions shall be discontinued or reduced proportionately. He or she shall be entitled to have his or her original Disability Pension Allowance restored in whole or in part prior to his or her Normal Retirement Date upon the Participant’s again, or initially, receiving a disability benefit under the Social Security Act with respect to the total incapacity which originally entitled the O&R Participant

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to the Disability Pension Allowance. Alternatively, he or she be entitled to have his or her original Disability Pension restored if on the basis of the certified opinions of a physician designated by the O&R Participant and a physician designated by O&R, (with any difference in opinion as to whether the O&R Participant is totally incapacitated to be resolved by the opinion of the third physician selected as set forth in Section 4.07(a)), the Plan Administrator finds that the O&R Participant again meets the requirements for Disability Pension Allowance. In the event that such Participant’s Disability Pension Allowance is discontinued as herein provided and he or she is not restored to service as an Employee, he or she shall be entitled to receive a vested Retirement Allowance computed in accordance with Section 4.05(c)(2) or (3) or, if such O&R Participant was at least age 55 at the time of his or her Disability Retirement, an Early Retirement Pension Allowance computed in accordance with Section 4.04(c)(2) or (3), whichever applies.

There is no Disability Pension Allowance for a CEI Participant.

4.08 Spouse’s Pension

a. Unless otherwise set forth, if a married Participant:

1. dies vested and in active service; or

2. dies after retiring on any Pension Allowance, or dies after terminating service with entitlement to a vested Pension Allowance but in both cases before his or her Annuity Starting Date; or

3. terminates employment fully vested dies and before his or her Annuity Starting Date, then a spouse’s Pension Allowance shall be payable to his or her Surviving Spouse for life.

b. CECONY Participants

(1) This Section 4.08(b)(1) applies to a Participant who, as of his or her date of death, was a Rule of 75 CECONY Participant and is survived by a spouse. The Surviving Spouse shall be entitled to receive a Pension Allowance in the form of a pre-retirement survivor annuity payable

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following the death of the Rule of 75 CECONY Participant. In the case of a Surviving Spouse of a Rule of 75 CECONY Participant, other than a CECONY Weekly Participant –1, the pre-retirement survivor annuity shall be equal to 50% of the Pension Allowance which the deceased Rule of 75 CECONY Participant would have begun receiving if he or she had terminated employment on the date of death and had applied for a Pension Allowance commencing on the first day of the month immediately following his or her death. In the case of a Surviving Spouse of a CECONY Weekly Participant –1, the pre-retirement survivor annuity shall be equal to 50% of the reduced 50% qualified joint and survivor annuity which the deceased Rule of 75 CECONY Participant would have begun receiving if he or she had terminated employment on the date of death, and had applied for such a Pension Allowance commencing on the first day of the month immediately following his or her death. Payment of the annuity shall commence on the first day of the month following the Rule of 75 CECONY Participant’s death unless the Surviving Spouse elects a later commencement date. Notwithstanding the foregoing, no Accredited Service shall be granted for any period following a Rule of 75 CECONY Participant’s termination of employment.

2. This Section 4.08(b)(2) applies to a CECONY Participant who, as of date of death, was not a Rule of 75 Participant, was eligible for a Pension Allowance, and is survived by a spouse. The Surviving Spouse is entitled to receive a pre-retirement survivor benefit of an immediate lump sum payment equal to 50% of the Cash Out, determined in accordance with Section 5.02(c), that the deceased CECONY Participant would have received if he or she had terminated employment and elected a Cash Out on his or her date of death (“Lump Sum PRSB”). If the Lump Sum PRSB amount exceeds $5,000, or beginning for distributions after March 28,

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2005, $1,000, it shall not be paid unless the Surviving Spouse consents to such payment in writing on a form provided by the Plan Administrator. If consent is required but not provided, the Surviving Spouse will receive an annuity. Unless the Surviving Spouse elects the Cash Out, such annuity will begin on the first day of the month following the CECONY Participant’s death. The amount payable shall be the greater of (1) or (2) where (1) is determined by dividing the Lump Sum PRSB payable to the Surviving Spouse by an annuity conversion factor determined on the basis of the IRS Mortality Table, the Adjusted IRS Interest Rate and the Surviving Spouse’s age as of the month of determination and (2) is determined by converting 50% of the Participant’s normal retirement Pension Allowance into an annuity on the basis of the IRS Mortality Table, the Adjusted IRS Interest Rate and the Surviving Spouse’s age as of the month of determination. If the Participant of the Surviving Spouse was a CECONY Local 3-1 Employee, the “Adjusted Interest Rate,” used in the previous sentence, will be deleted and, in its place, the IRS Interest Rate will be used. If the Surviving Spouse elects to defer the commencement of such annuity, the amount thereof shall be increased so that the deferred annuity commencing on the date elected by the Surviving Spouse is the Actuarial Equivalent of the immediate annuity otherwise payable, on the basis of the IRS Mortality Table and the IRS Interest Rate. Notwithstanding the foregoing, no Accredited Service shall be granted for any period following a Participant’s termination of employment.

3. An election by the Surviving Spouse to commence receiving payments prior to what would have been the Participant’s Normal Retirement Date may be made during the 90-day period ending on the date the payments to the Surviving Spouse commence.

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c. O&R Participants

(1) Spousal Benefit for O&R Participant In the case of the death of a married O&R Participant in active service prior to the O&R Participant’s Normal Retirement Date and after completing five years of Vesting Service, or, regardless of the number of years of Vesting Service, after the Participant’s Normal Retirement Date or after becoming fully vested, there shall be payable to the Participant’s Surviving Spouse, a Spouse’s Allowance (“O&R Surviving Spouse’s Allowance”).

2. The O&R Surviving Spouse’s Allowance is equal to one-half of the benefit which would have been payable to the deceased O&R Participant on retirement under the provisions of Appendix F, Section F.3A (including the additional benefit for two years) as of the first day of the month coincident with or next following the O&R Participant’s date of death; provided that such amount shall be reduced by one percent for each full year in excess of two years by which the deceased O&R Participant’s age exceeds the age of the Surviving Spouse and shall be adjusted to the Actuarial Equivalent thereof in the event the commencement of the O&R Surviving Spouse’s Allowance is deferred.

3. Unless the election provided in Section 4.08 (c)(6) is in effect, upon the death of a married vested O&R Participant prior to his or her Annuity Starting Date, there shall be payable to the vested O&R Participant’s Surviving Spouse a death benefit. This death benefit (“O&R Spouse’s Death Benefit”), is calculated differently from the way in which the O&R Surviving Spouse’s Allowance is calculated. The O&R Spouse’s Death Benefit will be payable beginning as of the first day of the calendar month coincident with or next following the later of the Participant’s death or the 65th anniversary of the Participant’s birth; provided, however, that in the event of the death of a O&R Participant with at least 10 Years of Vesting

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Service, his or her Surviving Spouse may elect to begin receiving his or her O&R Spouse’s Death Benefit as of the first day of the calendar month coincident with or next following the later of the O&R Participant’s death or the O&R Participant’s 55th birthday. The O&R Spouse’s Death Benefit shall be paid monthly until the last monthly payment prior to his or her death. The death benefit is computed in accordance with Section 4.08 (c)(4).

4. The O&R Spouse’s Death Benefit will be equal to the contingent annuitant’s portion of the joint and 50% survivor annuity, as in Section 5.02 (c)(2) computed as a vested Pension Allowance, as provided in Section 4.05(c), with such amount being further reduced for each year from termination of employment to the date of death during which the O&R Participant is covered by the spouse’s allowance protection determined on the same basis as in Section 4.08 (c)(6). The amount of reduction for each year’s coverage is set forth in Appendix A, Table E.

5. Upon commencement of payment, the vested Pension Allowance payable to a vested O&R Participant under Section 4.05 (c)(2) or (3) shall also be reduced for each year the vested O&R Participant is covered by the vested O&R Spouse’s Death Benefit protection during the period from termination of employment (or, if later, from the time that the vested O&R Participant has been given notice of his or her right to waive the vested O&R Spouse’s Death Benefit), to the date the vested Pension Allowance payments commence to the Participant. The amount of reduction for each year’s coverage is set forth in Appendix A.

6. An O&R Participant may elect at any time on or after termination of employment to waive coverage of the O&R Spouse’s Death Benefit and avoid the reductions imposed for coverage for the O&R Spouse’s Death Benefit protection. The election to waive coverage must be made by

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delivery of a properly completed written notice of such election to the Plan Administrator. Such election must be in the form prescribed by or acceptable to the Plan Administrator, and will be effective only upon filing with and acknowledgment of receipt by the Plan Administrator. Unless it is established to the satisfaction of the Plan Administrator that such consent cannot be obtained because there is no spouse, the spouse cannot be located, or there exist other reasons as may be prescribed in regulations of the Secretary of the Treasury, such election, in order to be valid, must have the signed written consent of the Participant’s spouse to the waiver of the O&R Spouse’s Death Benefit coverage, and such consent must specifically acknowledge the effect of the waiver election as well as the designation of someone other than his or her spouse as Beneficiary. The spouse’s signature to such consent and acknowledgment must be witnessed by the Plan Administrator or a Plan Administrator’s delegate, or must be notarized by a notary public. Any consent by a spouse (or establishment that the spouse’s consent cannot be obtained) shall be effective only with respect to such spouse. Any such waiver election may be revoked by written notice of the O&R Participant delivered to the Plan Administrator prior to the O&R Participant’s death. In such case, the coverage for the O&R Spouse’s Death Benefit protection will again be effective upon filing of the written revocation notice with and acknowledgment of receipt by the Plan Administrator. Thereafter, additional elections to waive coverage may be made as described above, and similar revocations of such elections may be made. In all cases, the elections to waive coverage and the revocations of such elections shall be prospective only, effective upon filing with and acknowledgement of receipt by the Plan Administrator. The Plan Administrator shall give each O&R Participant a written notice explaining

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(i) the O&R Spouse’s Death Benefit provisions, (ii) the financial effect thereof and the Participant’s right to elect to waive such coverage, (iii) the necessity of the spouse’s consent and acknowledgment in order to validate the O&R Participant’s election, and (iv) the right of the O&R Participant to make, and the effect of, a revocation of the waiver of the O&R Spouse’s Death Benefit. The required notice, if not provided to the O&R Participant within the one-year period prior to the vested O&R Participant’s date of termination of employment, shall be provided to the vested O&R Participant during the one (1) year period following such date of termination.

7. In the event of the death of an O&R Participant while coverage for the O&R Spouse’s Death Benefit is not in effect, no Death Benefit will be payable with respect to such Participant. In the event of the death of a vested O&R Participant prior to the Annuity Starting Date with respect to the vested Pension Allowance and while coverage for the O&R Spouse’s Death Benefit is not in effect or is waived, no Pension Allowance will be payable with respect to such vested Participant. If applicable, however, the provisions of Article XIII will apply.

8. In the event a married retired O&R Participant who has elected to defer commencement of the Early Retirement Pension Allowance dies before the Annuity Starting Date, there will be payable to the Participant’s Surviving Spouse an O&R Surviving Spouse’s Allowance. Such O&R Surviving Spouse’s Allowance shall be equal to the contingent annuitant’s portion of Section 5.02 (c)(2) computed as though the Early Retirement Pension Allowance had commenced in such optional form as of the first day of the month coincident with or next following the Participant’s death. In the event a married retired O&R Participant who has elected to defer commencement of the Early Retirement Pension Allowance dies before the

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Annuity Starting Date with respect to such Allowance and the Spouse’s Allowance is not in effect or payable, no Spouse’s Allowance shall be payable with respect to such Participant, but, if applicable, the provisions of Article XIII shall apply.

d. CEI Participants A married CEI Participant cannot designate someone other than his or her Spouse to receive the Spouse’s death benefit in the event the married CEI Participant dies before his or her Annuity Date. In the case of the death of a married, vested CEI Participant prior to his or her Annuity Starting Date, there shall be payable to the CEI Participant’s Surviving Spouse a death benefit equal to the CEI Participant’s Cash Balance Accumulated Benefit. The Surviving Spouse’s death benefit will never be less than the 50% “qualified pre –retirement survivor annuity,” as those terms are defined in the Internal Revenue Code.

e. Amount or Percent of Death Benefit Must Comply with IRC 401(a)(9) Notwithstanding any other provision in the Retirement Plan, in no case will a survivor benefit payable to a beneficiary who is not the Surviving Spouse of Spouse of the Participant be an amount or a percent which would violate Code Section 401(a)(9) or the Treasury Regulations promulgated under Code Section 401(a)(9).

The requirements of this Section and Article V, Distribution Limitation and Time and Manner Distributions if Participant Dies Before ASD, will apply to any distribution of a Participant’s interest and will take precedence over any inconsistent provisions of this Plan.

4.09 Maximum Benefit Limitation

a. Maximum Annual Pension Allowance Subject to Code Section 415 Notwithstanding any provision of the Plan to the contrary, the Maximum Permissible Benefit payable to a Participant under the Plan shall be subject to the limitations set forth in Code Section 415 and any regulations or rulings issued there under (“Code Section 415 Limitations”).

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b. Maximum Benefit Limitation – Code Section 415 Limitations for Plan Years beginning after July 1, 2007, (except as otherwise provided) –

1. Each Participant’s Annual Benefit will not exceed the Maximum Permissible Benefit. If the Pension Allowance a Participant would accrue in a Plan Year would produce an Annual Benefit in excess of the Maximum Permissible Benefit, the Pension Allowance will be limited, or the rate of accrual reduced, in accordance with the Code Section 415 Limitations, to a Pension Allowance that does not exceed the Maximum Permissible Benefit.

2. If the Participant is, or has ever been, a Participant in another qualified defined benefit plan, without regard to whether the plan has been terminated, maintained by the Employer or a predecessor employer, the sum of the Participant’s Annual Benefits from all plans may not exceed the Maximum Permissible Benefit.

3. The application of the Code Section 415 Limitations will not cause the Maximum Permissible Benefit for any Participant to be less than a Participant’s Accrued Benefit under the defined benefit plans of the Employer or a predecessor employer as of the end of the last Plan Year beginning before July 1, 2007, under provisions of the plans that were both adopted and in effect before April 5, 2007. The preceding sentence applies only if the provisions of such defined benefit plans that were both adopted and in effect before April 5, 2007, satisfied the applicable requirements of statutory provisions, regulations, and other published guidance relating to Code Section 415 in effect as of the end of the last Limitation Year beginning before July 1, 2007, as described in §1.415(a)-1(g)(4) of the income Tax Regulations.

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4. Effective January 1, 2009, a Participant’s “compensation” used in the calculation of his or her Pension Allowance, whether it is his or her Annual Compensation, Final Average Pay, Final Average Salary, or any other definition in which compensation is used to calculate his or her Pension Allowance, shall comply with Code Section 415(c)(3) and Treasury Regulation Section 1.415(c)-2(d)(4), as modified by the non-elective provisions of Treas. Reg. section 1.415(c)-2(e) and (g). Compensation shall include (1) regular compensation for services that, absent a termination from employment, would have been paid to the Participant if the Participant continued in employment as an Eligible Employee, in accordance with Treasury Regulation section 1.415(c)-2(e)(3)(ii), provided that such Compensation is paid by the later of 2  ¹⁄₂ months after termination from employment or the end of the limitation year in which the termination from employment occurred, and (2) payments of back pay within the meaning of Treasury Regulation section 1.415(c)-2(g)(8).

5. Definitions Applicable to Code Section 415 Limitations:

i. Annual Benefit means

(1) a Pension Allowance, payable annually, in the form of a straight life annuity. Except as provided below, a Pension Allowance that is payable in a form other than a straight life annuity will be adjusted to an actuarially equivalent straight life annuity that begins at the same time as the other form of Pension Allowance and is payable on the first day of each month, before applying the Code Section 415 Limitations. For a Participant who has or will have distributions commencing at more than one Annuity Starting Date, the Annual Benefit will be determined as of each Annuity Starting Date (sometimes referred to as the “ASD”), and must satisfy the Code Section 415 Limitations as of each ASD date, actuarially adjusting for past and future distributions of Pension Allowances commencing at the other ASDs.

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(2) In determining the Annual Benefit, no actuarial adjustment to the Pension Allowance will be made for: (a) benefits payable to a Surviving Spouse under a qualified joint and survivor annuity to the extent such benefits would not be payable if the Participant’s Pension Allowance were paid in another form; (b) benefits that are not directly related to retirement benefits, such as a qualified disability benefit or preretirement incidental death benefits; or (c) the inclusion in the form of a Pension Allowance of an automatic benefit increase feature, provided the form of benefit is not subject to Code Section 417(e)(3) and would otherwise satisfy the Code Section 415 Limitations. The amount payable under the form of benefit in any Plan Year will not exceed the Code Section 415 Limitations applicable at the ASD, as increased in subsequent years pursuant to Code Section 415(b). An automatic benefit increase feature is included in a form of Pension Allowance if the form of Pension Allowance provides for automatic, periodic increases to the Pension Allowance paid in that form.

(3) The determination of the Annual Benefit shall take into account social security supplements described in Code Section 411(a)(9) and benefits transferred from another defined benefit plan, other than transfers of distributable benefits pursuant $1.411(d)-4, Q&A-3(c), of the Income Tax Regulations, but does not include benefits attributable to employee contributions or rollover contributions.

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(4) The determination of actuarial equivalence of forms of a Pension Allowance other than a straight life annuity in determining whether the Annual Benefit exceeds the Maximum Permissible Benefit will be made in accordance with section (5) or section (6) of the Plan, below.

(5) Optional forms not subject to Code Section 417(e)(3): The straight life annuity that is actuarially equivalent to the Participant’s form of Pension Allowance will be determined under this section if the form of the Participant’s Pension Allowance is either: (1) a nondecreasing annuity, other than a straight life annuity, payable for a period of not less than the life of the Participant or in the case of a qualified pre-retirement survivor annuity, the life of the Surviving Spouse; or (2) an annuity that decreases during the life of Participant merely because of: (a) the death of the survivor annuitant (but only if the reduction is not below 50% of the benefit payable before the death of the survivor annuitant); or (b) the cessation or reduction of social security supplements or qualified disability payments (as defined in Code Section 401 (a)(11)). The actuarially equivalent straight life annuity is equal to the greater of: (1) the annual amount of the straight annuity payable to the Participant commencing at the same Annuity Starting Date as the Participant’s form of Pension Allowance; and (2) the annual amount of the straight life annuity commencing at the same Annuity Starting Date that has the same actuarial present value as the Participant’s form of Pension Allowance, computed using a 5% interest rate assumption and the applicable IRS Mortality Table.

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(6) Optional forms subject to Code Section 417(e)(3): The straight life annuity that is actuarially equivalent to the Participant’s form of Pension Allowance will be determined under this Section if the form of the Participant’s Pension Allowance is other than a benefit form described in section (5) above. In this case, the actuarially equivalent straight life annuity shall be determined as follows. If the ASD of the Participant’s form of Pension Allowance is in a Plan Year beginning after 2005, the actuarially equivalent straight life annuity is equal to the greatest of: (I) the annual amount of the straight life annuity commencing at the same Annuity Starting Date that has the same actuarial present value as the Participant’s form of Pension Allowance, computed using the IRS Interest Rate and the IRS Mortality Table for adjusting benefits in the same form; (II) the annual amount of the straight life annuity commencing at the same Annuity Starting Date that has the same actuarial present value as the Participant’s form of Pension Allowance, computed using a 5.5 percent interest rate assumption and the IRS Mortality Table; and (III) the annual amount of the straight life annuity commencing at the same Annuity Starting Date that has the same actuarial present value as the Participant’s form of Pension Allowance, computed using the IRS Interest Rate and the IRS Mortality Table divided by 1.05.

ii. Defined Benefit Compensation Limitation means 100% of a Participant’s “High Three-Year Average Compensation,” as defined below, payable in the form of a straight life annuity. In the case of a Participant who has had a Severance, the Defined Benefit

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Compensation Limitation applicable to the Participant in any Plan Year beginning after the date of the Severance shall be automatically adjusted by multiplying the limitation applicable to the Participant in the prior Plan Year by the annual adjustment factor under Code Section 415(d) that is published in the Internal Revenue Bulletin. The adjusted compensation limit shall apply to Plan Years ending with or within the calendar year of the date of the adjustment, but a Participant’s benefits shall not reflect the adjusted limit prior to January 1 of that calendar year. In the case of a Participant who is rehired after a Severance, the Defined Benefit Compensation Limitation is the greater of 100% of the Participant’s High Three-Year Average Compensation, as determined prior to the Severance, as adjusted pursuant to the preceding paragraph, if applicable, or 100% of the Participant’s High Three-Year Average Compensation, as determined after the Severance.

iii. Formerly Affiliated Plan of the Employer means a plan that, immediately prior to the cessation of affiliation, was actually maintained by the Employer and immediately after the cessation of affiliation, is not actually maintained by the Employer. Cessation of affiliation means the event that causes an entity to no longer be considered the Employer, such as the sale of a member controlled group of corporations, as defined in § 414(b) of the Internal Revenue Code, as modified by § 415(h) to an unrelated corporation, or that causes a plan to not actually be maintained by the employer, such as transfer of plan sponsorship outside a controlled group.

iv. High Three-Year Average Compensation means the average Compensation for the three consecutive years of service or, if the Participant has less than three consecutive years of service, the

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Participant’s longest consecutive period of service that produces the highest average. In the case of a Participant who is rehired after a Severance, the Participant’s High Three Year Average Compensation shall be calculated excluding all years for which the Participant performs no services for and receives no compensation from the Employer (the break period) and by treating the years immediately preceding and following the break period as consecutive. A Participant’s compensation for a Year of Service shall not include compensation in excess of the limitation under Code Section 401(a)(17) that is in effect for the calendar year in which such year of service begins.

v. Maximum Permissible Benefit means the lesser of the Defined Benefit Dollar Limitation or the Defined Benefit Compensation Limitation, both adjusted where required. Adjustments are made for less than 10 years of participation, for Annuity Starting Dates before age 62, and for Annuity Starting Dates after age 65.

(1) Adjustment of Defined Benefit Dollar Limitation for ASD Before Age 62: If the ASD for the Participant’s Pension Allowance is prior to age 62 and occurs in a Plan Year beginning before July 1, 2007. the Defined Benefit Dollar Limitation for the Participant’s ASD is the annual amount of a Pension Allowance payable in the form of a straight life annuity beginning at the Participant’s ASD that is the actuarial equivalent of the Defined Benefit Dollar Limitation (adjusted for years of participation less than 10) with actuarial equivalence computed using whichever of the following produces the smaller annual amount: (1) the interest rate specified in the plan and the IRS mortality table or (2) a 5-percent interest rate assumption and the IRS mortality table.

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(2) If the ASD for the Participant’s Pension Allowance is prior to age 62 and occurs after July 1, 2007, the Defined Benefit Dollar Limitation for the Participant’s ASD is the lesser of the limitation determined under section 4.09(b)(v)(1), and the Defined Benefit Dollar Limitation (adjusted years of participation less than 10) multiplied by the ratio of the annual amount of the immediately commencing straight life annuity at the Participant’s ASD to the annual amount of the immediately commencing straight life annuity at age 62, both determined without applying the limitations of this article.

(3) Adjustment of Defined Benefit Dollar Limitation for ASD before Age 62: Plan Years Beginning Before July 1, 2007. If the ASD for the Participant’s Pension Allowance is prior to age 62 and occurs before July 1, 2007. the Defined Benefit Dollar Limitation for the Participant’s ASD is the annual amount of a benefit payable in the form of a straight life annuity commencing at the Participant’s ASD that is the actuarial equivalent of the Defined Benefit Dollar Limitation (adjusted for years of participation less than 10) with actuarial equivalence computed using whichever of the following produces the smaller annual amount: (1) the interest rate specified in section of the plan and the IRS mortality table, or (2) a 5% interest rate assumption and the IRS mortality table.

(4) If the ASD for the Participant’s Pension Allowance is prior to age 62 and occurs in after July 1, 2007, the Defined Benefit Dollar Limitation for the Participant’s ASD is the lesser of the

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limitation determined under section 6.9(b)(i)II.A. and the Defined Benefit Dollar Limitation (adjusted for years of participation less than 10) multiplied by the ratio of the annual amount of the immediately commencing straight life annuity at the Participant’s ASD to the annual amount of the immediately commencing straight life annuity at age 62, both determined without applying the limitations of this article.

(5) Adjustment of Defined Benefit Dollar Limitation for Benefit Commencement after Age 65: Plan Years Beginning Before July 1, 2007. If the ASD for the Participant’s Pension Allowance is after age 65 and occurs before July 1, 2007, the Defined Benefit Dollar Limitation for the Participant’s ASD is the annual amount of a benefit payable in the form of a straight life annuity commencing at the Participant’s ASD that is the actuarial equivalent of the Defined Benefit Dollar Limitation (adjusted for years of participation less than 10) with actuarial equivalence computed using whichever of the following produces the smaller annual amount: (1)          (2) a 5% interest rate assumption and the IRS Mortality Table.

(6) If the Annuity Starting Date for the Participant’s benefit is after age 65 and occurs in a Limitation Year after July 1, 2007. The Defined Benefit Dollar Limitation at the Participant’s Annuity Starting Date is the lesser of the Defined Benefit Dollar Limitation (adjusted for years of participation less than 10) multiplied by the ratio of the annual amount of the adjusted immediately commencing straight life annuity at the Participant’s Annuity Starting Date to the annual amount of the adjusted immediately commencing straight life annuity at

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age 65, determined without applying the limitations of this article. For this purpose, the adjusted immediately commencing straight life annuity at the Participant’s Annuity Starting Date is the annual amount of such annuity payable to the Participant, computed disregarding the Participant’s accruals after age 65 but including actuarial adjustments even if those actuarial adjustments are used to offset accruals. The adjusted immediately commencing straight life annuity at age 65 is the annual amount of such annuity that would be payable under the plan to a hypothetical Participant who is age 65 and has the same accrued benefit as the Participant.

(7) Notwithstanding the other requirements, no adjustment is made to the Defined Benefit Dollar Limitation to reflect the probability of a Participant’s death between the Annuity Starting Date and age 62, or between age 65 and the Annuity Starting Date, if benefits are not forfeited upon the death of the Participant prior to the Annuity Starting Date. If benefits are forfeited upon death before the Annuity Starting Date, such an adjustment is made. No forfeiture will be treated as occurring upon the Participant’s death if the Plan does not charge Participants for providing a qualified preretirement survivor annuity, upon the Participant’s death.

4.10 Transfers and Employment With an Affiliate

a. If a Participant becomes (i) employed by an Employer in any capacity other than as an Eligible Employee; (ii) employed by the Company or an Affiliate who is not an Employer; or (iii) a Leased Employee, he or she will retain any Accredited Service he or she has under this Plan but will not accrue additional Accredited Service. Upon his or her later retirement or termination of employment with the

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Company or an Affiliate (or upon benefit commencement in the case of a Leased Employee), any benefits to which the Participant is entitled under the Retirement Plan shall be determined under the Plan provisions in effect on the date he or she ceased to be on the active payroll of an Employer and an Eligible Employee and only on the basis of his or her Accredited Service accrued while he or she was an Eligible Employee.

b. Subject to the Break in Service provisions of Article 3, and except as provided in an Appendix to the Retirement Plan, in the case of a person who was originally employed by or providing services to the Company or an Affiliate as a Leased Employee or in any capacity other than as an Eligible Employee and thereafter becomes a Participant, upon his or her later retirement or termination of employment, the benefits payable under the Retirement Plan shall be computed under the Plan provisions in effect at that time, and only on the basis of the Accredited Service accrued while he or she is an Eligible Employee.

c. If a CECONY Participant’s Accredited Service consists of Accredited Service as a CECONY Management Participant and as a CECONY Weekly Participant prior to January 1, 2001, his or her Pension Allowance shall be calculated as if he or she were credited with Accredited Service under one Prior Retirement Plan. The Pension Allowance of such Participant shall be calculated under the benefit formula applicable to such Participant as of his or her termination of employment with the Company or an Affiliate.

d. Transferred 2001-2008 Participant - This provision is effective January 1, 2009, and applies only to a CECONY Weekly Participant or an O&R Hourly Participant, first hired on and after January 1, 2001, who transfers to the management payroll of CECONY or O&R, respectively, during the period beginning January 1, 2001, and ending December 31, 2008 (“Transferred 2001-2008 Participant”). The intent of this provision is to cover a closed and small group of participants who were first hired after January 1, 2001, as a member of Local 1-2, Local 3, or Local 503, and then transferred to a management position before January 1, 2009.

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The Transferred 2001-2008 Participant will have his or her pension allowance computed using a benefit formula other than the cash balance formula; however, if such Transferred 2001-2008 Participant experiences a break in employment, this special treatment does not apply after the break in employment.

Beginning on the date of transfer, a Transferred 2001-2008 Participant who was a CECONY Weekly Participant will accrue a pension under the final average pay formula applicable to a CECONY Management Participant who was hired after January 1, 1990 and before January 1, 2001. Beginning on the date of transfer, a Transferred 2001-2008 Participant who was an O&R Hourly Participant will accrue a pension under the career average pay formula applicable to an O&R Management Participant who was hired before January 1, 2001. A Transferred 2001-2008 Participant will have his or her terms, conditions, benefits, rights, and features determined based on the terms, conditions, benefits, rights and features as a CECONY Management Participant or an O&R Management Participant, as applicable.

If the Company, Employer, or Plan Administrator makes or is authorized to make a change to, amends, reduces, modifies, or terminates the formula for a CECONY Management Participant who was hired after January 1, 1990 and before January 1, 2001 or an O&R Management Participant who was hired before January 1, 2001 for any reason or no reason, the Transferred 2001-2008 Participant’s pension allowance will be subject to and affected by the same change, amendment, reduction, modification or termination.

A Transferred 2001-2008 Participant, who terminated employment after January 1, 2008, and who had at least three but less than five Years of Service, will be fully vested in his or her Pension Allowance.

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4.11 Minimum Benefits In no event shall the benefit payable to a Participant who was an Eligible Employee on the Effective Date of this amendment and restatement of the Plan be less than the amount, if any, payable under the minimum benefit provisions in effect immediately prior thereto. In accordance with Code Section 411(a)(9), a Participant’s normal retirement Pension Allowance will be the greater of an early retirement Pension Allowance or the Pension Allowance commencing at Normal Retirement Age.

4.12 Additional Provisions For additional provisions applicable to certain Participants, see the following Appendices:

a. Appendix C- For provisions applicable to O&R Participants transferred to or hired by CECONY or a CEI Affiliate.

b. Appendix D- For provisions applicable to Participants employed at facilities purchased from Western Massachusetts Electric Company.

c. Appendix G- For provisions applicable to a special adjustment in the Pension Allowance of certain Participants.

d. Appendix H- For provisions applicable to certain CECONY Participants at fossil-fueled divested operations.

e. Appendix I- For provisions applicable to O&R Participants under O&R’s Pension Protection Program.

f. Appendix J- For provisions applicable to certain CECONY Participants and CEI Participants at divested nuclear operations.

g. Appendix K- For provisions applicable to CECONY Support Employees Re: Voluntary Retirement Incentive – Support Organizations.

h. Appendix L For provisions showing illustrative calculations of the pension benefit adjustment for O&R Participants.

i. Appendix M For provisions applicable to certain Participants employed at the Lakewood facilities.

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Article V

Automatic Form of Payment

5.01 Automatic Form of Payment

a. CEI Participants

(1) Unmarried Participant If a CEI Participant is not married on his or her Annuity Starting Date, his or her Pension Allowance will be payable in monthly installments ending with the monthly payment for the month in which the CEI Participant dies. An unmarried CEI Participant may also elect an optional form of benefit. The CEI Participant’s Cash Balance Accumulated Benefit will be converted into a single life annuity based on the IRS Interest Rate and IRS Mortality Table in effect as of the Annuity Starting Date.

(2) Married Participant If a CEI Participant is married on his or her Annuity Starting Date, and if he or she has not elected an optional form of benefit, the Pension Allowance will be the Actuarial Equivalent of a single life annuity based on the IRS Interest Rate and IRS Mortality Table. His or her Pension Allowance will be converted and the qualified joint and 50% survivor annuity will be payable as a qualified joint and 50% survivor annuity, providing for a Pension Allowance payable during the life of the Participant and, after his or her death, one-half of that Pension Allowance payable during the life of, and to, his or her Surviving Spouse.

(3) Small Benefit In the event the Cash Balance Account immediately payable to a CEI Participant or his or her Surviving Spouse or Beneficiary has a value of $5,000 or less, or beginning for distributions after March 28, 2005, $1,000, such value shall be paid in a Cash Balance Single Lump Sum to the CEI Participant, Surviving Spouse or Beneficiary in lieu of any other benefit under the Retirement Plan.

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b. CECONY Participants

(1) Unmarried Participant If a CECONY Participant is not married on his or her Annuity Starting Date, his or her Pension Allowance will be payable in monthly installments ending with the last monthly payment for the month in which the CECONY Participant dies. An unmarried CECONY Participant may elect an optional form of benefit.

(2) Married Participant If a CECONY Participant is married on his or her Annuity Starting Date, and if he or she has not elected an optional form of benefit, the Pension Allowance payable shall be in the form of a qualified joint and survivor annuity, providing for a Pension Allowance during the life of the Participant and after his or her death, one half of that Pension Allowance payable during the life of, and to, the Participant’s Surviving Spouse. A CECONY Weekly Participant –1, who is married on his or her Annuity Starting Date and has not elected an optional form of benefit, will receive a reduced Pension Allowance during his or her life. If the CECONY Weekly Participant-1 dies before his or her Spouse, his or her Surviving Spouse will receive for life, one half of that reduced Pension Allowance.

(3) Small Pension Allowance In the event that a Pension Allowance has a present value of, $1,000, or less, the present value shall be paid in a single lump sum to the CECONY Participant or Surviving Spouse, in lieu of the Pension Allowance or annuity otherwise payable. The calculation of the present value of a Pension Allowance, for the purpose of the foregoing sentence, shall be made on the basis of the Consolidated RPA ’94 Lump Sum Conversion Factor for the Participant’s age, as in effect for the month in which payment is to be made. The resulting amount shall not be less than the present value of the annual Pension Allowance determined in accordance with the applicable benefit formula set forth in Appendix F, Section F.1 or F.2 taking into account only the Participant’s employment and Annual Compensation prior to January 1, 1997, calculated on the basis of the lump sum factors set forth in Table B of Appendix A and the Participant’s age as of the date of determination.

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(4) CECONY Management Participant Tier 1 Effective January 1, 2013, a CECONY Management Participant Tier 1, who is married on his or her Annuity Starting Date and has not elected an optional form of benefit, will receive a reduced Pension Allowance during his or her life. If a CECONY Management Participant Tier 1 dies before his or her Spouse, his or her Surviving Spouse will receive for life, one half of that reduced Pension Allowance. The reduced Pension Allowance will equal the sum of (1) the Pension Allowance of the CECONY Management Participant Tier 1 calculated as of December 31, 2012 (“Pre 2013 Accrued Benefit”) and (2) the Pension Allowance of the CECONY Management Participant Tier 1 calculated beginning January 1, 2013 until his or her termination of employment, retirement, date of death or Annuity Starting Date, whichever is applicable (“Post 2012 Accrued Benefit”). The Post 2012 Accrued Benefit, when converted from a single life annuity to the qualified joint and 50% survivor annuity, will be actuarial equivalent of the single life annuity. The Pre 2013 Accrued Benefit will not be reduced when converted into the qualified joint and 50% survivor annuity.

(5) Effective July 1, 2014, a CECONY Weekly Participant who (i) is a member of Local 3, (ii) was hired before June 26, 2005, and (iii) is covered under the Final Average Pay Formula or the Total Pay Formula, will have as his or her normal form of benefit that part of his or her pension benefit allowance that accrues after June 30, 2014 (“Post-June 2014 Pension Accruals”) calculated as follows. Effective July 1, 2014, for the part of the pension benefit allowance that is attributable to the Post-June 2014 Pension Accruals, the normal form of pension benefit allowance for such a Local 3 married CECONY Weekly Participant will be a qualified joint and 50% survivor annuity that is the actuarial equivalent of the single life annuity. If such CECONY Weekly Participant elects an optional form of

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payment, the part of his or her pension benefit allowance attributable to the Post-June 2014 Pension Accruals will also be the actuarial equivalent, as set forth in the applicable Table in Appendix A, of the single life annuity.

c. O&R Participants

(1) Unmarried Participant If an O&R Participant is not married on his or her Annuity Starting Date, his or her Pension Allowance shall be payable in monthly installments ending with the monthly payment for the month in which the O&R Participant dies. An unmarried O&R Participant may elect an optional form of benefit.

(2) Married Participant If an O&R Participant is married on his or her Annuity Starting Date, and if he or she has not elected an optional form of benefit as provided in Section 5.02, his or her Pension Allowance shall be the Actuarial Equivalent of a single life annuity payable in the form of a qualified joint and survivor annuity. The qualified joint and survivor annuity is a Pension Allowance payable to the O&R Participant during his or her life, and after his or her death, one-half of that Pension Allowance payable during the life of, and to, his or her Surviving Spouse.

(3) Small Pension Allowance If a pension Allowance has a present value of $1,000 or less, such present value shall be paid in a single lump sum to the O&R Participant or Surviving Spouse, in lieu of the Pension Allowance or annuity otherwise payable. The calculation of the present value of a Pension Allowance, for the purpose of the foregoing sentence, will be the IRS Mortality Table and the IRS Interest Rate . Effective January 1, 2009, the calculation of the present value of a Pension Allowance, for the purpose of this paragraph, will be based on the IRS Mortality Table in effect on the date of distribution and the interest rate will be the lesser of five percent or the IRS Interest Rate.

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d. Small Pension Allowance Special Rules for All Participants

The determination as to whether a lump sum payment is less than $1,000 shall be made as soon as practicable following a Participant’s termination of employment or death. To the extent permitted by law, if the present value of a Pension Allowance exceeds $1,000, upon an initial determination as to its present value, the present value of the Pension Allowance shall be re-determined annually as of the first day of each subsequent Plan Year. Any lump sum benefit payable shall be made as soon as practicable following the determination that the amount qualifies for distribution under the provisions of this paragraph. In the event a Participant is not entitled to any Pension Allowance upon his or her termination of employment, he or she shall be deemed cashed-out as of the date he or she terminated service. If a non-vested Participant who is deemed cashed-out is subsequently re-employed under circumstances where the Participant’s prior service is restored, he or she shall be deemed to have repaid such amount together with interest.

5.02 Optional Forms of Payment

a. CEI Participant A CEI Participant may, subject to the provisions of Section 5.03, elect to receive his or her benefit in the form of a Cash Balance Single Sum Payment in lieu of any other benefit under the Retirement Plan.

b. CECONY Participant and CEI Participant

1. Optional Forms Unless specifically stated otherwise, an unmarried CECONY Participant and an unmarried CEI Participant may, subject to the provisions of Section 5.03, elect to convert the Pension Allowance otherwise payable to him or her in the normal form of a single life annuity into an Actuarially Equivalent Benefit. A married CECONY Participant and a married CEI Participant may elect to convert his or her Pension Allowance payable in the normal form as a qualified joint and 50% surviving spouse annuity, into an optional benefit. The applicable factors for converting the single life annuity or the qualified joint and 50% surviving spouse annuity into an optional form are set forth in Appendix A.

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A married CECONY Management Participant –Tier 1 may elect to convert his or her Pension Allowance payable in the normal form as a qualified joint and 50% surviving spouse annuity, into an optional benefit. The applicable factors for converting the Post 2013 Accrued Benefit, as well as the Pre 2013 Accrued Benefit into an optional form are set forth in Appendix A.

2. Twelve Year Certain and Life Annuity Option This form provides a modified Pension Allowance payable during the CECONY or CEI Participant’s life, reduced by the appropriate factor in Appendix A, for such married or unmarried CECONY or CEI Participant. If an unmarried CECONY or CEI Participant dies within the first 144 months after his or her Annuity Starting Date, the balance of those 144 monthly payments will be paid to one or more primary Beneficiaries named by him or her when he or she elected the option. If the Participant failed to designate a Beneficiary, the remainder is payable to the Participant’s estate. If the Participant named a primary but not contingent Beneficiary and the primary Beneficiary predeceases the Participant, then the remaining payments will be payable to the Participant’s estate. If the designated primary Beneficiary does not survive the full 144 months following the Participant’s Annuity Starting Date and the Participant does not or did not name a contingent Beneficiary, then the remaining payments will be payable to the designated primary Beneficiary’s estate. In the case of a married CECONY or CEI Participant, the remaining payments will go to the Surviving Spouse, or if the Surviving Spouse does not survive the full 144 months following the Participant’s Annuity Starting Date, to one or more Beneficiaries named by such Participant. So long as the primary or, if applicable, contingent, Beneficiary survivors the Participant, the Beneficiary’s estate will receive any of the 144 guaranteed payments

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which remain to be paid following the death of the Beneficiary. The Retirement Plan may, in its discretion, upon the request of the legal representative of the estate, pay to the estate the present value of all remaining payments, discounted by the rate utilized to calculate the appropriate factors set forth in the applicable Appendix A as in effect on the date of the Participant’s death. If the Surviving Spouse is the Beneficiary, the Surviving Spouse will receive a Surviving Spouse annuity equal to 50% of the amount of the reduced twelve year certain annuity, commencing on the later of the expiration of the 144-month period or the Participant’s death.

3. Twelve Year Certain and Life Annuity — CECONY Weekly Participant-1 and CECONY Management Participant Tier 1: A married CECONY Weekly Participant –1 may elect this 12 –Year Certain and Life Annuity Option and designate someone other than his or her spouse as the Beneficiary. If the CECONY Weekly Participant –1 dies within 144 months after his or her Annuity Starting Date, the balance of the 144 monthly payments will be paid to his or her Beneficiaries, as provided above. In order for a married CECONY Weekly Participant –1 to elect this option, his or her spouse must both consent to the waiver of his or her Surviving Spouse annuity and, if applicable, to the designation of another Beneficiary.

Effective January 1, 2013, a married CECONY Management Participant Tier 1 may elect this 12-Year Certain and Life Annuity Option and designate someone other than his or her spouse as the Beneficiary. If the CECONY Management Participant Tier 1 dies within 144 months after his or her Annuity Starting Date, the balance of the 144 monthly payments will be paid to his or her Beneficiaries, as provided above. In order for a married CECONY Management Participant Tier 1 to elect this

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option, his or her spouse must consent to both the waiver of his or her Surviving Spouse annuity and, if applicable, to the designation of another Beneficiary. If a CECONY Management Participant Tier 1 elects this option, his or her Pre 2013 Benefit includes a protected subsidized 50% joint and surviving spouse annuity.

4. Joint and 100% Surviving Spouse Annuity A reduced Pension Allowance payable during the Participant’s life, and after his or her death, the same reduced amount payable during the life of, and to, his or her Surviving Spouse. At the election of the Participant, the option may include a pop-up feature, as described below:

i. If the Participant does not elect the pop-up feature, then the amount payable for the life of the Participant shall be equal to the reduced Pension Allowance otherwise payable to the Participant, as such is reduced by the appropriate factor in Appendix A. The Surviving Spouse shall receive for his or her life an annuity equal to the reduced amount payable to the Participant (before giving effect to any option elected under Section 5.02(b)(3) below).

ii. If the Participant elects the pop-up feature, then the amount payable to the Participant during the period that both the Participant and his or her spouse are alive shall be the reduced Pension Allowance otherwise payable to the Participant, as such is reduced by the appropriate factor in Appendix A. The amount payable to the Participant during any period subsequent to the death of his or her spouse shall be equal to the Pension Allowance otherwise payable to the Participant in the absence of an election under this paragraph.

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5. Joint and 75% Surviving Spouse Annuity Effective January 1, 2008, a Participant may elect a Joint and 75% Surviving Spouse Annuity. This optional form of Pension Allowance is a reduced Pension Allowance payable during the Participant’s life. After his or her death, 75% of his or her reduced Pension Allowance is payable during the life of, and to, his or her Surviving Spouse. At the election of the Participant, the option may include a pop-up feature, as described below:

i. If the Participant does not elect the pop-up feature, then the amount payable for the life of the Participant shall be equal to the reduced Pension Allowance otherwise payable to the Participant, as such is reduced by the appropriate factor in Appendix A. The Surviving Spouse shall receive for his or her life an annuity equal to the 75% of the reduced amount payable to the Participant (before giving effect to any option elected under Section 5.02(b)(3) below).

ii. If the Participant elects the pop-up feature, then the amount payable to the Participant during the period that both the Participant and his or her spouse are alive shall be the reduced Pension Allowance otherwise payable to the Participant, as such is reduced by the appropriate factor in Appendix A. The amount payable to the Participant during any period subsequent to the death of his or her spouse shall be equal to the Pension Allowance otherwise payable to the Participant in the absence of an election under this paragraph.

6. Level Income Option

i. Subsections (1) through (5) apply to a Level income option distribution that begins before January 1, 2005.

(1) A Participant who’s Annuity Starting Date precedes his or her Social Security Retirement Age may elect to receive his or her

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Pension Allowance under the Level Income Option. He or she may further elect as a leveling month, for purposes of (ii) below, either the month following the month in which he or she reaches age 62 or the earliest month for which he or she is eligible to receive unreduced Social Security benefits (“Leveling Month”). The election of this option may be made in addition to an election for a Twelve Year Certain and Life Option or a Joint and 100% Surviving Spouse Annuity, as referred to above.

(2) If a Participant elects this option, the amount payable to him or her during the period commencing with his or her Annuity Starting Date and ending with the month prior to the Leveling Month shall be increased from the otherwise payable Pension Allowance. The amount payable during the period commencing with the Leveling Month and ending in the month of the Participant’s death shall be decreased from the Pension Allowance otherwise payable to the Participant, in both cases, based on factors specified in Appendix A. The present value of the benefit payable under this option shall be equal to the present value of the Pension Allowance otherwise payable to the Participant, determined on the actuarial bases specified in Appendix A.

(3) The amounts payable under this option shall be determined on the basis of an estimate of the Social Security benefit that the Participant would be eligible to commence to receive in the Leveling Month. The amount payable for the month next preceding the Leveling Month shall be approximately equal to the sum of the amount payable for the Leveling Month plus

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the estimated Social Security benefit commencing in the Leveling Month, without taking into account any prospective cost of living adjustment pursuant to Section 11.02 of the Retirement Plan.

(4) The amount payable to the Participant under this option shall not be adjusted after the Participant’s Annuity Starting Date, and prior to the Leveling Month, regardless of any difference between the estimate taken into account in the determination thereof and the Social Security benefits actually paid or payable to the Participant, and regardless of whether the Participant elects to commence receipt of Social Security benefits in any month other than the Leveling Month. Commencing in the Leveling Month, the amount payable to a Participant shall be reduced by an amount equal to the product of (I) the estimated Social Security benefit taken into account for purposes of subparagraph (iii) and (II) a fraction, the numerator of which shall be the amount payable to the Participant in the month next preceding the Leveling Month, taking into account any cost of living adjustments pursuant to Section 11.02, and the denominator of which shall be the amount determined to be payable as of the Participant’s Annuity Starting Date, in accordance with subparagraph (ii) above.

(5) If a Participant who elects to receive his or her Pension Allowance under this Leveling Income option, has also made an election to receive either a Twelve Year Certain and Life Option, a Joint and 100% Survivor Spouse Annuity Option, or a Joint and 75% Survivor Spouse Annuity Option, then the

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amount of Pension Allowance taken into account in the determination under subparagraph (iii) above shall be the amount payable to the Participant after giving effect to his or her otherwise Pension Allowance amount. In such event, the Participant’s election to receive his or her Pension Allowance under this option shall have no effect on the amount payable to his or her Surviving Spouse or Beneficiary under any other election he or she has made. In the event that the amount payable to a Participant who has elected to receive his or her Pension Allowance under this option and also made an election to receive a Joint and 100% Surviving Spouse Annuity or a Joint and 75% Surviving Spouse Annuity with a Pop-Up Feature is increased on account of the death of his or her spouse, the amount of such increase shall be disregarded for purposes of subparagraph (iv).

ii. Subsection (1) and (2) apply to a level income option distribution that begins on and after January 1, 2005.

(1) Effective for distributions commencing on and after January 1, 2005, the total amount of a Pension Allowance payable as a Level Income Option will be determined on the basis of the IRS Mortality Table and the Adjusted IRS Interest Rate, as in effect for the Participant’s “reference Annuity Starting Date” and, if applicable, in accordance with subsection (ii) below. If the Participant is a CECONY Local 3-1 Employee who elects the Level Income Option, his or her Pension Allowance will be determined based on the IRS Mortality Table and the IRS Interest Rate as in effect on the Participant’s “reference Annuity Starting Date.” Solely for purposes of this subsection,

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a Participant’s “reference Annuity Starting Date” shall be January 1 of the calendar year in which his actual Annuity Starting Date occurs.

(2) If a Participant has a Pension Allowance that takes into account Accredited Service before January 1, 2005, the amount of his or her Pension Allowance payable as a Level Income Option will be the greater of (A) the amount of his or her accrued Pension Allowance as of December 31, 2004, and calculated in accordance solely with subsection 5.02(b)(5)(aa), supra, or (B) the amount of his or her total Pension Allowance determined solely in accordance with this subsection 5.02(b)(5)(bb)(i).

If a Participant dies after Pension Allowance payments have commenced, any payments continuing on to his or her Surviving Spouse or Beneficiary shall be distributed at least as rapidly as under the method of distribution being used as of the Participant’s date of death.

7. Cash Out Option

i. A CECONY Participant who is not a Rule of 75 Participant may elect to receive the Pension Allowance otherwise payable to him or her in the form of a Cash Out. The election to receive a Cash Out may be made at any time subsequent to the CECONY Participant’s termination of employment, so long as the Participant has made no other election, and prior to the date on which the CECONY Participant becomes a Rule of 75 Participant and will be subject to the provisions of Section 5.03. A CECONY Participant will not be eligible to receive a Cash Out after he or she has become a Rule of 75 Participant, regardless of whether he or she was a Rule of 75 Participant at the time of his or her termination of employment from the Company or an Affiliate.

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ii. The Cash Out is a lump sum payment representing the present value of the deferred vested Pension Allowance payable to the Participant, in the form of a single life annuity, at Normal Retirement Date. Effective January 1, 1997, the amount of a Cash Out will be the greater of (A) the product of the deferred vested Pension Allowance amount determined in accordance with Section 4.05(a) and the Consolidated RPA ’94 Lump Sum Conversion Factor, as in effect for the Participant’s Annuity Starting Date, for the Participant’s age in such month, or (B) the product of the deferred vested Pension Allowance amount determined in accordance with Section 4.05(a), taking into account only the Participant’s employment and Annual Basic Straight-Time Compensation prior to January 1, 1997, and the factor in Appendix A, Section A-1, Table B for the Participant’s age as of his or her Annuity Starting Date. For the purpose of the foregoing sentence, a Participant’s age in any month shall be his or her age on the birthday nearer in time to the first of such month.

iii. In lieu of the Cash Out, a CECONY Participant who is eligible to elect to receive a Cash Out may receive an immediate annuity, commencing in the month in which the Cash Out would otherwise have been payable, in accordance with the provisions of Section 5.03. The amount of such immediate annuity shall be the amount determined by dividing the Cash Out, computed in accordance with paragraph (i)(A) above, by an annuity conversion factor determined on the basis of the IRS Mortality

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Table, the Adjusted IRS Interest Rate, and the Participant’s age as of the month of determination. If the Participant is a CECONY Local 3-1 Employee, the amount of the immediate annuity is determined by dividing the Cash Out by an annuity conversion factor determined on the basis of the IRS Mortality Table, the IRS Interest Rate and the Participant’s age as of the month of determination.

8. Single Life Annuity Option

i. This optional form of payment is also available to a married CECONY Weekly Participant –1. A married CECONY Weekly Participant –1 may elect a single life annuity payable for his or her life. If he or she selects this option, his or her spouse must consent to this form of distribution in accordance with the appropriate election and waiver requirements set forth in Section 5.03.

ii. Effective January 1, 2013, a married CECONY Management Participant Tier 1 may elect a single life annuity payable for his or her life. If he or she selects this option, his or her spouse must consent to this form of distribution in accordance with the appropriate election and waiver requirements set forth in Section 5.03. If he or she selects this option, his or her Pre 2013 Benefit includes a protected subsidized 50% joint and surviving spouse annuity.

c. O&R Participant

An O&R Participant may, subject to Section 5.03, elect to convert his or her Pension Allowance otherwise payable into an Actuarial Equivalent optional form of benefit, in accordance with one of the options described below. If a person other than the spouse of the O&R Participant is named as the contingent

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annuitant under an option, the value of the Pension Allowance payable to the O&R Participant under the option will in no event be less than fifty-one percent of the total value of the benefits payable to the O&R Participant and contingent annuitant.

1. Joint and 100% Survivor Annuity A modified Pension Allowance payable during the O&R Participant’s life, with the provision that, on his or her death, the modified Pension Allowance shall be paid during the life of, and to, the surviving contingent annuitant who was nominated by the Participant by written designation duly filed with, and receipt acknowledged by, the Plan Administrator when the O&R Participant elected the option.

2. Joint and 50% Survivor Annuity A modified Pension Allowance payable during the O&R Participant’s life, with the provision that, after his or her death, a Pension Allowance at one half the rate of his or her modified Pension Allowance shall be paid during the life of, and to, the surviving contingent annuitant who was nominated by him or her by written designation duly filed with, and receipt acknowledged by, the Plan Administrator when he or she elected the option. This is the normal form of payment of the Normal Retirement Allowance for an O&R Participant who is married on his or her Annuity Starting Date, with the Participant’s spouse as contingent annuitant, as provided in Section 5.01(c).

3. Joint and 100% Survivor Annuity with Pop-Up Feature A modified Pension Allowance payable during the O&R Participant’s life, with the provision that, on his or her death, it shall be paid during the life of, and to, the contingent annuitant nominated by him or her by written designation duly filed with, and receipt acknowledged by, the Plan Administrator when he or she elected the option, if the contingent annuitant is surviving at the time of the O&R Participant’s death. If the

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designated contingent annuitant predeceases the O&R Participant, the Pension Allowance payable to the O&R Participant for months following the death of the contingent annuitant will increase to the Pension Allowance payable for the O&R Participant’s life with no further benefits payable following the O&R Participant’s death.

4. Joint and 50% Survivor Annuity With Pop-Up Feature A modified Pension Allowance payable during the O&R Participant’s life, with the provision that after his or her death a Pension Allowance at one-half the rate of his or her modified Pension Allowance will be paid during the life of, and to, the contingent annuitant nominated by him or her by written designation duly filed with, and receipt acknowledged by, the Plan Administrator when he or she elected the option, if the contingent annuitant is surviving at the time of the O&R Participant’s death. If the designated contingent annuitant predeceases the O&R Participant, the Pension Allowance payable to the O&R Participant for months following the death of the contingent annuitant will increase to the Pension Allowance payable for the O&R Participant’s life with no further benefits payable following the O&R Participant’s death.

5. Joint and 75% Survivor Annuity A modified (reduced) Pension Allowance payable during the O&R Participant’s life, with the provision that, on his or her death, 75% of the modified Pension Allowance shall be paid during the life of, and to, the surviving contingent annuitant who was nominated by the Participant by written designation duly filed with, and receipt acknowledged by, the Plan Administrator when the O&R Participant elected the option.

6. Joint and 75% Survivor Annuity With Pop-Up Feature A modified (reduced) Pension Allowance payable during the O&R Participant’s life, with the provision that after his or her death a Pension Allowance at 75%

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the rate of his or her modified Pension Allowance will be paid during the life of, and to, the contingent annuitant nominated by him or her by written designation duly filed with, and receipt acknowledged by, the Plan Administrator when he or she elected the option, if the contingent annuitant is surviving at the time of the O&R Participant’s death. If the designated contingent annuitant predeceases the O&R Participant, the Pension Allowance payable to the O&R Participant for months following the death of the contingent annuitant will increase to the Pension Allowance payable for the O&R Participant’s life with no further benefits payable following the O&R Participant’s death.

7. Option Forms Use of Actuarial Tables The optional forms of benefit amounts set forth for an O&R Participant will be calculated in accordance with the actuarial tables in Appendix A, Section A-2, Tables A through F.

5.03 Election of Options

a. No Consent for Certain Options A married Participant’s election of any option is effective only if Spousal Consent to the election is received by the Plan Administrator. However, Spousal Consent is not required if:

1. the option provides for monthly payments to his or her spouse for life after the Participant’s death, in an amount equal to at least 50% but not more than 100% of the monthly amount payable under the option to the Participant, and

2. the option is no greater than the Actuarial Equivalent of the qualified joint and survivor annuity.

b. Written Explanation or Consent Each Employer shall furnish to each Participant a written explanation in non-technical language of the terms and conditions of the Pension Allowance payable to the Participant in the applicable normal and optional forms of Pension Allowance to the Participant. Such explanation shall include a general description of the eligibility conditions for, and

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the material features and amounts payable under, the optional forms of Pension Allowance under the Plan, any rights the Participant may have to defer commencement of his or her Pension Allowance, the requirement for Spousal Consent, if applicable, as provided in paragraph (a) above, and the right of the Participant to make, and to revoke, elections. For explanations given in Plan Years beginning January 1, 2007, the notice will include a description of how much larger benefits will be if the commencement of distribution of a Participant’s Pension Allowance is deferred until normal retirement date.

c. CECONY Weekly Participant – 1 Special Rules In addition to the explanation provided above, an Employer will furnish to each CECONY Weekly Participant –1 a written explanation in non-technical language of the terms and conditions of the actuarial equivalent forms of Pension Allowances. In particular, the Employer will give each CECONY Weekly Participant –1 a written notice explaining (i) the spouse’s death benefit provisions, (ii) the financial effect thereof and the Participant’s right to elect to waive such coverage, (iii) the necessity of the spouse’s consent and acknowledgment in order to validate the Participant’s election, and (iv) the right of the CECONY Weekly Participant –1 to make, and the effect of, a revocation of the waiver of the spouse’s death benefit.

A CECONY Weekly Participant –1 may elect to waive coverage of the spouse’s death benefit and avoid the adjustments made for coverage for the spouse’s death benefit protection. The election to waive coverage must be made by delivery of a properly completed written notice of such election to the Plan Administrator. Such election must be in the form prescribed by or acceptable to the Plan Administrator, and will be effective only upon filing with and acknowledgment of receipt by the Plan Administrator. Spousal consent is not necessary if it is established to the satisfaction of the Plan Administrator that such consent cannot be obtained because there is no spouse; the spouse cannot be located; or there exist other reasons as may be prescribed in regulations of the

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Secretary of the Treasury. An election to waive the spouse’s death benefit coverage, in order to be valid, must have the signed written consent of the Participant’s spouse and must specifically acknowledge the effect of the waiver election as well as the specific designation of someone other than his or her spouse as Beneficiary. The spouse’s signature to such consent and acknowledgment must be witnessed by the Plan Administrator or a Plan Administrator’s delegate, or must be notarized by a notary public. Any consent by a spouse (or establishment that the spouse’s consent cannot be obtained) shall be effective only with respect to such spouse, to such optional form, and to such designated alternate beneficiary.

Any such waiver election may be revoked by written notice of the CECONY Weekly Participant –1 delivered to the Plan Administrator prior to his or her Annuity Starting Date. In all cases, the elections to waive coverage and the revocations of such elections shall be prospective only, effective upon filing with and acknowledgement of receipt by the Plan Administrator.

d. Timing for Giving Notice Each Employer shall provide the written explanation required by this Section 5.03 no more than 90 days and no less than 30 days prior to the Participant’s Annuity Starting Date. A Participant’s Annuity Starting Date may not occur less than 30 days after receipt of the notice. An election for an optional form shall be made on a form provided by the Plan Administrator and must be made during the 90-day period ending on the Participant’s Annuity Starting Date, but not prior to the date the Participant receives such written explanation.

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e. Cash Out Special Timing Notwithstanding the timing requirements for notices and elections regarding Surviving Spouse’s death benefits or joint and survivor annuities, a CECONY Participant, other than a Rule of 75 CECONY Participant, may, after having received the written explanation, affirmatively elect to have his or her benefit commence, or to receive his or her benefit in the form of a Cash Out, as applicable, sooner than 30 days following his or her receipt of the written explanation provided all of the following requirements are met:

1. the Plan Administrator clearly informs the Participant that he or she has a period of at least 30 days after receiving the explanation to decide when to have his or her benefits begin and, if applicable, to choose a particular optional form of payment;

1. the Participant affirmatively elects a date for his or her benefits to begin and, if applicable, an optional form of payment, after receiving the explanation;

2. the Participant is permitted to revoke his or her election until the later of his or her Annuity Starting Date or seven days following the day he or she received the explanation;

3. payment does not commence less than seven days following the day after the explanation is received by the Participant; and

4. the Participant’s Annuity Starting Date is after the date the explanation is provided.

f. Revocation An election of an option may be revoked on a form provided by the Plan Administrator, and subsequent elections and revocations may be made at any time and from time to time during the election periods. An election of an optional form of benefit shall be effective on the Participant’s Annuity Starting Date and may not be modified or revoked after his or her Annuity Starting Date unless he or she is a CECONY Weekly Participant-1 and is revoking his or her waiver of the Spousal benefits as explained above. A revocation of any election shall be effective when the completed form is filed with the Plan Administrator. If a Participant who within the applicable time period, has elected, an optional form of benefit dies before the date the election of the option becomes effective, the election shall be given effect. If the Beneficiary designated under an option dies before the date the election of the option becomes effective, the election shall be revoked.

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5.04 Commencement of Payments

a. Except as otherwise provided in Article 4 or this Article 5, payment of a Participant’s Pension Allowance will begin as soon as administratively practicable following the latest of (i) the Participant’s 65th birthday, (ii) the fifth anniversary of the date on which he or she became a Participant, or (iii) the date he or she has a severance, (but not more than 60 days after the close of the Plan Year in which the latest of (i), (ii) or (iii) occurs).

b. In all cases, payment of any Participant’s Pension Allowance will begin no later than April 1 of the year following the later of the year in which he or she attains age 70 ¹⁄₂ or terminates employment. In the case of a Participant who is a 5% owner, his or her “Required Beginning Date” means the April 1st of the calendar year following the calendar year in which he or she attains age 70  ¹⁄₂. For purposes of Code Section 401(a)(9), a 5% owner is defined in Code Section 416 with respect to the Plan Year in which the Employee attains age 70  ¹⁄₂.

5.05 Distribution Limitation

a. All distributions from this Retirement Plan will conform to the regulations issued under Code Section 401(a)(9), including the incidental death benefit provisions of Code Section 401(a)(9)(G). Further, such regulations shall override any plan provision that is inconsistent with Code Section 401(a)(9). Any and all distributions from the Retirement Plan will be consistent and in compliance with Treasury Regulations issued and published in April 2002 and June 2004. If Treasury Regulations are published in the future under Code Section 401(a)(9), the Retirement Plan will ensure that all distributions conform to subsequent changes or modifications. The life expectancies of Participants and their spouses shall not be recalculated.

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b. In order to satisfy Code section 401(a)(9), distributions of the Participant’s entire interest, if not in a single sum, must be paid in the form of periodic annuity payments for the Participant’s life (or the joint lives of the Participant and Beneficiary) or over a period certain that does not exceed the maximum length of the period certain determined in accordance with Section 1.401(a)(9)-6, A-3 of the Treasury Regulations. The interval between payments for the annuity must be uniform over the entire distribution period and must not exceed one year. Once payments have commenced over a period, the period may be changed only in accordance with Section 1.401(a)(9)-6, A-13. Annuity payments must satisfy the minimum distribution incidental benefit requirements. Except as otherwise provided, all payments must be non-increasing.

c. The annuity may be a life or joint and survivor annuity with a period certain if the life or lives, if applicable, and period certain each meet the requirements of Section 1.401(a)(9)-6. Annuity payments must commence on or before the Participant’s Required Beginning Date. The first payment, which must be made on or before the Participant’s Required Beginning Date, must be the payment which is required for one payment interval. The second payment need not be made until the end of the next payment interval even if that payment interval ends in the next calendar year. Similarly, in the case of distributions commencing after death in accordance with section 401(a)(9)(B)(iii) and (iv), the first payment, which must be made on or before the date determined under A-3(a) or (b) (whichever is applicable) of § 1.401(a)(9)-3, must be the payment which is required for one payment interval. Payment intervals are the periods for which payments are received, e.g., bimonthly, monthly, semi-annually, or annually. All benefit accruals as of the last day of the first Distribution Calendar Year must be included in the calculation of the amount of annuity payments for payment intervals ending on or after the employee’s Required Beginning Date.

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d. If the Participant’s interest is being distributed in the form of a joint and survivor annuity for the joint lives of the Participant and a nonspouse beneficiary, annuity payments to be made on or after the Participant’s Required Beginning Date to the designated Beneficiary after the Participant’s death must not at any time exceed the applicable percentage of the annuity payment for such period that would have been payable to the Participant, using the table set forth in § 1.401(a)(9)-6, Q&A 2(c)(2), in the manner described in Q&A 2(c)(1), of the regulations, to determine the applicable percentage. If the form of distribution combines a joint and survivor annuity for the joint lives of the Participant and a nonspouse beneficiary and a period certain annuity, the requirement in the preceding sentence will apply to annuity payments to be made to the designated Beneficiary after the expiration of the period certain.

5.06 Time and Manner Distributions if Participant Dies Before ASD If the Participant dies before distributions begin, the Participant’s entire interest will be distributed, or begun being distributed, no later than as follows:

a. If the Participant’s Surviving Spouse is the sole Beneficiary, then, distributions will begin by December 31 of the year immediately following the year in which the Participant died, or if later, by December 31 of, the year in which the Participant would have attained age 70  ¹⁄₂.

b. If the Surviving Spouse is not the beneficiary, then, distributions will begin by December 31 of the year immediately following the year in which the Participant died.

c. If there is no Beneficiary as of September 30 of the year following the year of the Participants death, the Participant’s entire interest will be distributed by December 31 of the year containing the fifth anniversary of the Participant’s death.

d. If the Surviving Spouse is the sole beneficiary and the Surviving Spouse dies after the Participant but before distributions are required to begin, this section will apply as if the Surviving Spouse were the Participant. For purposes of this

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section, distributions are considered to begin on the Participant’s Required Beginning date. Distributions are considered to begin on the date distributions are required to begin to the Surviving Spouse under section 5.06(a). If distributions under an annuity meeting the requirements of Code Section 401(a)(9) commence to the Participant before the Participant’s Required Beginning Date (or to the Participant’s Surviving Spouse before the date distributions are required to begin, the date distributions are considered to begin is the date distributions actually commence.

5.07 Forms of Distribution as Unless the Participant’s interest is distributed in a single sum on or before the Required Beginning Date, of the first Distribution Calendar Year distributions will be made in accordance with this Section. Any part of the Participant’s interest which is in the form of an individual account described in Code Section 414(k) of the Code will be distributed in a manner satisfying the requirements of Section 401(a)(9) of the Code and §1.401(a)(9) of the Treasury Regulations that apply to individual accounts.

If the Participant’s interest is to be paid in the form of an annuity, payments under the annuity must satisfy the following requirements:

a. the annuity distributions will be paid in periodic payments made at uniform intervals not longer than one year;

b. the distribution period will be over a life (or lives) or over a period certain not longer than the period described below;

c. once payments have begun over a period, the period will change only in accordance with this Section;

d. payments will either be nonincreasing or increase only as follows:

1. by an annual percentage increase that does not exceed the percentage increase in an Eligible Cost-of-Living Index for a 12-month period ending in the year during which the increase occurs or a prior year;

2. by a percentage increase that occurs at specified times and does not exceed the cumulative total of annual percentage increases in an Eligible Cost-of-Living Index since the Annuity Starting Date, or if later, the date of the most recent percentage increase;

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3. by a constant percentage of less than 5 percent per year, applies not less frequently than annually;

4. to the extent of the reduction in the amount of the Participant’s payments to provide for a survivor benefit, but only if there is no longer a survivor benefit because the Beneficiary whose life was being used to determine the distribution period dies or is no longer the Participant’s beneficiary pursuant to a qualified domestic relations order;

5. to provide a final payment upon the Participant’s death not greater than the excess of the actuarial present value of the Participant’s accrued benefit calculated as of the Annuity Starting Date using the IRS interest rate and the IRS Mortality Table over the total of payments before the Participant’s death;

6. to allow a Beneficiary to convert the survivor portion of a joint and survivor annuity into a single sum distribution upon the Participant’s death; or

7. to pay increased benefits that result from a plan amendment.

The amount that must be distributed on or before the Participant’s Required Beginning Date (or, if the Participant dies before distributions begin, the date distributions are required to begin) is the payment that is required for one payment interval. The second payment need not be made until the end of the next payment interval even if that payment interval ends in the next calendar year. All of the Participant’s benefit accruals as of the last day of the first Distribution Calendar Year will be included in the calculation of the amount of the annuity payments for payment intervals ending on or after the Participant’s Required Beginning Date.

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Any additional benefits accruing to the Participant in a calendar year after the first Distribution Calendar Year will be distributed beginning with the first payment interval ending in the calendar year immediately following the calendar year in which such benefit accrues.

If the Participant’s Pension Allowance is payable as a joint and survivor annuity for the joint lives of the Participant and a nonspouse beneficiary, annuity payments to be made on or after the Participant’s Required Beginning Date to the Beneficiary after the Participant’s death must not at any time exceed the applicable percentage of the annuity payment for such period that would have been payable to the Participant, using the table set forth in § 1.401(a)(9)-6, Q&A 2(c)(2), in the manner described in Q&A 2(c)(1), of the Treasury regulations, to determine the applicable percentage. If the form of distribution combines a joint and survivor annuity for the joint lives of the Participant and a nonspouse beneficiary and a period certain annuity, the requirement in the preceding sentence will apply to annuity payments to be made to the Beneficiary after the expiration of the period certain.

The period certain for an annuity distribution commencing during the Participant’s lifetime may not exceed the applicable distribution period for the Participant under the Uniform Lifetime Table set forth in § 1.401(a)(9)-9, Q&A-2, of the Treasury regulations for the calendar year that contains the Annuity Starting Date. If the Annuity Starting Date precedes the year in which the Participant reaches age 70, the applicable distribution period for the Participant is the distribution period for age 70 under the Uniform Lifetime Table set forth in § 1.401 (a)(9)-9, Q&A-2, of the Treasury regulations plus the excess of 70 over the age of the Participant as of the Participant’s birthday in the year that contains the Annuity Starting Date.

If the Participant dies after distribution of his or her interest begins in the form of an annuity meeting the requirements of this Section, the remaining portion of the Participant’s Pension Allowance will continue to be distributed over the remaining period over which distributions commenced.

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If the Participant dies before his or her Annuity Starting Date and there is a Beneficiary, the Participant’s entire interest will be distributed, beginning no later than the time described above for deaths before Annuity Starting Dates over the life of the Beneficiary or over a period certain not exceeding:

i. unless the Annuity Starting Date is before the first Distribution Calendar Year, the life expectancy of the Beneficiary determined using the Beneficiary’s age as of the Beneficiary’s birthday in the calendar year immediately following the calendar year of the Participant’s death; or

ii. if the Annuity Starting Date is before the first Distribution Calendar Year, the life expectancy of the Beneficiary determined using the Beneficiary’s age as of the Beneficiary’s birthday in the calendar year that contains the Annuity Starting Date.

If the Participant dies before his or her Annuity Starting Date and there is no Beneficiary as of September 30 of the year following the year of the Participant’s death, distribution of the Participant’s Pension Allowance will be completed by December 31 of the calendar year containing the fifth anniversary of the Participant’s death.

If the Participant dies before the Annuity Starting Date, the Participant’s Surviving Spouse is the Participant’s sole Beneficiary, and the Surviving Spouse dies before distributions to the Surviving Spouse begin, this section will apply as if the Surviving Spouse were the Participant.

Payments made to a Participant’s surviving child until the child reaches the age of majority (or dies, if earlier) will be treated as if such payments were made to the Surviving Spouse to the extent the payments become payable to the

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Surviving Spouse upon cessation of the payments to the child. A child shall be treated as having not reached the age of majority if the child has not completed a specified course of education and is under the age of 26. In addition, a child who is disabled within the meaning of § 72(m)(7) when the child reaches the age of majority shall be treated as having not reached the age of majority so long as the child continues to be disabled.

5.07A Special Definitions Applicable to Required Distribution Dates and Required Minimum Distributions

Distribution Calendar Year means a calendar year for which a minimum distribution is required. For distributions beginning before the Participant’s death, the first Distribution Calendar Year is the calendar year immediately preceding the calendar year which contains the Participant’s Required Beginning Date. For distributions beginning after the Participant’s death, the first Distribution Calendar Year is the calendar year in which distributions are required to begin pursuant to this Section.

Eligible cost-of-living index means an index described in paragraphs (b)(2), (b)(3) or (b)(4) of S 1.401(a)(9)-6, Q&A-14, of the Treasury regulations.

Life expectancy means Life Expectancy as computed by use of the Single Life Table in § 1.401(a)(9)-9 Q&A-1 of the Regulations.

Required beginning date means April 1 of the calendar year following the later of the calendar year in which the Participant attains age 70  ¹⁄₂ or the calendar year in which the Participant has a separation.

If the Participant dies before distributions are required to begin and there is a designated Beneficiary, the Participant’s entire interest will be distributed to the designated beneficiary by December 31^st of the calendar year containing the fifth anniversary of the Participant’s death.

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5.08 Direct Rollover of Certain Distributions

a. Notwithstanding any provision of the Plan to the contrary that would otherwise limit a Distributee’s election under this Section, a Distributee may elect, at the time and in the manner prescribed by the Plan Administrator, to have any portion of an Eligible Rollover Distribution paid directly to an Eligible Retirement Plan specified by the Distributee in a direct rollover.

b. Special definitions applicable in this Section:

An Eligible Rollover Distribution means any distribution of all or any portion of the balance to the credit of the Distributee, except that an eligible rollover distribution does not include: (a) any distribution that is one of a series of substantially equal periodic payments made for the life, or life expectancy, of the Distributee or the joint lives (or joint life expectancies) of the Distributee and the Distributee’s designated Beneficiary, or for a specified period of ten years or more; (b) any distribution that is required under Code Section 401(a)(9); (c) the portion of any distribution that is not includible in gross income (determined without regard to the exclusion for net unrealized appreciation with respect to employer securities); (d) and any distribution expected to total less than $200.

An Eligible Retirement Plan means: (a) an individual retirement account described in Code Section 408(a); (b) an individual retirement annuity described in Code Section 408(b): (c) an annuity plan described in Code Section 403(a) or 403(b); (d) a government plan described in Code Section 457; or (e) a qualified trust described in Code Section 401(a), that accepts the Distributee’s eligible rollover distribution. In the case of an Eligible Rollover Distribution to the Surviving Spouse, an Eligible Retirement Plan is solely an individual retirement account individual retirement annuity

A Distributee means an Employee: a former Employee, an Employee’s or former Employee’s Surviving Spouse, and an Employee’s or former Employee’s spouse or former spouse who is the alternate payee under a qualified domestic

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relations order. Notwithstanding a contrary provision in the Retirement Plan, effective January 1, 2009, a Distributee also includes a non–spousal beneficiary so long as the non–spouse beneficiary is a designated beneficiary as defined in Code § 401(a)(9)(E). The non–spouse beneficiary can only be an individual or individual(s) and may not be the estate of the Participant. However, if a trust is designated as the beneficiary and the requirements of Treas. Reg. § 1.401(a)(9)-4 are met, the beneficiaries of the trust will be deemed to be designated beneficiaries rather than the trust. If the Participant dies before distributions have begun, and the Participant is single, a non-spousal rollover may be made. The non-spousal rollover must be made by the end of the year following the Participant’s death. If it is made in the year following the year of the Participant’s death, a minimum distribution must be made with respect to the year following the Participant’s death.

A Direct Rollover means a payment by the Plan to the Eligible Retirement Plan specified by the Distributee.

In the event that the provisions of this Section 5.06 or any part thereof cease to be required by law as a result of subsequent legislation or otherwise, this Section or any applicable part thereof shall be ineffective without the necessity of further amendments to the Retirement Plan.

Effective as of March 28, 2005, this Plan does not permit mandatory distributions; that is distributions without the consent of the Participant, in any amount that exceeds $1,000. However, in the unlikely event a distribution in an amount exceeding $1,000 is made without the Participant’s consent and before the Participant attains the later of age 62 or Normal Retirement Age, and the Participant does not elect to have such distribution paid directly to an eligible retirement plan specified by the Participant in a direct rollover or to receive the distribution directly, then the distribution will be paid in a direct rollover to an individual retirement plan designated by the Plan Administrator.

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Article VI

Contributions

6.01 Employers’ Contributions

It is the intention of the Company and the Employers to continue the Plan, make the contributions that are necessary to maintain the Plan on a sound actuarial basis and to meet the minimum funding standards prescribed by law. However, subject to the provisions of Article X, an Employer may discontinue its contributions for any reason at any time. Any Participant forfeitures shall be used to reduce the Employers’ contributions otherwise payable.

6.02 Return of Contributions

a. Employers’ contributions are conditioned upon their deductibility under Code Section 404. If all or part of the deductions are disallowed by the IRS, the portion of the contributions to which that disallowance applies will be returned to the Employers without interest, but reduced by any investment loss attributable to those contributions. The return will be made within one year after the date of the disallowance of the deduction.

b. The Employers may recover without interest the amount of their contributions to the Plan made on account of a mistake in fact, reduced by any investment loss attributable to those contributions, if recovery is made within one year after the date of those contributions.

6.03 Non-Contributory Nature

No contributions by any Employee or Participant to the Retirement Plan shall be required or permitted hereunder.

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Article VII

Administration of Plan

7.01 Named Fiduciaries

a. The Board has appointed those persons who occupy the positions of Chief Executive Officer, Chief Financial Officer and Chief Accounting Officer of CECONY as the Named Fiduciaries of the Plan. The Named Fiduciaries shall have the joint authority to control and manage the operation and administration of the Plan, including the appointment of the Plan Administrator. The Named Fiduciaries may, in their sole and absolute discretion, designate one or more committees or individuals to serve as the Plan Administrator or in other fiduciary capacities responsible for the management, operation and administration of the Plan and/or investment of the trust and the Plan assets. CECONY also may designate other persons who, upon acceptance of such designation, shall serve as Named Fiduciaries either instead of or in addition to those holding the aforementioned offices. Any such designation and acceptance shall be in writing and retained by the Plan Administrator.

Effective as of February 14, 2012, the Board of Trustees approved (1) removing, by title, the Chief Executive Officer as a Named Fiduciary; (3) renaming the “Named Fiduciaries” to the Named Fiduciary Committee; and (4) adding by title, the “Vice President – Human Resources,” or any successor title/position will be a Named Fiduciary.

b. The Named Fiduciaries may allocate fiduciary responsibilities among themselves, and may designate other persons to carry out fiduciary responsibilities, other than those granted to the Trustee under the trust agreement adopted for use in implementing the Plan, in accordance with the following procedure:

1. The Chief Executive Officer of CECONY shall allocate fiduciary responsibilities among the Named Fiduciaries in writing, and the acceptance of such responsibilities by the Named Fiduciaries shall be in

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writing. Any designation by a Named Fiduciary of persons to carry out fiduciary responsibilities, other than those granted to the Trustee under the trust agreement adopted for use in implementing the Plan, shall be in writing, a copy of which shall be delivered to the designee, and shall specify the fiduciary responsibilities to be carried out by the designee. Written notice of any such designation shall be given to all other Named Fiduciaries by the Named Fiduciary making the designation. Any such allocations, acceptances and designations shall be retained by the Plan Administrator.

2. A Named Fiduciary, or a fiduciary designated by a Named Fiduciary, may employ one or more persons to render advice with regard to any responsibility such fiduciary has under the Plan.

3. One or more of the Named Fiduciaries may direct the Trustee to invest all or any part of the trust fund held by the Trustee in investments consistent and in accordance with the Plan’s investment policy, including but not limited to, investments in insurance policies and contracts, including group annuity contracts, and in tax-exempt group trusts, and from time to time to liquidate any such investment in whole or in part.

4. The Named Fiduciaries shall have the powers granted to them under the trust agreement adopted for use in implementing the Retirement Plan.

7.02 Duties of Plan Administrator

a. The Plan Administrator shall have such duties and powers as may be necessary to discharge its duties hereunder, including but not by way of limitation, the following:

1. to authorize any agent to execute or deliver any instrument or make any payment on its behalf;

2. to retain counsel, employ agents and provide for such clerical, accounting, actuarial and consulting services as it may require in carrying out the provisions of the Plan;

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3. to delegate to other persons all or such portion of its duties under the Retirement Plan, other than those granted to the Trustee under the trust agreement adopted for use in implementing the Retirement Plan, as the Plan Administrator, in his or her sole discretion, shall decide and in accordance with ERISA Section 405;

4. to decide all claims and questions of eligibility, and determine the amount, manner and time of payment of any benefit hereunder, and to construe and interpret the Plan or other plans as may be necessary in conjunction herewith;

5. to make and enforce such rules and regulations as the Plan Administrator deems necessary or proper for the efficient administration and operation of the Plan;

6. to prescribe procedures to be followed by Participants or Beneficiaries filing applications for benefits;

7. to exercise such authority and responsibility, and perform such duties, as may be required in order to comply with ERISA and governmental regulations issued there under regarding records of Participants’ service, accrued benefits, and non-forfeitable benefits under the Plan;

8. to provide notifications to Participants, and file such annual reports as shall be required with the IRS, the Department of Labor and the Pension Benefit Guaranty Corporation;

9. to receive and review the annual actuarial valuation of the Plan made by the actuary, and the regular reports of the Trustee regarding the financial condition, receipts and disbursements of the trust fund;

10. to furnish to the Employers, upon request, such annual reports with respect to the administration of the Retirement Plan as are reasonable and appropriate;

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11. to receive service of legal process, as agent for the Plan; and

12. to authorize the payment of reasonable and necessary expenses for the administration and operation of the Retirement Plan.

b. The Plan Administrator shall have the authority to amend the Plan as follows:

1. in accordance with action by the Board, to amend Appendix B to specify that an Affiliate will become an Employer and to provide for any special terms and conditions applicable to Participants employed by the Employer;

2. to amend Appendix E to specify the method for determining and to determine the amount payable from the 401(h) Account for benefits under the Retiree Health Retirement Plan, pursuant to and for purposes of Section 12.06; and

3. to adopt certain amendments to the Retirement Plan, which are (a) required or desirable in order to implement corporate transactions such as mergers, acquisitions and divestitures; (b) required, necessary or recommended for compliance with ERISA, the Code or other laws; or (c) necessary or desirable for uniform or efficient administration. In all cases, any amendment(s) adopted by the Plan Administrator shall neither materially nor significantly increase the Employers’ or the Company’s obligations or adversely affect or reduce the accrued benefits of Participants.

Any amendment adopted by the Plan Administrator pursuant to this Section shall be in writing and shall be effective as of the date specified by the Plan Administrator.

7.03 Meetings

The Plan Administrator will hold meetings upon such notice, at such place or places, and at such time or times as the Plan Administrator may from time to time determine.

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7.04 Compensation and Bonding

The Named Fiduciaries and the Plan Administrator will not receive any compensation from the Retirement Plan for their services as such, and no bond or other security need be required of them in those capacities in any jurisdiction.

7.05 Establishment of Rules

Subject to the limitations of the Retirement Plan, the Plan Administrator from time to time will establish rules for the administration of the Plan and the transaction of business. The Plan Administrator has discretionary authority to interpret the Plan and to make factual determinations including but not limited to, determination of an individual’s eligibility for Plan participation, the right and amount of any benefit payable under the Plan and the date on which any individual ceases to be a Participant. The determination of the Plan Administrator as to the interpretation of the Plan or any disputed question shall be conclusive and final to the extent permitted by applicable law. The Plan Administrator, however, shall have no power to add to, subtract from or modify any of the terms of the Retirement Plan, or to change or add to any benefits provided by the Retirement Plan, or to waive or fail to apply any requirements of eligibility for a pension under the Retirement Plan.

7.06 Prudent Conduct

The Named Fiduciaries and Plan Administrator will use that degree of care, skill, prudence and diligence that a prudent person acting in a like capacity and familiar with such matters would use in a similar situation.

7.07 Actuary

As an aid to the Employers in determining the amount of contributions payable to the Retirement Plan, the actuary designated by the Named Fiduciaries or the Plan Administrator will make annual actuarial valuations of the assets and liabilities of the Retirement Plan, and will submit to the Plan Administrator the rates of contribution which it recommends for use.

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7.08 Maintenance of Accounts

The Plan Administrator will maintain accounts showing the fiscal transactions of the Plan and will keep in convenient form such data as may be necessary for actuarial valuations of the Retirement Plan.

7.09 Service in More Than One Fiduciary Capacity

Any individual, entity or group of persons may serve in more than one fiduciary capacity with respect to the Plan and/or the funds of the Retirement Plan.

7.10 Limitation of Liability

The Company, the members of its board of directors, the Employers and the members of their board of trustees or directors, the Named Fiduciaries, the Plan Administrator, and any officer, employee or agent of the Company or an Affiliate shall not incur any liability individually or on behalf of any other individuals for any act, or failure to act, made in good faith in relation to the Plan or the funds of the Retirement Plan. However, this limitation does not act to relieve any such individual or the Company or any Affiliate from a responsibility or liability for any fiduciary responsibility, obligation or duty under Part 4, Title I of ERISA.

7.11 Indemnification

The Company, the members of its board of directors, the Employers and the members of their board of trustees or directors, the Named Fiduciaries, the Plan Administrator, and any officer, employee or agent of the Company or an Affiliate are indemnified against any and all liabilities arising by reason of any act, or failure to act, in relation to the Plan or the funds of the Retirement Plan, including, without limitation, expenses reasonably incurred in the defense of any claim relating to the Plan or the funds of the Retirement Plan, and amounts paid in any compromise or settlement relating to the Plan or the funds of the Retirement

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Plan, except for actions or failures to act made in bad faith or which constitute a breach of fiduciary duty. The foregoing indemnification is from the funds of the Retirement Plan to the extent of those funds and to the extent permitted under applicable law; otherwise from the general assets of the Employers. The provisions are in addition to any other indemnification provision otherwise provided to any such individual by the Company or an Affiliate, provided that there is no duplication of benefits under this Section 7.11 and any such other provision.

7.12 Appointment of Investment Manager

The Board of Trustees, in its sole discretion, determines the investment policy for the Retirement Plan. However, the Named Fiduciary Committee may, in its sole discretion, and in accordance with the investment policy, appoint one or more investment managers to manage the assets of the Plan (including the power to acquire and dispose of all or part of such assets) as the Named Fiduciary designates. In that event, the authority over and responsibility for the management of the assets so designated is the sole responsibility of that investment manager.

For purposes of this Article, the term “investment manager” means an individual firm, or entity who:

a. has the power to manage, acquire or dispose of any asset of the Plan;

b. is (i) registered as an investment advisor under the Investment Advisors Act of 1940, (ii) a bank, as defined in that Act, or (iii) an insurance company qualified to perform services described in paragraph (a) above; and

c. has acknowledged in writing that he, she or it is a fiduciary with respect to the Plan.

7.13 Expenses of Administration

All reasonable expenses that arise in connection with the administration of the Plan, including but not limited to the compensation of the Trustee, administrative expenses and proper charges and disbursements of the Trustee

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and reasonable compensation and other expenses and charges of any enrolled actuary, counsel, accountant, specialist, or other person who has been retained by the Employers, Named Fiduciaries or Plan Administrator in connection with the administration thereof, will be paid from the funds of the Plan held by the Trustee under the trust agreement adopted for use in implementing the Plan, to the extent not paid by the Employers. So long as such reimbursement is in accordance with Department of Labor Regulation 29 CFR 2550.408c-2(b)(3), the funds of the Plan may also reimburse the Employers for compensation paid by the Employers to employees of the Employers who perform services to the Plan.

7.14 Claims and Review Procedures

a. Applications for benefits and inquiries concerning the Plan (or concerning present or future rights to benefits under the Plan) must be submitted in writing to the Plan Administrator. An application for benefits must be submitted on the prescribed form and signed by the Participant or, in the case of a benefit payable after his or her death, by his or her Beneficiary, or a duly authorized legal representative.

b. In the event that an application for benefits is denied in whole or in part, the Plan Administrator will notify the Participant or Beneficiary in writing of the denial and of the right to review of the denial. The written notice will set forth, in a manner calculated to be understood by the Participant or Beneficiary, specific reasons for the denial, specific references to the provisions of the Plan on which the denial is based, a description of any information or material necessary for the Participant or Beneficiary to perfect the application, an explanation of why the material is necessary, and an explanation of the review procedure under the Retirement Plan. The written notice from the Plan Administrator will be given to the Participant or Beneficiary within a reasonable period of time, not more than 90 days, after the Plan Administrator received the initial application, unless special circumstances require further time for processing and the Participant or Beneficiary is advised of the need

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and reason for the extension within the first 90-day period. The Participant or Beneficiary will also be informed of the date by which the Plan Administrator expects to render the decision. In no event will the initial decision be given more than 180 days after the Plan Administrator received the application. The Plan Administrator has the authority to act with respect to any appeal from a denial of benefits or a determination of benefit rights.

c. A Participant or Beneficiary whose application for benefits was denied in whole or part, or the Participant or Beneficiary’s duly authorized representative, may appeal the denial by submitting to the Plan Administrator a request for a review of the application within 60 days after receiving written notice of the denial from the Plan Administrator. The Plan Administrator will give the Participant or Beneficiary or his or her representative an opportunity to review pertinent materials, other than legally privileged documents, in preparing the request for a review. The request for a review must be in writing and addressed to the Plan Administrator. The request for a review shall set forth all of the grounds on which it is based, all facts in support of the request and any other matters that the applicant deems pertinent. The Plan Administrator may require the Participant or Beneficiary to submit such additional facts, documents or other materials as it may deem necessary or appropriate in making its review.

d. The Plan Administrator will act on each request for a review within 60 days after receipt, unless special circumstances require further time for processing by the Plan Administrator and the Participant or Beneficiary is advised of the need and reason for the extension. In no event will the decision on review be rendered more than 120 days after the Plan Administrator received the request for a review. The Plan Administrator will give prompt written notice of its decision to the Participant or Beneficiary. In the event that the Plan Administrator confirms the denial of the application for benefits in whole or in part, the notice will set forth, in a manner calculated to be understood by the Participant or Beneficiary, the specific reasons for

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the decision and specific references to the provisions of the Plan on which the decision is based. The Plan Administrator has discretionary authority to administer the Plan, including interpreting the terms, determining eligibility for, entitlement to and amount of benefits under the Plan, determining any facts and resolving any questions relevant to administration of the Plan and remedying and correcting any ambiguities, inconsistencies or omissions in the Retirement Plan. Any action taken by the Plan administrator pursuant to such discretionary authority shall be conclusive and binding on all Participants, Beneficiaries and others.

e. The Plan Administrator shall adopt such rules, procedures and interpretations of the Plan as deemed necessary or appropriate in carrying out the Plan Administrator responsibilities under this Section 7.14.

f. No legal action for benefits under the Plan may be brought unless and until the Participant, Beneficiary claimant:

1. has submitted a written application for benefits in accordance with this Section,

2. has been notified by the Plan Administrator that the application is denied,

3. has filed a written request for a review of the application in accordance with this Section, and

4. has been notified in writing that the Plan Administrator has affirmed the denial of the application;

provided, however, that legal action may be brought after the Plan Administrator has failed to take any action on the claim within the time prescribed by above.

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Article VIII

Management of Funds

8.01 Trustee

All the funds of the Plan shall be held by a Trustee appointed from time to time by the Board under a trust instrument adopted, or as amended, by CECONY for use in providing the benefits of the Plan and paying its expenses not paid directly by the Employers. The assets of the Plan may be commingled by the Trustee with the assets of another qualified defined benefit plan maintained by an Affiliate; provided, however, that there shall be separate accounting for the beneficial interest of each such plan in the commingled assets. The beneficial interest of the trust fund under the Plan will be applied solely in accordance with the Plan and shall not be available to provide benefits under any other qualified defined benefit plan or for any other purpose. Expenses and taxes, to the extent paid from the commingled trust assets, will be equitably divided between the trust fund under the Plan and the trust fund under any other qualified defined benefit plan.

8.02 Exclusive Benefit Rule

Except as otherwise provided in the Plan, no part of the corpus or income of the funds of the Plan shall be used for, or diverted to, purposes other than for the exclusive benefit of Participants and other persons entitled to benefits under the Plan and paying Plan expenses not otherwise paid by the Employers, before the satisfaction of all liabilities with respect to them. No person has any interest in or right to any part of the earnings of the funds of the Plan, or any right in, or to, any part of the assets held under the Plan, except as and to the extent expressly provided in the Plan.

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Article IX

General Provisions

9.01 Nonalienation

a. Except as required by any applicable law, or by paragraph (c), no benefit under the Plan shall in any manner be anticipated, assigned or alienated, and any attempt to do so shall be void. However, payment may be made in accordance with the provisions of any judgment, decree, or order which creates for, or assigns to, a spouse, former spouse, child or other dependent of a Participant the right to receive all or a portion of the Participant’s benefits under the Plan for the purpose of providing child support, alimony payments or marital property rights to that spouse, child or dependent, and:

1. is made pursuant to a State domestic relations law,

2. does not require the Plan to provide any type of benefit, or any option, not otherwise provided under the Plan, and

3. otherwise meets the requirements of Section 206(d) of ERISA, as amended, as a qualified domestic relations order (“QDRO”), as determined by the Plan Administrator. The Plan shall have written procedures in effect for determining whether an order is a QDRO and, if so, for administering distributions under QDROs. The procedures shall notify each person, specified in the order who is entitled to payment of benefits under the Plan, of such procedures.

Notwithstanding the foregoing, a Participant whose benefit is in current pay status may elect to make a voluntary and revocable assignment of such benefit, not to exceed 10% of any benefit payment, provided the assignment is not for the purpose of defraying administrative costs.

b. If the present value of any series of payments under a QDRO amounts to $5,000 or less, or beginning for distributions after March 28, 2005, $1,000, a lump sum payment that is the Actuarial Equivalent, determined in the manner described in Section 5.01, shall be made in lieu of the series of payments.

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c. A Participant’s benefits under the Plan will be offset by the amount the Participant is required to pay to the Plan under the circumstances set forth in Code Section 401(a)(13).

d. If an overpayment has been made to a Participant, a Beneficiary, or any other person, the Plan Administrator is entitled to and will seek full recoupment and reimbursement of the overpayment. In the event a Participant or Beneficiary or any other person who received an overpayment is receiving a Pension Allowance, the Plan Administrator and the Plan will reduce his or her future Pension Allowance by the amount of the overpayment. An overpayment is an amount of Pension Allowance that exceeds the Pension Allowance to which the Participant is entitled. Under no circumstances, and for no reason, is the Participant or whoever received or is receiving an overpayment entitled to the overpayment. The Plan Administrator and the Plan have a legal obligation and responsibility to recoup all overpayments.

9.02 Conditions of Employment Not Affected by Plan

The establishment of the Plan does not confer any legal rights upon any Employee or other person for a continuation of employment, nor does it interfere with the right of the Employers (which right is hereby reserved) to discharge any Employee and to treat him or her without regard to the effect which that treatment might have upon him or her as a Participant or potential Participant in the Plan.

9.03 Facility of Payment

If the Plan Administrator finds that a Participant or other person entitled to a benefit is unable to care for his or her affairs because of illness or accident or because he or she is a minor, the Plan Administrator may direct, in his or her sole discretion, that any benefit due him or her, unless claim has been made for the benefit of the Participant by a duly appointed legal representative, be paid to his

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or her spouse, a child, a parent or other blood relative, or to a person with whom he or she resides. Any payment so made shall be a complete discharge of the liabilities of the Plan for that benefit. Furthermore, if the Plan Administrator receives from a Participant a power of attorney valid under state law, the Plan Administrator will comply with the instructions of the named attorney to the extent that the Plan Administrator would comply with such instructions if given by the Participant and such instructions are consistent with the power of attorney.

9.04 Information

Each Participant or other person entitled to a benefit, before any benefit will be payable to him or her or on his or her account under the Plan, must file with the Plan Administrator information that the Plan Administrator requires to establish the Participant’s or other person’s rights and benefits under the Plan.

9.05 Top-Heavy Provisions

a. The following definitions apply to the terms used in this Section:

1. “applicable determination date” means the last day of the preceding Plan Year;

2. “top-heavy ratio” means the ratio of (A) the present value of the cumulative accrued benefits under the Plan for key employees to (B) the present value of the cumulative accrued benefits under the Plan for all key employees and non-key employees; provided, however, that if an individual has not performed services for the Company or Affiliate at any time during the 5-year period ending on the applicable determination date, any accrued benefit for such individual (and the account of such individual) shall not be taken into account. Effective for Plan Years beginning in 2002 and thereafter, the phrase “one –year period” is substituted for the phrase “five –year period” each place it appears in this definition. In the case of a distribution made for a reason other than separation from service, death, or disability, the look –back period shall

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continue to mean the five –year period. The accrued benefits and accounts of any individual who has not performed services for the Company or Affiliate during the one –year period ending on the determination date will not be taken into account for purposes of calculating the Top –Heavy Ratio. Effective for Plan Years beginning after December 31, 2001, in the case of a distribution made for a reason other than severance from employment, death, or disability, the look-back period shall continue to mean the five-year period.;

3. “applicable valuation date” means the date within the preceding Plan Year as of which annual Plan costs are or would be computed for minimum funding purposes;

4. “key employee” means an employee who is in a category of employees determined in accordance with the provisions Code Section 416(i)(1) and (5) and any regulations there under, and, where applicable, on the basis of the Employee’s remuneration which, with respect to any Employee, shall mean the wages, salaries and other amounts paid in respect of such Employee by the Company or an Affiliate for personal services actually rendered, determined before any pre-tax contributions under a “qualified cash or deferred arrangement” (as defined under Code Section 401(k) and its applicable regulations) or under a “cafeteria plan” (as defined under Code Section 125 and its applicable regulations), and shall include, but not by way of limitation, bonuses, overtime payments and commissions; and shall exclude deferred compensation, stock options and other distributions which receive special tax benefits under the Code;

5. “non-key employee” means any employee who is not a key employee;

6. “average remuneration” means the average annual remuneration of a Participant for the five consecutive years of his or her Vesting Service during which he or she received the greatest aggregate remuneration, as

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limited by Code Section 401(a)(17), from the Company or an Affiliate, excluding any remuneration for service after the last Plan Year with respect to which the Plan is top-heavy;

7. “required aggregation group” means each other qualified plan of the Company or an Affiliate (including plans that terminated within the five-year period ending on the determination date) in which there are members who are key employees or which enables the Plan to meet the requirements of Code Section 401(a)(4) or 410; and

8. “permissive aggregation group” means each plan in the required aggregation group and any other qualified plan(s) of the Company or an Affiliate in which all members are non-key employees, if the resulting aggregation group continues to meet the requirements of Code Sections 401(a)(4) and 410.

b. For purposes of this Section, the Plan shall be “top-heavy” with respect to any Plan Year beginning on or after January 1, 1984, if as of the applicable determination date the top-heavy ratio exceeds 60%. The top-heavy ratio shall be determined as of the applicable valuation date in accordance with Code Section 416(g)(3) and (4)(B) on the basis of the 1983 Group Annuity Mortality Table and an interest rate of 5 ¹⁄₂% per year compounded annually. For purposes of determining whether the Plan is top-heavy, the present value of accrued benefits under the Plan will be combined with the present value of accrued benefits or account balances under each other plan in the required aggregation group, and, in the Employer’s discretion, may be combined with the present value of accrued benefits or account balances under any other qualified plan(s) in the permissive aggregation group. The accrued benefit of a non-key employee under the Plan or any other defined benefit plan in the aggregation group shall be (i) determined under the method, if any, that uniformly applies for accrual purposes under all plans maintained by the Company or an Affiliate, or (ii) if there is no such method, as if such benefit accrued not more rapidly than the slowest accrual rate permitted under the fractional rule described in Code Section 411(b)(1)(C).

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c. The following provisions shall be applicable to Participants for any Plan Year with respect to which the Plan is top-heavy:

1. In lieu of the vesting requirements specified in Section 4.05, a Participant shall be vested in, and have a non-forfeitable right to, a percentage of his or her accrued benefit, as set forth in the following vesting schedule:

Years of Vesting Service	Percentage Vested
Less than 2 years		0	%
2 years		20	%
3 years		40	%
4 years		60	%
5 years		100	%

2. The accrued benefit of a Participant who is a non-key employee shall not be less than 2% of his or her average remuneration multiplied by the number of years of his or her Vesting Service, not in excess of 10, during the Plan Years for which the Plan is top-heavy. That minimum benefit shall be payable at a Participant’s Normal Retirement Date. If payments commence at a time other than the Participant’s Normal Retirement Date, the minimum accrued benefit shall be the Actuarial Equivalent of that minimum benefit.

3. The multiplier “1.25” in Code Sections 415(e)(2)(B)(i) and (3)(B)(i) shall be reduced to “1.0”, and the dollar amount “$51,875” in Code Section 415(e)(6)(B)(i)(I) shall be reduced to “$41,500”.

d. If the Plan is top-heavy with respect to a Plan Year and ceases to be top-heavy for a subsequent Plan Year, the following provisions shall be applicable:

1. The accrued benefit in any such subsequent Plan Year shall not be less than the minimum accrued benefit provided in paragraph (c)(ii) above, computed as of the end of the most recent Plan Year for which the Plan was top-heavy.

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2. If a Participant has completed three years of Vesting Service on or before the last day of the most recent Plan Year for which the Plan was top-heavy, the vesting schedule set forth in paragraph (c)(i) above shall continue to be applicable.

3. If a Participant has completed at least two, but less than three, years of Vesting Service on or before the last day of the most recent Plan Year for which the Plan was top-heavy, the vesting provisions of Section 4.05 shall again be applicable; provided, however, that in no event shall the vested percentage of a Participant’s accrued benefit be less than the percentage determined under paragraph (c)(i) above as of the last day of the most recent Plan Year for which the Plan was top-heavy.

9.06 Construction

a. The Plan shall be construed, regulated and administered under ERISA as in effect from time to time, and the laws of the State of New York, except where ERISA controls.

b. The titles and headings of the Articles and Sections in this Plan are for convenience only. In case of ambiguity or inconsistency, the text rather than the titles or headings shall control.

9.07 Prevention of Escheat

If the Plan Administrator cannot ascertain the whereabouts of any person to whom a payment is due under the Plan, the Plan Administrator may, no earlier than three years from the date such payment is due, mail a notice of such due and owing payment to the last known address of such person as shown on the records of the Plan Administrator or the Employer. If such person has not made written claim therefore within three months of the date of the mailing, the Plan Administrator may, if it so elects and upon receiving advice from counsel to the

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Plan, direct that such payment and all remaining payments otherwise due such person be cancelled on the records of the Plan and the amount thereof applied to reduce the contributions of the Employer. Upon such cancellation, the Plan has no further liability therefore except that, in the event such person or his or her Beneficiary later notifies the Plan Administrator of his or her whereabouts and requests the payment or payments due to him or her under the Plan, the amount so applied will be paid to him or her in accordance with the provisions of the Plan, without interest.

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Article X

Amendment, Merger and Termination

10.01 Amendment of Plan

a. CECONY, by action of its Board, or pursuant to authority granted by its Board, reserves the right at any time and from time to time, and retroactively if deemed necessary or appropriate, to amend in whole or in part any or all of the provisions of the Plan. However, no amendment shall make it possible for any part of the funds of the Plan to be used for, or diverted to, purposes other than for the exclusive benefit of persons entitled to benefits under the Plan, before the satisfaction of all liabilities with respect to them. No amendment will be made which has the effect of decreasing the accrued benefit or reducing the nonforfeitable percentage of the accrued benefit of a Participant below the nonforfeitable percentage computed under the Plan as in effect on the date on which the amendment is adopted or, if later, the date on which the amendment becomes effective.

b. The Plan Administrator has the authority to amend the Plan to the extent and in the manner described in Section 7.02(b).

c. Notwithstanding the previous sections, a Participant’s Accrued Benefit, early retirement benefit, retirement – type subsidy or optional form of benefit may be reduced to the extent permitted under Code Section 412(d)(2), for Plan Years beginning after December 31, 2007, or to the extent permitted under Treasury Regulations Sections 1.411(d)(3) and 1.411(d)(4).

10.02 Merger, Consolidation, or Transfer

The Board may, in its sole discretion, merge this Plan with another qualified plan, subject to any applicable legal requirements. However, the Plan may not be merged or consolidated with, and its assets or liabilities may not be transferred to, any other plan unless each person entitled to benefits under the

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Plan would, if the resulting plan were then terminated, receive a benefit immediately after the merger, consolidation, or transfer which is equal to or greater than the benefit he or she would have been entitled to receive immediately before the merger, consolidation, or transfer if the Plan had then terminated.

10.03 Additional Participating Companies

a. With the consent of CECONY, an Affiliate may adopt this Plan for some or all of its Employees. Upon the effective date of the adoption of the Plan by an Affiliate, the Affiliate shall be an Employer and shall delegate all fiduciary and administrative responsibilities (including the appointment and removal of fiduciaries) under the Plan to the Named Fiduciaries and the Plan Administrator of the Plan. An Employer may adopt the Plan for some or all of its employees upon appropriate action by such Employer, and with the consent of CECONY, and the employees for whom the Plan is adopted shall be described in Appendix B to the Plan.

b. An Employer may terminate its participation in the Plan upon appropriate action. The funds of the Plan held on account of Participants in the employ of that Employer will be determined by the Plan Administrator and will be applied as provided in Section 10.04 if the Plan should be terminated, or will be segregated by the Trustee as a separate trust, pursuant to certification to the Trustee by the Plan Administrator, continuing the Plan as a separate plan for the employees of that company under which the board of directors of that company will succeed to all the powers and duties of the board of trustees, including the appointment of named fiduciaries.

10.04 Termination of Plan

CECONY, by action of its Board, may terminate the Plan for any reason at any time. In case of termination of the Plan, the rights of Participants to their benefits accrued under the Plan as of the date of the termination, to the extent then funded or protected by law, if greater, shall be nonforfeitable. The funds of

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the Plan shall be used for the exclusive benefit of persons entitled to benefits under the Plan as of the date of termination, except as provided in Section 6.02. However, any funds not required to satisfy all liabilities of the Plan for benefits because of erroneous actuarial computation will be returned to the Employers. In addition, after the satisfaction of all liabilities for benefits to which Participants and other persons may be entitled under the Plan, and satisfaction of all liabilities for expenses under by the Plan, in the event there are remaining plan assets, upon termination of the Plan, such excess assets shall revert to the Employers. The Plan Administrator will determine on the basis of actuarial valuation the share of the funds of the Plan allocable to each person entitled to benefits under the Plan in accordance with Section 4044 of ERISA, or corresponding provision of any applicable law in effect at the time. In the event of a partial termination of the Plan, the provisions of this Section will be applicable to the Participants affected by that partial termination.

10.05 Limitation Concerning Highly-Compensated Employees and Highly-Compensated Former Employees

a. The provisions of this Section shall apply (i) in the event the Plan is terminated, to any Participant who is a highly-compensated employee or highly-compensated former employee (as those terms are defined in Code Section 414(q)) of the Company or an Affiliate and (ii) in any other event, to any Participant who is one of the 25 highly-compensated employees or highly-compensated former employees of the Company or Affiliate with the greatest compensation in any Plan Year. The amount of the annual payments to any one of the Participants to whom this Section applies will not be greater than an amount equal to the annual payments that would be made on behalf of the Participant during the year under a single life annuity that is the Actuarial Equivalent of the sum of the Participant’s accrued benefit and the Participant’s other benefits under the Plan.

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b. If, (i) after payment of Pension Allowance or other benefits to any one of the Participants to whom this Section applies, the value of Plan assets equals or exceeds 110% of the value of current liabilities (as that term is defined in Code Section 412(l)(7)) of the Plan, (ii) the value of the accrued benefit and other benefits of any one of the Participants to whom this Section applies is less than 1% of the value of current liabilities of the Plan, or (iii) the value of the benefits payable to a Participant to whom this Section applies does not exceed the amount described in Code Section 411(a)(11)(A), the provisions of paragraph (a) above will not be applicable to the payment of benefits to such Participant.

c. If any Participant to whom this Section applies elects to receive a lump sum payment in lieu of his or her Pension Allowance and the provisions of paragraph (b) above are not met with respect to such Participant, the Participant will be entitled to receive his or her benefit in full provided he or she agrees to repay to the Plan any portion of the lump sum payment which would be restricted by operation of the provisions of paragraph (a), and shall provide adequate security to guarantee that repayment.

d. Notwithstanding paragraph (a) of this Section, in the event the Plan is terminated, the restriction of this Section is not applicable if the benefit payable to any highly-compensated employee and any highly-compensated former employee is limited to a benefit that is nondiscriminatory under Code Section 401(a)(4).

e. If it should subsequently be determined by statute, court decision acquiesced in by the Commissioner of Internal Revenue, or ruling by the Commissioner of Internal Revenue, that the provisions of this Section are no longer necessary to qualify the Plan under the Code, this Section shall be ineffective without the necessity of further amendment to the Plan.

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Article XI

Cost-Of-Living Adjustments

11.01 Eligibility-CECONY Participants

All Pension Allowances payable to CECONY Participants, other than a CECONY Local 3 Employee –1, under the Plan for the month of April in a calendar year which commenced prior to December 31 of the prior calendar year shall be eligible for an adjustment hereunder. In the case of an annuity payable to a Surviving Spouse of a retired CECONY Participant, other than a CECONY Local 3 Employee –1, the Surviving Spouse’s annuity shall be deemed to have commenced on the date the retired CECONY Participant’s Pension Allowance commenced. No CEI Participant or the Surviving Spouse or Beneficiary of a CEI Participant is eligible for a cost-of-living adjustment to his or her Cash Balance Account Pension Allowance.

11.02 Annual Adjustment-CECONY Participants

All eligible Pension Allowances of CECONY Participants, other than a CECONY Local 3 Employee –1, being paid from time to time under the Plan shall be increased annually by the percentage determined under Section 11.03. Such adjustment shall be made for the month of April each year and for each month thereafter, until further changed or terminated in accordance with provisions of this Plan.

11.03 Percentage of Adjustment-CECONY Participants

Each annual adjustment shall equal 75% of the percentage increase, rounded to the nearest 1/10 of one percent (0.001), in the Index specified in Section 11.05 for the preceding December over the Index for the next-preceding December; provided, however, that such annual adjustment shall not:

a. exceed 3%, or

b. be less than 0% of the eligible Pension Allowance.

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11.04 Limitation on Adjustments-CECONY Participants

No adjustment in a Pension Allowance provided under this Article XI may cause such Pension Allowance, as adjusted, to be greater than the product of (a) the amount of such Pension Allowance paid for the month of December 1986 or the later month in which the Pension Allowance commenced (“Commencement Month”), multiplied by (b) a fraction, the numerator of which shall be the Index for the December immediately preceding the month of April in which the adjustment is to be made, and the denominator of which shall be the Index for the December immediately preceding the Commencement Month. Any increase pursuant to this Article XI shall be reduced to the extent required to satisfy the limitation set forth in this Section 11.04.

11.05 Index-CECONY Participants

The Index to be used for purposes of this Article XI shall be the Consumer Price Index, All Urban Consumers – US City Average (“CPI-U”), as published by the United States Department of Labor. If at any time such Index is revised or discontinued, or if the Named Fiduciaries determine that a different index, device, or other form of measurement more accurately measures the impact of inflation on the purchasing power of retirees, the Named Fiduciaries may substitute such other index, device, or other form of measurement as they, in their discretion, determine to be appropriate.

11.06 Eligibility and Adjustment-O&R Participants

Beginning as of July 1 of the year for which the cumulative percentage change in the CPI-U, defined below, exceeds 20%, but not earlier than July 1, 1993, and as of each July 1 thereafter, the monthly Pension Allowance then being received by a retired O&R Participant, or a vested O&R Participant whose employment terminates after January 1, 1993, shall be increased by a pension benefit adjustment (“PBA”), not less than zero, determined by multiplying:

a. the gross monthly Pension Allowance as of the Annuity Starting Date, or as of June 1, 1993 for a retired O&R Participant whose Annuity Starting Date occurred prior to January 1, 1989, or in both cases such other gross monthly Pension Allowance, then being paid to the extent it is not a PBA under this Section 11.06, by

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b. a percentage (rounded to the nearest 100th of a percent) equal to 75% of the “cumulative percentage change” in the CPI-U for the year in excess of 20%, but not more than the applicable “cumulative maximum percentage,” as defined below.

c. an O&R Hourly Employee –1 is not entitled to a pension benefit adjustment. His or her Pension Allowance will be calculated and accrued without a pension benefit adjustment (cost-of-living-adjustment). The pension benefit adjustment also will not apply to the Eligible Spouse, Contingent Annuitant or Alternate Payee of an O&R Hourly Employee –1.

11.07 Eligible Spouse or Contingent Annuitant of O&R Participant

The monthly Pension Allowance being received by a Surviving Spouse, including a former spouse treated as the spouse under a QDRO, unless the QDRO provides otherwise, or a contingent annuitant under a joint and survivor annuity or contingent annuitant option with respect to a retired O&R Participant or vested O&R Participant whose employment terminates on or after January 1, 1993, shall be increased by a PBA, not less than zero, on July 1 of each year, beginning:

a. as of the July 1 coincident with or next following the spouse’s or contingent annuitant’s Annuity Starting Date if the retired O&R Participant or vested O&R Participant had previously received one or more PBAs under Section 11.06 above, or

b. as of the July 1, on or after July 1, 1993, of the year for which the “cumulative percentage change in the CPI-U” first exceeds 20%.

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11.08 Pension Benefit Adjustment Amount for Spouse or Contingent Annuitant of O&R Participant

a. The PBA for the spouse or contingent annuitant shall be calculated by multiplying the percentage in Section 11.06(ii) above, determined using the deceased Participant’s Annuity Starting Date, by the spouse’s or contingent annuitant’s gross monthly Pension Allowance as of the spouse’s or contingent annuitant’s Annuity Starting Date, or as of June 1, 1993 for a spouse or contingent annuitant whose Annuity Starting Date occurred prior to January 1, 1989, excluding any portion of such Pension Allowance which represents PBAs to the retired Participant’s or vested Participant’s Pension Allowance pursuant to Section 11.06 above.

b. The monthly O&R Surviving Spouse’s Pension Allowance, or O&R Spouse’s Death Benefit Allowance with respect to a vested O&R Participant whose employment terminates after January 1, 1993, then being received by a spouse, including a former spouse treated as the spouse under a QDRO unless the QDRO provides otherwise, shall be increased by a PBA, not less than zero, on July 1 of the year for which the “cumulative percentage change in the CPI-U” exceeds 20%, but not earlier than July 1, 1993, and as of each July 1 thereafter. The PBA shall be calculated by multiplying the percentage in Section 11.06(ii) above, determined using the spouse’s Annuity Starting Date, by the spouse’s gross monthly Pension Allowance, as of the spouse’s Annuity Starting Date, or June 1, 1993 for a spouse whose Annuity Starting Date occurred prior to January 1, 1989.

11.09 Pension Benefit Adjustment for Alternate Payee of an O&R Participant

a. The monthly Pension Allowance then being received by an alternate payee, within the meaning of ERISA Section 206(d) and Code Section 414(p), under a QDRO who does not otherwise share in an increase by reason of Section 11.06, Section 11.07 or Section 11.08 above, and is not subject to the exception in the last sentence hereof, shall be increased by a PBA, not less than zero, on each July 1 beginning

1. as of the July 1 coincident with or next following the alternate payee’s Annuity Starting Date if the QDRO is effective after the O&R Participant’s Annuity Starting Date and the O&R Participant had previously received one or more PBAs under Section 11.06 above, or

2. as of the first July 1, on or after July 1, 1993, of the year for which the “cumulative percentage change in the CPI-U” first exceeds 20%.

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b. The PBA shall be calculated by multiplying the percentage in Section 11.06(ii) above, determined using the alternate payee’s Annuity Starting Date if the QDRO is effective on or before the O&R Participant’s Annuity Starting Date and using the O&R Participant’s Annuity Starting Date if the QDRO is effective after the O&R Participant’s Annuity Starting Date, by the alternate payee’s gross monthly Pension Allowance as of the alternate payee’s Annuity Starting Date, or as of June 1, 1993 for an alternate payee whose Annuity Starting Date occurred prior to January 1, 1989, excluding any portion of such Pension Allowance which represents PBAs to the O&R Participant’s Pension Allowance pursuant to Section 11.06 above. This paragraph shall not apply if the QDRO states that the PBA shall not apply and further shall not apply in any event to any Pension Allowance paid with respect to a Vested O&R Participant whose employment terminated prior to January 1, 1993. For purposes of applying the provisions of Section 5.02(c)(3) and (4) which provide for the monthly Pension Allowance of a retired O&R Participant or vested O&R Participant to be increased after the death of the contingent annuitant, such increase, if made on a date other than a July 1, shall include the PBA which would have applied under paragraph (a) above if the retired O&R Participant or vested O&R Participant had been receiving the Pension Allowance as a single life annuity as of the immediately preceding July 1. A retired O&R Participant (including a O&R Participant who remains in service but has commenced his or her Allowance because of attainment of

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age 70-1/2) or a vested O&R Participant will be considered, for purposes of this Section only, to have multiple Annuity Starting Dates if the Pension Allowance as of the Annuity Starting Date is adjusted thereafter as a result of future Annual Compensation and Accredited Service. The initial Annuity Starting Date, which is the date as of which a Pension Allowance first begins to the retired or vested O&R Participant from the Plan, applies to the portion of the Pension Allowance attributable to Annual Compensation and Accredited Service prior to such initial Annuity Starting Date. Thereafter, each subsequent date as of which an Pension Allowance is adjusted after the initial Annuity Starting Date by reason of Annual Compensation or Accredited Service thereafter shall be considered, for purposes of this Section only, as the Annuity Starting Date with respect to the portion of the Pension Allowance attributable to Annual Compensation and Accredited Service since the previous Annuity Starting Date.

c. The terms specified below which are used in Sections 11.06, 11.07, 11.08 and 11.09 shall have the meanings set forth below, unless the context clearly dictates another meaning.

1. CPI-U means the annual average figure under the Consumer Price Index for All Urban Consumers, U.S. City Average of All Items (1982-1984=100), or its successor, as published by the United States Bureau of Labor Statistics.

2. Cumulative Percentage Change in the CPI-U for a year is calculated by dividing the difference between the CPI-U for the prior year and the CPI-U for the year prior to the year in which the applicable Annuity Starting Date occurred by the CPI-U for the year prior to the year in which the Annuity Starting Date occurred, and rounding to the nearest 100th of a percent (e.g., for purposes of determining the cumulative percentage change in the CPI-U for 1993 for a retired O&R Participant whose Annuity Starting Date occurred in 1990, subtract the CPI-U for 1989 from the CPI-U for

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1992, then divide the result by the CPI-U for 1989 and round to the nearest 100th of a percent). Notwithstanding any provisions of Sections 11.06, 11.07, 11.08 and 11.09 to the contrary, in all cases when the Annuity Starting Date occurred before January 1, 1989, the cumulative percentage change in the CPI-U for a year shall be calculated by dividing the difference between the CPI-U for the prior year and the CPI-U for 1991 by the CPI-U for 1991, rounding to the nearest 100th of a percent, and adding 20%.

3. Cumulative Maximum Percentage. For purposes of Section 11.06, Section 11.08 and, Section 11.07, if the O&R Participant had not previously received any PBA under Section 11.06, and Section 11.09, if the alternate payee’s Annuity Starting Date is used to determine the PBA, cumulative maximum percentage is 3% for the first year in which a PBA is made and for each succeeding year is 3% plus 103% of the prior year’s cumulative maximum percentage, rounded to the nearest 100th of a percent (e.g., 3% for the first year, 6.09% for the second year, 9.27% for the third year). For purposes of Section 11.06, if the O&R Participant had previously received a PBA under Section 11.06, and Section 11.09, if the Member’s Annuity Starting Date is used to determine the PBA, the maximum for the first year is 3% plus 103% of the prior year’s cumulative maximum percentage applicable to the Participant, rounded to the nearest 100th of a percent, and for each succeeding year is 3% plus 103% of the prior year’s cumulative maximum percentage, rounded to the nearest 100th of a percent.

d. Appendix L attached hereto contains sample illustrations which are intended solely to aid in the interpretation and application of the provisions of Sections 11.06, 11.07, 11.08 and 11.09.

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Article XII

401(h) Account

12.01 Establishment

Effective January 1, 1986, a “401(h) Account” was established in the CECONY Management Plan and the CECONY Weekly Plan in order to fund post-retirement medical benefits to CECONY Management Participants and CECONY Weekly Participants who meet certain criteria (and the spouses/dependents of such CECONY Participants) and who retire under the terms of this Plan, pursuant to the Retiree Health Plan. The provisions of the Retiree Health Plan previously were set forth in the CECONY Management Plan and the CECONY Weekly Plan. Effective January 1, 2001, the provisions of the Retiree Health Plan are set forth in a separate document. CECONY Participants who are or were in any prior Plan Year “key employees” (as that term is defined in Code Section 416(i)), their spouses and dependents shall not be eligible for the payment of any Retiree Health Plan benefits from the 401(h) Account.

12.02 Terms and Conditions

Effective January 1, 2001, a “401(h) Account” is established under this Plan, and the Retiree Health Plan is maintained by CECONY to provide post-retirement medical, hospital, vision care, and prescription drug benefits to certain retired CECONY Management Participants, CECONY Weekly Participants and CEI Participants who retire from CECONY (and the spouses/dependents of such Participants).

Only a CEI Participant who is a CECONY Eligible Employee, including a Local 3 member hired on and after January 1, 2010, is eligible to participate in the Retiree Health Plan. A CEI Participant who is a CECONY Eligible Employee must meet the same requirements for participation in the Retiree Health Plan as a CECONY Management Participant.

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12.03 Contributions

The 401(h) Account shall be funded by the contributions of CECONY, in its sole discretion, which shall be deposited with the Trustee. Any and all contributions made by CECONY to the 401(h) Account will be reasonable and ascertainable. Contributions to the 401(h) Account must not exceed, in the aggregate, 25% of the total annual contributions made to the Retirement Plan. CECONY may also require that Participants make contributions to the Retiree Health Plan and CECONY shall determine whether such contributions shall be deposited in the 401(h) Account or any other funding vehicle which CECONY may sponsor to fund benefits provided by the Retiree Health Plan. All such contributions to the 401(h) Account may be commingled with Plan assets for investment and custody purposes, but all contributions to the 401(h) Account and earnings thereon, if any, together with all disbursements from the 401(h) Account, shall be recorded and accounted for in one or more separate accounts relating solely to the Retiree Health Plan. If CECONY makes a contribution to the trust fund which includes amounts allocable both to the Plan and to the 401(h) Account, CECONY shall clearly specify the portion of such contribution allocable to the Plan and the portion allocable to the 401(h) Account. In the event that a Participant’s interest in the 401(h) Account is forfeited prior to termination of the Plan, an amount equal to the amount of the forfeiture shall be applied as soon as possible to reduce any contributions by CECONY to the 401(h) Account.

12.04 Use of Assets

Assets in this 401(h) Account shall be used solely for the purpose of providing retiree health benefits, in accordance with Section 12.06, for those individuals who are determined to be entitled thereto in accordance with the terms of the Retiree Health Plan and to pay any necessary or appropriate expenses attributable to the administration of the 401(h) Account. The benefits provided by

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the 401(h) Account shall be subordinate to the pension benefits provided by the Plan. No part of the corpus or income of the 401(h) Account shall be used for, or diverted to, any purposes other than the provision of health coverage at any time prior to the satisfaction of all liabilities for health coverage hereunder. Upon the satisfaction of all liabilities incurred pursuant to the Retiree Health Plan, any amount which may remain in the 401(h) Account shall be returned to CECONY by the Trustee.

12.05 Modification, Amendment, and Termination

CECONY reserves the right to modify, amend, or terminate the Retiree Health Plan at any time. The establishment and operation of the 401(h) Account does not obligate CECONY in any way to continue to maintain any health care plans of any nature or to provide post-retirement health care coverage of any kind. In the event that CECONY terminates health coverage for retirees, this Plan shall have no liability to provide further health coverage for current or future retirees, for purposes of determining the amount to be returned to CECONY under Section 12.04. No amendment, modification, or termination of the Retiree Health Plan, nor change in CECONY contributions thereunder, shall retroactively, adversely affect any Participant’s benefit under the Retiree Health Plan.

12.06 Allocation of Responsibility for Payment

Benefits under the Retiree Health Plan are provided through the 401(h) Account, through other funding mechanisms, and through contributions by covered retirees and Surviving Spouses. The amount payable from the 401(h) Account shall be determined in accordance with the provisions of Appendix E, as in effect from time to time.

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Article XIII

Return of Contributions to an O&R Participant

13.01 Vested O&R Participant

An O&R Participant who is entitled to a vested Pension Allowance, upon ceasing to be employed by the Company or an Affiliate for any cause other than death, Approved Leave of Absence, or retirement, may elect to receive in one sum within six months thereafter the amount of his or her Accumulated Contributions, if any, at the time he or she ceased to be so employed. If the present value of his or her Accumulated Contributions exceeds $5,000 or beginning for distributions after March 28, 2005, $1,000, the O&R Participant must consent and if married, his or her spouse must provide Spousal Consent to a distribution. The consent and Spousal Consent must apply to the form and the timing of the distribution.

13.02 An O&R Participant Not Vested

An O&R Participant who is not entitled to a Pension Allowance shall, upon ceasing to be employed by the Company or an Affiliate for any cause other than death, Approved Leave of Absence, or retirement under the Plan, be paid his or her Accumulated Contributions, if any, within six months after the date he or she ceases to be so employed. If the present value of his or her Accumulated Contributions exceeds $5,000 or beginning for distributions after March 28, 2005, $1,000, the O&R Participant must consent and if married, his or her spouse must provide Spousal Consent to a distribution. The consent and Spousal Consent must apply to the form and the timing of the distribution.

13.03 Death of O&R Participant

Upon receipt of proof, satisfactory to the Plan Administrator, of the death of an O&R Participant prior to his or her Annuity Starting Date, provided no other benefit is payable on his or her account, the amount of his or her Accumulated Contributions at the time of his or her death shall be payable in one sum to his or her designated beneficiary, if living, otherwise to such Participant’s legal representatives.

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13.04 Cessation of Pension Allowance

Upon the cessation of payments of the Pension Allowance or other benefit payable to or on account of an O&R Participant or the Surviving Spouse of an O&R Participant, the excess, if any, of an O&R Participant’s Accumulated Contributions at retirement or prior to death over the total benefit payments made to him or her or on his or her account shall be paid in one sum to the O&R Participant’s beneficiary, if living, otherwise to the legal representatives of the person last in receipt of such Pension Allowance or other benefit.

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Article XIV

Domestic Partner Benefits

14.01 Domestic Partner Benefits: In General

a. Effective January 1, 2008, Participants may elect one or both Pre-retirement Domestic Partner Survivor Benefit Coverage or Post-retirement Domestic Partner Survivor Benefit Coverage (in the aggregate, “Spousal Benefit Survivor Coverage).

b. In order to elect Domestic Partner Survivor Benefit Coverage, the Participant and his or her Domestic Partner must register their domestic partnership on a form provided and approved by the Plan Administrator. The requirements are subject to change from time to time by the Plan Administrator. Changes will be applied prospectively.

14.02 Pre–Retirement Domestic Partner Survivor Annuity Coverage

a. The Pre-retirement Domestic Partner Survivor Annuity is payable as a 50% survivor annuity to the Surviving Domestic Partner. The survivor annuity will equal 50% of what the Participant would have received had he or she retired rather than died on his or her date of death and began receiving his or her Pension Allowance on the first day of the month following his or her death. In determining what the Participant would have received had he or she retired rather than died, a reduction occurs to the Pension Allowance to take into account the Pre-retirement Domestic Partner Survivor Annuity coverage.

b. This provision applies if the Participant elected a Pre-retirement Domestic Partner Survivor Annuity and had less than 75 points on the first day of the month immediately preceding the month in which he or she dies. If so, his or her Surviving Domestic Partner may elect, instead of the 50% survivor annuity, to take his or her Pre-retirement Domestic Partner Survivor Annuity in a lump sum payment.

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c. If the Participant elects a Pre-retirement Domestic Partner Survivor Annuity, his or her accrued Pension Allowance is reduced to pay for the survivor benefit coverage. If the Participant dies before his or her Pension Allowance commences, the reduction occurs at the time the Pension Allowance is paid to the Surviving Domestic Partner as a Pre-retirement Domestic Partner Survivor Annuity.

d. If the Participant survives until the date his or her pension allowance commences, his or her Pension Allowance will be reduced to pay for the survivor benefit coverage.

e. When making an election for the Pre-retirement Domestic Partner Survivor Annuity, the Participant and his or her Domestic Partner must consent to and acknowledge that the Participant’s Pension Allowance will be reduced.

14.03 Post-retirement Domestic Partner Survivor Benefit Coverage

a. A Participant may elect a Post-retirement Domestic Partner Survivor Benefit. The Post–retirement Domestic Partner Survivor Benefit requires a reduction to the Participant’s Pension Allowance.

b. The Post–retirement Domestic Partner Survivor Benefit is payable as a 50% joint and survivor annuity. The Domestic Partner is the contingent annuitant who, if the Participant predeceases the Domestic Partner, will receive a single life annuity payable monthly. The single life annuity is equal to 50% of what the Participant was receiving as of the date of his or her death.

c. The Participant may elect an optional form of benefit for his or her Post–retirement Domestic Partner Survivor Benefit. She or he may elect a 12 year certain and life annuity, a 100% joint and survivor benefit without a pop-up, a 100% joint and survivor annuity with a pop-up, a 75% joint and survivor benefit without a pop-up and a 75% joint and survivor benefit with a pop-up. In each case, his or her Domestic Partner will be named as the annuitant.

d. When making an election for the Post-retirement Domestic Partner Survivor Annuity, the Participant and his or her Domestic Partner must consent to and acknowledge that the Participant’s Pension Allowance will be reduced.

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14.04 Termination of Domestic Partnership

a. The Participant will notify, in writing, the Plan Administrator within 60 days of the earliest of (a) the death of the Participant’s Domestic Partner or (b) the date on which any of the criteria of a Domestic Partner relationship is no longer met. The effective date of the end of the Domestic Partner relationship is the earliest of: (a) the death of my Domestic Partner or (b) the date on which the Participant files a Statement of Disenrollment, Death or Termination of Domestic Partner with the Company’s Plan Administrator or designated representative.

b. Once a Participant elects a Pre-retirement Domestic Partner Survivor Annuity, it remains in effect until the Participant notifies the Plan Administrator of the death of his or her Domestic Partner or the termination of the relationship.

c. If a Participant files a written notice of the death of his or her Domestic Partner or the termination of the relationship, she or he must wait 6 months following such notice to name another Domestic Partner. The 6 month waiting period is waived if the Participant provided notice of termination of the relationship and then wants to name the same person again as his or her Domestic Partner.

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Article XV

Section 436 Limitations

15.01 Limitations Applicable If the Plan’s Adjusted Funding Target Attainment Percentage Is Less Than 80 Percent or If the Plan Sponsor Is In Bankruptcy

Notwithstanding any other provisions of the Plan, if the Plan’s adjusted funding target attainment percentage (“AFTAP”) for a Plan Year is less than 80 percent (or would be less than 80 percent to the extent described in Section (b) below) but is not less than 60 percent, then the limitations set forth in this Section 15.01 apply.

a. 50 Percent Limitation on Single Sum Payments, Other Accelerated Forms of Distribution, and Other Prohibited Payments A Participant or Beneficiary is not permitted to elect, and the Plan shall not pay, a single sum payment or other optional form of benefit that includes a Prohibited Payment with an Annuity Starting Date on or after the applicable Section 436 Measurement Date, and the Plan shall not make any payment for the purchase of an irrevocable commitment from an insurer to pay benefits or any other payment or transfer that is a Prohibited Payment, unless the present value of the portion of the Pension Allowance that is being paid in a Prohibited Payment does not exceed the lesser of:

i. 50 percent of the present value of the benefit payable in the optional form of benefit that includes the Prohibited Payment; or

ii. 100 percent of the PBGC maximum benefit guarantee amount (as defined in § 1.436-1 (d)(3)(iii)(C) of the Treasury Regulations).

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The limitation set forth in this Section 15.01(a) does not apply to any payment of a benefit which under Code § 411(a)(11) may be immediately distributed without the consent of the Participant. If an optional form of benefit that is otherwise available under the terms of the Plan is not available to a Participant or Beneficiary as of the Annuity Starting Date because of the application of the requirements of this Section 15.01(a), the Participant or Beneficiary is permitted to elect to bifurcate the benefit into unrestricted and restricted portions (as described in § 1.436-1(d)(3)(iii)(D) of the Treasury Regulations). The Participant or Beneficiary may also elect any other optional form of benefit otherwise available at that Annuity Starting Date that would satisfy the 50 percent/PBGC maximum benefit guarantee amount limitation described in this Section 15.01 (a), or may elect to defer the Pension Allowance in accordance with any general right to defer commencement under the Plan.

b. Plan Amendments Increasing Liability for Benefits No amendment that has the effect of increasing liabilities by reason of increases in benefits, establishment of new benefits, changing the rate of benefit accrual, or changing the rate at which benefits become nonforfeitable shall take effect in a plan year if the AFTAP for the plan year is:

i. Less than 80 percent; or

ii. 80 percent or more, but would be less than 80 percent if the benefits attributable to the amendment were taken into account in determining the AFTAP.

The limitation set forth in this Section 15.01 (b) does not apply to any amendment that provides a benefit increase under a plan formula that is not based on compensation, provided that the rate of such increase does not exceed the contemporaneous rate of increase in the average wages of participants covered by the amendment.

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15.02 Limitations Applicable If the Plan’s AFTAP Is Less Than 60 Percent (or would be less than 60 percent to the extent described in below)

a. Single Sums, Other Accelerated Forms of Distribution, and Other Prohibited Payments Not Permitted. A Participant or Beneficiary is not permitted to elect, and the Plan shall not pay, a single sum payment or other optional form of benefit that includes a Prohibited Payment with an Annuity Starting Date on or after the applicable section 436 measurement date, and the Plan shall not make any payment for the purchase of an irrevocable commitment from an insurer to pay benefits or any other payment or transfer that is a Prohibited Payment. The limitation set forth in this Section 2(a) does not apply to any payment of a benefit which under Code § 411(a)(11) may be immediately distributed without the consent of the Participant.

b. Shutdown Benefits and Other Unpredictable Contingent Event Benefits Not Permitted to Be Paid An unpredictable contingent event benefit with respect to an unpredictable contingent event occurring during a plan year shall not be paid if the AFTAP for the plan year is:

i. Less than 60 percent; or

ii. 60 percent or more, but would be less than 60 percent if the AFTAP were redetermined applying an actuarial assumption that the likelihood of occurrence of the unpredictable contingent event during the plan year is 100 percent.

c. Benefit Accruals Frozen. Benefit accruals shall cease as of the applicable section 436 Measurement Date. In addition, if the Plan is required to cease benefit accruals, then the Plan is not permitted to be amended in a manner that would increase the liabilities of the plan by reason of an increase in benefits or establishment of new benefits.

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15.03 Limitations Applicable If the Plan Sponsor Is In Bankruptcy

Notwithstanding any other provisions of the Plan, a Participant or Beneficiary is not permitted to elect, and the Plan shall not pay, a single sum payment or other optional form of benefit that includes a Prohibited Payment with an Annuity Starting Date that occurs during any period in which the plan sponsor is a debtor in a case under title 11, United States Code, or similar Federal or State law, except for payments made within a plan year with an Annuity Starting Date that occurs on or after the date on which the Plan’s enrolled actuary certifies that the AFTAP for that plan year is not less than 100 percent. In addition, during such period in which the plan sponsor is a debtor, the Plan shall not make any payment for the purchase of an irrevocable commitment from an insurer to pay benefits or any other payment or transfer that is a Prohibited Payment, except for payments that occur on a date within a plan year that is on or after the date on which the plan’s enrolled actuary certifies that the AFTAP for that plan year is not less than 100 percent. The limitation set forth in this Section does not apply to any payment of a benefit which under § 411(a)(11) of the Internal Revenue Code may be immediately distributed without the consent of the participant.

15.04 Provisions Applicable After Limitations Cease to Apply.

a. Resumption of Prohibited Payments If a limitation on a Prohibited Payment under Section 15.01(a), Section 15.02(a), or Section 15.03 applied to the Plan as of a Section 436 Measurement Date, but that limit no longer applies as of a later Section 436 Measurement Date, then that limitation does not apply to benefits with Annuity Starting Dates that are on or after that later Section 436 Measurement Date.

b. Resumption of Benefit Accruals If a limitation on benefit accruals under Section 15.02(c) applied as of a Section 436 Measurement Date, but that limitation no longer applies as of a later Section 436 Measurement Date, then benefit accruals shall resume prospectively and that limitation does not apply to benefit accruals that

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are based on service on or after that later Section 436 Measurement Date, except as otherwise provided under the Plan. The Plan shall comply with the rules relating to partial years of participation and the prohibition on double proration under Department of Labor regulation 29 CFR § 2530.204-2(c) and (d).

c. Shutdown and Other Unpredictable Contingent Event Benefits If an unpredictable contingent event benefit with respect to an unpredictable contingent event that occurs during the plan year is not permitted to be paid after the occurrence of the event because of the limitation of Section 15.02(b), but is permitted to be paid later in the same plan year (as a result of additional contributions or pursuant to the enrolled actuary’s certification of the AFTAP for the plan year that meets the requirements of § 1.436-1(g)(5)(ii)(B) of the Treasury Regulations), then that unpredictable contingent event benefit shall be paid, retroactive to the period that benefit would have been payable under the terms of the plan (determined without regard to Section 15.02(b)). If the unpredictable contingent event benefit does not become payable during the plan year in accordance with the preceding sentence, then the plan is treated as if it does not provide for that benefit.

15.05 Treatment of Plan Amendments That Do Not Take Effect

If a plan amendment does not take effect as of the effective date of the amendment because of the limitation of Section 15.01(b) or Section 15.02(c), but is permitted to take effect later in the same plan year (as a result of additional contributions or pursuant to the enrolled actuary’s certification of the AFTAP for the plan year that meets the requirements of § 1.436-1(g)(5)(ii)(C) of the Treasury Regulations), then the plan amendment must automatically take effect as of the first day of the plan year (or, if later, the original effective date of the amendment). If the plan amendment cannot take effect during the same plan year, then it shall be treated as if it were never adopted, unless the plan amendment provides otherwise.

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15.06 Interpretation of Provisions

The limitations imposed by this section of the plan shall be interpreted and administered in accordance with § 436 of the Internal Revenue Code and § 1.436-1 of the Treasury Regulations.

15.07 PPA Rules Relating to Funding

In accordance with Code Section 401(a)(29), the Plan shall be subject to the benefit limitations described herein, to the extent such provisions apply to the Plan at the relevant time.

15.08 Special Definitions

a. Adjusted Funding Target Attainment Percentage means for any Plan Year a fraction (expressed as a percentage) the numerator of which is the Adjusted Plan Assets and the denominator of which is the Adjusted Funding Target. Adjusted Plan assets equals the value of Plan assets, decreased by the Plan’s funding standard carryover balance and prefunding balance and increased by the aggregate amount of purchases of annuities for Participants and Beneficiaries (other than participants who, at the time of the purchase, were highly compensated employees) which were made by the Plan during the preceding 2 plan years, to the extent not included in assets under Code Section 430.

b. Funding target attainment percentage means for a plan year a fraction (expressed as a percentage)—

(A) The numerator of which is the value of plan assets for the Plan Year (determined under the rules of § 1.430(g)-1) after subtraction of the prefunding balance and the funding standard carryover balance under Code Section 430(f)(4)(B) and § 1.430(f)-1(c); and (B) the denominator of which is the funding target of the Plan for the Plan Year (determined without regard to the at-risk rules of Code Section 430(i) and § 1.430(i)-1).

c. Section 436 Measurement Date means the date that stops or starts the application of the Code Sections 436(d) and 436(e) Limitations. The Section 436

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The Consolidated Edison Retirement Plan – Part I

Measurement Date is also used for calculations with respect to applying the limitations of Code Sections 436(b) and 436(c). The date of the enrolled actuary’s certification of the AFTAP for the Plan Year is a Section 436 Measurement Date if it is made during the Plan Year. A Section 436 Measurement Date also occurs where there is a change in the Plan’s presumed AFTAP under the presumption rules of Code Section 436(h).

d. Code Section 436 Restrictions means restrictions against increased benefit accruals, Pension Allowances paid in restricted optional forms, and restrictions against plan amendments that increase benefits. Code Section 436 Restrictions apply if the Adjusted Funding Target Attainment Percentage drops below certain levels.

e. Prohibited Payment means: (i) any payment in excess of the monthly amount paid under a single life annuity, plus any social security supplements that are provided, to a Participant or Beneficiary, whose ASD occurs during any period that a Code Section 436 Restriction is in effect; (ii) any payment for the purchase of an irrevocable commitment from an insurer to pay benefits; (iii) any transfer of assets and liabilities to another plan maintained by the same employer that is made in order to avoid or terminate the application of Code Section 436 Restriction; and (iv) any other amount that is identified as a Prohibited Payment by the Commissioner in revenue rulings and procedures, notices, and other guidance published in the Internal Revenue Bulletin.

190

THE

CONSOLIDATED

EDISON

RETIREMENT

PLAN

Part II (a)

i

Subject to the Following Amendments and Clarifications:

• Clarified on May 2, 2002;

• Amended December 13, 2001;

• Amended April 2003 In Accordance with IRS Issuance of Favorable Determination Letter;

• Amended August 2004 for 2004 Agreement Between Local Union 503 of the International Brotherhood of Electrical Workers, AFLO-CIO and O&R;

• Amended August 2004 for O&R Management Employees Changes Concurrent with O&R Hourly Employees;

• Amended August 2004 for the 2004-2008 Collective Bargaining Agreement Between Consolidated Edison Company of New York, Inc and Local 1-2 of the Utility Workers Union of America, AFL-CIO;

• Amended July 2004 to Update Factors - O&R Optional Forms;

• Amended and Restated November 2004 for Miscellaneous Changes;

• Amended September 2005 for the 2005-2009 Collective Bargaining Contract Between Consolidated Edison Company of New York, Inc. and Local Union No. 3 of the International Brotherhood of Electrical Workers, AFL-CIO;

• Amended November 2008 In Accordance with the September 23, 2008 IRS Favorable Determination Letter;

• Restated as of January 31, 2007 in Accordance with Revenue Procedure 2005-66 and Notice 2005-101;

ii

• The January 2007 Restatement Reflects Changes Under EGTRRA, with Technical Corrections Made by the (i) Job Creation and Worker Assistance Act of 2002 (JCWAA), (ii) the Pension Funding Equity Act of 2004 (PFEA), and (iii) the American Jobs Creation Act of 2004 (AJCA);

• Amended December 2008 for (i) Domestic Partner Benefits, (ii) Accelerated Vesting for Cash Balance and (iii) 75% QJSA Option;

• Amended December 2008 for the 2008-2012 Collective Bargaining Contract Between Consolidated Edison Company of New York, Inc. and Local 1-2 of the Utility Workers Union of America, AFL-CIO;

• Amended December 2008 for a Special Pension Accrual for CECONY Management Employees;

• Amended in 2011 for Submission to the IRS for a Favorable Determination Letter Under Revenue Procedure 2011-6, Taking Into Account: (i) the Pension Protection Act of 2006 (PPA ‘06), (ii) the U.S. Troop Readiness, Veterans’ Care, Katrina Recovery, and Iraq Accountability Appropriations Act, 2007, (iii) the Heroes Earnings Assistance and Relief Tax Act of 2008 (HEART Act), (iv) the Worker, Retiree, and Employer Recovery Act of 2008 (WRERA), and (v) the Small Business Jobs Act of 2010 (SBJA).

• Amended December 12, 2012 Taking Into Account the Following: (1) Changes Resulting from Total Rewards; (2) Changes to the Named Fiduciaries Structure; (3) Changes Resulting from the 2012 – 2016 Collective Bargaining Contract Between Local 1-2 and CECONY; (4) Changes to the Suspension of Benefits Rule; and (5) Administrative and Operational Changes.

iii

APPENDICES

TABLE OF CONTENT

	Name of Appendix	Page
Appendix A      -	Actuarial Factors
Subappendix A –1	Actuarial Factors for CECONY Participants
Subappendix A –2	Actuarial Factors for O&R Participants
Subappendix A –3	Actuarial Factors for CEI Participants
Suappendix A -4	Actuarial Factors for Domestic Partner Benefits
Appendix B      -	Employers	B-1
Appendix C      -	Provisions Applicable to O&R Participants Transferred to or Hired by CECONY or a CEI Affiliate	C-1 to C-4
Appendix D      -	Provisions Applicable to Participants Employed at Facilities Purchased From Western Massachusetts Electric Company	D-1 to D-2
Appendix E      -	Determination of Amounts Payable from 401(h) Account	E-1 to E-2
Appendix F	Normal Retirement Benefit Formulas	F-
Appendix G      -	Special Pension Adjustment	G
Appendix H      -	Provisions Applicable to CECONY Participants at Fossil-Fueled Divested Operations	H-1 to H-2
Appendix I        -	Provisions Applicable to O&R Participants under O&R’s Pension Protection Program	I-1 to I-9
Attachments to I	Summary of Pension Allowances to be Provided by O&R to Employees Affected By the Southern Energy Divestiture	I-10 to I-14

iv

Appendix J       -	Provisions Applicable to Affected Indian Point (IP) Employees	J-1 to J-2
Appendix K      -	Provision Applicable to Voluntary Retirement Incentive – Support Organizations Program	K-1 to K-7
Appendix L      -	Sample Illustrations of O&R PBA	L-1 to L-3
Appendix M	Provisions Applicable to Participants Employed at the Lakewood Plant	M-1
Appendix N	List of Annual Incentive Plans Approved By the Plan Administrator

v

APPENDICES

APPENDIX A

Actuarial Factors

Subappendix A – 1 Actuarial Factors Applicable to CECONY Participants

Tables A to M – 2 provide the actuarial factors that are applied for calculating and computing Pension Allowances for CECONY Management Participants and CECONY Weekly Participants, and, when applicable, to CECONY Weekly Employees –1.

Tables A to M-2 provide the actuarial factors that are applied for calculating and computing Pension Allowances for CECONY Management Participants, CECONY Weekly Participants, CECONY Weekly Participants-1, and, effective January 1, 2013, CECONY Management Participants Tier 1.

Tables A-H Apply to

CECONY Management Participants, CECONY Weekly Participants,

And, When Explicitly Indicated, CECONY Weekly Participants-1 and

Effective January 1, 2013, CECONY Management Participants Tier 1.

A	Early Retirement Discount Factors: All CECONY Participants whether married or single other than:
		i.	Effective January 1, 2013, A CECONY Management Participant Tier 1 – only on his or her Pre 2013 Accrued Benefit
A-2	Early Retirement Discount Factors for a CECONY Management Participant with 75 Points:
		i.	Effective January 1, 2013, A CECONY Management Participant Tier 1 – only on his or her Post 2012 Accrued Benefit
B	Conversion from Single Life to Twelve Year Certain and Life Annuity Conversion Factors Applies to:
		i	All single (unmarried) CECONY Participants
		ii	All married CECONY Weekly Participants-1 who choose to waive the spousal death benefit and elect a non spouse beneficiary
		iii	Effective January 1, 2013, a married CECONY Management Participant Tier 1 – only on his or her Post 2012 Accrued Benefit
C	Conversion From 50% Joint & Survivor to Twelve Year Certain With 50% Joint & Survivor Not Applicable to
		i	CECONY Weekly Participants –1
		ii	Effective January 1, 2013, a married CECONY Management Participant Tier 1 – does not apply on his or her Post 2012 Accrued Benefit

1

APPENDICES

	Early Retirement Factors – Excess Formula Applicable only to CECONY Management Participants
E	Conversion From 50% Joint & Survivor to 100% Joint & Survivor – Not Applicable to
		i	CECONY Weekly Participants-1
		ii	Effective January 1, 2013, a married CECONY Management Participant Tier 1 – does not apply to his or her Post 2012 Accrued Benefit
F	Conversion From 50% Joint & Survivor to 100% Joint & Survivor With Pop-Up - Not Applicable to
		i	CECONY Weekly Participants-1
		ii	Effective January 1, 2013, a married CECONY Management Participant Tier 1 – does not apply to his or her Post 2012 Accrued Benefit
G	Table G – Factor for Level Income All CECONY Participants whose Distributions Begin Before January 1, 2005 – is no longer applicable because it applied to distributions before January 1, 2005. See prior Retirement Plan for historical factors. Table G has been updated in the Plan at Article V
H -1	75% Joint and Survivor Annuity Without Pop-Up Option factors applicable to CECONY Participants only Not applicable to
		i	CECONY Weekly-1 Participants
		ii	CEI Participants
		iii	Effective January 1, 2013, a married CECONY Management Participant Tier 1 – does not apply to his or her Post 2012 Accrued Benefit
H-2	75% Joint and Survivor Annuity With Pop-Up Option factors applicable to CECONY Participants only Not applicable to
		i	CECONY Weekly-1 Participants
		ii	CEI Participants
		iii	Effective January 1, 2013, a married CECONY Management Participant Tier 1 – does not apply to his or her Post 2012 Accrued Benefit

2

APPENDICES

Tables I to M-2 Apply to Only to

CECONY Weekly Participants-1

Effective January 1, 2013, a CECONY Management Participant Tier 1 – only to his or her Post 2012 Accrued Benefit

And, for M-1 and M-2, CEI Participants

I	Conversion From Single Life to Twelve Year Certain with 50% Joint & Survivor without Pop-Up
J	Conversion from Single Life to 100% Joint and Survivor without Pop-Up
K	Conversion from Single Life to 100% Joint and Survivor with Pop-Up
L	Conversion from Single Life to 50% Joint and Survivor without Pop-Up
M -1	Option factors applicable to a CEI Participant, a CECONY Weekly-1 Participant, and effective January 1, 2013, a CECONY Management Participant Tier 1 – apply only to his or her Post 2012 Accrued Benefit 75% Joint and Survivor Annuity Without Pop-Up
M - 2	Option factors applicable to a CEI Participant, a CECONY Weekly-1 Participant, and effective January 1, 2013, a CECONY Management Participant Tier 1 – applies only to his or her Post 2012 Accrued Benefit 75% Joint and Survivor Annuity With Pop-Up

3

APPENDICES

Subappendix A –2 O&R Participants

Actuarial Factors Applicable to O&R Participants

Tables A to F provide the actuarial factors that are applied for calculating and computing Pension Allowances for O&R Management Participants and O&R Hourly Participants who begin the distribution of their Pension Allowance before July 1, 2004. Tables G to L provide the actuarial factors that are applied for calculating and computing Pension Allowances for O&R Management Participants and O&R Hourly Participants who begin their distribution of their Pension Allowance after July 1, 2004.

Tables A to F – No Longer Applicable

O&R Participants who begin distribution on or before July 1, 2004 –

Replaced with New Tables, Below

A	Joint and 100% Survivor Option Factors without Pop-Up—Table A is no longer applicable because it applied to who begin distribution on or before July 1, 2004. See prior Retirement Plan for historical factors. See updated Tables, below.
B	Joint and 50% Survivor Option Factors without Pop-Up —Table B is no longer applicable because it applied to who begin distribution on or before July 1, 2004. See prior Retirement Plan for historical factors. See updated Tables, below.
C	Joint and 100% Survivor Option with Pop-Up Factors —Table C is no longer applicable because it applied to who begin distribution on or before July 1, 2004. See prior Retirement Plan for historical factors. See updated Tables, below.
D	Joint and 50% Survivor Option With Pop-Up Factors—Table D is no longer applicable because it applied to who begin distribution on or before July 1, 2004. See prior Retirement Plan for historical factors. See updated Tables, below.
E	Reduction Factors For Vested Participant Spouse’s Allowance Coverage. See prior Retirement Plan for historical factors. See updated Tables, below.
F	Interest Rates and Mortality Tables. See prior Retirement Plan for historical factors. See updated Tables, below.

1

APPENDICES

Tables G to L apply to

O&R Participants who begin distribution on and after July 1, 2004

G	Joint and 100% Survivor Option Factors without Pop-Up
H	Joint and 50% Survivor Option Factors without Pop-Up
I	Joint and 100% Survivor Option with Pop-Up Factors
J	Joint and 50% Survivor Option With Pop-Up Factors
K	Reduction Factors For Vested Participant Spouse’s Allowance Coverage
L	Interest Rates and Mortality Tables
M 1	Joint and 75% Survivor Option Without Pop-Up Factors – Effective January 1, 2008
M-2	Joint and 75% Survivor Option With Pop-Up Factors – Effective January 1, 2008

1

APPENDICES

Sub appendix A –3 CEI Participants

Actuarial Factors Applicable to CEI Participants

Tables A to E provide the actuarial factors that are applied for calculating and computing Pension Allowances for CEI Participants.

Table	Title
A	Twelve Year Certain and Life Annuity Conversion Factors
B	100% Joint and Survivor Annuity, without Pop-Up, Conversion Factors
C	100% Joint and Survivor Annuity with Pop-Up Conversion Factors
D	50% Joint and Survivor Annuity without Pop-Up Conversion Factors
See M -1 CEONY Weekly – 1 Applies	Option factors applicable to CEI Participants – 75% Joint and Survivor Annuity Without Popup – Same factors as CECONY Weekly -1
See M -2 CEONY Weekly – 1 Applies	Option factors applicable to CEI Participants and CECONY Weekly – 1 Participants – 75% Joint and Survivor Annuity With Popup – Same factors as CECONY Weekly -1

1

APPENDICES

Sub appendix A –4 Domestic Partner Benefits

Actuarial Factors Applicable to Domestic Partner Benefits

This subappendix applies to Domestic Partner benefits including a pre –retirement domestic partner survivor annuity and a post-retirement domestic partner survivor annuity benefit.

1

APPENDICES

Sub-Appendix A.1

Table A-1

Early Retirement Discount Factors

To be applied to a CECONY Participant with 75 points

Except for the Post 2012 Accrued Benefit for a CECONY Management Participant Tier 1

Applied To The Participant’s Accrued Pension For Retirements Prior To

Attainment Of A CECONY Participant’s Sixtieth Birthday

The Actual Date Of Retirement

Months Prior age 60		Age			Discount Factor		Months Prior to age 60		Age			Discount Factor		Months Prior to age 60		Age			Discount Factor		Months Prior to age 60		Age			Discount Factor		Months Prior to age 60		Age			Discount Factor
	1					0.99875		37					0.95375		73					0.54100		109					0.43400		145					0.36200
	2					0.99750		38					0.95250		74					0.53800		110					0.43200		146					0.36000
	3					0.99625		39					0.95125		75					0.53500		111					0.43000		147					0.35800
	4					0.99500		40					0.95000		76					0.53200		112					0.42800		148					0.35600
	5					0.99375		41					0.94875		77					0.52900		113					0.42600		149					0.35400
	6					0.99250		42					0.94750		78					0.52600		114					0.42400		150					0.35200
	7					0.99125		43					0.94625		79					0.52300		115					0.42200		151					0.35000
	8					0.99000		44					0.94500		80					0.52000		116					0.42000		152					0.34800
	9					0.98875		45					0.94375		81					0.51700		117					0.41800		153					0.34600
	10					0.98750		46					0.94250		82					0.51400		118					0.41600		154					0.34400
	11					0.98625		47					0.94125		83					0.51100		119					0.41400		155					0.34200
	12		(59	)		0.98500		48		(56	)		0.94000		84		(53	)		0.50800		120		(50	)		0.41200		156		(47	)		0.34000
	13					0.98375		49					0.93875		85					0.50500		121					0.41000		157					0.33800
	14					0.98250		50					0.93750		86					0.50200		122					0.40800		158					0.33600
	15					0.98125		51					0.93625		87					0.49900		123					0.40600		159					0.33400
	16					0.98000		52					0.93500		88					0.49600		124					0.40400		160					0.33200
	17					0.97875		53					0.93375		89					0.49300		125					0.40200		161					0.33000
	18					0.97750		54					0.93250		90					0.49000		126					0.40000		162					0.32800
	19					0.97625		55					0.93125		91					0.48700		127					0.39800		163					0.32600
	20					0.97500		56					0.93000		92					0.48400		128					0.39600		164					0.32400
	21					0.97375		57					0.92875		93					0.48100		129					0.39400		165					0.32200
	22					0.97250		58					0.92750		94					0.47800		130					0.39200		166					0.32000
	23					0.97125		59					0.92625		95					0.47500		131					0.39000		167					0.31800
	24		(58	)		0.97000		60		(55	)		0.92500		96		(52	)		0.47200		132		(49	)		0.38800		168		(46	)		0.31600
	25					0.96875		61					0.57700		97					0.46900		133					0.38600		169					0.31400
	26					0.96750		62					0.57400		98					0.46600		134					0.38400		170					0.31200
	27					0.96625		63					0.57100		99					0.46300		135					0.38200		171					0.31000
	28					0.96500		64					0.56800		100					0.46000		136					0.38000		172					0.30800
	29					0.96375		65					0.56500		101					0.45700		137					0.37800		173					0.30600
	30					0.96250		66					0.56200		102					0.45400		138					0.37600		174					0.30400
	31					0.96125		67					0.55900		103					0.45100		139					0.37400		175					0.30200
	32					0.96000		68					0.55600		104					0.44800		140					0.37200		176					0.30000
	33					0.95875		69					0.55300		105					0.44500		141					0.37000		177					0.29800
	34					0.95750		70					0.55000		106					0.44200		142					0.36800		178					0.29600
	35					0.95625		71					0.54700		107					0.43900		143					0.36600		179					0.29400
	36		(57	)		0.95500		72		(54	)		0.54400		108		(51	)		0.43600		144		(48	)		0.36400		180		(45	)		0.29200

Exact ages shown in parenthesis

2

APPENDICES

Sub appendix A. 1

TABLE B –

Conversion from Single Life to Twelve Year Certain

And Life Annuity Conversion Factors

Age	Factor
45		0.9948
46		0.9942
47		0.9935
48		0.9927
49		0.9919
50		0.9911
51		0.9901
52		0.9891
53		0.9880
54		0.9868
55		0.9854
56		0.9838
57		0.9820
58		0.9800
59		0.9776
60		0.9748
61		0.9716
62		0.9679
63		0.9637
64		0.9589
65		0.9535
66		0.9474
67		0.9405
68		0.9329
69		0.9243
70		0.9148

Age	Factor
71		0.9042
72		0.8925
73		0.8796
74		0.8654
75		0.8499
76		0.8332
77		0.8154
78		0.7966
79		0.7770
80		0.7566
81		0.7354
82		0.7138
83		0.6915
84		0.6688
85		0.6457
86		0.6220
87		0.5978
88		0.5733
89		0.5485
90		0.5236
91		0.4989
92		0.4742
93		0.4497
94		0.4254
95		0.4016

Basis: GATT GAM (1983 GAM with Margins Weighted 50% male and 50% female) 7.50%

Effective Date: January 1, 1995

3

APPENDICES

Sub appendix A. 1

TABLE C

Conversion From 50% Joint & Survivor to

Twelve Year Certain With 50% Joint & Survivor

CECONY Management Participants and CECONY Weekly Participants

Not Applicable to CECONY Weekly Participants –1

Beneficiary’s Age At Pensioner’s Retirement

PENSIONER WHOSE RETIREMENT AGE IS:

Beneficiary’s Age At Pensioner’s Retirement

20

21

22

23

24

25

26

27

28

29

30

31

32

33

354

35

20

*

*

*

*

*

*

*

*

*

*

*

*

.999

.999

.999

.999

20

21

*

*

*

*

*

*

*

*

*

*

*

*

.999

.999

.999

.999

21

22

*

*

*

*

*

*

*

*

*

*

*

*

.999

.999

.999

.999

22

23

*

*

*

*

*

*

*

*

*

*

*

*

.999

.999

.999

.999

23

24

*

*

*

*

*

*

*

*

*

*

*

*

.999

.999

.999

.999

24

25

*

*

*

*

*

*

*

*

*

*

*

*

.999

.999

.999

.999

25

26

*

*

*

*

*

*

*

*

*

*

*

*

.999

.999

.999

.999

26

27

*

*

*

*

*

*

*

*

*

*

*

*

.999

.999

.999

.999

27

28

*

*

*

*

*

*

*

*

*

*

*

*

.999

.999

.999

.999

28

29

*

*

*

*

*

*

*

*

*

*

*

*

.999

.999

.999

.999

29

30

*

*

*

*

*

*

*

*

*

*

*

*

.999

.999

.999

.999

30

31

*

*

*

*

*

*

*

*

*

*

*

*

.999

.999

.999

.999

31

32

*

*

*

*

*

*

*

*

*

*

*

*

.999

.999

.999

.999

32

33

*

*

*

*

*

*

*

*

*

*

*

*

.999

.999

.999

.999

33

34

*

*

*

*

*

*

*

*

*

*

*

*

.999

.999

.999

.999

34

35

*

*

*

*

*

*

*

*

*

*

*

*

.999

.999

.999

.999

35

36

*

*

*

*

*

*

*

*

*

*

*

*

.999

.999

.999

.999

36

37

*

*

*

*

*

*

*

*

*

*

*

*

.999

.999

.999

.999

37

38

*

*

*

*

*

*

*

*

*

*

*

*

.999

.999

.999

.999

38

39

*

*

*

*

*

*

*

*

*

*

*

*

.999

.999

.999

.999

39

40

*

*

*

*

*

*

*

*

*

*

*

*

.999

.999

.999

.999

40

41

*

*

*

*

*

*

*

*

*

*

*

*

.999

.999

.999

.999

12

42

*

*

*

*

*

*

*

*

*

*

*

*

.999

.999

.999

.999

42

43

*

*

*

*

*

*

*

*

*

*

*

*

.999

.999

.999

.999

43

44

*

*

*

*

*

*

*

*

*

*

*

*

.999

.999

.999

.999

44

45

*

*

*

*

*

*

*

*

*

*

*

*

.999

.999

.999

.999

45

46

*

*

*

*

*

*

*

*

*

*

*

*

.999

.999

.999

.999

46

47

*

*

*

*

*

*

*

*

*

*

*

*

.999

.999

.999

.999

47

48

*

*

*

*

*

*

*

*

*

*

*

*

.999

.999

.999

.999

48

49

*

*

*

*

*

*

*

*

*

*

*

*

.999

.999

.999

.999

49

50

*

*

*

*

*

*

*

*

*

*

*

*

.999

.999

.999

.999

50

51

*

*

*

*

*

*

*

*

*

*

*

*

.999

.999

.999

.999

51

52

*

*

*

*

*

*

*

*

*

*

*

*

.999

.999

.999

.999

52

53

*

*

*

*

*

*

*

*

*

*

*

*

.999

.999

.999

.999

53

54

*

*

*

*

*

*

*

*

*

*

*

.999

.999

.999

.999

.999

54

20

21

22

23

24

25

26

27

28

29

30

31

32

33

34

35

PENSIONER WHOSE RETIREMENT AGE IS:        * =            1.000                                         INTEREST - 7.5000%

PENSIONER’S MORTALITY - SPECIAL PENSIONER MORTALITY TABLE

BENEFICIARY’S MORTALITY - SPECIAL PENSIONER MORTALITY TABLE

4

APPENDICES

Sub appendix A. 1

TABLE C

Conversion From 50% Joint & Survivor to

Twelve Year Certain With 50% Joint & Survivor

CECONY Management Participants and CECONY Weekly Participants

Not Applicable to CECONY Weekly Participants –1

Beneficiary’s Age At Pensioner’s Retirement	PENSIONER WHOSE RETIREMENT AGE IS:																																											Beneficiary’s Age At Pensioner’s Retirement
	20			21			22			23			24			25			26			27			28			29			30			31		32		33		34		35
55			*			*			*			*			*			*			*			*			*			*			*		.999		.999		.999		.999		.999	55
56			*			*			*			*			*			*			*			*			*			*			*		.999		.999		.999		.999		.999	56
57			*			*			*			*			*			*			*			*			*			*			*		.999		.999		.999		.999		.999	57
58			*			*			*			*			*			*			*			*			*			*			*		.999		.999		.999		.999		.999	58
59			*			*			*			*			*			*			*			*			*			*			*		.999		.999		.999		.999		.999	59
60			*			*			*			*			*			*			*			*			*			*			*		.999		.999		.999		.999		.999	60
61			*			*			*			*			*			*			*			*			*			*			*		.999		.999		.999		.999		.999	61
62			*			*			*			*			*			*			*			*			*			*			*		.999		.999		.999		.999		.999	62
63			*			*			*			*			*			*			*			*			*			*			*		.999		.999		.999		.999		.999	63
64			*			*			*			*			*			*			*			*			*			*			*		.999		.999		.999		.999		.999	64
65			*			*			*			*			*			*			*			*			*			*			*		.999		.999		.999		.999		.999	65
66			*			*			*			*			*			*			*			*			*			*		.999			.999		.999		.999		.999		.999	66
67			*			*			*			*			*			*			*			*			*			*		.999			.999		.999		.999		.999		.999	67
68			*			*			*			*			*			*			*			*			*			*		.999			.999		.999		.999		.999		.999	68
69			*			*			*			*			*			*			*			*			*			*		.999			.999		.999		.999		.999		.999	69
70			*			*			*			*			*			*			*			*			*			*		.999			.999		.999		.999		.999		.999	70
71			*			*			*			*			*			*			*			*			*		.999			.999			.999		.999		.999		.999		.999	71
72			*			*			*			*			*			*			*			*			*		.999			.999			.999		.999		.999		.999		.999	72
73			*			*			*			*			*			*			*			*			*		.999			.999			.999		.999		.999		.999		.999	73
75			*			*			*			*			*			*			*			*		.999			.999			.999			.999		.999		.999		.999		.999	75
76			*			*			*			*			*			*			*			*		.999			.999			.999			.999		.999		.999		.999		.999	76
77			*			*			*			*			*			*			*			*		.999			.999			.999			.999		.999		.999		.999		.999	77
78			*			*			*			*			*			*			*		.999			.999			.999			.999			.999		.999		.999		.999		.999	78
79			*			*			*			*			*			*			*		.999			.999			.999			.999			.999		.999		.999		.999		.999	79
80			*			*			*			*			*			*			*		.999			.999			.999			.999			.999		.999		.999		.999		.999	80
81			*			*			*			*			*			*		.999			.999			.999			.999			.999			.999		.999		.999		.999		.999	81
82			*			*			*			*			*			*		.999			.999			.999			.999			.999			.999		.999		.999		.999		.999	82
83			*			*			*			*			*			*		.999			.999			.999			.999			.999			.999		.999		.999		.999		.999	83
84			*			*			*			*			*			*		.999			.999			.999			.999			.999			.999		.999		.999		.999		.999	84
85			*			*			*			*			*		.999			.999			.999			.999			.999			.999			.999		.999		.999		.999		.999	85
86			*			*			*			*			*		.999			.999			.999			.999			.999			.999			.999		.999		.999		.999		.999	86
87			*			*			*			*			*		.999			.999			.999			.999			.999			.999			.999		.999		.999		.999		.999	87
88			*			*			*			*		.999			.999			.999			.999			.999			.999			.999			.999		.999		.999		.999		.999	88
89			*			*			*			*		.999			.999			.999			.999			.999			.999			.999			.999		.999		.999		.999		.999	89
		20			21			22			23			24			25			26			27			28			29			30			31		32		33		34		35

PENSIONER WHOSE RETIREMENT AGE IS:        * = 1.000                                         INTEREST - 7.5000%

PENSIONER’S MORTALITY - SPECIAL PENSIONER MORTALITY TABLE

BENEFICIARY’S MORTALITY - SPECIAL PENSIONER MORTALITY TABLE

5

APPENDICES

Sub appendix A. 1

TABLE C –

Conversion From 50% Joint & Survivor to

Twelve Year Certain With 50% Joint & Survivor

CECONY Management Participants and CECONY Weekly Participants

Not Applicable to CECONY Weekly Participants –1

BENEFICIARY’S AGE AT PENSIONER’S RETIREMENT	PENSIONER WHOSE RETIREMENT AGE IS:																																BENEFICIARY’S AGE AT PENSIONER’S RETIREMENT
	35		36		37		38		39		40		41		42		43		44		45		46		47		48		49		50
20		.999		.999		.999		.999		.999		.999		.999		.998		.998		.998		.998		.997		.997		.997		.996		.996	20
21		.999		.999		.999		.999		.999		.999		.999		.998		.998		.998		.998		.997		.997		.997		.996		.996	21
22		.999		.999		.999		.999		.999		.999		.999		.998		.998		.998		.998		.997		.997		.997		.996		.996	22
23		.999		.999		.999		.999		.999		.999		.999		.998		.998		.998		.998		.997		.997		.997		.996		.996	23
24		.999		.999		.999		.999		.999		.999		.999		.998		.998		.998		.998		.997		.997		.997		.996		.996	24
25		.999		.999		.999		.999		.999		.999		.999		.998		.998		.998		.998		.997		.997		.997		.996		.996	25
26		.999		.999		.999		.999		.999		.999		.999		.998		.998		.998		.998		.997		.997		.997		.996		.996	26
27		.999		.999		.999		.999		.999		.999		.999		.998		.998		.998		.998		.997		.997		.997		.996		.996	27
28		.999		.999		.999		.999		.999		.999		.999		.998		.998		.998		.998		.997		.997		.997		.996		.996	28
29		.999		.999		.999		.999		.999		.999		.999		.998		.998		.998		.998		.997		.997		.997		.996		.996	29
30		.999		.999		.999		.999		.999		.999		.999		.998		.998		.998		.998		.997		.997		.997		.996		.996	30
31		.999		.999		.999		.999		.999		.999		.999		.998		.998		.998		.998		.997		.997		.997		.996		.996	31
32		.999		.999		.999		.999		.999		.999		.999		.998		.998		.998		.998		.997		.997		.997		.996		.996	32
33		.999		.999		.999		.999		.999		.999		.999		.998		.998		.998		.998		.997		.997		.997		.996		.996	33
34		.999		.999		.999		.999		.999		.999		.999		.998		.998		.998		.998		.997		.997		.997		.996		.996	34
35		.999		.999		.999		.999		.999		.999		.999		.998		.998		.998		.998		.997		.997		.997		.996		.996	35
36		.999		.999		.999		.999		.999		.999		.999		.998		.998		.998		.998		.997		.997		.997		.996		.996	36
37		.999		.999		.999		.999		.999		.999		.999		.998		.998		.998		.998		.997		.997		.997		.996		.996	37
38		.999		.999		.999		.999		.999		.999		.999		.998		.998		.998		.998		.997		.997		.997		.996		.996	38
39		.999		.999		.999		.999		.999		.999		.999		.998		.998		.998		.998		.997		.997		.997		.996		.996	39
40		.999		.999		.999		.999		.999		.999		.999		.998		.998		.998		.998		.997		.997		.997		.996		.996	40
41		.999		.999		.999		.999		.999		.999		.999		.998		.998		.998		.998		.997		.997		.997		.996		.996	12
42		.999		.999		.999		.999		.999		.999		.999		.998		.998		.998		.998		.997		.997		.997		.996		.996	42
43		.999		.999		.999		.999		.999		.999		.999		.998		.998		.998		.998		.997		.997		.997		.996		.996	43
44		.999		.999		.999		.999		.999		.999		.999		.998		.998		.998		.998		.997		.997		.997		.996		.996	44
45		.999		.999		.999		.999		.999		.999		.999		.998		.998		.998		.998		.997		.997		.997		.996		.996	45
46		.999		.999		.999		.999		.999		.999		.999		.998		.998		.998		.998		.997		.997		.997		.996		.996	46
47		.999		.999		.999		.999		.999		.999		.999		.998		.998		.998		.998		.997		.997		.997		.996		.996	47
48		.999		.999		.999		.999		.999		.999		.999		.998		.998		.998		.998		.997		.997		.997		.996		.996	48
49		.999		.999		.999		.999		.999		.999		.998		.998		.998		.998		.998		.997		.997		.996		.996		.996	49
50		.999		.999		.999		.999		.999		.999		.998		.998		.998		.998		.998		.997		.997		.996		.996		.996	50
51		.999		.999		.999		.999		.999		.999		.998		.998		.998		.998		.997		.997		.997		.996		.996		.996	51
52		.999		.999		.999		.999		.999		.999		.998		.998		.998		.998		.997		.997		.997		.996		.996		.996	52
53		.999		.999		.999		.999		.999		.999		.998		.998		.998		.998		.997		.997		.997		.996		.996		.996	53
54		.999		.999		.999		.999		.999		.999		.998		.998		.998		.998		.997		.997		.997		.996		.996		.996	54
		35		36		37		38		39		40		41		42		43		44		45		46		47		48		49		50

PENSIONER WHOSE RETIREMENT AGE IS:        * = 1.000                    INTEREST - 7.5000%

PENSIONER’S MORTALITY - SPECIAL PENSIONER MORTALITY TABLE

BENEFICIARY’S MORTALITY - SPECIAL PENSIONER MORTALITY TABLE

6

APPENDICES

Sub appendix A. 1

TABLE C –

Conversion From 50% Joint & Survivor to

Twelve Year Certain With 50% Joint & Survivor

CECONY Management Participants and CECONY Weekly Participants

Not Applicable to CECONY Weekly Participants –1

BENEFICIARY’S AGE AT PENSIONER’S RETIREMENT	PENSIONER WHOSE RETIREMENT AGE IS:																																BENEFICIARY’S AGE AT PENSIONER’S RETIREMENT
	35		36		37		38		39		40		41		42		43		44		45		46		47		48		49		50
55		.999		.999		.999		.999		.999		.999		.998		.998		.998		.998		.997		.997		.997		.996		.996		.996	55
56		.999		.999		.999		.999		.999		.999		.998		.998		.998		.998		.997		.997		.997		.996		.996		.996	56
57		.999		.999		.999		.999		.999		.999		.998		.998		.998		.998		.997		.997		.997		.996		.996		.996	57
58		.999		.999		.999		.999		.999		.999		.998		.998		.998		.998		.997		.997		.997		.996		.996		.996	58
60		.999		.999		.999		.999		.999		.999		.998		.998		.998		.998		.997		.997		.997		.996		.996		.995	60
61		.999		.999		.999		.999		.999		.999		.998		.998		.998		.998		.997		.997		.997		.996		.996		.995	61
62		.999		.999		.999		.999		.999		.999		.998		.998		.998		.998		.997		.997		.997		.996		.996		.995	62
63		.999		.999		.999		.999		.999		.999		.998		.998		.998		.998		.997		.997		.997		.996		.996		.995	63
64		.999		.999		.999		.999		.999		.999		.998		.998		.998		.998		.997		.997		.997		.996		.996		.995	64
65		.999		.999		.999		.999		.999		.999		.998		.998		.998		.998		.997		.997		.997		.996		.996		.995	65
66		.999		.999		.999		.999		.999		.999		.998		.998		.998		.998		.997		.997		.996		.996		.996		.995	66
67		.999		.999		.999		.999		.999		.998		.998		.998		.998		.998		.997		.997		.996		.996		.996		.995	67
68		.999		.999		.999		.999		.999		.998		.998		.998		.998		.997		.997		.997		.996		.996		.996		.995	68
69		.999		.999		.999		.999		.999		.998		.998		.998		.998		.997		.997		.997		.996		.996		.996		.995	69
70		.999		.999		.999		.999		.999		.998		.998		.998		.998		.997		.997		.997		.996		.996		.995		.995	70
71		.999		.999		.999		.999		.999		.998		.998		.998		.998		.997		.997		.997		.996		.996		.995		.995	71
72		.999		.999		.999		.999		.999		.998		.998		.998		.998		.997		.997		.997		.996		.996		.995		.995	72
73		.999		.999		.999		.999		.999		.998		.998		.998		.998		.997		.997		.997		.996		.996		.995		.995	73
74		.999		.999		.999		.999		.998		.998		.998		.998		.998		.997		.997		.997		.996		.996		.995		.995	74
75		.999		.999		.999		.999		.998		.998		.998		.998		.997		.997		.997		.997		.996		.995		.995		.994	75
76		.999		.999		.999		.999		.998		.998		.998		.998		.997		.997		.997		.997		.996		.995		.995		.994	76
77		.999		.999		.999		.999		.998		.998		.998		.998		.997		.997		.997		.997		.996		.995		.995		.994	77
78		.999		.999		.999		.999		.998		.998		.998		.998		.997		.997		.997		.997		.996		.995		.995		.994	78
79		.999		.999		.999		.999		.998		.998		.998		.998		.997		.997		.996		.996		.996		.995		.995		.994	79
80		.999		.999		.999		.998		.998		.998		.998		.998		.997		.997		.996		.996		.995		.995		.994		.994	80
81		.999		.999		.999		.998		.998		.998		.998		.997		.997		.997		.996		.996		.995		.995		.994		.994	81
82		.999		.999		.999		.998		.998		.998		.998		.997		.997		.997		.996		.996		.995		.995		.994		.994	82
83		.999		.999		.999		.998		.998		.998		.998		.997		.997		.997		.996		.996		.995		.995		.994		.993	83
84		.999		.999		.999		.998		.998		.998		.998		.997		.997		.997		.996		.996		.995		.995		.994		.993	84
85		.999		.999		.998		.998		.998		.998		.998		.997		.997		.996		.996		.996		.995		.994		.994		.993	85
86		.999		.999		.998		.998		.998		.998		.998		.997		.997		.996		.996		.995		.995		.994		.994		.993	86
87		.999		.999		.998		.998		.998		.998		.997		.997		.997		.996		.996		.995		.995		.994		.994		.993	87
88		.999		.999		.998		.998		.998		.998		.997		.997		.997		.996		.996		.995		.995		.994		.993		.993	88
89		.999		.999		.998		.998		.998		.998		.997		.997		.997		.996		.996		.995		.995		.994		.993		.993	89
		35		36		37		38		39		40		41		42		43		44		45		46		47		48		49		50

PENSIONER WHOSE RETIREMENT AGE IS:        * = 1.000                                         INTEREST - 7.5000%

PENSIONER’S MORTALITY - SPECIAL PENSIONER MORTALITY TABLE

BENEFICIARY’S MORTALITY - SPECIAL PENSIONER MORTALITY TABLE

7

APPENDICES

Sub appendix A. 1

TABLE C –

Conversion From 50% Joint & Survivor to

Twelve Year Certain With 50% Joint & Survivor

CECONY Management Participants and CECONY Weekly Participants

Not Applicable to CECONY Weekly Participants –1

BENEFICIARY’S AGE AT PENSIONER’S RETIREMENT	PENSIONER WHOSE RETIREMENT AGE IS:																																BENEFICIARY’S AGE AT PENSIONER’S RETIREMENT
	50		51		52		53		54		55		56		57		58		59		60		61		62		63		64		65
20		.996		.996		.995		.995		.994		.993		.993		.992		.991		.990		.989		.988		.986		.984		.983		.980	20
21		.996		.996		.995		.995		.994		.993		.993		.992		.991		.990		.989		.988		.986		.984		.983		.980	21
22		.996		.996		.995		.995		.994		.993		.993		.992		.991		.990		.989		.988		.986		.984		.982		.980	22
23		.996		.996		.995		.995		.994		.993		.993		.992		.991		.990		.989		.988		.986		.984		.982		.980	23
24		.996		.995		.995		.995		.994		.993		.993		.992		.991		.990		.989		.988		.986		.984		.982		.980	24
25		.996		.995		.995		.995		.994		.993		.993		.992		.991		.990		.989		.988		.986		.984		.982		.980	25
26		.996		.995		.995		.995		.994		.993		.993		.992		.991		.990		.989		.988		.986		.984		.982		.980	26
27		.996		.995		.995		.995		.994		.993		.993		.992		.991		.990		.989		.988		.986		.984		.982		.980	27
28		.996		.995		.995		.995		.994		.993		.993		.992		.991		.990		.989		.988		.986		.984		.982		.980	28
29		.996		.995		.995		.995		.994		.993		.993		.992		.991		.990		.989		.988		.986		.984		.982		.980	29
30		.996		.995		.995		.995		.994		.993		.993		.992		.991		.990		.989		.987		.986		.984		.982		.980	30
31		.996		.995		.995		.995		.994		.993		.993		.992		.991		.990		.989		.987		.986		.984		.982		.980	31
32		.996		.995		.995		.995		.994		.993		.993		.992		.991		.990		.989		.987		.986		.984		.982		.980	32
33		.996		.995		.995		.995		.994		.993		.993		.992		.991		.990		.989		.987		.986		.984		.982		.980	33
34		.996		.995		.995		.995		.994		.993		.993		.992		.991		.990		.989		.987		.986		.984		.982		.980	34
35		.996		.995		.995		.994		.994		.993		.993		.992		.991		.990		.989		.987		.986		.984		.982		.980	35
36		.996		.995		.995		.994		.994		.993		.993		.992		.991		.990		.989		.987		.986		.984		.982		.980	36
37		.996		.995		.995		.994		.994		.993		.993		.992		.991		.990		.989		.987		.986		.984		.982		.980	37
38		.996		.995		.995		.994		.994		.993		.993		.992		.991		.990		.989		.987		.986		.984		.982		.980	38
39		.996		.995		.995		.994		.994		.993		.993		.992		.991		.990		.989		.987		.986		.984		.982		.980	39
40		.996		.995		.995		.994		.994		.993		.993		.992		.991		.990		.989		.987		.986		.984		.982		.980	40
41		.996		.995		.995		.994		.994		.993		.993		.992		.991		.990		.989		.987		.986		.984		.982		.980	12
42		.996		.995		.995		.994		.994		.993		.993		.992		.991		.990		.989		.987		.986		.984		.982		.980	42
43		.996		.995		.995		.994		.994		.993		.992		.992		.991		.990		.988		.987		.986		.984		.982		.979	43
44		.996		.995		.995		.994		.994		.993		.992		.992		.991		.990		.988		.987		.985		.984		.982		.979	44
45		.996		.995		.995		.994		.994		.993		.992		.992		.991		.990		.988		.987		.985		.984		.981		.979	45
46		.996		.995		.995		.994		.994		.993		.992		.992		.991		.990		.988		.987		.985		.984		.981		.979	46
47		.996		.995		.995		.994		.994		.993		.992		.992		.991		.990		.988		.987		.985		.983		.981		.979	47
48		.996		.995		.995		.994		.994		.993		.992		.992		.991		.990		.988		.987		.985		.983		.981		.979	48
49		.996		.995		.995		.994		.994		.993		.992		.991		.991		.989		.988		.987		.985		.983		.981		.979	49
50		.996		.995		.995		.994		.994		.993		.992		.991		.990		.989		.988		.987		.985		.983		.981		.979	50
51		.996		.995		.995		.994		.994		.993		.992		.991		.990		.989		.988		.987		.985		.983		.981		.979	51
52		.996		.995		.995		.994		.994		.993		.992		.991		.990		.989		.988		.987		.985		.983		.981		.979	52
53		.996		.995		.995		.994		.994		.993		.992		.991		.990		.989		.988		.987		.985		.983		.981		.978	53
54		.996		.995		.995		.994		.994		.993		.992		.991		.990		.989		.988		.986		.985		.983		.981		.978	54
		50		51		52		53		54		55		56		57		58		59		60		61		62		63		64		65

PENSIONER WHOSE RETIREMENT AGE IS:        * = 1.000                                         INTEREST - 7.5000%

PENSIONER’S MORTALITY - SPECIAL PENSIONER MORTALITY TABLE

BENEFICIARY’S MORTALITY - SPECIAL PENSIONER MORTALITY TABLE

8

APPENDICES

Sub appendix A. 1

TABLE C-

Conversion From 50% Joint & Survivor to

Twelve Year Certain With 50% Joint & Survivor

CECONY Management Participants and CECONY Weekly Participants

Not Applicable to CECONY Weekly Participants –1

BENEFICIARY’S AGE AT	PENSIONER WHOSE RETIREMENT AGE IS:																																BENEFICIARY’S AGE AT
PENSIONER’S RETIREMENT	50		51		52		53		54		55		56		57		58		59		60		61		62		63		64		65		PENSIONER’S RETIREMENT
55		.996		.995		.995		.994		.994		.993		.992		.991		.990		.989		.988		.986		.985		.983		.981		.978	55
56		.996		.995		.995		.994		.993		.993		.992		.991		.990		.989		.988		.986		.985		.983		.980		.978	56
57		.996		.995		.995		.994		.993		.993		.992		.991		.990		.989		.988		.986		.984		.982		.980		.978	57
58		.996		.995		.995		.994		.993		.993		.992		.991		.990		.989		.988		.986		.984		.982		.980		.978	58
59		.995		.995		.995		.994		.993		.993		.992		.991		.990		.989		.987		.986		.984		.982		.980		.977	59
60		.995		.995		.994		.994		.993		.993		.992		.991		.990		.989		.987		.986		.984		.982		.980		.977	60
61		.995		.995		.994		.994		.993		.993		.992		.991		.990		.989		.987		.986		.984		.982		.980		.977	61
62		.995		.995		.994		.994		.993		.992		.992		.991		.990		.988		.987		.986		.984		.982		.979		.977	62
63		.995		.995		.994		.994		.993		.992		.992		.991		.990		.988		.987		.985		.984		.981		.979		.976	63
64		.995		.995		.994		.994		.993		.992		.991		.991		.989		.988		.987		.985		.983		.981		.979		.976	64
65		.995		.995		.994		.994		.993		.992		.991		.990		.989		.988		.987		.985		.983		.981		.978		.976	65
66		.995		.995		.994		.994		.993		.992		.991		.990		.989		.988		.986		.985		.983		.981		.978		.975	66
67		.995		.995		.994		.993		.993		.992		.991		.990		.989		.988		.986		.985		.983		.980		.978		.975	67
68		.995		.995		.994		.993		.993		.992		.991		.990		.989		.988		.986		.984		.982		.980		.978		.975	68
70		.995		.994		.994		.993		.992		.992		.991		.990		.989		.987		.986		.984		.982		.979		.977		.974	70
71		.995		.994		.994		.993		.992		.992		.991		.990		.988		.987		.985		.984		.981		.979		.976		.973	71
72		.995		.994		.994		.993		.992		.991		.990		.989		.988		.987		.985		.983		.981		.979		.976		.973	72
73		.995		.994		.993		.993		.992		.991		.990		.989		.988		.986		.985		.983		.981		.978		.975		.972	73
74		.995		.994		.993		.993		.992		.991		.990		.989		.988		.986		.985		.983		.980		.978		.975		.972	74
75		.994		.994		.993		.993		.992		.991		.990		.989		.987		.986		.984		.982		.980		.977		.974		.971	75
76		.994		.994		.993		.992		.992		.991		.990		.989		.987		.986		.984		.982		.979		.977		.974		.970	76
77		.994		.994		.993		.992		.991		.990		.989		.988		.987		.985		.984		.981		.979		.976		.973		.970	77
78		.994		.993		.993		.992		.991		.990		.989		.988		.987		.985		.983		.981		.979		.976		.973		.969	78
79		.994		.993		.993		.992		.991		.990		.989		.988		.986		.985		.983		.981		.978		.975		.972		.968	79
80		.994		.993		.992		.992		.991		.990		.989		.988		.986		.984		.982		.980		.978		.975		.971		.968	80
81		.994		.993		.992		.992		.991		.990		.989		.987		.986		.984		.982		.980		.977		.974		.971		.967	81
82		.994		.993		.992		.991		.990		.989		.988		.987		.985		.984		.982		.979		.977		.974		.970		.966	82
83		.993		.993		.992		.991		.990		.989		.988		.987		.985		.983		.981		.979		.976		.973		.970		.966	83
84		.993		.993		.992		.991		.990		.989		.988		.986		.985		.983		.981		.979		.976		.973		.969		.965	84
85		.993		.992		.992		.991		.990		.989		.988		.986		.985		.983		.981		.978		.975		.972		.968		.964	85
86		.993		.992		.992		.991		.990		.989		.987		.986		.984		.982		.980		.978		.975		.972		.968		.964	86
87		.993		.992		.991		.990		.990		.988		.987		.986		.984		.982		.980		.977		.974		.971		.967		.963	87
88		.993		.992		.991		.990		.989		.988		.987		.985		.984		.982		.980		.977		.974		.970		.967		.962	88
89		.993		.992		.991		.990		.989		.988		.987		.985		.983		.981		.979		.977		.973		.970		.966		.962	89
		50		51		52		53		54		55		56		57		58		59		60		61		62		63		64		65

PENSIONER WHOSE RETIREMENT AGE IS:        * = 1.000                                         INTEREST - 7.5000%

PENSIONER’S MORTALITY - SPECIAL PENSIONER MORTALITY TABLE

BENEFICIARY’S MORTALITY - SPECIAL PENSIONER MORTALITY TABLE

9

APPENDICES

Sub appendix A. 1

TABLE C –

Conversion From 50% Joint & Survivor to

Twelve Year Certain With 50% Joint & Survivor

CECONY Management Participants and CECONY Weekly Participants

Not Applicable to CECONY Weekly Participants –1

BENEFICIARY’S AGE AT PENSIONER’S RETIREMENT	PENSIONER WHOSE RETIREMENT AGE IS:																																BENEFICIARY’S AGE AT PENSIONER’S RETIREMENT
	65		66		67		68		69		70		71		72		73		74		75		76		77		78		79		80
20		.980		.978		.975		.972		.969		.966		.962		.958		.953		.948		.942		.937		.931		.924		.918		.911	20
21		.980		.978		.975		.972		.969		.966		.962		.958		.953		.948		.942		.937		.931		.924		.917		.911	21
22		.980		.978		.975		.972		.969		.966		.962		.958		.953		.948		.942		.937		.930		.924		.917		.911	22
23		.980		.978		.975		.972		.969		.966		.962		.957		.953		.948		.942		.937		.930		.924		.917		.910	23
24		.980		.978		.975		.972		.969		.966		.962		.957		.953		.948		.942		.936		.930		.924		.917		.910	24
25		.980		.978		.975		.972		.969		.966		.962		.957		.953		.948		.942		.936		.930		.924		.917		.910	25
26		.980		.978		.975		.972		.969		.965		.962		.957		.953		.948		.942		.936		.930		.924		.917		.910	26
27		.980		.978		.975		.972		.969		.965		.962		.957		.953		.947		.942		.936		.930		.923		.917		.910	27
28		.980		.978		.975		.972		.969		.965		.961		.957		.952		.947		.942		.936		.930		.923		.917		.910	28
29		.980		.978		.975		.972		.969		.965		.961		.957		.952		.947		.942		.936		.930		.923		.917		.910	29
30		.980		.978		.975		.972		.969		.965		.961		.957		.952		.947		.942		.936		.930		.923		.916		.910	30
31		.980		.978		.975		.972		.969		.965		.961		.957		.952		.947		.942		.936		.930		.923		.916		.909	31
32		.980		.978		.975		.972		.969		.965		.961		.957		.952		.947		.941		.936		.929		.923		.916		.909	32
33		.980		.978		.975		.972		.969		.965		.961		.957		.952		.947		.941		.935		.929		.923		.916		.909	33
34		.980		.978		.975		.972		.969		.965		.961		.957		.952		.947		.941		.935		.929		.923		.916		.909	34
35		.980		.978		.975		.972		.969		.965		.961		.957		.952		.947		.941		.935		.929		.922		.916		.908	35
36		.980		.977		.975		.972		.968		.965		.961		.956		.952		.947		.941		.935		.929		.922		.915		.908	36
37		.980		.977		.975		.972		.968		.965		.961		.956		.952		.946		.941		.935		.928		.922		.915		.908	37
38		.980		.977		.975		.972		.968		.965		.961		.956		.951		.946		.941		.935		.928		.922		.915		.908	38
39		.980		.977		.975		.972		.968		.965		.961		.956		.951		.946		.940		.934		.928		.921		.914		.907	39
40		.980		.977		.974		.971		.968		.964		.960		.956		.951		.946		.940		.934		.928		.921		.914		.907	40
41		.980		.977		.974		.971		.968		.964		.960		.956		.951		.946		.940		.934		.927		.921		.914		.907	12
42		.980		.977		.974		.971		.968		.964		.960		.956		.951		.945		.940		.934		.927		.920		.913		.906	42
43		.979		.977		.974		.971		.968		.964		.960		.955		.951		.945		.939		.933		.927		.920		.913		.906	43
44		.979		.977		.974		.971		.968		.964		.960		.955		.950		.945		.939		.933		.927		.920		.913		.905	44
45		.979		.977		.974		.971		.967		.964		.960		.955		.950		.945		.939		.933		.926		.919		.912		.905	45
46		.979		.977		.974		.971		.967		.963		.959		.955		.950		.944		.939		.932		.926		.919		.912		.904	46
47		.979		.977		.974		.971		.967		.963		.959		.955		.950		.944		.938		.932		.925		.918		.911		.904	47
48		.979		.976		.974		.970		.967		.963		.959		.954		.949		.944		.938		.932		.925		.918		.911		.903	48
49		.979		.976		.973		.970		.967		.963		.959		.954		.949		.943		.937		.931		.924		.917		.910		.903	49
50		.979		.976		.973		.970		.967		.963		.958		.954		.949		.943		.937		.931		.924		.917		.910		.902	50
51		.979		.976		.973		.970		.966		.962		.958		.953		.948		.943		.937		.930		.923		.916		.909		.901	51
52		.979		.976		.973		.970		.966		.962		.958		.953		.948		.942		.936		.930		.923		.916		.908		.901	52
53		.978		.976		.973		.970		.966		.962		.958		.953		.948		.942		.936		.929		.922		.915		.908		.900	53
54		.978		.976		.973		.969		.966		.962		.957		.952		.947		.941		.935		.929		.922		.914		.907		.899	54
		65		66		67		68		69		70		71		72		73		74		75		76		77		78		79		80

PENSIONER WHOSE RETIREMENT AGE IS:        * = 1.000                                         INTEREST - 7.5000%

PENSIONER’S MORTALITY - SPECIAL PENSIONER MORTALITY TABLE

BENEFICIARY’S MORTALITY - SPECIAL PENSIONER MORTALITY TABLE

10

APPENDICES

Sub appendix A. 1

TABLE C –

Conversion From 50% Joint & Survivor to

Twelve Year Certain With 50% Joint & Survivor

CECONY Management Participants and CECONY Weekly Participants

Not Applicable to CECONY Weekly Participants –1

BENEFICIARY’S AGE AT PENSIONER’S RETIREMENT	PENSIONER WHOSE RETIREMENT AGE IS:																																BENEFICIARY’S AGE AT PENSIONER’S RETIREMENT
	65		66		67		68		69		70		71		72		73		74		75		76		77		78		79		80
55		.978		.975		.972		.969		.965		.961		.957		.952		.947		.941		.935		.928		.921		.914		.906		.898	55
56		.978		.975		.972		.969		.965		.961		.957		.952		.946		.940		.934		.927		.920		.913		.905		.897	56
57		.978		.975		.972		.969		.965		.961		.956		.951		.946		.940		.933		.927		.919		.912		.904		.896	57
58		.978		.975		.972		.968		.965		.960		.956		.951		.945		.939		.933		.926		.919		.911		.903		.895	58
59		.977		.975		.971		.968		.964		.960		.955		.950		.945		.939		.932		.925		.918		.910		.902		.894	59
60		.977		.974		.971		.968		.964		.959		.955		.950		.944		.938		.931		.924		.917		.909		.901		.892	60
61		.977		.974		.971		.967		.963		.959		.954		.949		.943		.937		.930		.923		.916		.908		.899		.891	61
62		.977		.974		.970		.967		.963		.959		.954		.948		.943		.936		.929		.922		.914		.906		.898		.889	62
63		.976		.973		.970		.966		.962		.958		.953		.948		.942		.935		.928		.921		.913		.905		.896		.888	63
64		.976		.973		.970		.966		.962		.957		.952		.947		.941		.934		.927		.920		.912		.903		.895		.886	64
65		.976		.973		.969		.966		.961		.957		.952		.946		.940		.933		.926		.918		.910		.902		.893		.884	65
66		.975		.972		.969		.965		.961		.956		.951		.945		.939		.933		.925		.917		.909		.900		.891		.882	66
67		.975		.972		.968		.964		.960		.956		.950		.944		.938		.931		.923		.915		.907		.898		.889		.879	67
68		.975		.971		.968		.964		.959		.956		.949		.943		.937		.930		.922		.914		.906		.896		.887		.877	68
69		.974		.971		.967		.963		.959		.954		.948		.942		.935		.928		.920		.912		.903		.894		.884		.874	69
70		.974		.970		.967		.962		.958		.953		.947		.941		.934		.927		.919		.910		.901		.892		.882		.872	70
71		.973		.970		.966		.962		.957		.952		.946		.940		.933		.925		.917		.908		.899		.889		.879		.869	71
72		.973		.969		.965		.952		.956		.951		.945		.939		.931		.924		.915		.906		.897		.887		.876		.866	72
73		.972		.969		.965		.960		.955		.950		.944		.937		.930		.922		.913		.904		.894		.884		.873		.863	73
74		.972		.968		.964		.959		.954		.949		.943		.936		.928		.920		.911		.902		.892		.881		.870		.859	74
75		.971		.967		.963		.958		.953		.948		.941		.934		.927		.918		.909		.899		.889		.878		.867		.856	75
76		.970		.967		.962		.958		.952		.946		.940		.933		.925		.916		.907		.897		.886		.875		.864		.852	76
77		.970		.966		.961		.957		.951		.945		.938		.931		.923		.916		.905		.894		.884		.872		.860		.848	77
78		.969		.965		.961		.956		.950		.944		.941		.930		.921		.912		.902		.892		.881		.872		.857		.844	78
79		.969		.964		.960		.955		.949		.943		.940		.928		.919		.910		.900		.889		.878		.866		.853		.841	79
80		.968		.964		.959		.954		.948		.941		.934		.926		.918		.908		.898		.887		.875		.863		.850		.837	80
81		.967		.963		.958		.953		.947		.940		.933		.925		.916		.906		.895		.884		.872		.860		.846		.833	81
82		.966		.962		.957		.952		.948		.939		.931		.923		.914		.904		.893		.882		.869		.856		.843		.829	82
83		.966		.961		.956		.951		.944		.937		.930		.921		.912		.902		.891		.879		.866		.853		.839		.825	83
84		.965		.960		.955		.950		.943		.936		.928		.920		.910		.900		.888		.876		.863		.850		.836		.821	84
85		.964		.960		.954		.949		.942		.935		.927		.918		.908		.898		.886		.874		.861		.847		.832		.817	85
86		.964		.959		.954		.948		.941		.934		.925		.916		.906		.896		.884		.871		.858		.843		.829		.813	86
87		.963		.958		.953		.947		.940		.932		.924		.915		.905		.894		.881		.869		.855		.840		.835		.810	87
88		.962		.957		.952		.946		.939		.931		.923		.913		.903		.891		.879		.866		.852		.837		.822		.806	88
89		.962		.957		.951		.945		.938		.930		.921		.912		.901		.889		.877		.863		.849		.834		.818		.802	89
		65		66		67		68		69		70		71		72		73		74		75		76		77		78		79		80

PENSIONER WHOSE RETIREMENT AGE IS:        * = 1.000                                         INTEREST - 7.5000%

PENSIONER’S MORTALITY - SPECIAL PENSIONER MORTALITY TABLE

BENEFICIARY’S MORTALITY - SPECIAL PENSIONER MORTALITY TABLE

11

APPENDICES

Sub appendix A. 1

TABLE C –

Conversion From 50% Joint & Survivor to

Twelve Year Certain With 50% Joint & Survivor

CECONY Management Participants and CECONY Weekly Participants

Not Applicable to CECONY Weekly Participants –1

BENEFICIARY’S AGE AT PENSIONER’S RETIREMENT	PENSIONER WHOSE RETIREMENT AGE IS:																																BENEFICIARY’S AGE AT PENSIONER’S RETIREMENT
	80		81		82		83		84		85		86		87		88		89		90		91		92		93		94		95
20		.911		.904		.897		.889		.882		.874		.866		.859		.850		.842		.834		.826		.818		.809		.801		.793	20
21		.911		.904		.896		.889		.882		.874		.866		.858		.850		.842		.834		.826		.817		.809		.801		.793	21
22		.911		.904		.896		.889		.882		.874		.866		.858		.850		.842		.834		.825		.817		.809		.801		.793	22
23		.910		.903		.896		.889		.881		.874		.866		.858		.850		.842		.834		.825		.817		.809		.801		.792	23
24		.910		.903		.896		.889		.881		.874		.866		.858		.850		.842		.833		.825		.817		.809		.800		.792	24
25		.910		.903		.896		.889		.881		.873		.866		.858		.850		.841		.833		.825		.817		.808		.800		.792	25
26		.910		.903		.896		.889		.881		.873		.865		.857		.849		.841		.833		.825		.816		.808		.800		.792	26
27		.910		.903		.896		.888		.881		.873		.865		.857		.849		.841		.833		.824		.816		.808		.799		.791	27
28		.910		.903		.895		.888		.881		.873		.865		.857		.849		.841		.832		.824		.816		.807		.799		.791	28
29		.910		.903		.895		.888		.880		.873		.865		.857		.849		.840		.832		.824		.815		.807		.799		.791	29
30		.910		.902		.895		.888		.880		.872		.865		.857		.848		.840		.832		.823		.815		.807		.798		.790	30
31		.909		.902		.895		.887		.880		.872		.864		.856		.848		.840		.831		.823		.815		.806		.798		.790	31
32		.909		.902		.895		.887		.880		.872		.864		.856		.848		.839		.831		.823		.814		.806		.798		.789	32
33		.909		.902		.894		.887		.879		.872		.864		.856		.847		.839		.831		.822		.814		.805		.797		.789	33
34		.909		.902		.894		.887		.879		.871		.863		.855		.847		.839		.830		.822		.813		.805		.797		.788	34
35		.908		.901		.894		.886		.879		.871		.863		.855		.847		.838		.830		.821		.813		.804		.796		.788	35
36		.908		.901		.894		.886		.878		.871		.863		.854		.846		.838		.829		.821		.812		.804		.795		.787	36
37		.908		.901		.893		.886		.878		.870		.862		.854		.846		.837		.829		.820		.812		.803		.795		.787	37
38		.908		.900		.893		.885		.878		.870		.862		.854		.845		.837		.828		.820		.811		.803		.794		.786	38
39		.907		.900		.893		.885		.877		.869		.861		.853		.845		.836		.828		.819		.810		.802		.793		.785	39
40		.907		.900		.892		.885		.877		.869		.861		.852		.844		.836		.827		.818		.810		.801		.793		.784	40
41		.907		.899		.892		.884		.876		.868		.860		.852		.843		.835		.826		.818		.809		.800		.792		.783	12
42		.906		.899		.891		.884		.876		.868		.860		.851		.843		.834		.825		.817		.808		.800		.791		.782	42
43		.906		.898		.891		.883		.875		.867		.859		.851		.842		.833		.825		.816		.807		.799		.790		.781	43
44		.905		.898		.890		.882		.875		.866		.858		.850		.841		.833		.824		.815		.806		.798		.789		.780	44
45		.905		.897		.890		.882		.874		.866		.857		.849		.840		.832		.823		.814		.805		.797		.788		.779	45
46		.904		.897		.889		.881		.873		.865		.857		.848		.839		.831		.822		.813		.804		.795		.787		.779	46
47		.904		.896		.888		.881		.872		.864		.856		.847		.839		.830		.821		.812		.803		.794		.785		.777	47
48		.903		.896		.888		.880		.872		.863		.855		.846		.838		.829		.820		.811		.802		.793		.785		.775	48
49		.903		.895		.887		.879		.871		.863		.854		.845		.836		.827		.818		.809		.800		.792		.783		.774	49
50		.902		.894		.886		.878		.870		.862		.853		.844		.835		.826		.817		.808		.799		.790		.781		.772	50
51		.901		.893		.885		.877		.869		.861		.852		.843		.834		.825		.816		.807		.798		.789		.779		.771	51
52		.901		.893		.885		.876		.868		.859		.851		.842		.833		.824		.814		.805		.796		.787		.778		.769	52
53		.900		.892		.884		.875		.867		.858		.850		.841		.831		.822		.813		.804		.794		.785		.776		.767	53
54		.899		.891		.883		.874		.866		.857		.848		.839		.830		.821		.811		.802		.793		.783		.774		.765	54
		80		81		82		83		84		85		86		87		88		89		90		91		92		93		94		95

PENSIONER WHOSE RETIREMENT AGE IS:        * = 1.000                                         INTEREST - 7.5000%

PENSIONER’S MORTALITY - SPECIAL PENSIONER MORTALITY TABLE

BENEFICIARY’S MORTALITY - SPECIAL PENSIONER MORTALITY TABLE

12

APPENDICES

Sub appendix A. 1

TABLE C –

Conversion From 50% Joint & Survivor to

Twelve Year Certain With 50% Joint & Survivor

CECONY Management Participants and CECONY Weekly Participants

Not Applicable to CECONY Weekly Participants –1

BENEFICIARY’S AGE AT PENSIONER’S RETIREMENT	PENSIONER WHOSE RETIREMENT AGE IS:																																BENEFICIARY’S AGE AT PENSIONER’S RETIREMENT
	80		81		82		83		84		85		86		87		88		89		90		91		92		93		94		95
55		.898		.890		.882		.873		.865		.856		.847		.838		.828		.819		.810		.800		.791		.781		.772		.763	55
56		.897		.889		.880		.872		.863		.854		.845		.836		.827		.817		.808		.798		.789		.779		.777		.760	56
57		.896		.888		.879		.871		.862		.853		.844		.834		.825		.815		.806		.796		.786		.777		.767		.758	57
58		.895		.886		.876		.869		.860		.851		.842		.833		.823		.813		.803		.794		.784		.774		.765		.755	58
59		.894		.885		.876		.868		.859		.849		.840		.830		.821		.811		.801		.791		.781		.771		.762		.752	59
60		.892		.884		.875		.866		.857		.847		.838		.828		.818		.808		.798		.788		.778		.768		.759		.749	60
61		.891		.882		.873		.864		.855		.845		.836		.826		.815		.806		.796		.785		.775		.765		.755		.745	61
62		.889		.880		.871		.862		.853		.843		.833		.823		.813		.803		.792		.782		.772		.762		.752		.742	62
63		.888		.878		.869		.860		.850		.840		.830		.820		.810		.800		.789		.779		.768		.758		.748		.737	63
64		.886		.876		.867		.857		.848		.838		.828		.817		.807		.796		.786		.775		.764		.754		.743		.733	64
65		.884		.874		.865		.855		.845		.835		.825		.814		.803		.792		.782		.771		.760		.749		.739		.728	65
66		.882		.872		.862		.852		.842		.832		.821		.810		.800		.789		.778		.767		.758		.745		.734		.723	66
67		.879		.870		.860		.849		.839		.828		.818		.807		.796		.784		.773		.762		.751		.740		.729		.718	67
68		.877		.867		.857		.846		.836		.825		.814		.803		.791		.780		.768		.757		.746		.734		.723		.712	68
69		.874		.864		.854		.843		.832		.821		.810		.798		.787		.775		.763		.752		.740		.728		.717		.706	69
70		.872		.861		.851		.840		.828		.817		.806		.794		.782		.770		.758		.746		.734		.722		.711		.699	70
71		.869		.858		.847		.836		.825		.813		.801		.789		.777		.765		.752		.740		.728		.716		.704		.692	71
72		.866		.855		.843		.832		.820		.808		.796		.784		.772		.759		.746		.734		.721		.709		.697		.685	72
73		.863		.851		.840		.828		.816		.804		.791		.779		.766		.753		.740		.727		.714		.702		.689		.677	73
74		.859		.848		.836		.824		.811		.799		.786		.773		.760		.747		.733		.720		.707		.694		.681		.669	74
75		.856		.844		.831		.819		.806		.794		.780		.767		.754		.740		.726		.713		.699		.686		.673		.660	75
76		.852		.840		.827		.814		.801		.788		.775		.761		.747		.733		.719		.705		.692		.678		.665		.651	76
77		.848		.836		.823		.810		.796		.783		.769		.755		.740		.726		.712		.698		.683		.670		.656		.642	77
78		.844		.831		.818		.805		.791		.777		.763		.748		.734		.719		.704		.690		.675		.661		.647		.633	78
79		.841		.827		.814		.800		.786		.771		.757		.742		.727		.712		.697		.682		.667		.652		.638		.624	79
80		.837		.823		.809		.795		.780		.766		.751		.735		.720		.704		.689		.674		.658		.643		.628		.614	80
81		.833		.819		.804		.790		.775		.760		.744		.729		.713		.697		.681		.665		.650		.634		.619		.604	81
82		.829		.815		.800		.785		.770		.754		.738		.722		.706		.690		.673		.657		.641		.626		.610		.595	82
83		.825		.810		.795		.780		.764		.748		.732		.716		.699		.682		.666		.649		.633		.617		.601		.585	83
84		.821		.806		.791		.775		.759		.743		.726		.709		.692		.675		.658		.641		.624		.608		.591		.576	84
85		.817		.802		.786		.770		.754		.737		.720		.703		.685		.668		.650		.633		.616		.599		.582		.566	85
86		.813		.798		.782		.765		.758		.731		.714		.696		.678		.660		.643		.625		.607		.590		.573		.557	86
87		.810		.794		.777		.760		.743		.726		.708		.690		.672		.653		.635		.617		.599		.581		.564		.547	87
88		.806		.789		.773		.755		.738		.720		.702		.683		.665		.646		.627		.609		.591		.573		.555		.538	88
89		.802		.785		.768		.751		.733		.714		.696		.677		.658		.639		.620		.601		.582		.564		.546		.528	89
		80		81		82		83		84		85		86		87		88		89		90		91		92		93		94		95

PENSIONER WHOSE RETIREMENT AGE IS:        * = 1.000                                         INTEREST - 7.5000%

PENSIONER’S MORTALITY - SPECIAL PENSIONER MORTALITY TABLE

BENEFICIARY’S MORTALITY - SPECIAL PENSIONER MORTALITY TABLE

13

APPENDICES

Sub appendix A. 1

TABLE D –

Early Retirement Factors – Excess Formula

CECONY Management Participants

Applied To The Portion Of The Pension Formula Calculated On

Final Average Salary In Excess Of The Social Security Wage Base

Months Prior to Age 65			Factor		Months Prior to Age 65			Factor		Months Prior to Age 65			Factor		Months Prior to Age 65			Factor		Months Prior to Age 65			Factor		Months Prior to Age 65			Factor		Months Prior to Age 65			Factor
	0 (65	)		1.00000		36 (62	)		0.76900		72 (59	)		0.65400		108 (56	)		0.52900		144 (53	)		0.42566		180 (50	)		0.34522		216 (47	)		0.28489
	1			0.99358		37			0.76583		73			0.65075		109			0.52542		145			0.42315		181			0.34354		217			0.28321
	2			0.98717		38			0.76267		74			0.64750		110			0.52183		146			0.42063		182			0.34187		218			0.28154
	3			0.98075		39			0.75950		75			0.64425		111			0.51825		147			0.41812		183			0.34019		219			0.27986
	4			0.97433		40			0.75633		76			0.64100		112			0.51467		148			0.41561		184			0.33852		220			0.27819
	5			0.96792		41			0.75317		77			0.63775		113			0.51108		149			0.41309		185			0.33684		221			0.27651
	6			0.96150		42			0.75000		78			0.63450		114			0.50750		150			0.41058		186			0.33517		222			0.27484
	7			0.95508		43			0.74683		79			0.63125		115			0.50392		151			0.40807		187			0.33349		223			0.27316
	8			0.94867		44			0.74367		80			0.62800		116			0.50033		152			0.40555		188			0.33181		224			0.27148
	9			0.94225		45			0.74050		81			0.62475		117			0.49675		153			0.40304		189			0.33014		225			0.26981
	10			0.93583		46			0.73733		82			0.62150		118			0.49317		154			0.40053		190			0.32846		226			0.26813
	11			0.92942		47			0.73417		83			0.61825		119			0.48958		155			0.39801		191			0.32679		227			0.26646
	12 (64	)		0.92300		48 (61	)		0.73100		84 (58	)		0.61500		120 (55	)		0.48600		156 (52	)		0.39550		192 (49	)		0.32511		228 (46	)		0.26478
	13			0.91658		49			0.72775		85			0.61183		121			0.48349		157			0.39299		193			0.32343		229			0.26310
	14			0.91017		50			0.72450		86			0.60867		122			0.48097		158			0.39047		194			0.32176		230			0.26143
	15			0.90375		51			0.72125		87			0.60550		123			0.47846		159			0.38796		195			0.32008		231			0.25975
	16			0.89733		52			0.71800		88			0.60233		124			0.47594		160			0.38544		196			0 31841		232			0.25808
	17			0.89092		53			0.71475		89			0.59917		125			0.47343		161			0.38293		197			0.31673		233			0.25640
	18			0.88450		54			0.71150		90			0.59600		126			0.47091		162			0.38041		198			0.31506		234			0.25473
	19			0.87806		55			0.70825		91			0.59283		127			0.46840		163			0.37790		199			0.31338		235			0.25305
	20			0.87167		56			0.70500		92			0.58967		128			0.46589		164			0.37539		200			0.31170		236			0.25137
	21			0.86525		57			0.70175		93			0.58650		129			0.46337		165			0.37287		201			0.31003		237			0.24970
	22			0.85883		58			0.69850		94			0.58333		130			0.46086		166			0.37036		202			0.30835		238			0.24802
	23			0.85242		59			0.69525		95			0.58017		131			0.45834		167			0.36784		203			0.30668		239			0.24635
	24 (63	)		0.84600		60 (60	)		0.69200		96 (57	)		0.57700		132 (54	)		0.45583		168 (51	)		0.36533		204 (48	)		0.30500		240 (45	)		0.24467
	25			0.83958		61			0.68883		97			0.57300		133			0.45332		169			0.36365		205			0.30332
	26			0.83317		62			0.68567		98			0.56900		134			0.45080		170			0.36198		206			0.30165
	27			0.82675		63			0.68250		99			0.56500		135			0.44829		171			0.36030		207			0.29997
	28			0.82033		64			0.67933		100			0.56100		136			0.44577		172			0.35863		208			0.29830
	29			0.81392		65			0.67617		101			0.55700		137			0.44326		173			0.35695		209			0.29662
	30			0.80750		66			0.67300		102			0.55300		138			0.44074		174			0.35528		210			0.29495
	31			0.80108		67			0.66983		103			0.54900		139			0.43823		175			0.35360		211			0.29327
	32			0.79467		68			0.66667		104			0.54500		140			0.43572		176			0.35192		212			0.29159
	33			0.78825		69			0.66350		105			0.54100		141			0.43320		177			0.35025		213			0.28992
	34			0.78183		70			0.66033		106			0.53700		142			0.43069		178			0.34857		214			0.28824
	35			0.77542		71			0.65717		107			0.53300		143			0.42817		179			0.34690		215			0.28657

Exact Age in (    ) Effective Date: January 1, 1990

14

APPENDICES

Sub appendix A. 1

TABLE E–

Conversion From 50% Joint & Survivor to 100% Joint & Survivor

CECONY Management Participants and CECONY Weekly Participants

Not Applicable to CECONY Weekly Participants –1

PENSIONER

Age Of Bene.		* * *		45		46		47		48		49		50		51		52		53		54		55		56		57		58		59		60
	35		*		.9641		.9611		.9580		.9548		.9513		.9476		.9437		.9397		.9353		.9307		.9259		.9208		.9154		.9097		.9037		.8974
	36		*		.9649		.9620		.9589		.9557		.9522		.9486		.9448		.9406		.9363		.9318		.9270		.9219		.9165		.9109		.9049		.8986
	37		*		.9658		.9629		.9598		.9566		.9533		.9496		.9458		.9417		.9375		.9329		.9281		.9230		.9177		.9120		.9061		.8998
	38		*		.9666		.9639		.9608		.9577		.9542		.9506		.9468		.9428		.9386		.9341		.9293		.9243		.9189		.9133		.9073		.9010
	39		*		.9675		.9647		.9618		.9585		.9553		.9518		.9479		.9441		.9398		.9353		.9305		.9256		.9202		.9146		.9087		.9024
	40		*		.9684		.9657		.9627		.9597		.9563		.9529		.9491		.9452		.9410		.9366		.9318		.9269		.9216		.9160		.9100		.9039
	41		*		.9693		.9666		.9637		.9606		.9574		.9540		.9503		.9464		.9423		.9379		.9332		.9282		.9230		.9174		.9115		.9053
	42		*		.9702		.9677		.9648		.9618		.9586		.9551		.9515		.9477		.9436		.9392		.9346		.9297		.9244		.9188		.9130		.9069
	43		*		.9711		.9686		.9658		.9629		.9598		.9564		.9527		.9490		.9450		.9406		.9361		.9311		.9260		.9204		.9145		.9084
	44		*		.9721		.9697		.9668		.9640		.9609		.9576		.9541		.9504		.9463		.9421		.9375		.9327		.9275		.9221		.9162		.9102
	45		*		.9731		.9707		.9679		.9651		.9620		.9588		.9554		.9517		.9478		.9436		.9390		.9342		.9291		.9237		.9180		.9119
	46		*		.9740		.9716		.9690		.9662		.9632		.9601		.9567		.9531		.9492		.9451		.9406		.9359		.9308		.9254		.9198		.9137
	47		*		.9750		.9726		.9701		.9674		.9645		.9614		.9581		.9545		.9507		.9466		.9423		.9375		.9326		.9272		.9216		.9156
	48		*		.9759		.9736		.9712		.9686		.9658		.9627		.9594		.9560		.9522		.9482		.9439		.9392		.9344		.9291		.9234		.9175
	49		*		.9769		.9746		.9723		.9698		.9670		.9640		.9608		.9574		.9538		.9499		.9456		.9411		.9362		.9310		.9254		.9195
	50		*		.9778		.9757		.9734		.9709		.9682		.9654		.9622		9589		.9553		.9515		.9474		.9428		.9381		.9330		.9275		.9216
	51		*		.9788		.9768		.9745		.9720		.9695		.9667		.9637		.9604		.9569		.9531		.9491		.9446		.9400		.9349		.9296		.9238
	52		*		.9797		.9777		.9756		.9732		.9707		.9679		.9651		.9619		.9585		.9549		.9508		.9466		.9420		.9370		.9317		.9260
	53		*		.9806		.9788		.9766		.9743		.9720		.9693		.9665		.9634		.9601		.9565		.9526		.9485		.9440		.9391		.9338		.9282
	54		*		.9815		.9797		.9777		.9755		.9732		.9706		.9680		.9650		.9617		.9582		.9544		.9504		.9460		.9411		.9360		.9305
	55		*		.9824		.9806		.9788		.9766		.9744		.9720		.9694		.9665		.9634		.9600		.9563		.9524		.9480		.9433		.9382		.9329
	56		*		.9833		.9816		.9797		.9778		.9756		.9732		.9707		.9680		.9650		.9617		.9582		.9543		.9501		.9455		.9406		.9353
	57		*		.9842		.9825		.9808		.9789		.9768		.9746		.9721		.9695		.9667		.9634		.9600		.9562		.9521		.9477		.9430		.9378
	58		*		.9850		.9834		.9818		.9800		.9781		.9759		.9735		.9710		.9682		.9652		.9618		.9582		.9542		.9500		.9453		.9402
	59		*		.9858		.9843		.9829		.9810		.9791		.9772		.9749		.9724		.9698		.9668		.9636		.9602		.9564		.9522		.9477		.9427
	60		*		.9867		.9853		.9838		.9821		.9803		.9784		.9763		.9739		.9714		.9686		.9655		.9621		.9585		.9544		.9501		.9453

15

APPENDICES

Sub appendix A. 1

TABLE E–

Conversion From 50% Joint & Survivor To 100 % Joint & Survivor

CECONY Management Participants And CECONY Weekly Participants

Not Applicable To CECONY Weekly Participants –1

PENSIONER

Age Of Bene.		* * *		45		46		47		48		49		50		51		52		53		54		55		56		57		58		59		60
	61		*		.9874		.9861		.9847		.9831		.9814		.9796		.9776		.9753		.9729		.9702		.9673		.9641		.9606		.9567		.9524		.9478
	62		*		.9882		.9872		.9856		.9841		.9825		.9808		.9788		.9767		.9744		.9718		.9691		.9660		.9626		.9589		.9548		.9503
	63		*		.9889		.9878		.9865		.9851		.9835		.9819		.9801		.9781		.9759		.9735		.9709		.9679		.9647		.9610		.9571		.9529
	64		*		.9896		.9886		.9873		.9861		.9845		.9831		.9813		.9794		.9774		.9751		.9725		.9697		.9667		.9632		.9595		.9554
	65		*		.9903		.9893		.9881		.9869		.9855		.9841		.9824		.9807		.9788		.9766		.9742		.9715		.9686		.9654		.9618		.9579
	66		*		.9909		.9900		.9889		.9878		.9866		.9852		.9836		.9819		.9801		.9781		.9758		.9733		.9706		.9675		.9641		.9603
	67		*		.9915		.9907		.9897		.9886		.9874		.9861		.9847		.9831		.9814		.9795		.9774		.9750		.9724		.9695		.9662		.9627
	68		*		.9921		.9913		.9904		.9894		.9883		.9871		.9858		.9843		.9827		.9809		.9789		.9767		.9742		.9716		.9684		.9650
	69		*		.9927		.9919		.9911		.9901		.9892		.9880		.9867		.9854		.9839		.9823		.9803		.9783		.9759		.9734		.9705		.9673
	70		*		.9932		.9925		.9918		.9909		.9899		.9889		.9878		.9864		.9851		.9835		.9817		.9798		.9777		.9752		.9726		.9694
	71		*		.9938		.9931		.9923		.9915		.9906		.9896		.9887		.9875		.9862		.9847		.9831		.9813		.9793		.9770		.9745		.9716
	72		*		.9943		.9936		.9929		.9921		.9914		.9905		.9895		.9884		.9872		.9859		.9845		.9828		.9808		.9787		.9763		.9737
	73		*		.9947		.9941		.9935		.9928		.9921		.9912		.9904		.9894		.9883		.9870		.9856		.9840		.9824		.9803		.9781		.9755
	74		*		.9951		.9946		.9940		.9934		.9926		.9919		.9911		.9902		.9892		.9880		.9867		.9853		.9837		.9819		.9798		.9774
	75		*		.9955		.9950		.9945		.9940		.9933		.9926		.9918		.9910		.9901		.9890		.9879		.9866		.9850		.9833		.9814		.9792
	76		*		.9959		.9954		.9950		.9945		.9938		.9932		.9925		.9918		.9909		.9899		.9889		.9877		.9862		.9847		.9829		.9809
	77		*		.9962		.9958		.9955		.9949		.9944		.9938		.9931		.9924		.9917		.9908		.9898		.9886		.9874		.9860		.9844		.9824
	78		*		.9966		.9962		.9959		.9953		.9949		.9944		.9937		.9932		.9923		.9916		.9907		.9896		.9885		.9871		.9857		.9841
	79		*		.9969		.9965		.9962		.9957		.9953		.9949		.9942		.9937		.9930		.9923		.9915		.9905		.9896		.9884		.9869		.9854
	80		*		.9972		.9969		.9965		.9962		.9957		.9953		.9948		.9942		.9937		.9930		.9923		.9914		.9905		.9893		.9880		.9867
	81		*		.9974		.9971		.9968		.9965		.9961		.9957		.9953		.9947		.9943		.9936		.9929		.9922		.9913		.9903		.9891		.9879
	82		*		.9977		.9974		.9971		.9968		.9964		.9961		.9956		.9953		.9948		.9942		.9936		.9929		.9921		.9912		.9902		.9890
	83		*		.9979		.9977		.9974		.9971		.9968		.9965		.9961		.9958		.9953		.9947		.9942		.9935		.9929		.9921		.9911		.9900
	84		*		.9981		.9979		.9976		.9974		.9971		.9968		.9965		.9961		.9957		.9952		.9947		.9941		.9935		.9927		.9920		.9909
	85		*		.9983		.9981		.9979		.9976		.9974		.9971		.9968		.9964		.9961		.9957		.9953		.9948		.9942		.9934		.9927		.9918

16

APPENDICES

TABLE E –

CONVERSION FROM 50% JOINT & SURVIVOR TO 100 % JOINT & SURVIVOR

CECONY Management Participants and CECONY Weekly Participants

Not Applicable to CECONY Weekly Participants –1

PENSIONER

Age Of Bene.		* * *		61		62		63		64		65		66		67		68		69		70		71		72		73		74		75
	35		*		.8909		.8840		.8767		.8692		.8615		.8535		.8452		.8368		.8281		.8193		8103		.8011		.7919		.7826		.7731
	36		*		.8920		.8851		.8779		.8703		.8626		.8546		.8463		.8379		.8292		.8204		.8114		.8022		.7930		.7835		.7741
	37		*		.8932		.8863		.8791		.8716		.8638		.8558		.8475		.8390		.8304		.8215		.8125		.8033		.7941		.7847		.7751
	38		*		.8945		.8875		.8803		.8729		.8651		.8571		.8488		.8404		.8317		.8227		.8138		.8045		.7952		.7857		.7762
	39		*		.8958		.8889		.8817		.8742		.8665		.8584		.8502		.8417		.8330		.8240		.8150		.8058		.7964		.7870		.7774
	40		*		.8972		.8904		.8832		.8757		.8679		.8599		.8516		.8431		.8344		.8255		.8164		.8071		.7977		.7883		.7787
	41		*		.8988		.8919		.8847		.8772		.8694		.8614		.8531		.8446		.8358		.8269		.8178		.8086		.7992		.7896		.7800
	42		*		.9002		.8934		.8863		.8788		.8710		.8630		.8546		.8461		.8374		.8284		.8194		.8101		.8007		.7911		.7814
	43		*		.9019		.8951		.8879		.8805		.8727		.8647		.8564		.8478		.8391		.9302		.8211		.8117		.8022		.7926		.7829
	44		*		.9036		.8968		.8896		.8823		.8745		.8664		.8581		.8496		.8404		.8318		.8227		.8013		.8039		.7943		.7846
	45		*		.9054		.8986		.8916		.8841		.8763		.8682		.8600		.8515		.8427		.8337		.8245		.8152		.8057		.7959		.7862
	46		*		.9073		.9005		.8935		.8860		.8783		.8702		.8619		.8534		.8446		.8356		.8265		.8170		.8075		.7979		.7880
	47		*		.9092		.9025		.8954		.8881		.8803		.8723		.8640		.8555		.8467		.8377		.8284		.8190		.8094		.7998		.7900
	48		*		.9112		.9045		.8975		.8902		.8824		.8745		.8661		.8576		.8488		.8398		.8305		.8212		.8116		.8018		.7920
	49		*		.9133		.9066		.8996		.8923		.8847		.8767		.8684		.8599		.8511		.8421		.8328		.8233		.8138		.8040		.7941
	50		*		.9154		.9089		.9019		.8946		.8870		.8791		.8707		.8622		.8534		.8445		.8352		.8258		.8160		.8062		.7963
	51		*		.9176		.9111		.9042		.8970		.8894		.8814		.8732		.8647		.8559		.8469		.8377		.8282		.8185		.8087		.7987
	52		*		.9199		.9134		.9066		.8995		.8919		.8840		.8758		.8673		.8585		.8495		.8403		.8308		.8211		.8112		.8012
	53		*		.9223		.9159		.9091		.9020		.8945		.8867		.8785		.8700		.8613		.8523		.8430		.8335		.8239		.8139		.8039
	54		*		.9246		.9183		.9117		.9046		.8972		.8894		.8813		.8728		.8641		.8551		.8459		.8364		.8267		.8167		.8067
	55		*		.9271		.9209		.9144		.9073		.9000		.8923		.8842		.8757		.8671		.8581		.8489		.8395		.8297		.8197		.8096
	56		*		.9296		.9235		.9171		.9102		.9028		.8952		.8872		.8789		.8703		.8612		.8521		.8426		.8328		.8229		.8128
	57		*		.9322		.9261		.9198		.9130		.9058		.8983		.8903		.8821		.8735		.8646		.8554		.8459		.8362		.8263		.8161
	58		*		.9348		.9289		.9226		.9159		.9089		.9014		.8935		.8854		.8768		.8680		.8589		.8494		.8397		.8297		.8196
	59		*		.9374		.9317		.9255		.9190		.9121		.9047		.8969		.8888		.8803		.8716		.8625		.8530		.8434		.8334		.8233
	60		*		.9401		.9346		.9285		.9221		.9152		.9080		.9003		.8924		.8840		.8753		.8663		.8569		.8472		.8372		.8271

17

APPENDICES

TABLE E –

CONVERSION FROM 50% JOINT & SURVIVOR TO 100 % JOINT & SURVIVOR

CECONY Management Participants and CECONY Weekly Participants

Not Applicable to CECONY Weekly Participants –1

PENSIONER

Age Of Bene.		* * *		61		62		63		64		65		66		67		68		69		70		71		72		73		74		75
	61		*		.9428		.9373		.9315		.9252		.9185		.9113		.9039		.8960		.8878		.8791		.8701		.8608		.8512		.8413		.8312
	62		*		.9454		.9402		.9345		.9284		.9218		.9149		.9074		.8998		.8916		.8830		.8742		.8649		.8554		.8455		.8354
	63		*		.9482		.9431		.9375		.9316		.9252		.9184		.9111		.9035		.8955		.8871		.8784		.8692		.8597		.8499		.8398
	64		*		.9509		.9459		.9406		.9348		.9285		.9219		.9149		.9074		.8995		.8912		.8826		.8736		.8641		.8544		.8443
	65		*		.9535		.9487		.9437		.9380		.9320		.9255		.9186		.9113		.9036		.8956		.8871		.8781		.8687		.8591		.8491
	66		*		.9562		.9516		.9466		.9412		.9354		.9291		.9225		.9153		.9078		.8998		.8914		.8827		.8735		.8638		.8540
	67		*		.9588		.9543		.9496		.9444		.9388		.9327		.9263		.9194		.9120		.9042		.8960		.8873		.8783		.8688		.8590
	68		*		.9612		.9571		.9525		.9475		.9422		.9363		.9301		.9234		.9162		.9086		.9006		.8922		.8832		.8739		.8642
	69		*		.9637		.9597		.9554		.9506		.9455		.9398		.9338		.9274		.9204		.9130		.9052		.8969		.8882		.8790		.8695
	70		*		.9661		.9623		.9582		.9537		.9488		.9433		.9375		.9313		.9245		.9174		.9098		.9018		.8933		.8843		.8749
	71		*		.9684		.9649		.9610		.9566		.9520		.9468		.9412		.9353		.9287		.9218		.9145		.9066		.8983		.8895		.8803
	72		*		.9706		.9673		.9636		.9596		.9551		.9502		.9449		.9391		.9329		.9263		.9191		.9116		.9035		.8948		.8859
	73		*		.9728		.9697		.9662		.9624		.9581		.9535		.9485		.9429		.9370		.9306		.9237		.9164		.9085		.9002		.8914
	74		*		.9748		.9720		.9687		.9650		.9611		.9566		.9519		.9467		.9409		.9348		.9283		.9211		.9136		.9055		.8970
	75		*		.9768		.9741		.9711		.9676		.9639		.9598		.9552		.9502		.9448		.9390		.9327		.9259		.9186		.9108		.9026
	76		*		.9787		.9761		.9732		.9702		.9666		.9627		.9584		.9537		.9486		.9431		.9371		.9306		.9235		.9160		.9080
	77		*		.9804		.9780		.9754		.9725		.9693		.9656		.9615		.9571		.9523		.9470		.9412		.9351		.9285		.9212		.9135
	78		*		.9821		.9799		.9774		.9747		.9716		.9682		.9644		.9603		.9557		.9508		.9454		.9396		.9331		.9262		.9188
	79		*		.9836		.9816		.9793		.9768		.9739		.9708		.9672		.9634		.9591		.9544		.9493		.9438		.9377		.9311		.9239
	80		*		.9850		.9832		.9811		.9788		.9761		.9732		.9699		.9663		.9623		.9579		.9531		.9478		.9421		.9357		.9290
	81		*		.9864		.9847		.9828		.9806		.9781		.9755		.9723		.9690		.9653		.9611		.9567		.9517		.9463		.9403		.9339
	82		*		.9876		.9861		.9843		.9824		.9801		.9775		.9747		.9716		.9681		.9644		.9601		.9553		.9503		.9447		.9386
	83		*		.9887		.9873		.9857		.9839		.9818		.9795		.9769		.9740		.9709		.9673		.9633		.9589		.9541		.9488		.9431
	84		*		.9898		.9885		.9871		.9854		.9835		.9813		.9789		.9763		.9732		.9701		.9664		.9624		.9578		.9529		.9474
	85		*		.9908		.9896		.9883		.9868		.9850		.9831		.9808		.9784		.9757		.9726		.9693		.9654		.9614		.9567		.9516

18

APPENDICES

TABLE F –

CONVERSION FROM 50% JOINT & SURVIVOR TO 100 % JOINT & SURVIVOR WITH POP UP

CECONY Management Participants and CECONY Weekly Participants

Not Applicable to CECONY Weekly Participants –1

PENSIONER

Age Of Bene.		* * *		45		46		47		48		49		50		51		52		53		54		55		56		57		58		59		60
	35		*		.9633		.9603		.9572		.9539		.9504		.9467		.9428		.9387		.9343		.9297		.9249		.9198		.9144		.9087		.9027		.8964
	36		*		.9641		.9612		.9580		.9548		.9513		.9476		.9437		.9396		.9353		.9308		.9259		.9208		.9154		.9098		.9037		.8974
	37		*		.9649		.9619		.9589		.9556		.9522		.9486		.9447		.9406		.9363		.9318		.9269		.9219		.9165		.9109		.9049		.8986
	38		*		.9657		.9628		.9598		.9565		.9531		.9495		.9457		.9417		.9374		.9329		.9280		.9230		.9176		.9120		.9060		.8997
	39		*		.9665		.9636		.9606		.9574		.9541		.9505		.9467		.9427		.9384		.9340		.9292		.9242		.9188		.9132		.9072		.9010
	40		*		.9673		.9645		.9615		.9584		.9550		.9516		.9477		.9438		.9396		.9351		.9304		.9253		.9200		.9144		.9085		.9023
	41		*		.9681		.9653		.9624		.9593		.9560		.9525		.9488		.9449		.9407		.9363		.9315		.9265		.9213		.9157		.9098		.9035
	42		*		.9690		.9663		.9634		.9603		.9570		.9536		.9499		.9460		.9419		.9375		.9328		.9279		.9227		.9170		.9111		.9050
	43		*		.9698		.9672		.9643		.9614		.9582		.9547		.9511		.9472		.9431		.9387		.9341		.9291		.9240		.9184		.9126		.9064
	44		*		.9707		.9681		.9653		.9623		.9591		.9558		.9522		.9484		.9444		.9400		.9354		.9306		.9254		.9199		.9140		.9079
	45		*		.9716		.9690		.9662		.9633		.9603		.9569		9534		.9496		.9457		.9414		.9368		.9320		.9268		.9214		.9156		.9095
	46		*		.9724		.9699		.9672		.9644		.9613		.9581		.9546		.9509		.9470		.9427		.9382		.9335		.9283		.9229		.9172		.9111
	47		*		.9732		.9708		.9682		.9655		.9624		.9592		.9559		.9522		.9483		.9441		.9397		.9349		.9299		.9245		.9188		.9127
	48		*		.9741		.9718		.9692		.9665		.9635		.9604		.9570		.9535		.9497		.9456		.9411		.9364		.9315		.9261		.9204		.9145
	49		*		.9750		.9727		.9702		.9675		.9647		.9616		.9582		.9548		.9510		.9470		.9426		.9380		.9331		.9278		.9222		.9162
	50		*		.9759		.9736		.9712		.9686		.9657		.9628		.9595		.9561		.9525		.9485		.9442		.9396		.9347		.9296		.9240		.9181
	51		*		.9767		.9745		.9721		.9696		.9669		.9640		.9608		.9574		.9538		.9499		.9458		.9413		.9365		.9313		.9259		.9200
	52		*		.9775		.9754		.9731		.9707		.9680		.9651		.9620		.9588		.9552		.9515		.9473		.9429		.9382		.9331		.9277		.9219
	53		*		.9784		.9764		.9741		.9717		.9691		.9663		.9634		.9602		.9567		.9529		.9489		.9446		.9399		.9349		.9295		.9239
	54		*		.9792		.9772		.9751		.9727		.9703		.9675		.9646		.9612		.9581		.9545		.9505		.9463		.9417		.9368		.9315		.9258
	55		*		.9800		.9780		.9760		.9737		.9713		.9687		.9659		.9628		.9595		.9560		.9520		.9480		.9435		.9386		.9334		.9279
	56		*		.9808		.9789		.9769		.9747		.9724		.9698		.9671		.9641		.9609		.9574		.9538		.9496		.9454		.9406		.9355		.9299
	57		*		.9816		.9798		.9779		.9757		.9734		.9710		.9683		.9654		.9624		.9590		.9553		.9514		.9471		.9424		.9375		.9321
	58		*		.9823		.9806		.9787		.9767		.9746		.9721		.9695		.9668		.9637		.9605		.9569		.9531		.9489		.9445		.9395		.9343
	59		*		.9831		.9813		.9796		.9776		.9755		.9733		.9707		.9680		.9651		.9620		.9585		.9548		.9507		.9464		.9415		.9363
	60		*		.9838		.9822		.9804		.9785		.9765		.9743		.9720		.9693		.9666		.9635		.9602		.9565		.9525		.9482		.9436		.9385

19

APPENDICES

TABLE F –

CONVERSION FROM 50% JOINT & SURVIVOR TO 100 % JOINT & SURVIVOR WITH POP UP

CECONY Management Participants and CECONY Weekly Participants

Not Applicable to CECONY Weekly Participants –1

PENSIONER

Age Of Bene.		* * *		45		46		47		48		49		50		51		52		53		54		55		56		57		58		59		60
	61		*		.9845		.9830		.9813		.9795		.9775		.9754		.9732		.9706		.9679		.9649		.9617		.9582		.9543		.9501		.9456		.9407
	62		*		.9852		.9837		.9821		.9804		.9785		.9765		.9742		.9719		.9692		.9664		.9633		.9599		.9561		.9520		.9476		.9428
	63		*		.9858		.9845		.9829		.9813		.9794		.9775		.9754		.9730		.9705		.9678		.9649		.9615		.9579		.9539		.9496		.9450
	64		*		.9865		.9851		.9836		.9821		.9803		.9785		.9765		.9742		.9718		.9692		.9663		.9631		.9596		.9558		.9517		.9471
	65		*		.9871		.9858		.9844		.9829		.9813		.9795		.9775		.9754		.9731		.9706		.9678		.9646		.9613		.9577		.9537		.9493
	66		*		.9877		.9864		.9851		.9837		.9821		.9804		.9786		.9765		.9743		.9718		.9692		.9662		.9631		.9595		.9556		.9513
	67		*		.9883		.9871		.9859		.9844		.9829		.9813		.9795		.9775		.9754		.9732		.9706		.9678		.9647		.9613		.9575		.9534
	68		*		.9888		.9878		.9864		.9852		.9837		.9822		.9805		.9786		.9767		.9744		.9720		.9693		.9662		.9630		.9594		.9554
	69		*		.9894		.9883		.9871		.9858		.9845		.9830		.9814		.9797		.9778		.9756		.9733		.9707		.9678		.9647		.9612		.9575
	70		*		.9899		.9888		.9878		.9865		.9852		.9838		.9823		.9806		.9788		.9768		.9746		.9721		.9694		.9664		.9630		.9593
	71		*		.9904		.9894		.9884		.9872		.9859		.9846		.9832		.9816		.9799		.9779		.9758		.9735		.9708		.9680		.9648		.9612
	72		*		.9909		.9899		.9889		.9878		.9867		.9854		.9841		.9825		.9808		.9790		.9770		.9747		.9723		.9696		.9665		.9631
	73		*		.9913		.9904		.9895		.9885		.9873		.9861		.9849		.9833		.9818		.9801		.9781		.9761		.9737		.9710		.9682		.9648
	74		*		.9917		.9910		.9900		.9891		.9879		.9869		.9856		.9842		.9828		.9812		.9792		.9773		.9750		.9725		.9697		.9666
	75		*		.9922		.9914		.9906		.9896		.9886		.9875		.9863		.9850		.9837		.9821		.9804		.9778		.9763		.9739		.9712		.9682
	76		*		.9926		.9918		.9910		.9902		.9891		.9881		.9871		.9858		.9845		.9830		.9814		.9796		.9775		.9753		.9727		.9698
	77		*		.9930		.9922		.9915		.9907		.9898		.9887		.9877		.9865		.9853		.9839		.9823		.9806		.9787		.9766		.9742		.9715
	78		*		.9934		.9927		.9919		.9911		.9903		.9893		.9883		.9872		.9860		.9847		.9833		.9817		.9798		.9777		.9756		.9730
	79		*		.9937		.9931		.9923		.9915		.9907		.9899		.9889		.9879		.9868		.9856		.9842		.9826		.9809		.9790		.9768		.9744
	80		*		.9941		.9934		.9928		.9921		.9913		.9904		.9895		.9886		.9875		.9864		.9851		.9836		.9820		.9801		.9780		.9758
	81		*		.9943		.9937		.9931		.9924		.9917		.9910		.9901		.9891		.9882		.9870		.9858		.9845		.9830		.9813		.9792		.9771
	82		*		.9947		.9941		.9935		.9928		.9922		.9914		.9906		.9898		.9889		.9878		.9866		.9853		.9839		.9823		.9804		.9784
	83		*		.9950		.9944		.9939		.9933		.9926		.9920		.9911		.9904		.9894		.9885		.9874		.9862		.9849		.9833		.9815		.9796
	84		*		.9953		.9948		.9942		.9936		.9930		.9924		.9916		.9909		.9900		.9891		.9882		.9870		.9857		.9842		.9827		.9808
	85		*		.9955		.9951		.9946		.9939		.9934		.9928		.9921		.9914		.9906		.9897		.9888		.9878		.9865		.9851		.9836		.9818

20

APPENDICES

TABLE F –

CONVERSION FROM 50% JOINT & SURVIVOR TO 100 % JOINT & SURVIVOR WITH POP UP

CECONY Management Participants and CECONY Weekly Participants

Not Applicable to CECONY Weekly Participants –1

PENSIONER

Age Of Bene.		* * *		61		62		63		64		65		66		67		68		69		70		71		72		73		74		75
	35		*		.8898		.8829		.8757		.8682		.8605		.8525		.8443		.8358		.8272		.8184		.8095		.8003		.7911		.7818		.7724
	36		*		.8908		.8840		.8768		.8693		.8615		.8535		.8453		.8368		.8282		.8194		.8104		.8013		.7920		.7826		.7732
	37		*		.8920		.8851		.8779		.8704		.8627		.8546		.8464		.8380		.8293		.8204		.8115		.8023		.7931		.7837		.7743
	38		*		.8932		.8862		.8791		.8715		.8638		.8558		.8475		.8391		.8305		.8216		.8127		.8034		.7942		.7848		.7753
	39		*		.8944		.8875		.8803		.8727		.8651		.8571		.8488		.8403		.8317		.8228		.8138		.8046		.7953		.7859		.7764
	40		*		.8956		.8888		.8816		.8742		.8663		.8583		.8501		.8416		.8330		.8240		.8150		.8058		.7965		.7871		.7775
	41		*		.8970		.8901		.8829		.8755		.8678		.8597		.8515		.8430		.8342		.8254		.8164		.8071		.7977		.7883		.7788
	42		*		.8984		.8916		.8844		.8769		.8691		.8612		.8528		.8444		.8356		.8268		.8177		.8085		.7991		.7896		.7800
	43		*		.8998		.8931		.8859		.8784		.8707		.8626		.8544		.8458		.8371		.8283		.8192		.8099		.8005		.7910		.7813
	44		*		.9014		.8946		.8874		.8800		.8722		.8642		.8559		.8474		.8387		.8298		.8207		.8114		.8020		.7924		.7828
	45		*		.9030		.8962		.8891		.8816		.8738		.8658		.8576		.8491		.8403		.8314		.8223		.8130		.8035		.7940		.7843
	46		*		.9046		.8978		.8908		.8833		.8756		.8676		.8593		.8508		.8420		.8331		.8241		.8147		.8052		.7956		.7859
	47		*		.9063		.8996		.8925		.8852		.8774		.8694		.8611		.8526		.8439		.8350		.8258		.8164		.8069		.7973		.7877
	48		*		.9081		.9013		.8944		.8870		.8792		.8713		.8630		.8545		.8457		.8368		.8277		.8184		.8088		.7992		.7894
	49		*		.9099		.9032		.8962		.8889		.8812		.8733		.8650		.8565		.8478		.8388		.8296		.8203		.8107		.8011		.7913
	50		*		.9118		.9052		.8982		.8909		.8833		.8754		.8671		.8586		.8498		.8409		.8318		.8224		.8127		.8030		.7932
	51		*		.9138		.9072		.9002		.8930		.8854		.8774		.8692		.8608		.8520		.8431		.8339		.8245		.8149		.8052		.7953
	52		*		.9158		.9092		.9023		.8951		.8876		.8796		.8714		.8630		.8542		.8454		.8362		.8268		.8172		.8074		.7975
	53		*		.9178		.9113		.9045		.8973		.8898		.8820		.8737		.8653		.8567		.8477		.8386		.8292		.8196		.8098		.7999
	54		*		.9199		.9135		.9067		.8996		.8922		.8843		.8762		.8678		.8591		.8502		.8411		.8317		.8220		.8122		.8023
	55		*		.9220		.9157		.9090		.9020		.8946		.8868		.8787		.8703		.8617		.8528		.8436		.8342		.8246		.8148		.8048
	56		*		.9242		.9180		.9113		.9044		.8970		.8892		.8812		.8730		.8644		.8554		.8463		.8370		.8274		.8176		.8076
	57		*		.9263		.9202		.9137		.9068		.8995		.8919		.8839		.8757		.8671		.8582		.8492		.8398		.8302		.8203		.8105
	58		*		.9285		.9225		.9160		.9093		.9021		.8945		.8866		.8785		.8699		.8611		.8521		.8427		.8331		.8234		.8134
	59		*		.9309		.9250		.9186		.9118		.9048		.8973		.8895		.8813		.8728		.8641		.8551		.8457		.8362		.8264		.8164
	60		*		.9331		.9273		.9210		.9144		.9074		.9001		.8922		.8842		.8758		.8672		.8582		.8490		.8394		.8296		.8196

21

APPENDICES

TABLE F –

CONVERSION FROM 50% JOINT & SURVIVOR TO 100 % JOINT & SURVIVOR WITH POP UP

CECONY Management Participants and CECONY Weekly Participants

Not Applicable to CECONY Weekly Participants –1

PENSIONER

Age Of Bene.		* * *		61		62		63		64		65		66		67		68		69		70		71		72		73		74		75
	61		*		.9354		.9297		.9235		.9170		.9101		.9628		.8952		.8872		.8790		.8702		.8613		.8522		.8426		.8329		.8230
	62		*		.9377		.9320		.9261		.9197		.9129		.9057		.8982		8904		.8821		.8735		.8647		.8555		.8460		.8363		.8264
	63		*		.9399		.9345		.9286		.9224		.9156		.9087		.9012		.8934		.8853		.8768		.8680		.8589		.8495		.8398		.8299
	64		*		.9423		.9369		.9312		.9250		.9185		.9115		.9042		.8966		.8885		.8801		.8715		.8624		.8531		.8434.		.8336
	65		*		.9445		.9392		.9337		.9277		.9213		.9144		.9073		.8998		.8918		.8836		.8750		.8661		8567		.8472		.8374
	66		*		.9467		.9416		.9362		.9303		.9241		.9174		.9104		.9030		.8952		.8870		.8785		.8696		.8605		.8510		.8412
	67		*		.9489		.9440		.9387		.9330		.9269		.9204		.9135		.9062		.8986		.8905		.8821		.8734		.8642		.8549		.8451
	68		*		.9511		.9463		.9411		.9356		.9297		.9234		.9166		.9095		.9019		.8941		.8858		.8772		.8681		.8588		.8493
	69		*		.9532		.9486		.9436		.9382		.9324		.9262		.9197		.9128		.9053		.8976		.8895		.8809		.8720		.8629		.8533
	70		*		.9553		9509		.9461		.9409		.9353		.9292		.9227		.9159		.9087		.9011		.8931		.8847		.8760		.8669		.8575
	71		*		.9573		.9531		.9484		.9434		.9379		.9320		.9258		.9192		.9121		.9046		.8968		.8886		.8800		.8710		.8617
	72		*		.9593		.9552		.9507		.9459		.9406		.9349		.9289		.9224		.9154		.9082		.9006		.8925		.8840		.8752		.8660
	73		*		.9612		.9573		.9530		.9483		.9432		.9377		.9318		.9254		.9189		.9117		.9043		.8963		.8880		.8794		.8702
	74		*		.9631		.9594		.9553		.9507		.9458		.9405		.9348		.9286		.9221		.9152		.9080		.9001		.8920		.8835		.8746
	75		*		.9649		.9614		.9575		.9531		.9482		.9432		.9376		.9317		.9254		.9186		.9115		.9039		.8960		.8876		.8789
	76		*		.9667		.9633		.9594		.9553		.9508		.9457		.9404		.9347		.9285		.9221		.9151		.9077		.9000		.8918		.8832
	77		*		.9685		.9652		.9615		.9575		.9531		.9483		.9432		.9376		.9318		.9254		.9187		.9114		.9039		.8960		.8875
	78		*		.9701		.9669		.9634		.9597		.9554		.9508		.9458		.9405		.9348		.9287		.9221		.9153		.9078		.9000		.8918
	79		*		.9717		.9687		.9653		.9616		.9576		.9532		.9485		.9434		.9378		.9319		.9255		.9189		.9116		.9040.		.8960
	80		*		.9732		.9703		.9672		.9636		.9598		.9556		.9510		.9460		.9407		.9350		.9288		.9223		.9154		.9079		.9001
	81		*		.9747		.9720		.9690		.9656		.9618		.9579		.9534		.9487		.9435		.9380		.9322		.9258		.9191		.9118		.9042
	82		*		.9760		.9735		.9706		.9674		.9639		.9600		.9558		.9512		.9463		.9411		.9354		.9292		.9227		.9157		.9083
	83		*		.9774		.9749		.9722		.9691		.9658		.9621		.9581		.9537		.9491		.9439		.9386		.9326		.9263		.9195		.9123
	84		*		9787		.9764		.9737		.9709		.9676		.9641		.9603		.9562		.9516		.9469		.9416		.9359		.9297		.9232		.9163
	85		*		.9799		.9777		.9753		.9725		.9695		.9661		.9625		.9585		.9543		.9495		.9445		.9390		.9333.		.9269		.9202

22

Sub appendix A. 1

TABLE G –

Factor for Level Income

CECONY Participants

Whose Distributions Began

Before January 1, 2005

Table G is no longer current; Table G applied to distributions before January 1, 2005.

See prior Retirement Plan for historical factors

See the Plan Part I, Article V, for updates

23

APPENDICES

TABLE H-1

Consolidated Edison Retirement Plan

Option Factors Applicable to CECONY Participants only

Not Applicable to CECONY Weekly-1 or CEI Participants

75% Joint and Survivor Without Popup

		PENSIONER’S AGE
		25		26		27		28		29		30		31		32		33		34		35		36		37		38		39		40		41		42		43
	25		0.9955		0.9951		0.9947		0.9943		0.9938		0.9933		0.9927		0.9921		0.9914		0.9907		0.9899		0.9891		0.9882		0.9872		0.9861		0.9850		0.9838		0.9825		0.9812
	26		0.9956		0.9953		0.9949		0.9944		0.9939		0.9934		0.9929		0.9923		0.9916		0.9909		0.9901		0.9893		0.9884		0.9874		0.9864		0.9853		0.9841		0.9828		0.9814
	27		0.9958		0.9954		0.9950		0.9946		0.9941		0.9936		0.9930		0.9924		0.9918		0.9911		0.9903		0.9895		0.9886		0.9877		0.9866		0.9855		0.9844		0.9831		0.9817
	28		0.9959		0.9955		0.9951		0.9947		0.9943		0.9938		0.9932		0.9926		0.9920		0.9913		0.9905		0.9897		0.9889		0.9879		0.9869		0.9858		0.9846		0.9834		0.9820
	29		0.9960		0.9957		0.9953		0.9949		0.9944		0.9939		0.9934		0.9928		0.9922		0.9915		0.9908		0.9900		0.9891		0.9882		0.9872		0.9861		0.9849		0.9837		0.9824
	30		0.9961		0.9958		0.9954		0.9950		0.9946		0.9941		0.9936		0.9930		0.9924		0.9917		0.9910		0.9902		0.9894		0.9884		0.9875		0.9864		0.9852		0.9840		0.9827
	31		0.9962		0.9959		0.9956		0.9952		0.9947		0.9943		0.9938		0.9932		0.9926		0.9919		0.9912		0.9905		0.9896		0.9887		0.9877		0.9867		0.9856		0.9843		0.9830
	32		0.9964		0.9960		0.9957		0.9953		0.9949		0.9944		0.9939		0.9934		0.9928		0.9922		0.9915		0.9907		0.9899		0.9890		0.9880		0.9870		0.9859		0.9847		0.9834
	33		0.9965		0.9962		0.9958		0.9955		0.9951		0.9946		0.9941		0.9936		0.9930		0.9924		0.9917		0.9910		0.9902		0.9893		0.9883		0.9873		0.9862		0.9850		0.9837
	34		0.9966		0.9963		0.9960		0.9956		0.9952		0.9948		0.9943		0.9938		0.9932		0.9926		0.9919		0.9912		0.9904		0.9896		0.9886		0.9876		0.9865		0.9854		0.9841
	35		0.9967		0.9964		0.9961		0.9958		0.9954		0.9950		0.9945		0.9940		0.9934		0.9928		0.9922		0.9915		0.9907		0.9899		0.9889		0.9880		0.9869		0.9857		0.9845
	36		0.9968		0.9966		0.9962		0.9959		0.9955		0.9951		0.9947		0.9942		0.9937		0.9931		0.9924		0.9917		0.9910		0.9902		0.9893		0.9883		0.9872		0.9861		0.9849
	37		0.9969		0.9967		0.9964		0.9960		0.9957		0.9953		0.9949		0.9944		0.9939		0.9933		0.9927		0.9920		0.9913		0.9905		0.9896		0.9886		0.9876		0.9865		0.9853
	38		0.9971		0.9968		0.9965		0.9962		0.9958		0.9955		0.9950		0.9946		0.9941		0.9935		0.9929		0.9923		0.9915		0.9908		0.9899		0.9890		0.9879		0.9868		0.9857
	39		0.9972		0.9969		0.9966		0.9963		0.9960		0.9956		0.9952		0.9948		0.9943		0.9938		0.9932		0.9925		0.9918		0.9911		0.9902		0.9893		0.9883		0.9872		0.9861
	40		0.9973		0.9970		0.9968		0.9965		0.9961		0.9958		0.9954		0.9950		0.9945		0.9940		0.9934		0.9928		0.9921		0.9914		0.9905		0.9896		0.9887		0.9876		0.9865
	41		0.9974		0.9971		0.9969		0.9966		0.9963		0.9960		0.9956		0.9952		0.9947		0.9942		0.9937		0.9930		0.9924		0.9917		0.9909		0.9900		0.9890		0.9880		0.9869
	42		0.9975		0.9973		0.9970		0.9967		0.9964		0.9961		0.9957		0.9953		0.9949		0.9944		0.9939		0.9933		0.9927		0.9920		0.9912		0.9903		0.9894		0.9884		0.9873
	43		0.9976		0.9974		0.9971		0.9969		0.9966		0.9963		0.9959		0.9955		0.9951		0.9946		0.9941		0.9936		0.9929		0.9923		0.9915		0.9907		0.9898		0.9888		0.9878
	44		0.9977		0.9975		0.9972		0.9970		0.9967		0.9964		0.9961		0.9957		0.9953		0.9949		0.9944		0.9938		0.9932		0.9926		0.9918		0.9910		0.9902		0.9892		0.9882
	45		0.9978		0.9976		0.9974		0.9971		0.9969		0.9966		0.9963		0.9959		0.9955		0.9951		0.9946		0.9941		0.9935		0.9929		0.9922		0.9914		0.9905		0.9896		0.9886
	46		0.9979		0.9977		0.9975		0.9972		0.9970		0.9967		0.9964		0.9961		0.9957		0.9953		0.9948		0.9943		0.9938		0.9931		0.9925		0.9917		0.9909		0.9900		0.9890
	47		0.9980		0.9978		0.9976		0.9974		0.9971		0.9969		0.9966		0.9962		0.9959		0.9955		0.9950		0.9946		0.9940		0.9934		0.9928		0.9921		0.9913		0.9904		0.9895
	48		0.9980		0.9979		0.9977		0.9975		0.9973		0.9970		0.9967		0.9964		0.9961		0.9957		0.9953		0.9948		0.9943		0.9937		0.9931		0.9924		0.9916		0.9908		0.9899
	49		0.9981		0.9980		0.9978		0.9976		0.9974		0.9971		0.9969		0.9966		0.9962		0.9959		0.9955		0.9950		0.9945		0.9940		0.9934		0.9927		0.9920		0.9912		0.9903
	50		0.9982		0.9981		0.9979		0.9977		0.9975		0.9973		0.9970		0.9967		0.9964		0.9961		0.9957		0.9953		0.9948		0.9943		0.9937		0.9931		0.9924		0.9916		0.9907
	51		0.9983		0.9982		0.9980		0.9978		0.9976		0.9974		0.9972		0.9969		0.9966		0.9963		0.9959		0.9955		0.9950		0.9945		0.9940		0.9934		0.9927		0.9920		0.9911
	52		0.9984		0.9982		0.9981		0.9979		0.9977		0.9975		0.9973		0.9970		0.9968		0.9964		0.9961		0.9957		0.9953		0.9948		0.9943		0.9937		0.9930		0.9923		0.9915
	53		0.9985		0.9983		0.9982		0.9980		0.9978		0.9977		0.9974		0.9972		0.9969		0.9966		0.9963		0.9959		0.9955		0.9951		0.9946		0.9940		0.9934		0.9927		0.9919
	54		0.9985		0.9984		0.9983		0.9981		0.9980		0.9978		0.9976		0.9973		0.9971		0.9968		0.9965		0.9961		0.9957		0.9953		0.9948		0.9943		0.9937		0.9931		0.9923
	55		0.9986		0.9985		0.9984		0.9982		0.9981		0.9979		0.9977		0.9975		0.9972		0.9970		0.9967		0.9963		0.9960		0.9956		0.9951		0.9946		0.9940		0.9934		0.9927

24

APPENDICES

TABLE H-1 (cont’d)

Consolidated Edison Retirement Plan

Option Factors Applicable to CECONY Participants only

Not Applicable to CECONY Weekly-1 or CEI Participants

75% Joint and Survivor Without Popup

		PENSIONER’S AGE
		25		26		27		28		29		30		31		32		33		34		35		36		37		38		39		40		41		42		43
	56		0.9987		0.9986		0.9984		0.9983		0.9982		0.9980		0.9978		0.9976		0.9974		0.9971		0.9968		0.9965		0.9962		0.9958		0.9954		0.9949		0.9943		0.9937		0.9931	0.9924
	57		0.9987		0.9986		0.9985		0.9984		0.9983		0.9981		0.9979		0.9977		0.9975		0.9973		0.9970		0.9967		0.9964		0.9960		0.9956		0.9952		0.9946		0.9941		0.9935	0.9928
	58		0.9988		0.9987		0.9986		0.9985		0.9984		0.9982		0.9981		0.9979		0.9977		0.9974		0.9972		0.9969		0.9966		0.9962		0.9959		0.9954		0.9949		0.9944		0.9938	0.9932
	59		0.9989		0.9988		0.9987		0.9986		0.9985		0.9983		0.9982		0.9980		0.9978		0.9976		0.9974		0.9971		0.9968		0.9965		0.9961		0.9957		0.9952		0.9947		0.9942	0.9935
	60		0.9989		0.9989		0.9988		0.9987		0.9985		0.9984		0.9983		0.9981		0.9979		0.9977		0.9975		0.9973		0.9970		0.9967		0.9963		0.9959		0.9955		0.9950		0.9945	0.9939
	61		0.9990		0.9989		0.9988		0.9987		0.9986		0.9985		0.9984		0.9982		0.9981		0.9979		0.9977		0.9974		0.9972		0.9969		0.9965		0.9962		0.9958		0.9953		0.9948	0.9943
	62		0.9991		0.9990		0.9989		0.9988		0.9987		0.9986		0.9985		0.9983		0.9982		0.9980		0.9978		0.9976		0.9973		0.9971		0.9968		0.9964		0.9960		0.9956		0.9951	0.9946
	63		0.9991		0.9991		0.9990		0.9989		0.9988		0.9987		0.9986		0.9984		0.9983		0.9981		0.9979		0.9977		0.9975		0.9973		0.9970		0.9966		0.9963		0.9959		0.9954	0.9950
	64		0.9992		0.9991		0.9990		0.9990		0.9989		0.9988		0.9987		0.9985		0.9984		0.9983		0.9981		0.9979		0.9977		0.9974		0.9972		0.9969		0.9965		0.9962		0.9957	0.9953
	65		0.9992		0.9992		0.9991		0.9990		0.9989		0.9989		0.9988		0.9986		0.9985		0.9984		0.9982		0.9980		0.9978		0.9976		0.9974		0.9971		0.9968		0.9964		0.9960	0.9956
	66		0.9993		0.9992		0.9992		0.9991		0.9990		0.9989		0.9988		0.9987		0.9986		0.9985		0.9983		0.9982		0.9980		0.9978		0.9975		0.9973		0.9970		0.9967		0.9963	0.9959
	67		0.9993		0.9993		0.9992		0.9992		0.9991		0.9990		0.9989		0.9988		0.9987		0.9986		0.9985		0.9983		0.9981		0.9979		0.9977		0.9975		0.9972		0.9969		0.9965	0.9962
	68		0.9994		0.9993		0.9993		0.9992		0.9991		0.9991		0.9990		0.9989		0.9988		0.9987		0.9986		0.9984		0.9983		0.9981		0.9979		0.9977		0.9974		0.9971		0.9968	0.9964
	69		0.9994		0.9994		0.9993		0.9993		0.9992		0.9991		0.9991		0.9990		0.9989		0.9988		0.9987		0.9985		0.9984		0.9982		0.9980		0.9978		0.9976		0.9973		0.9970	0.9967
	70		0.9995		0.9994		0.9994		0.9993		0.9993		0.9992		0.9991		0.9991		0.9990		0.9989		0.9988		0.9987		0.9985		0.9984		0.9982		0.9980		0.9978		0.9975		0.9973	0.9969
	71		0.9995		0.9995		0.9994		0.9994		0.9993		0.9993		0.9992		0.9991		0.9991		0.9990		0.9989		0.9988		0.9986		0.9985		0.9983		0.9981		0.9979		0.9977		0.9975	0.9972
	72		0.9995		0.9995		0.9995		0.9994		0.9994		0.9993		0.9993		0.9992		0.9991		0.9990		0.9990		0.9989		0.9987		0.9986		0.9985		0.9983		0.9981		0.9979		0.9977	0.9974
	73		0.9996		0.9995		0.9995		0.9995		0.9994		0.9994		0.9993		0.9993		0.9992		0.9991		0.9990		0.9990		0.9988		0.9987		0.9986		0.9984		0.9983		0.9981		0.9978	0.9976
	74		0.9996		0.9996		0.9995		0.9995		0.9995		0.9994		0.9994		0.9993		0.9993		0.9992		0.9991		0.9990		0.9989		0.9988		0.9987		0.9986		0.9984		0.9982		0.9980	0.9978
	75		0.9996		0.9996		0.9996		0.9995		0.9995		0.9995		0.9994		0.9994		0.9993		0.9993		0.9992		0.9991		0.9990		0.9989		0.9988		0.9987		0.9985		0.9984		0.9982	0.9980
	76		0.9997		0.9996		0.9996		0.9996		0.9996		0.9995		0.9995		0.9994		0.9994		0.9993		0.9993		0.9992		0.9991		0.9990		0.9989		0.9988		0.9987		0.9985		0.9983	0.9982
	77		0.9997		0.9997		0.9996		0.9996		0.9996		0.9996		0.9995		0.9995		0.9994		0.9994		0.9993		0.9993		0.9992		0.9991		0.9990		0.9989		0.9988		0.9986		0.9985	0.9983
	78		0.9997		0.9997		0.9997		0.9997		0.9996		0.9996		0.9996		0.9995		0.9995		0.9994		0.9994		0.9993		0.9993		0.9992		0.9991		0.9990		0.9989		0.9988		0.9986	0.9985
	79		0.9997		0.9997		0.9997		0.9997		0.9997		0.9996		0.9996		0.9996		0.9995		0.9995		0.9994		0.9994		0.9993		0.9993		0.9992		0.9991		0.9990		0.9989		0.9987	0.9986
	80		0.9998		0.9997		0.9997		0.9997		0.9997		0.9997		0.9996		0.9996		0.9996		0.9995		0.9995		0.9994		0.9994		0.9993		0.9993		0.9992		0.9991		0.9990		0.9989	0.9987
	81		0.9998		0.9998		0.9998		0.9997		0.9997		0.9997		0.9997		0.9996		0.9996		0.9996		0.9995		0.9995		0.9995		0.9994		0.9993		0.9993		0.9992		0.9991		0.9990	0.9988
	82		0.9998		0.9998		0.9998		0.9998		0.9997		0.9997		0.9997		0.9997		0.9996		0.9996		0.9996		0.9995		0.9995		0.9995		0.9994		0.9993		0.9992		0.9992		0.9991	0.9990
	83		0.9998		0.9998		0.9998		0.9998		0.9998		0.9997		0.9997		0.9997		0.9997		0.9997		0.9996		0.9996		0.9995		0.9995		0.9995		0.9994		0.9993		0.9992		0.9992	0.9991
	84		0.9998		0.9998		0.9998		0.9998		0.9998		0.9998		0.9998		0.9997		0.9997		0.9997		0.9997		0.9996		0.9996		0.9996		0.9995		0.9994		0.9994		0.9993		0.9992	0.9991
	85		0.9998		0.9998		0.9998		0.9998		0.9998		0.9998		0.9998		0.9998		0.9997		0.9997		0.9997		0.9997		0.9996		0.9996		0.9996		0.9995		0.9994		0.9994		0.9993	0.9992

25

APPENDICES

TABLE H-1 (cont’d)

Consolidated Edison Retirement Plan

Option Factors Applicable to CECONY Participants only

Not Applicable to CECONY Weekly-1 or CEI Participants

75% Joint and Survivor Without Popup

		PENSIONER’S AGE
		44		45		46		47		48		49		50		51		52		53		54		55		56		57		58		59		60		61		62
	25		0.9797		0.9782		0.9765		0.9748		0.9730		0.9710		0.9690		0.9669		0.9646		0.9622		0.9597		0.9570		0.9542		0.9512		0.9480		0.9447		0.9411		0.9374		0.9335
	26		0.9800		0.9785		0.9768		0.9751		0.9733		0.9714		0.9693		0.9672		0.9649		0.9625		0.9600		0.9574		0.9545		0.9515		0.9484		0.9450		0.9415		0.9378		0.9339
	27		0.9803		0.9788		0.9771		0.9754		0.9736		0.9717		0.9697		0.9675		0.9653		0.9629		0.9604		0.9577		0.9549		0.9519		0.9488		0.9454		0.9419		0.9382		0.9343
	28		0.9806		0.9791		0.9775		0.9758		0.9740		0.9721		0.9700		0.9679		0.9657		0.9633		0.9608		0.9581		0.9553		0.9523		0.9492		0.9458		0.9423		0.9386		0.9347
	29		0.9809		0.9794		0.9778		0.9761		0.9743		0.9724		0.9704		0.9683		0.9661		0.9637		0.9612		0.9585		0.9557		0.9528		0.9496		0.9463		0.9428		0.9390		0.9351
	30		0.9813		0.9798		0.9782		0.9765		0.9747		0.9728		0.9708		0.9687		0.9665		0.9641		0.9616		0.9590		0.9562		0.9532		0.9501		0.9467		0.9432		0.9395		0.9356
	31		0.9816		0.9801		0.9786		0.9769		0.9751		0.9732		0.9712		0.9691		0.9669		0.9646		0.9621		0.9594		0.9566		0.9537		0.9505		0.9472		0.9437		0.9400		0.9361
	32		0.9820		0.9805		0.9790		0.9773		0.9755		0.9737		0.9717		0.9696		0.9674		0.9650		0.9626		0.9599		0.9571		0.9542		0.9510		0.9477		0.9442		0.9405		0.9366
	33		0.9824		0.9809		0.9794		0.9777		0.9760		0.9741		0.9721		0.9701		0.9679		0.9655		0.9631		0.9604		0.9577		0.9547		0.9516		0.9483		0.9448		0.9411		0.9372
	34		0.9828		0.9813		0.9798		0.9781		0.9764		0.9746		0.9726		0.9706		0.9684		0.9660		0.9636		0.9610		0.9582		0.9553		0.9521		0.9488		0.9453		0.9416		0.9378
	35		0.9831		0.9817		0.9802		0.9786		0.9769		0.9750		0.9731		0.9711		0.9689		0.9666		0.9641		0.9615		0.9588		0.9558		0.9527		0.9494		0.9459		0.9423		0.9384
	36		0.9836		0.9821		0.9806		0.9790		0.9773		0.9755		0.9736		0.9716		0.9694		0.9671		0.9647		0.9621		0.9594		0.9564		0.9533		0.9501		0.9466		0.9429		0.9390
	37		0.9840		0.9826		0.9811		0.9795		0.9778		0.9760		0.9742		0.9721		0.9700		0.9677		0.9653		0.9627		0.9600		0.9571		0.9540		0.9507		0.9473		0.9436		0.9397
	38		0.9844		0.9830		0.9816		0.9800		0.9783		0.9766		0.9747		0.9727		0.9706		0.9683		0.9659		0.9634		0.9606		0.9578		0.9547		0.9514		0.9480		0.9443		0.9404
	39		0.9848		0.9835		0.9820		0.9805		0.9789		0.9771		0.9753		0.9733		0.9712		0.9690		0.9666		0.9640		0.9613		0.9585		0.9554		0.9521		0.9487		0.9451		0.9412
	40		0.9853		0.9839		0.9825		0.9810		0.9794		0.9777		0.9759		0.9739		0.9718		0.9696		0.9672		0.9647		0.9620		0.9592		0.9561		0.9529		0.9495		0.9458		0.9420
	41		0.9857		0.9844		0.9830		0.9815		0.9800		0.9783		0.9765		0.9745		0.9725		0.9703		0.9679		0.9654		0.9628		0.9599		0.9569		0.9537		0.9503		0.9467		0.9428
	42		0.9862		0.9849		0.9835		0.9821		0.9805		0.9788		0.9771		0.9752		0.9731		0.9710		0.9687		0.9662		0.9636		0.9607		0.9577		0.9545		0.9511		0.9475		0.9437
	43		0.9866		0.9854		0.9840		0.9826		0.9811		0.9794		0.9777		0.9758		0.9738		0.9717		0.9694		0.9670		0.9643		0.9616		0.9586		0.9554		0.9520		0.9484		0.9447
	44		0.9871		0.9859		0.9846		0.9832		0.9817		0.9801		0.9783		0.9765		0.9745		0.9724		0.9702		0.9678		0.9652		0.9624		0.9595		0.9563		0.9529		0.9494		0.9456
	45		0.9875		0.9864		0.9851		0.9837		0.9822		0.9807		0.9790		0.9772		0.9752		0.9732		0.9710		0.9686		0.9660		0.9633		0.9604		0.9572		0.9539		0.9504		0.9466
	46		0.9880		0.9868		0.9856		0.9843		0.9828		0.9813		0.9797		0.9779		0.9760		0.9739		0.9718		0.9694		0.9669		0.9642		0.9613		0.9582		0.9549		0.9514		0.9477
	47		0.9884		0.9873		0.9861		0.9848		0.9834		0.9819		0.9803		0.9786		0.9767		0.9747		0.9726		0.9703		0.9678		0.9651		0.9623		0.9592		0.9559		0.9524		0.9487
	48		0.9889		0.9878		0.9867		0.9854		0.9840		0.9826		0.9810		0.9793		0.9775		0.9755		0.9734		0.9711		0.9687		0.9661		0.9633		0.9602		0.9570		0.9535		0.9499
	49		0.9894		0.9883		0.9872		0.9860		0.9846		0.9832		0.9817		0.9800		0.9783		0.9763		0.9743		0.9720		0.9696		0.9671		0.9643		0.9613		0.9581		0.9547		0.9510
	50		0.9898		0.9888		0.9877		0.9865		0.9852		0.9839		0.9824		0.9808		0.9790		0.9772		0.9751		0.9729		0.9706		0.9681		0.9653		0.9624		0.9592		0.9558		0.9522
	51		0.9902		0.9893		0.9882		0.9871		0.9858		0.9845		0.9831		0.9815		0.9798		0.9780		0.9760		0.9739		0.9716		0.9691		0.9664		0.9635		0.9604		0.9570		0.9535
	52		0.9907		0.9898		0.9887		0.9876		0.9864		0.9851		0.9837		0.9822		0.9806		0.9788		0.9769		0.9748		0.9726		0.9701		0.9675		0.9646		0.9616		0.9583		0.9548
	53		0.9911		0.9902		0.9892		0.9882		0.9870		0.9858		0.9844		0.9830		0.9814		0.9797		0.9778		0.9758		0.9735		0.9712		0.9686		0.9658		0.9628		0.9595		0.9561
	54		0.9915		0.9907		0.9897		0.9887		0.9876		0.9864		0.9851		0.9837		0.9822		0.9805		0.9787		0.9767		0.9746		0.9722		0.9697		0.9670		0.9640		0.9608		0.9574
	55		0.9920		0.9911		0.9902		0.9893		0.9882		0.9870		0.9858		0.9844		0.9829		0.9813		0.9796		0.9777		0.9756		0.9733		0.9708		0.9682		0.9653		0.9622		0.9588

26

APPENDICES

TABLE H-1 (cont’d)

Consolidated Edison Retirement Plan

Option Factors Applicable to CECONY Participants only

Not Applicable to CECONY Weekly-1 or CEI Participants

75% Joint and Survivor Without Popup

		PENSIONER’S AGE
		44		45		46		47		48		49		50		51		52		53		54		55		56		57		58		59		60		61		62
	56		0.9924		0.9916		0.9907		0.9898		0.9888		0.9877		0.9865		0.9852		0.9837		0.9822		0.9805		0.9786		0.9766		0.9744		0.9720		0.9694		0.9666		0.9635		0.9602
	57		0.9928		0.9920		0.9912		0.9903		0.9893		0.9883		0.9871		0.9859		0.9845		0.9830		0.9814		0.9796		0.9776		0.9755		0.9732		0.9706		0.9679		0.9649		0.9617
	58		0.9932		0.9925		0.9917		0.9908		0.9899		0.9889		0.9878		0.9866		0.9853		0.9838		0.9823		0.9805		0.9787		0.9766		0.9743		0.9719		0.9692		0.9663		0.9631
	59		0.9935		0.9929		0.9921		0.9913		0.9904		0.9895		0.9884		0.9873		0.9860		0.9847		0.9831		0.9815		0.9797		0.9777		0.9755		0.9731		0.9705		0.9677		0.9646
	60		0.9939		0.9933		0.9926		0.9918		0.9910		0.9901		0.9891		0.9880		0.9868		0.9855		0.9840		0.9824		0.9807		0.9788		0.9767		0.9744		0.9719		0.9691		0.9661
	61		0.9943		0.9937		0.9930		0.9923		0.9915		0.9906		0.9897		0.9886		0.9875		0.9863		0.9849		0.9834		0.9817		0.9799		0.9779		0.9756		0.9732		0.9705		0.9677
	62		0.9946		0.9941		0.9934		0.9927		0.9920		0.9912		0.9903		0.9893		0.9882		0.9870		0.9857		0.9843		0.9827		0.9809		0.9790		0.9769		0.9745		0.9720		0.9692
	63		0.9950		0.9944		0.9938		0.9932		0.9925		0.9917		0.9909		0.9899		0.9889		0.9878		0.9866		0.9852		0.9837		0.9820		0.9802		0.9781		0.9759		0.9734		0.9707
	64		0.9953		0.9948		0.9942		0.9936		0.9930		0.9922		0.9914		0.9906		0.9896		0.9885		0.9874		0.9861		0.9846		0.9830		0.9813		0.9793		0.9772		0.9748		0.9722
	65		0.9956		0.9951		0.9946		0.9940		0.9934		0.9927		0.9920		0.9912		0.9903		0.9893		0.9882		0.9869		0.9856		0.9841		0.9824		0.9805		0.9785		0.9762		0.9737
	66		0.9959		0.9954		0.9950		0.9944		0.9938		0.9932		0.9925		0.9917		0.9909		0.9900		0.9889		0.9878		0.9865		0.9851		0.9835		0.9817		0.9797		0.9776		0.9752
	67		0.9962		0.9958		0.9953		0.9948		0.9943		0.9937		0.9930		0.9923		0.9915		0.9906		0.9897		0.9886		0.9874		0.9860		0.9845		0.9828		0.9810		0.9789		0.9766
	68		0.9964		0.9961		0.9956		0.9952		0.9947		0.9941		0.9935		0.9928		0.9921		0.9913		0.9904		0.9894		0.9882		0.9870		0.9855		0.9840		0.9822		0.9802		0.9781
	69		0.9967		0.9963		0.9959		0.9955		0.9950		0.9945		0.9940		0.9933		0.9927		0.9919		0.9910		0.9901		0.9890		0.9878		0.9865		0.9850		0.9834		0.9815		0.9795
	70		0.9969		0.9966		0.9962		0.9958		0.9954		0.9949		0.9944		0.9938		0.9932		0.9925		0.9917		0.9908		0.9898		0.9887		0.9875		0.9861		0.9845		0.9828		0.9808
	71		0.9972		0.9969		0.9965		0.9962		0.9958		0.9953		0.9948		0.9943		0.9937		0.9930		0.9923		0.9915		0.9906		0.9895		0.9884		0.9871		0.9856		0.9840		0.9821
	72		0.9974		0.9971		0.9968		0.9965		0.9961		0.9957		0.9952		0.9947		0.9942		0.9936		0.9929		0.9921		0.9913		0.9903		0.9892		0.9880		0.9866		0.9851		0.9834
	73		0.9976		0.9973		0.9971		0.9967		0.9964		0.9960		0.9956		0.9951		0.9946		0.9941		0.9935		0.9928		0.9920		0.9911		0.9901		0.9889		0.9877		0.9862		0.9846
	74		0.9978		0.9976		0.9973		0.9970		0.9967		0.9963		0.9959		0.9955		0.9951		0.9946		0.9940		0.9933		0.9926		0.9918		0.9908		0.9898		0.9886		0.9873		0.9858
	75		0.9980		0.9978		0.9975		0.9972		0.9970		0.9966		0.9963		0.9959		0.9955		0.9950		0.9945		0.9939		0.9932		0.9925		0.9916		0.9906		0.9895		0.9883		0.9869
	76		0.9982		0.9979		0.9977		0.9975		0.9972		0.9969		0.9966		0.9962		0.9959		0.9954		0.9949		0.9944		0.9938		0.9931		0.9923		0.9914		0.9904		0.9892		0.9879
	77		0.9983		0.9981		0.9979		0.9977		0.9974		0.9972		0.9969		0.9966		0.9962		0.9958		0.9954		0.9949		0.9943		0.9937		0.9929		0.9921		0.9912		0.9901		0.9889
	78		0.9985		0.9983		0.9981		0.9979		0.9977		0.9974		0.9972		0.9969		0.9965		0.9962		0.9958		0.9953		0.9948		0.9942		0.9936		0.9928		0.9919		0.9910		0.9898
	79		0.9986		0.9984		0.9983		0.9981		0.9979		0.9976		0.9974		0.9971		0.9968		0.9965		0.9961		0.9957		0.9953		0.9947		0.9941		0.9934		0.9926		0.9917		0.9907
	80		0.9987		0.9986		0.9984		0.9982		0.9981		0.9979		0.9976		0.9974		0.9971		0.9968		0.9965		0.9961		0.9957		0.9952		0.9946		0.9940		0.9933		0.9925		0.9915
	81		0.9988		0.9987		0.9986		0.9984		0.9982		0.9980		0.9978		0.9976		0.9974		0.9971		0.9968		0.9965		0.9961		0.9956		0.9951		0.9946		0.9939		0.9931		0.9923
	82		0.9990		0.9988		0.9987		0.9986		0.9984		0.9982		0.9980		0.9978		0.9976		0.9974		0.9971		0.9968		0.9964		0.9960		0.9956		0.9951		0.9945		0.9938		0.9930
	83		0.9991		0.9989		0.9988		0.9987		0.9985		0.9984		0.9982		0.9980		0.9978		0.9976		0.9974		0.9971		0.9968		0.9964		0.9960		0.9955		0.9950		0.9943		0.9936
	84		0.9991		0.9990		0.9989		0.9988		0.9987		0.9985		0.9984		0.9982		0.9980		0.9978		0.9976		0.9974		0.9971		0.9968		0.9964		0.9959		0.9955		0.9949		0.9942
	85		0.9992		0.9991		0.9990		0.9989		0.9988		0.9987		0.9985		0.9984		0.9982		0.9981		0.9978		0.9976		0.9974		0.9971		0.9967		0.9963		0.9959		0.9954		0.9948

27

APPENDICES

TABLE H-1 (cont’d)

Consolidated Edison Retirement Plan

Option Factors Applicable to CECONY Participants only

Not Applicable to CECONY Weekly-1 or CEI Participants

75% Joint and Survivor Without Popup

		PENSIONER’S AGE
		63		64		65		66		67		68		69		70		71		72		73		74		75
	25		0.9294		0.9252		0.9207		0.9161		0.9113		0.9063		0.9012		0.8959		0.8905		0.8850		0.8793		0.8735		0.8676
	26		0.9298		0.9255		0.9211		0.9164		0.9116		0.9066		0.9015		0.8963		0.8909		0.8853		0.8796		0.8738		0.8679
	27		0.9302		0.9259		0.9215		0.9168		0.9120		0.9070		0.9019		0.8966		0.8912		0.8857		0.8800		0.8742		0.8683
	28		0.9306		0.9263		0.9219		0.9172		0.9124		0.9074		0.9023		0.8970		0.8916		0.8861		0.8804		0.8745		0.8686
	29		0.9311		0.9268		0.9223		0.9177		0.9129		0.9079		0.9027		0.8975		0.8920		0.8865		0.8808		0.8750		0.8690
	30		0.9315		0.9272		0.9228		0.9181		0.9133		0.9083		0.9032		0.8979		0.8925		0.8869		0.8812		0.8754		0.8695
	31		0.9320		0.9277		0.9233		0.9186		0.9138		0.9088		0.9037		0.8984		0.8930		0.8874		0.8817		0.8758		0.8699
	32		0.9325		0.9283		0.9238		0.9192		0.9143		0.9094		0.9042		0.8989		0.8935		0.8879		0.8822		0.8763		0.8704
	33		0.9331		0.9288		0.9244		0.9197		0.9149		0.9099		0.9048		0.8995		0.8940		0.8884		0.8827		0.8769		0.8709
	34		0.9337		0.9294		0.9249		0.9203		0.9155		0.9105		0.9054		0.9001		0.8946		0.8890		0.8833		0.8774		0.8715
	35		0.9343		0.9300		0.9256		0.9209		0.9161		0.9111		0.9060		0.9007		0.8952		0.8896		0.8839		0.8780		0.8720
	36		0.9350		0.9307		0.9262		0.9216		0.9168		0.9118		0.9066		0.9013		0.8959		0.8903		0.8845		0.8786		0.8727
	37		0.9357		0.9314		0.9269		0.9223		0.9175		0.9125		0.9073		0.9020		0.8966		0.8910		0.8852		0.8793		0.8733
	38		0.9364		0.9321		0.9277		0.9230		0.9182		0.9132		0.9081		0.9028		0.8973		0.8917		0.8859		0.8800		0.8740
	39		0.9372		0.9329		0.9285		0.9238		0.9190		0.9140		0.9089		0.9036		0.8981		0.8925		0.8867		0.8808		0.8748
	40		0.9380		0.9337		0.9293		0.9247		0.9198		0.9149		0.9097		0.9044		0.8989		0.8933		0.8875		0.8816		0.8756
	41		0.9388		0.9346		0.9302		0.9255		0.9207		0.9157		0.9106		0.9053		0.8998		0.8942		0.8884		0.8825		0.8764
	42		0.9397		0.9355		0.9311		0.9265		0.9216		0.9167		0.9115		0.9062		0.9007		0.8951		0.8893		0.8834		0.8773
	43		0.9406		0.9364		0.9320		0.9274		0.9226		0.9176		0.9125		0.9072		0.9017		0.8961		0.8903		0.8843		0.8783
	44		0.9416		0.9374		0.9330		0.9284		0.9237		0.9187		0.9135		0.9082		0.9027		0.8971		0.8913		0.8853		0.8793
	45		0.9427		0.9385		0.9341		0.9295		0.9247		0.9198		0.9146		0.9093		0.9038		0.8982		0.8924		0.8864		0.8803
	46		0.9437		0.9396		0.9352		0.9306		0.9259		0.9209		0.9158		0.9105		0.9050		0.8993		0.8935		0.8875		0.8815
	47		0.9448		0.9407		0.9363		0.9318		0.9270		0.9221		0.9170		0.9117		0.9062		0.9005		0.8947		0.8887		0.8827
	48		0.9460		0.9419		0.9375		0.9330		0.9283		0.9233		0.9182		0.9129		0.9075		0.9018		0.8960		0.8900		0.8839
	49		0.9472		0.9431		0.9388		0.9343		0.9296		0.9247		0.9196		0.9143		0.9088		0.9031		0.8973		0.8913		0.8852
	50		0.9484		0.9444		0.9401		0.9356		0.9309		0.9260		0.9209		0.9157		0.9102		0.9045		0.8987		0.8927		0.8866
	51		0.9497		0.9457		0.9414		0.9370		0.9323		0.9274		0.9224		0.9171		0.9117		0.9060		0.9002		0.8942		0.8881
	52		0.9510		0.9470		0.9428		0.9384		0.9338		0.9289		0.9239		0.9186		0.9132		0.9076		0.9018		0.8958		0.8896
	53		0.9524		0.9485		0.9443		0.9399		0.9353		0.9305		0.9255		0.9202		0.9148		0.9092		0.9034		0.8974		0.8913
	54		0.9538		0.9499		0.9458		0.9415		0.9369		0.9321		0.9271		0.9219		0.9165		0.9109		0.9051		0.8991		0.8930
	55		0.9552		0.9514		0.9473		0.9431		0.9385		0.9338		0.9288		0.9237		0.9183		0.9127		0.9069		0.9009		0.8948

28

APPENDICES

TABLE H-1 (cont’d)

Consolidated Edison Retirement Plan

Option Factors Applicable to CECONY Participants only

Not Applicable to CECONY Weekly-1 or CEI Participants

75% Joint and Survivor Without Popup

		PENSIONER’S AGE
		63		64		65		66		67		68		69		70		71		72		73		74		75
	56		0.9567		0.9529		0.9489		0.9447		0.9402		0.9355		0.9306		0.9255		0.9201		0.9146		0.9088		0.9028		0.8967
	57		0.9582		0.9545		0.9506		0.9464		0.9420		0.9373		0.9325		0.9274		0.9221		0.9165		0.9108		0.9048		0.8987
	58		0.9598		0.9561		0.9523		0.9481		0.9438		0.9392		0.9344		0.9293		0.9241		0.9186		0.9129		0.9069		0.9008
	59		0.9613		0.9578		0.9540		0.9499		0.9457		0.9411		0.9364		0.9314		0.9262		0.9207		0.9150		0.9091		0.9031
	60		0.9629		0.9595		0.9557		0.9518		0.9476		0.9431		0.9384		0.9335		0.9283		0.9229		0.9173		0.9114		0.9054
	61		0.9645		0.9611		0.9575		0.9536		0.9495		0.9451		0.9405		0.9357		0.9306		0.9252		0.9196		0.9138		0.9078
	62		0.9661		0.9629		0.9593		0.9555		0.9515		0.9472		0.9427		0.9379		0.9329		0.9276		0.9220		0.9163		0.9103
	63		0.9678		0.9646		0.9611		0.9575		0.9535		0.9493		0.9449		0.9402		0.9352		0.9300		0.9245		0.9188		0.9129
	64		0.9694		0.9663		0.9630		0.9594		0.9556		0.9515		0.9471		0.9425		0.9376		0.9325		0.9271		0.9215		0.9156
	65		0.9710		0.9680		0.9648		0.9613		0.9576		0.9536		0.9494		0.9449		0.9401		0.9351		0.9298		0.9242		0.9184
	66		0.9726		0.9697		0.9666		0.9633		0.9597		0.9558		0.9517		0.9473		0.9426		0.9377		0.9325		0.9270		0.9213
	67		0.9741		0.9714		0.9684		0.9652		0.9617		0.9580		0.9540		0.9497		0.9451		0.9403		0.9352		0.9298		0.9242
	68		0.9757		0.9731		0.9702		0.9671		0.9638		0.9601		0.9563		0.9521		0.9477		0.9430		0.9380		0.9327		0.9272
	69		0.9772		0.9747		0.9720		0.9690		0.9658		0.9623		0.9585		0.9545		0.9502		0.9457		0.9408		0.9356		0.9302
	70		0.9787		0.9763		0.9737		0.9709		0.9678		0.9644		0.9608		0.9569		0.9528		0.9483		0.9436		0.9386		0.9333
	71		0.9801		0.9779		0.9754		0.9727		0.9697		0.9665		0.9631		0.9593		0.9553		0.9510		0.9464		0.9415		0.9364
	72		0.9815		0.9794		0.9770		0.9745		0.9716		0.9686		0.9653		0.9617		0.9579		0.9537		0.9493		0.9445		0.9395
	73		0.9828		0.9808		0.9786		0.9762		0.9735		0.9706		0.9675		0.9640		0.9603		0.9564		0.9521		0.9475		0.9426
	74		0.9841		0.9822		0.9801		0.9778		0.9753		0.9726		0.9696		0.9663		0.9628		0.9590		0.9548		0.9504		0.9457
	75		0.9853		0.9836		0.9816		0.9795		0.9771		0.9745		0.9716		0.9685		0.9652		0.9615		0.9576		0.9533		0.9488
	76		0.9865		0.9848		0.9830		0.9810		0.9788		0.9763		0.9736		0.9707		0.9675		0.9640		0.9603		0.9562		0.9518
	77		0.9876		0.9860		0.9843		0.9825		0.9804		0.9781		0.9755		0.9728		0.9698		0.9665		0.9629		0.9590		0.9548
	78		0.9886		0.9872		0.9856		0.9838		0.9819		0.9797		0.9774		0.9748		0.9719		0.9688		0.9654		0.9617		0.9577
	79		0.9896		0.9883		0.9868		0.9852		0.9833		0.9813		0.9791		0.9767		0.9740		0.9710		0.9678		0.9643		0.9605
	80		0.9905		0.9893		0.9879		0.9864		0.9847		0.9828		0.9808		0.9785		0.9760		0.9732		0.9702		0.9668		0.9632
	81		0.9913		0.9902		0.9890		0.9876		0.9860		0.9843		0.9823		0.9802		0.9779		0.9752		0.9724		0.9692		0.9658
	82		0.9921		0.9911		0.9899		0.9886		0.9872		0.9856		0.9838		0.9818		0.9796		0.9772		0.9745		0.9715		0.9683
	83		0.9928		0.9919		0.9908		0.9896		0.9883		0.9868		0.9852		0.9833		0.9813		0.9790		0.9765		0.9738		0.9707
	84		0.9935		0.9926		0.9917		0.9906		0.9894		0.9880		0.9865		0.9848		0.9829		0.9808		0.9784		0.9759		0.9730
	85		0.9941		0.9933		0.9925		0.9915		0.9903		0.9891		0.9877		0.9861		0.9844		0.9824		0.9803		0.9778		0.9752

29

APPENDICES

TABLE H-2

Consolidated Edison Retirement Plan

Option Factors Applicable to CECONY Participants only

Not Applicable to CECONY Weekly-1 or CEI Participants

75% Joint and Survivor With Popup

		PENSIONER’S AGE
		25		26		27		28		29		30		31		32		33		34		35		36		37		38		39		40		41		42		43
	25		0.9954		0.9951		0.9946		0.9942		0.9937		0.9932		0.9926		0.9920		0.9913		0.9906		0.9898		0.9889		0.9880		0.9870		0.9860		0.9849		0.9836		0.9824		0.9810
	26		0.9956		0.9952		0.9948		0.9943		0.9938		0.9933		0.9927		0.9921		0.9915		0.9907		0.9900		0.9891		0.9882		0.9873		0.9862		0.9851		0.9839		0.9826		0.9812
	27		0.9957		0.9953		0.9949		0.9945		0.9940		0.9935		0.9929		0.9923		0.9916		0.9909		0.9902		0.9893		0.9885		0.9875		0.9865		0.9853		0.9842		0.9829		0.9815
	28		0.9958		0.9954		0.9950		0.9946		0.9941		0.9936		0.9931		0.9925		0.9918		0.9911		0.9904		0.9896		0.9887		0.9877		0.9867		0.9856		0.9844		0.9832		0.9818
	29		0.9959		0.9956		0.9952		0.9947		0.9943		0.9938		0.9933		0.9927		0.9920		0.9913		0.9906		0.9898		0.9889		0.9880		0.9870		0.9859		0.9847		0.9835		0.9821
	30		0.9960		0.9957		0.9953		0.9949		0.9944		0.9940		0.9934		0.9928		0.9922		0.9915		0.9908		0.9900		0.9892		0.9882		0.9872		0.9862		0.9850		0.9838		0.9824
	31		0.9961		0.9958		0.9954		0.9950		0.9946		0.9941		0.9936		0.9930		0.9924		0.9918		0.9910		0.9903		0.9894		0.9885		0.9875		0.9864		0.9853		0.9841		0.9827
	32		0.9962		0.9959		0.9956		0.9952		0.9947		0.9943		0.9938		0.9932		0.9926		0.9920		0.9913		0.9905		0.9897		0.9888		0.9878		0.9867		0.9856		0.9844		0.9831
	33		0.9964		0.9960		0.9957		0.9953		0.9949		0.9944		0.9939		0.9934		0.9928		0.9922		0.9915		0.9907		0.9899		0.9890		0.9881		0.9870		0.9859		0.9847		0.9834
	34		0.9965		0.9962		0.9958		0.9955		0.9950		0.9946		0.9941		0.9936		0.9930		0.9924		0.9917		0.9910		0.9902		0.9893		0.9883		0.9873		0.9862		0.9850		0.9837
	35		0.9966		0.9963		0.9960		0.9956		0.9952		0.9948		0.9943		0.9938		0.9932		0.9926		0.9919		0.9912		0.9904		0.9896		0.9886		0.9876		0.9865		0.9854		0.9841
	36		0.9967		0.9964		0.9961		0.9957		0.9953		0.9949		0.9945		0.9940		0.9934		0.9928		0.9922		0.9915		0.9907		0.9898		0.9889		0.9879		0.9869		0.9857		0.9845
	37		0.9968		0.9965		0.9962		0.9959		0.9955		0.9951		0.9946		0.9942		0.9936		0.9930		0.9924		0.9917		0.9909		0.9901		0.9892		0.9882		0.9872		0.9861		0.9848
	38		0.9969		0.9966		0.9963		0.9960		0.9956		0.9952		0.9948		0.9943		0.9938		0.9932		0.9926		0.9919		0.9912		0.9904		0.9895		0.9886		0.9875		0.9864		0.9852
	39		0.9970		0.9967		0.9964		0.9961		0.9958		0.9954		0.9950		0.9945		0.9940		0.9935		0.9929		0.9922		0.9915		0.9907		0.9898		0.9889		0.9879		0.9868		0.9856
	40		0.9971		0.9968		0.9966		0.9963		0.9959		0.9956		0.9951		0.9947		0.9942		0.9937		0.9931		0.9924		0.9917		0.9910		0.9901		0.9892		0.9882		0.9871		0.9860
	41		0.9972		0.9970		0.9967		0.9964		0.9961		0.9957		0.9953		0.9949		0.9944		0.9939		0.9933		0.9927		0.9920		0.9912		0.9904		0.9895		0.9885		0.9875		0.9864
	42		0.9973		0.9971		0.9968		0.9965		0.9962		0.9959		0.9955		0.9950		0.9946		0.9941		0.9935		0.9929		0.9923		0.9915		0.9907		0.9898		0.9889		0.9879		0.9867
	43		0.9974		0.9972		0.9969		0.9966		0.9963		0.9960		0.9956		0.9952		0.9948		0.9943		0.9937		0.9932		0.9925		0.9918		0.9910		0.9902		0.9892		0.9882		0.9871
	44		0.9975		0.9973		0.9970		0.9968		0.9965		0.9961		0.9958		0.9954		0.9950		0.9945		0.9940		0.9934		0.9928		0.9921		0.9913		0.9905		0.9896		0.9886		0.9875
	45		0.9976		0.9974		0.9971		0.9969		0.9966		0.9963		0.9959		0.9956		0.9951		0.9947		0.9942		0.9936		0.9930		0.9923		0.9916		0.9908		0.9899		0.9890		0.9879
	46		0.9976		0.9974		0.9972		0.9970		0.9967		0.9964		0.9961		0.9957		0.9953		0.9949		0.9944		0.9939		0.9933		0.9926		0.9919		0.9911		0.9903		0.9893		0.9883
	47		0.9977		0.9975		0.9973		0.9971		0.9968		0.9965		0.9962		0.9959		0.9955		0.9951		0.9946		0.9941		0.9935		0.9929		0.9922		0.9914		0.9906		0.9897		0.9887
	48		0.9978		0.9976		0.9974		0.9972		0.9970		0.9967		0.9964		0.9960		0.9957		0.9952		0.9948		0.9943		0.9937		0.9931		0.9925		0.9917		0.9909		0.9900		0.9891
	49		0.9979		0.9977		0.9975		0.9973		0.9971		0.9968		0.9965		0.9962		0.9958		0.9954		0.9950		0.9945		0.9940		0.9934		0.9927		0.9920		0.9912		0.9904		0.9895
	50		0.9980		0.9978		0.9976		0.9974		0.9972		0.9969		0.9966		0.9963		0.9960		0.9956		0.9952		0.9947		0.9942		0.9936		0.9930		0.9923		0.9916		0.9907		0.9898
	51		0.9980		0.9979		0.9977		0.9975		0.9973		0.9970		0.9968		0.9965		0.9961		0.9958		0.9954		0.9949		0.9944		0.9939		0.9933		0.9926		0.9919		0.9911		0.9902
	52		0.9981		0.9980		0.9978		0.9976		0.9974		0.9972		0.9969		0.9966		0.9963		0.9959		0.9956		0.9951		0.9947		0.9941		0.9935		0.9929		0.9922		0.9914		0.9906
	53		0.9982		0.9980		0.9979		0.9977		0.9975		0.9973		0.9970		0.9968		0.9964		0.9961		0.9957		0.9953		0.9949		0.9944		0.9938		0.9932		0.9925		0.9918		0.9909
	54		0.9983		0.9981		0.9980		0.9978		0.9976		0.9974		0.9971		0.9969		0.9966		0.9963		0.9959		0.9955		0.9951		0.9946		0.9941		0.9935		0.9928		0.9921		0.9913
	55		0.9983		0.9982		0.9980		0.9979		0.9977		0.9975		0.9973		0.9970		0.9967		0.9964		0.9961		0.9957		0.9953		0.9948		0.9943		0.9937		0.9931		0.9924		0.9916

30

APPENDICES

TABLE H-2 (cont’d)

Consolidated Edison Retirement Plan

Option factors applicable to CECONY Participants only

Not applicable to CECONY Weekly -1 or CEI Participants

75% Joint and Survivor Annuity with Popup

		PENSIONER’S AGE
		25		26		27		28		29		30		31		32		33		34		35		36		37		38		39		40		41		42		43
	56		0.9984		0.9983		0.9981		0.9980		0.9978		0.9976		0.9974		0.9971		0.9969		0.9966		0.9962		0.9959		0.9955		0.9950		0.9945		0.9940		0.9934		0.9927		0.9920
	57		0.9985		0.9983		0.9982		0.9980		0.9979		0.9977		0.9975		0.9973		0.9970		0.9967		0.9964		0.9961		0.9957		0.9952		0.9948		0.9942		0.9937		0.9930		0.9923
	58		0.9985		0.9984		0.9983		0.9981		0.9980		0.9978		0.9976		0.9974		0.9971		0.9969		0.9966		0.9962		0.9959		0.9955		0.9950		0.9945		0.9939		0.9933		0.9926
	59		0.9986		0.9985		0.9983		0.9982		0.9981		0.9979		0.9977		0.9975		0.9973		0.9970		0.9967		0.9964		0.9960		0.9957		0.9952		0.9947		0.9942		0.9936		0.9930
	60		0.9986		0.9985		0.9984		0.9983		0.9981		0.9980		0.9978		0.9976		0.9974		0.9971		0.9969		0.9966		0.9962		0.9958		0.9954		0.9950		0.9944		0.9939		0.9933
	61		0.9987		0.9986		0.9985		0.9984		0.9982		0.9981		0.9979		0.9977		0.9975		0.9973		0.9970		0.9967		0.9964		0.9960		0.9956		0.9952		0.9947		0.9942		0.9936
	62		0.9988		0.9987		0.9985		0.9984		0.9983		0.9982		0.9980		0.9978		0.9976		0.9974		0.9971		0.9969		0.9966		0.9962		0.9958		0.9954		0.9949		0.9944		0.9938
	63		0.9988		0.9987		0.9986		0.9985		0.9984		0.9982		0.9981		0.9979		0.9977		0.9975		0.9973		0.9970		0.9967		0.9964		0.9960		0.9956		0.9952		0.9947		0.9941
	64		0.9989		0.9988		0.9987		0.9986		0.9984		0.9983		0.9982		0.9980		0.9978		0.9976		0.9974		0.9972		0.9969		0.9966		0.9962		0.9958		0.9954		0.9949		0.9944
	65		0.9989		0.9988		0.9987		0.9986		0.9985		0.9984		0.9983		0.9981		0.9979		0.9977		0.9975		0.9973		0.9970		0.9967		0.9964		0.9960		0.9956		0.9952		0.9947
	66		0.9990		0.9989		0.9988		0.9987		0.9986		0.9985		0.9983		0.9982		0.9980		0.9978		0.9976		0.9974		0.9972		0.9969		0.9966		0.9962		0.9958		0.9954		0.9949
	67		0.9990		0.9989		0.9988		0.9988		0.9987		0.9985		0.9984		0.9983		0.9981		0.9980		0.9978		0.9975		0.9973		0.9970		0.9967		0.9964		0.9960		0.9956		0.9952
	68		0.9990		0.9990		0.9989		0.9988		0.9987		0.9986		0.9985		0.9984		0.9982		0.9981		0.9979		0.9977		0.9974		0.9972		0.9969		0.9966		0.9962		0.9958		0.9954
	69		0.9991		0.9990		0.9989		0.9989		0.9988		0.9987		0.9986		0.9984		0.9983		0.9981		0.9980		0.9978		0.9976		0.9973		0.9971		0.9967		0.9964		0.9960		0.9956
	70		0.9991		0.9991		0.9990		0.9989		0.9988		0.9987		0.9986		0.9985		0.9984		0.9982		0.9981		0.9979		0.9977		0.9975		0.9972		0.9969		0.9966		0.9962		0.9958
	71		0.9992		0.9991		0.9990		0.9990		0.9989		0.9988		0.9987		0.9986		0.9985		0.9983		0.9982		0.9980		0.9978		0.9976		0.9973		0.9971		0.9968		0.9964		0.9960
	72		0.9992		0.9991		0.9991		0.9990		0.9989		0.9989		0.9988		0.9987		0.9985		0.9984		0.9983		0.9981		0.9979		0.9977		0.9975		0.9972		0.9969		0.9966		0.9962
	73		0.9992		0.9992		0.9991		0.9991		0.9990		0.9989		0.9988		0.9987		0.9986		0.9985		0.9984		0.9982		0.9980		0.9978		0.9976		0.9974		0.9971		0.9968		0.9964
	74		0.9993		0.9992		0.9992		0.9991		0.9990		0.9990		0.9989		0.9988		0.9987		0.9986		0.9984		0.9983		0.9981		0.9980		0.9977		0.9975		0.9972		0.9969		0.9966
	75		0.9993		0.9993		0.9992		0.9992		0.9991		0.9990		0.9989		0.9989		0.9988		0.9986		0.9985		0.9984		0.9982		0.9981		0.9979		0.9976		0.9974		0.9971		0.9968
	76		0.9993		0.9993		0.9992		0.9992		0.9991		0.9991		0.9990		0.9989		0.9988		0.9987		0.9986		0.9985		0.9983		0.9982		0.9980		0.9978		0.9975		0.9973		0.9970
	77		0.9994		0.9993		0.9993		0.9992		0.9992		0.9991		0.9990		0.9990		0.9989		0.9988		0.9987		0.9986		0.9984		0.9983		0.9981		0.9979		0.9977		0.9974		0.9971
	78		0.9994		0.9994		0.9993		0.9993		0.9992		0.9992		0.9991		0.9990		0.9989		0.9989		0.9988		0.9986		0.9985		0.9984		0.9982		0.9980		0.9978		0.9975		0.9973
	79		0.9994		0.9994		0.9994		0.9993		0.9993		0.9992		0.9991		0.9991		0.9990		0.9989		0.9988		0.9987		0.9986		0.9985		0.9983		0.9981		0.9979		0.9977		0.9974
	80		0.9995		0.9994		0.9994		0.9993		0.9993		0.9992		0.9992		0.9991		0.9991		0.9990		0.9989		0.9988		0.9987		0.9985		0.9984		0.9982		0.9980		0.9978		0.9976
	81		0.9995		0.9995		0.9994		0.9994		0.9993		0.9993		0.9992		0.9992		0.9991		0.9990		0.9989		0.9989		0.9987		0.9986		0.9985		0.9983		0.9981		0.9979		0.9977
	82		0.9995		0.9995		0.9994		0.9994		0.9994		0.9993		0.9993		0.9992		0.9992		0.9991		0.9990		0.9989		0.9988		0.9987		0.9986		0.9984		0.9982		0.9981		0.9978
	83		0.9995		0.9995		0.9995		0.9994		0.9994		0.9994		0.9993		0.9993		0.9992		0.9991		0.9991		0.9990		0.9989		0.9988		0.9987		0.9985		0.9983		0.9982		0.9980
	84		0.9996		0.9995		0.9995		0.9995		0.9994		0.9994		0.9993		0.9993		0.9992		0.9992		0.9991		0.9990		0.9989		0.9988		0.9987		0.9986		0.9984		0.9983		0.9981
	85		0.9996		0.9996		0.9995		0.9995		0.9995		0.9994		0.9994		0.9993		0.9993		0.9992		0.9992		0.9991		0.9990		0.9989		0.9988		0.9987		0.9985		0.9984		0.9982

31

APPENDICES

TABLE H-2

Consolidated Edison Retirement Plan

Option factors applicable to CECONY Participants only

Not applicable to CECONY Weekly -1 or CEI Participants

75% Joint and Survivor Annuity with Popup

		PENSIONER’S AGE
		44		45		46		47		48		49		50		51		52		53		54		55		56		57		58		59		60		61		62
	25		0.9795		0.9780		0.9763		0.9746		0.9727		0.9708		0.9688		0.9666		0.9644		0.9620		0.9594		0.9567		0.9539		0.9509		0.9478		0.9444		0.9409		0.9372		0.9333
	26		0.9798		0.9782		0.9766		0.9749		0.9730		0.9711		0.9691		0.9669		0.9647		0.9623		0.9598		0.9571		0.9543		0.9513		0.9481		0.9448		0.9412		0.9375		0.9336
	27		0.9801		0.9785		0.9769		0.9752		0.9734		0.9714		0.9694		0.9673		0.9650		0.9626		0.9601		0.9574		0.9546		0.9516		0.9485		0.9451		0.9416		0.9379		0.9340
	28		0.9804		0.9788		0.9772		0.9755		0.9737		0.9718		0.9698		0.9676		0.9654		0.9630		0.9605		0.9578		0.9550		0.9520		0.9488		0.9455		0.9420		0.9383		0.9344
	29		0.9807		0.9792		0.9776		0.9758		0.9740		0.9721		0.9701		0.9680		0.9657		0.9634		0.9609		0.9582		0.9554		0.9524		0.9493		0.9459		0.9424		0.9387		0.9348
	30		0.9810		0.9795		0.9779		0.9762		0.9744		0.9725		0.9705		0.9684		0.9661		0.9638		0.9613		0.9586		0.9558		0.9528		0.9497		0.9463		0.9428		0.9391		0.9352
	31		0.9813		0.9798		0.9782		0.9766		0.9748		0.9729		0.9709		0.9688		0.9666		0.9642		0.9617		0.9590		0.9562		0.9533		0.9501		0.9468		0.9433		0.9396		0.9357
	32		0.9817		0.9802		0.9786		0.9769		0.9752		0.9733		0.9713		0.9692		0.9670		0.9646		0.9621		0.9595		0.9567		0.9537		0.9506		0.9473		0.9438		0.9401		0.9362
	33		0.9820		0.9806		0.9790		0.9773		0.9756		0.9737		0.9717		0.9696		0.9674		0.9651		0.9626		0.9600		0.9572		0.9542		0.9511		0.9478		0.9443		0.9406		0.9367
	34		0.9824		0.9809		0.9794		0.9777		0.9760		0.9741		0.9722		0.9701		0.9679		0.9656		0.9631		0.9605		0.9577		0.9547		0.9516		0.9483		0.9448		0.9411		0.9372
	35		0.9828		0.9813		0.9798		0.9781		0.9764		0.9746		0.9726		0.9706		0.9684		0.9661		0.9636		0.9610		0.9582		0.9553		0.9522		0.9489		0.9454		0.9417		0.9378
	36		0.9831		0.9817		0.9802		0.9786		0.9769		0.9750		0.9731		0.9711		0.9689		0.9666		0.9641		0.9615		0.9588		0.9558		0.9527		0.9494		0.9460		0.9423		0.9384
	37		0.9835		0.9821		0.9806		0.9790		0.9773		0.9755		0.9736		0.9716		0.9694		0.9671		0.9647		0.9621		0.9593		0.9564		0.9533		0.9501		0.9466		0.9429		0.9390
	38		0.9839		0.9825		0.9810		0.9795		0.9778		0.9760		0.9741		0.9721		0.9699		0.9677		0.9653		0.9627		0.9599		0.9570		0.9540		0.9507		0.9472		0.9436		0.9397
	39		0.9843		0.9829		0.9815		0.9799		0.9783		0.9765		0.9746		0.9726		0.9705		0.9682		0.9658		0.9633		0.9606		0.9577		0.9546		0.9514		0.9479		0.9442		0.9404
	40		0.9847		0.9834		0.9819		0.9804		0.9787		0.9770		0.9751		0.9732		0.9711		0.9688		0.9665		0.9639		0.9612		0.9583		0.9553		0.9520		0.9486		0.9450		0.9411
	41		0.9851		0.9838		0.9824		0.9809		0.9792		0.9775		0.9757		0.9737		0.9717		0.9694		0.9671		0.9646		0.9619		0.9590		0.9560		0.9528		0.9493		0.9457		0.9419
	42		0.9855		0.9842		0.9828		0.9814		0.9798		0.9781		0.9763		0.9743		0.9723		0.9701		0.9677		0.9652		0.9626		0.9598		0.9567		0.9535		0.9501		0.9465		0.9427
	43		0.9859		0.9847		0.9833		0.9818		0.9803		0.9786		0.9768		0.9749		0.9729		0.9707		0.9684		0.9659		0.9633		0.9605		0.9575		0.9543		0.9509		0.9473		0.9435
	44		0.9864		0.9851		0.9838		0.9823		0.9808		0.9792		0.9774		0.9755		0.9735		0.9714		0.9691		0.9667		0.9640		0.9613		0.9583		0.9551		0.9517		0.9481		0.9444
	45		0.9868		0.9856		0.9843		0.9828		0.9813		0.9797		0.9780		0.9761		0.9742		0.9721		0.9698		0.9674		0.9648		0.9620		0.9591		0.9559		0.9526		0.9490		0.9453
	46		0.9872		0.9860		0.9847		0.9833		0.9819		0.9803		0.9786		0.9768		0.9748		0.9728		0.9705		0.9681		0.9656		0.9628		0.9599		0.9568		0.9535		0.9499		0.9462
	47		0.9876		0.9865		0.9852		0.9839		0.9824		0.9809		0.9792		0.9774		0.9755		0.9735		0.9713		0.9689		0.9664		0.9637		0.9608		0.9577		0.9544		0.9509		0.9471
	48		0.9880		0.9869		0.9857		0.9844		0.9829		0.9814		0.9798		0.9781		0.9762		0.9742		0.9720		0.9697		0.9672		0.9645		0.9617		0.9586		0.9553		0.9518		0.9481
	49		0.9884		0.9873		0.9861		0.9849		0.9835		0.9820		0.9804		0.9787		0.9769		0.9749		0.9728		0.9705		0.9680		0.9654		0.9626		0.9595		0.9563		0.9528		0.9492
	50		0.9888		0.9878		0.9866		0.9854		0.9840		0.9826		0.9810		0.9794		0.9776		0.9756		0.9735		0.9713		0.9689		0.9663		0.9635		0.9605		0.9573		0.9539		0.9502
	51		0.9893		0.9882		0.9871		0.9859		0.9846		0.9832		0.9816		0.9800		0.9783		0.9764		0.9743		0.9721		0.9697		0.9672		0.9644		0.9615		0.9583		0.9549		0.9513
	52		0.9896		0.9886		0.9876		0.9864		0.9851		0.9837		0.9823		0.9807		0.9790		0.9771		0.9751		0.9729		0.9706		0.9681		0.9654		0.9625		0.9594		0.9560		0.9525
	53		0.9900		0.9891		0.9880		0.9869		0.9856		0.9843		0.9829		0.9813		0.9797		0.9778		0.9759		0.9738		0.9715		0.9690		0.9664		0.9635		0.9604		0.9571		0.9536
	54		0.9904		0.9895		0.9885		0.9874		0.9862		0.9849		0.9835		0.9820		0.9804		0.9786		0.9767		0.9746		0.9724		0.9700		0.9674		0.9645		0.9615		0.9583		0.9548
	55		0.9908		0.9899		0.9889		0.9878		0.9867		0.9854		0.9841		0.9826		0.9811		0.9793		0.9775		0.9755		0.9733		0.9709		0.9684		0.9656		0.9626		0.9594		0.9560

32

APPENDICES

TABLE H-2

Consolidated Edison Retirement Plan

Option factors applicable to CECONY Participants only

Not applicable to CECONY Weekly -1 or CEI Participants

75% Joint and Survivor Annuity with Popup

		PENSIONER’S AGE
		44		45		46		47		48		49		50		51		52		53		54		55		56		57		58		59		60		61		62
	56		0.9912		0.9903		0.9893		0.9883		0.9872		0.9860		0.9847		0.9833		0.9817		0.9801		0.9783		0.9763		0.9742		0.9719		0.9694		0.9667		0.9637		0.9606		0.9572
	57		0.9915		0.9907		0.9898		0.9888		0.9877		0.9865		0.9853		0.9839		0.9824		0.9808		0.9791		0.9772		0.9751		0.9728		0.9704		0.9677		0.9649		0.9618		0.9585
	58		0.9919		0.9911		0.9902		0.9892		0.9882		0.9871		0.9859		0.9845		0.9831		0.9816		0.9799		0.9780		0.9760		0.9738		0.9714		0.9688		0.9660		0.9630		0.9597
	59		0.9922		0.9915		0.9906		0.9897		0.9887		0.9876		0.9864		0.9852		0.9838		0.9823		0.9806		0.9788		0.9769		0.9747		0.9724		0.9699		0.9671		0.9642		0.9610
	60		0.9926		0.9918		0.9910		0.9901		0.9892		0.9881		0.9870		0.9858		0.9844		0.9830		0.9814		0.9797		0.9778		0.9757		0.9734		0.9710		0.9683		0.9654		0.9623
	61		0.9929		0.9922		0.9914		0.9906		0.9896		0.9886		0.9876		0.9864		0.9851		0.9837		0.9822		0.9805		0.9786		0.9766		0.9744		0.9720		0.9694		0.9666		0.9636
	62		0.9932		0.9925		0.9918		0.9910		0.9901		0.9891		0.9881		0.9870		0.9857		0.9844		0.9829		0.9813		0.9795		0.9776		0.9754		0.9731		0.9706		0.9678		0.9648
	63		0.9935		0.9929		0.9921		0.9914		0.9905		0.9896		0.9886		0.9875		0.9863		0.9851		0.9836		0.9821		0.9804		0.9785		0.9764		0.9742		0.9717		0.9690		0.9661
	64		0.9938		0.9932		0.9925		0.9918		0.9910		0.9901		0.9891		0.9881		0.9870		0.9857		0.9844		0.9829		0.9812		0.9794		0.9774		0.9752		0.9728		0.9702		0.9674
	65		0.9941		0.9935		0.9928		0.9921		0.9914		0.9905		0.9896		0.9886		0.9875		0.9864		0.9851		0.9836		0.9820		0.9803		0.9784		0.9763		0.9740		0.9714		0.9687
	66		0.9944		0.9938		0.9932		0.9925		0.9918		0.9910		0.9901		0.9892		0.9881		0.9870		0.9857		0.9844		0.9828		0.9812		0.9793		0.9773		0.9751		0.9726		0.9699
	67		0.9947		0.9941		0.9935		0.9929		0.9922		0.9914		0.9906		0.9897		0.9887		0.9876		0.9864		0.9851		0.9836		0.9820		0.9802		0.9783		0.9761		0.9738		0.9712
	68		0.9949		0.9944		0.9938		0.9932		0.9925		0.9918		0.9910		0.9901		0.9892		0.9882		0.9870		0.9858		0.9844		0.9829		0.9812		0.9793		0.9772		0.9749		0.9724
	69		0.9952		0.9947		0.9941		0.9935		0.9929		0.9922		0.9914		0.9906		0.9897		0.9887		0.9877		0.9865		0.9851		0.9837		0.9820		0.9802		0.9782		0.9760		0.9736
	70		0.9954		0.9949		0.9944		0.9938		0.9932		0.9926		0.9919		0.9911		0.9902		0.9893		0.9883		0.9871		0.9859		0.9845		0.9829		0.9812		0.9792		0.9771		0.9748
	71		0.9956		0.9952		0.9947		0.9941		0.9936		0.9929		0.9923		0.9915		0.9907		0.9898		0.9888		0.9878		0.9866		0.9852		0.9837		0.9821		0.9802		0.9782		0.9760
	72		0.9958		0.9954		0.9949		0.9944		0.9939		0.9933		0.9926		0.9919		0.9912		0.9903		0.9894		0.9884		0.9872		0.9860		0.9845		0.9829		0.9812		0.9792		0.9771
	73		0.9961		0.9956		0.9952		0.9947		0.9942		0.9936		0.9930		0.9923		0.9916		0.9908		0.9899		0.9890		0.9879		0.9867		0.9853		0.9838		0.9821		0.9803		0.9782
	74		0.9963		0.9959		0.9954		0.9950		0.9945		0.9939		0.9934		0.9927		0.9921		0.9913		0.9905		0.9895		0.9885		0.9873		0.9861		0.9846		0.9830		0.9812		0.9793
	75		0.9965		0.9961		0.9957		0.9952		0.9948		0.9943		0.9937		0.9931		0.9925		0.9917		0.9910		0.9901		0.9891		0.9880		0.9868		0.9854		0.9839		0.9822		0.9803
	76		0.9966		0.9963		0.9959		0.9955		0.9950		0.9946		0.9940		0.9935		0.9929		0.9922		0.9914		0.9906		0.9897		0.9886		0.9875		0.9862		0.9847		0.9831		0.9813
	77		0.9968		0.9965		0.9961		0.9957		0.9953		0.9948		0.9943		0.9938		0.9932		0.9926		0.9919		0.9911		0.9902		0.9892		0.9881		0.9869		0.9855		0.9840		0.9823
	78		0.9970		0.9967		0.9963		0.9959		0.9955		0.9951		0.9946		0.9941		0.9936		0.9930		0.9923		0.9916		0.9907		0.9898		0.9888		0.9876		0.9863		0.9848		0.9832
	79		0.9972		0.9968		0.9965		0.9962		0.9958		0.9954		0.9949		0.9944		0.9939		0.9934		0.9927		0.9920		0.9912		0.9904		0.9894		0.9883		0.9870		0.9856		0.9841
	80		0.9973		0.9970		0.9967		0.9964		0.9960		0.9956		0.9952		0.9947		0.9942		0.9937		0.9931		0.9925		0.9917		0.9909		0.9900		0.9889		0.9877		0.9864		0.9849
	81		0.9975		0.9972		0.9969		0.9966		0.9962		0.9958		0.9954		0.9950		0.9946		0.9941		0.9935		0.9929		0.9922		0.9914		0.9905		0.9895		0.9884		0.9872		0.9858
	82		0.9976		0.9973		0.9971		0.9967		0.9964		0.9961		0.9957		0.9953		0.9949		0.9944		0.9939		0.9933		0.9926		0.9919		0.9911		0.9901		0.9891		0.9879		0.9866
	83		0.9977		0.9975		0.9972		0.9969		0.9966		0.9963		0.9959		0.9956		0.9951		0.9947		0.9942		0.9936		0.9930		0.9923		0.9916		0.9907		0.9897		0.9886		0.9873
	84		0.9979		0.9976		0.9974		0.9971		0.9968		0.9965		0.9962		0.9958		0.9954		0.9950		0.9945		0.9940		0.9934		0.9928		0.9921		0.9912		0.9903		0.9892		0.9880
	85		0.9980		0.9978		0.9975		0.9973		0.9970		0.9967		0.9964		0.9960		0.9957		0.9953		0.9948		0.9944		0.9938		0.9932		0.9925		0.9917		0.9909		0.9899		0.9887

33

APPENDICES

TABLE H-2

Consolidated Edison Retirement Plan

Option factors applicable to CECONY Participants only

Not applicable to CECONY Weekly -1 or CEI Participants

75% Joint and Survivor Annuity with Popup

		PENSIONER’S AGE
		63		64		65		66		67		68		69		70		71		72		73		74		75
	25		0.9292		0.9249		0.9204		0.9158		0.9110		0.9060		0.9009		0.8957		0.8903		0.8847		0.8790		0.8732		0.8674
	26		0.9295		0.9252		0.9208		0.9161		0.9113		0.9064		0.9013		0.8960		0.8906		0.8850		0.8794		0.8736		0.8677
	27		0.9299		0.9256		0.9211		0.9165		0.9117		0.9067		0.9016		0.8964		0.8909		0.8854		0.8797		0.8739		0.8680
	28		0.9303		0.9260		0.9215		0.9169		0.9121		0.9071		0.9020		0.8967		0.8913		0.8858		0.8801		0.8743		0.8684
	29		0.9307		0.9264		0.9220		0.9173		0.9125		0.9075		0.9024		0.8971		0.8917		0.8862		0.8805		0.8747		0.8687
	30		0.9311		0.9269		0.9224		0.9178		0.9129		0.9080		0.9028		0.8976		0.8921		0.8866		0.8809		0.8751		0.8691
	31		0.9316		0.9273		0.9229		0.9182		0.9134		0.9084		0.9033		0.8980		0.8926		0.8870		0.8813		0.8755		0.8696
	32		0.9321		0.9278		0.9234		0.9187		0.9139		0.9089		0.9038		0.8985		0.8931		0.8875		0.8818		0.8760		0.8700
	33		0.9326		0.9283		0.9239		0.9192		0.9144		0.9094		0.9043		0.8990		0.8936		0.8880		0.8823		0.8765		0.8705
	34		0.9332		0.9289		0.9244		0.9198		0.9150		0.9100		0.9049		0.8996		0.8941		0.8885		0.8828		0.8770		0.8710
	35		0.9337		0.9295		0.9250		0.9204		0.9155		0.9106		0.9054		0.9001		0.8947		0.8891		0.8834		0.8775		0.8716
	36		0.9343		0.9301		0.9256		0.9210		0.9162		0.9112		0.9060		0.9007		0.8953		0.8897		0.8840		0.8781		0.8722
	37		0.9350		0.9307		0.9263		0.9216		0.9168		0.9118		0.9067		0.9014		0.8959		0.8903		0.8846		0.8787		0.8728
	38		0.9356		0.9314		0.9269		0.9223		0.9175		0.9125		0.9074		0.9021		0.8966		0.8910		0.8853		0.8794		0.8734
	39		0.9363		0.9321		0.9276		0.9230		0.9182		0.9132		0.9081		0.9028		0.8973		0.8917		0.8860		0.8801		0.8741
	40		0.9371		0.9328		0.9284		0.9238		0.9190		0.9140		0.9088		0.9035		0.8981		0.8925		0.8867		0.8808		0.8748
	41		0.9378		0.9336		0.9292		0.9246		0.9198		0.9148		0.9096		0.9043		0.8989		0.8933		0.8875		0.8816		0.8756
	42		0.9386		0.9344		0.9300		0.9254		0.9206		0.9156		0.9105		0.9052		0.8997		0.8941		0.8883		0.8824		0.8764
	43		0.9395		0.9353		0.9309		0.9263		0.9215		0.9165		0.9114		0.9061		0.9006		0.8950		0.8892		0.8833		0.8773
	44		0.9404		0.9362		0.9318		0.9272		0.9224		0.9174		0.9123		0.9070		0.9015		0.8959		0.8901		0.8842		0.8782
	45		0.9413		0.9371		0.9327		0.9281		0.9233		0.9184		0.9133		0.9080		0.9025		0.8969		0.8911		0.8852		0.8791
	46		0.9422		0.9381		0.9337		0.9291		0.9243		0.9194		0.9143		0.9090		0.9035		0.8979		0.8921		0.8862		0.8801
	47		0.9432		0.9391		0.9347		0.9301		0.9254		0.9204		0.9153		0.9100		0.9046		0.8990		0.8932		0.8872		0.8812
	48		0.9442		0.9401		0.9358		0.9312		0.9265		0.9216		0.9164		0.9112		0.9057		0.9001		0.8943		0.8884		0.8823
	49		0.9453		0.9412		0.9369		0.9323		0.9276		0.9227		0.9176		0.9123		0.9069		0.9013		0.8955		0.8895		0.8835
	50		0.9464		0.9423		0.9380		0.9335		0.9288		0.9239		0.9188		0.9136		0.9081		0.9025		0.8967		0.8908		0.8847
	51		0.9475		0.9435		0.9392		0.9347		0.9300		0.9252		0.9201		0.9149		0.9094		0.9038		0.8980		0.8921		0.8860
	52		0.9487		0.9447		0.9404		0.9360		0.9313		0.9265		0.9214		0.9162		0.9108		0.9052		0.8994		0.8935		0.8874
	53		0.9499		0.9459		0.9417		0.9373		0.9326		0.9278		0.9228		0.9176		0.9122		0.9066		0.9008		0.8949		0.8888
	54		0.9511		0.9471		0.9430		0.9386		0.9340		0.9292		0.9242		0.9190		0.9137		0.9081		0.9023		0.8964		0.8903
	55		0.9523		0.9484		0.9443		0.9400		0.9354		0.9307		0.9257		0.9205		0.9152		0.9096		0.9039		0.8980		0.8919

34

APPENDICES

TABLE H-2

Consolidated Edison Retirement Plan

Option factors applicable to CECONY Participants only

Not applicable to CECONY Weekly -1 or CEI Participants

75% Joint and Survivor Annuity with Popup

		PENSIONER’S AGE
		63		64		65		66		67		68		69		70		71		72		73		74		75
	56		0.9536		0.9498		0.9457		0.9414		0.9369		0.9322		0.9272		0.9221		0.9168		0.9112		0.9055		0.8996		0.8936
	57		0.9549		0.9511		0.9471		0.9429		0.9384		0.9337		0.9288		0.9237		0.9184		0.9129		0.9072		0.9013		0.8953
	58		0.9562		0.9525		0.9485		0.9443		0.9399		0.9353		0.9304		0.9254		0.9201		0.9146		0.9090		0.9031		0.8971
	59		0.9576		0.9539		0.9500		0.9459		0.9415		0.9369		0.9321		0.9271		0.9219		0.9164		0.9108		0.9049		0.8989
	60		0.9589		0.9553		0.9515		0.9474		0.9431		0.9386		0.9338		0.9289		0.9237		0.9183		0.9127		0.9069		0.9009
	61		0.9603		0.9567		0.9530		0.9490		0.9447		0.9403		0.9356		0.9307		0.9255		0.9202		0.9146		0.9088		0.9029
	62		0.9616		0.9582		0.9545		0.9505		0.9464		0.9420		0.9373		0.9325		0.9274		0.9221		0.9166		0.9109		0.9049
	63		0.9630		0.9596		0.9560		0.9521		0.9480		0.9437		0.9392		0.9344		0.9294		0.9241		0.9186		0.9129		0.9071
	64		0.9643		0.9610		0.9575		0.9537		0.9497		0.9455		0.9410		0.9363		0.9313		0.9261		0.9207		0.9151		0.9092
	65		0.9657		0.9625		0.9590		0.9553		0.9514		0.9472		0.9428		0.9382		0.9333		0.9282		0.9228		0.9173		0.9115
	66		0.9671		0.9639		0.9606		0.9569		0.9531		0.9490		0.9447		0.9401		0.9353		0.9303		0.9250		0.9195		0.9138
	67		0.9684		0.9653		0.9621		0.9585		0.9548		0.9508		0.9466		0.9421		0.9374		0.9324		0.9272		0.9218		0.9161
	68		0.9697		0.9668		0.9636		0.9601		0.9565		0.9526		0.9484		0.9441		0.9394		0.9345		0.9294		0.9240		0.9185
	69		0.9710		0.9681		0.9650		0.9617		0.9582		0.9544		0.9503		0.9460		0.9415		0.9367		0.9317		0.9264		0.9209
	70		0.9723		0.9695		0.9665		0.9633		0.9598		0.9561		0.9522		0.9480		0.9436		0.9389		0.9339		0.9287		0.9233
	71		0.9735		0.9709		0.9680		0.9648		0.9615		0.9579		0.9540		0.9499		0.9456		0.9410		0.9362		0.9311		0.9257
	72		0.9747		0.9722		0.9694		0.9664		0.9631		0.9596		0.9559		0.9519		0.9477		0.9432		0.9384		0.9334		0.9282
	73		0.9759		0.9735		0.9708		0.9678		0.9647		0.9613		0.9577		0.9538		0.9497		0.9453		0.9407		0.9358		0.9306
	74		0.9771		0.9747		0.9721		0.9693		0.9663		0.9630		0.9595		0.9557		0.9517		0.9475		0.9429		0.9381		0.9331
	75		0.9782		0.9759		0.9734		0.9707		0.9678		0.9646		0.9612		0.9576		0.9537		0.9496		0.9452		0.9405		0.9355
	76		0.9793		0.9771		0.9747		0.9721		0.9693		0.9662		0.9630		0.9594		0.9557		0.9517		0.9474		0.9428		0.9380
	77		0.9804		0.9783		0.9760		0.9735		0.9708		0.9678		0.9646		0.9613		0.9576		0.9537		0.9495		0.9451		0.9404
	78		0.9814		0.9794		0.9772		0.9748		0.9722		0.9693		0.9663		0.9630		0.9595		0.9557		0.9517		0.9473		0.9428
	79		0.9824		0.9804		0.9783		0.9760		0.9735		0.9708		0.9679		0.9647		0.9613		0.9577		0.9538		0.9496		0.9451
	80		0.9833		0.9815		0.9795		0.9773		0.9749		0.9723		0.9695		0.9664		0.9631		0.9596		0.9558		0.9518		0.9474
	81		0.9842		0.9825		0.9806		0.9784		0.9762		0.9737		0.9710		0.9680		0.9649		0.9615		0.9578		0.9539		0.9497
	82		0.9851		0.9834		0.9816		0.9796		0.9774		0.9750		0.9724		0.9696		0.9666		0.9633		0.9598		0.9560		0.9519
	83		0.9859		0.9843		0.9826		0.9807		0.9786		0.9763		0.9739		0.9712		0.9683		0.9651		0.9617		0.9581		0.9541
	84		0.9867		0.9852		0.9836		0.9818		0.9798		0.9776		0.9752		0.9727		0.9699		0.9669		0.9636		0.9601		0.9563
	85		0.9875		0.9861		0.9845		0.9828		0.9809		0.9788		0.9766		0.9741		0.9715		0.9686		0.9654		0.9621		0.9584

35

APPENDICES

TABLE I

Conversion From Single Life to

Twelve Year Certain with 50% Joint & Survivor without Pop-Up

CECONY Weekly Participants –1

		Age of Pensioner
		30		31		32		33		34		35		36		37		38		39		40		41		42		43		44		45
	25		0.9858		0.9845		0.9833		0.9818		0.9804		0.9787		0.9768		0.9749		0.9729		0.9706		0.9681		0.9655		0.9626		0.9596		0.9564		0.9528
	26		0.9861		0.9849		0.9837		0.9822		0.9808		0.9791		0.9773		0.9754		0.9733		0.9711		0.9687		0.9660		0.9632		0.9602		0.9570		0.9534
	27		0.9865		0.9853		0.9841		0.9826		0.9812		0.9796		0.9778		0.9759		0.9738		0.9716		0.9692		0.9666		0.9638		0.9608		0.9576		0.9541
	28		0.9868		0.9856		0.9844		0.9830		0.9816		0.9800		0.9782		0.9764		0.9744		0.9722		0.9698		0.9672		0.9644		0.9615		0.9582		0.9548
	29		0.9872		0.9860		0.9848		0.9834		0.9820		0.9804		0.9787		0.9769		0.9749		0.9727		0.9703		0.9677		0.9651		0.9621		0.9589		0.9554
	30		0.9875		0.9864		0.9852		0.9839		0.9825		0.9809		0.9792		0.9774		0.9755		0.9733		0.9709		0.9684		0.9657		0.9628		0.9596		0.9561
	31		0.9879		0.9867		0.9856		0.9842		0.9829		0.9814		0.9797		0.9779		0.9760		0.9739		0.9715		0.9690		0.9664		0.9635		0.9603		0.9569
	32		0.9882		0.9871		0.9860		0.9847		0.9834		0.9818		0.9802		0.9784		0.9766		0.9745		0.9722		0.9697		0.9671		0.9642		0.9611		0.9577
	33		0.9885		0.9875		0.9864		0.9851		0.9838		0.9824		0.9807		0.9790		0.9772		0.9750		0.9728		0.9703		0.9678		0.9649		0.9618		0.9585
	34		0.9889		0.9879		0.9868		0.9856		0.9843		0.9829		0.9812		0.9795		0.9777		0.9757		0.9734		0.9710		0.9685		0.9657		0.9626		0.9593
	35		0.9892		0.9882		0.9872		0.9859		0.9848		0.9833		0.9818		0.9801		0.9783		0.9763		0.9741		0.9717		0.9692		0.9664		0.9634		0.9601
	36		0.9896		0.9886		0.9876		0.9864		0.9852		0.9838		0.9823		0.9807		0.9789		0.9770		0.9748		0.9725		0.9699		0.9672		0.9643		0.9610
	37		0.9899		0.9890		0.9880		0.9868		0.9857		0.9843		0.9828		0.9812		0.9795		0.9776		0.9755		0.9732		0.9708		0.9680		0.9652		0.9619
	38		0.9902		0.9893		0.9884		0.9873		0.9861		0.9848		0.9834		0.9818		0.9801		0.9782		0.9762		0.9739		0.9715		0.9689		0.9660		0.9629
	39		0.9906		0.9897		0.9888		0.9876		0.9865		0.9853		0.9839		0.9824		0.9807		0.9789		0.9769		0.9746		0.9723		0.9697		0.9669		0.9638
	40		0.9909		0.9901		0.9891		0.9881		0.9871		0.9858		0.9844		0.9830		0.9814		0.9796		0.9776		0.9754		0.9731		0.9705		0.9678		0.9648
	41		0.9913		0.9904		0.9895		0.9885		0.9875		0.9863		0.9850		0.9836		0.9820		0.9803		0.9783		0.9761		0.9739		0.9714		0.9687		0.9658
	42		0.9916		0.9907		0.9899		0.9889		0.9880		0.9868		0.9855		0.9841		0.9826		0.9809		0.9790		0.9769		0.9747		0.9722		0.9697		0.9667
	43		0.9919		0.9911		0.9903		0.9893		0.9884		0.9872		0.9860		0.9847		0.9832		0.9815		0.9797		0.9776		0.9756		0.9731		0.9706		0.9677
	44		0.9922		0.9914		0.9906		0.9897		0.9889		0.9877		0.9865		0.9852		0.9838		0.9822		0.9804		0.9785		0.9764		0.9740		0.9715		0.9687
	45		0.9925		0.9918		0.9910		0.9901		0.9892		0.9882		0.9870		0.9858		0.9844		0.9828		0.9811		0.9792		0.9771		0.9749		0.9724		0.9697
	46		0.9928		0.9921		0.9914		0.9905		0.9897		0.9887		0.9875		0.9863		0.9850		0.9835		0.9818		0.9799		0.9780		0.9757		0.9734		0.9707
	47		0.9931		0.9924		0.9917		0.9909		0.9900		0.9891		0.9880		0.9868		0.9856		0.9841		0.9825		0.9807		0.9788		0.9766		0.9743		0.9717
	48		0.9933		0.9927		0.9920		0.9913		0.9905		0.9896		0.9885		0.9874		0.9861		0.9848		0.9832		0.9814		0.9796		0.9775		0.9752		0.9726
	49		0.9936		0.9930		0.9924		0.9916		0.9909		0.9899		0.9890		0.9879		0.9867		0.9854		0.9838		0.9822		0.9803		0.9783		0.9761		0.9736
	50		0.9939		0.9933		0.9927		0.9919		0.9912		0.9904		0.9894		0.9883		0.9872		0.9860		0.9845		0.9829		0.9812		0.9791		0.9770		0.9746
	51		0.9942		0.9936		0.9930		0.9923		0.9916		0.9908		0.9899		0.9889		0.9878		0.9865		0.9851		0.9835		0.9819		0.9800		0.9779		0.9756
	52		0.9944		0.9939		0.9933		0.9926		0.9920		0.9912		0.9903		0.9893		0.9883		0.9871		0.9857		0.9842		0.9826		0.9808		0.9788		0.9765
	53		0.9946		0.9941		0.9936		0.9930		0.9924		0.9916		0.9907		0.9898		0.9888		0.9876		0.9864		0.9849		0.9834		0.9816		0.9797		0.9775
	54		0.9949		0.9944		0.9939		0.9933		0.9927		0.9920		0.9912		0.9903		0.9893		0.9882		0.9870		0.9856		0.9841		0.9824		0.9805		0.9785
	55		0.9951		0.9946		0.9942		0.9936		0.9930		0.9923		0.9916		0.9907		0.9898		0.9888		0.9876		0.9862		0.9848		0.9832		0.9814		0.9793

36

APPENDICES

TABLE I

Conversion from Single Life to

Twelve Year Certain with 50% Joint & Survivor without Pop-Up

CECONY Weekly Participant –1

		Age of Pensioner
		30		31		32		33		34		35		36		37		38		39		40		41		42		43		44		45
	56		0.9954		0.9949		0.9944		0.9939		0.9933		0.9927		0.9919		0.9911		0.9903		0.9892		0.9881		0.9868		0.9854		0.9839		0.9822		0.9802
	57		0.9956		0.9951		0.9947		0.9942		0.9936		0.9930		0.9923		0.9916		0.9907		0.9898		0.9886		0.9874		0.9861		0.9847		0.9830		0.9811
	58		0.9957		0.9953		0.9950		0.9944		0.9939		0.9934		0.9927		0.9920		0.9912		0.9902		0.9892		0.9880		0.9868		0.9853		0.9838		0.9820
	59		0.9960		0.9956		0.9952		0.9947		0.9942		0.9937		0.9931		0.9924		0.9916		0.9908		0.9897		0.9886		0.9874		0.9860		0.9846		0.9828
	60		0.9962		0.9958		0.9954		0.9949		0.9945		0.9940		0.9934		0.9927		0.9920		0.9912		0.9902		0.9891		0.9881		0.9867		0.9853		0.9836
	61		0.9963		0.9959		0.9956		0.9952		0.9948		0.9943		0.9937		0.9931		0.9924		0.9916		0.9907		0.9897		0.9886		0.9874		0.9860		0.9844
	62		0.9966		0.9962		0.9959		0.9955		0.9951		0.9946		0.9940		0.9934		0.9928		0.9921		0.9912		0.9902		0.9891		0.9880		0.9867		0.9852
	63		0.9967		0.9963		0.9961		0.9957		0.9953		0.9948		0.9944		0.9938		0.9932		0.9924		0.9916		0.9907		0.9897		0.9885		0.9873		0.9859
	64		0.9969		0.9965		0.9963		0.9958		0.9956		0.9951		0.9947		0.9941		0.9935		0.9928		0.9920		0.9911		0.9902		0.9891		0.9879		0.9866
	65		0.9970		0.9967		0.9965		0.9961		0.9958		0.9954		0.9949		0.9944		0.9938		0.9932		0.9925		0.9916		0.9907		0.9897		0.9885		0.9872
	66		0.9971		0.9968		0.9966		0.9963		0.9960		0.9956		0.9952		0.9947		0.9942		0.9936		0.9929		0.9920		0.9911		0.9902		0.9891		0.9878
	67		0.9973		0.9970		0.9968		0.9964		0.9962		0.9958		0.9954		0.9949		0.9945		0.9939		0.9932		0.9924		0.9916		0.9907		0.9896		0.9884
	68		0.9974		0.9971		0.9970		0.9967		0.9964		0.9960		0.9956		0.9952		0.9948		0.9942		0.9936		0.9928		0.9921		0.9912		0.9902		0.9890
	69		0.9975		0.9973		0.9971		0.9968		0.9966		0.9963		0.9959		0.9955		0.9950		0.9945		0.9939		0.9931		0.9925		0.9916		0.9906		0.9895
	70		0.9977		0.9974		0.9973		0.9970		0.9967		0.9964		0.9961		0.9957		0.9953		0.9947		0.9942		0.9935		0.9928		0.9920		0.9910		0.9900
	71		0.9977		0.9975		0.9974		0.9971		0.9969		0.9966		0.9963		0.9959		0.9955		0.9950		0.9945		0.9938		0.9932		0.9923		0.9915		0.9905
	72		0.9979		0.9977		0.9975		0.9972		0.9970		0.9968		0.9964		0.9961		0.9957		0.9953		0.9947		0.9941		0.9935		0.9927		0.9919		0.9909
	73		0.9980		0.9977		0.9976		0.9973		0.9972		0.9970		0.9966		0.9962		0.9959		0.9955		0.9949		0.9944		0.9938		0.9931		0.9922		0.9913
	74		0.9980		0.9978		0.9977		0.9975		0.9973		0.9970		0.9968		0.9965		0.9961		0.9957		0.9952		0.9946		0.9940		0.9934		0.9926		0.9917
	75		0.9981		0.9980		0.9978		0.9976		0.9974		0.9972		0.9969		0.9966		0.9963		0.9959		0.9954		0.9948		0.9943		0.9936		0.9929		0.9920
	76		0.9982		0.9980		0.9979		0.9977		0.9976		0.9973		0.9970		0.9967		0.9965		0.9960		0.9956		0.9951		0.9946		0.9939		0.9932		0.9923
	77		0.9983		0.9981		0.9980		0.9977		0.9976		0.9974		0.9972		0.9969		0.9966		0.9962		0.9958		0.9952		0.9947		0.9941		0.9934		0.9926
	78		0.9983		0.9981		0.9980		0.9978		0.9977		0.9975		0.9972		0.9970		0.9967		0.9964		0.9960		0.9954		0.9950		0.9943		0.9936		0.9929
	79		0.9983		0.9982		0.9981		0.9979		0.9978		0.9976		0.9973		0.9971		0.9968		0.9964		0.9960		0.9955		0.9951		0.9945		0.9939		0.9931
	80		0.9984		0.9983		0.9982		0.9980		0.9979		0.9976		0.9974		0.9972		0.9969		0.9966		0.9962		0.9957		0.9953		0.9947		0.9940		0.9933
	81		0.9985		0.9983		0.9982		0.9980		0.9979		0.9977		0.9975		0.9972		0.9970		0.9967		0.9963		0.9959		0.9954		0.9949		0.9942		0.9935
	82		0.9985		0.9983		0.9983		0.9980		0.9979		0.9978		0.9975		0.9973		0.9971		0.9967		0.9964		0.9959		0.9955		0.9949		0.9943		0.9937
	83		0.9986		0.9983		0.9983		0.9981		0.9980		0.9979		0.9976		0.9974		0.9971		0.9968		0.9965		0.9960		0.9956		0.9951		0.9945		0.9938
	84		0.9986		0.9984		0.9983		0.9982		0.9981		0.9979		0.9976		0.9975		0.9972		0.9969		0.9966		0.9962		0.9957		0.9952		0.9946		0.9939
	85		0.9986		0.9984		0.9983		0.9982		0.9981		0.9979		0.9977		0.9975		0.9973		0.9970		0.9966		0.9962		0.9958		0.9953		0.9947		0.9941

37

APPENDICES

TABLE I

Conversion from Single Life Annuity to

12 Year Certain And Life With 50% Joint And Survivor Without Pop Up

CECONY Weekly Participant –1

		Age of Pensioner
		46		47		48		49		50		51		52		53		54		55		56		57		58		59		60		61
	25		0.9491		0.9453		0.9410		0.9367		0.9319		0.9270		0.9218		0.9162		0.9102		0.9039		0.8972		0.8899		0.8822		0.8738		0.8650		0.8555
	26		0.9498		0.9459		0.9417		0.9373		0.9327		0.9278		0.9225		0.9169		0.9110		0.9047		0.8979		0.8907		0.8830		0.8746		0.8658		0.8563
	27		0.9505		0.9466		0.9424		0.9380		0.9334		0.9285		0.9233		0.9177		0.9118		0.9055		0.8987		0.8915		0.8838		0.8755		0.8666		0.8572
	28		0.9511		0.9473		0.9431		0.9388		0.9341		0.9293		0.9241		0.9185		0.9126		0.9063		0.8996		0.8924		0.8847		0.8764		0.8676		0.8581
	29		0.9519		0.9480		0.9439		0.9396		0.9349		0.9301		0.9249		0.9194		0.9135		0.9073		0.9005		0.8933		0.8856		0.8774		0.8685		0.8591
	30		0.9526		0.9488		0.9447		0.9404		0.9358		0.9310		0.9258		0.9203		0.9144		0.9082		0.9014		0.8943		0.8866		0.8784		0.8695		0.8601
	31		0.9534		0.9496		0.9455		0.9412		0.9367		0.9319		0.9267		0.9213		0.9153		0.9092		0.9025		0.8953		0.8877		0.8794		0.8706		0.8611
	32		0.9542		0.9504		0.9464		0.9421		0.9376		0.9328		0.9277		0.9223		0.9164		0.9102		0.9035		0.8964		0.8887		0.8805		0.8717		0.8623
	33		0.9550		0.9513		0.9473		0.9430		0.9386		0.9338		0.9287		0.9233		0.9175		0.9113		0.9046		0.8976		0.8899		0.8817		0.8729		0.8635
	34		0.9559		0.9522		0.9482		0.9440		0.9395		0.9348		0.9298		0.9244		0.9186		0.9124		0.9058		0.8987		0.8912		0.8830		0.8742		0.8648
	35		0.9568		0.9531		0.9492		0.9450		0.9406		0.9358		0.9308		0.9255		0.9197		0.9137		0.9070		0.9000		0.8924		0.8842		0.8755		0.8661
	36		0.9577		0.9541		0.9502		0.9460		0.9417		0.9370		0.9320		0.9267		0.9209		0.9149		0.9083		0.9013		0.8937		0.8856		0.8769		0.8675
	37		0.9587		0.9551		0.9512		0.9471		0.9428		0.9382		0.9332		0.9279		0.9222		0.9162		0.9096		0.9027		0.8951		0.8870		0.8784		0.8691
	38		0.9596		0.9560		0.9523		0.9482		0.9439		0.9393		0.9344		0.9292		0.9235		0.9175		0.9110		0.9041		0.8966		0.8885		0.8798		0.8706
	39		0.9606		0.9571		0.9533		0.9493		0.9451		0.9405		0.9357		0.9305		0.9249		0.9189		0.9125		0.9056		0.8982		0.8901		0.8815		0.8722
	40		0.9616		0.9581		0.9544		0.9505		0.9463		0.9418		0.9370		0.9319		0.9263		0.9204		0.9140		0.9071		0.8997		0.8917		0.8832		0.8739
	41		0.9626		0.9592		0.9556		0.9517		0.9475		0.9431		0.9384		0.9333		0.9277		0.9219		0.9156		0.9088		0.9014		0.8934		0.8849		0.8757
	42		0.9636		0.9603		0.9567		0.9529		0.9488		0.9445		0.9398		0.9347		0.9293		0.9235		0.9172		0.9104		0.9031		0.8952		0.8868		0.8776
	43		0.9647		0.9615		0.9579		0.9541		0.9501		0.9458		0.9412		0.9363		0.9308		0.9251		0.9188		0.9122		0.9049		0.8971		0.8886		0.8795
	44		0.9657		0.9625		0.9591		0.9554		0.9514		0.9472		0.9426		0.9378		0.9324		0.9268		0.9206		0.9140		0.9067		0.8989		0.8906		0.8815
	45		0.9668		0.9637		0.9602		0.9566		0.9527		0.9486		0.9442		0.9393		0.9340		0.9285		0.9223		0.9158		0.9087		0.9009		0.8926		0.8836
	46		0.9679		0.9648		0.9615		0.9579		0.9541		0.9500		0.9457		0.9409		0.9357		0.9302		0.9241		0.9177		0.9107		0.9030		0.8948		0.8858
	47		0.9689		0.9659		0.9627		0.9592		0.9555		0.9515		0.9472		0.9425		0.9374		0.9320		0.9261		0.9196		0.9127		0.9051		0.8969		0.8881
	48		0.9700		0.9671		0.9639		0.9605		0.9569		0.9530		0.9488		0.9442		0.9392		0.9338		0.9280		0.9216		0.9148		0.9073		0.8992		0.8904
	49		0.9711		0.9682		0.9651		0.9618		0.9583		0.9545		0.9504		0.9458		0.9410		0.9357		0.9299		0.9237		0.9169		0.9095		0.9015		0.8928
	50		0.9721		0.9694		0.9664		0.9631		0.9597		0.9559		0.9519		0.9475		0.9427		0.9376		0.9319		0.9258		0.9191		0.9118		0.9039		0.8953
	51		0.9732		0.9705		0.9676		0.9645		0.9611		0.9575		0.9536		0.9492		0.9445		0.9395		0.9339		0.9279		0.9213		0.9141		0.9063		0.8978
	52		0.9742		0.9716		0.9688		0.9658		0.9625		0.9590		0.9551		0.9510		0.9463		0.9414		0.9359		0.9301		0.9236		0.9165		0.9088		0.9004
	53		0.9752		0.9728		0.9700		0.9671		0.9639		0.9604		0.9568		0.9527		0.9481		0.9434		0.9380		0.9323		0.9259		0.9189		0.9113		0.9030
	54		0.9763		0.9739		0.9712		0.9683		0.9652		0.9619		0.9583		0.9543		0.9500		0.9453		0.9400		0.9344		0.9282		0.9214		0.9139		0.9057
	55		0.9772		0.9750		0.9723		0.9696		0.9667		0.9634		0.9599		0.9561		0.9518		0.9472		0.9422		0.9366		0.9306		0.9238		0.9165		0.9085

38

APPENDICES

TABLE I

Conversion from Single Life Annuity to

12 Year Certain And Life With 50% Joint And Survivor Without Pop Up

CECONY Weekly Participant –1

		Age of Pensioner
		46		47		48		49		50		51		52		53		54		55		56		57		58		59		60		61
	56		0.9782		0.9760		0.9735		0.9708		0.9680		0.9648		0.9615		0.9577		0.9536		0.9492		0.9443		0.9389		0.9330		0.9263		0.9191		0.9113
	57		0.9792		0.9771		0.9747		0.9721		0.9693		0.9663		0.9631		0.9595		0.9554		0.9511		0.9463		0.9411		0.9353		0.9288		0.9219		0.9141
	58		0.9801		0.9781		0.9758		0.9733		0.9707		0.9678		0.9646		0.9612		0.9573		0.9531		0.9484		0.9433		0.9376		0.9314		0.9245		0.9169
	59		0.9810		0.9790		0.9769		0.9745		0.9719		0.9691		0.9661		0.9628		0.9590		0.9550		0.9505		0.9456		0.9401		0.9339		0.9272		0.9199
	60		0.9819		0.9800		0.9779		0.9757		0.9732		0.9705		0.9676		0.9644		0.9607		0.9569		0.9525		0.9478		0.9424		0.9365		0.9300		0.9227
	61		0.9828		0.9810		0.9789		0.9768		0.9744		0.9718		0.9691		0.9660		0.9625		0.9587		0.9545		0.9499		0.9447		0.9390		0.9326		0.9256
	62		0.9836		0.9818		0.9799		0.9779		0.9756		0.9731		0.9704		0.9675		0.9641		0.9606		0.9565		0.9520		0.9471		0.9414		0.9353		0.9284
	63		0.9843		0.9827		0.9808		0.9789		0.9767		0.9744		0.9718		0.9690		0.9658		0.9623		0.9584		0.9541		0.9493		0.9439		0.9378		0.9312
	64		0.9851		0.9836		0.9818		0.9799		0.9778		0.9756		0.9732		0.9704		0.9673		0.9641		0.9603		0.9562		0.9515		0.9463		0.9404		0.9339
	65		0.9858		0.9844		0.9827		0.9808		0.9789		0.9767		0.9744		0.9718		0.9689		0.9657		0.9621		0.9581		0.9536		0.9485		0.9430		0.9366
	66		0.9865		0.9851		0.9835		0.9818		0.9799		0.9779		0.9756		0.9731		0.9704		0.9674		0.9639		0.9600		0.9557		0.9508		0.9454		0.9393
	67		0.9872		0.9858		0.9843		0.9827		0.9809		0.9789		0.9768		0.9745		0.9718		0.9689		0.9655		0.9619		0.9577		0.9530		0.9477		0.9419
	68		0.9878		0.9865		0.9851		0.9835		0.9818		0.9799		0.9779		0.9757		0.9731		0.9704		0.9671		0.9636		0.9596		0.9551		0.9501		0.9444
	69		0.9884		0.9872		0.9858		0.9843		0.9827		0.9809		0.9790		0.9768		0.9743		0.9717		0.9686		0.9653		0.9615		0.9571		0.9522		0.9467
	70		0.9889		0.9877		0.9864		0.9850		0.9835		0.9818		0.9800		0.9779		0.9755		0.9730		0.9701		0.9669		0.9632		0.9590		0.9543		0.9490
	71		0.9895		0.9884		0.9871		0.9857		0.9842		0.9826		0.9809		0.9789		0.9767		0.9743		0.9714		0.9684		0.9648		0.9608		0.9563		0.9512
	72		0.9900		0.9888		0.9876		0.9863		0.9850		0.9834		0.9817		0.9798		0.9777		0.9754		0.9728		0.9698		0.9664		0.9625		0.9581		0.9532
	73		0.9904		0.9893		0.9882		0.9869		0.9856		0.9841		0.9825		0.9807		0.9787		0.9765		0.9740		0.9711		0.9679		0.9641		0.9599		0.9551
	74		0.9908		0.9898		0.9887		0.9874		0.9862		0.9847		0.9833		0.9816		0.9796		0.9775		0.9750		0.9723		0.9692		0.9656		0.9615		0.9569
	75		0.9911		0.9902		0.9891		0.9880		0.9867		0.9854		0.9839		0.9823		0.9804		0.9784		0.9760		0.9734		0.9705		0.9669		0.9630		0.9586
	76		0.9915		0.9906		0.9896		0.9884		0.9872		0.9860		0.9846		0.9830		0.9812		0.9793		0.9770		0.9745		0.9716		0.9683		0.9645		0.9601
	77		0.9919		0.9909		0.9899		0.9889		0.9877		0.9865		0.9852		0.9837		0.9819		0.9800		0.9778		0.9754		0.9726		0.9694		0.9657		0.9615
	78		0.9921		0.9912		0.9903		0.9892		0.9881		0.9870		0.9857		0.9842		0.9825		0.9807		0.9786		0.9763		0.9736		0.9705		0.9669		0.9628
	79		0.9923		0.9915		0.9905		0.9895		0.9885		0.9874		0.9861		0.9847		0.9831		0.9813		0.9793		0.9771		0.9745		0.9713		0.9679		0.9639
	80		0.9926		0.9918		0.9908		0.9899		0.9888		0.9877		0.9865		0.9852		0.9836		0.9819		0.9800		0.9778		0.9752		0.9722		0.9689		0.9650
	81		0.9928		0.9920		0.9911		0.9901		0.9891		0.9880		0.9869		0.9856		0.9840		0.9824		0.9805		0.9784		0.9759		0.9730		0.9697		0.9660
	82		0.9930		0.9922		0.9913		0.9904		0.9894		0.9884		0.9872		0.9859		0.9844		0.9829		0.9810		0.9789		0.9765		0.9736		0.9705		0.9668
	83		0.9931		0.9924		0.9915		0.9906		0.9896		0.9886		0.9875		0.9863		0.9847		0.9833		0.9814		0.9794		0.9770		0.9743		0.9711		0.9676
	84		0.9933		0.9925		0.9917		0.9908		0.9899		0.9889		0.9877		0.9865		0.9851		0.9836		0.9818		0.9798		0.9775		0.9748		0.9718		0.9682
	85		0.9934		0.9927		0.9918		0.9909		0.9900		0.9890		0.9880		0.9868		0.9853		0.9839		0.9821		0.9802		0.9779		0.9752		0.9722		0.9687

39

APPENDICES

TABLE I

Conversion from Single Life Annuity to

12 Year Certain And Life With 50% Joint And Survivor Without Pop Up

CECONY Weekly Participant –1

		Age of Pensioner
		62		63		64		65		66		67		68		69		70		71		72		73		74		75
	25		0.8455		0.8347		0.8232		0.8112		0.7984		0.7851		0.7710		0.7563		0.7410		0.7250		0.7083		0.6909		0.6729		0.6544
	26		0.8462		0.8355		0.8241		0.8121		0.7993		0.7859		0.7718		0.7571		0.7418		0.7258		0.7091		0.6917		0.6737		0.6552
	27		0.8472		0.8364		0.8250		0.8129		0.8001		0.7868		0.7727		0.7580		0.7426		0.7266		0.7099		0.6926		0.6745		0.6560
	28		0.8481		0.8373		0.8259		0.8139		0.8011		0.7877		0.7737		0.7589		0.7436		0.7275		0.7108		0.6934		0.6754		0.6569
	29		0.8490		0.8383		0.8269		0.8149		0.8021		0.7887		0.7746		0.7599		0.7445		0.7285		0.7118		0.6944		0.6763		0.6578
	30		0.8501		0.8393		0.8279		0.8159		0.8032		0.7898		0.7757		0.7610		0.7456		0.7296		0.7129		0.6954		0.6773		0.6588
	31		0.8511		0.8404		0.8290		0.8170		0.8043		0.7909		0.7768		0.7621		0.7467		0.7307		0.7140		0.6965		0.6784		0.6599
	32		0.8523		0.8416		0.8302		0.8182		0.8055		0.7921		0.7780		0.7633		0.7479		0.7318		0.7151		0.6977		0.6795		0.6609
	33		0.8535		0.8428		0.8315		0.8195		0.8067		0.7933		0.7792		0.7645		0.7492		0.7331		0.7163		0.6989		0.6807		0.6622
	34		0.8548		0.8441		0.8327		0.8208		0.8081		0.7947		0.7806		0.7659		0.7505		0.7344		0.7176		0.7002		0.6820		0.6634
	35		0.8562		0.8455		0.8342		0.8222		0.8095		0.7961		0.7820		0.7673		0.7519		0.7358		0.7190		0.7016		0.6834		0.6648
	36		0.8576		0.8469		0.8356		0.8237		0.8109		0.7976		0.7835		0.7688		0.7534		0.7373		0.7205		0.7030		0.6848		0.6662
	37		0.8591		0.8484		0.8372		0.8252		0.8125		0.7991		0.7850		0.7704		0.7550		0.7389		0.7221		0.7046		0.6864		0.6677
	38		0.8607		0.8501		0.8388		0.8269		0.8141		0.8008		0.7867		0.7720		0.7566		0.7406		0.7237		0.7062		0.6880		0.6693
	39		0.8624		0.8518		0.8405		0.8286		0.8159		0.8026		0.7885		0.7738		0.7584		0.7423		0.7255		0.7080		0.6897		0.6710
	40		0.8641		0.8535		0.8422		0.8304		0.8177		0.8044		0.7904		0.7756		0.7603		0.7442		0.7273		0.7098		0.6916		0.6728
	41		0.8659		0.8554		0.8441		0.8323		0.8197		0.8064		0.7923		0.7777		0.7623		0.7462		0.7293		0.7117		0.6935		0.6747
	42		0.8678		0.8574		0.8461		0.8343		0.8217		0.8085		0.7944		0.7797		0.7643		0.7482		0.7314		0.7138		0.6955		0.6767
	43		0.8698		0.8594		0.8482		0.8364		0.8239		0.8106		0.7965		0.7819		0.7665		0.7504		0.7335		0.7160		0.6977		0.6789
	44		0.8719		0.8615		0.8503		0.8386		0.8261		0.8129		0.7988		0.7842		0.7688		0.7527		0.7359		0.7183		0.6999		0.6811
	45		0.8741		0.8637		0.8527		0.8409		0.8284		0.8152		0.8012		0.7866		0.7712		0.7552		0.7383		0.7207		0.7023		0.6835
	46		0.8763		0.8660		0.8550		0.8433		0.8308		0.8177		0.8037		0.7891		0.7738		0.7577		0.7408		0.7232		0.7048		0.6860
	47		0.8786		0.8684		0.8574		0.8458		0.8334		0.8203		0.8063		0.7917		0.7764		0.7603		0.7435		0.7259		0.7075		0.6886
	48		0.8810		0.8708		0.8600		0.8484		0.8360		0.8229		0.8091		0.7945		0.7792		0.7631		0.7463		0.7286		0.7102		0.6914
	49		0.8835		0.8734		0.8625		0.8510		0.8387		0.8257		0.8119		0.7974		0.7821		0.7660		0.7492		0.7316		0.7132		0.6942
	50		0.8861		0.8760		0.8653		0.8539		0.8416		0.8287		0.8149		0.8003		0.7851		0.7690		0.7522		0.7346		0.7162		0.6973
	51		0.8887		0.8787		0.8681		0.8567		0.8446		0.8317		0.8179		0.8034		0.7882		0.7723		0.7555		0.7378		0.7194		0.7004
	52		0.8914		0.8816		0.8710		0.8597		0.8476		0.8347		0.8211		0.8067		0.7916		0.7756		0.7588		0.7412		0.7228		0.7038
	53		0.8941		0.8844		0.8739		0.8628		0.8507		0.8381		0.8244		0.8101		0.7950		0.7790		0.7622		0.7447		0.7262		0.7073
	54		0.8970		0.8874		0.8770		0.8659		0.8540		0.8414		0.8279		0.8136		0.7985		0.7826		0.7659		0.7483		0.7299		0.7110
	55		0.8998		0.8903		0.8801		0.8692		0.8574		0.8448		0.8314		0.8172		0.8023		0.7864		0.7697		0.7522		0.7338		0.7148

40

APPENDICES

TABLE I

Conversion from Single Life Annuity to

12 Year Certain And Life With 50% Joint And Survivor Without Pop Up

CECONY Weekly Participant –1

		Age of Pensioner
		62		63		64		65		66		67		68		69		70		71		72		73		74		75
	56		0.9028		0.8934		0.8833		0.8725		0.8608		0.8484		0.8351		0.8209		0.8060		0.7903		0.7736		0.7561		0.7377		0.7187
	57		0.9057		0.8965		0.8866		0.8759		0.8643		0.8520		0.8388		0.8248		0.8100		0.7943		0.7777		0.7602		0.7419		0.7229
	58		0.9087		0.8997		0.8899		0.8793		0.8680		0.8557		0.8427		0.8288		0.8141		0.7985		0.7819		0.7645		0.7462		0.7273
	59		0.9118		0.9029		0.8933		0.8829		0.8716		0.8595		0.8466		0.8328		0.8182		0.8027		0.7863		0.7689		0.7506		0.7317
	60		0.9148		0.9062		0.8966		0.8864		0.8753		0.8635		0.8506		0.8370		0.8225		0.8071		0.7907		0.7735		0.7553		0.7364
	61		0.9178		0.9093		0.9000		0.8900		0.8791		0.8674		0.8547		0.8412		0.8269		0.8116		0.7953		0.7781		0.7600		0.7411
	62		0.9208		0.9126		0.9035		0.8936		0.8829		0.8713		0.8589		0.8455		0.8313		0.8162		0.8000		0.7829		0.7648		0.7460
	63		0.9239		0.9158		0.9068		0.8972		0.8866		0.8753		0.8630		0.8498		0.8358		0.8208		0.8047		0.7878		0.7698		0.7510
	64		0.9268		0.9189		0.9102		0.9008		0.8905		0.8792		0.8672		0.8542		0.8403		0.8255		0.8096		0.7927		0.7748		0.7561
	65		0.9297		0.9220		0.9136		0.9043		0.8941		0.8833		0.8713		0.8585		0.8448		0.8301		0.8144		0.7976		0.7798		0.7613
	66		0.9326		0.9251		0.9168		0.9078		0.8978		0.8871		0.8754		0.8628		0.8493		0.8348		0.8192		0.8026		0.7850		0.7665
	67		0.9354		0.9281		0.9200		0.9112		0.9015		0.8910		0.8795		0.8671		0.8538		0.8395		0.8241		0.8076		0.7901		0.7717
	68		0.9381		0.9309		0.9231		0.9145		0.9051		0.8947		0.8835		0.8714		0.8582		0.8441		0.8288		0.8126		0.7951		0.7769
	69		0.9406		0.9337		0.9262		0.9178		0.9085		0.8985		0.8874		0.8755		0.8626		0.8486		0.8336		0.8174		0.8002		0.7821
	70		0.9431		0.9364		0.9290		0.9209		0.9118		0.9020		0.8912		0.8795		0.8668		0.8530		0.8382		0.8223		0.8051		0.7872
	71		0.9454		0.9390		0.9318		0.9239		0.9151		0.9054		0.8949		0.8834		0.8709		0.8574		0.8428		0.8270		0.8101		0.7922
	72		0.9477		0.9414		0.9344		0.9267		0.9181		0.9088		0.8984		0.8871		0.8748		0.8616		0.8471		0.8315		0.8148		0.7971
	73		0.9498		0.9437		0.9369		0.9294		0.9210		0.9119		0.9018		0.8907		0.8787		0.8656		0.8513		0.8360		0.8194		0.8018
	74		0.9517		0.9458		0.9393		0.9320		0.9238		0.9148		0.9049		0.8941		0.8823		0.8694		0.8554		0.8402		0.8237		0.8064
	75		0.9536		0.9478		0.9415		0.9344		0.9264		0.9177		0.9080		0.8974		0.8857		0.8730		0.8593		0.8442		0.8280		0.8107
	76		0.9553		0.9497		0.9435		0.9366		0.9288		0.9203		0.9108		0.9004		0.8889		0.8765		0.8628		0.8480		0.8320		0.8148
	77		0.9568		0.9515		0.9453		0.9386		0.9311		0.9226		0.9133		0.9032		0.8919		0.8797		0.8662		0.8516		0.8356		0.8187
	78		0.9582		0.9530		0.9471		0.9405		0.9330		0.9249		0.9158		0.9057		0.8948		0.8827		0.8694		0.8549		0.8391		0.8224
	79		0.9596		0.9544		0.9486		0.9422		0.9349		0.9270		0.9179		0.9081		0.8973		0.8854		0.8723		0.8580		0.8424		0.8258
	80		0.9607		0.9557		0.9500		0.9438		0.9367		0.9288		0.9199		0.9103		0.8997		0.8880		0.8749		0.8609		0.8454		0.8290
	81		0.9617		0.9569		0.9513		0.9451		0.9382		0.9305		0.9218		0.9123		0.9018		0.8902		0.8775		0.8634		0.8481		0.8317
	82		0.9627		0.9579		0.9524		0.9464		0.9395		0.9320		0.9235		0.9141		0.9037		0.8922		0.8796		0.8657		0.8506		0.8344
	83		0.9635		0.9588		0.9535		0.9476		0.9408		0.9333		0.9249		0.9156		0.9054		0.8941		0.8816		0.8679		0.8528		0.8368
	84		0.9642		0.9596		0.9543		0.9485		0.9419		0.9345		0.9262		0.9171		0.9070		0.8958		0.8833		0.8698		0.8549		0.8389
	85		0.9649		0.9603		0.9552		0.9494		0.9428		0.9356		0.9274		0.9183		0.9083		0.8972		0.8849		0.8714		0.8567		0.8407

41

APPENDICES

TABLE J

Conversion from Single Life to

100% Joint and Survivor Without Pop-Up

CECONY Weekly Participants –1

		Age of Pensioner
		25		26		27		28		29		30		31		32		33		34		35		36		37		38		39		40		41
	25		0.9822		0.9806		0.9790		0.9772		0.9753		0.9733		0.9710		0.9686		0.9659		0.9631		0.9600		0.9567		0.9532		0.9494		0.9454		0.9409		0.9363
	26		0.9826		0.9811		0.9796		0.9778		0.9760		0.9739		0.9716		0.9693		0.9666		0.9639		0.9608		0.9576		0.9540		0.9503		0.9463		0.9420		0.9373
	27		0.9831		0.9817		0.9801		0.9784		0.9766		0.9746		0.9723		0.9700		0.9674		0.9647		0.9617		0.9584		0.9550		0.9513		0.9473		0.9430		0.9383
	28		0.9836		0.9822		0.9807		0.9790		0.9772		0.9752		0.9730		0.9708		0.9682		0.9655		0.9625		0.9594		0.9559		0.9523		0.9483		0.9441		0.9395
	29		0.9840		0.9827		0.9812		0.9795		0.9778		0.9759		0.9737		0.9715		0.9690		0.9664		0.9634		0.9603		0.9569		0.9533		0.9493		0.9452		0.9406
	30		0.9846		0.9832		0.9817		0.9801		0.9785		0.9766		0.9744		0.9723		0.9697		0.9672		0.9643		0.9612		0.9579		0.9543		0.9505		0.9463		0.9418
	31		0.9851		0.9837		0.9823		0.9807		0.9791		0.9772		0.9751		0.9731		0.9706		0.9681		0.9652		0.9622		0.9589		0.9554		0.9516		0.9474		0.9430
	32		0.9855		0.9842		0.9828		0.9813		0.9797		0.9779		0.9759		0.9738		0.9714		0.9689		0.9662		0.9632		0.9600		0.9565		0.9527		0.9486		0.9443
	33		0.9860		0.9847		0.9834		0.9819		0.9804		0.9786		0.9766		0.9746		0.9722		0.9698		0.9671		0.9642		0.9610		0.9576		0.9539		0.9499		0.9455
	34		0.9864		0.9852		0.9839		0.9825		0.9810		0.9793		0.9774		0.9753		0.9730		0.9707		0.9680		0.9652		0.9620		0.9587		0.9551		0.9511		0.9469
	35		0.9869		0.9857		0.9845		0.9831		0.9816		0.9799		0.9781		0.9761		0.9739		0.9716		0.9690		0.9662		0.9631		0.9599		0.9563		0.9524		0.9482
	36		0.9873		0.9863		0.9850		0.9837		0.9822		0.9806		0.9788		0.9769		0.9748		0.9725		0.9700		0.9672		0.9643		0.9610		0.9575		0.9537		0.9495
	37		0.9878		0.9867		0.9855		0.9842		0.9829		0.9813		0.9795		0.9777		0.9756		0.9734		0.9709		0.9683		0.9653		0.9622		0.9588		0.9550		0.9509
	38		0.9882		0.9872		0.9861		0.9848		0.9835		0.9820		0.9803		0.9785		0.9764		0.9743		0.9719		0.9693		0.9664		0.9634		0.9600		0.9563		0.9523
	39		0.9887		0.9876		0.9866		0.9853		0.9841		0.9826		0.9810		0.9793		0.9772		0.9752		0.9729		0.9703		0.9676		0.9645		0.9613		0.9576		0.9537
	40		0.9890		0.9881		0.9871		0.9859		0.9847		0.9833		0.9816		0.9800		0.9781		0.9761		0.9738		0.9714		0.9686		0.9658		0.9625		0.9590		0.9552
	41		0.9895		0.9886		0.9875		0.9864		0.9853		0.9839		0.9824		0.9808		0.9789		0.9770		0.9748		0.9724		0.9697		0.9669		0.9638		0.9604		0.9566
	42		0.9899		0.9890		0.9880		0.9870		0.9859		0.9845		0.9830		0.9815		0.9797		0.9779		0.9758		0.9734		0.9709		0.9681		0.9651		0.9617		0.9581
	43		0.9903		0.9895		0.9886		0.9875		0.9865		0.9852		0.9837		0.9822		0.9805		0.9788		0.9767		0.9744		0.9720		0.9693		0.9663		0.9631		0.9596
	44		0.9907		0.9899		0.9890		0.9880		0.9870		0.9858		0.9844		0.9830		0.9813		0.9796		0.9776		0.9754		0.9731		0.9705		0.9676		0.9645		0.9610
	45		0.9911		0.9903		0.9894		0.9885		0.9876		0.9863		0.9851		0.9837		0.9820		0.9804		0.9785		0.9764		0.9741		0.9716		0.9689		0.9658		0.9625
	46		0.9914		0.9907		0.9899		0.9890		0.9881		0.9869		0.9856		0.9844		0.9828		0.9812		0.9794		0.9774		0.9752		0.9728		0.9701		0.9672		0.9639
	47		0.9918		0.9911		0.9903		0.9895		0.9886		0.9875		0.9863		0.9851		0.9836		0.9820		0.9803		0.9784		0.9762		0.9739		0.9714		0.9685		0.9654
	48		0.9922		0.9915		0.9908		0.9899		0.9891		0.9881		0.9869		0.9858		0.9843		0.9829		0.9812		0.9793		0.9773		0.9751		0.9725		0.9698		0.9668
	49		0.9925		0.9919		0.9912		0.9904		0.9896		0.9886		0.9875		0.9864		0.9850		0.9837		0.9821		0.9802		0.9783		0.9761		0.9738		0.9712		0.9682
	50		0.9928		0.9922		0.9916		0.9908		0.9900		0.9891		0.9881		0.9870		0.9857		0.9844		0.9829		0.9812		0.9792		0.9772		0.9750		0.9724		0.9696
	51		0.9932		0.9926		0.9920		0.9912		0.9906		0.9897		0.9887		0.9877		0.9864		0.9851		0.9837		0.9821		0.9803		0.9783		0.9761		0.9737		0.9710
	52		0.9935		0.9930		0.9924		0.9917		0.9910		0.9902		0.9892		0.9883		0.9870		0.9859		0.9845		0.9829		0.9812		0.9793		0.9773		0.9749		0.9723
	53		0.9938		0.9933		0.9927		0.9921		0.9914		0.9907		0.9898		0.9889		0.9877		0.9865		0.9852		0.9838		0.9821		0.9803		0.9784		0.9761		0.9737
	54		0.9941		0.9936		0.9931		0.9925		0.9919		0.9911		0.9903		0.9894		0.9883		0.9873		0.9860		0.9846		0.9830		0.9813		0.9794		0.9773		0.9749
	55		0.9944		0.9939		0.9935		0.9929		0.9923		0.9916		0.9907		0.9900		0.9890		0.9880		0.9867		0.9854		0.9839		0.9823		0.9805		0.9784		0.9762

42

APPENDICES

TABLE J

Conversion from Single Life to

100% Joint and Survivor Without Pop-Up

CECONY Weekly Participants –1

		Age of Pensioner
		25		26		27		28		29		30		31		32		33		34		35		36		37		38		39		40		41
	56		0.9947		0.9943		0.9938		0.9932		0.9927		0.9920		0.9912		0.9905		0.9895		0.9886		0.9875		0.9861		0.9847		0.9833		0.9815		0.9796		0.9774
	57		0.9950		0.9946		0.9941		0.9936		0.9931		0.9925		0.9918		0.9910		0.9901		0.9892		0.9881		0.9869		0.9856		0.9842		0.9825		0.9807		0.9787
	58		0.9953		0.9949		0.9944		0.9940		0.9935		0.9929		0.9922		0.9915		0.9907		0.9898		0.9888		0.9876		0.9864		0.9851		0.9835		0.9817		0.9798
	59		0.9955		0.9952		0.9947		0.9943		0.9939		0.9933		0.9927		0.9920		0.9912		0.9904		0.9894		0.9884		0.9872		0.9859		0.9845		0.9828		0.9810
	60		0.9958		0.9954		0.9950		0.9946		0.9943		0.9937		0.9931		0.9925		0.9917		0.9909		0.9901		0.9891		0.9880		0.9867		0.9854		0.9838		0.9821
	61		0.9960		0.9957		0.9953		0.9949		0.9946		0.9941		0.9935		0.9929		0.9922		0.9915		0.9907		0.9897		0.9886		0.9875		0.9863		0.9848		0.9832
	62		0.9962		0.9959		0.9956		0.9952		0.9949		0.9945		0.9939		0.9934		0.9927		0.9921		0.9913		0.9903		0.9894		0.9883		0.9871		0.9857		0.9842
	63		0.9964		0.9962		0.9959		0.9955		0.9952		0.9948		0.9943		0.9938		0.9931		0.9926		0.9918		0.9909		0.9901		0.9891		0.9879		0.9867		0.9852
	64		0.9967		0.9964		0.9961		0.9958		0.9955		0.9951		0.9947		0.9942		0.9936		0.9930		0.9923		0.9916		0.9907		0.9898		0.9887		0.9875		0.9861
	65		0.9969		0.9967		0.9964		0.9961		0.9958		0.9954		0.9950		0.9946		0.9940		0.9935		0.9929		0.9922		0.9914		0.9905		0.9895		0.9883		0.9870
	66		0.9971		0.9969		0.9967		0.9963		0.9961		0.9958		0.9953		0.9950		0.9944		0.9939		0.9934		0.9927		0.9920		0.9912		0.9902		0.9892		0.9880
	67		0.9973		0.9971		0.9969		0.9966		0.9964		0.9960		0.9956		0.9953		0.9948		0.9944		0.9938		0.9932		0.9925		0.9918		0.9909		0.9899		0.9888
	68		0.9975		0.9973		0.9971		0.9968		0.9966		0.9963		0.9959		0.9956		0.9952		0.9948		0.9943		0.9937		0.9930		0.9924		0.9916		0.9906		0.9896
	69		0.9976		0.9975		0.9972		0.9970		0.9969		0.9966		0.9962		0.9960		0.9955		0.9952		0.9947		0.9941		0.9936		0.9929		0.9922		0.9913		0.9903
	70		0.9978		0.9976		0.9975		0.9972		0.9971		0.9969		0.9965		0.9963		0.9958		0.9955		0.9951		0.9946		0.9940		0.9935		0.9927		0.9920		0.9910
	71		0.9979		0.9978		0.9976		0.9975		0.9973		0.9971		0.9968		0.9965		0.9962		0.9959		0.9955		0.9950		0.9945		0.9940		0.9934		0.9926		0.9917
	72		0.9981		0.9980		0.9978		0.9977		0.9975		0.9973		0.9971		0.9968		0.9965		0.9962		0.9958		0.9954		0.9949		0.9945		0.9939		0.9932		0.9924
	73		0.9982		0.9981		0.9980		0.9978		0.9978		0.9975		0.9973		0.9971		0.9967		0.9965		0.9962		0.9958		0.9954		0.9949		0.9944		0.9937		0.9931
	74		0.9984		0.9983		0.9981		0.9980		0.9979		0.9977		0.9975		0.9974		0.9970		0.9968		0.9965		0.9961		0.9958		0.9953		0.9948		0.9942		0.9936
	75		0.9985		0.9984		0.9983		0.9981		0.9981		0.9979		0.9977		0.9976		0.9973		0.9971		0.9968		0.9965		0.9961		0.9958		0.9953		0.9947		0.9941
	76		0.9986		0.9985		0.9984		0.9983		0.9983		0.9981		0.9979		0.9977		0.9975		0.9973		0.9971		0.9968		0.9965		0.9961		0.9957		0.9952		0.9946
	77		0.9987		0.9987		0.9986		0.9984		0.9984		0.9983		0.9980		0.9980		0.9977		0.9976		0.9973		0.9970		0.9968		0.9965		0.9960		0.9956		0.9951
	78		0.9988		0.9987		0.9987		0.9986		0.9985		0.9984		0.9983		0.9981		0.9979		0.9978		0.9976		0.9973		0.9971		0.9968		0.9964		0.9960		0.9955
	79		0.9990		0.9989		0.9988		0.9987		0.9987		0.9986		0.9984		0.9983		0.9981		0.9980		0.9978		0.9975		0.9973		0.9971		0.9967		0.9963		0.9959
	80		0.9990		0.9990		0.9989		0.9988		0.9988		0.9987		0.9985		0.9985		0.9983		0.9982		0.9980		0.9978		0.9975		0.9974		0.9971		0.9967		0.9963
	81		0.9991		0.9990		0.9990		0.9989		0.9989		0.9988		0.9986		0.9986		0.9984		0.9983		0.9982		0.9980		0.9978		0.9976		0.9974		0.9970		0.9966
	82		0.9992		0.9991		0.9991		0.9990		0.9990		0.9989		0.9988		0.9987		0.9986		0.9985		0.9983		0.9982		0.9980		0.9978		0.9976		0.9973		0.9969
	83		0.9993		0.9992		0.9992		0.9991		0.9991		0.9990		0.9989		0.9989		0.9987		0.9986		0.9985		0.9983		0.9982		0.9980		0.9978		0.9976		0.9973
	84		0.9993		0.9993		0.9993		0.9992		0.9992		0.9991		0.9990		0.9989		0.9988		0.9988		0.9986		0.9985		0.9984		0.9982		0.9981		0.9978		0.9975
	85		0.9994		0.9993		0.9993		0.9993		0.9993		0.9992		0.9991		0.9991		0.9989		0.9989		0.9988		0.9986		0.9985		0.9984		0.9982		0.9980		0.9978

43

APPENDICES

TABLE J

Conversion from Single Life to

100% Joint and Survivor Without Pop-Up

CECONY Weekly Participants –1

		Age of Pensioner
		42		43		44		45		46		47		48		49		50		51		52		53		54		55		56		57		58
	25		0.9314		0.9261		0.9205		0.9145		0.9083		0.9017		0.8947		0.8874		0.8797		0.8717		0.8632		0.8543		0.8449		0.8351		0.8247		0.8138		0.8024
	26		0.9324		0.9271		0.9216		0.9156		0.9094		0.9029		0.8959		0.8886		0.8810		0.8729		0.8645		0.8557		0.8462		0.8364		0.8260		0.8151		0.8037
	27		0.9335		0.9283		0.9227		0.9168		0.9106		0.9041		0.8972		0.8899		0.8823		0.8743		0.8659		0.8570		0.8476		0.8378		0.8274		0.8165		0.8051
	28		0.9347		0.9295		0.9240		0.9181		0.9119		0.9054		0.8985		0.8912		0.8836		0.8756		0.8673		0.8584		0.8490		0.8392		0.8288		0.8180		0.8065
	29		0.9359		0.9307		0.9252		0.9194		0.9133		0.9068		0.8999		0.8927		0.8851		0.8771		0.8688		0.8599		0.8506		0.8408		0.8304		0.8195		0.8081
	30		0.9370		0.9320		0.9265		0.9207		0.9146		0.9082		0.9014		0.8942		0.8866		0.8786		0.8703		0.8615		0.8521		0.8424		0.8320		0.8212		0.8097
	31		0.9383		0.9333		0.9279		0.9221		0.9160		0.9097		0.9028		0.8957		0.8882		0.8803		0.8719		0.8632		0.8539		0.8441		0.8337		0.8230		0.8115
	32		0.9396		0.9346		0.9293		0.9236		0.9175		0.9112		0.9044		0.8974		0.8898		0.8820		0.8737		0.8649		0.8556		0.8459		0.8356		0.8247		0.9133
	33		0.9409		0.9360		0.9307		0.9250		0.9191		0.9128		0.9061		0.8990		0.8916		0.8837		0.8755		0.8668		0.8574		0.8478		0.8374		0.8267		0.8153
	34		0.9423		0.9374		0.9322		0.9266		0.9207		0.9144		0.9078		0.9008		0.8934		0.8856		0.8774		0.8686		0.8594		0.8498		0.8395		0.8287		0.8173
	35		0.9438		0.9389		0.9337		0.9282		0.9224		0.9161		0.9095		0.9026		0.8953		0.8875		0.8793		0.8707		0.8615		0.8518		0.8416		0.8309		.08195
	36		0.9452		0.9404		0.9353		0.9298		0.9241		0.9179		0.9114		0.9045		0.8972		0.8895		0.8813		0.8728		0.8636		0.8540		0.8438		0.8331		0.8217
	37		0.9466		0.9419		0.9369		0.9315		0.9258		0.9197		0.9132		0.9064		0.8992		0.8916		0.8835		0.8750		0.8658		0.8563		0.8461		0.8354		0.8241
	38		0.9481		0.9435		0.9385		0.9332		0.9276		0.9216		0.9152		0.9084		0.9013		0.8937		0.8857		0.8772		0.8681		0.8586		0.8485		0.8379		0.8266
	39		0.9496		0.9451		0.9402		0.9350		0.9294		0.9235		0.9172		0.9106		0.9035		0.8959		0.8880		0.8796		0.8706		0.8611		0.8511		0.8404		0.8292
	39		0.9496		0.9451		0.9402		0.9350		0.9294		0.9235		0.9172		0.9106		0.9035		0.8959		0.8880		0.8796		0.8706		0.8611		0.8511		0.8404		0.8292
	40		0.9511		0.9467		0.9419		0.9367		0.9313		0.9255		0.9193		0.9127		0.9057		0.8982		0.8904		0.8820		0.8731		0.8637		0.8537		0.8431		0.8319
	41		0.9527		0.9483		0.9437		0.9386		0.9333		0.9275		0.9214		0.9148		0.9079		0.9006		0.8929		0.8846		0.8757		0.8664		0.8564		0.8460		0.8348
	42		0.9542		0.9500		0.9454		0.9404		0.9352		0.9296		0.9235		0.9171		0.9103		0.9030		0.8954		0.8872		0.8784		0.8692		0.8593		0.8489		0.8378
	43		0.9558		0.9516		0.9472		0.9423		0.9372		0.9316		0.9257		0.9195		0.9127		0.9055		0.8980		0.8899		0.8812		0.8721		0.8622		0.8520		0.8409
	44		0.9574		0.9533		0.9490		0.9442		0.9392		0.9338		0.9280		0.9218		0.9152		0.9081		0.9007		0.8927		0.8841		0.8751		0.8653		0.8551		0.8442
	45		0.9589		0.9550		0.9508		0.9461		0.9412		0.9359		0.9302		0.9241		0.9177		0.9108		0.9034		0.8956		0.8871		0.8781		0.8685		0.8583		0.8475
	46		0.9605		0.9566		0.9526		0.9480		0.9433		0.9381		0.9325		0.9266		0.9202		0.9135		0.9062		0.8985		0.8901		0.8813		0.8718		0.8617		0.8509
	47		0.9621		0.9583		0.9543		0.9499		0.9453		0.9402		0.9348		0.9290		0.9228		0.9162		0.9090		0.9014		0.8932		0.8845		0.8751		0.8652		0.8546
	48		0.9636		0.9600		0.9561		0.9518		0.9473		0.9424		0.9372		0.9315		0.9254		0.9189		0.9120		0.9045		0.8964		0.8878		0.8786		0.8688		0.8582
	49		0.9651		0.9617		0.9579		0.9537		0.9494		0.9446		0.9395		0.9340		0.9280		0.9217		0.9149		0.9076		0.8996		0.8912		0.8821		0.8724		0.8620
	50		0.9666		0.9633		0.9597		0.9556		0.9514		0.9468		0.9418		0.9364		0.9307		0.9245		0.9178		0.9107		0.9029		0.8947		0.8857		0.8762		0.8660
	51		0.9681		0.9649		0.9614		0.9576		0.9535		0.9490		0.9441		0.9389		0.9333		0.9273		0.9209		0.9138		0.9063		0.8982		0.8893		0.8800		0.8699
	52		0.9696		0.9665		0.9631		0.9594		0.9555		0.9511		0.9465		0.9414		0.9360		0.9302		0.9238		0.9170		0.9097		0.9017		0.8931		0.8839		0.8740
	53		0.9710		0.9680		0.9648		0.9613		0.9575		0.9533		0.9487		0.9439		0.9386		0.9330		0.9269		0.9202		0.9130		0.9053		0.8969		0.8879		0.8782
	54		0.9724		0.9696		0.9665		0.9631		0.9594		0.9554		0.9511		0.9464		0.9413		0.9358		0.9300		0.9235		0.9164		0.9090		0.9008		0.8920		0.8824
	55		0.9738		0.9711		0.9681		0.9648		0.9614		0.9575		0.9533		0.9489		0.9440		0.9387		0.9329		0.9267		0.9199		0.9126		0.9046		0.8960		0.8867

44

APPENDICES

TABLE J

Conversion from Single Life to

100% Joint and Survivor Without Pop-Up

CECONY Weekly Participants –1

		Age of Pensioner
		42		43		44		45		46		47		48		49		50		51		52		53		54		55		56		57		58
	56		0.9752		0.9725		0.9697		0.9666		0.9632		0.9596		0.9556		0.9513		0.9465		0.9414		0.9360		0.9300		0.9234		0.9163		0.9086		0.9001		0.8911
	57		0.9765		0.9740		0.9713		0.9683		0.9651		0.9616		0.9578		0.9537		0.9492		0.9442		0.9390		0.9332		0.9268		0.9200		0.9124		0.9044		0.8955
	58		0.9777		0.9754		0.9729		0.9700		0.9670		0.9637		0.9599		0.9560		0.9517		0.9470		0.9419		0.9364		0.9302		0.9237		0.9164		0.9086		0.9000
	59		0.9790		0.9768		0.9743		0.9717		0.9688		0.9656		0.9621		0.9583		0.9543		0.9498		0.9449		0.9396		0.9337		0.9273		0.9203		0.9128		0.9044
	60		0.9802		0.9781		0.9759		0.9733		0.9705		0.9675		0.9642		0.9606		0.9567		0.9525		0.9478		0.9427		0.9371		0.9310		0.9242		0.9170		0.9089
	61		0.9814		0.9794		0.9772		0.9748		0.9722		0.9694		0.9662		0.9628		0.9591		0.9551		0.9507		0.9458		0.9404		0.9346		0.9281		0.9211		0.9134
	62		0.9825		0.9807		0.9786		0.9763		0.9739		0.9712		0.9682		0.9650		0.9615		0.9576		0.9535		0.9489		0.9437		0.9382		0.9320		0.9252		0.9178
	63		0.9837		0.9819		0.9799		0.9778		0.9755		0.9729		0.9702		0.9671		0.9638		0.9601		0.9562		0.9518		0.9470		0.9417		0.9358		0.9294		0.9222
	64		0.9847		0.9830		0.9812		0.9792		0.9771		0.9746		0.9720		0.9691		0.9660		0.9626		0.9589		0.9547		0.9501		0.9451		0.9395		0.9334		0.9265
	65		0.9857		0.9842		0.9825		0.9806		0.9786		0.9763		0.9738		0.9711		0.9681		0.9649		0.9615		0.9576		0.9532		0.9484		0.9431		0.9373		0.9308
	66		0.9867		0.9853		0.9836		0.9818		0.9800		0.9778		0.9755		0.9730		0.9703		0.9672		0.9639		0.9603		0.9562		0.9517		0.9467		0.9411		0.9350
	67		0.9876		0.9863		0.9848		0.9830		0.9814		0.9793		0.9772		0.9749		0.9723		0.9694		0.9663		0.9629		0.9590		0.9548		0.9501		0.9448		0.9390
	68		0.9885		0.9872		0.9859		0.9843		0.9826		0.9808		0.9788		0.9766		0.9742		0.9715		0.9687		0.9654		0.9618		0.9578		0.9534		0.9485		0.9430
	69		0.9894		0.9881		0.9869		0.9854		0.9839		0.9822		0.9803		0.9783		0.9760		0.9735		0.9708		0.9678		0.9645		0.9608		0.9566		0.9520		0.9468
	70		0.9901		0.9891		0.9878		0.9865		0.9850		0.9835		0.9817		0.9798		0.9778		0.9755		0.9729		0.9702		0.9670		0.9636		0.9596		0.9554		0.9505
	71		0.9909		0.9899		0.9888		0.9875		0.9862		0.9847		0.9831		0.9813		0.9794		0.9773		0.9750		0.9724		0.9695		0.9663		0.9626		0.9586		0.9541
	72		0.9916		0.9907		0.9896		0.9884		0.9873		0.9859		0.9843		0.9828		0.9810		0.9790		0.9769		0.9745		0.9718		0.9689		0.9654		0.9617		0.9574
	73		0.9923		0.9914		0.9905		0.9894		0.9883		0.9870		0.9856		0.9841		0.9824		0.9806		0.9787		0.9765		0.9739		0.9713		0.9680		0.9647		0.9607
	74		0.9929		0.9921		0.9913		0.9902		0.9892		0.9880		0.9867		0.9853		0.9838		0.9822		0.9804		0.9783		0.9760		0.9735		0.9706		0.9675		0.9637
	75		0.9936		0.9928		0.9920		0.9911		0.9901		0.9890		0.9879		0.9865		0.9852		0.9837		0.9820		0.9802		0.9780		0.9757		0.9730		0.9700		0.9666
	76		0.9941		0.9934		0.9927		0.9918		0.9909		0.9900		0.9888		0.9877		0.9864		0.9850		0.9835		0.9818		0.9798		0.9777		0.9752		0.9725		0.9694
	77		0.9946		0.9940		0.9933		0.9925		0.9917		0.9908		0.9898		0.9887		0.9876		0.9863		0.9849		0.9833		0.9815		0.9796		0.9773		0.9748		0.9720
	78		0.9951		0.9945		0.9939		0.9931		0.9924		0.9916		0.9907		0.9897		0.9886		0.9874		0.9862		0.9848		0.9831		0.9814		0.9793		0.9770		0.9744
	79		0.9955		0.9950		0.9944		0.9938		0.9931		0.9924		0.9915		0.9906		0.9896		0.9885		0.9874		0.9861		0.9846		0.9830		0.9811		0.9791		0.9767
	80		0.9959		0.9955		0.9949		0.9943		0.9937		0.9930		0.9922		0.9914		0.9905		0.9896		0.9885		0.9874		0.9859		0.9846		0.9828		0.9809		0.9787
	81		0.9963		0.9959		0.9954		0.9948		0.9943		0.9937		0.9930		0.9922		0.9913		0.9905		0.9896		0.9885		0.9872		0.9859		0.9844		0.9827		0.9806
	82		0.9967		0.9963		0.9959		0.9953		0.9948		0.9942		0.9936		0.9929		0.9922		0.9913		0.9905		0.9896		0.9884		0.9872		0.9858		0.9842		0.9824
	83		0.9970		0.9966		0.9963		0.9957		0.9953		0.9948		0.9942		0.9936		0.9929		0.9922		0.9914		0.9906		0.9894		0.9884		0.9871		0.9857		0.9841
	84		0.9973		0.9970		0.9966		0.9961		0.9958		0.9953		0.9947		0.9942		0.9936		0.9929		0.9922		0.9914		0.9905		0.9895		0.9883		0.9871		0.9855
	85		0.9976		0.9972		0.9970		0.9965		0.9962		0.9958		0.9952		0.9947		0.9942		0.9936		0.9929		0.9923		0.9914		0.9905		0.9894		0.9883		0.9870

45

APPENDICES

TABLE J

Conversion from Single Life to

100% Joint and Survivor Without Pop-Up

CECONY Weekly Participants –1

		Age of Pensioner
		59		60		61		62		63		64		65		66		67		68		69		70		71		72		73		74		75
	25		0.7903		0.7777		0.7644		0.7507		0.7363		0.7214		0.7061		0.6902		0.6740		0.6573		0.6402		0.6229		0.6052		0.5873		0.5691		0.5507		0.5323
	26		0.7916		0.7789		0.7657		0.7520		0.7376		0.7227		0.7074		0.6915		0.6752		0.6584		0.6414		0.6240		0.6064		0.5884		0.5702		0.5518		0.5333
	27		0.7930		0.7803		0.7671		0.7534		0.7390		0.7241		0.7087		0.6928		0.6765		0.6598		0.6427		0.6253		0.6076		0.5896		0.5714		0.5529		0.5344
	28		0.7944		0.7818		0.7686		0.7548		0.7404		0.7255		0.7102		0.6942		0.6779		0.6611		0.6440		0.6266		0.6089		0.5909		0.5726		0.5541		0.5356
	29		0.7960		0.7834		0.7701		0.7564		0.7420		0.7270		0.7116		0.6957		0.6794		0.6626		0.6454		0.6280		0.6103		0.5922		0.5739		0.5554		0.5368
	30		0.7976		0.7851		0.7718		0.7580		0.7437		0.7287		0.7132		0.6973		0.6809		0.6641		0.6470		0.6295		0.6117		0.5936		0.5753		0.5567		0.5381
	31		0.7994		0.7868		0.7736		0.7598		0.7454		0.7304		0.7150		0.6990		0.6826		0.6658		0.6486		0.6311		0.6133		0.5952		0.5768		0.5582		0.5396
	32		0.8013		0.7887		0.7754		0.7616		0.7472		0.7322		0.7168		0.7008		0.6844		0.6675		0.6504		0.6328		0.6150		0.5968		0.5784		0.5598		0.5411
	33		0.8032		0.7906		0.7774		0.7636		0.7492		0.7342		0.7187		0.7027		0.6863		0.6694		0.6522		0.6346		0.6168		0.5986		0.5801		0.5614		0.5427
	34		0.8053		0.7926		0.7795		0.7657		0.7512		0.7362		0.7208		0.7047		0.6883		0.6714		0.6542		0.6365		0.6186		0.6004		0.5819		0.5632		0.5444
	35		0.8074		0.7949		0.7816		0.7679		0.7534		0.7384		0.7229		0.7069		0.6904		0.6735		0.6562		0.6386		0.6207		0.6024		0.5839		0.5651		0.5463
	36		0.8097		0.7972		0.7840		0.7701		0.7557		0.7407		0.7253		0.7092		0.6927		0.6757		0.6584		0.6408		0.6228		0.6045		0.5859		0.5670		0.5482
	37		0.8121		0.7996		0.7863		0.7726		0.7582		0.7431		0.7277		0.7116		0.6951		0.6781		0.6608		0.6431		0.6250		0.6067		0.5881		0.5692		0.5503
	38		0.8146		0.8021		0.7889		0.7752		0.7607		0.7458		0.7303		0.7142		0.6977		0.6806		0.6633		0.6455		0.6275		0.6091		0.5904		0.5715		0.5525
	39		0.8173		0.8048		0.7917		0.7779		0.7635		0.7485		0.7330		0.7169		0.7003		0.6833		0.6659		0.6481		0.6301		0.6116		0.5929		0.5739		0.5549
	40		0.8201		0.8076		0.7945		0.7808		0.7664		0.7514		0.7358		0.7198		0.7032		0.6861		0.6687		0.6509		0.6328		0.6143		0.5955		0.5765		0.5574
	41		0.8230		0.8106		0.7975		0.7838		0.7694		0.7544		0.7389		0.7228		0.7062		0.6891		0.6717		0.6538		0.6357		0.6172		0.5983		0.5792		0.5601
	42		0.8260		0.8137		0.8006		0.7869		0.7726		0.7576		0.7421		0.7259		0.7094		0.6923		0.6748		0.6570		0.6388		0.6202		0.6013		0.5821		0.5629
	43		0.8292		0.8169		0.8039		0.7902		0.7759		0.7609		0.7455		0.7294		0.7128		0.6956		0.6781		0.6603		0.6420		0.6234		0.6044		0.5852		0.5660
	44		0.8325		0.8203		0.8073		0.7937		0.7794		0.7645		0.7490		0.7329		0.7163		0.6992		0.6816		0.6637		0.6454		0.6267		0.6078		0.5885		0.5692
	45		0.8359		0.8237		0.8108		0.7973		0.7830		0.7681		0.7527		0.7366		0.7200		0.7029		0.6853		0.6674		0.6491		0.6303		0.6113		0.5919		0.5726
	46		0.8395		0.8274		0.8145		0.8011		0.7869		0.7720		0.7566		0.7405		0.7239		0.7068		0.6892		0.6713		0.6529		0.6341		0.6151		0.5956		0.5762
	47		0.8432		0.8312		0.8184		0.8050		0.7908		0.7760		0.7606		0.7446		0.7280		0.7109		0.6933		0.6754		0.6569		0.6381		0.6190		0.5995		0.5799
	48		0.8469		0.8351		0.8224		0.8091		0.7950		0.7803		0.7649		0.7489		0.7324		0.7152		0.6976		0.6796		0.6612		0.6423		0.6232		0.6036		0.5840
	49		0.8509		0.8391		0.8265		0.8133		0.7993		0.7846		0.7693		0.7534		0.7369		0.7197		0.7022		0.6841		0.6657		0.6468		0.6275		0.6079		0.5882
	50		0.8549		0.8433		0.8308		0.8177		0.8038		0.7892		0.7739		0.7580		0.7416		0.7244		0.7069		0.6889		0.6704		0.6515		0.6321		0.6125		0.5927
	51		0.8591		0.8475		0.8352		0.8222		0.8084		0.7939		0.7787		0.7629		0.7465		0.7294		0.7118		0.6938		0.6754		0.6564		0.6370		0.6173		0.5975
	52		0.8633		0.8519		0.8398		0.8269		0.8132		0.7988		0.7838		0.7680		0.7516		0.7346		0.7171		0.6990		0.6805		0.6616		0.6422		0.6224		0.6025
	53		0.8677		0.8565		0.8444		0.8317		0.8182		0.8039		0.7890		0.7733		0.7570		0.7400		0.7225		0.7045		0.6860		0.6670		0.6476		0.6278		0.6078
	54		0.8721		0.8611		0.8492		0.8367		0.8233		0.8092		0.7944		0.7788		0.7626		0.7457		0.7282		0.7103		0.6918		0.6728		0.6533		0.6334		0.6134
	55		0.8766		0.8658		0.8542		0.8418		0.8286		0.8146		0.7999		0.7845		0.7684		0.7515		0.7342		0.7163		0.6978		0.6789		0.6594		0.6395		0.6194

46

APPENDICES

TABLE J

Conversion from Single Life to

100% Joint and Survivor Without Pop-Up

CECONY Weekly Participants –1

		Age of Pensioner
		59		60		61		62		63		64		65		66		67		68		69		70		71		72		73		74		75
	56		0.8812		0.8706		0.8592		0.8470		0.8340		0.8202		0.8057		0.7904		0.7744		0.7577		0.7404		0.7226		0.7042		0.6852		0.6657		0.6457		0.6256
	57		0.8859		0.8755		0.8643		0.8524		0.8396		0.8260		0.8117		0.7965		0.7807		0.7641		0.7469		0.7292		0.7108		0.6919		0.6724		0.6524		0.6322
	58		0.8905		0.8804		0.8696		0.8578		0.8453		0.8319		0.8178		0.8028		0.7872		0.7708		0.7537		0.7360		0.7177		0.6988		0.6794		0.6594		0.6392
	59		0.8953		0.8855		0.8748		0.8634		0.8510		0.8380		0.8241		0.8093		0.7938		0.7776		0.7607		0.7432		0.7250		0.7061		0.6867		0.6668		0.6466
	60		0.9001		0.8905		0.8802		0.8690		0.8570		0.8441		0.8305		0.8160		0.8008		0.7847		0.7680		0.7505		0.7325		0.7138		0.6944		0.6745		0.6543
	61		0.9048		0.8956		0.8855		0.8747		0.8629		0.8504		0.8371		0.8228		0.8078		0.7919		0.7754		0.7582		0.7403		0.7216		0.7024		0.6825		0.6624
	62		0.9096		0.9007		0.8909		0.8804		0.8690		0.8567		0.8437		0.8297		0.8150		0.7994		0.7831		0.7661		0.7484		0.7299		0.7107		0.6910		0.6708
	63		0.9143		0.9057		0.8963		0.8861		0.8750		0.8632		0.8504		0.8367		0.8224		0.8071		0.7910		0.7742		0.7567		0.7383		0.7194		0.6997		0.6796
	64		0.9190		0.9108		0.9017		0.8918		0.8812		0.8696		0.8572		0.8439		0.8298		0.8148		0.7991		0.7825		0.7652		0.7471		0.7283		0.7087		0.6888
	65		0.9236		0.9157		0.9070		0.8975		0.8872		0.8760		0.8640		0.8511		0.8374		0.8227		0.8073		0.7911		0.7740		0.7561		0.7375		0.7181		0.6983
	66		0.9281		0.9206		0.9122		0.9032		0.8932		0.8824		0.8708		0.8583		0.8449		0.8307		0.8155		0.7997		0.7829		0.7653		0.7470		0.7277		0.7081
	67		0.9325		0.9254		0.9174		0.9087		0.8992		0.8888		0.8776		0.8655		0.8525		0.8386		0.8239		0.8084		0.7920		0.7747		0.7566		0.7376		0.7182
	68		0.9368		0.9300		0.9224		0.9142		0.9051		0.8951		0.8843		0.8727		0.8601		0.8466		0.8324		0.8172		0.8012		0.7842		0.7664		0.7478		0.7285
	69		0.9409		0.9346		0.9274		0.9195		0.9108		0.9013		0.8910		0.8797		0.8677		0.8546		0.8408		0.8260		0.8104		0.7938		0.7764		0.7580		0.7390
	70		0.9450		0.9389		0.9322		0.9247		0.9164		0.9073		0.8976		0.8867		0.8751		0.8625		0.8491		0.8349		0.8197		0.8036		0.7865		0.7684		0.7498
	71		0.9489		0.9432		0.9368		0.9298		0.9220		0.9133		0.9039		0.8936		0.8825		0.8704		0.8575		0.8437		0.8290		0.8132		0.7966		0.7790		0.7607
	72		0.9526		0.9473		0.9413		0.9347		0.9272		0.9191		0.9102		0.9004		0.8897		0.8782		0.8658		0.8525		0.8382		0.8231		0.8069		0.7896		0.7717
	73		0.9562		0.9512		0.9456		0.9394		0.9324		0.9247		0.9162		0.9069		0.8969		0.8858		0.8739		0.8612		0.8474		0.8328		0.8170		0.8003		0.7829
	74		0.9595		0.9549		0.9497		0.9439		0.9374		0.9301		0.9222		0.9133		0.9037		0.8932		0.8819		0.8697		0.8565		0.8423		0.8271		0.8110		0.7940
	75		0.9628		0.9585		0.9536		0.9482		0.9421		0.9352		0.9278		0.9195		0.9104		0.9004		0.8897		0.8780		0.8654		0.8519		0.8373		0.8216		0.8051
	76		0.9658		0.9618		0.9573		0.9523		0.9466		0.9402		0.9332		0.9254		0.9169		0.9074		0.8973		0.8862		0.8742		0.8611		0.8471		0.8320		0.8161
	77		0.9687		0.9650		0.9608		0.9561		0.9508		0.9450		0.9384		0.9311		0.9230		0.9142		0.9045		0.8940		0.8826		0.8702		0.8568		0.8423		0.8269
	78		0.9713		0.9680		0.9641		0.9598		0.9548		0.9494		0.9433		0.9364		0.9290		0.9206		0.9115		0.9016		0.8908		0.8790		0.8662		0.8523		0.8376
	79		0.9738		0.9708		0.9672		0.9632		0.9586		0.9536		0.9479		0.9415		0.9345		0.9267		0.9182		0.9088		0.8986		0.8875		0.8753		0.8620		0.8480
	80		0.9761		0.9733		0.9700		0.9664		0.9622		0.9575		0.9522		0.9463		0.9398		0.9325		0.9246		0.9158		0.9062		0.8956		0.8841		0.8715		0.8580
	81		0.9783		0.9757		0.9728		0.9694		0.9655		0.9612		0.9563		0.9509		0.9448		0.9380		0.9306		0.9223		0.9133		0.9034		0.8925		0.8806		0.8678
	82		0.9803		0.9779		0.9752		0.9722		0.9686		0.9646		0.9602		0.9551		0.9494		0.9432		0.9362		0.9286		0.9201		0.9108		0.9006		0.8893		0.8771
	83		0.9821		0.9800		0.9775		0.9747		0.9715		0.9678		0.9637		0.9590		0.9538		0.9480		0.9416		0.9345		0.9266		0.9179		0.9083		0.8976		0.8863
	84		0.9839		0.9819		0.9796		0.9770		0.9741		0.9708		0.9670		0.9627		0.9579		0.9526		0.9466		0.9401		0.9327		0.9246		0.9157		0.9056		0.8949
	85		0.9854		0.9836		0.9815		0.9792		0.9766		0.9735		0.9701		0.9662		0.9618		0.9568		0.9514		0.9453		0.9385		0.9309		0.9226		0.9133		0.9032

47

APPENDICES

TABLE K

Conversion from Single Life to

100% Joint and Survivor With Pop-Up

CECONY Weekly Participants –1

		Age of Pensioner
		25		26		27		28		29		30		31		32		33		34		35		36		37		38		39		40		41
	25		0.9818		0.9803		0.9787		0.9768		0.9750		0.9728		0.9705		0.9681		0.9654		0.9626		0.9595		0.9562		0.9526		0.9488		0.9447		0.9403		0.9356
	26		0.9823		0.9808		0.9792		0.9774		0.9756		0.9735		0.9711		0.9688		0.9661		0.9633		0.9603		0.9570		0.9535		0.9497		0.9456		0.9413		0.9366
	27		0.9828		0.9813		0.9797		0.9780		0.9761		0.9741		0.9718		0.9695		0.9668		0.9641		0.9611		0.9578		0.9543		0.9506		0.9466		0.9423		0.9376
	28		0.9832		0.9818		0.9802		0.9785		0.9767		0.9747		0.9725		0.9702		0.9676		0.9649		0.9619		0.9586		0.9552		0.9515		0.9475		0.9432		0.9386
	29		0.9837		0.9823		0.9807		0.9790		0.9773		0.9753		0.9732		0.9709		0.9683		0.9657		0.9628		0.9596		0.9562		0.9525		0.9486		0.9443		0.9397
	30		0.9841		0.9828		0.9812		0.9796		0.9779		0.9760		0.9738		0.9716		0.9691		0.9665		0.9636		0.9605		0.9571		0.9535		0.9496		0.9454		0.9408
	31		0.9846		0.9832		0.9818		0.9802		0.9786		0.9766		0.9746		0.9723		0.9699		0.9673		0.9645		0.9613		0.9581		0.9545		0.9506		0.9464		0.9420
	32		0.9851		0.9837		0.9823		0.9808		0.9791		0.9773		0.9752		0.9731		0.9707		0.9681		0.9653		0.9623		0.9591		0.9555		0.9517		0.9476		0.9431
	33		0.9855		0.9842		0.9828		0.9813		0.9797		0.9779		0.9759		0.9738		0.9715		0.9690		0.9662		0.9633		0.9600		0.9565		0.9528		0.9488		0.9443
	34		0.9859		0.9847		0.9833		0.9818		0.9804		0.9786		0.9766		0.9746		0.9722		0.9698		0.9671		0.9642		0.9610		0.9576		0.9539		0.9499		0.9456
	35		0.9864		0.9852		0.9838		0.9824		0.9809		0.9792		0.9773		0.9753		0.9730		0.9706		0.9680		0.9651		0.9620		0.9587		0.9551		0.9511		0.9469
	36		0.9868		0.9856		0.9843		0.9829		0.9815		0.9799		0.9779		0.9761		0.9738		0.9715		0.9689		0.9661		0.9630		0.9598		0.9562		0.9523		0.9481
	37		0.9872		0.9861		0.9848		0.9835		0.9821		0.9805		0.9787		0.9768		0.9746		0.9724		0.9698		0.9670		0.9641		0.9609		0.9573		0.9536		0.9494
	38		0.9876		0.9865		0.9854		0.9840		0.9827		0.9811		0.9793		0.9775		0.9753		0.9732		0.9707		0.9681		0.9651		0.9619		0.9585		0.9548		0.9507
	39		0.9880		0.9870		0.9858		0.9845		0.9833		0.9817		0.9800		0.9782		0.9761		0.9740		0.9716		0.9690		0.9661		0.9631		0.9597		0.9560		0.9520
	40		0.9884		0.9874		0.9863		0.9850		0.9838		0.9823		0.9806		0.9789		0.9769		0.9748		0.9725		0.9699		0.9672		0.9642		0.9608		0.9573		0.9533
	41		0.9887		0.9879		0.9867		0.9855		0.9843		0.9829		0.9813		0.9796		0.9777		0.9757		0.9734		0.9709		0.9682		0.9653		0.9621		0.9585		0.9547
	42		0.9892		0.9882		0.9872		0.9860		0.9849		0.9835		0.9819		0.9803		0.9785		0.9765		0.9743		0.9719		0.9692		0.9663		0.9632		0.9598		0.9560
	43		0.9895		0.9887		0.9877		0.9866		0.9854		0.9841		0.9826		0.9810		0.9792		0.9773		0.9752		0.9728		0.9702		0.9674		0.9644		0.9610		0.9573
	44		0.9899		0.9890		0.9881		0.9870		0.9859		0.9847		0.9832		0.9817		0.9799		0.9781		0.9760		0.9737		0.9713		0.9685		0.9655		0.9623		0.9587
	45		0.9903		0.9895		0.9885		0.9875		0.9865		0.9852		0.9837		0.9823		0.9806		0.9789		0.9768		0.9746		0.9722		0.9696		0.9667		0.9635		0.9600
	46		0.9906		0.9898		0.9889		0.9879		0.9869		0.9858		0.9844		0.9830		0.9813		0.9796		0.9777		0.9755		0.9732		0.9707		0.9679		0.9648		0.9614
	47		0.9909		0.9902		0.9893		0.9884		0.9874		0.9863		0.9849		0.9836		0.9820		0.9804		0.9785		0.9764		0.9742		0.9717		0.9690		0.9659		0.9627
	48		0.9912		0.9906		0.9897		0.9888		0.9878		0.9868		0.9855		0.9842		0.9827		0.9811		0.9793		0.9773		0.9751		0.9727		0.9701		0.9672		0.9640
	49		0.9916		0.9908		0.9901		0.9892		0.9884		0.9873		0.9861		0.9848		0.9834		0.9818		0.9801		0.9782		0.9761		0.9738		0.9712		0.9684		0.9653
	50		0.9919		0.9912		0.9905		0.9896		0.9888		0.9877		0.9866		0.9854		0.9840		0.9826		0.9809		0.9790		0.9770		0.9747		0.9722		0.9695		0.9665
	51		0.9922		0.9916		0.9908		0.9900		0.9892		0.9883		0.9871		0.9860		0.9846		0.9832		0.9816		0.9798		0.9778		0.9758		0.9734		0.9707		0.9677
	52		0.9925		0.9919		0.9912		0.9904		0.9896		0.9887		0.9876		0.9866		0.9852		0.9839		0.9824		0.9806		0.9787		0.9766		0.9744		0.9718		0.9690
	53		0.9928		0.9922		0.9916		0.9908		0.9900		0.9891		0.9881		0.9871		0.9858		0.9846		0.9830		0.9814		0.9795		0.9776		0.9754		0.9729		0.9702
	54		0.9931		0.9925		0.9919		0.9912		0.9904		0.9896		0.9886		0.9876		0.9864		0.9851		0.9838		0.9821		0.9804		0.9785		0.9764		0.9740		0.9714
	55		0.9933		0.9927		0.9921		0.9915		0.9909		0.9900		0.9890		0.9881		0.9870		0.9858		0.9844		0.9829		0.9812		0.9794		0.9773		0.9751		0.9726

48

APPENDICES

TABLE K

Conversion from Single Life to

100% Joint and Survivor With Pop-Up

CECONY Weekly Participants –1

		Age of Pensioner
		25		26		27		28		29		30		31		32		33		34		35		36		37		38		39		40		41
	56		0.9936		0.9930		0.9925		0.9918		0.9912		0.9905		0.9895		0.9886		0.9875		0.9864		0.9851		0.9836		0.9820		0.9803		0.9783		0.9761		0.9737
	57		0.9938		0.9933		0.9928		0.9922		0.9916		0.9908		0.9900		0.9891		0.9880		0.9870		0.9857		0.9843		0.9827		0.9811		0.9792		0.9771		0.9748
	58		0.9941		0.9936		0.9931		0.9925		0.9920		0.9912		0.9904		0.9896		0.9885		0.9875		0.9864		0.9850		0.9835		0.9819		0.9801		0.9781		0.9758
	59		0.9943		0.9939		0.9934		0.9928		0.9923		0.9916		0.9908		0.9900		0.9890		0.9881		0.9869		0.9856		0.9842		0.9827		0.9810		0.9790		0.9769
	60		0.9945		0.9941		0.9937		0.9932		0.9926		0.9919		0.9912		0.9905		0.9895		0.9886		0.9875		0.9863		0.9850		0.9835		0.9818		0.9799		0.9779
	61		0.9947		0.9944		0.9939		0.9935		0.9929		0.9923		0.9916		0.9909		0.9900		0.9892		0.9881		0.9869		0.9856		0.9842		0.9827		0.9808		0.9788
	62		0.9950		0.9946		0.9942		0.9937		0.9932		0.9927		0.9920		0.9913		0.9905		0.9896		0.9886		0.9875		0.9862		0.9849		0.9834		0.9817		0.9798
	63		0.9952		0.9948		0.9944		0.9940		0.9935		0.9930		0.9924		0.9917		0.9909		0.9901		0.9891		0.9881		0.9869		0.9857		0.9842		0.9826		0.9807
	64		0.9954		0.9950		0.9947		0.9943		0.9938		0.9933		0.9927		0.9920		0.9913		0.9906		0.9896		0.9886		0.9875		0.9863		0.9849		0.9834		0.9816
	65		0.9956		0.9953		0.9949		0.9945		0.9941		0.9936		0.9930		0.9924		0.9917		0.9910		0.9902		0.9891		0.9881		0.9869		0.9857		0.9842		0.9825
	66		0.9958		0.9955		0.9952		0.9947		0.9944		0.9939		0.9933		0.9928		0.9921		0.9915		0.9906		0.9897		0.9886		0.9876		0.9863		0.9849		0.9833
	67		0.9959		0.9957		0.9954		0.9950		0.9946		0.9942		0.9936		0.9932		0.9925		0.9918		0.9911		0.9902		0.9892		0.9882		0.9870		0.9857		0.9841
	68		0.9961		0.9958		0.9955		0.9952		0.9949		0.9945		0.9939		0.9935		0.9928		0.9923		0.9915		0.9906		0.9898		0.9887		0.9876		0.9864		0.9849
	69		0.9963		0.9961		0.9958		0.9955		0.9951		0.9948		0.9942		0.9938		0.9932		0.9927		0.9920		0.9912		0.9903		0.9894		0.9882		0.9870		0.9857
	70		0.9964		0.9962		0.9960		0.9957		0.9954		0.9950		0.9945		0.9941		0.9935		0.9930		0.9923		0.9916		0.9908		0.9899		0.9888		0.9876		0.9864
	71		0.9967		0.9964		0.9961		0.9958		0.9956		0.9952		0.9948		0.9944		0.9938		0.9933		0.9927		0.9920		0.9912		0.9904		0.9894		0.9883		0.9870
	72		0.9968		0.9966		0.9964		0.9960		0.9958		0.9955		0.9950		0.9947		0.9942		0.9937		0.9931		0.9925		0.9917		0.9909		0.9900		0.9889		0.9877
	73		0.9970		0.9967		0.9965		0.9962		0.9960		0.9957		0.9953		0.9950		0.9944		0.9940		0.9935		0.9928		0.9921		0.9914		0.9905		0.9895		0.9883
	74		0.9970		0.9969		0.9967		0.9964		0.9962		0.9959		0.9955		0.9952		0.9947		0.9943		0.9938		0.9932		0.9925		0.9919		0.9910		0.9900		0.9890
	75		0.9972		0.9970		0.9968		0.9966		0.9964		0.9961		0.9957		0.9955		0.9950		0.9946		0.9941		0.9936		0.9930		0.9922		0.9914		0.9906		0.9896
	76		0.9973		0.9972		0.9969		0.9967		0.9966		0.9963		0.9959		0.9957		0.9952		0.9949		0.9944		0.9939		0.9933		0.9927		0.9920		0.9911		0.9901
	77		0.9975		0.9973		0.9971		0.9969		0.9968		0.9965		0.9962		0.9959		0.9955		0.9952		0.9948		0.9942		0.9936		0.9931		0.9924		0.9916		0.9907
	78		0.9976		0.9974		0.9972		0.9971		0.9969		0.9967		0.9964		0.9962		0.9958		0.9955		0.9951		0.9946		0.9940		0.9935		0.9928		0.9920		0.9911
	79		0.9977		0.9975		0.9974		0.9972		0.9971		0.9969		0.9965		0.9963		0.9960		0.9957		0.9953		0.9948		0.9943		0.9938		0.9932		0.9925		0.9917
	80		0.9978		0.9977		0.9975		0.9973		0.9972		0.9970		0.9968		0.9965		0.9962		0.9959		0.9956		0.9951		0.9946		0.9942		0.9936		0.9929		0.9921
	81		0.9979		0.9978		0.9976		0.9975		0.9974		0.9971		0.9969		0.9967		0.9964		0.9961		0.9958		0.9954		0.9949		0.9945		0.9940		0.9933		0.9925
	82		0.9980		0.9979		0.9978		0.9976		0.9975		0.9973		0.9971		0.9969		0.9966		0.9964		0.9960		0.9956		0.9952		0.9948		0.9943		0.9937		0.9930
	83		0.9981		0.9980		0.9978		0.9978		0.9976		0.9974		0.9972		0.9971		0.9967		0.9966		0.9963		0.9959		0.9955		0.9951		0.9947		0.9940		0.9934
	84		0.9982		0.9981		0.9980		0.9978		0.9978		0.9976		0.9974		0.9972		0.9970		0.9967		0.9965		0.9961		0.9958		0.9954		0.9950		0.9944		0.9938
	85		0.9983		0.9982		0.9981		0.9980		0.9979		0.9977		0.9975		0.9974		0.9971		0.9970		0.9966		0.9963		0.9960		0.9957		0.9953		0.9947		0.9941

49

APPENDICES

TABLE K

Conversion from Single Life to

100% Joint and Survivor With Pop-Up

CECONY Weekly Participants –1

		Age of Pensioner
		42		43		44		45		46		47		48		49		50		51		52		53		54		55		56		57		58
	25		0.9307		0.9254		0.9198		0.9138		0.9075		0.9009		0.8938		0.8866		0.8789		0.8708		0.8623		0.8534		0.8440		0.8342		0.8238		0.8129		0.8014
	26		0.9317		0.9264		0.9208		0.9148		0.9086		0.9020		0.8950		0.8877		0.8800		0.8720		0.8636		0.8546		0.8452		0.8354		0.8250		0.8141		0.8027
	27		0.9327		0.9275		0.9219		0.9159		0.9097		0.9031		0.8962		0.8889		0.8813		0.8732		0.8648		0.8560		0.8465		0.8367		0.8263		0.8155		0.8040
	28		0.9338		0.9286		0.9230		0.9171		0.9110		0.9044		0.8975		0.8902		0.8826		0.8745		0.8662		0.8573		0.8479		0.8381		0.8277		0.8168		0.8053
	29		0.9349		0.9298		0.9242		0.9184		0.9122		0.9057		0.8987		0.8916		0.8840		0.8760		0.8675		0.8587		0.8493		0.8396		0.8292		0.8183		0.8068
	30		0.9361		0.9309		0.9255		0.9196		0.9135		0.9070		0.9001		0.8930		0.8853		0.8774		0.8690		0.8602		0.8508		0.8411		0.8307		0.8198		0.8084
	31		0.9372		0.9322		0.9267		0.9209		0.9149		0.9084		0.9016		0.8944		0.8869		0.8789		0.8706		0.8618		0.8524		0.8426		0.8323		0.8215		0.8100
	32		0.9385		0.9334		0.9280		0.9222		0.9162		0.9099		0.9030		0.8959		0.8884		0.8805		0.8722		0.8634		0.8540		0.8443		0.8340		0.8231		0.8117
	33		0.9398		0.9347		0.9294		0.9237		0.9177		0.9114		0.9046		0.8975		0.8900		0.8821		0.8738		0.8651		0.8558		0.8461		0.8357		0.8249		0.8135
	34		0.9410		0.9361		0.9308		0.9251		0.9192		0.9129		0.9061		0.8991		0.8917		0.8838		0.8756		0.8669		0.8576		0.8479		0.8376		0.8269		0.8154
	35		0.9423		0.9374		0.9322		0.9266		0.9207		0.9145		0.9078		0.9008		0.8934		0.8856		0.8774		0.8687		0.8595		0.8499		0.8396		0.8288		0.8174
	36		0.9437		0.9388		0.9336		0.9281		0.9223		0.9161		0.9095		0.9026		0.8952		0.8874		0.8793		0.8707		0.8615		0.8518		0.8416		0.8309		0.8195
	37		0.9450		0.9403		0.9352		0.9296		0.9239		0.9178		0.9112		0.9044		0.8971		0.8894		0.8813		0.8726		0.8635		0.8540		0.8437		0.8330		0.8216
	38		0.9464		0.9417		0.9366		0.9312		0.9256		0.9195		0.9130		0.9062		0.8990		0.8914		0.8833		0.8748		0.8656		0.8561		0.8460		0.8353		0.8240
	39		0.9478		0.9431		0.9382		0.9329		0.9273		0.9212		0.9149		0.9081		0.9009		0.8934		0.8854		0.8769		0.8679		0.8584		0.8483		0.8376		0.8263
	40		0.9492		0.9446		0.9398		0.9345		0.9290		0.9231		0.9168		0.9101		0.9030		0.8955		0.8876		0.8791		0.8702		0.8607		0.8507		0.8401		0.8288
	41		0.9506		0.9461		0.9414		0.9362		0.9308		0.9249		0.9187		0.9121		0.9050		0.8976		0.8898		0.8814		0.8725		0.8632		0.8531		0.8426		0.8314
	42		0.9521		0.9477		0.9430		0.9379		0.9325		0.9268		0.9207		0.9142		0.9072		0.8999		0.8921		0.8839		0.8750		0.8657		0.8557		0.8452		0.8341
	43		0.9535		0.9492		0.9446		0.9396		0.9343		0.9287		0.9226		0.9162		0.9094		0.9021		0.8944		0.8863		0.8775		0.8683		0.8584		0.8480		0.8369
	44		0.9549		0.9507		0.9462		0.9413		0.9362		0.9306		0.9247		0.9183		0.9116		0.9044		0.8968		0.8887		0.8801		0.8710		0.8611		0.8508		0.8398
	45		0.9563		0.9522		0.9478		0.9431		0.9380		0.9326		0.9267		0.9205		0.9139		0.9068		0.8993		0.8913		0.8827		0.8737		0.8640		0.8537		0.8428
	46		0.9578		0.9537		0.9495		0.9448		0.9399		0.9345		0.9288		0.9226		0.9162		0.9092		0.9018		0.8940		0.8855		0.8765		0.8669		0.8567		0.8459
	47		0.9591		0.9553		0.9511		0.9465		0.9417		0.9365		0.9308		0.9248		0.9184		0.9116		0.9044		0.8966		0.8882		0.8794		0.8699		0.8598		0.8491
	48		0.9606		0.9568		0.9527		0.9483		0.9435		0.9384		0.9329		0.9271		0.9208		0.9141		0.9070		0.8993		0.8911		0.8823		0.8729		0.8630		0.8523
	49		0.9620		0.9583		0.9543		0.9499		0.9454		0.9404		0.9350		0.9293		0.9231		0.9166		0.9096		0.9021		0.8939		0.8854		0.8761		0.8663		0.8557
	50		0.9633		0.9598		0.9559		0.9517		0.9472		0.9423		0.9371		0.9315		0.9255		0.9191		0.9122		0.9049		0.8969		0.8884		0.8792		0.8695		0.8591
	51		0.9647		0.9612		0.9575		0.9534		0.9491		0.9443		0.9392		0.9337		0.9279		0.9216		0.9149		0.9077		0.8998		0.8915		0.8825		0.8729		0.8626
	52		0.9660		0.9626		0.9590		0.9550		0.9508		0.9463		0.9413		0.9360		0.9303		0.9241		0.9176		0.9105		0.9028		0.8946		0.8858		0.8764		0.8662
	53		0.9673		0.9641		0.9606		0.9567		0.9527		0.9482		0.9434		0.9382		0.9327		0.9267		0.9203		0.9133		0.9058		0.8978		0.8891		0.8798		0.8698
	54		0.9686		0.9654		0.9621		0.9584		0.9544		0.9501		0.9454		0.9404		0.9350		0.9292		0.9230		0.9162		0.9089		0.9011		0.8925		0.8834		0.8736
	55		0.9699		0.9669		0.9636		0.9600		0.9561		0.9520		0.9474		0.9426		0.9374		0.9317		0.9256		0.9191		0.9119		0.9042		0.8959		0.8870		0.8773

50

APPENDICES

TABLE K

CECONY Weekly Participants –1

Conversion from Single Life to

100% Joint and Survivor With Pop-Up

		Age of Pensioner
		42		43		44		45		46		47		48		49		50		51		52		53		54		55		56		57		58
	56		0.9711		0.9682		0.9650		0.9616		0.9579		0.9538		0.9494		0.9448		0.9397		0.9342		0.9283		0.9219		0.9149		0.9075		0.8993		0.8906		0.8812
	57		0.9723		0.9695		0.9664		0.9631		0.9596		0.9557		0.9514		0.9469		0.9420		0.9367		0.9310		0.9247		0.9180		0.9107		0.9027		0.8942		0.8850
	58		0.9735		0.9707		0.9678		0.9646		0.9612		0.9575		0.9534		0.9490		0.9442		0.9391		0.9336		0.9275		0.9209		0.9139		0.9062		0.8979		0.8888
	59		0.9746		0.9720		0.9692		0.9661		0.9628		0.9592		0.9553		0.9510		0.9465		0.9415		0.9362		0.9304		0.9240		0.9172		0.9096		0.9015		0.8926
	60		0.9757		0.9732		0.9706		0.9676		0.9644		0.9609		0.9571		0.9531		0.9486		0.9439		0.9388		0.9332		0.9269		0.9203		0.9130		0.9051		0.8965
	61		0.9768		0.9744		0.9718		0.9689		0.9659		0.9626		0.9590		0.9550		0.9508		0.9462		0.9413		0.9359		0.9299		0.9235		0.9163		0.9087		0.9003
	62		0.9778		0.9756		0.9731		0.9703		0.9674		0.9642		0.9607		0.9570		0.9529		0.9485		0.9437		0.9385		0.9327		0.9266		0.9197		0.9123		0.9042
	63		0.9788		0.9766		0.9743		0.9717		0.9689		0.9658		0.9625		0.9588		0.9550		0.9507		0.9461		0.9411		0.9356		0.9296		0.9230		0.9158		0.9079
	64		0.9798		0.9777		0.9755		0.9729		0.9702		0.9673		0.9641		0.9607		0.9569		0.9529		0.9485		0.9437		0.9383		0.9326		0.9262		0.9193		0.9117
	65		0.9808		0.9787		0.9765		0.9742		0.9716		0.9689		0.9658		0.9625		0.9589		0.9550		0.9508		0.9462		0.9410		0.9355		0.9294		0.9227		0.9154
	66		0.9817		0.9797		0.9777		0.9753		0.9729		0.9702		0.9673		0.9642		0.9607		0.9571		0.9530		0.9486		0.9437		0.9384		0.9325		0.9261		0.9190
	67		0.9825		0.9807		0.9788		0.9765		0.9742		0.9716		0.9688		0.9659		0.9626		0.9590		0.9552		0.9510		0.9463		0.9412		0.9355		0.9294		0.9226
	68		0.9834		0.9817		0.9798		0.9776		0.9755		0.9730		0.9703		0.9675		0.9644		0.9610		0.9573		0.9533		0.9488		0.9440		0.9385		0.9326		0.9260
	69		0.9842		0.9826		0.9808		0.9787		0.9766		0.9743		0.9717		0.9690		0.9660		0.9628		0.9594		0.9555		0.9512		0.9466		0.9414		0.9358		0.9294
	70		0.9850		0.9834		0.9817		0.9797		0.9778		0.9755		0.9731		0.9705		0.9677		0.9646		0.9613		0.9577		0.9536		0.9491		0.9442		0.9388		0.9327
	71		0.9857		0.9843		0.9826		0.9807		0.9789		0.9767		0.9744		0.9719		0.9692		0.9663		0.9632		0.9597		0.9558		0.9516		0.9469		0.9418		0.9359
	72		0.9865		0.9850		0.9835		0.9817		0.9799		0.9778		0.9757		0.9734		0.9707		0.9680		0.9651		0.9617		0.9580		0.9540		0.9495		0.9446		0.9391
	73		0.9872		0.9858		0.9843		0.9827		0.9809		0.9790		0.9769		0.9746		0.9723		0.9696		0.9668		0.9637		0.9602		0.9564		0.9521		0.9474		0.9421
	74		0.9878		0.9865		0.9851		0.9835		0.9819		0.9800		0.9781		0.9760		0.9736		0.9712		0.9685		0.9655		0.9622		0.9586		0.9545		0.9501		0.9450
	75		0.9885		0.9872		0.9859		0.9844		0.9828		0.9811		0.9792		0.9772		0.9750		0.9726		0.9701		0.9673		0.9641		0.9607		0.9568		0.9526		0.9478
	76		0.9891		0.9879		0.9867		0.9852		0.9837		0.9820		0.9802		0.9784		0.9762		0.9740		0.9716		0.9690		0.9659		0.9627		0.9591		0.9551		0.9505
	77		0.9897		0.9885		0.9874		0.9859		0.9846		0.9830		0.9812		0.9795		0.9775		0.9754		0.9731		0.9706		0.9677		0.9647		0.9612		0.9574		0.9531
	78		0.9902		0.9891		0.9880		0.9867		0.9854		0.9838		0.9823		0.9805		0.9786		0.9767		0.9746		0.9722		0.9695		0.9666		0.9633		0.9597		0.9557
	79		0.9908		0.9898		0.9887		0.9874		0.9862		0.9847		0.9831		0.9815		0.9798		0.9779		0.9759		0.9736		0.9711		0.9684		0.9653		0.9619		0.9580
	80		0.9913		0.9903		0.9893		0.9881		0.9869		0.9855		0.9840		0.9825		0.9808		0.9791		0.9772		0.9750		0.9727		0.9701		0.9671		0.9640		0.9603
	81		0.9918		0.9909		0.9899		0.9887		0.9876		0.9863		0.9849		0.9835		0.9819		0.9801		0.9784		0.9764		0.9741		0.9717		0.9690		0.9659		0.9624
	82		0.9922		0.9914		0.9904		0.9893		0.9883		0.9871		0.9857		0.9844		0.9828		0.9812		0.9795		0.9777		0.9755		0.9733		0.9707		0.9678		0.9646
	83		0.9927		0.9919		0.9910		0.9899		0.9889		0.9878		0.9865		0.9852		0.9838		0.9823		0.9807		0.9789		0.9769		0.9748		0.9723		0.9697		0.9666
	84		0.9931		0.9923		0.9915		0.9905		0.9896		0.9884		0.9872		0.9860		0.9847		0.9833		0.9818		0.9801		0.9782		0.9762		0.9739		0.9714		0.9685
	85		0.9936		0.9928		0.9920		0.9911		0.9901		0.9891		0.9879		0.9868		0.9855		0.9842		0.9828		0.9812		0.9794		0.9776		0.9754		0.9730		0.9703

51

APPENDICES

TABLE K

Conversion from Single Life to

100% Joint and Survivor With Pop-Up

CECONY Weekly Participants –1

		Age of Pensioner
		59		60		61		62		63		64		65		66		67		68		69		70		71		72		73		74		75
	25		0.7893		0.7767		0.7635		0.7497		0.7354		0.7205		0.7052		0.6893		0.6731		0.6564		0.6394		0.6221		0.6045		0.5866		0.5684		0.5500		0.5316
	26		0.7905		0.7780		0.7647		0.7510		0.7366		0.7217		0.7064		0.6905		0.6743		0.6575		0.6405		0.6232		0.6056		0.5876		0.5694		0.5510		0.5326
	27		0.7919		0.7793		0.7660		0.7523		0.7379		0.7230		0.7077		0.6918		0.6755		0.6587		0.6417		0.6244		0.6067		0.5887		0.5705		0.5521		0.5336
	28		0.7933		0.7807		0.7675		0.7536		0.7393		0.7244		0.7090		0.6931		0.6768		0.6601		0.6430		0.6256		0.6079		0.5899		0.5717		0.5532		0.5347
	29		0.7947		0.7821		0.7689		0.7551		0.7407		0.7258		0.7104		0.6945		0.6782		0.6614		0.6443		0.6269		0.6092		0.5912		0.5729		0.5544		0.5359
	30		0.7963		0.7837		0.7704		0.7567		0.7423		0.7274		0.7120		0.6960		0.6797		0.6629		0.6458		0.6283		0.6106		0.5926		0.5743		0.5557		0.5372
	31		0.7979		0.7853		0.7721		0.7583		0.7439		0.7290		0.7136		0.6976		0.6812		0.6644		0.6473		0.6298		0.6121		0.5940		0.5757		0.5571		0.5385
	32		0.7997		0.7871		0.7738		0.7600		0.7456		0.7307		0.7152		0.6993		0.6829		0.6661		0.6489		0.6315		0.6137		0.5955		0.5772		0.5586		0.5400
	33		0.8015		0.7888		0.7756		0.7619		0.7475		0.7325		0.7171		0.7011		0.6847		0.6678		0.6507		0.6331		0.6153		0.5972		0.5787		0.5601		0.5415
	34		0.8034		0.7908		0.7776		0.7638		0.7494		0.7344		0.7190		0.7030		0.6865		0.6697		0.6525		0.6349		0.6171		0.5989		0.5804		0.5618		0.5431
	35		0.8054		0.7928		0.7796		0.7658		0.7514		0.7364		0.7210		0.7049		0.6885		0.6716		0.6544		0.6368		0.6189		0.6007		0.5823		0.5635		0.5448
	36		0.8075		0.7949		0.7817		0.7679		0.7535		0.7385		0.7230		0.7070		0.6906		0.6737		0.6564		0.6388		0.6209		0.6027		0.5842		0.5654		0.5466
	37		0.8097		0.7972		0.7840		0.7701		0.7558		0.7408		0.7253		0.7092		0.6928		0.6759		0.6586		0.6410		0.6230		0.6047		0.5862		0.5674		0.5486
	38		0.8120		0.7995		0.7863		0.7725		0.7581		0.7431		0.7276		0.7116		0.6951		0.6781		0.6609		0.6432		0.6252		0.6069		0.5883		0.5695		0.5506
	39		0.8144		0.8019		0.7887		0.7750		0.7606		0.7456		0.7301		0.7141		0.6976		0.6806		0.6633		0.6456		0.6275		0.6092		0.5906		0.5717		0.5527
	40		0.8169		0.8044		0.7913		0.7776		0.7632		0.7482		0.7327		0.7167		0.7002		0.6832		0.6658		0.6481		0.6301		0.6116		0.5930		0.5740		0.5551
	41		0.8196		0.8071		0.7940		0.7803		0.7659		0.7509		0.7354		0.7194		0.7029		0.6859		0.6685		0.6507		0.6327		0.6142		0.5955		0.5765		0.5575
	42		0.8223		0.8099		0.7968		0.7831		0.7687		0.7538		0.7384		0.7223		0.7057		0.6887		0.6713		0.6535		0.6354		0.6170		0.5982		0.5791		0.5601
	43		0.8251		0.8128		0.7998		0.7861		0.7717		0.7568		0.7413		0.7253		0.7088		0.6917		0.6743		0.6565		0.6384		0.6198		0.6010		0.5819		0.5628
	44		0.8281		0.8158		0.8028		0.7892		0.7749		0.7600		0.7445		0.7284		0.7119		0.6948		0.6774		0.6596		0.6414		0.6228		0.6040		0.5848		0.5657
	45		0.8312		0.8189		0.8059		0.7924		0.7781		0.7633		0.7478		0.7317		0.7152		0.6981		0.6807		0.6628		0.6446		0.6260		0.6072		0.5880		0.5687
	46		0.8343		0.8221		0.8092		0.7957		0.7815		0.7666		0.7512		0.7352		0.7187		0.7016		0.6841		0.6663		0.6480		0.6294		0.6104		0.5912		0.5719
	47		0.8376		0.8255		0.8127		0.7992		0.7850		0.7702		0.7549		0.7388		0.7223		0.7052		0.6877		0.6699		0.6516		0.6329		0.6140		0.5946		0.5753
	48		0.8409		0.8289		0.8162		0.8028		0.7887		0.7739		0.7586		0.7426		0.7261		0.7090		0.6915		0.6737		0.6553		0.6367		0.6176		0.5983		0.5789
	49		0.8444		0.8325		0.8198		0.8066		0.7925		0.7778		0.7625		0.7465		0.7301		0.7130		0.6955		0.6776		0.6593		0.6406		0.6215		0.6021		0.5826
	50		0.8480		0.8361		0.8236		0.8104		0.7964		0.7818		0.7665		0.7506		0.7342		0.7172		0.6997		0.6818		0.6634		0.6447		0.6256		0.6061		0.5866
	51		0.8516		0.8399		0.8275		0.8143		0.8005		0.7859		0.7707		0.7549		0.7385		0.7215		0.7040		0.6861		0.6678		0.6490		0.6299		0.6104		0.5908
	52		0.8554		0.8438		0.8315		0.8184		0.8047		0.7902		0.7751		0.7593		0.7429		0.7260		0.7086		0.6907		0.6724		0.6536		0.6344		0.6149		0.5952
	53		0.8591		0.8477		0.8356		0.8227		0.8090		0.7946		0.7796		0.7639		0.7476		0.7307		0.7133		0.6954		0.6771		0.6583		0.6391		0.6195		0.5998
	54		0.8630		0.8517		0.8397		0.8270		0.8134		0.7992		0.7843		0.7686		0.7524		0.7356		0.7182		0.7004		0.6821		0.6633		0.6441		0.6245		0.6047
	55		0.8670		0.8558		0.8440		0.8314		0.8180		0.8038		0.7891		0.7735		0.7574		0.7407		0.7234		0.7056		0.6873		0.6685		0.6493		0.6296		0.6098

52

APPENDICES

TABLE K

Conversion from Single Life to

100% Joint and Survivor With Pop-Up

CECONY Weekly Participants –1

		Age of Pensioner
		59		60		61		62		63		64		65		66		67		68		69		70		71		72		73		74		75
	56		0.8709		0.8600		0.8483		0.8358		0.8227		0.8087		0.7940		0.7786		0.7626		0.7459		0.7287		0.7109		0.6927		0.6739		0.6547		0.6351		0.6152
	57		0.8749		0.8642		0.8527		0.8405		0.8274		0.8136		0.7991		0.7838		0.7679		0.7513		0.7342		0.7165		0.6983		0.6795		0.6603		0.6407		0.6209
	58		0.8790		0.8685		0.8571		0.8451		0.8322		0.8186		0.8043		0.7891		0.7734		0.7569		0.7399		0.7223		0.7041		0.6854		0.6663		0.6466		0.6267
	59		0.8830		0.8728		0.8617		0.8498		0.8371		0.8236		0.8095		0.7945		0.7789		0.7626		0.7457		0.7282		0.7101		0.6915		0.6724		0.6527		0.6329
	60		0.8871		0.8771		0.8662		0.8546		0.8421		0.8288		0.8149		0.8001		0.7846		0.7685		0.7517		0.7343		0.7164		0.6978		0.6787		0.6591		0.6393
	61		0.8912		0.8814		0.8707		0.8594		0.8471		0.8341		0.8203		0.8057		0.7905		0.7745		0.7579		0.7406		0.7228		0.7043		0.6853		0.6657		0.6459
	62		0.8952		0.8857		0.8753		0.8641		0.8521		0.8393		0.8258		0.8114		0.7964		0.7806		0.7642		0.7471		0.7294		0.7110		0.6921		0.6726		0.6528
	63		0.8993		0.8900		0.8799		0.8690		0.8572		0.8447		0.8314		0.8173		0.8025		0.7868		0.7706		0.7536		0.7361		0.7178		0.6990		0.6796		0.6599
	64		0.9033		0.8942		0.8844		0.8737		0.8623		0.8500		0.8370		0.8231		0.8085		0.7931		0.7770		0.7603		0.7429		0.7249		0.7062		0.6869		0.6672
	65		0.9073		0.8984		0.8889		0.8785		0.8674		0.8553		0.8426		0.8290		0.8147		0.7995		0.7837		0.7671		0.7500		0.7321		0.7135		0.6943		0.6748
	66		0.9111		0.9026		0.8934		0.8833		0.8724		0.8607		0.8482		0.8349		0.8208		0.8059		0.7903		0.7741		0.7571		0.7394		0.7210		0.7019		0.6825
	67		0.9150		0.9067		0.8978		0.8880		0.8774		0.8660		0.8539		0.8408		0.8270		0.8124		0.7971		0.7811		0.7643		0.7468		0.7286		0.7097		0.6904
	68		0.9187		0.9108		0.9021		0.8927		0.8823		0.8713		0.8594		0.8466		0.8332		0.8189		0.8038		0.7881		0.7716		0.7543		0.7363		0.7176		0.6985
	69		0.9224		0.9148		0.9064		0.8973		0.8873		0.8765		0.8650		0.8525		0.8394		0.8253		0.8106		0.7952		0.7789		0.7619		0.7441		0.7257		0.7067
	70		0.9260		0.9186		0.9105		0.9017		0.8921		0.8816		0.8704		0.8584		0.8455		0.8318		0.8174		0.8023		0.7863		0.7695		0.7520		0.7338		0.7150
	71		0.9295		0.9224		0.9147		0.9062		0.8968		0.8867		0.8759		0.8641		0.8516		0.8383		0.8242		0.8094		0.7937		0.7772		0.7600		0.7420		0.7235
	72		0.9329		0.9262		0.9186		0.9105		0.9015		0.8917		0.8812		0.8698		0.8577		0.8447		0.8309		0.8164		0.8011		0.7849		0.7680		0.7503		0.7320
	73		0.9362		0.9297		0.9225		0.9147		0.9060		0.8966		0.8864		0.8754		0.8636		0.8509		0.8376		0.8234		0.8085		0.7926		0.7761		0.7586		0.7406
	74		0.9394		0.9332		0.9263		0.9188		0.9105		0.9014		0.8915		0.8809		0.8695		0.8572		0.8442		0.8304		0.8158		0.8003		0.7841		0.7669		0.7492
	75		0.9424		0.9366		0.9300		0.9228		0.9147		0.9060		0.8965		0.8862		0.8753		0.8634		0.8507		0.8373		0.8231		0.8080		0.7920		0.7753		0.7579
	76		0.9454		0.9398		0.9335		0.9266		0.9189		0.9106		0.9015		0.8915		0.8809		0.8694		0.8572		0.8441		0.8303		0.8155		0.8000		0.7835		0.7665
	77		0.9483		0.9429		0.9369		0.9303		0.9230		0.9149		0.9062		0.8966		0.8864		0.8752		0.8634		0.8508		0.8374		0.8230		0.8078		0.7917		0.7750
	78		0.9510		0.9460		0.9402		0.9339		0.9269		0.9192		0.9108		0.9016		0.8918		0.8810		0.8695		0.8573		0.8443		0.8304		0.8156		0.7998		0.7836
	79		0.9536		0.9488		0.9433		0.9374		0.9307		0.9233		0.9152		0.9064		0.8969		0.8866		0.8755		0.8638		0.8512		0.8376		0.8232		0.8080		0.7920
	80		0.9561		0.9515		0.9464		0.9407		0.9343		0.9272		0.9196		0.9111		0.9019		0.8921		0.8814		0.8700		0.8578		0.8447		0.8307		0.8159		0.8003
	81		0.9585		0.9542		0.9493		0.9438		0.9378		0.9310		0.9237		0.9156		0.9069		0.8973		0.8871		0.8761		0.8643		0.8517		0.8382		0.8237		0.8085
	82		0.9608		0.9567		0.9521		0.9469		0.9412		0.9347		0.9277		0.9200		0.9116		0.9025		0.8926		0.8821		0.8708		0.8585		0.8454		0.8314		0.8167
	83		0.9631		0.9592		0.9548		0.9498		0.9444		0.9383		0.9316		0.9242		0.9162		0.9075		0.8980		0.8880		0.8770		0.8652		0.8525		0.8389		0.8247
	84		0.9652		0.9615		0.9573		0.9527		0.9475		0.9417		0.9354		0.9283		0.9207		0.9123		0.9033		0.8936		0.8831		0.8717		0.8595		0.8464		0.8326
	85		0.9672		0.9637		0.9598		0.9554		0.9504		0.9450		0.9390		0.9323		0.9250		0.9170		0.9084		0.8991		0.8891		0.8781		0.8664		0.8537		0.8403

53

APPENDICES

TABLE L

Conversion from Single Life to

50% Joint and Survivor Without Pop-Up

CECONY Weekly Participants –1

		Age of Pensioner
		25		26		27		28		29		30		31		32		33		34		35		36		37		38		39		40		41
	25		0.9910		0.9903		0.9894		0.9885		0.9876		0.9865		0.9853		0.9841		0.9826		0.9812		0.9796		0.9779		0.9760		0.9741		0.9719		0.9696		0.9671
	26		0.9912		0.9905		0.9897		0.9887		0.9878		0.9868		0.9856		0.9844		0.9830		0.9816		0.9801		0.9783		0.9765		0.9746		0.9724		0.9701		0.9676
	27		0.9914		0.9908		0.9899		0.9890		0.9881		0.9872		0.9859		0.9848		0.9834		0.9820		0.9804		0.9787		0.9770		0.9750		0.9729		0.9706		0.9682
	28		0.9917		0.9910		0.9902		0.9893		0.9885		0.9874		0.9863		0.9852		0.9838		0.9825		0.9810		0.9793		0.9775		0.9755		0.9735		0.9712		0.9688
	29		0.9920		0.9913		0.9905		0.9896		0.9888		0.9878		0.9867		0.9855		0.9842		0.9829		0.9814		0.9797		0.9780		0.9761		0.9740		0.9718		0.9694
	30		0.9922		0.9915		0.9908		0.9899		0.9892		0.9882		0.9870		0.9860		0.9846		0.9834		0.9818		0.9802		0.9785		0.9766		0.9746		0.9724		0.9700
	31		0.9925		0.9918		0.9910		0.9903		0.9895		0.9885		0.9874		0.9863		0.9850		0.9838		0.9824		0.9807		0.9790		0.9772		0.9752		0.9730		0.9706
	32		0.9927		0.9920		0.9913		0.9906		0.9898		0.9888		0.9878		0.9867		0.9855		0.9843		0.9828		0.9812		0.9795		0.9777		0.9758		0.9737		0.9713
	33		0.9929		0.9923		0.9916		0.9909		0.9901		0.9892		0.9881		0.9872		0.9859		0.9847		0.9833		0.9818		0.9801		0.9783		0.9764		0.9743		0.9720
	34		0.9931		0.9925		0.9919		0.9912		0.9904		0.9896		0.9885		0.9875		0.9863		0.9851		0.9838		0.9823		0.9807		0.9789		0.9770		0.9749		0.9727
	35		0.9934		0.9928		0.9921		0.9915		0.9907		0.9899		0.9889		0.9880		0.9867		0.9856		0.9843		0.9828		0.9812		0.9795		0.9776		0.9756		0.9734
	36		0.9936		0.9930		0.9924		0.9918		0.9911		0.9902		0.9893		0.9883		0.9872		0.9861		0.9848		0.9833		0.9818		0.9801		0.9783		0.9763		0.9741
	37		0.9939		0.9933		0.9927		0.9921		0.9914		0.9906		0.9896		0.9887		0.9876		0.9865		0.9852		0.9838		0.9824		0.9807		0.9789		0.9770		0.9749
	38		0.9941		0.9936		0.9930		0.9923		0.9917		0.9909		0.9900		0.9891		0.9881		0.9870		0.9858		0.9844		0.9830		0.9813		0.9796		0.9777		0.9755
	39		0.9943		0.9938		0.9932		0.9926		0.9920		0.9913		0.9904		0.9895		0.9884		0.9874		0.9863		0.9850		0.9835		0.9820		0.9803		0.9784		0.9763
	40		0.9945		0.9940		0.9935		0.9929		0.9923		0.9916		0.9907		0.9899		0.9889		0.9879		0.9867		0.9855		0.9841		0.9826		0.9809		0.9791		0.9770
	41		0.9947		0.9942		0.9938		0.9932		0.9926		0.9919		0.9911		0.9903		0.9893		0.9884		0.9872		0.9860		0.9847		0.9832		0.9816		0.9798		0.9779
	42		0.9949		0.9944		0.9940		0.9935		0.9929		0.9922		0.9915		0.9907		0.9897		0.9889		0.9877		0.9865		0.9852		0.9838		0.9822		0.9805		0.9786
	43		0.9951		0.9947		0.9942		0.9937		0.9931		0.9925		0.9918		0.9911		0.9902		0.9892		0.9882		0.9870		0.9858		0.9845		0.9829		0.9812		0.9794
	44		0.9953		0.9949		0.9944		0.9940		0.9934		0.9928		0.9921		0.9914		0.9905		0.9897		0.9887		0.9876		0.9863		0.9851		0.9836		0.9819		0.9801
	45		0.9955		0.9951		0.9947		0.9942		0.9937		0.9931		0.9924		0.9918		0.9909		0.9901		0.9891		0.9881		0.9869		0.9857		0.9842		0.9826		0.9809
	46		0.9957		0.9953		0.9949		0.9944		0.9940		0.9934		0.9928		0.9921		0.9913		0.9906		0.9896		0.9885		0.9874		0.9862		0.9848		0.9833		0.9816
	47		0.9959		0.9955		0.9952		0.9947		0.9943		0.9937		0.9931		0.9925		0.9917		0.9909		0.9901		0.9891		0.9880		0.9868		0.9855		0.9840		0.9824
	48		0.9961		0.9957		0.9953		0.9949		0.9946		0.9940		0.9934		0.9928		0.9921		0.9914		0.9905		0.9895		0.9885		0.9874		0.9861		0.9847		0.9831
	49		0.9962		0.9959		0.9955		0.9952		0.9948		0.9943		0.9937		0.9932		0.9925		0.9918		0.9909		0.9900		0.9890		0.9879		0.9867		0.9854		0.9838
	50		0.9964		0.9961		0.9958		0.9954		0.9950		0.9945		0.9940		0.9935		0.9928		0.9921		0.9914		0.9905		0.9896		0.9885		0.9873		0.9860		0.9845
	51		0.9966		0.9963		0.9960		0.9956		0.9953		0.9948		0.9943		0.9938		0.9931		0.9925		0.9917		0.9909		0.9900		0.9891		0.9879		0.9867		0.9853
	52		0.9967		0.9964		0.9961		0.9958		0.9955		0.9951		0.9946		0.9941		0.9934		0.9929		0.9922		0.9914		0.9905		0.9896		0.9885		0.9873		0.9860
	53		0.9969		0.9967		0.9964		0.9960		0.9957		0.9954		0.9948		0.9944		0.9938		0.9933		0.9926		0.9918		0.9910		0.9901		0.9891		0.9880		0.9867
	54		0.9970		0.9968		0.9965		0.9962		0.9960		0.9956		0.9951		0.9947		0.9941		0.9936		0.9929		0.9922		0.9914		0.9906		0.9896		0.9885		0.9873
	55		0.9972		0.9970		0.9967		0.9964		0.9962		0.9958		0.9953		0.9950		0.9944		0.9939		0.9933		0.9926		0.9919		0.9911		0.9901		0.9891		0.9880

54

APPENDICES

TABLE L

Conversion from Single Life to

50% Joint and Survivor Without Pop-Up

CECONY Weekly Participants –1

		Age of Pensioner
		25		26		27		28		29		30		31		32		33		34		35		36		37		38		39		40		41
	56		0.9973		0.9971		0.9969		0.9966		0.9963		0.9960		0.9956		0.9953		0.9947		0.9942		0.9937		0.9930		0.9924		0.9916		0.9907		0.9897		0.9886
	57		0.9975		0.9973		0.9970		0.9968		0.9966		0.9963		0.9959		0.9955		0.9950		0.9946		0.9940		0.9934		0.9927		0.9920		0.9912		0.9902		0.9892
	58		0.9976		0.9974		0.9972		0.9969		0.9968		0.9965		0.9961		0.9958		0.9953		0.9949		0.9944		0.9937		0.9931		0.9925		0.9917		0.9908		0.9898
	59		0.9977		0.9975		0.9974		0.9971		0.9969		0.9966		0.9963		0.9960		0.9955		0.9952		0.9947		0.9941		0.9936		0.9929		0.9922		0.9913		0.9903
	60		0.9978		0.9977		0.9975		0.9973		0.9971		0.9969		0.9965		0.9962		0.9958		0.9955		0.9950		0.9945		0.9939		0.9933		0.9927		0.9919		0.9910
	61		0.9980		0.9978		0.9976		0.9975		0.9973		0.9971		0.9967		0.9965		0.9961		0.9958		0.9954		0.9948		0.9943		0.9938		0.9931		0.9923		0.9915
	62		0.9981		0.9980		0.9978		0.9976		0.9975		0.9972		0.9969		0.9967		0.9963		0.9961		0.9956		0.9952		0.9946		0.9942		0.9935		0.9928		0.9920
	63		0.9982		0.9981		0.9979		0.9978		0.9976		0.9974		0.9971		0.9969		0.9965		0.9963		0.9959		0.9955		0.9950		0.9945		0.9940		0.9932		0.9925
	64		0.9983		0.9982		0.9981		0.9979		0.9978		0.9976		0.9973		0.9971		0.9967		0.9965		0.9962		0.9958		0.9953		0.9948		0.9944		0.9937		0.9930
	65		0.9984		0.9983		0.9982		0.9981		0.9979		0.9977		0.9975		0.9973		0.9970		0.9967		0.9964		0.9960		0.9956		0.9952		0.9947		0.9942		0.9934
	66		0.9985		0.9984		0.9983		0.9981		0.9981		0.9979		0.9977		0.9975		0.9972		0.9970		0.9966		0.9963		0.9959		0.9955		0.9951		0.9946		0.9939
	67		0.9986		0.9985		0.9984		0.9983		0.9982		0.9980		0.9978		0.9977		0.9973		0.9972		0.9970		0.9966		0.9962		0.9958		0.9954		0.9949		0.9944
	68		0.9987		0.9987		0.9985		0.9984		0.9984		0.9982		0.9980		0.9978		0.9976		0.9974		0.9971		0.9969		0.9965		0.9961		0.9957		0.9953		0.9948
	69		0.9988		0.9987		0.9987		0.9985		0.9984		0.9983		0.9981		0.9980		0.9977		0.9976		0.9973		0.9971		0.9968		0.9965		0.9960		0.9956		0.9952
	70		0.9989		0.9988		0.9987		0.9986		0.9986		0.9984		0.9983		0.9981		0.9979		0.9978		0.9976		0.9973		0.9970		0.9968		0.9964		0.9960		0.9955
	71		0.9990		0.9989		0.9988		0.9987		0.9987		0.9986		0.9984		0.9983		0.9981		0.9979		0.9977		0.9975		0.9972		0.9970		0.9967		0.9963		0.9959
	72		0.9990		0.9990		0.9989		0.9988		0.9988		0.9986		0.9985		0.9984		0.9983		0.9981		0.9979		0.9977		0.9975		0.9972		0.9969		0.9966		0.9962
	73		0.9991		0.9990		0.9990		0.9989		0.9989		0.9988		0.9986		0.9986		0.9983		0.9983		0.9981		0.9979		0.9977		0.9975		0.9972		0.9969		0.9965
	74		0.9992		0.9991		0.9990		0.9990		0.9990		0.9989		0.9987		0.9986		0.9985		0.9984		0.9982		0.9981		0.9978		0.9977		0.9974		0.9971		0.9968
	75		0.9993		0.9992		0.9991		0.9990		0.9990		0.9989		0.9989		0.9988		0.9986		0.9986		0.9984		0.9982		0.9981		0.9978		0.9977		0.9973		0.9970
	76		0.9993		0.9993		0.9992		0.9991		0.9991		0.9991		0.9989		0.9989		0.9987		0.9987		0.9985		0.9984		0.9982		0.9981		0.9978		0.9976		0.9973
	77		0.9993		0.9993		0.9993		0.9992		0.9992		0.9992		0.9990		0.9990		0.9989		0.9988		0.9987		0.9985		0.9984		0.9982		0.9981		0.9978		0.9976
	78		0.9994		0.9994		0.9993		0.9993		0.9993		0.9992		0.9991		0.9991		0.9989		0.9989		0.9988		0.9986		0.9985		0.9984		0.9982		0.9980		0.9977
	79		0.9995		0.9994		0.9994		0.9993		0.9993		0.9993		0.9992		0.9992		0.9990		0.9990		0.9989		0.9988		0.9986		0.9985		0.9984		0.9982		0.9980
	80		0.9995		0.9995		0.9994		0.9994		0.9994		0.9993		0.9992		0.9992		0.9991		0.9991		0.9990		0.9989		0.9988		0.9987		0.9985		0.9984		0.9981
	81		0.9996		0.9996		0.9995		0.9994		0.9995		0.9994		0.9993		0.9993		0.9992		0.9992		0.9991		0.9990		0.9988		0.9988		0.9987		0.9985		0.9983
	82		0.9996		0.9996		0.9996		0.9995		0.9995		0.9995		0.9994		0.9994		0.9992		0.9992		0.9992		0.9991		0.9990		0.9989		0.9988		0.9987		0.9985
	83		0.9996		0.9996		0.9996		0.9996		0.9995		0.9995		0.9994		0.9995		0.9993		0.9993		0.9992		0.9992		0.9991		0.9990		0.9989		0.9988		0.9986
	84		0.9996		0.9996		0.9996		0.9996		0.9996		0.9995		0.9995		0.9995		0.9994		0.9994		0.9993		0.9992		0.9992		0.9991		0.9990		0.9989		0.9987
	85		0.9997		0.9996		0.9996		0.9996		0.9996		0.9996		0.9995		0.9995		0.9995		0.9995		0.9994		0.9993		0.9992		0.9992		0.9991		0.9990		0.9989

55

APPENDICES

TABLE L

Conversion from Single Life to

50% Joint and Survivor Without Pop-Up

CECONY Weekly Participants –1

		Age of Pensioner
		42		43		44		45		46		47		48		49		50		51		52		53		54		55		56		57		58
	25		0.9645		0.9616		0.9586		0.9553		0.9519		0.9483		0.9444		0.9403		0.9360		0.9314		0.9266		0.9215		0.9159		0.9101		0.9039		0.8974		0.8903
	26		0.9651		0.9622		0.9592		0.9559		0.9526		0.9490		0.9451		0.9411		0.9367		0.9321		0.9274		0.9222		0.9167		0.9109		0.9047		0.8982		0.8912
	27		0.9657		0.9628		0.9598		0.9566		0.9533		0.9497		0.9458		0.9417		0.9374		0.9329		0.9281		0.9230		0.9175		0.9117		0.9055		0.8990		0.8920
	28		0.9662		0.9635		0.9605		0.9573		0.9539		0.9504		0.9465		0.9425		0.9383		0.9337		0.9289		0.9238		0.9184		0.9126		0.9064		0.8999		0.8929
	29		0.9669		0.9641		0.9611		0.9580		0.9547		0.9511		0.9473		0.9433		0.9391		0.9345		0.9298		0.9247		0.9192		0.9135		0.9073		0.9008		0.8939
	30		0.9675		0.9648		0.9619		0.9587		0.9554		0.9519		0.9481		0.9442		0.9399		0.9354		0.9307		0.9256		0.9201		0.9145		0.9083		0.9018		0.8949
	31		0.9682		0.9654		0.9626		0.9595		0.9562		0.9527		0.9490		0.9450		0.9408		0.9363		0.9316		0.9266		0.9212		0.9154		0.9093		0.9029		0.8959
	32		0.9689		0.9662		0.9634		0.9602		0.9570		0.9535		0.9498		0.9459		0.9417		0.9373		0.9326		0.9276		0.9222		0.9166		0.9104		0.9040		0.8971
	33		0.9696		0.9669		0.9641		0.9610		0.9579		0.9544		0.9507		0.9468		0.9426		0.9383		0.9336		0.9287		0.9233		0.9176		0.9115		0.9051		0.8982
	34		0.9703		0.9677		0.9649		0.9619		0.9587		0.9553		0.9517		0.9478		0.9437		0.9393		0.9347		0.9297		0.9244		0.9188		0.9127		0.9063		0.8995
	35		0.9711		0.9685		0.9658		0.9628		0.9596		0.9563		0.9526		0.9488		0.9447		0.9404		0.9358		0.9309		0.9256		0.9200		0.9140		0.9077		0.9008
	36		0.9718		0.9693		0.9666		0.9636		0.9605		0.9572		0.9536		0.9498		0.9458		0.9415		0.9370		0.9321		0.9268		0.9213		0.9153		0.9089		0.9021
	37		0.9726		0.9701		0.9674		0.9645		0.9615		0.9582		0.9546		0.9509		0.9469		0.9426		0.9382		0.9333		0.9280		0.9226		0.9166		0.9104		0.9036
	38		0.9734		0.9710		0.9683		0.9655		0.9624		0.9592		0.9557		0.9520		0.9481		0.9439		0.9394		0.9346		0.9294		0.9240		0.9181		0.9118		0.9051
	39		0.9742		0.9718		0.9692		0.9664		0.9635		0.9603		0.9568		0.9531		0.9492		0.9451		0.9407		0.9360		0.9308		0.9254		0.9195		0.9133		0.9067
	40		0.9750		0.9726		0.9701		0.9673		0.9645		0.9613		0.9579		0.9544		0.9505		0.9464		0.9420		0.9373		0.9322		0.9269		0.9211		0.9149		0.9083
	41		0.9758		0.9735		0.9710		0.9683		0.9655		0.9624		0.9591		0.9556		0.9517		0.9477		0.9434		0.9388		0.9337		0.9285		0.9227		0.9166		0.9100
	42		0.9766		0.9744		0.9719		0.9693		0.9665		0.9635		0.9602		0.9568		0.9530		0.9491		0.9448		0.9402		0.9353		0.9301		0.9243		0.9183		0.9118
	43		0.9774		0.9753		0.9729		0.9703		0.9676		0.9646		0.9614		0.9580		0.9543		0.9505		0.9463		0.9417		0.9369		0.9317		0.9261		0.9200		0.9136
	44		0.9783		0.9761		0.9738		0.9713		0.9686		0.9658		0.9626		0.9593		0.9557		0.9518		0.9478		0.9433		0.9385		0.9334		0.9278		0.9219		0.9155
	45		0.9790		0.9770		0.9748		0.9723		0.9697		0.9669		0.9638		0.9606		0.9571		0.9533		0.9493		0.9449		0.9401		0.9352		0.9296		0.9238		0.9175
	46		0.9799		0.9778		0.9757		0.9733		0.9708		0.9681		0.9651		0.9619		0.9584		0.9548		0.9508		0.9465		0.9418		0.9369		0.9315		0.9258		0.9195
	47		0.9807		0.9787		0.9766		0.9743		0.9719		0.9692		0.9663		0.9632		0.9599		0.9562		0.9524		0.9482		0.9436		0.9387		0.9334		0.9277		0.9216
	48		0.9815		0.9796		0.9775		0.9753		0.9730		0.9704		0.9675		0.9645		0.9613		0.9577		0.9539		0.9499		0.9453		0.9406		0.9354		0.9297		0.9237
	49		0.9823		0.9804		0.9785		0.9763		0.9741		0.9715		0.9688		0.9659		0.9627		0.9593		0.9556		0.9516		0.9471		0.9425		0.9374		0.9319		0.9259
	50		0.9831		0.9813		0.9794		0.9773		0.9751		0.9727		0.9700		0.9672		0.9641		0.9608		0.9572		0.9532		0.9489		0.9444		0.9394		0.9340		0.9282
	51		0.9838		0.9821		0.9803		0.9783		0.9761		0.9739		0.9712		0.9685		0.9655		0.9622		0.9588		0.9550		0.9508		0.9464		0.9415		0.9362		0.9305
	52		0.9846		0.9830		0.9812		0.9792		0.9772		0.9750		0.9725		0.9698		0.9670		0.9638		0.9605		0.9567		0.9527		0.9483		0.9435		0.9384		0.9328
	53		0.9853		0.9838		0.9821		0.9802		0.9782		0.9761		0.9737		0.9712		0.9684		0.9653		0.9620		0.9585		0.9546		0.9503		0.9456		0.9406		0.9351
	54		0.9860		0.9846		0.9830		0.9812		0.9793		0.9772		0.9749		0.9724		0.9698		0.9668		0.9637		0.9602		0.9564		0.9523		0.9478		0.9429		0.9376
	55		0.9867		0.9853		0.9839		0.9821		0.9803		0.9783		0.9761		0.9738		0.9711		0.9683		0.9653		0.9620		0.9582		0.9544		0.9499		0.9452		0.9400

56

APPENDICES

TABLE L

Conversion from Single Life to

50% Joint and Survivor Without Pop-Up

CECONY Weekly Participants –1

		Age of Pensioner
		42		43		44		45		46		47		48		49		50		51		52		53		54		55		56		57		58
	56		0.9874		0.9861		0.9846		0.9830		0.9813		0.9794		0.9773		0.9750		0.9726		0.9698		0.9670		0.9637		0.9602		0.9563		0.9521		0.9475		0.9424
	57		0.9881		0.9868		0.9855		0.9839		0.9823		0.9804		0.9785		0.9763		0.9739		0.9714		0.9686		0.9654		0.9620		0.9583		0.9542		0.9498		0.9449
	58		0.9887		0.9876		0.9863		0.9848		0.9832		0.9815		0.9796		0.9775		0.9753		0.9728		0.9701		0.9672		0.9638		0.9604		0.9563		0.9521		0.9473
	59		0.9894		0.9883		0.9870		0.9856		0.9842		0.9825		0.9807		0.9788		0.9766		0.9742		0.9717		0.9689		0.9657		0.9623		0.9585		0.9544		0.9498
	60		0.9901		0.9890		0.9877		0.9864		0.9850		0.9835		0.9818		0.9799		0.9778		0.9756		0.9733		0.9705		0.9675		0.9643		0.9606		0.9567		0.9523
	61		0.9906		0.9896		0.9885		0.9872		0.9859		0.9845		0.9828		0.9811		0.9791		0.9770		0.9747		0.9722		0.9693		0.9662		0.9627		0.9589		0.9547
	62		0.9912		0.9902		0.9892		0.9880		0.9868		0.9854		0.9839		0.9822		0.9803		0.9784		0.9762		0.9738		0.9710		0.9681		0.9648		0.9612		0.9572
	63		0.9918		0.9909		0.9899		0.9888		0.9876		0.9863		0.9848		0.9833		0.9815		0.9797		0.9777		0.9754		0.9728		0.9699		0.9668		0.9634		0.9595
	64		0.9923		0.9915		0.9906		0.9895		0.9884		0.9872		0.9858		0.9844		0.9827		0.9810		0.9790		0.9768		0.9744		0.9718		0.9688		0.9655		0.9618
	65		0.9929		0.9920		0.9912		0.9902		0.9892		0.9880		0.9867		0.9853		0.9838		0.9822		0.9804		0.9783		0.9760		0.9735		0.9707		0.9676		0.9642
	66		0.9933		0.9926		0.9917		0.9908		0.9899		0.9888		0.9876		0.9863		0.9849		0.9833		0.9817		0.9797		0.9776		0.9753		0.9726		0.9697		0.9664
	67		0.9938		0.9931		0.9924		0.9914		0.9906		0.9896		0.9884		0.9873		0.9859		0.9845		0.9829		0.9812		0.9791		0.9769		0.9744		0.9716		0.9685
	68		0.9943		0.9936		0.9928		0.9921		0.9912		0.9904		0.9892		0.9882		0.9869		0.9856		0.9841		0.9824		0.9805		0.9785		0.9761		0.9736		0.9706
	69		0.9947		0.9941		0.9934		0.9926		0.9919		0.9910		0.9900		0.9890		0.9878		0.9866		0.9852		0.9837		0.9819		0.9800		0.9778		0.9754		0.9727
	70		0.9950		0.9945		0.9939		0.9932		0.9925		0.9917		0.9908		0.9898		0.9887		0.9875		0.9863		0.9849		0.9832		0.9815		0.9794		0.9772		0.9746
	71		0.9954		0.9949		0.9943		0.9937		0.9931		0.9923		0.9915		0.9906		0.9896		0.9885		0.9873		0.9860		0.9845		0.9829		0.9809		0.9789		0.9765
	72		0.9958		0.9953		0.9948		0.9942		0.9936		0.9929		0.9921		0.9913		0.9904		0.9894		0.9883		0.9871		0.9857		0.9841		0.9824		0.9805		0.9783
	73		0.9961		0.9957		0.9952		0.9946		0.9941		0.9935		0.9927		0.9920		0.9912		0.9902		0.9892		0.9881		0.9868		0.9854		0.9838		0.9820		0.9799
	74		0.9965		0.9960		0.9956		0.9951		0.9946		0.9940		0.9933		0.9927		0.9918		0.9910		0.9901		0.9890		0.9878		0.9866		0.9851		0.9835		0.9815
	75		0.9968		0.9964		0.9960		0.9955		0.9951		0.9945		0.9939		0.9932		0.9925		0.9918		0.9909		0.9900		0.9888		0.9877		0.9863		0.9848		0.9830
	76		0.9971		0.9967		0.9963		0.9958		0.9955		0.9950		0.9943		0.9938		0.9932		0.9924		0.9917		0.9908		0.9898		0.9887		0.9874		0.9861		0.9845
	77		0.9973		0.9970		0.9966		0.9962		0.9959		0.9954		0.9948		0.9943		0.9937		0.9931		0.9924		0.9916		0.9906		0.9897		0.9886		0.9873		0.9858
	78		0.9976		0.9972		0.9970		0.9965		0.9962		0.9958		0.9953		0.9948		0.9942		0.9937		0.9930		0.9924		0.9915		0.9906		0.9895		0.9884		0.9871
	79		0.9978		0.9975		0.9972		0.9969		0.9965		0.9962		0.9957		0.9953		0.9947		0.9943		0.9937		0.9930		0.9922		0.9915		0.9905		0.9894		0.9881
	80		0.9979		0.9977		0.9974		0.9971		0.9968		0.9965		0.9961		0.9957		0.9952		0.9948		0.9942		0.9936		0.9929		0.9922		0.9913		0.9904		0.9892
	81		0.9982		0.9979		0.9977		0.9974		0.9972		0.9968		0.9965		0.9961		0.9957		0.9952		0.9948		0.9942		0.9936		0.9930		0.9921		0.9913		0.9902
	82		0.9983		0.9982		0.9979		0.9976		0.9974		0.9971		0.9968		0.9964		0.9961		0.9957		0.9952		0.9948		0.9942		0.9936		0.9928		0.9921		0.9911
	83		0.9985		0.9983		0.9982		0.9978		0.9977		0.9974		0.9970		0.9968		0.9964		0.9960		0.9957		0.9953		0.9947		0.9942		0.9935		0.9928		0.9919
	84		0.9987		0.9985		0.9983		0.9981		0.9979		0.9976		0.9974		0.9971		0.9967		0.9965		0.9961		0.9957		0.9952		0.9947		0.9941		0.9935		0.9928
	85		0.9988		0.9986		0.9985		0.9982		0.9981		0.9979		0.9976		0.9973		0.9971		0.9968		0.9965		0.9961		0.9956		0.9952		0.9946		0.9941		0.9935

57

APPENDICES

TABLE L

Conversion from Single Life to

50% Joint and Survivor Without Pop-Up

CECONY Weekly Participants –1

		Age of Pensioner
		59		60		61		62		63		64		65		66		67		68		69		70		71		72		73		74		75
	25		0.8828		0.8749		0.8665		0.8576		0.8481		0.8382		0.8277		0.8167		0.8052		0.7932		0.7806		0.7676		0.7541		0.7400		0.7254		0.7102		0.6948
	26		0.8837		0.8757		0.8673		0.8584		0.8490		0.8391		0.8286		0.8176		0.8062		0.7940		0.7815		0.7685		0.7550		0.7409		0.7263		0.7111		0.6957
	27		0.8845		0.8766		0.8682		0.8594		0.8499		0.8399		0.8295		0.8185		0.8071		0.7950		0.7825		0.7695		0.7559		0.7418		0.7273		0.7121		0.6966
	28		0.8854		0.8776		0.8691		0.8603		0.8508		0.8409		0.8305		0.8195		0.8080		0.7960		0.7835		0.7704		0.7569		0.7428		0.7282		0.7130		0.6975
	29		0.8864		0.8785		0.8702		0.8613		0.8519		0.8420		0.8316		0.8205		0.8091		0.7970		0.7845		0.7715		0.7580		0.7439		0.7293		0.7141		0.6986
	30		0.8874		0.8796		0.8712		0.8624		0.8529		0.8430		0.8327		0.8217		0.8102		0.7982		0.7857		0.7726		0.7591		0.7450		0.7304		0.7152		0.6997
	31		0.8885		0.8807		0.8723		0.8635		0.8541		0.8442		0.8338		0.8228		0.8114		0.7994		0.7869		0.7739		0.7603		0.7462		0.7316		0.7165		0.7010
	32		0.8896		0.8818		0.8735		0.8647		0.8553		0.8454		0.8351		0.8241		0.8126		0.8007		0.7881		0.7751		0.7616		0.7475		0.7329		0.7177		0.7023
	33		0.8908		0.8830		0.8747		0.8660		0.8566		0.8467		0.8364		0.8254		0.8140		0.8020		0.7895		0.7765		0.7629		0.7489		0.7343		0.7191		0.7036
	34		0.8921		0.8844		0.8761		0.8673		0.8580		0.8481		0.8377		0.8268		0.8154		0.8034		0.7909		0.7779		0.7644		0.7503		0.7357		0.7205		0.7050
	35		0.8934		0.8857		0.8774		0.8687		0.8594		0.8495		0.8392		0.8283		0.8169		0.8049		0.7925		0.7795		0.7659		0.7519		0.7373		0.7221		0.7066
	36		0.8949		0.8871		0.8789		0.8701		0.8609		0.8511		0.8407		0.8299		0.8185		0.8065		0.7941		0.7811		0.7676		0.7535		0.7389		0.7238		0.7082
	37		0.8963		0.8886		0.8804		0.8717		0.8624		0.8527		0.8424		0.8315		0.8201		0.8082		0.7957		0.7828		0.7693		0.7553		0.7406		0.7254		0.7099
	38		0.8979		0.8902		0.8820		0.8734		0.8642		0.8544		0.8441		0.8332		0.8219		0.8099		0.7975		0.7846		0.7711		0.7571		0.7425		0.7273		0.7118
	39		0.8995		0.8918		0.8837		0.8751		0.8659		0.8562		0.8459		0.8351		0.8238		0.8119		0.7994		0.7865		0.7731		0.7590		0.7444		0.7292		0.7137
	40		0.9011		0.8936		0.8855		0.8768		0.8677		0.8580		0.8479		0.8371		0.8257		0.8138		0.8014		0.7885		0.7751		0.7611		0.7465		0.7313		0.7158
	41		0.9029		0.8954		0.8873		0.8788		0.8697		0.8600		0.8498		0.8391		0.8278		0.8159		0.8036		0.7907		0.7773		0.7633		0.7487		0.7336		0.7180
	42		0.9047		0.8972		0.8893		0.8807		0.8717		0.8621		0.8520		0.8412		0.8300		0.8182		0.8058		0.7930		0.7796		0.7656		0.7510		0.7359		0.7204
	43		0.9067		0.8992		0.8913		0.8828		0.8738		0.8642		0.8542		0.8435		0.8323		0.8205		0.8082		0.7953		0.7820		0.7680		0.7535		0.7383		0.7229
	44		0.9086		0.9012		0.8934		0.8850		0.8760		0.8665		0.8565		0.8459		0.8347		0.8230		0.8107		0.7979		0.7845		0.7705		0.7560		0.7410		0.7254
	45		0.9106		0.9033		0.8955		0.8872		0.8783		0.8689		0.8589		0.8483		0.8372		0.8255		0.8133		0.8005		0.7872		0.7733		0.7588		0.7437		0.7282
	46		0.9127		0.9055		0.8978		0.8896		0.8807		0.8714		0.8614		0.8509		0.8399		0.8282		0.8161		0.8033		0.7900		0.7761		0.7616		0.7466		0.7311
	47		0.9149		0.9078		0.9001		0.8920		0.8832		0.8739		0.8641		0.8536		0.8426		0.8310		0.8188		0.8062		0.7930		0.7791		0.7647		0.7496		0.7341
	48		0.9172		0.9101		0.9025		0.8945		0.8858		0.8765		0.8668		0.8564		0.8455		0.8340		0.8219		0.8093		0.7961		0.7822		0.7678		0.7528		0.7374
	49		0.9195		0.9125		0.9050		0.8970		0.8885		0.8793		0.8696		0.8593		0.8485		0.8370		0.8250		0.8124		0.7993		0.7855		0.7711		0.7561		0.7407
	50		0.9218		0.9150		0.9076		0.8997		0.8912		0.8822		0.8726		0.8623		0.8516		0.8402		0.8283		0.8157		0.8027		0.7889		0.7747		0.7597		0.7443
	51		0.9242		0.9174		0.9102		0.9025		0.8941		0.8851		0.8756		0.8655		0.8548		0.8435		0.8317		0.8192		0.8062		0.7925		0.7783		0.7634		0.7481
	52		0.9266		0.9200		0.9129		0.9053		0.8970		0.8881		0.8788		0.8688		0.8582		0.8470		0.8353		0.8229		0.8099		0.7963		0.7821		0.7672		0.7520
	53		0.9291		0.9227		0.9156		0.9081		0.9000		0.8913		0.8820		0.8721		0.8617		0.8506		0.8389		0.8267		0.8138		0.8002		0.7861		0.7713		0.7561
	54		0.9317		0.9254		0.9185		0.9111		0.9031		0.8945		0.8854		0.8756		0.8653		0.8543		0.8428		0.8306		0.8178		0.8044		0.7903		0.7756		0.7604
	55		0.9343		0.9281		0.9213		0.9141		0.9062		0.8978		0.8888		0.8792		0.8691		0.8582		0.8467		0.8347		0.8221		0.8087		0.7947		0.7801		0.7650

58

APPENDICES

TABLE L

Conversion from Single Life to

50% Joint and Survivor Without Pop-Up

CECONY Weekly Participants –1

		Age of Pensioner
		59		60		61		62		63		64		65		66		67		68		69		70		71		72		73		74		75
	56		0.9368		0.9309		0.9242		0.9172		0.9095		0.9012		0.8924		0.8829		0.8729		0.8621		0.8508		0.8390		0.8264		0.8132		0.7993		0.7847		0.7698
	57		0.9394		0.9336		0.9272		0.9203		0.9128		0.9047		0.8960		0.8867		0.8769		0.8662		0.8551		0.8434		0.8310		0.8179		0.8041		0.7896		0.7747
	58		0.9421		0.9364		0.9302		0.9235		0.9162		0.9083		0.8998		0.8906		0.8810		0.8705		0.8595		0.8480		0.8356		0.8227		0.8091		0.7947		0.7799
	59		0.9448		0.9393		0.9332		0.9267		0.9196		0.9118		0.9035		0.8946		0.8851		0.8749		0.8641		0.8526		0.8405		0.8278		0.8142		0.8000		0.7854
	60		0.9474		0.9420		0.9362		0.9299		0.9230		0.9154		0.9074		0.8986		0.8894		0.8793		0.8687		0.8575		0.8456		0.8329		0.8196		0.8056		0.7910
	61		0.9500		0.9449		0.9393		0.9331		0.9264		0.9192		0.9113		0.9028		0.8937		0.8839		0.8735		0.8625		0.8508		0.8383		0.8252		0.8113		0.7969
	62		0.9526		0.9477		0.9423		0.9364		0.9299		0.9228		0.9152		0.9069		0.8981		0.8885		0.8784		0.8676		0.8561		0.8439		0.8309		0.8172		0.8030
	63		0.9553		0.9505		0.9453		0.9396		0.9334		0.9265		0.9192		0.9111		0.9026		0.8932		0.8833		0.8727		0.8615		0.8495		0.8368		0.8233		0.8093
	64		0.9577		0.9532		0.9483		0.9429		0.9368		0.9302		0.9231		0.9153		0.9070		0.8979		0.8883		0.8780		0.8670		0.8553		0.8428		0.8295		0.8158
	65		0.9602		0.9559		0.9512		0.9460		0.9402		0.9339		0.9271		0.9196		0.9115		0.9027		0.8934		0.8833		0.8726		0.8611		0.8489		0.8359		0.8224
	66		0.9627		0.9586		0.9541		0.9491		0.9436		0.9376		0.9310		0.9238		0.9159		0.9075		0.8984		0.8887		0.8783		0.8671		0.8551		0.8425		0.8291
	67		0.9651		0.9612		0.9569		0.9522		0.9469		0.9411		0.9348		0.9279		0.9204		0.9122		0.9035		0.8940		0.8839		0.8731		0.8614		0.8490		0.8360
	68		0.9674		0.9637		0.9596		0.9552		0.9502		0.9447		0.9386		0.9320		0.9248		0.9169		0.9085		0.8994		0.8896		0.8790		0.8678		0.8557		0.8429
	69		0.9696		0.9661		0.9623		0.9581		0.9534		0.9481		0.9424		0.9360		0.9291		0.9216		0.9135		0.9047		0.8953		0.8851		0.8741		0.8623		0.8500
	70		0.9717		0.9685		0.9648		0.9609		0.9564		0.9514		0.9460		0.9400		0.9334		0.9262		0.9185		0.9100		0.9009		0.8911		0.8804		0.8690		0.8570
	71		0.9737		0.9708		0.9674		0.9636		0.9594		0.9547		0.9496		0.9438		0.9376		0.9307		0.9233		0.9153		0.9065		0.8971		0.8869		0.8758		0.8641
	72		0.9757		0.9729		0.9697		0.9662		0.9622		0.9578		0.9530		0.9476		0.9417		0.9351		0.9280		0.9204		0.9120		0.9029		0.8931		0.8825		0.8712
	73		0.9776		0.9750		0.9720		0.9687		0.9650		0.9608		0.9563		0.9512		0.9456		0.9395		0.9327		0.9254		0.9174		0.9087		0.8993		0.8890		0.8782
	74		0.9794		0.9769		0.9742		0.9711		0.9677		0.9638		0.9595		0.9547		0.9494		0.9436		0.9372		0.9303		0.9227		0.9145		0.9054		0.8956		0.8852
	75		0.9811		0.9788		0.9763		0.9734		0.9701		0.9665		0.9626		0.9580		0.9531		0.9476		0.9416		0.9351		0.9279		0.9200		0.9114		0.9020		0.8920
	76		0.9826		0.9806		0.9782		0.9755		0.9726		0.9691		0.9654		0.9613		0.9566		0.9515		0.9459		0.9397		0.9329		0.9254		0.9172		0.9083		0.8988
	77		0.9841		0.9822		0.9800		0.9776		0.9748		0.9716		0.9682		0.9643		0.9600		0.9552		0.9498		0.9441		0.9377		0.9306		0.9228		0.9143		0.9053
	78		0.9854		0.9837		0.9817		0.9795		0.9769		0.9740		0.9708		0.9672		0.9632		0.9587		0.9537		0.9483		0.9422		0.9356		0.9283		0.9202		0.9116
	79		0.9868		0.9852		0.9833		0.9813		0.9789		0.9762		0.9732		0.9699		0.9662		0.9619		0.9573		0.9522		0.9466		0.9403		0.9335		0.9259		0.9178
	80		0.9880		0.9865		0.9848		0.9829		0.9808		0.9783		0.9755		0.9724		0.9690		0.9650		0.9608		0.9560		0.9508		0.9449		0.9384		0.9313		0.9236
	81		0.9891		0.9877		0.9861		0.9845		0.9824		0.9802		0.9777		0.9748		0.9717		0.9680		0.9640		0.9596		0.9547		0.9493		0.9432		0.9365		0.9292
	82		0.9901		0.9888		0.9875		0.9859		0.9841		0.9819		0.9796		0.9770		0.9741		0.9707		0.9671		0.9629		0.9584		0.9534		0.9477		0.9414		0.9346
	83		0.9910		0.9899		0.9886		0.9872		0.9855		0.9836		0.9816		0.9791		0.9764		0.9733		0.9699		0.9662		0.9619		0.9572		0.9519		0.9460		0.9397
	84		0.9918		0.9908		0.9896		0.9884		0.9869		0.9851		0.9833		0.9810		0.9786		0.9757		0.9726		0.9691		0.9652		0.9608		0.9560		0.9504		0.9445
	85		0.9927		0.9918		0.9907		0.9895		0.9882		0.9865		0.9848		0.9828		0.9806		0.9779		0.9750		0.9719		0.9683		0.9643		0.9597		0.9547		0.9492

59

APPENDICES

Table M-1

Consolidated Edison Retirement Plan

Option factors applicable to CECONY Weekly – 1 Participants –

75% Joint and Survivor Annuity Without Popup

		Age of Pensioner
		25		26		27		28		29		30		31		32		33		34		35		36		37		38		39		40		41
	25		0.9866		0.9854		0.9842		0.9828		0.9814		0.9798		0.9781		0.9762		0.9742		0.9720		0.9697		0.9672		0.9645		0.9616		0.9584		0.9551		0.9515
	26		0.9869		0.9858		0.9846		0.9833		0.9818		0.9803		0.9786		0.9768		0.9748		0.9726		0.9703		0.9678		0.9652		0.9623		0.9592		0.9558		0.9523
	27		0.9873		0.9862		0.9850		0.9837		0.9823		0.9808		0.9791		0.9773		0.9754		0.9733		0.9710		0.9685		0.9659		0.9630		0.9599		0.9566		0.9531
	28		0.9877		0.9866		0.9854		0.9842		0.9828		0.9813		0.9796		0.9779		0.9760		0.9739		0.9716		0.9692		0.9666		0.9638		0.9607		0.9574		0.9539
	29		0.9880		0.9870		0.9858		0.9846		0.9833		0.9818		0.9802		0.9784		0.9766		0.9745		0.9723		0.9699		0.9673		0.9645		0.9615		0.9583		0.9548
	30		0.9884		0.9874		0.9863		0.9851		0.9837		0.9823		0.9807		0.9790		0.9772		0.9752		0.9730		0.9706		0.9681		0.9653		0.9624		0.9592		0.9557
	31		0.9887		0.9878		0.9867		0.9855		0.9842		0.9828		0.9813		0.9796		0.9778		0.9758		0.9737		0.9714		0.9689		0.9662		0.9632		0.9601		0.9567
	32		0.9891		0.9881		0.9871		0.9859		0.9847		0.9833		0.9818		0.9802		0.9784		0.9765		0.9744		0.9721		0.9697		0.9670		0.9641		0.9610		0.9576
	33		0.9895		0.9885		0.9875		0.9864		0.9852		0.9838		0.9824		0.9808		0.9791		0.9772		0.9751		0.9729		0.9705		0.9678		0.9650		0.9619		0.9586
	34		0.9898		0.9889		0.9879		0.9868		0.9856		0.9844		0.9829		0.9814		0.9797		0.9778		0.9758		0.9737		0.9713		0.9687		0.9659		0.9629		0.9596
	35		0.9901		0.9893		0.9883		0.9873		0.9861		0.9849		0.9835		0.9820		0.9803		0.9785		0.9766		0.9744		0.9721		0.9696		0.9668		0.9639		0.9606
	36		0.9905		0.9897		0.9887		0.9877		0.9866		0.9854		0.9840		0.9826		0.9810		0.9792		0.9773		0.9752		0.9729		0.9705		0.9678		0.9648		0.9617
	37		0.9908		0.9900		0.9891		0.9881		0.9871		0.9859		0.9846		0.9832		0.9816		0.9799		0.9780		0.9760		0.9738		0.9714		0.9687		0.9659		0.9628
	38		0.9912		0.9904		0.9895		0.9886		0.9875		0.9864		0.9851		0.9837		0.9822		0.9806		0.9788		0.9768		0.9746		0.9723		0.9697		0.9669		0.9638
	39		0.9915		0.9907		0.9899		0.9890		0.9880		0.9869		0.9857		0.9843		0.9829		0.9813		0.9795		0.9776		0.9755		0.9732		0.9706		0.9679		0.9649
	40		0.9918		0.9911		0.9903		0.9894		0.9884		0.9874		0.9862		0.9849		0.9835		0.9819		0.9802		0.9784		0.9763		0.9741		0.9716		0.9689		0.9660
	41		0.9921		0.9914		0.9907		0.9898		0.9889		0.9879		0.9867		0.9855		0.9841		0.9826		0.9810		0.9791		0.9772		0.9750		0.9726		0.9700		0.9671
	42		0.9924		0.9918		0.9910		0.9902		0.9893		0.9883		0.9872		0.9860		0.9847		0.9833		0.9817		0.9799		0.9780		0.9759		0.9736		0.9710		0.9683
	43		0.9927		0.9921		0.9914		0.9906		0.9898		0.9888		0.9878		0.9866		0.9853		0.9839		0.9824		0.9807		0.9788		0.9768		0.9745		0.9721		0.9694
	44		0.9930		0.9924		0.9917		0.9910		0.9902		0.9893		0.9883		0.9872		0.9859		0.9846		0.9831		0.9815		0.9797		0.9777		0.9755		0.9731		0.9705
	45		0.9933		0.9927		0.9921		0.9914		0.9906		0.9897		0.9888		0.9877		0.9865		0.9852		0.9838		0.9822		0.9805		0.9786		0.9765		0.9741		0.9716
	46		0.9936		0.9930		0.9924		0.9917		0.9910		0.9902		0.9892		0.9882		0.9871		0.9858		0.9845		0.9830		0.9813		0.9794		0.9774		0.9752		0.9727
	47		0.9939		0.9933		0.9928		0.9921		0.9914		0.9906		0.9897		0.9887		0.9877		0.9865		0.9851		0.9837		0.9821		0.9803		0.9784		0.9762		0.9738
	48		0.9941		0.9936		0.9931		0.9925		0.9918		0.9910		0.9902		0.9892		0.9882		0.9871		0.9858		0.9844		0.9829		0.9812		0.9793		0.9772		0.9749
	49		0.9944		0.9939		0.9934		0.9928		0.9921		0.9914		0.9906		0.9897		0.9887		0.9877		0.9864		0.9851		0.9836		0.9820		0.9802		0.9782		0.9760
	50		0.9947		0.9942		0.9937		0.9931		0.9925		0.9918		0.9911		0.9902		0.9893		0.9882		0.9871		0.9858		0.9844		0.9828		0.9811		0.9792		0.9771
	51		0.9949		0.9945		0.9940		0.9935		0.9929		0.9922		0.9915		0.9907		0.9898		0.9888		0.9877		0.9865		0.9851		0.9836		0.9820		0.9801		0.9781
	52		0.9951		0.9947		0.9943		0.9938		0.9932		0.9926		0.9919		0.9911		0.9903		0.9893		0.9883		0.9871		0.9858		0.9844		0.9828		0.9811		0.9791
	53		0.9954		0.9950		0.9946		0.9941		0.9935		0.9930		0.9923		0.9916		0.9908		0.9899		0.9889		0.9878		0.9865		0.9852		0.9837		0.9820		0.9801
	54		0.9956		0.9952		0.9948		0.9944		0.9939		0.9933		0.9927		0.9920		0.9912		0.9904		0.9894		0.9884		0.9872		0.9859		0.9845		0.9829		0.9811
	55		0.9958		0.9955		0.9951		0.9947		0.9942		0.9937		0.9931		0.9924		0.9917		0.9909		0.9900		0.9890		0.9879		0.9867		0.9853		0.9838		0.9821

60

APPENDICES

Table M-1 (cont’d)

Consolidated Edison Retirement Plan

Option factors applicable to CECONY Weekly – 1 Participants –

75% Joint and Survivor Annuity Without Popup

		Age of Pensioner
		25		26		27		28		29		30		31		32		33		34		35		36		37		38		39		40		41
	56		0.9960		0.9957		0.9953		0.9949		0.9945		0.9940		0.9934		0.9928		0.9921		0.9914		0.9905		0.9896		0.9885		0.9874		0.9861		0.9846		0.9830
	57		0.9962		0.9959		0.9956		0.9952		0.9948		0.9943		0.9938		0.9932		0.9926		0.9919		0.9911		0.9902		0.9892		0.9881		0.9868		0.9855		0.9839
	58		0.9964		0.9962		0.9958		0.9955		0.9951		0.9946		0.9942		0.9936		0.9930		0.9923		0.9916		0.9907		0.9898		0.9887		0.9876		0.9863		0.9848
	59		0.9966		0.9964		0.9961		0.9957		0.9954		0.9949		0.9945		0.9940		0.9934		0.9928		0.9921		0.9913		0.9904		0.9894		0.9883		0.9870		0.9857
	60		0.9968		0.9966		0.9963		0.9960		0.9956		0.9952		0.9948		0.9943		0.9938		0.9932		0.9925		0.9918		0.9910		0.9900		0.9890		0.9878		0.9865
	61		0.9970		0.9968		0.9965		0.9962		0.9959		0.9955		0.9951		0.9947		0.9942		0.9936		0.9930		0.9923		0.9915		0.9906		0.9896		0.9885		0.9873
	62		0.9972		0.9970		0.9967		0.9964		0.9961		0.9958		0.9954		0.9950		0.9945		0.9940		0.9934		0.9928		0.9920		0.9912		0.9903		0.9893		0.9881
	63		0.9974		0.9972		0.9969		0.9967		0.9964		0.9961		0.9957		0.9953		0.9949		0.9944		0.9938		0.9932		0.9925		0.9918		0.9909		0.9899		0.9889
	64		0.9975		0.9973		0.9971		0.9969		0.9966		0.9963		0.9960		0.9956		0.9952		0.9948		0.9942		0.9937		0.9930		0.9923		0.9915		0.9906		0.9896
	65		0.9977		0.9975		0.9973		0.9971		0.9968		0.9966		0.9963		0.9959		0.9955		0.9951		0.9946		0.9941		0.9935		0.9928		0.9921		0.9912		0.9903
	66		0.9978		0.9977		0.9975		0.9973		0.9971		0.9968		0.9965		0.9962		0.9958		0.9955		0.9950		0.9945		0.9940		0.9933		0.9926		0.9918		0.9909
	67		0.9980		0.9978		0.9977		0.9975		0.9973		0.9970		0.9968		0.9965		0.9961		0.9958		0.9954		0.9949		0.9944		0.9938		0.9931		0.9924		0.9916
	68		0.9981		0.9980		0.9978		0.9976		0.9974		0.9972		0.9970		0.9967		0.9964		0.9961		0.9957		0.9953		0.9948		0.9943		0.9936		0.9930		0.9922
	69		0.9982		0.9981		0.9980		0.9978		0.9976		0.9974		0.9972		0.9970		0.9967		0.9964		0.9960		0.9956		0.9952		0.9947		0.9941		0.9935		0.9928
	70		0.9984		0.9982		0.9981		0.9980		0.9978		0.9976		0.9974		0.9972		0.9969		0.9966		0.9963		0.9960		0.9956		0.9951		0.9946		0.9940		0.9933
	71		0.9985		0.9984		0.9983		0.9981		0.9980		0.9978		0.9976		0.9974		0.9972		0.9969		0.9966		0.9963		0.9959		0.9955		0.9950		0.9944		0.9938
	72		0.9986		0.9985		0.9984		0.9983		0.9981		0.9980		0.9978		0.9976		0.9974		0.9971		0.9969		0.9966		0.9962		0.9958		0.9954		0.9949		0.9943
	73		0.9987		0.9986		0.9985		0.9984		0.9983		0.9981		0.9980		0.9978		0.9976		0.9974		0.9971		0.9969		0.9965		0.9962		0.9958		0.9953		0.9948
	74		0.9988		0.9987		0.9986		0.9985		0.9984		0.9983		0.9981		0.9980		0.9978		0.9976		0.9974		0.9971		0.9968		0.9965		0.9961		0.9957		0.9952
	75		0.9989		0.9988		0.9987		0.9986		0.9985		0.9984		0.9983		0.9981		0.9980		0.9978		0.9976		0.9974		0.9971		0.9968		0.9964		0.9961		0.9956
	76		0.9990		0.9989		0.9988		0.9988		0.9987		0.9986		0.9984		0.9983		0.9982		0.9980		0.9978		0.9976		0.9973		0.9971		0.9968		0.9964		0.9960
	77		0.9991		0.9990		0.9989		0.9989		0.9988		0.9987		0.9986		0.9984		0.9983		0.9982		0.9980		0.9978		0.9976		0.9973		0.9970		0.9967		0.9963
	78		0.9991		0.9991		0.9990		0.9990		0.9989		0.9988		0.9987		0.9986		0.9985		0.9983		0.9982		0.9980		0.9978		0.9976		0.9973		0.9970		0.9967
	79		0.9992		0.9992		0.9991		0.9990		0.9990		0.9989		0.9988		0.9987		0.9986		0.9985		0.9983		0.9982		0.9980		0.9978		0.9975		0.9973		0.9970
	80		0.9993		0.9992		0.9992		0.9991		0.9991		0.9990		0.9989		0.9988		0.9987		0.9986		0.9985		0.9983		0.9982		0.9980		0.9978		0.9975		0.9972
	81		0.9993		0.9993		0.9993		0.9992		0.9991		0.9991		0.9990		0.9989		0.9988		0.9987		0.9986		0.9985		0.9984		0.9982		0.9980		0.9978		0.9975
	82		0.9994		0.9994		0.9993		0.9993		0.9992		0.9992		0.9991		0.9990		0.9989		0.9989		0.9988		0.9986		0.9985		0.9984		0.9982		0.9980		0.9977
	83		0.9995		0.9994		0.9994		0.9993		0.9993		0.9992		0.9992		0.9991		0.9990		0.9990		0.9989		0.9988		0.9986		0.9985		0.9984		0.9982		0.9980
	84		0.9995		0.9995		0.9994		0.9994		0.9994		0.9993		0.9993		0.9992		0.9991		0.9991		0.9990		0.9989		0.9988		0.9987		0.9985		0.9983		0.9982
	85		0.9995		0.9995		0.9995		0.9995		0.9994		0.9994		0.9993		0.9993		0.9992		0.9992		0.9991		0.9990		0.9989		0.9988		0.9987		0.9985		0.9983

61

APPENDICES

Table M-1 (cont’d)

Consolidated Edison Retirement Plan

Option factors applicable to CECONY Weekly – 1 Participants –

75% Joint and Survivor Annuity Without Popup

		Age of Pensioner
		42		43		44		45		46		47		48		49		50		51		52		53		54		55		56		57		58
	25		0.9476		0.9435		0.9391		0.9345		0.9296		0.9244		0.9189		0.9131		0.9070		0.9006		0.8938		0.8866		0.8790		0.8710		0.8625		0.8535		0.8440
	26		0.9484		0.9443		0.9400		0.9354		0.9305		0.9253		0.9199		0.9141		0.9080		0.9016		0.8948		0.8876		0.8801		0.8721		0.8636		0.8546		0.8451
	27		0.9493		0.9452		0.9409		0.9363		0.9314		0.9263		0.9209		0.9151		0.9090		0.9026		0.8959		0.8887		0.8812		0.8732		0.8647		0.8558		0.8463
	28		0.9502		0.9461		0.9418		0.9373		0.9324		0.9273		0.9219		0.9162		0.9101		0.9038		0.8970		0.8899		0.8823		0.8744		0.8659		0.8570		0.8475
	29		0.9511		0.9471		0.9428		0.9383		0.9335		0.9284		0.9230		0.9173		0.9113		0.9049		0.8982		0.8911		0.8836		0.8756		0.8672		0.8583		0.8488
	30		0.9520		0.9481		0.9438		0.9393		0.9346		0.9295		0.9241		0.9185		0.9125		0.9062		0.8995		0.8924		0.8849		0.8769		0.8685		0.8596		0.8502
	31		0.9530		0.9491		0.9449		0.9404		0.9357		0.9307		0.9253		0.9197		0.9137		0.9074		0.9008		0.8937		0.8862		0.8783		0.8699		0.8610		0.8516
	32		0.9540		0.9501		0.9460		0.9416		0.9369		0.9319		0.9266		0.9210		0.9151		0.9088		0.9021		0.8951		0.8877		0.8798		0.8714		0.8625		0.8531
	33		0.9550		0.9512		0.9471		0.9427		0.9381		0.9331		0.9279		0.9223		0.9164		0.9102		0.9036		0.8966		0.8892		0.8813		0.8730		0.8641		0.8547
	34		0.9561		0.9523		0.9483		0.9439		0.9393		0.9344		0.9292		0.9237		0.9178		0.9117		0.9051		0.8981		0.8907		0.8829		0.8746		0.8658		0.8564
	35		0.9572		0.9534		0.9494		0.9452		0.9406		0.9357		0.9306		0.9251		0.9193		0.9132		0.9067		0.8997		0.8924		0.8846		0.8763		0.8675		0.8582
	36		0.9583		0.9546		0.9507		0.9464		0.9419		0.9371		0.9320		0.9266		0.9209		0.9148		0.9083		0.9014		0.8941		0.8863		0.8781		0.8693		0.8600
	37		0.9594		0.9558		0.9519		0.9477		0.9433		0.9386		0.9335		0.9281		0.9225		0.9164		0.9100		0.9032		0.8959		0.8882		0.8800		0.8713		0.8620
	38		0.9605		0.9570		0.9532		0.9491		0.9447		0.9400		0.9350		0.9297		0.9241		0.9181		0.9117		0.9050		0.8978		0.8901		0.8819		0.8733		0.8640
	39		0.9617		0.9582		0.9545		0.9504		0.9461		0.9415		0.9366		0.9314		0.9258		0.9199		0.9136		0.9069		0.8997		0.8921		0.8840		0.8754		0.8662
	40		0.9629		0.9595		0.9558		0.9518		0.9476		0.9431		0.9382		0.9330		0.9276		0.9217		0.9155		0.9088		0.9017		0.8942		0.8861		0.8776		0.8684
	41		0.9641		0.9607		0.9571		0.9532		0.9491		0.9446		0.9399		0.9348		0.9294		0.9236		0.9174		0.9108		0.9038		0.8963		0.8883		0.8798		0.8708
	42		0.9653		0.9620		0.9585		0.9547		0.9506		0.9462		0.9415		0.9365		0.9312		0.9255		0.9194		0.9129		0.9060		0.8986		0.8907		0.8822		0.8732
	43		0.9665		0.9633		0.9598		0.9561		0.9521		0.9478		0.9432		0.9383		0.9331		0.9275		0.9215		0.9151		0.9082		0.9009		0.8930		0.8847		0.8757
	44		0.9677		0.9646		0.9612		0.9576		0.9537		0.9495		0.9450		0.9402		0.9350		0.9295		0.9236		0.9173		0.9105		0.9033		0.8955		0.8872		0.8784
	45		0.9689		0.9658		0.9626		0.9591		0.9552		0.9511		0.9467		0.9420		0.9370		0.9316		0.9257		0.9195		0.9129		0.9057		0.8980		0.8898		0.8811
	46		0.9701		0.9671		0.9640		0.9605		0.9568		0.9528		0.9485		0.9439		0.9390		0.9336		0.9279		0.9218		0.9153		0.9082		0.9007		0.8926		0.8839
	47		0.9712		0.9684		0.9653		0.9620		0.9584		0.9545		0.9503		0.9458		0.9410		0.9358		0.9302		0.9242		0.9177		0.9108		0.9034		0.8954		0.8868
	48		0.9724		0.9697		0.9667		0.9635		0.9600		0.9562		0.9521		0.9477		0.9430		0.9379		0.9325		0.9266		0.9202		0.9134		0.9061		0.8982		0.8898
	49		0.9736		0.9709		0.9681		0.9649		0.9615		0.9579		0.9539		0.9496		0.9450		0.9401		0.9348		0.9290		0.9228		0.9161		0.9089		0.9012		0.8928
	50		0.9747		0.9722		0.9694		0.9664		0.9631		0.9596		0.9557		0.9516		0.9471		0.9423		0.9371		0.9315		0.9254		0.9188		0.9118		0.9042		0.8959
	51		0.9759		0.9734		0.9707		0.9678		0.9647		0.9612		0.9575		0.9535		0.9492		0.9445		0.9394		0.9339		0.9280		0.9216		0.9147		0.9072		0.8991
	52		0.9770		0.9746		0.9721		0.9693		0.9662		0.9629		0.9593		0.9554		0.9512		0.9467		0.9418		0.9364		0.9307		0.9244		0.9177		0.9103		0.9024
	53		0.9781		0.9758		0.9734		0.9707		0.9677		0.9645		0.9611		0.9573		0.9533		0.9489		0.9441		0.9390		0.9333		0.9273		0.9206		0.9135		0.9057
	54		0.9792		0.9770		0.9746		0.9721		0.9692		0.9662		0.9629		0.9592		0.9553		0.9511		0.9465		0.9415		0.9360		0.9301		0.9237		0.9167		0.9091
	55		0.9802		0.9781		0.9759		0.9734		0.9707		0.9678		0.9646		0.9611		0.9574		0.9533		0.9488		0.9440		0.9387		0.9330		0.9267		0.9199		0.9125

62

APPENDICES

Table M-1 (cont’d)

Consolidated Edison Retirement Plan

Option factors applicable to CECONY Weekly – 1 Participants –

75% Joint and Survivor Annuity Without Popup

		Age of Pensioner
		42		43		44		45		46		47		48		49		50		51		52		53		54		55		56		57		58
	56		0.9812		0.9793		0.9771		0.9748		0.9722		0.9694		0.9663		0.9630		0.9594		0.9555		0.9512		0.9465		0.9414		0.9359		0.9298		0.9232		0.9160
	57		0.9822		0.9804		0.9783		0.9761		0.9736		0.9709		0.9680		0.9648		0.9614		0.9576		0.9535		0.9490		0.9441		0.9388		0.9329		0.9265		0.9195
	58		0.9832		0.9814		0.9795		0.9774		0.9750		0.9725		0.9697		0.9667		0.9634		0.9597		0.9558		0.9515		0.9468		0.9416		0.9360		0.9298		0.9230
	59		0.9842		0.9825		0.9806		0.9786		0.9764		0.9740		0.9713		0.9684		0.9653		0.9618		0.9581		0.9540		0.9494		0.9445		0.9390		0.9331		0.9265
	60		0.9851		0.9835		0.9817		0.9798		0.9777		0.9754		0.9729		0.9702		0.9672		0.9639		0.9603		0.9564		0.9521		0.9473		0.9421		0.9364		0.9301
	61		0.9860		0.9845		0.9828		0.9810		0.9790		0.9768		0.9745		0.9719		0.9690		0.9659		0.9625		0.9588		0.9547		0.9501		0.9451		0.9396		0.9336
	62		0.9868		0.9854		0.9839		0.9822		0.9803		0.9782		0.9760		0.9735		0.9708		0.9679		0.9647		0.9611		0.9572		0.9529		0.9481		0.9428		0.9370
	63		0.9877		0.9863		0.9849		0.9833		0.9815		0.9796		0.9774		0.9751		0.9726		0.9698		0.9668		0.9634		0.9597		0.9556		0.9510		0.9460		0.9405
	64		0.9885		0.9872		0.9858		0.9843		0.9827		0.9809		0.9789		0.9767		0.9743		0.9717		0.9688		0.9656		0.9621		0.9582		0.9539		0.9491		0.9438
	65		0.9892		0.9881		0.9868		0.9854		0.9838		0.9821		0.9802		0.9782		0.9760		0.9735		0.9708		0.9678		0.9645		0.9608		0.9567		0.9522		0.9472
	66		0.9900		0.9889		0.9877		0.9863		0.9849		0.9833		0.9815		0.9796		0.9775		0.9752		0.9727		0.9699		0.9668		0.9633		0.9595		0.9552		0.9504
	67		0.9907		0.9896		0.9885		0.9873		0.9859		0.9844		0.9828		0.9810		0.9791		0.9769		0.9745		0.9719		0.9690		0.9657		0.9621		0.9581		0.9536
	68		0.9913		0.9904		0.9893		0.9882		0.9869		0.9855		0.9840		0.9823		0.9805		0.9785		0.9763		0.9738		0.9711		0.9681		0.9647		0.9609		0.9566
	69		0.9920		0.9911		0.9901		0.9890		0.9878		0.9866		0.9851		0.9836		0.9819		0.9800		0.9780		0.9757		0.9731		0.9703		0.9671		0.9635		0.9596
	70		0.9926		0.9918		0.9908		0.9898		0.9887		0.9875		0.9862		0.9848		0.9832		0.9815		0.9796		0.9774		0.9751		0.9724		0.9695		0.9661		0.9624
	71		0.9931		0.9924		0.9915		0.9906		0.9896		0.9885		0.9873		0.9859		0.9845		0.9829		0.9811		0.9791		0.9769		0.9745		0.9717		0.9686		0.9651
	72		0.9937		0.9930		0.9922		0.9913		0.9904		0.9894		0.9882		0.9870		0.9857		0.9842		0.9825		0.9807		0.9787		0.9764		0.9738		0.9710		0.9677
	73		0.9942		0.9935		0.9928		0.9920		0.9912		0.9902		0.9892		0.9880		0.9868		0.9854		0.9839		0.9822		0.9804		0.9783		0.9759		0.9732		0.9702
	74		0.9947		0.9941		0.9934		0.9927		0.9919		0.9910		0.9900		0.9890		0.9878		0.9866		0.9852		0.9837		0.9819		0.9800		0.9778		0.9753		0.9725
	75		0.9951		0.9946		0.9940		0.9933		0.9925		0.9917		0.9909		0.9899		0.9888		0.9877		0.9864		0.9850		0.9834		0.9816		0.9796		0.9774		0.9748
	76		0.9955		0.9950		0.9945		0.9938		0.9932		0.9924		0.9916		0.9907		0.9898		0.9887		0.9876		0.9863		0.9848		0.9832		0.9813		0.9792		0.9769
	77		0.9959		0.9955		0.9949		0.9944		0.9938		0.9931		0.9923		0.9915		0.9906		0.9897		0.9886		0.9874		0.9861		0.9846		0.9829		0.9810		0.9788
	78		0.9963		0.9959		0.9954		0.9949		0.9943		0.9937		0.9930		0.9923		0.9915		0.9906		0.9896		0.9885		0.9873		0.9859		0.9844		0.9827		0.9807
	79		0.9966		0.9962		0.9958		0.9953		0.9948		0.9942		0.9936		0.9929		0.9922		0.9914		0.9905		0.9895		0.9884		0.9872		0.9858		0.9842		0.9824
	80		0.9969		0.9966		0.9962		0.9957		0.9953		0.9947		0.9942		0.9936		0.9929		0.9922		0.9914		0.9905		0.9895		0.9883		0.9871		0.9856		0.9839
	81		0.9972		0.9969		0.9965		0.9961		0.9957		0.9952		0.9947		0.9941		0.9935		0.9929		0.9921		0.9913		0.9904		0.9894		0.9882		0.9869		0.9854
	82		0.9975		0.9972		0.9969		0.9965		0.9961		0.9957		0.9952		0.9947		0.9941		0.9935		0.9929		0.9921		0.9913		0.9904		0.9893		0.9881		0.9867
	83		0.9977		0.9975		0.9972		0.9968		0.9965		0.9961		0.9956		0.9952		0.9947		0.9941		0.9935		0.9929		0.9921		0.9913		0.9903		0.9892		0.9880
	84		0.9979		0.9977		0.9974		0.9971		0.9968		0.9964		0.9960		0.9956		0.9952		0.9947		0.9941		0.9935		0.9929		0.9921		0.9912		0.9903		0.9891
	85		0.9981		0.9979		0.9977		0.9974		0.9971		0.9968		0.9964		0.9960		0.9956		0.9952		0.9947		0.9942		0.9935		0.9929		0.9921		0.9912		0.9902

63

APPENDICES

Table M-1 (cont’d)

Consolidated Edison Retirement Plan

Option factors applicable to CECONY Weekly – 1 Participants –

75% Joint and Survivor Annuity Without Popup

		Age of Pensioner
		59		60		61		62		63		64		65		66		67		68		69		70		71		72		73		74		75
	25		0.8340		0.8234		0.8123		0.8006		0.7883		0.7755		0.7621		0.7482		0.7338		0.7189		0.7035		0.6877		0.6715		0.6549		0.6378		0.6204		0.6027
	26		0.8351		0.8245		0.8134		0.8017		0.7894		0.7766		0.7632		0.7493		0.7348		0.7199		0.7046		0.6888		0.6726		0.6559		0.6388		0.6214		0.6037
	27		0.8363		0.8257		0.8146		0.8029		0.7906		0.7777		0.7644		0.7504		0.7360		0.7211		0.7057		0.6899		0.6737		0.6570		0.6399		0.6225		0.6048
	28		0.8375		0.8269		0.8158		0.8041		0.7918		0.7790		0.7656		0.7517		0.7372		0.7223		0.7070		0.6911		0.6749		0.6582		0.6411		0.6236		0.6059
	29		0.8388		0.8283		0.8171		0.8054		0.7932		0.7803		0.7669		0.7530		0.7386		0.7236		0.7082		0.6924		0.6761		0.6594		0.6423		0.6249		0.6071
	30		0.8402		0.8296		0.8185		0.8068		0.7946		0.7817		0.7683		0.7544		0.7400		0.7250		0.7096		0.6938		0.6775		0.6608		0.6436		0.6262		0.6084
	31		0.8416		0.8311		0.8200		0.8083		0.7960		0.7832		0.7698		0.7559		0.7414		0.7265		0.7111		0.6952		0.6789		0.6622		0.6451		0.6275		0.6097
	32		0.8432		0.8327		0.8216		0.8099		0.7976		0.7848		0.7714		0.7575		0.7430		0.7281		0.7127		0.6968		0.6805		0.6637		0.6465		0.6290		0.6112
	33		0.8448		0.8343		0.8232		0.8115		0.7993		0.7865		0.7731		0.7591		0.7447		0.7297		0.7143		0.6984		0.6821		0.6653		0.6481		0.6306		0.6127
	34		0.8465		0.8360		0.8249		0.8133		0.8011		0.7882		0.7748		0.7609		0.7465		0.7315		0.7161		0.7002		0.6838		0.6670		0.6498		0.6323		0.6144
	35		0.8483		0.8378		0.8268		0.8151		0.8029		0.7901		0.7767		0.7628		0.7483		0.7334		0.7179		0.7020		0.6857		0.6689		0.6516		0.6340		0.6161
	36		0.8502		0.8397		0.8287		0.8171		0.8049		0.7921		0.7787		0.7648		0.7503		0.7354		0.7199		0.7040		0.6876		0.6708		0.6536		0.6359		0.6180
	37		0.8522		0.8418		0.8308		0.8192		0.8070		0.7942		0.7808		0.7669		0.7524		0.7375		0.7220		0.7061		0.6897		0.6729		0.6556		0.6379		0.6200
	38		0.8543		0.8439		0.8329		0.8213		0.8092		0.7964		0.7830		0.7691		0.7547		0.7397		0.7242		0.7083		0.6919		0.6751		0.6578		0.6401		0.6221
	39		0.8564		0.8461		0.8352		0.8236		0.8115		0.7987		0.7854		0.7715		0.7570		0.7421		0.7266		0.7107		0.6943		0.6774		0.6601		0.6424		0.6243
	40		0.8587		0.8484		0.8375		0.8260		0.8139		0.8012		0.7879		0.7740		0.7595		0.7446		0.7291		0.7132		0.6967		0.6798		0.6625		0.6448		0.6267
	41		0.8611		0.8509		0.8400		0.8285		0.8165		0.8038		0.7905		0.7766		0.7622		0.7472		0.7318		0.7158		0.6994		0.6825		0.6651		0.6474		0.6293
	42		0.8636		0.8534		0.8426		0.8312		0.8191		0.8065		0.7932		0.7794		0.7649		0.7500		0.7345		0.7186		0.7022		0.6852		0.6679		0.6501		0.6320
	43		0.8662		0.8561		0.8453		0.8340		0.8219		0.8093		0.7961		0.7823		0.7679		0.7529		0.7375		0.7215		0.7051		0.6882		0.6708		0.6530		0.6348
	44		0.8689		0.8588		0.8482		0.8368		0.8249		0.8123		0.7991		0.7853		0.7710		0.7560		0.7406		0.7246		0.7082		0.6913		0.6738		0.6560		0.6378
	45		0.8717		0.8617		0.8511		0.8399		0.8280		0.8154		0.8023		0.7885		0.7742		0.7593		0.7439		0.7279		0.7115		0.6945		0.6771		0.6592		0.6410
	46		0.8746		0.8647		0.8542		0.8430		0.8312		0.8187		0.8056		0.7919		0.7776		0.7627		0.7473		0.7314		0.7149		0.6980		0.6805		0.6626		0.6444
	47		0.8776		0.8678		0.8573		0.8462		0.8345		0.8221		0.8090		0.7954		0.7811		0.7663		0.7509		0.7350		0.7185		0.7016		0.6841		0.6662		0.6480
	48		0.8807		0.8710		0.8606		0.8496		0.8379		0.8256		0.8126		0.7990		0.7848		0.7700		0.7547		0.7388		0.7224		0.7054		0.6879		0.6700		0.6517
	49		0.8839		0.8743		0.8640		0.8531		0.8415		0.8293		0.8164		0.8029		0.7887		0.7740		0.7587		0.7428		0.7264		0.7094		0.6919		0.6740		0.6557
	50		0.8871		0.8776		0.8675		0.8567		0.8453		0.8331		0.8203		0.8068		0.7928		0.7781		0.7628		0.7470		0.7306		0.7136		0.6962		0.6782		0.6599
	51		0.8905		0.8811		0.8711		0.8605		0.8491		0.8371		0.8243		0.8110		0.7970		0.7823		0.7671		0.7513		0.7350		0.7181		0.7006		0.6827		0.6643
	52		0.8939		0.8847		0.8748		0.8643		0.8531		0.8411		0.8285		0.8153		0.8014		0.7868		0.7717		0.7559		0.7396		0.7227		0.7053		0.6873		0.6689
	53		0.8974		0.8883		0.8786		0.8682		0.8572		0.8454		0.8329		0.8197		0.8059		0.7915		0.7764		0.7607		0.7445		0.7276		0.7102		0.6922		0.6738
	54		0.9009		0.8921		0.8825		0.8723		0.8614		0.8497		0.8374		0.8244		0.8107		0.7963		0.7813		0.7657		0.7495		0.7327		0.7153		0.6974		0.6790
	55		0.9045		0.8959		0.8865		0.8765		0.8657		0.8542		0.8420		0.8292		0.8156		0.8014		0.7865		0.7710		0.7548		0.7381		0.7207		0.7028		0.6844

64

APPENDICES

Table M-1 (cont’d)

Consolidated Edison Retirement Plan

Option factors applicable to CECONY Weekly – 1 Participants –

75% Joint and Survivor Annuity Without Popup

		Age of Pensioner
		59		60		61		62		63		64		65		66		67		68		69		70		71		72		73		74		75
	56		0.9082		0.8997		0.8906		0.8807		0.8701		0.8588		0.8468		0.8341		0.8207		0.8066		0.7918		0.7764		0.7604		0.7437		0.7264		0.7085		0.6902
	57		0.9119		0.9036		0.8947		0.8850		0.8747		0.8636		0.8517		0.8392		0.8260		0.8120		0.7974		0.7821		0.7662		0.7496		0.7324		0.7145		0.6962
	58		0.9156		0.9076		0.8989		0.8894		0.8793		0.8684		0.8568		0.8444		0.8314		0.8176		0.8032		0.7880		0.7722		0.7557		0.7386		0.7208		0.7025
	59		0.9194		0.9116		0.9031		0.8939		0.8840		0.8733		0.8620		0.8498		0.8370		0.8234		0.8091		0.7941		0.7785		0.7621		0.7451		0.7274		0.7092
	60		0.9231		0.9156		0.9074		0.8984		0.8888		0.8784		0.8672		0.8553		0.8427		0.8293		0.8153		0.8005		0.7850		0.7687		0.7518		0.7343		0.7161
	61		0.9269		0.9196		0.9116		0.9030		0.8936		0.8834		0.8726		0.8609		0.8485		0.8354		0.8216		0.8070		0.7917		0.7756		0.7589		0.7414		0.7234
	62		0.9306		0.9236		0.9159		0.9075		0.8984		0.8886		0.8780		0.8666		0.8545		0.8416		0.8280		0.8137		0.7986		0.7827		0.7661		0.7488		0.7309
	63		0.9343		0.9276		0.9202		0.9121		0.9033		0.8937		0.8834		0.8724		0.8605		0.8480		0.8346		0.8205		0.8057		0.7900		0.7736		0.7565		0.7388
	64		0.9380		0.9315		0.9244		0.9166		0.9081		0.8989		0.8889		0.8782		0.8667		0.8544		0.8413		0.8275		0.8129		0.7975		0.7814		0.7645		0.7469
	65		0.9416		0.9354		0.9286		0.9211		0.9130		0.9041		0.8944		0.8840		0.8728		0.8609		0.8481		0.8346		0.8203		0.8052		0.7893		0.7726		0.7552
	66		0.9451		0.9392		0.9327		0.9256		0.9177		0.9092		0.8999		0.8898		0.8790		0.8674		0.8550		0.8418		0.8278		0.8130		0.7974		0.7809		0.7638
	67		0.9485		0.9429		0.9368		0.9299		0.9224		0.9142		0.9053		0.8956		0.8851		0.8739		0.8619		0.8491		0.8354		0.8209		0.8056		0.7895		0.7726
	68		0.9519		0.9466		0.9407		0.9342		0.9271		0.9192		0.9107		0.9013		0.8913		0.8804		0.8688		0.8563		0.8431		0.8289		0.8139		0.7981		0.7815
	69		0.9551		0.9501		0.9446		0.9384		0.9316		0.9241		0.9159		0.9070		0.8973		0.8869		0.8756		0.8636		0.8507		0.8370		0.8223		0.8069		0.7906
	70		0.9582		0.9535		0.9483		0.9425		0.9360		0.9289		0.9211		0.9126		0.9033		0.8933		0.8825		0.8708		0.8584		0.8450		0.8308		0.8157		0.7998
	71		0.9612		0.9568		0.9519		0.9464		0.9403		0.9336		0.9261		0.9180		0.9092		0.8996		0.8892		0.8780		0.8660		0.8531		0.8393		0.8246		0.8091
	72		0.9641		0.9599		0.9553		0.9502		0.9444		0.9381		0.9311		0.9234		0.9149		0.9058		0.8959		0.8851		0.8736		0.8611		0.8478		0.8335		0.8184
	73		0.9668		0.9630		0.9586		0.9538		0.9484		0.9424		0.9358		0.9285		0.9205		0.9118		0.9024		0.8921		0.8810		0.8691		0.8562		0.8424		0.8277
	74		0.9694		0.9658		0.9618		0.9573		0.9523		0.9466		0.9404		0.9335		0.9260		0.9177		0.9087		0.8990		0.8884		0.8769		0.8645		0.8512		0.8370
	75		0.9719		0.9685		0.9648		0.9606		0.9559		0.9507		0.9448		0.9384		0.9312		0.9234		0.9149		0.9056		0.8955		0.8846		0.8727		0.8600		0.8463
	76		0.9742		0.9711		0.9677		0.9638		0.9594		0.9545		0.9490		0.9430		0.9363		0.9289		0.9209		0.9121		0.9025		0.8921		0.8808		0.8685		0.8554
	77		0.9764		0.9735		0.9703		0.9667		0.9627		0.9581		0.9530		0.9474		0.9411		0.9342		0.9266		0.9184		0.9093		0.8994		0.8886		0.8769		0.8643
	78		0.9784		0.9758		0.9729		0.9695		0.9658		0.9615		0.9568		0.9515		0.9457		0.9392		0.9321		0.9243		0.9158		0.9064		0.8962		0.8850		0.8730
	79		0.9803		0.9779		0.9752		0.9721		0.9687		0.9648		0.9604		0.9555		0.9500		0.9440		0.9374		0.9300		0.9220		0.9131		0.9035		0.8929		0.8814
	80		0.9820		0.9799		0.9774		0.9746		0.9714		0.9678		0.9637		0.9592		0.9541		0.9485		0.9423		0.9355		0.9279		0.9196		0.9105		0.9004		0.8896
	81		0.9837		0.9817		0.9794		0.9768		0.9739		0.9706		0.9669		0.9627		0.9580		0.9528		0.9470		0.9406		0.9336		0.9257		0.9171		0.9077		0.8974
	82		0.9852		0.9834		0.9813		0.9789		0.9763		0.9732		0.9698		0.9659		0.9616		0.9568		0.9514		0.9455		0.9389		0.9316		0.9235		0.9146		0.9049
	83		0.9866		0.9849		0.9830		0.9809		0.9784		0.9756		0.9725		0.9689		0.9650		0.9605		0.9556		0.9500		0.9439		0.9371		0.9296		0.9213		0.9121
	84		0.9878		0.9864		0.9847		0.9827		0.9805		0.9779		0.9750		0.9718		0.9681		0.9640		0.9594		0.9544		0.9487		0.9424		0.9353		0.9276		0.9190
	85		0.9890		0.9877		0.9861		0.9844		0.9823		0.9800		0.9774		0.9744		0.9710		0.9673		0.9631		0.9584		0.9532		0.9473		0.9408		0.9335		0.9255

65

APPENDICES

Table M-2

Consolidated Edison Retirement Plan

Option factors applicable to CECONY Weekly – 1 Participants –

75% Joint and Survivor Annuity With Popup

		25		26		27		28		29		30		31		32		33		34		35		36		37		38		39		40		41
	25		0.9863		0.9852		0.9839		0.9826		0.9811		0.9795		0.9777		0.9759		0.9738		0.9717		0.9693		0.9668		0.9640		0.9611		0.9579		0.9546		0.9509
	26		0.9867		0.9856		0.9843		0.9830		0.9815		0.9799		0.9782		0.9764		0.9744		0.9722		0.9699		0.9674		0.9647		0.9618		0.9587		0.9553		0.9517
	27		0.9870		0.9859		0.9847		0.9834		0.9820		0.9804		0.9787		0.9769		0.9749		0.9728		0.9705		0.9680		0.9654		0.9625		0.9594		0.9560		0.9525
	28		0.9874		0.9863		0.9851		0.9838		0.9824		0.9809		0.9792		0.9775		0.9755		0.9734		0.9711		0.9687		0.9661		0.9632		0.9601		0.9568		0.9533
	29		0.9877		0.9867		0.9855		0.9842		0.9829		0.9814		0.9798		0.9780		0.9761		0.9740		0.9718		0.9694		0.9668		0.9639		0.9609		0.9576		0.9541
	30		0.9881		0.9870		0.9859		0.9847		0.9833		0.9819		0.9803		0.9785		0.9767		0.9746		0.9724		0.9701		0.9675		0.9647		0.9617		0.9585		0.9550
	31		0.9884		0.9874		0.9863		0.9851		0.9838		0.9824		0.9808		0.9791		0.9773		0.9753		0.9731		0.9708		0.9682		0.9655		0.9625		0.9593		0.9559
	32		0.9887		0.9878		0.9867		0.9855		0.9842		0.9828		0.9813		0.9797		0.9779		0.9759		0.9738		0.9715		0.9690		0.9663		0.9633		0.9602		0.9568
	33		0.9891		0.9881		0.9871		0.9859		0.9847		0.9833		0.9818		0.9802		0.9785		0.9765		0.9744		0.9722		0.9697		0.9671		0.9642		0.9611		0.9577
	34		0.9894		0.9885		0.9875		0.9864		0.9851		0.9838		0.9824		0.9808		0.9791		0.9772		0.9751		0.9729		0.9705		0.9679		0.9650		0.9620		0.9586
	35		0.9897		0.9888		0.9879		0.9868		0.9856		0.9843		0.9829		0.9813		0.9797		0.9778		0.9758		0.9736		0.9713		0.9687		0.9659		0.9629		0.9596
	36		0.9901		0.9892		0.9882		0.9872		0.9860		0.9848		0.9834		0.9819		0.9803		0.9785		0.9765		0.9744		0.9720		0.9695		0.9668		0.9638		0.9606
	37		0.9904		0.9895		0.9886		0.9876		0.9865		0.9853		0.9839		0.9825		0.9808		0.9791		0.9772		0.9751		0.9728		0.9704		0.9677		0.9647		0.9616
	38		0.9907		0.9899		0.9890		0.9880		0.9869		0.9857		0.9844		0.9830		0.9814		0.9797		0.9779		0.9758		0.9736		0.9712		0.9686		0.9657		0.9626
	39		0.9910		0.9902		0.9893		0.9884		0.9873		0.9862		0.9849		0.9836		0.9820		0.9804		0.9786		0.9766		0.9744		0.9720		0.9695		0.9666		0.9636
	40		0.9913		0.9905		0.9897		0.9888		0.9878		0.9867		0.9854		0.9841		0.9826		0.9810		0.9792		0.9773		0.9752		0.9729		0.9704		0.9676		0.9646
	41		0.9916		0.9909		0.9900		0.9892		0.9882		0.9871		0.9859		0.9846		0.9832		0.9816		0.9799		0.9780		0.9760		0.9737		0.9713		0.9686		0.9656
	42		0.9919		0.9912		0.9904		0.9895		0.9886		0.9876		0.9864		0.9851		0.9838		0.9822		0.9806		0.9788		0.9768		0.9746		0.9721		0.9695		0.9667
	43		0.9921		0.9915		0.9907		0.9899		0.9890		0.9880		0.9869		0.9857		0.9843		0.9829		0.9812		0.9795		0.9775		0.9754		0.9730		0.9705		0.9677
	44		0.9924		0.9918		0.9911		0.9903		0.9894		0.9884		0.9873		0.9862		0.9849		0.9835		0.9819		0.9802		0.9783		0.9762		0.9739		0.9714		0.9687
	45		0.9927		0.9921		0.9914		0.9906		0.9898		0.9888		0.9878		0.9867		0.9854		0.9840		0.9825		0.9809		0.9790		0.9770		0.9748		0.9724		0.9697
	46		0.9929		0.9923		0.9917		0.9909		0.9901		0.9892		0.9882		0.9872		0.9860		0.9846		0.9832		0.9816		0.9798		0.9778		0.9757		0.9733		0.9708
	47		0.9932		0.9926		0.9920		0.9913		0.9905		0.9896		0.9887		0.9876		0.9865		0.9852		0.9838		0.9822		0.9805		0.9786		0.9765		0.9743		0.9718
	48		0.9934		0.9929		0.9923		0.9916		0.9909		0.9900		0.9891		0.9881		0.9870		0.9857		0.9844		0.9829		0.9812		0.9794		0.9774		0.9752		0.9728
	49		0.9937		0.9932		0.9926		0.9919		0.9912		0.9904		0.9895		0.9886		0.9875		0.9863		0.9850		0.9835		0.9819		0.9802		0.9782		0.9761		0.9737
	50		0.9939		0.9934		0.9928		0.9922		0.9915		0.9908		0.9899		0.9890		0.9880		0.9868		0.9856		0.9842		0.9826		0.9809		0.9790		0.9770		0.9747
	51		0.9941		0.9937		0.9931		0.9925		0.9919		0.9911		0.9903		0.9894		0.9884		0.9873		0.9861		0.9848		0.9833		0.9817		0.9799		0.9779		0.9757
	52		0.9944		0.9939		0.9934		0.9928		0.9922		0.9915		0.9907		0.9898		0.9889		0.9878		0.9867		0.9854		0.9840		0.9824		0.9806		0.9787		0.9766
	53		0.9946		0.9941		0.9936		0.9931		0.9925		0.9918		0.9911		0.9903		0.9893		0.9883		0.9872		0.9860		0.9846		0.9831		0.9814		0.9796		0.9775
	54		0.9948		0.9944		0.9939		0.9934		0.9928		0.9922		0.9914		0.9907		0.9898		0.9888		0.9877		0.9866		0.9852		0.9838		0.9822		0.9804		0.9784
	55		0.9950		0.9946		0.9941		0.9936		0.9931		0.9925		0.9918		0.9910		0.9902		0.9893		0.9883		0.9871		0.9859		0.9845		0.9829		0.9812		0.9793

66

APPENDICES

Table M-2 (cont’d)

Consolidated Edison Retirement Plan

Option factors applicable to CECONY Weekly – 1 Participants –

75% Joint and Survivor Annuity With Popup

		Age of Pensioner
		25		26		27		28		29		30		31		32		33		34		35		36		37		38		39		40		41
	56		0.9952		0.9948		0.9944		0.9939		0.9934		0.9928		0.9921		0.9914		0.9906		0.9897		0.9887		0.9877		0.9865		0.9851		0.9836		0.9820		0.9801
	57		0.9954		0.9950		0.9946		0.9941		0.9936		0.9931		0.9925		0.9918		0.9910		0.9902		0.9892		0.9882		0.9870		0.9857		0.9843		0.9827		0.9810
	58		0.9956		0.9952		0.9948		0.9944		0.9939		0.9934		0.9928		0.9921		0.9914		0.9906		0.9897		0.9887		0.9876		0.9864		0.9850		0.9835		0.9818
	59		0.9957		0.9954		0.9950		0.9946		0.9942		0.9937		0.9931		0.9925		0.9918		0.9910		0.9901		0.9892		0.9881		0.9870		0.9856		0.9842		0.9826
	60		0.9959		0.9956		0.9953		0.9949		0.9944		0.9939		0.9934		0.9928		0.9921		0.9914		0.9906		0.9897		0.9887		0.9875		0.9863		0.9849		0.9833
	61		0.9961		0.9958		0.9955		0.9951		0.9947		0.9942		0.9937		0.9931		0.9925		0.9918		0.9910		0.9902		0.9892		0.9881		0.9869		0.9856		0.9841
	62		0.9963		0.9960		0.9956		0.9953		0.9949		0.9945		0.9940		0.9934		0.9928		0.9922		0.9914		0.9906		0.9897		0.9887		0.9875		0.9862		0.9848
	63		0.9964		0.9961		0.9958		0.9955		0.9951		0.9947		0.9943		0.9937		0.9932		0.9925		0.9918		0.9910		0.9902		0.9892		0.9881		0.9869		0.9855
	64		0.9966		0.9963		0.9960		0.9957		0.9953		0.9950		0.9945		0.9940		0.9935		0.9929		0.9922		0.9915		0.9906		0.9897		0.9886		0.9875		0.9862
	65		0.9967		0.9965		0.9962		0.9959		0.9956		0.9952		0.9948		0.9943		0.9938		0.9932		0.9926		0.9919		0.9911		0.9902		0.9892		0.9881		0.9868
	66		0.9969		0.9966		0.9964		0.9961		0.9958		0.9954		0.9950		0.9946		0.9941		0.9935		0.9929		0.9923		0.9915		0.9907		0.9897		0.9886		0.9875
	67		0.9970		0.9968		0.9965		0.9963		0.9960		0.9956		0.9953		0.9948		0.9944		0.9939		0.9933		0.9926		0.9919		0.9911		0.9902		0.9892		0.9881
	68		0.9971		0.9969		0.9967		0.9964		0.9961		0.9958		0.9955		0.9951		0.9946		0.9942		0.9936		0.9930		0.9923		0.9915		0.9907		0.9897		0.9887
	69		0.9972		0.9971		0.9968		0.9966		0.9963		0.9960		0.9957		0.9953		0.9949		0.9944		0.9939		0.9934		0.9927		0.9920		0.9912		0.9902		0.9892
	70		0.9974		0.9972		0.9970		0.9968		0.9965		0.9962		0.9959		0.9956		0.9952		0.9947		0.9942		0.9937		0.9931		0.9924		0.9916		0.9907		0.9898
	71		0.9975		0.9973		0.9971		0.9969		0.9967		0.9964		0.9961		0.9958		0.9954		0.9950		0.9945		0.9940		0.9934		0.9928		0.9920		0.9912		0.9903
	72		0.9976		0.9974		0.9973		0.9971		0.9968		0.9966		0.9963		0.9960		0.9956		0.9952		0.9948		0.9943		0.9938		0.9931		0.9924		0.9917		0.9908
	73		0.9977		0.9976		0.9974		0.9972		0.9970		0.9967		0.9965		0.9962		0.9959		0.9955		0.9951		0.9946		0.9941		0.9935		0.9928		0.9921		0.9913
	74		0.9978		0.9977		0.9975		0.9973		0.9971		0.9969		0.9967		0.9964		0.9961		0.9957		0.9953		0.9949		0.9944		0.9939		0.9932		0.9925		0.9917
	75		0.9979		0.9978		0.9976		0.9975		0.9973		0.9971		0.9968		0.9966		0.9963		0.9959		0.9956		0.9952		0.9947		0.9942		0.9936		0.9929		0.9922
	76		0.9980		0.9979		0.9977		0.9976		0.9974		0.9972		0.9970		0.9967		0.9965		0.9962		0.9958		0.9954		0.9950		0.9945		0.9939		0.9933		0.9926
	77		0.9981		0.9980		0.9979		0.9977		0.9975		0.9974		0.9971		0.9969		0.9967		0.9964		0.9960		0.9957		0.9953		0.9948		0.9943		0.9937		0.9930
	78		0.9982		0.9981		0.9980		0.9978		0.9977		0.9975		0.9973		0.9971		0.9968		0.9966		0.9963		0.9959		0.9955		0.9951		0.9946		0.9940		0.9934
	79		0.9983		0.9982		0.9981		0.9979		0.9978		0.9976		0.9974		0.9972		0.9970		0.9967		0.9965		0.9961		0.9958		0.9954		0.9949		0.9943		0.9937
	80		0.9984		0.9983		0.9982		0.9980		0.9979		0.9977		0.9976		0.9974		0.9972		0.9969		0.9967		0.9964		0.9960		0.9956		0.9952		0.9947		0.9941
	81		0.9984		0.9984		0.9982		0.9981		0.9980		0.9979		0.9977		0.9975		0.9973		0.9971		0.9968		0.9966		0.9962		0.9959		0.9954		0.9950		0.9944
	82		0.9985		0.9984		0.9983		0.9982		0.9981		0.9980		0.9978		0.9976		0.9975		0.9972		0.9970		0.9968		0.9965		0.9961		0.9957		0.9952		0.9947
	83		0.9986		0.9985		0.9984		0.9983		0.9982		0.9981		0.9979		0.9978		0.9976		0.9974		0.9972		0.9969		0.9967		0.9963		0.9960		0.9955		0.9950
	84		0.9987		0.9986		0.9985		0.9984		0.9983		0.9982		0.9980		0.9979		0.9977		0.9975		0.9973		0.9971		0.9968		0.9965		0.9962		0.9958		0.9953
	85		0.9987		0.9987		0.9986		0.9985		0.9984		0.9983		0.9981		0.9980		0.9979		0.9977		0.9975		0.9973		0.9970		0.9967		0.9964		0.9960		0.9956

67

APPENDICES

Table M-2 (cont’d)

Consolidated Edison Retirement Plan

Option factors applicable to CECONY Weekly – 1 Participants –

75% Joint and Survivor Annuity With Popup

		Age of Pensioner
		42		43		44		45		46		47		48		49		50		51		52		53		54		55		56		57		58
	25		0.9471		0.9429		0.9386		0.9339		0.9290		0.9237		0.9182		0.9124		0.9063		0.8999		0.8931		0.8859		0.8783		0.8702		0.8617		0.8528		0.8433
	26		0.9478		0.9437		0.9394		0.9347		0.9298		0.9246		0.9191		0.9134		0.9073		0.9008		0.8940		0.8869		0.8793		0.8712		0.8628		0.8538		0.8443
	27		0.9487		0.9446		0.9402		0.9356		0.9307		0.9256		0.9201		0.9143		0.9082		0.9018		0.8951		0.8879		0.8803		0.8723		0.8638		0.8549		0.8454
	28		0.9495		0.9454		0.9411		0.9365		0.9317		0.9265		0.9211		0.9153		0.9093		0.9029		0.8961		0.8890		0.8814		0.8734		0.8650		0.8560		0.8465
	29		0.9504		0.9463		0.9421		0.9375		0.9327		0.9275		0.9221		0.9164		0.9104		0.9040		0.8972		0.8901		0.8826		0.8746		0.8662		0.8572		0.8478
	30		0.9513		0.9473		0.9430		0.9385		0.9337		0.9286		0.9232		0.9175		0.9115		0.9051		0.8984		0.8913		0.8838		0.8758		0.8674		0.8585		0.8490
	31		0.9522		0.9482		0.9440		0.9395		0.9347		0.9297		0.9243		0.9187		0.9127		0.9063		0.8997		0.8926		0.8851		0.8771		0.8687		0.8598		0.8504
	32		0.9531		0.9492		0.9450		0.9406		0.9358		0.9308		0.9255		0.9199		0.9139		0.9076		0.9009		0.8939		0.8864		0.8785		0.8701		0.8612		0.8518
	33		0.9541		0.9502		0.9461		0.9417		0.9370		0.9320		0.9267		0.9211		0.9152		0.9089		0.9023		0.8953		0.8878		0.8799		0.8716		0.8627		0.8533
	34		0.9551		0.9512		0.9472		0.9428		0.9381		0.9332		0.9279		0.9224		0.9165		0.9103		0.9037		0.8967		0.8893		0.8814		0.8731		0.8642		0.8549
	35		0.9561		0.9523		0.9483		0.9439		0.9393		0.9344		0.9292		0.9237		0.9179		0.9117		0.9051		0.8982		0.8908		0.8830		0.8747		0.8658		0.8565
	36		0.9571		0.9534		0.9494		0.9451		0.9406		0.9357		0.9306		0.9251		0.9193		0.9132		0.9066		0.8997		0.8924		0.8846		0.8763		0.8675		0.8582
	37		0.9582		0.9545		0.9505		0.9463		0.9418		0.9370		0.9319		0.9265		0.9208		0.9147		0.9082		0.9013		0.8940		0.8863		0.8780		0.8693		0.8600
	38		0.9592		0.9556		0.9517		0.9476		0.9431		0.9384		0.9333		0.9280		0.9223		0.9162		0.9098		0.9030		0.8958		0.8880		0.8798		0.8711		0.8619
	39		0.9603		0.9567		0.9529		0.9488		0.9444		0.9398		0.9348		0.9295		0.9238		0.9179		0.9115		0.9047		0.8975		0.8899		0.8817		0.8731		0.8638
	40		0.9614		0.9579		0.9541		0.9501		0.9458		0.9412		0.9362		0.9310		0.9254		0.9195		0.9132		0.9065		0.8994		0.8918		0.8837		0.8750		0.8659
	41		0.9625		0.9591		0.9554		0.9514		0.9471		0.9426		0.9377		0.9326		0.9271		0.9212		0.9150		0.9083		0.9013		0.8937		0.8857		0.8771		0.8680
	42		0.9636		0.9602		0.9566		0.9527		0.9485		0.9441		0.9393		0.9342		0.9288		0.9230		0.9168		0.9102		0.9032		0.8957		0.8878		0.8793		0.8702
	43		0.9647		0.9614		0.9578		0.9540		0.9499		0.9455		0.9408		0.9358		0.9305		0.9248		0.9187		0.9122		0.9052		0.8978		0.8899		0.8815		0.8725
	44		0.9658		0.9626		0.9591		0.9554		0.9513		0.9470		0.9424		0.9375		0.9322		0.9266		0.9206		0.9142		0.9073		0.9000		0.8921		0.8838		0.8748
	45		0.9669		0.9637		0.9603		0.9567		0.9528		0.9485		0.9440		0.9392		0.9340		0.9284		0.9225		0.9162		0.9094		0.9022		0.8944		0.8861		0.8773
	46		0.9680		0.9649		0.9616		0.9580		0.9542		0.9500		0.9456		0.9409		0.9358		0.9303		0.9245		0.9183		0.9116		0.9044		0.8967		0.8885		0.8798
	47		0.9690		0.9661		0.9628		0.9594		0.9556		0.9516		0.9472		0.9426		0.9376		0.9322		0.9265		0.9204		0.9138		0.9067		0.8991		0.8910		0.8823
	48		0.9701		0.9672		0.9641		0.9607		0.9570		0.9531		0.9488		0.9443		0.9394		0.9342		0.9285		0.9225		0.9160		0.9091		0.9016		0.8936		0.8850
	49		0.9712		0.9684		0.9653		0.9620		0.9584		0.9546		0.9505		0.9460		0.9412		0.9361		0.9306		0.9247		0.9183		0.9115		0.9041		0.8962		0.8877
	50		0.9722		0.9695		0.9665		0.9633		0.9599		0.9561		0.9521		0.9478		0.9431		0.9381		0.9327		0.9269		0.9206		0.9139		0.9066		0.8988		0.8905
	51		0.9733		0.9706		0.9678		0.9646		0.9613		0.9576		0.9537		0.9495		0.9449		0.9400		0.9348		0.9291		0.9230		0.9163		0.9092		0.9016		0.8933
	52		0.9743		0.9717		0.9689		0.9659		0.9627		0.9591		0.9553		0.9512		0.9468		0.9420		0.9369		0.9313		0.9253		0.9188		0.9118		0.9043		0.8962
	53		0.9753		0.9728		0.9701		0.9672		0.9640		0.9606		0.9569		0.9529		0.9486		0.9440		0.9390		0.9335		0.9277		0.9213		0.9145		0.9071		0.8991
	54		0.9762		0.9739		0.9713		0.9685		0.9654		0.9621		0.9585		0.9546		0.9505		0.9459		0.9411		0.9358		0.9301		0.9239		0.9172		0.9099		0.9021
	55		0.9772		0.9749		0.9724		0.9697		0.9667		0.9635		0.9601		0.9563		0.9523		0.9479		0.9432		0.9380		0.9324		0.9264		0.9199		0.9128		0.9051

68

APPENDICES

Table M-2 (cont’d)

Consolidated Edison Retirement Plan

Option factors applicable to CECONY Weekly – 1 Participants –

75% Joint and Survivor Annuity With Popup

		Age of Pensioner
		42		43		44		45		46		47		48		49		50		51		52		53		54		55		56		57		58
	56		0.9781		0.9759		0.9735		0.9709		0.9680		0.9650		0.9616		0.9580		0.9541		0.9498		0.9452		0.9402		0.9348		0.9289		0.9226		0.9156		0.9081
	57		0.9791		0.9769		0.9746		0.9721		0.9693		0.9664		0.9631		0.9596		0.9558		0.9517		0.9473		0.9425		0.9372		0.9315		0.9253		0.9185		0.9112
	58		0.9799		0.9779		0.9757		0.9732		0.9706		0.9677		0.9646		0.9612		0.9576		0.9536		0.9493		0.9447		0.9396		0.9340		0.9280		0.9214		0.9142
	59		0.9808		0.9789		0.9767		0.9744		0.9718		0.9691		0.9661		0.9628		0.9593		0.9555		0.9513		0.9468		0.9419		0.9365		0.9306		0.9242		0.9173
	60		0.9816		0.9798		0.9777		0.9755		0.9730		0.9704		0.9675		0.9644		0.9610		0.9573		0.9533		0.9490		0.9442		0.9390		0.9333		0.9271		0.9203
	61		0.9825		0.9807		0.9787		0.9765		0.9742		0.9717		0.9689		0.9659		0.9627		0.9591		0.9553		0.9511		0.9465		0.9414		0.9359		0.9299		0.9233
	62		0.9833		0.9815		0.9796		0.9776		0.9753		0.9729		0.9703		0.9674		0.9643		0.9609		0.9572		0.9531		0.9487		0.9439		0.9385		0.9327		0.9263
	63		0.9840		0.9824		0.9806		0.9786		0.9764		0.9741		0.9716		0.9688		0.9658		0.9626		0.9590		0.9552		0.9509		0.9462		0.9411		0.9355		0.9293
	64		0.9848		0.9832		0.9815		0.9796		0.9775		0.9753		0.9729		0.9702		0.9674		0.9643		0.9609		0.9571		0.9531		0.9486		0.9436		0.9382		0.9322
	65		0.9855		0.9840		0.9823		0.9805		0.9785		0.9764		0.9741		0.9716		0.9689		0.9659		0.9626		0.9591		0.9552		0.9509		0.9461		0.9409		0.9351
	66		0.9862		0.9847		0.9831		0.9814		0.9795		0.9775		0.9753		0.9729		0.9703		0.9675		0.9643		0.9609		0.9572		0.9531		0.9485		0.9435		0.9380
	67		0.9868		0.9855		0.9840		0.9823		0.9805		0.9786		0.9765		0.9742		0.9717		0.9690		0.9660		0.9628		0.9592		0.9552		0.9509		0.9461		0.9407
	68		0.9875		0.9862		0.9847		0.9832		0.9814		0.9796		0.9776		0.9754		0.9730		0.9704		0.9676		0.9645		0.9611		0.9573		0.9532		0.9486		0.9435
	69		0.9881		0.9868		0.9855		0.9840		0.9823		0.9806		0.9787		0.9766		0.9743		0.9719		0.9692		0.9662		0.9630		0.9594		0.9554		0.9510		0.9461
	70		0.9887		0.9875		0.9862		0.9848		0.9832		0.9815		0.9797		0.9777		0.9756		0.9732		0.9707		0.9679		0.9648		0.9614		0.9576		0.9534		0.9487
	71		0.9892		0.9881		0.9869		0.9855		0.9840		0.9824		0.9807		0.9788		0.9768		0.9746		0.9721		0.9695		0.9665		0.9633		0.9597		0.9556		0.9512
	72		0.9898		0.9887		0.9875		0.9862		0.9848		0.9833		0.9816		0.9799		0.9779		0.9758		0.9735		0.9710		0.9682		0.9651		0.9617		0.9579		0.9536
	73		0.9903		0.9893		0.9882		0.9869		0.9856		0.9841		0.9826		0.9809		0.9790		0.9770		0.9749		0.9725		0.9698		0.9669		0.9636		0.9600		0.9559
	74		0.9908		0.9899		0.9888		0.9876		0.9863		0.9849		0.9835		0.9818		0.9801		0.9782		0.9762		0.9739		0.9714		0.9686		0.9655		0.9620		0.9582
	75		0.9913		0.9904		0.9894		0.9882		0.9870		0.9857		0.9843		0.9828		0.9811		0.9793		0.9774		0.9752		0.9729		0.9702		0.9673		0.9640		0.9603
	76		0.9918		0.9909		0.9899		0.9889		0.9877		0.9865		0.9851		0.9837		0.9821		0.9804		0.9786		0.9765		0.9743		0.9718		0.9690		0.9659		0.9624
	77		0.9922		0.9914		0.9905		0.9894		0.9883		0.9872		0.9859		0.9845		0.9830		0.9814		0.9797		0.9778		0.9756		0.9733		0.9707		0.9677		0.9644
	78		0.9926		0.9918		0.9910		0.9900		0.9890		0.9878		0.9866		0.9853		0.9839		0.9824		0.9808		0.9789		0.9769		0.9747		0.9722		0.9695		0.9663
	79		0.9930		0.9923		0.9915		0.9905		0.9895		0.9885		0.9873		0.9861		0.9848		0.9833		0.9818		0.9801		0.9782		0.9761		0.9737		0.9711		0.9682
	80		0.9934		0.9927		0.9919		0.9910		0.9901		0.9891		0.9880		0.9868		0.9856		0.9842		0.9827		0.9811		0.9794		0.9774		0.9752		0.9727		0.9699
	81		0.9938		0.9931		0.9924		0.9915		0.9906		0.9897		0.9886		0.9875		0.9863		0.9851		0.9837		0.9822		0.9805		0.9786		0.9765		0.9742		0.9716
	82		0.9942		0.9935		0.9928		0.9920		0.9912		0.9902		0.9893		0.9882		0.9871		0.9859		0.9846		0.9831		0.9816		0.9798		0.9779		0.9757		0.9732
	83		0.9945		0.9939		0.9932		0.9925		0.9916		0.9908		0.9898		0.9889		0.9878		0.9867		0.9854		0.9841		0.9826		0.9809		0.9791		0.9770		0.9747
	84		0.9948		0.9942		0.9936		0.9929		0.9921		0.9913		0.9904		0.9895		0.9885		0.9874		0.9862		0.9850		0.9836		0.9820		0.9803		0.9784		0.9762
	85		0.9951		0.9946		0.9940		0.9933		0.9926		0.9918		0.9910		0.9901		0.9891		0.9881		0.9870		0.9858		0.9845		0.9831		0.9814		0.9796		0.9775

69

APPENDICES

Table M-2 (cont’d)

Consolidated Edison Retirement Plan

Option factors applicable to CECONY Weekly – 1 Participants –

75% Joint and Survivor Annuity With Popup

		Age of Pensioner
		59		60		61		62		63		64		65		66		67		68		69		70		71		72		73		74		75
	25		0.8332		0.8226		0.8115		0.7998		0.7875		0.7747		0.7613		0.7474		0.7330		0.7181		0.7028		0.6870		0.6708		0.6541		0.6371		0.6197		0.6021
	26		0.8343		0.8237		0.8125		0.8008		0.7886		0.7757		0.7623		0.7484		0.7340		0.7191		0.7038		0.6880		0.6718		0.6551		0.6381		0.6207		0.6030
	27		0.8354		0.8248		0.8137		0.8019		0.7897		0.7768		0.7634		0.7495		0.7351		0.7202		0.7049		0.6891		0.6728		0.6562		0.6391		0.6217		0.6040
	28		0.8365		0.8260		0.8148		0.8031		0.7908		0.7780		0.7646		0.7507		0.7363		0.7214		0.7060		0.6902		0.6740		0.6573		0.6402		0.6228		0.6051
	29		0.8378		0.8272		0.8161		0.8044		0.7921		0.7792		0.7659		0.7519		0.7375		0.7226		0.7072		0.6914		0.6752		0.6585		0.6414		0.6240		0.6062
	30		0.8390		0.8285		0.8174		0.8057		0.7934		0.7806		0.7672		0.7533		0.7388		0.7239		0.7085		0.6927		0.6764		0.6598		0.6427		0.6252		0.6074
	31		0.8404		0.8299		0.8188		0.8071		0.7948		0.7820		0.7686		0.7547		0.7402		0.7253		0.7099		0.6941		0.6778		0.6611		0.6440		0.6265		0.6087
	32		0.8418		0.8313		0.8202		0.8085		0.7963		0.7834		0.7701		0.7561		0.7417		0.7268		0.7114		0.6955		0.6792		0.6625		0.6454		0.6279		0.6101
	33		0.8433		0.8328		0.8217		0.8101		0.7978		0.7850		0.7716		0.7577		0.7432		0.7283		0.7129		0.6971		0.6808		0.6640		0.6469		0.6294		0.6115
	34		0.8449		0.8344		0.8234		0.8117		0.7995		0.7866		0.7733		0.7593		0.7449		0.7300		0.7146		0.6987		0.6824		0.6656		0.6485		0.6309		0.6131
	35		0.8466		0.8361		0.8251		0.8134		0.8012		0.7884		0.7750		0.7611		0.7466		0.7317		0.7163		0.7004		0.6841		0.6673		0.6501		0.6326		0.6147
	36		0.8483		0.8379		0.8268		0.8152		0.8030		0.7902		0.7768		0.7629		0.7485		0.7335		0.7181		0.7022		0.6859		0.6691		0.6519		0.6343		0.6165
	37		0.8502		0.8397		0.8287		0.8171		0.8049		0.7921		0.7788		0.7649		0.7504		0.7355		0.7201		0.7042		0.6878		0.6710		0.6538		0.6362		0.6183
	38		0.8521		0.8417		0.8307		0.8191		0.8069		0.7941		0.7808		0.7669		0.7525		0.7375		0.7221		0.7062		0.6898		0.6730		0.6558		0.6382		0.6202
	39		0.8541		0.8437		0.8327		0.8212		0.8090		0.7963		0.7829		0.7690		0.7546		0.7397		0.7243		0.7084		0.6920		0.6752		0.6579		0.6403		0.6223
	40		0.8561		0.8458		0.8349		0.8234		0.8112		0.7985		0.7852		0.7713		0.7569		0.7419		0.7265		0.7106		0.6942		0.6774		0.6601		0.6425		0.6245
	41		0.8583		0.8480		0.8371		0.8256		0.8135		0.8008		0.7875		0.7737		0.7593		0.7443		0.7289		0.7130		0.6966		0.6798		0.6625		0.6448		0.6268
	42		0.8605		0.8503		0.8395		0.8280		0.8159		0.8033		0.7900		0.7762		0.7618		0.7468		0.7314		0.7155		0.6991		0.6823		0.6650		0.6473		0.6292
	43		0.8629		0.8527		0.8419		0.8305		0.8185		0.8058		0.7926		0.7788		0.7644		0.7495		0.7341		0.7182		0.7018		0.6849		0.6676		0.6499		0.6318
	44		0.8653		0.8552		0.8444		0.8331		0.8211		0.8085		0.7953		0.7815		0.7671		0.7522		0.7368		0.7209		0.7046		0.6877		0.6704		0.6526		0.6345
	45		0.8678		0.8577		0.8471		0.8358		0.8238		0.8113		0.7981		0.7843		0.7700		0.7551		0.7398		0.7239		0.7075		0.6906		0.6733		0.6555		0.6374
	46		0.8704		0.8604		0.8498		0.8385		0.8267		0.8142		0.8010		0.7873		0.7730		0.7582		0.7428		0.7269		0.7105		0.6937		0.6763		0.6585		0.6404
	47		0.8730		0.8631		0.8526		0.8414		0.8296		0.8172		0.8041		0.7904		0.7762		0.7613		0.7460		0.7301		0.7138		0.6969		0.6795		0.6617		0.6436
	48		0.8758		0.8660		0.8555		0.8444		0.8327		0.8203		0.8073		0.7937		0.7794		0.7647		0.7493		0.7335		0.7171		0.7003		0.6829		0.6651		0.6469
	49		0.8786		0.8689		0.8585		0.8475		0.8359		0.8235		0.8106		0.7970		0.7829		0.7681		0.7528		0.7370		0.7207		0.7038		0.6865		0.6686		0.6505
	50		0.8815		0.8719		0.8616		0.8507		0.8391		0.8269		0.8140		0.8005		0.7864		0.7717		0.7565		0.7407		0.7244		0.7075		0.6902		0.6724		0.6542
	51		0.8844		0.8749		0.8648		0.8540		0.8425		0.8304		0.8176		0.8042		0.7901		0.7755		0.7603		0.7446		0.7283		0.7114		0.6941		0.6763		0.6581
	52		0.8874		0.8781		0.8680		0.8574		0.8460		0.8340		0.8213		0.8079		0.7940		0.7794		0.7643		0.7486		0.7323		0.7155		0.6982		0.6804		0.6622
	53		0.8905		0.8813		0.8714		0.8608		0.8496		0.8376		0.8250		0.8118		0.7979		0.7835		0.7684		0.7528		0.7365		0.7198		0.7025		0.6847		0.6665
	54		0.8936		0.8845		0.8748		0.8643		0.8532		0.8414		0.8290		0.8158		0.8021		0.7877		0.7727		0.7571		0.7410		0.7242		0.7070		0.6892		0.6710
	55		0.8968		0.8878		0.8782		0.8680		0.8570		0.8453		0.8330		0.8200		0.8063		0.7920		0.7771		0.7616		0.7455		0.7289		0.7117		0.6939		0.6757

70

APPENDICES

Table M-2 (cont’d)

Consolidated Edison Retirement Plan

Option factors applicable to CECONY Weekly – 1 Participants –

75% Joint and Survivor Annuity With Popup

		Age of Pensioner
		59		60		61		62		63		64		65		66		67		68		69		70		71		72		73		74		75
	56		0.9000		0.8912		0.8818		0.8716		0.8608		0.8493		0.8371		0.8242		0.8107		0.7965		0.7817		0.7663		0.7503		0.7337		0.7165		0.6988		0.6807
	57		0.9032		0.8946		0.8853		0.8754		0.8647		0.8533		0.8413		0.8286		0.8152		0.8011		0.7865		0.7712		0.7552		0.7387		0.7216		0.7040		0.6858
	58		0.9064		0.8980		0.8889		0.8791		0.8687		0.8575		0.8456		0.8330		0.8198		0.8059		0.7913		0.7762		0.7603		0.7439		0.7269		0.7093		0.6912
	59		0.9097		0.9014		0.8925		0.8830		0.8727		0.8617		0.8500		0.8376		0.8245		0.8107		0.7963		0.7813		0.7656		0.7493		0.7323		0.7148		0.6968
	60		0.9129		0.9049		0.8962		0.8868		0.8767		0.8659		0.8544		0.8422		0.8293		0.8157		0.8015		0.7866		0.7710		0.7548		0.7380		0.7206		0.7026
	61		0.9161		0.9083		0.8998		0.8907		0.8808		0.8702		0.8589		0.8469		0.8342		0.8208		0.8067		0.7920		0.7766		0.7605		0.7438		0.7265		0.7086
	62		0.9194		0.9118		0.9035		0.8945		0.8849		0.8745		0.8634		0.8516		0.8391		0.8259		0.8120		0.7975		0.7823		0.7663		0.7498		0.7326		0.7148
	63		0.9225		0.9152		0.9071		0.8984		0.8890		0.8788		0.8680		0.8564		0.8441		0.8311		0.8175		0.8031		0.7881		0.7723		0.7559		0.7388		0.7212
	64		0.9257		0.9185		0.9107		0.9022		0.8930		0.8831		0.8725		0.8612		0.8491		0.8364		0.8229		0.8088		0.7940		0.7784		0.7622		0.7452		0.7277
	65		0.9288		0.9219		0.9143		0.9061		0.8971		0.8875		0.8771		0.8660		0.8542		0.8417		0.8285		0.8146		0.7999		0.7846		0.7685		0.7518		0.7345
	66		0.9319		0.9252		0.9178		0.9098		0.9012		0.8918		0.8817		0.8708		0.8593		0.8470		0.8341		0.8204		0.8060		0.7909		0.7750		0.7585		0.7413
	67		0.9349		0.9284		0.9213		0.9136		0.9052		0.8960		0.8862		0.8756		0.8644		0.8524		0.8397		0.8263		0.8121		0.7972		0.7816		0.7653		0.7483
	68		0.9378		0.9316		0.9248		0.9173		0.9091		0.9003		0.8907		0.8804		0.8694		0.8577		0.8453		0.8322		0.8183		0.8036		0.7883		0.7721		0.7554
	69		0.9407		0.9347		0.9281		0.9209		0.9130		0.9044		0.8951		0.8852		0.8745		0.8631		0.8509		0.8381		0.8245		0.8101		0.7950		0.7791		0.7626
	70		0.9435		0.9377		0.9314		0.9244		0.9168		0.9085		0.8995		0.8899		0.8795		0.8684		0.8565		0.8440		0.8307		0.8166		0.8017		0.7861		0.7698
	71		0.9462		0.9407		0.9346		0.9279		0.9206		0.9126		0.9039		0.8945		0.8844		0.8736		0.8621		0.8498		0.8368		0.8231		0.8085		0.7932		0.7772
	72		0.9488		0.9436		0.9377		0.9313		0.9242		0.9165		0.9081		0.8991		0.8893		0.8788		0.8676		0.8557		0.8430		0.8295		0.8153		0.8003		0.7845
	73		0.9514		0.9464		0.9408		0.9346		0.9278		0.9204		0.9123		0.9035		0.8941		0.8839		0.8731		0.8615		0.8491		0.8360		0.8221		0.8074		0.7919
	74		0.9539		0.9491		0.9437		0.9378		0.9313		0.9242		0.9164		0.9079		0.8988		0.8890		0.8784		0.8672		0.8552		0.8424		0.8288		0.8144		0.7993
	75		0.9562		0.9517		0.9466		0.9409		0.9347		0.9278		0.9203		0.9122		0.9034		0.8939		0.8837		0.8728		0.8612		0.8487		0.8355		0.8214		0.8066
	76		0.9585		0.9542		0.9493		0.9439		0.9379		0.9314		0.9242		0.9164		0.9079		0.8987		0.8889		0.8783		0.8670		0.8550		0.8421		0.8284		0.8139
	77		0.9607		0.9566		0.9520		0.9468		0.9411		0.9348		0.9279		0.9204		0.9123		0.9034		0.8939		0.8838		0.8728		0.8611		0.8486		0.8353		0.8212
	78		0.9628		0.9589		0.9545		0.9496		0.9441		0.9381		0.9315		0.9243		0.9165		0.9080		0.8989		0.8890		0.8785		0.8671		0.8550		0.8420		0.8283
	79		0.9648		0.9611		0.9569		0.9523		0.9471		0.9413		0.9350		0.9281		0.9206		0.9125		0.9037		0.8942		0.8840		0.8730		0.8613		0.8487		0.8354
	80		0.9668		0.9632		0.9593		0.9548		0.9499		0.9444		0.9384		0.9318		0.9246		0.9168		0.9084		0.8992		0.8894		0.8788		0.8674		0.8553		0.8423
	81		0.9686		0.9653		0.9615		0.9573		0.9526		0.9474		0.9417		0.9353		0.9285		0.9210		0.9129		0.9041		0.8947		0.8845		0.8735		0.8617		0.8491
	82		0.9704		0.9672		0.9636		0.9597		0.9552		0.9503		0.9448		0.9388		0.9322		0.9250		0.9173		0.9089		0.8998		0.8900		0.8794		0.8680		0.8558
	83		0.9721		0.9691		0.9657		0.9619		0.9577		0.9530		0.9478		0.9421		0.9358		0.9290		0.9216		0.9135		0.9048		0.8954		0.8852		0.8742		0.8624
	84		0.9737		0.9709		0.9677		0.9641		0.9601		0.9556		0.9507		0.9453		0.9393		0.9328		0.9257		0.9180		0.9097		0.9006		0.8908		0.8802		0.8689
	85		0.9752		0.9726		0.9696		0.9662		0.9624		0.9582		0.9535		0.9483		0.9427		0.9365		0.9297		0.9224		0.9144		0.9058		0.8963		0.8862		0.8753

71

Sub appendix A. 2

TABLE A

O&R Participants

Joint and 100% Survivor Option Factors

without Pop-Up

Distributions beginning

before July 1, 2004

This Table A is no longer current;

Table A factors were applied to pension allowance distributions on or before July 1, 2004

See prior Retirement Plan for historical factors

See updated tables below

72

Sub appendix A. 2

TABLE B

O&R Participants

Joint and 50% Survivor Option Factors without Pop-Up

Distributions beginning

before July 1, 2004

This Table B is no longer current;

Table B factors were applied to pension allowance distributions on or before July 1, 2004

See prior Retirement Plan for historical factors

See prior Retirement Plan for historical factors

See updated tables below

73

Sub appendix A. 2

TABLE C

O&R Participants

Joint and 100% Survivor Option Factors with Pop-Up

Distributions beginning

before July 1, 2004

This Table C is no longer current;

Table C factors were applied to pension allowance distributions on or before July 1, 2004

See prior Retirement Plan for historical factors

See prior Retirement Plan for historical factors

See updated tables below

74

Sub appendix A. 2

TABLE D

O&R Participants

Joint and 50% Survivor Option Factors with Pop-Up

Distributions beginning

before July 1, 2004

This Table D is no longer current;

Table D factors were applied to pension allowance distributions on or before July 1, 2004

See prior Retirement Plan for historical factors

See prior Retirement Plan for historical factors

See updated tables below

75

Sub Appendix A. 2

Table E - O&R Participants

Reduction Factors For

Vested Participant

Spouse’s Allowance Coverage

Table E is no longer applicable

because it applied to distributions

on or before July 1, 2008

See prior Retirement Plan for historical factors

See updated table, below

76

Sub appendix A. 2

TABLE F

O&R PARTICIPANTS

For purposes of calculating payment of Actuarial Equivalent which are otherwise not set forth in the Plan, the Plan Administrator has adopted the interest rate and mortality table described in Section 5.01(c)(3) as the interest rate and mortality table to be used on and after January 1, 2000 in all circumstances required by Code Section 417(e) and the regulations thereunder.

77

APPENDICES

Sub appendix A. 2

Table G –

For Distributions Beginning On And After July 1, 2004

100% Joint And Survivor Without Pop-Up

O&R Participants

		Age of Pensioner
		30		31		32		33		34		35		36		37		38		39		40		41		42		43		44		45
	20		0.9504		0.9466		0.9426		0.9384		0.9339		0.9290		0.9240		0.9187		0.9130		0.9070		0.9007		0.8941		0.8871		0.8798		0.8721		0.8642
	21		0.9517		0.9480		0.9440		0.9399		0.9354		0.9306		0.9256		0.9203		0.9147		0.9087		0.9025		0.8958		0.8889		0.8816		0.8740		0.8660
	22		0.9531		0.9494		0.9455		0.9413		0.9369		0.9322		0.9272		0.9220		0.9163		0.9105		0.9043		0.8976		0.8907		0.8835		0.8759		0.8679
	23		0.9544		0.9508		0.9469		0.9429		0.9385		0.9338		0.9289		0.9237		0.9181		0.9123		0.9061		0.8995		0.8926		0.8854		0.8778		0.8699
	24		0.9558		0.9522		0.9484		0.9444		0.9401		0.9354		0.9306		0.9255		0.9199		0.9142		0.9080		0.9014		0.8946		0.8874		0.8799		0.8720
	25		0.9571		0.9536		0.9499		0.9460		0.9417		0.9372		0.9323		0.9272		0.9218		0.9160		0.9099		0.9034		0.8966		0.8895		0.8820		0.8741
	26		0.9585		0.9551		0.9514		0.9476		0.9434		0.9389		0.9341		0.9291		0.9237		0.9180		0.9119		0.9055		0.8987		0.8917		0.8842		0.8763
	27		0.9599		0.9566		0.9530		0.9492		0.9450		0.9406		0.9359		0.9309		0.9256		0.9199		0.9140		0.9076		0.9009		0.8938		0.8864		0.8786
	28		0.9613		0.9580		0.9545		0.9508		0.9467		0.9424		0.9378		0.9328		0.9276		0.9220		0.9161		0.9097		0.9031		0.8961		0.8887		0.8810
	29		0.9627		0.9595		0.9560		0.9524		0.9484		0.9441		0.9396		0.9348		0.9296		0.9241		0.9182		0.9120		0.9054		0.8984		0.8911		0.8834
	30		0.9641		0.9609		0.9576		0.9540		0.9501		0.9459		0.9415		0.9368		0.9316		0.9262		0.9204		0.9142		0.9077		0.9008		0.8935		0.8859
	31		0.9655		0.9624		0.9591		0.9556		0.9518		0.9477		0.9434		0.9387		0.9336		0.9284		0.9226		0.9165		0.9101		0.9033		0.8960		0.8884
	32		0.9668		0.9638		0.9606		0.9572		0.9535		0.9495		0.9453		0.9407		0.9358		0.9305		0.9249		0.9189		0.9125		0.9058		0.8986		0.8911
	33		0.9681		0.9652		0.9622		0.9589		0.9552		0.9513		0.9472		0.9427		0.9379		0.9327		0.9272		0.9212		0.9150		0.9083		0.9013		0.8938
	34		0.9694		0.9667		0.9637		0.9605		0.9570		0.9532		0.9491		0.9447		0.9400		0.9349		0.9295		0.9236		0.9174		0.9109		0.9039		0.8966
	35		0.9708		0.9680		0.9652		0.9620		0.9587		0.9549		0.9510		0.9467		0.9421		0.9371		0.9318		0.9261		0.9200		0.9135		0.9067		0.8994
	36		0.9720		0.9694		0.9667		0.9636		0.9603		0.9567		0.9529		0.9487		0.9442		0.9393		0.9341		0.9285		0.9226		0.9163		0.9095		0.9023
	37		0.9733		0.9708		0.9681		0.9652		0.9620		0.9585		0.9548		0.9508		0.9463		0.9416		0.9365		0.9310		0.9251		0.9189		0.9123		0.9052
	38		0.9745		0.9721		0.9695		0.9667		0.9636		0.9602		0.9566		0.9527		0.9484		0.9438		0.9389		0.9335		0.9277		0.9217		0.9151		0.9082
	39		0.9757		0.9734		0.9709		0.9682		0.9652		0.9620		0.9585		0.9547		0.9505		0.9461		0.9412		0.9360		0.9304		0.9244		0.9180		0.9112
	40		0.9768		0.9746		0.9723		0.9697		0.9668		0.9637		0.9603		0.9567		0.9526		0.9483		0.9436		0.9385		0.9330		0.9272		0.9209		0.9142
	41		0.9780		0.9758		0.9736		0.9711		0.9683		0.9654		0.9621		0.9585		0.9546		0.9505		0.9459		0.9409		0.9356		0.9299		0.9238		0.9172
	42		0.9791		0.9771		0.9749		0.9725		0.9698		0.9670		0.9639		0.9604		0.9567		0.9527		0.9482		0.9434		0.9382		0.9327		0.9267		0.9203
	43		0.9801		0.9782		0.9761		0.9739		0.9713		0.9686		0.9656		0.9623		0.9587		0.9548		0.9505		0.9458		0.9408		0.9355		0.9296		0.9234
	44		0.9812		0.9793		0.9774		0.9752		0.9728		0.9701		0.9673		0.9642		0.9606		0.9569		0.9528		0.9482		0.9434		0.9382		0.9325		0.9264
	45		0.9822		0.9804		0.9785		0.9765		0.9742		0.9717		0.9689		0.9659		0.9626		0.9590		0.9550		0.9506		0.9459		0.9409		0.9354		0.9295
	46		0.9831		0.9815		0.9797		0.9777		0.9755		0.9731		0.9705		0.9676		0.9644		0.9609		0.9571		0.9529		0.9485		0.9436		0.9382		0.9325
	47		0.9840		0.9824		0.9808		0.9789		0.9768		0.9745		0.9721		0.9693		0.9662		0.9629		0.9593		0.9553		0.9509		0.9462		0.9411		0.9356
	48		0.9849		0.9834		0.9818		0.9801		0.9781		0.9759		0.9735		0.9710		0.9680		0.9649		0.9613		0.9575		0.9533		0.9488		0.9439		0.9385
	49		0.9857		0.9844		0.9829		0.9812		0.9793		0.9772		0.9750		0.9725		0.9697		0.9667		0.9634		0.9597		0.9557		0.9514		0.9466		0.9414
	50		0.9866		0.9853		0.9838		0.9823		0.9805		0.9785		0.9764		0.9741		0.9714		0.9686		0.9653		0.9618		0.9580		0.9538		0.9493		0.9443
	51		0.9873		0.9861		0.9847		0.9833		0.9816		0.9797		0.9777		0.9755		0.9730		0.9703		0.9672		0.9639		0.9602		0.9563		0.9519		0.9472
	52		0.9881		0.9869		0.9857		0.9843		0.9827		0.9810		0.9791		0.9769		0.9745		0.9720		0.9691		0.9659		0.9624		0.9587		0.9544		0.9499

78

APPENDICES

Sub appendix A. 2

Table G –

For Distributions Beginning On And After July 1, 2004

100% Joint And Survivor Without Pop-Up

O&R Participants

		Age of Pensioner
		30		31		32		33		34		35		36		37		38		39		40		41		42		43		44		45
	53		0.9888		0.9877		0.9865		0.9852		0.9837		0.9821		0.9803		0.9783		0.9760		0.9736		0.9709		0.9678		0.9645		0.9609		0.9569		0.9526
	54		0.9895		0.9885		0.9873		0.9861		0.9847		0.9832		0.9815		0.9796		0.9775		0.9752		0.9726		0.9697		0.9666		0.9632		0.9594		0.9552
	55		0.9901		0.9892		0.9881		0.9870		0.9857		0.9842		0.9826		0.9808		0.9788		0.9767		0.9742		0.9715		0.9685		0.9654		0.9617		0.9578
	56		0.9907		0.9898		0.9889		0.9878		0.9865		0.9852		0.9838		0.9821		0.9802		0.9782		0.9758		0.9733		0.9705		0.9674		0.9640		0.9603
	57		0.9914		0.9905		0.9896		0.9886		0.9874		0.9862		0.9848		0.9832		0.9814		0.9795		0.9774		0.9750		0.9723		0.9694		0.9662		0.9627
	58		0.9920		0.9911		0.9903		0.9893		0.9883		0.9870		0.9858		0.9844		0.9827		0.9809		0.9788		0.9766		0.9741		0.9714		0.9683		0.9650
	59		0.9925		0.9917		0.9909		0.9901		0.9890		0.9879		0.9867		0.9854		0.9838		0.9821		0.9803		0.9781		0.9758		0.9732		0.9703		0.9672
	60		0.9930		0.9923		0.9916		0.9907		0.9898		0.9887		0.9877		0.9864		0.9849		0.9834		0.9816		0.9796		0.9774		0.9750		0.9723		0.9694
	61		0.9934		0.9928		0.9922		0.9914		0.9905		0.9896		0.9885		0.9874		0.9860		0.9845		0.9829		0.9810		0.9789		0.9767		0.9741		0.9714
	62		0.9940		0.9934		0.9927		0.9920		0.9912		0.9903		0.9893		0.9883		0.9870		0.9856		0.9841		0.9823		0.9804		0.9783		0.9760		0.9734
	63		0.9944		0.9938		0.9933		0.9926		0.9918		0.9910		0.9902		0.9891		0.9879		0.9867		0.9852		0.9836		0.9818		0.9799		0.9776		0.9753
	64		0.9948		0.9943		0.9937		0.9932		0.9924		0.9917		0.9909		0.9899		0.9888		0.9877		0.9863		0.9848		0.9832		0.9814		0.9793		0.9770
	65		0.9952		0.9947		0.9942		0.9937		0.9930		0.9923		0.9916		0.9907		0.9897		0.9886		0.9873		0.9860		0.9844		0.9828		0.9808		0.9787
	66		0.9956		0.9951		0.9947		0.9942		0.9935		0.9929		0.9922		0.9914		0.9905		0.9895		0.9884		0.9871		0.9856		0.9841		0.9822		0.9803
	67		0.9959		0.9955		0.9951		0.9946		0.9941		0.9935		0.9928		0.9921		0.9912		0.9903		0.9893		0.9880		0.9867		0.9853		0.9836		0.9818
	68		0.9962		0.9959		0.9955		0.9950		0.9945		0.9940		0.9934		0.9928		0.9919		0.9911		0.9901		0.9890		0.9878		0.9865		0.9849		0.9833
	69		0.9966		0.9962		0.9958		0.9955		0.9950		0.9945		0.9939		0.9934		0.9926		0.9918		0.9909		0.9899		0.9888		0.9876		0.9862		0.9846
	70		0.9968		0.9965		0.9962		0.9959		0.9954		0.9949		0.9945		0.9939		0.9932		0.9926		0.9917		0.9907		0.9897		0.9886		0.9873		0.9859
	71		0.9971		0.9968		0.9965		0.9962		0.9958		0.9954		0.9950		0.9945		0.9938		0.9932		0.9924		0.9915		0.9906		0.9896		0.9883		0.9870
	72		0.9973		0.9971		0.9968		0.9965		0.9961		0.9958		0.9954		0.9949		0.9944		0.9938		0.9930		0.9923		0.9914		0.9904		0.9893		0.9882
	73		0.9976		0.9973		0.9971		0.9969		0.9965		0.9962		0.9958		0.9954		0.9948		0.9943		0.9937		0.9929		0.9921		0.9913		0.9903		0.9892
	74		0.9978		0.9975		0.9974		0.9971		0.9968		0.9965		0.9962		0.9958		0.9953		0.9949		0.9943		0.9935		0.9929		0.9921		0.9911		0.9901
	75		0.9980		0.9978		0.9976		0.9974		0.9971		0.9968		0.9965		0.9962		0.9957		0.9953		0.9948		0.9942		0.9935		0.9928		0.9919		0.9910
	76		0.9982		0.9980		0.9978		0.9976		0.9974		0.9971		0.9969		0.9966		0.9962		0.9958		0.9953		0.9947		0.9941		0.9934		0.9927		0.9918
	77		0.9984		0.9982		0.9980		0.9979		0.9976		0.9974		0.9972		0.9969		0.9965		0.9961		0.9957		0.9952		0.9947		0.9941		0.9934		0.9926
	78		0.9985		0.9984		0.9982		0.9980		0.9979		0.9977		0.9974		0.9972		0.9968		0.9965		0.9961		0.9956		0.9952		0.9946		0.9939		0.9933
	79		0.9987		0.9985		0.9984		0.9982		0.9980		0.9978		0.9977		0.9975		0.9971		0.9969		0.9965		0.9961		0.9956		0.9951		0.9946		0.9940
	80		0.9988		0.9987		0.9985		0.9984		0.9982		0.9981		0.9979		0.9977		0.9974		0.9972		0.9969		0.9965		0.9960		0.9956		0.9951		0.9945
	81		0.9989		0.9988		0.9986		0.9986		0.9984		0.9983		0.9981		0.9979		0.9977		0.9975		0.9972		0.9968		0.9964		0.9961		0.9955		0.9950
	82		0.9990		0.9989		0.9988		0.9987		0.9986		0.9984		0.9983		0.9982		0.9979		0.9977		0.9975		0.9971		0.9968		0.9965		0.9960		0.9956
	83		0.9991		0.9990		0.9989		0.9988		0.9987		0.9986		0.9985		0.9984		0.9981		0.9980		0.9977		0.9974		0.9971		0.9968		0.9964		0.9960
	84		0.9992		0.9991		0.9990		0.9989		0.9989		0.9987		0.9986		0.9985		0.9983		0.9982		0.9980		0.9977		0.9974		0.9971		0.9967		0.9964
	85		0.9993		0.9992		0.9991		0.9991		0.9989		0.9989		0.9988		0.9987		0.9985		0.9983		0.9982		0.9979		0.9977		0.9975		0.9971		0.9968

79

APPENDICES

Sub appendix A. 2

Table G –

For Distributions Beginning On And After July 1, 2004

100% Joint And Survivor Without Pop-Up

O&R Participants

		Age of Pensioner
		46		47		48		49		50		51		52		53		54		55		56		57		58		59		60		61
	20		0.8559		0.8472		0.8382		0.8289		0.8192		0.8091		0.7986		0.7878		0.7765		0.7648		0.7526		0.7400		0.7269		0.7134		0.6993		0.6848
	21		0.8577		0.8491		0.8401		0.8307		0.8211		0.8110		0.8005		0.7896		0.7784		0.7666		0.7545		0.7418		0.7287		0.7151		0.7011		0.6866
	22		0.8597		0.8510		0.8421		0.8327		0.8230		0.8129		0.8024		0.7916		0.7803		0.7686		0.7564		0.7437		0.7306		0.7170		0.7029		0.6884
	23		0.8617		0.8530		0.8441		0.8348		0.8251		0.8149		0.8045		0.7937		0.7824		0.7706		0.7584		0.7457		0.7326		0.7190		0.7049		0.6903
	24		0.8637		0.8551		0.8462		0.8369		0.8272		0.8171		0.8067		0.7958		0.7845		0.7728		0.7605		0.7479		0.7347		0.7211		0.7070		0.6924
	25		0.8659		0.8573		0.8484		0.8391		0.8294		0.8193		0.8089		0.7981		0.7867		0.7749		0.7627		0.7501		0.7369		0.7233		0.7091		0.6945
	26		0.8682		0.8596		0.8507		0.8414		0.8318		0.8217		0.8112		0.8004		0.7891		0.7773		0.7651		0.7524		0.7392		0.7256		0.7114		0.6967
	27		0.8705		0.8619		0.8530		0.8438		0.8342		0.8241		0.8137		0.8029		0.7916		0.7797		0.7675		0.7548		0.7416		0.7279		0.7137		0.6991
	28		0.8729		0.8644		0.8555		0.8463		0.8367		0.8267		0.8162		0.8054		0.7941		0.7823		0.7701		0.7574		0.7442		0.7304		0.7162		0.7015
	29		0.8754		0.8669		0.8581		0.8489		0.8393		0.8293		0.8189		0.8081		0.7968		0.7850		0.7728		0.7600		0.7468		0.7331		0.7188		0.7041
	30		0.8779		0.8695		0.8607		0.8515		0.8420		0.8320		0.8216		0.8108		0.7996		0.7878		0.7755		0.7628		0.7496		0.7359		0.7216		0.7068
	31		0.8806		0.8721		0.8635		0.8543		0.8448		0.8349		0.8245		0.8138		0.8025		0.7907		0.7785		0.7657		0.7525		0.7388		0.7244		0.7097
	32		0.8832		0.8749		0.8663		0.8572		0.8477		0.8378		0.8275		0.8167		0.8055		0.7937		0.7815		0.7688		0.7556		0.7418		0.7275		0.7127
	33		0.8860		0.8778		0.8692		0.8601		0.8507		0.8409		0.8306		0.8199		0.8086		0.7969		0.7847		0.7719		0.7587		0.7450		0.7306		0.7158
	34		0.8889		0.8807		0.8722		0.8632		0.8539		0.8440		0.8338		0.8231		0.8119		0.8002		0.7880		0.7753		0.7621		0.7483		0.7339		0.7191
	35		0.8918		0.8837		0.8752		0.8663		0.8571		0.8473		0.8371		0.8264		0.8153		0.8036		0.7914		0.7787		0.7655		0.7517		0.7374		0.7226
	36		0.8948		0.8868		0.8784		0.8696		0.8604		0.8506		0.8405		0.8299		0.8188		0.8072		0.7950		0.7823		0.7691		0.7553		0.7410		0.7261
	37		0.8978		0.8899		0.8816		0.8729		0.8638		0.8541		0.8440		0.8335		0.8225		0.8108		0.7987		0.7861		0.7729		0.7591		0.7448		0.7299
	38		0.9009		0.8931		0.8849		0.8763		0.8672		0.8576		0.8477		0.8372		0.8262		0.8146		0.8026		0.7899		0.7768		0.7631		0.7487		0.7338
	39		0.9040		0.8963		0.8883		0.8797		0.8708		0.8613		0.8514		0.8410		0.8301		0.8186		0.8066		0.7940		0.7809		0.7671		0.7528		0.7379
	40		0.9071		0.8996		0.8917		0.8833		0.8744		0.8650		0.8552		0.8450		0.8341		0.8227		0.8107		0.7982		0.7851		0.7714		0.7570		0.7422
	41		0.9103		0.9029		0.8951		0.8869		0.8781		0.8689		0.8592		0.8490		0.8382		0.8269		0.8150		0.8025		0.7895		0.7758		0.7615		0.7467
	42		0.9136		0.9063		0.8986		0.8905		0.8819		0.8728		0.8632		0.8531		0.8425		0.8312		0.8194		0.8070		0.7940		0.7804		0.7661		0.7513
	43		0.9168		0.9097		0.9022		0.8942		0.8857		0.8768		0.8673		0.8574		0.8468		0.8357		0.8240		0.8116		0.7987		0.7851		0.7709		0.7561
	44		0.9200		0.9131		0.9057		0.8979		0.8896		0.8808		0.8715		0.8617		0.8512		0.8402		0.8286		0.8164		0.8035		0.7900		0.7758		0.7611
	45		0.9232		0.9165		0.9093		0.9017		0.8935		0.8849		0.8757		0.8660		0.8558		0.8448		0.8334		0.8212		0.8085		0.7951		0.7810		0.7663
	46		0.9265		0.9199		0.9129		0.9054		0.8975		0.8890		0.8800		0.8705		0.8604		0.8496		0.8382		0.8262		0.8136		0.8003		0.7863		0.7716
	47		0.9297		0.9233		0.9165		0.9092		0.9015		0.8931		0.8843		0.8750		0.8650		0.8544		0.8432		0.8313		0.8188		0.8056		0.7917		0.7771
	48		0.9328		0.9267		0.9200		0.9129		0.9054		0.8973		0.8887		0.8795		0.8697		0.8593		0.8483		0.8366		0.8242		0.8111		0.7973		0.7828
	49		0.9359		0.9300		0.9236		0.9167		0.9094		0.9015		0.8930		0.8841		0.8745		0.8643		0.8534		0.8419		0.8296		0.8167		0.8030		0.7887
	50		0.9390		0.9333		0.9271		0.9204		0.9133		0.9056		0.8974		0.8887		0.8794		0.8693		0.8587		0.8473		0.8352		0.8224		0.8089		0.7947
	51		0.9420		0.9365		0.9306		0.9241		0.9172		0.9098		0.9019		0.8933		0.8842		0.8744		0.8639		0.8528		0.8409		0.8283		0.8149		0.8008
	52		0.9451		0.9397		0.9340		0.9278		0.9211		0.9140		0.9062		0.8980		0.8891		0.8795		0.8692		0.8583		0.8466		0.8342		0.8210		0.8071

80

APPENDICES

Sub appendix A. 2

Table G –

For Distributions Beginning On And After July 1, 2004

100% Joint And Survivor Without Pop-Up

O&R Participants

		Age of Pensioner
		46		47		48		49		50		51		52		53		54		55		56		57		58		59		60		61
	53		0.9479		0.9428		0.9373		0.9314		0.9250		0.9180		0.9106		0.9026		0.8939		0.8846		0.8746		0.8639		0.8525		0.8403		0.8273		0.8135
	54		0.9508		0.9459		0.9406		0.9349		0.9288		0.9221		0.9149		0.9071		0.8988		0.8897		0.8800		0.8695		0.8584		0.8464		0.8336		0.8201
	55		0.9536		0.9489		0.9439		0.9384		0.9325		0.9261		0.9191		0.9117		0.9036		0.8948		0.8854		0.8752		0.8643		0.8526		0.8401		0.8268
	56		0.9562		0.9518		0.9470		0.9418		0.9362		0.9300		0.9234		0.9162		0.9084		0.8999		0.8907		0.8808		0.8703		0.8588		0.8465		0.8335
	57		0.9589		0.9547		0.9501		0.9452		0.9398		0.9339		0.9275		0.9206		0.9131		0.9049		0.8961		0.8865		0.8762		0.8651		0.8531		0.8403
	58		0.9614		0.9574		0.9531		0.9484		0.9433		0.9377		0.9316		0.9251		0.9178		0.9099		0.9014		0.8922		0.8822		0.8714		0.8597		0.8472
	59		0.9638		0.9600		0.9560		0.9516		0.9467		0.9414		0.9356		0.9293		0.9224		0.9149		0.9067		0.8978		0.8881		0.8777		0.8663		0.8542
	60		0.9662		0.9626		0.9588		0.9546		0.9500		0.9449		0.9395		0.9335		0.9269		0.9198		0.9119		0.9034		0.8941		0.8839		0.8729		0.8612
	61		0.9685		0.9651		0.9615		0.9576		0.9533		0.9484		0.9432		0.9376		0.9314		0.9245		0.9170		0.9088		0.8998		0.8901		0.8795		0.8681
	62		0.9706		0.9675		0.9641		0.9603		0.9563		0.9518		0.9469		0.9416		0.9356		0.9291		0.9220		0.9142		0.9056		0.8963		0.8860		0.8750
	63		0.9727		0.9697		0.9666		0.9631		0.9593		0.9551		0.9504		0.9454		0.9398		0.9336		0.9269		0.9194		0.9112		0.9023		0.8925		0.8819
	64		0.9746		0.9719		0.9689		0.9657		0.9621		0.9582		0.9539		0.9491		0.9439		0.9380		0.9316		0.9245		0.9168		0.9083		0.8988		0.8887
	65		0.9765		0.9739		0.9712		0.9681		0.9648		0.9611		0.9571		0.9527		0.9478		0.9422		0.9362		0.9295		0.9221		0.9141		0.9051		0.8953
	66		0.9783		0.9759		0.9733		0.9705		0.9674		0.9640		0.9602		0.9561		0.9515		0.9463		0.9407		0.9344		0.9274		0.9197		0.9111		0.9019
	67		0.9799		0.9777		0.9754		0.9727		0.9699		0.9667		0.9631		0.9594		0.9550		0.9502		0.9449		0.9390		0.9324		0.9251		0.9170		0.9082
	68		0.9815		0.9795		0.9773		0.9748		0.9722		0.9692		0.9660		0.9625		0.9584		0.9539		0.9489		0.9434		0.9372		0.9304		0.9228		0.9144
	69		0.9830		0.9811		0.9791		0.9768		0.9744		0.9717		0.9687		0.9654		0.9617		0.9574		0.9528		0.9477		0.9419		0.9355		0.9283		0.9204
	70		0.9844		0.9826		0.9807		0.9787		0.9765		0.9739		0.9712		0.9681		0.9647		0.9608		0.9565		0.9517		0.9463		0.9403		0.9336		0.9261
	71		0.9857		0.9841		0.9823		0.9805		0.9784		0.9761		0.9735		0.9707		0.9676		0.9639		0.9600		0.9555		0.9505		0.9449		0.9386		0.9317
	72		0.9869		0.9854		0.9838		0.9821		0.9802		0.9780		0.9758		0.9732		0.9703		0.9669		0.9633		0.9592		0.9545		0.9493		0.9435		0.9370
	73		0.9881		0.9867		0.9853		0.9836		0.9819		0.9800		0.9778		0.9755		0.9728		0.9698		0.9663		0.9625		0.9583		0.9535		0.9480		0.9420
	74		0.9891		0.9879		0.9866		0.9851		0.9835		0.9817		0.9797		0.9776		0.9751		0.9724		0.9693		0.9658		0.9618		0.9574		0.9523		0.9467
	75		0.9900		0.9890		0.9877		0.9864		0.9850		0.9833		0.9815		0.9796		0.9773		0.9748		0.9720		0.9688		0.9652		0.9611		0.9564		0.9512
	76		0.9910		0.9899		0.9888		0.9877		0.9863		0.9849		0.9832		0.9815		0.9794		0.9771		0.9745		0.9715		0.9683		0.9645		0.9602		0.9554
	77		0.9918		0.9908		0.9899		0.9888		0.9876		0.9862		0.9847		0.9831		0.9813		0.9792		0.9768		0.9742		0.9712		0.9678		0.9638		0.9594
	78		0.9926		0.9917		0.9908		0.9898		0.9888		0.9875		0.9862		0.9847		0.9830		0.9811		0.9790		0.9766		0.9738		0.9707		0.9671		0.9630
	79		0.9933		0.9925		0.9917		0.9908		0.9898		0.9887		0.9875		0.9862		0.9846		0.9829		0.9810		0.9788		0.9763		0.9735		0.9702		0.9665
	80		0.9940		0.9932		0.9925		0.9917		0.9908		0.9898		0.9887		0.9875		0.9861		0.9845		0.9828		0.9808		0.9785		0.9759		0.9730		0.9696
	81		0.9945		0.9939		0.9932		0.9925		0.9917		0.9907		0.9898		0.9887		0.9875		0.9860		0.9845		0.9827		0.9806		0.9783		0.9755		0.9725
	82		0.9951		0.9945		0.9939		0.9932		0.9925		0.9917		0.9907		0.9899		0.9887		0.9874		0.9860		0.9844		0.9825		0.9804		0.9779		0.9752
	83		0.9956		0.9950		0.9945		0.9939		0.9933		0.9925		0.9916		0.9908		0.9898		0.9887		0.9874		0.9859		0.9843		0.9824		0.9802		0.9776
	84		0.9960		0.9955		0.9950		0.9945		0.9939		0.9933		0.9925		0.9917		0.9908		0.9898		0.9886		0.9873		0.9858		0.9842		0.9821		0.9799
	85		0.9964		0.9960		0.9955		0.9951		0.9946		0.9939		0.9932		0.9926		0.9918		0.9908		0.9898		0.9887		0.9873		0.9858		0.9840		0.9820

81

APPENDICES

Sub appendix A. 2

Table G –

For Distributions Beginning On And After July 1, 2004

100% Joint And Survivor Without Pop-Up

O&R Participants

		Age of Pensioner
		62		63		64		65		66		67		68		69		70		71		72		73		74		75
	20		0.6699		0.6546		0.6388		0.6228		0.6063		0.5897		0.5728		0.5557		0.5385		0.5211		0.5037		0.4861		0.4686		0.4511
	21		0.6716		0.6563		0.6405		0.6244		0.6079		0.5912		0.5743		0.5572		0.5399		0.5225		0.5050		0.4874		0.4699		0.4523
	22		0.6734		0.6581		0.6422		0.6261		0.6096		0.5928		0.5759		0.5587		0.5414		0.5240		0.5065		0.4888		0.4712		0.4536
	23		0.6753		0.6599		0.6441		0.6279		0.6113		0.5945		0.5776		0.5604		0.5430		0.5255		0.5079		0.4902		0.4726		0.4549
	24		0.6773		0.6619		0.6460		0.6298		0.6132		0.5964		0.5793		0.5621		0.5447		0.5272		0.5095		0.4918		0.4741		0.4564
	25		0.6794		0.6639		0.6480		0.6318		0.6151		0.5983		0.5812		0.5639		0.5464		0.5289		0.5112		0.4934		0.4756		0.4579
	26		0.6816		0.6661		0.6502		0.6339		0.6172		0.6003		0.5832		0.5658		0.5483		0.5307		0.5130		0.4951		0.4773		0.4595
	27		0.6840		0.6684		0.6524		0.6361		0.6193		0.6024		0.5852		0.5678		0.5503		0.5326		0.5148		0.4969		0.4790		0.4611
	28		0.6864		0.6708		0.6548		0.6384		0.6216		0.6046		0.5874		0.5700		0.5524		0.5346		0.5168		0.4988		0.4809		0.4629
	29		0.6889		0.6733		0.6573		0.6408		0.6240		0.6070		0.5897		0.5722		0.5545		0.5367		0.5188		0.5008		0.4828		0.4648
	30		0.6917		0.6760		0.6599		0.6434		0.6266		0.6095		0.5921		0.5746		0.5568		0.5390		0.5210		0.5029		0.4849		0.4668
	31		0.6945		0.6788		0.6626		0.6461		0.6292		0.6121		0.5947		0.5771		0.5593		0.5414		0.5233		0.5051		0.4870		0.4689
	32		0.6974		0.6817		0.6655		0.6490		0.6320		0.6148		0.5974		0.5797		0.5618		0.5439		0.5258		0.5075		0.4893		0.4711
	33		0.7005		0.6848		0.6686		0.6520		0.6350		0.6177		0.6002		0.5825		0.5645		0.5465		0.5283		0.5100		0.4917		0.4734
	34		0.7038		0.6880		0.6717		0.6551		0.6380		0.6207		0.6032		0.5854		0.5674		0.5493		0.5310		0.5126		0.4942		0.4759
	35		0.7072		0.6914		0.6751		0.6584		0.6413		0.6239		0.6063		0.5885		0.5704		0.5522		0.5339		0.5154		0.4969		0.4785
	36		0.7108		0.6949		0.6786		0.6619		0.6447		0.6273		0.6096		0.5917		0.5735		0.5553		0.5369		0.5183		0.4998		0.4812
	37		0.7145		0.6986		0.6823		0.6655		0.6483		0.6308		0.6131		0.5951		0.5769		0.5585		0.5400		0.5214		0.5028		0.4841
	38		0.7184		0.7025		0.6861		0.6693		0.6521		0.6345		0.6168		0.5987		0.5804		0.5620		0.5434		0.5246		0.5059		0.4872
	39		0.7225		0.7066		0.6902		0.6733		0.6560		0.6384		0.6206		0.6024		0.5841		0.5656		0.5469		0.5281		0.5093		0.4904
	40		0.7268		0.7108		0.6944		0.6775		0.6602		0.6425		0.6246		0.6064		0.5880		0.5694		0.5506		0.5317		0.5128		0.4938
	41		0.7312		0.7153		0.6988		0.6819		0.6646		0.6468		0.6289		0.6106		0.5920		0.5734		0.5545		0.5355		0.5165		0.4974
	42		0.7359		0.7199		0.7035		0.6865		0.6691		0.6513		0.6333		0.6150		0.5963		0.5776		0.5586		0.5395		0.5204		0.5012
	43		0.7407		0.7248		0.7083		0.6913		0.6739		0.6560		0.6380		0.6196		0.6008		0.5820		0.5630		0.5438		0.5245		0.5052
	44		0.7457		0.7298		0.7133		0.6963		0.6788		0.6610		0.6428		0.6244		0.6056		0.5867		0.5675		0.5482		0.5288		0.5094
	45		0.7509		0.7350		0.7185		0.7015		0.6840		0.6661		0.6480		0.6294		0.6106		0.5915		0.5723		0.5529		0.5334		0.5139
	46		0.7563		0.7404		0.7240		0.7070		0.6895		0.6716		0.6533		0.6347		0.6158		0.5967		0.5774		0.5578		0.5382		0.5185
	47		0.7619		0.7460		0.7296		0.7126		0.6951		0.6772		0.6589		0.6402		0.6212		0.6020		0.5826		0.5630		0.5433		0.5235
	48		0.7676		0.7519		0.7355		0.7185		0.7010		0.6830		0.6647		0.6460		0.6269		0.6077		0.5881		0.5684		0.5486		0.5286
	49		0.7736		0.7579		0.7415		0.7246		0.7070		0.6891		0.6708		0.6520		0.6329		0.6135		0.5939		0.5740		0.5541		0.5341
	50		0.7797		0.7641		0.7478		0.7309		0.7134		0.6954		0.6771		0.6583		0.6391		0.6197		0.6000		0.5800		0.5600		0.5398
	51		0.7860		0.7705		0.7543		0.7374		0.7200		0.7020		0.6837		0.6648		0.6456		0.6261		0.6063		0.5863		0.5661		0.5458
	52		0.7924		0.7770		0.7609		0.7441		0.7268		0.7088		0.6905		0.6717		0.6524		0.6329		0.6130		0.5928		0.5725		0.5521

82

APPENDICES

Sub appendix A. 2

Table G –

For Distributions Beginning On And After July 1, 2004

100% Joint And Survivor Without Pop-Up

O&R Participants

		Age of Pensioner
		62		63		64		65		66		67		68		69		70		71		72		73		74		75
	53		0.7990		0.7838		0.7678		0.7511		0.7338		0.7160		0.6976		0.6788		0.6595		0.6399		0.6200		0.5997		0.5793		0.5587
	54		0.8057		0.7907		0.7748		0.7583		0.7411		0.7233		0.7050		0.6862		0.6669		0.6473		0.6273		0.6069		0.5864		0.5657
	55		0.8126		0.7977		0.7820		0.7656		0.7486		0.7309		0.7126		0.6939		0.6746		0.6549		0.6349		0.6145		0.5939		0.5731
	56		0.8196		0.8049		0.7895		0.7732		0.7563		0.7387		0.7205		0.7018		0.6826		0.6629		0.6429		0.6224		0.6017		0.5808
	57		0.8267		0.8123		0.7970		0.7810		0.7642		0.7468		0.7287		0.7101		0.6909		0.6713		0.6512		0.6306		0.6099		0.5889
	58		0.8339		0.8197		0.8047		0.7889		0.7723		0.7550		0.7372		0.7186		0.6995		0.6799		0.6599		0.6393		0.6185		0.5974
	59		0.8412		0.8273		0.8126		0.7970		0.7807		0.7636		0.7459		0.7275		0.7084		0.6889		0.6689		0.6483		0.6275		0.6063
	60		0.8485		0.8349		0.8205		0.8053		0.7891		0.7723		0.7548		0.7365		0.7176		0.6982		0.6783		0.6577		0.6368		0.6156
	61		0.8352		0.8426		0.8285		0.8136		0.7978		0.7811		0.7639		0.7459		0.7271		0.7078		0.6880		0.6674		0.6466		0.6253
	62		0.8631		0.8503		0.8366		0.8220		0.8065		0.7902		0.7732		0.7554		0.7369		0.7177		0.6979		0.6775		0.6567		0.6354
	63		0.8704		0.8580		0.8446		0.8305		0.8153		0.7994		0.7826		0.7651		0.7468		0.7279		0.7083		0.6879		0.6672		0.6459
	64		0.8776		0.8656		0.8527		0.8389		0.8242		0.8086		0.7922		0.7750		0.7569		0.7383		0.7188		0.6986		0.6780		0.6568
	65		0.8847		0.8732		0.8607		0.8474		0.8330		0.8178		0.8019		0.7849		0.7672		0.7488		0.7296		0.7097		0.6891		0.6680
	66		0.8917		0.8807		0.8687		0.8557		0.8419		0.8271		0.8115		0.7951		0.7777		0.7596		0.7406		0.7209		0.7006		0.6796
	67		0.8985		0.8880		0.8764		0.8640		0.8506		0.8363		0.8212		0.8051		0.7882		0.7704		0.7518		0.7323		0.7122		0.6914
	68		0.9052		0.8951		0.8841		0.8722		0.8592		0.8455		0.8308		0.8152		0.7987		0.7813		0.7631		0.7439		0.7241		0.7035
	69		0.9117		0.9021		0.8916		0.8802		0.8678		0.8545		0.8404		0.8253		0.8092		0.7923		0.7745		0.7556		0.7361		0.7158
	70		0.9179		0.9088		0.8988		0.8880		0.8761		0.8634		0.8498		0.8353		0.8197		0.8033		0.7858		0.7674		0.7483		0.7283
	71		0.9239		0.9153		0.9059		0.8956		0.8843		0.8721		0.8591		0.8451		0.8301		0.8141		0.7972		0.7793		0.7605		0.7409
	72		0.9297		0.9216		0.9127		0.9030		0.8922		0.8807		0.8683		0.8548		0.8403		0.8249		0.8085		0.7911		0.7729		0.7536
	73		0.9352		0.9276		0.9193		0.9101		0.8999		0.8889		0.8771		0.8642		0.8504		0.8356		0.8198		0.8029		0.7851		0.7664
	74		0.9404		0.9334		0.9256		0.9169		0.9073		0.8970		0.8857		0.8735		0.8602		0.8460		0.8309		0.8146		0.7974		0.7791
	75		0.9454		0.9388		0.9315		0.9234		0.9144		0.9046		0.8940		0.8824		0.8698		0.8563		0.8418		0.8261		0.8094		0.7918
	76		0.9500		0.9439		0.9372		0.9296		0.9212		0.9120		0.9020		0.8910		0.8791		0.8662		0.8524		0.8373		0.8213		0.8043
	77		0.9544		0.9488		0.9424		0.9355		0.9276		0.9190		0.9097		0.8993		0.8880		0.8758		0.8626		0.8482		0.8329		0.8165
	78		0.9584		0.9533		0.9475		0.9410		0.9337		0.9257		0.9169		0.9072		0.8966		0.8851		0.8726		0.8589		0.8442		0.8285
	79		0.9622		0.9575		0.9522		0.9461		0.9394		0.9319		0.9237		0.9147		0.9047		0.8939		0.8820		0.8691		0.8551		0.8401
	80		0.9657		0.9614		0.9565		0.9509		0.9446		0.9377		0.9302		0.9217		0.9124		0.9023		0.8912		0.8789		0.8656		0.8513
	81		0.9689		0.9650		0.9605		0.9554		0.9496		0.9432		0.9363		0.9284		0.9197		0.9102		0.8998		0.8882		0.8757		0.8621
	82		0.9720		0.9683		0.9642		0.9595		0.9542		0.9483		0.9419		0.9346		0.9265		0.9177		0.9080		0.8971		0.8853		0.8725
	83		0.9747		0.9714		0.9676		0.9634		0.9586		0.9531		0.9472		0.9405		0.9330		0.9248		0.9157		0.9055		0.8945		0.8824
	84		0.9772		0.9742		0.9708		0.9669		0.9625		0.9575		0.9521		0.9459		0.9390		0.9314		0.9230		0.9135		0.9032		0.8918
	85		0.9795		0.9768		0.9738		0.9702		0.9661		0.9617		0.9567		0.9510		0.9446		0.9376		0.9299		0.9211		0.9115		0.9008

83

APPENDICES

A. 2

Table H –

For Distributions Beginning On And After July 1, 2004

50% Joint And Survivor Without Pop-Up

O&R Participants

		Age Of Pensioner
		30		31		32		33		34		35		36		37		38		39		40		41		42		43		44		45
	20		0.9746		0.9726		0.9705		0.9682		0.9658		0.9632		0.9605		0.9576		0.9545		0.9513		0.9478		0.9441		0.9401		0.9361		0.9317		0.9272
	21		0.9753		0.9733		0.9712		0.9690		0.9666		0.9640		0.9614		0.9585		0.9554		0.9522		0.9487		0.9451		0.9412		0.9371		0.9327		0.9282
	22		0.9760		0.9740		0.9720		0.9698		0.9674		0.9649		0.9622		0.9594		0.9563		0.9532		0.9497		0.9461		0.9422		0.9381		0.9338		0.9293
	23		0.9767		0.9748		0.9728		0.9706		0.9682		0.9657		0.9631		0.9603		0.9573		0.9541		0.9508		0.9471		0.9433		0.9393		0.9349		0.9304
	24		0.9774		0.9755		0.9735		0.9714		0.9691		0.9666		0.9640		0.9613		0.9583		0.9551		0.9518		0.9481		0.9443		0.9404		0.9361		0.9316
	25		0.9781		0.9762		0.9743		0.9722		0.9700		0.9675		0.9650		0.9622		0.9593		0.9562		0.9528		0.9493		0.9455		0.9415		0.9373		0.9328
	26		0.9789		0.9770		0.9751		0.9731		0.9709		0.9684		0.9659		0.9633		0.9603		0.9573		0.9540		0.9504		0.9466		0.9428		0.9385		0.9340
	27		0.9796		0.9778		0.9759		0.9739		0.9717		0.9694		0.9669		0.9643		0.9614		0.9583		0.9550		0.9516		0.9478		0.9439		0.9398		0.9353
	28		0.9803		0.9785		0.9767		0.9748		0.9726		0.9703		0.9679		0.9653		0.9624		0.9594		0.9562		0.9527		0.9491		0.9452		0.9411		0.9367
	29		0.9810		0.9793		0.9775		0.9756		0.9735		0.9713		0.9689		0.9663		0.9635		0.9605		0.9574		0.9539		0.9503		0.9465		0.9424		0.9381
	30		0.9817		0.9801		0.9783		0.9765		0.9744		0.9722		0.9698		0.9673		0.9646		0.9617		0.9585		0.9551		0.9516		0.9479		0.9437		0.9395
	31		0.9825		0.9808		0.9791		0.9773		0.9753		0.9731		0.9709		0.9684		0.9657		0.9628		0.9597		0.9564		0.9529		0.9492		0.9452		0.9409
	32		0.9831		0.9816		0.9800		0.9782		0.9762		0.9741		0.9719		0.9695		0.9668		0.9640		0.9610		0.9577		0.9542		0.9506		0.9466		0.9424
	33		0.9838		0.9823		0.9808		0.9790		0.9771		0.9751		0.9729		0.9705		0.9679		0.9652		0.9622		0.9590		0.9556		0.9520		0.9480		0.9439
	34		0.9845		0.9830		0.9815		0.9799		0.9780		0.9760		0.9739		0.9716		0.9691		0.9664		0.9635		0.9603		0.9569		0.9534		0.9495		0.9455
	35		0.9852		0.9838		0.9823		0.9807		0.9789		0.9769		0.9749		0.9726		0.9701		0.9676		0.9647		0.9616		0.9583		0.9548		0.9510		0.9470
	36		0.9858		0.9845		0.9830		0.9815		0.9797		0.9779		0.9759		0.9737		0.9713		0.9687		0.9659		0.9630		0.9597		0.9563		0.9526		0.9486
	37		0.9865		0.9852		0.9838		0.9823		0.9806		0.9788		0.9769		0.9748		0.9724		0.9699		0.9672		0.9642		0.9611		0.9578		0.9541		0.9502
	38		0.9871		0.9858		0.9845		0.9831		0.9815		0.9797		0.9778		0.9758		0.9735		0.9711		0.9685		0.9656		0.9625		0.9592		0.9556		0.9519
	39		0.9877		0.9865		0.9853		0.9839		0.9823		0.9806		0.9788		0.9768		0.9746		0.9723		0.9697		0.9669		0.9639		0.9608		0.9572		0.9535
	40		0.9883		0.9871		0.9859		0.9846		0.9831		0.9815		0.9797		0.9778		0.9757		0.9735		0.9709		0.9683		0.9654		0.9622		0.9588		0.9552
	41		0.9889		0.9878		0.9866		0.9853		0.9839		0.9823		0.9807		0.9789		0.9768		0.9746		0.9722		0.9695		0.9667		0.9637		0.9604		0.9568
	42		0.9894		0.9884		0.9873		0.9860		0.9847		0.9832		0.9816		0.9799		0.9778		0.9758		0.9734		0.9708		0.9681		0.9652		0.9620		0.9585
	43		0.9900		0.9890		0.9879		0.9868		0.9854		0.9840		0.9825		0.9808		0.9789		0.9769		0.9746		0.9721		0.9695		0.9667		0.9635		0.9602
	44		0.9905		0.9896		0.9885		0.9874		0.9862		0.9848		0.9833		0.9817		0.9799		0.9780		0.9758		0.9734		0.9708		0.9681		0.9650		0.9618
	45		0.9910		0.9901		0.9892		0.9881		0.9869		0.9856		0.9842		0.9827		0.9809		0.9790		0.9770		0.9747		0.9722		0.9696		0.9666		0.9635
	46		0.9915		0.9906		0.9897		0.9888		0.9876		0.9863		0.9850		0.9835		0.9819		0.9801		0.9781		0.9759		0.9735		0.9710		0.9681		0.9651
	47		0.9920		0.9912		0.9903		0.9893		0.9883		0.9871		0.9858		0.9844		0.9828		0.9811		0.9792		0.9771		0.9748		0.9724		0.9696		0.9667
	48		0.9924		0.9916		0.9908		0.9899		0.9889		0.9878		0.9866		0.9852		0.9837		0.9821		0.9803		0.9783		0.9761		0.9737		0.9711		0.9683
	49		0.9928		0.9921		0.9914		0.9905		0.9895		0.9885		0.9873		0.9861		0.9846		0.9831		0.9813		0.9794		0.9773		0.9751		0.9726		0.9698
	50		0.9933		0.9925		0.9918		0.9911		0.9902		0.9892		0.9880		0.9868		0.9855		0.9840		0.9823		0.9805		0.9785		0.9764		0.9740		0.9713
	51		0.9936		0.9930		0.9923		0.9916		0.9907		0.9897		0.9887		0.9876		0.9863		0.9849		0.9834		0.9816		0.9797		0.9776		0.9753		0.9729
	52		0.9940		0.9934		0.9927		0.9921		0.9913		0.9904		0.9894		0.9883		0.9871		0.9858		0.9843		0.9826		0.9809		0.9789		0.9766		0.9743

84

APPENDICES

Sub appendix A. 2

Table H –

For Distributions Beginning On And After July 1, 2004

50% Joint And Survivor Without Pop-Up

O&R Participants

		Age Of Pensioner
		30		31		32		33		34		35		36		37		38		39		40		41		42		43		44		45
	53		0.9944		0.9938		0.9932		0.9925		0.9918		0.9909		0.9900		0.9890		0.9879		0.9867		0.9852		0.9837		0.9819		0.9801		0.9780		0.9757
	54		0.9947		0.9942		0.9936		0.9930		0.9923		0.9915		0.9906		0.9897		0.9886		0.9874		0.9861		0.9846		0.9830		0.9812		0.9792		0.9771
	55		0.9951		0.9945		0.9940		0.9935		0.9928		0.9920		0.9912		0.9903		0.9893		0.9882		0.9870		0.9855		0.9840		0.9823		0.9805		0.9784
	56		0.9954		0.9949		0.9944		0.9939		0.9933		0.9925		0.9918		0.9910		0.9900		0.9889		0.9878		0.9864		0.9850		0.9834		0.9816		0.9797
	57		0.9957		0.9952		0.9948		0.9943		0.9937		0.9930		0.9923		0.9916		0.9906		0.9897		0.9885		0.9873		0.9860		0.9845		0.9828		0.9810
	58		0.9959		0.9956		0.9951		0.9946		0.9941		0.9935		0.9928		0.9921		0.9912		0.9904		0.9893		0.9882		0.9868		0.9855		0.9839		0.9822
	59		0.9962		0.9959		0.9954		0.9950		0.9945		0.9939		0.9933		0.9927		0.9918		0.9910		0.9900		0.9889		0.9877		0.9865		0.9849		0.9833
	60		0.9965		0.9961		0.9958		0.9953		0.9948		0.9943		0.9938		0.9931		0.9924		0.9916		0.9907		0.9897		0.9885		0.9873		0.9860		0.9845
	61		0.9967		0.9964		0.9961		0.9957		0.9952		0.9948		0.9942		0.9936		0.9929		0.9922		0.9913		0.9904		0.9893		0.9882		0.9869		0.9855
	62		0.9970		0.9967		0.9964		0.9960		0.9956		0.9951		0.9947		0.9941		0.9934		0.9928		0.9920		0.9911		0.9901		0.9891		0.9878		0.9865
	63		0.9972		0.9969		0.9966		0.9963		0.9959		0.9955		0.9950		0.9945		0.9939		0.9933		0.9926		0.9917		0.9908		0.9898		0.9887		0.9875
	64		0.9974		0.9971		0.9969		0.9966		0.9962		0.9958		0.9954		0.9949		0.9944		0.9938		0.9931		0.9923		0.9915		0.9906		0.9895		0.9884
	65		0.9976		0.9973		0.9971		0.9968		0.9965		0.9961		0.9957		0.9954		0.9948		0.9943		0.9937		0.9929		0.9921		0.9913		0.9903		0.9892
	66		0.9978		0.9975		0.9973		0.9971		0.9967		0.9964		0.9961		0.9957		0.9952		0.9947		0.9941		0.9935		0.9927		0.9920		0.9910		0.9901
	67		0.9980		0.9977		0.9975		0.9973		0.9970		0.9967		0.9964		0.9961		0.9956		0.9952		0.9946		0.9940		0.9933		0.9926		0.9917		0.9908
	68		0.9981		0.9979		0.9977		0.9975		0.9973		0.9970		0.9967		0.9964		0.9959		0.9955		0.9951		0.9945		0.9939		0.9932		0.9924		0.9915
	69		0.9983		0.9981		0.9979		0.9978		0.9975		0.9973		0.9970		0.9967		0.9963		0.9959		0.9954		0.9949		0.9944		0.9938		0.9930		0.9922
	70		0.9984		0.9982		0.9981		0.9979		0.9977		0.9975		0.9972		0.9970		0.9966		0.9963		0.9959		0.9953		0.9948		0.9943		0.9936		0.9929
	71		0.9985		0.9984		0.9982		0.9981		0.9979		0.9977		0.9975		0.9972		0.9969		0.9966		0.9962		0.9957		0.9952		0.9948		0.9941		0.9934
	72		0.9987		0.9985		0.9984		0.9983		0.9981		0.9979		0.9977		0.9975		0.9971		0.9969		0.9965		0.9961		0.9957		0.9952		0.9946		0.9940
	73		0.9988		0.9987		0.9985		0.9984		0.9982		0.9981		0.9979		0.9977		0.9974		0.9972		0.9969		0.9965		0.9960		0.9956		0.9951		0.9945
	74		0.9989		0.9988		0.9986		0.9986		0.9984		0.9983		0.9981		0.9979		0.9976		0.9974		0.9971		0.9968		0.9964		0.9960		0.9955		0.9950
	75		0.9990		0.9989		0.9988		0.9987		0.9986		0.9984		0.9983		0.9981		0.9979		0.9977		0.9974		0.9971		0.9967		0.9964		0.9959		0.9955
	76		0.9991		0.9990		0.9989		0.9988		0.9987		0.9986		0.9984		0.9983		0.9980		0.9979		0.9977		0.9973		0.9970		0.9967		0.9963		0.9959
	77		0.9992		0.9991		0.9990		0.9989		0.9988		0.9987		0.9986		0.9984		0.9982		0.9981		0.9978		0.9976		0.9973		0.9970		0.9967		0.9963
	78		0.9992		0.9992		0.9991		0.9991		0.9989		0.9988		0.9987		0.9986		0.9984		0.9983		0.9981		0.9978		0.9976		0.9973		0.9970		0.9966
	79		0.9994		0.9992		0.9992		0.9991		0.9990		0.9989		0.9989		0.9987		0.9985		0.9985		0.9983		0.9980		0.9978		0.9976		0.9973		0.9970
	80		0.9994		0.9993		0.9992		0.9992		0.9991		0.9990		0.9990		0.9988		0.9987		0.9986		0.9985		0.9982		0.9980		0.9978		0.9975		0.9972
	81		0.9995		0.9994		0.9994		0.9993		0.9992		0.9991		0.9990		0.9990		0.9988		0.9987		0.9986		0.9984		0.9982		0.9980		0.9978		0.9975
	82		0.9995		0.9994		0.9994		0.9993		0.9993		0.9992		0.9992		0.9991		0.9990		0.9989		0.9988		0.9986		0.9984		0.9982		0.9980		0.9977
	83		0.9995		0.9995		0.9995		0.9994		0.9993		0.9993		0.9992		0.9992		0.9990		0.9990		0.9989		0.9987		0.9986		0.9984		0.9982		0.9980
	84		0.9996		0.9995		0.9995		0.9995		0.9994		0.9993		0.9993		0.9993		0.9991		0.9991		0.9990		0.9988		0.9987		0.9986		0.9984		0.9982
	85		0.9996		0.9996		0.9996		0.9995		0.9995		0.9994		0.9994		0.9993		0.9992		0.9992		0.9991		0.9989		0.9988		0.9987		0.9985		0.9984

85

APPENDICES

Sub appendix A. 2

Table H –

For Distributions Beginning On And After July 1, 2004

50% Joint And Survivor Without Pop-Up

O&R Participants

		Age Of Pensioner
		46		47		48		49		50		51		52		53		54		55		56		57		58		59		60		61
	20		0.9224		0.9173		0.9120		0.9065		0.9006		0.8945		0.8880		0.8813		0.8742		0.8667		0.8588		0.8506		0.8418		0.8327		0.8231		0.8130
	21		0.9235		0.9184		0.9131		0.9076		0.9017		0.8956		0.8892		0.8825		0.8754		0.8679		0.8600		0.8518		0.8430		0.8339		0.8243		0.8142
	22		0.9246		0.9195		0.9143		0.9087		0.9029		0.8968		0.8904		0.8837		0.8766		0.8691		0.8613		0.8530		0.8444		0.8352		0.8256		0.8155
	23		0.9257		0.9207		0.9154		0.9099		0.9041		0.8980		0.8916		0.8850		0.8779		0.8704		0.8626		0.8544		0.8457		0.8365		0.8269		0.8168
	24		0.9269		0.9219		0.9167		0.9112		0.9054		0.8993		0.8930		0.8863		0.8792		0.8718		0.8640		0.8557		0.8471		0.8380		0.8283		0.8182
	25		0.9282		0.9232		0.9180		0.9125		0.9068		0.9007		0.8943		0.8877		0.8806		0.8732		0.8654		0.8572		0.8485		0.8394		0.8298		0.8197
	26		0.9295		0.9245		0.9193		0.9139		0.9082		0.9021		0.8957		0.8892		0.8821		0.8747		0.8669		0.8587		0.8500		0.8410		0.8313		0.8213
	27		0.9308		0.9259		0.9207		0.9153		0.9096		0.9035		0.8973		0.8906		0.8836		0.8762		0.8685		0.8603		0.8516		0.8426		0.8329		0.8229
	28		0.9321		0.9272		0.9221		0.9167		0.9111		0.9051		0.8988		0.8922		0.8853		0.8779		0.8701		0.8619		0.8533		0.8443		0.8347		0.8246
	29		0.9335		0.9287		0.9236		0.9183		0.9127		0.9067		0.9004		0.8939		0.8869		0.8795		0.8718		0.8636		0.8551		0.8460		0.8364		0.8264
	30		0.9350		0.9302		0.9252		0.9198		0.9143		0.9083		0.9021		0.8956		0.8886		0.8813		0.8736		0.8655		0.8569		0.8479		0.8382		0.8283
	31		0.9365		0.9317		0.9267		0.9215		0.9159		0.9100		0.9038		0.8973		0.8904		0.8831		0.8754		0.8673		0.8588		0.8497		0.8402		0.8302
	32		0.9380		0.9333		0.9284		0.9231		0.9176		0.9118		0.9056		0.8991		0.8923		0.8850		0.8773		0.8693		0.8608		0.8518		0.8422		0.8322
	33		0.9396		0.9349		0.9300		0.9248		0.9194		0.9135		0.9074		0.9010		0.8942		0.8870		0.8793		0.8713		0.8628		0.8538		0.8443		0.8344
	34		0.9412		0.9366		0.9317		0.9266		0.9212		0.9154		0.9093		0.9030		0.8962		0.8890		0.8814		0.8734		0.8650		0.8560		0.8465		0.8366
	35		0.9428		0.9383		0.9335		0.9284		0.9230		0.9173		0.9113		0.9050		0.8982		0.8911		0.8836		0.8756		0.8672		0.8583		0.8488		0.8389
	36		0.9445		0.9399		0.9353		0.9302		0.9250		0.9193		0.9133		0.9071		0.9004		0.8933		0.8858		0.8779		0.8695		0.8606		0.8512		0.8414
	37		0.9461		0.9417		0.9371		0.9322		0.9269		0.9213		0.9154		0.9092		0.9026		0.8955		0.8881		0.8802		0.8719		0.8631		0.8537		0.8439
	38		0.9479		0.9435		0.9389		0.9340		0.9289		0.9234		0.9175		0.9114		0.9048		0.8978		0.8905		0.8827		0.8744		0.8656		0.8563		0.8465
	39		0.9496		0.9453		0.9408		0.9360		0.9309		0.9255		0.9197		0.9137		0.9072		0.9003		0.8929		0.8852		0.8769		0.8682		0.8590		0.8492
	40		0.9513		0.9471		0.9428		0.9380		0.9330		0.9276		0.9219		0.9160		0.9096		0.9027		0.8955		0.8878		0.8796		0.8709		0.8617		0.8520
	41		0.9531		0.9490		0.9447		0.9400		0.9351		0.9299		0.9243		0.9183		0.9120		0.9052		0.8981		0.8904		0.8824		0.8738		0.8646		0.8549
	42		0.9549		0.9508		0.9466		0.9421		0.9372		0.9321		0.9266		0.9208		0.9145		0.9078		0.9007		0.8932		0.8852		0.8767		0.8676		0.8580
	43		0.9566		0.9527		0.9485		0.9442		0.9394		0.9343		0.9289		0.9232		0.9171		0.9105		0.9034		0.8960		0.8880		0.8796		0.8706		0.8611
	44		0.9583		0.9545		0.9505		0.9462		0.9416		0.9366		0.9313		0.9257		0.9197		0.9132		0.9063		0.8989		0.8910		0.8827		0.8738		0.8643
	45		0.9601		0.9564		0.9525		0.9483		0.9438		0.9389		0.9337		0.9282		0.9223		0.9159		0.9091		0.9018		0.8941		0.8858		0.8770		0.8677
	46		0.9618		0.9583		0.9545		0.9504		0.9460		0.9412		0.9362		0.9308		0.9250		0.9186		0.9120		0.9049		0.8972		0.8891		0.8803		0.8711
	47		0.9636		0.9601		0.9564		0.9524		0.9482		0.9435		0.9386		0.9334		0.9276		0.9215		0.9149		0.9079		0.9004		0.8924		0.8837		0.8746
	48		0.9652		0.9619		0.9584		0.9545		0.9504		0.9459		0.9411		0.9359		0.9304		0.9243		0.9179		0.9110		0.9036		0.8957		0.8872		0.8782
	49		0.9669		0.9637		0.9603		0.9566		0.9526		0.9482		0.9435		0.9385		0.9331		0.9272		0.9209		0.9141		0.9069		0.8991		0.8907		0.8818
	50		0.9686		0.9655		0.9621		0.9586		0.9547		0.9505		0.9459		0.9411		0.9358		0.9301		0.9239		0.9173		0.9102		0.9026		0.8943		0.8856
	51		0.9702		0.9672		0.9641		0.9606		0.9569		0.9527		0.9484		0.9437		0.9386		0.9330		0.9270		0.9205		0.9135		0.9061		0.8980		0.8894
	52		0.9718		0.9689		0.9659		0.9625		0.9589		0.9550		0.9508		0.9462		0.9413		0.9359		0.9300		0.9238		0.9169		0.9096		0.9017		0.8933

86

APPENDICES

Sub appendix A. 2

Table H –

O&R Participants

For Distributions Beginning On And After July 1, 2004

50% Joint And Survivor Without Pop-Up

		Age Of Pensioner
		46		47		48		49		50		51		52		53		54		55		56		57		58		59		60		61
	53		0.9733		0.9706		0.9677		0.9645		0.9610		0.9572		0.9532		0.9488		0.9440		0.9388		0.9331		0.9270		0.9204		0.9132		0.9054		0.8972
	54		0.9748		0.9722		0.9694		0.9664		0.9631		0.9595		0.9555		0.9513		0.9467		0.9416		0.9361		0.9302		0.9238		0.9168		0.9092		0.9011
	55		0.9763		0.9738		0.9711		0.9683		0.9651		0.9616		0.9578		0.9538		0.9494		0.9445		0.9392		0.9334		0.9272		0.9204		0.9131		0.9052
	56		0.9776		0.9753		0.9728		0.9700		0.9671		0.9637		0.9602		0.9563		0.9520		0.9473		0.9422		0.9367		0.9306		0.9240		0.9169		0.9092
	57		0.9790		0.9768		0.9744		0.9718		0.9690		0.9658		0.9624		0.9587		0.9546		0.9501		0.9452		0.9398		0.9340		0.9277		0.9207		0.9132
	58		0.9803		0.9782		0.9760		0.9736		0.9708		0.9678		0.9646		0.9611		0.9571		0.9528		0.9482		0.9430		0.9374		0.9313		0.9245		0.9173
	59		0.9816		0.9796		0.9775		0.9752		0.9727		0.9698		0.9667		0.9634		0.9597		0.9555		0.9511		0.9462		0.9408		0.9349		0.9283		0.9214
	60		0.9828		0.9809		0.9789		0.9768		0.9744		0.9717		0.9688		0.9656		0.9621		0.9582		0.9539		0.9492		0.9441		0.9384		0.9322		0.9254
	61		0.9840		0.9822		0.9804		0.9783		0.9760		0.9736		0.9708		0.9678		0.9645		0.9607		0.9567		0.9522		0.9473		0.9419		0.9359		0.9294
	62		0.9851		0.9834		0.9817		0.9798		0.9777		0.9753		0.9727		0.9699		0.9668		0.9632		0.9594		0.9551		0.9504		0.9453		0.9395		0.9334
	63		0.9861		0.9846		0.9830		0.9812		0.9792		0.9770		0.9745		0.9720		0.9690		0.9656		0.9620		0.9580		0.9536		0.9487		0.9432		0.9373
	64		0.9872		0.9857		0.9842		0.9825		0.9807		0.9786		0.9764		0.9739		0.9711		0.9680		0.9646		0.9608		0.9566		0.9520		0.9467		0.9411
	65		0.9881		0.9868		0.9854		0.9838		0.9821		0.9802		0.9780		0.9758		0.9731		0.9702		0.9670		0.9635		0.9595		0.9551		0.9502		0.9448
	66		0.9890		0.9878		0.9865		0.9850		0.9835		0.9816		0.9797		0.9776		0.9751		0.9724		0.9694		0.9661		0.9623		0.9582		0.9535		0.9484
	67		0.9899		0.9888		0.9875		0.9862		0.9847		0.9830		0.9812		0.9792		0.9770		0.9745		0.9717		0.9685		0.9650		0.9611		0.9567		0.9519
	68		0.9907		0.9896		0.9885		0.9873		0.9859		0.9844		0.9827		0.9809		0.9788		0.9764		0.9738		0.9708		0.9676		0.9639		0.9598		0.9553
	69		0.9914		0.9904		0.9894		0.9883		0.9870		0.9856		0.9840		0.9824		0.9805		0.9783		0.9758		0.9731		0.9700		0.9667		0.9628		0.9586
	70		0.9922		0.9912		0.9903		0.9892		0.9881		0.9868		0.9853		0.9838		0.9821		0.9800		0.9778		0.9752		0.9724		0.9692		0.9656		0.9617
	71		0.9928		0.9919		0.9911		0.9902		0.9891		0.9879		0.9866		0.9851		0.9835		0.9816		0.9795		0.9772		0.9746		0.9717		0.9683		0.9646
	72		0.9934		0.9927		0.9919		0.9910		0.9900		0.9889		0.9877		0.9864		0.9849		0.9832		0.9813		0.9791		0.9767		0.9740		0.9709		0.9675
	73		0.9940		0.9933		0.9926		0.9918		0.9909		0.9899		0.9888		0.9876		0.9862		0.9846		0.9828		0.9809		0.9787		0.9762		0.9733		0.9701
	74		0.9945		0.9939		0.9932		0.9925		0.9917		0.9907		0.9898		0.9887		0.9874		0.9860		0.9844		0.9826		0.9805		0.9783		0.9755		0.9726
	75		0.9950		0.9944		0.9938		0.9932		0.9925		0.9916		0.9907		0.9897		0.9886		0.9873		0.9858		0.9841		0.9822		0.9802		0.9777		0.9750
	76		0.9955		0.9949		0.9944		0.9938		0.9931		0.9924		0.9915		0.9906		0.9896		0.9884		0.9870		0.9856		0.9839		0.9820		0.9797		0.9772
	77		0.9959		0.9954		0.9949		0.9944		0.9937		0.9931		0.9923		0.9915		0.9906		0.9895		0.9883		0.9869		0.9854		0.9836		0.9815		0.9793
	78		0.9963		0.9959		0.9954		0.9949		0.9944		0.9937		0.9930		0.9923		0.9915		0.9905		0.9894		0.9882		0.9867		0.9851		0.9833		0.9812
	79		0.9967		0.9962		0.9958		0.9954		0.9949		0.9943		0.9937		0.9931		0.9923		0.9913		0.9904		0.9893		0.9880		0.9866		0.9848		0.9829
	80		0.9970		0.9966		0.9962		0.9958		0.9954		0.9948		0.9943		0.9937		0.9930		0.9922		0.9913		0.9903		0.9891		0.9879		0.9863		0.9846
	81		0.9973		0.9969		0.9966		0.9962		0.9958		0.9954		0.9948		0.9943		0.9937		0.9929		0.9922		0.9913		0.9902		0.9890		0.9876		0.9861
	82		0.9975		0.9972		0.9969		0.9966		0.9963		0.9958		0.9953		0.9949		0.9943		0.9937		0.9930		0.9921		0.9912		0.9901		0.9888		0.9874
	83		0.9978		0.9975		0.9973		0.9970		0.9966		0.9962		0.9958		0.9954		0.9949		0.9943		0.9936		0.9929		0.9921		0.9911		0.9900		0.9887
	84		0.9980		0.9978		0.9975		0.9972		0.9970		0.9966		0.9962		0.9959		0.9954		0.9949		0.9943		0.9936		0.9929		0.9920		0.9910		0.9898
	85		0.9982		0.9980		0.9978		0.9976		0.9973		0.9970		0.9966		0.9963		0.9959		0.9954		0.9949		0.9943		0.9936		0.9929		0.9919		0.9909

87

APPENDICES

Sub appendix A. 2

Table H –

For Distributions Beginning On And After July 1, 2004

50% Joint And Survivor Without Pop-Up

O&R Participants

		Age Of Pensioner
		62		63		64		65		66		67		68		69		70		71		72		73		74		75
	20		0.8023		0.7913		0.7796		0.7676		0.7549		0.7418		0.7284		0.7144		0.7000		0.6852		0.6699		0.6542		0.6381		0.6217
	21		0.8036		0.7925		0.7809		0.7688		0.7561		0.7431		0.7296		0.7156		0.7012		0.6864		0.6711		0.6554		0.6393		0.6229
	22		0.8049		0.7937		0.7821		0.7701		0.7574		0.7444		0.7309		0.7169		0.7025		0.6877		0.6724		0.6566		0.6406		0.6241
	23		0.8062		0.7952		0.7835		0.7714		0.7588		0.7457		0.7323		0.7183		0.7038		0.6890		0.6737		0.6579		0.6418		0.6254
	24		0.8076		0.7966		0.7850		0.7729		0.7602		0.7471		0.7337		0.7197		0.7052		0.6904		0.6751		0.6593		0.6432		0.6267
	25		0.8091		0.7980		0.7864		0.7744		0.7617		0.7486		0.7352		0.7212		0.7067		0.6919		0.6766		0.6607		0.6447		0.6281
	26		0.8107		0.7996		0.7880		0.7759		0.7633		0.7502		0.7368		0.7227		0.7082		0.6934		0.6781		0.6623		0.6462		0.6296
	27		0.8123		0.8013		0.7896		0.7776		0.7649		0.7518		0.7384		0.7244		0.7099		0.6950		0.6797		0.6639		0.6478		0.6312
	28		0.8140		0.8030		0.7914		0.7793		0.7667		0.7536		0.7401		0.7261		0.7116		0.6968		0.6814		0.6656		0.6494		0.6329
	29		0.8158		0.8048		0.7932		0.7811		0.7685		0.7554		0.7420		0.7279		0.7134		0.6986		0.6832		0.6674		0.6512		0.6346
	30		0.8177		0.8067		0.7951		0.7830		0.7704		0.7573		0.7439		0.7298		0.7153		0.7005		0.6851		0.6692		0.6531		0.6365
	31		0.8197		0.8087		0.7971		0.7850		0.7724		0.7594		0.7459		0.7318		0.7173		0.7025		0.6871		0.6712		0.6550		0.6384
	32		0.8217		0.8107		0.7992		0.7871		0.7745		0.7615		0.7480		0.7340		0.7194		0.7046		0.6892		0.6733		0.6571		0.6404
	33		0.8239		0.8129		0.8014		0.7893		0.7767		0.7637		0.7502		0.7362		0.7216		0.7068		0.6914		0.6755		0.6593		0.6426
	34		0.8262		0.8152		0.8037		0.7916		0.7790		0.7660		0.7525		0.7385		0.7240		0.7091		0.6937		0.6778		0.6615		0.6449
	35		0.8285		0.8175		0.8061		0.7940		0.7815		0.7684		0.7549		0.7409		0.7264		0.7115		0.6961		0.6802		0.6640		0.6472
	36		0.8310		0.8200		0.8085		0.7965		0.7840		0.7710		0.7575		0.7435		0.7290		0.7141		0.6986		0.6827		0.6665		0.6497
	37		0.8335		0.8226		0.8111		0.7992		0.7866		0.7736		0.7602		0.7462		0.7316		0.7167		0.7013		0.6854		0.6691		0.6524
	38		0.8361		0.8253		0.8139		0.8019		0.7894		0.7764		0.7630		0.7490		0.7344		0.7196		0.7041		0.6882		0.6719		0.6552
	39		0.8389		0.8281		0.8167		0.8048		0.7923		0.7793		0.7659		0.7519		0.7374		0.7225		0.7071		0.6912		0.6749		0.6581
	40		0.8418		0.8310		0.8197		0.8077		0.7953		0.7824		0.7690		0.7550		0.7405		0.7256		0.7102		0.6943		0.6780		0.6612
	41		0.8447		0.8340		0.8227		0.8109		0.7985		0.7855		0.7722		0.7582		0.7437		0.7288		0.7135		0.6975		0.6812		0.6643
	42		0.8479		0.8372		0.8259		0.8141		0.8017		0.7888		0.7755		0.7616		0.7471		0.7322		0.7168		0.7009		0.6845		0.6677
	43		0.8511		0.8404		0.8292		0.8175		0.8052		0.7923		0.7790		0.7651		0.7506		0.7358		0.7204		0.7045		0.6881		0.6713
	44		0.8544		0.8438		0.8327		0.8210		0.8087		0.7959		0.7826		0.7688		0.7544		0.7395		0.7241		0.7082		0.6918		0.6750
	45		0.8577		0.8473		0.8363		0.8246		0.8124		0.7996		0.7864		0.7725		0.7582		0.7434		0.7280		0.7121		0.6958		0.6789
	46		0.8613		0.8509		0.8399		0.8283		0.8162		0.8035		0.7903		0.7766		0.7622		0.7474		0.7321		0.7161		0.6998		0.6830
	47		0.8649		0.8546		0.8437		0.8322		0.8201		0.8075		0.7944		0.7807		0.7663		0.7516		0.7363		0.7204		0.7041		0.6872
	48		0.8686		0.8584		0.8476		0.8362		0.8242		0.8116		0.7986		0.7849		0.7707		0.7560		0.7407		0.7248		0.7085		0.6916
	49		0.8724		0.8623		0.8516		0.8403		0.8284		0.8159		0.8029		0.7893		0.7751		0.7605		0.7453		0.7294		0.7131		0.6963
	50		0.8762		0.8663		0.8557		0.8445		0.8327		0.8203		0.8075		0.7940		0.7798		0.7652		0.7500		0.7342		0.7180		0.7011
	51		0.8802		0.8703		0.8599		0.8489		0.8372		0.8249		0.8122		0.7987		0.7847		0.7701		0.7549		0.7392		0.7229		0.7062
	52		0.8842		0.8745		0.8642		0.8533		0.8417		0.8296		0.8169		0.8036		0.7897		0.7752		0.7601		0.7444		0.7282		0.7114

88

APPENDICES

Sub appendix A. 2

Table H –

For Distributions Beginning On And After July 1, 2004

50% Joint And Survivor Without Pop-Up

O&R Participants

		Age Of Pensioner
		62		63		64		65		66		67		68		69		70		71		72		73		74		75
	53		0.8883		0.8788		0.8687		0.8579		0.8464		0.8344		0.8219		0.8087		0.7948		0.7804		0.7655		0.7498		0.7337		0.7169
	54		0.8924		0.8831		0.8731		0.8625		0.8512		0.8394		0.8270		0.8139		0.8002		0.7859		0.7709		0.7554		0.7393		0.7226
	55		0.8966		0.8875		0.8777		0.8673		0.8562		0.8445		0.8322		0.8193		0.8057		0.7915		0.7767		0.7612		0.7452		0.7286
	56		0.9008		0.8919		0.8824		0.8721		0.8612		0.8497		0.8376		0.8248		0.8113		0.7973		0.7827		0.7672		0.7513		0.7348
	57		0.9052		0.8965		0.8870		0.8771		0.8664		0.8550		0.8431		0.8305		0.8172		0.8033		0.7887		0.7735		0.7577		0.7412
	58		0.9094		0.9010		0.8918		0.8820		0.8715		0.8605		0.8487		0.8363		0.8232		0.8095		0.7951		0.7800		0.7643		0.7479
	59		0.9138		0.9055		0.8966		0.8871		0.8768		0.8659		0.8545		0.8422		0.8293		0.8158		0.8016		0.7867		0.7711		0.7549
	60		0.9181		0.9101		0.9014		0.8921		0.8822		0.8715		0.8603		0.8483		0.8356		0.8223		0.8083		0.7935		0.7782		0.7620
	61		0.8352		0.9146		0.9062		0.8972		0.8875		0.8772		0.8662		0.8544		0.8420		0.8289		0.8151		0.8005		0.7854		0.7694
	62		0.9265		0.9191		0.9110		0.9023		0.8928		0.8828		0.8721		0.8607		0.8485		0.8357		0.8221		0.8078		0.7928		0.7770
	63		0.9307		0.9235		0.9158		0.9074		0.8983		0.8885		0.8781		0.8669		0.8551		0.8425		0.8292		0.8151		0.8004		0.7849
	64		0.9348		0.9280		0.9205		0.9124		0.9036		0.8941		0.8841		0.8732		0.8616		0.8494		0.8364		0.8226		0.8082		0.7929
	65		0.9388		0.9323		0.9252		0.9174		0.9089		0.8998		0.8900		0.8795		0.8683		0.8564		0.8437		0.8301		0.8160		0.8010
	66		0.9427		0.9365		0.9297		0.9223		0.9141		0.9053		0.8960		0.8858		0.8749		0.8633		0.8510		0.8378		0.8239		0.8092
	67		0.9466		0.9406		0.9341		0.9271		0.9193		0.9109		0.9019		0.8921		0.8815		0.8703		0.8583		0.8455		0.8319		0.8176
	68		0.9503		0.9447		0.9385		0.9318		0.9243		0.9163		0.9076		0.8982		0.8881		0.8772		0.8656		0.8532		0.8400		0.8260
	69		0.9538		0.9485		0.9427		0.9363		0.9292		0.9216		0.9133		0.9043		0.8945		0.8841		0.8729		0.8608		0.8480		0.8343
	70		0.9572		0.9522		0.9468		0.9407		0.9340		0.9267		0.9189		0.9102		0.9009		0.8909		0.8801		0.8685		0.8560		0.8427
	71		0.9604		0.9558		0.9506		0.9450		0.9386		0.9317		0.9242		0.9161		0.9071		0.8975		0.8872		0.8760		0.8640		0.8512
	72		0.9635		0.9592		0.9544		0.9490		0.9431		0.9366		0.9295		0.9217		0.9132		0.9041		0.8942		0.8834		0.8719		0.8595
	73		0.9665		0.9625		0.9579		0.9529		0.9474		0.9412		0.9346		0.9272		0.9191		0.9104		0.9010		0.8907		0.8796		0.8678
	74		0.9693		0.9655		0.9613		0.9566		0.9514		0.9457		0.9394		0.9325		0.9248		0.9167		0.9077		0.8978		0.8873		0.8758
	75		0.9719		0.9685		0.9645		0.9602		0.9553		0.9499		0.9441		0.9375		0.9304		0.9226		0.9141		0.9048		0.8947		0.8837
	76		0.9743		0.9711		0.9676		0.9635		0.9590		0.9540		0.9485		0.9424		0.9357		0.9283		0.9203		0.9115		0.9019		0.8915
	77		0.9766		0.9737		0.9704		0.9667		0.9624		0.9578		0.9527		0.9470		0.9406		0.9338		0.9263		0.9178		0.9088		0.8990
	78		0.9788		0.9761		0.9730		0.9696		0.9657		0.9614		0.9567		0.9514		0.9455		0.9391		0.9320		0.9240		0.9155		0.9061
	79		0.9807		0.9783		0.9754		0.9723		0.9687		0.9648		0.9604		0.9554		0.9500		0.9439		0.9374		0.9299		0.9219		0.9130
	80		0.9826		0.9803		0.9778		0.9748		0.9715		0.9679		0.9638		0.9593		0.9541		0.9486		0.9424		0.9355		0.9280		0.9197
	81		0.9842		0.9822		0.9798		0.9772		0.9742		0.9708		0.9670		0.9629		0.9581		0.9530		0.9473		0.9407		0.9338		0.9259
	82		0.9858		0.9839		0.9818		0.9794		0.9765		0.9734		0.9701		0.9662		0.9618		0.9571		0.9517		0.9458		0.9392		0.9318
	83		0.9872		0.9855		0.9836		0.9814		0.9788		0.9760		0.9729		0.9693		0.9653		0.9609		0.9560		0.9504		0.9443		0.9375
	84		0.9885		0.9869		0.9852		0.9832		0.9809		0.9783		0.9755		0.9722		0.9685		0.9645		0.9600		0.9548		0.9491		0.9428
	85		0.9897		0.9883		0.9867		0.9849		0.9828		0.9805		0.9779		0.9749		0.9715		0.9678		0.9637		0.9589		0.9537		0.9478

89

APPENDICES

Sub appendix A. 2

Table I –

Distributions Beginning On And After July 1, 2004

100% Joint And Survivor With Pop-Up

O&R Participants

		Age Of Pensioner
		30		31		32		33		34		35		36		37		38		39		40		41		42		43		44		45
	20		0.9497		0.9458		0.9418		0.9375		0.9330		0.9282		0.9231		0.9177		0.9121		0.9061		0.8998		0.8931		0.8861		0.8788		0.8711		0.8631
	21		0.9509		0.9471		0.9432		0.9389		0.9344		0.9297		0.9247		0.9193		0.9136		0.9077		0.9014		0.8948		0.8878		0.8805		0.8729		0.8649
	22		0.9522		0.9485		0.9446		0.9404		0.9359		0.9312		0.9262		0.9209		0.9153		0.9094		0.9031		0.8965		0.8896		0.8824		0.8747		0.8667
	23		0.9535		0.9498		0.9460		0.9419		0.9374		0.9327		0.9278		0.9226		0.9170		0.9111		0.9049		0.8983		0.8914		0.8842		0.8766		0.8686
	24		0.9548		0.9512		0.9474		0.9433		0.9389		0.9343		0.9294		0.9243		0.9187		0.9129		0.9067		0.9002		0.8933		0.8861		0.8785		0.8706
	25		0.9561		0.9526		0.9488		0.9448		0.9405		0.9359		0.9311		0.9260		0.9205		0.9147		0.9086		0.9020		0.8952		0.8881		0.8805		0.8726
	26		0.9575		0.9540		0.9503		0.9463		0.9421		0.9376		0.9328		0.9277		0.9223		0.9166		0.9105		0.9040		0.8972		0.8901		0.8826		0.8748
	27		0.9588		0.9553		0.9518		0.9479		0.9437		0.9392		0.9345		0.9295		0.9241		0.9184		0.9124		0.9060		0.8993		0.8922		0.8847		0.8769
	28		0.9601		0.9567		0.9532		0.9494		0.9453		0.9409		0.9363		0.9313		0.9260		0.9204		0.9144		0.9081		0.9014		0.8943		0.8869		0.8791
	29		0.9614		0.9581		0.9547		0.9509		0.9469		0.9426		0.9380		0.9332		0.9279		0.9223		0.9164		0.9101		0.9035		0.8966		0.8892		0.8815
	30		0.9627		0.9595		0.9562		0.9525		0.9485		0.9443		0.9398		0.9350		0.9298		0.9243		0.9185		0.9123		0.9057		0.8988		0.8915		0.8838
	31		0.9640		0.9609		0.9576		0.9540		0.9501		0.9460		0.9416		0.9369		0.9318		0.9264		0.9206		0.9145		0.9080		0.9012		0.8938		0.8863
	32		0.9653		0.9623		0.9591		0.9556		0.9518		0.9477		0.9434		0.9387		0.9337		0.9284		0.9228		0.9167		0.9102		0.9035		0.8962		0.8887
	33		0.9666		0.9637		0.9605		0.9571		0.9534		0.9494		0.9452		0.9407		0.9357		0.9305		0.9249		0.9189		0.9125		0.9059		0.8987		0.8913
	34		0.9679		0.9650		0.9619		0.9586		0.9550		0.9511		0.9470		0.9425		0.9377		0.9326		0.9271		0.9211		0.9149		0.9083		0.9013		0.8938
	35		0.9691		0.9663		0.9633		0.9601		0.9566		0.9528		0.9488		0.9444		0.9397		0.9346		0.9292		0.9234		0.9173		0.9107		0.9038		0.8965
	36		0.9703		0.9676		0.9647		0.9616		0.9582		0.9545		0.9506		0.9463		0.9417		0.9367		0.9314		0.9257		0.9197		0.9133		0.9064		0.8992
	37		0.9715		0.9689		0.9661		0.9631		0.9598		0.9562		0.9524		0.9482		0.9436		0.9389		0.9336		0.9280		0.9221		0.9158		0.9090		0.9019
	38		0.9726		0.9701		0.9674		0.9645		0.9613		0.9578		0.9541		0.9500		0.9456		0.9409		0.9358		0.9303		0.9245		0.9183		0.9116		0.9046
	39		0.9737		0.9713		0.9687		0.9659		0.9628		0.9594		0.9558		0.9519		0.9476		0.9430		0.9380		0.9326		0.9269		0.9209		0.9143		0.9074
	40		0.9748		0.9725		0.9700		0.9673		0.9643		0.9610		0.9575		0.9537		0.9495		0.9450		0.9402		0.9350		0.9294		0.9234		0.9169		0.9102
	41		0.9759		0.9737		0.9713		0.9686		0.9657		0.9626		0.9592		0.9555		0.9514		0.9471		0.9424		0.9373		0.9318		0.9260		0.9196		0.9130
	42		0.9770		0.9748		0.9725		0.9699		0.9672		0.9641		0.9609		0.9573		0.9533		0.9491		0.9445		0.9395		0.9342		0.9285		0.9223		0.9158
	43		0.9780		0.9759		0.9737		0.9712		0.9685		0.9656		0.9625		0.9590		0.9551		0.9511		0.9466		0.9418		0.9365		0.9310		0.9250		0.9186
	44		0.9789		0.9769		0.9748		0.9725		0.9699		0.9670		0.9640		0.9607		0.9570		0.9531		0.9487		0.9440		0.9389		0.9335		0.9276		0.9214
	45		0.9799		0.9780		0.9759		0.9737		0.9712		0.9685		0.9655		0.9624		0.9588		0.9550		0.9508		0.9462		0.9413		0.9360		0.9303		0.9242
	46		0.9808		0.9789		0.9770		0.9748		0.9724		0.9698		0.9670		0.9639		0.9605		0.9568		0.9528		0.9483		0.9436		0.9384		0.9329		0.9269
	47		0.9816		0.9799		0.9780		0.9759		0.9737		0.9712		0.9685		0.9655		0.9622		0.9586		0.9547		0.9504		0.9458		0.9409		0.9355		0.9297
	48		0.9825		0.9808		0.9790		0.9771		0.9749		0.9725		0.9699		0.9670		0.9639		0.9604		0.9567		0.9525		0.9481		0.9433		0.9380		0.9324
	49		0.9832		0.9817		0.9800		0.9781		0.9760		0.9737		0.9713		0.9685		0.9655		0.9622		0.9585		0.9545		0.9502		0.9456		0.9405		0.9351
	50		0.9840		0.9825		0.9809		0.9791		0.9771		0.9749		0.9726		0.9699		0.9670		0.9638		0.9604		0.9565		0.9523		0.9479		0.9429		0.9377
	51		0.9848		0.9833		0.9818		0.9801		0.9782		0.9761		0.9738		0.9713		0.9685		0.9655		0.9621		0.9584		0.9544		0.9502		0.9454		0.9403
	52		0.9855		0.9841		0.9827		0.9811		0.9792		0.9772		0.9751		0.9727		0.9700		0.9671		0.9639		0.9603		0.9565		0.9523		0.9477		0.9428

90

APPENDICES

Sub appendix A. 2

Table I –

Distributions Beginning On And After July 1, 2004

100% Joint And Survivor With Pop-Up

O&R Participants

		Age Of Pensioner
		30		31		32		33		34		35		36		37		38		39		40		41		42		43		44		45
	53		0.9862		0.9849		0.9835		0.9820		0.9802		0.9783		0.9762		0.9739		0.9714		0.9686		0.9655		0.9621		0.9584		0.9544		0.9500		0.9453
	54		0.9869		0.9856		0.9843		0.9828		0.9812		0.9793		0.9774		0.9752		0.9727		0.9701		0.9672		0.9639		0.9603		0.9565		0.9523		0.9477
	55		0.9875		0.9863		0.9850		0.9837		0.9821		0.9803		0.9785		0.9764		0.9741		0.9715		0.9687		0.9656		0.9622		0.9585		0.9544		0.9501
	56		0.9881		0.9870		0.9858		0.9844		0.9830		0.9813		0.9795		0.9776		0.9753		0.9729		0.9702		0.9672		0.9639		0.9605		0.9565		0.9524
	57		0.9887		0.9876		0.9865		0.9852		0.9838		0.9822		0.9806		0.9787		0.9765		0.9742		0.9716		0.9688		0.9657		0.9623		0.9586		0.9545
	58		0.9892		0.9882		0.9871		0.9860		0.9846		0.9831		0.9815		0.9797		0.9777		0.9755		0.9731		0.9703		0.9674		0.9641		0.9605		0.9567
	59		0.9898		0.9888		0.9878		0.9867		0.9854		0.9840		0.9825		0.9807		0.9788		0.9768		0.9744		0.9718		0.9689		0.9659		0.9625		0.9588
	60		0.9903		0.9894		0.9884		0.9874		0.9861		0.9848		0.9833		0.9817		0.9799		0.9779		0.9757		0.9732		0.9705		0.9676		0.9643		0.9608
	61		0.9907		0.9899		0.9890		0.9880		0.9868		0.9855		0.9842		0.9827		0.9809		0.9790		0.9769		0.9746		0.9720		0.9692		0.9661		0.9627
	62		0.9912		0.9904		0.9896		0.9886		0.9875		0.9863		0.9850		0.9835		0.9819		0.9801		0.9781		0.9758		0.9734		0.9707		0.9677		0.9645
	63		0.9917		0.9909		0.9901		0.9892		0.9882		0.9870		0.9858		0.9844		0.9828		0.9811		0.9793		0.9771		0.9748		0.9722		0.9694		0.9664
	64		0.9921		0.9914		0.9906		0.9897		0.9888		0.9877		0.9866		0.9852		0.9837		0.9821		0.9803		0.9783		0.9760		0.9737		0.9709		0.9680
	65		0.9925		0.9918		0.9911		0.9903		0.9893		0.9883		0.9873		0.9860		0.9846		0.9831		0.9813		0.9794		0.9773		0.9750		0.9724		0.9697
	66		0.9929		0.9923		0.9916		0.9908		0.9899		0.9890		0.9879		0.9868		0.9854		0.9840		0.9823		0.9805		0.9785		0.9763		0.9739		0.9713
	67		0.9933		0.9927		0.9920		0.9913		0.9904		0.9896		0.9886		0.9875		0.9862		0.9849		0.9833		0.9815		0.9796		0.9776		0.9752		0.9727
	68		0.9936		0.9930		0.9925		0.9918		0.9910		0.9902		0.9892		0.9882		0.9869		0.9856		0.9842		0.9825		0.9807		0.9788		0.9766		0.9742
	69		0.9940		0.9934		0.9929		0.9922		0.9915		0.9907		0.9898		0.9888		0.9876		0.9865		0.9850		0.9835		0.9818		0.9799		0.9778		0.9756
	70		0.9943		0.9938		0.9932		0.9926		0.9920		0.9912		0.9904		0.9894		0.9884		0.9872		0.9859		0.9844		0.9827		0.9810		0.9790		0.9769
	71		0.9946		0.9941		0.9936		0.9931		0.9924		0.9917		0.9909		0.9900		0.9890		0.9879		0.9867		0.9852		0.9837		0.9820		0.9801		0.9781
	72		0.9949		0.9944		0.9940		0.9934		0.9928		0.9922		0.9914		0.9906		0.9896		0.9886		0.9874		0.9861		0.9846		0.9830		0.9813		0.9793
	73		0.9952		0.9947		0.9943		0.9938		0.9932		0.9926		0.9919		0.9911		0.9902		0.9892		0.9881		0.9868		0.9855		0.9840		0.9822		0.9805
	74		0.9954		0.9950		0.9946		0.9942		0.9936		0.9930		0.9923		0.9916		0.9907		0.9898		0.9888		0.9876		0.9863		0.9849		0.9832		0.9815
	75		0.9956		0.9953		0.9949		0.9945		0.9940		0.9934		0.9928		0.9921		0.9913		0.9904		0.9895		0.9883		0.9871		0.9857		0.9842		0.9825
	76		0.9959		0.9956		0.9952		0.9948		0.9943		0.9937		0.9932		0.9926		0.9918		0.9910		0.9901		0.9889		0.9878		0.9865		0.9850		0.9835
	77		0.9961		0.9958		0.9954		0.9951		0.9946		0.9941		0.9936		0.9930		0.9923		0.9915		0.9906		0.9896		0.9885		0.9873		0.9859		0.9845
	78		0.9963		0.9960		0.9957		0.9953		0.9949		0.9945		0.9940		0.9934		0.9927		0.9920		0.9912		0.9902		0.9892		0.9880		0.9867		0.9853
	79		0.9966		0.9963		0.9959		0.9956		0.9952		0.9948		0.9944		0.9938		0.9931		0.9925		0.9917		0.9908		0.9898		0.9887		0.9875		0.9862
	80		0.9967		0.9964		0.9962		0.9959		0.9955		0.9951		0.9947		0.9942		0.9936		0.9929		0.9922		0.9913		0.9904		0.9894		0.9882		0.9870
	81		0.9969		0.9967		0.9964		0.9961		0.9957		0.9954		0.9950		0.9945		0.9939		0.9934		0.9927		0.9918		0.9910		0.9900		0.9889		0.9877
	82		0.9971		0.9968		0.9966		0.9963		0.9960		0.9956		0.9953		0.9949		0.9943		0.9938		0.9931		0.9923		0.9915		0.9906		0.9895		0.9884
	83		0.9973		0.9970		0.9968		0.9966		0.9963		0.9959		0.9956		0.9952		0.9947		0.9941		0.9935		0.9928		0.9920		0.9912		0.9902		0.9891
	84		0.9974		0.9972		0.9970		0.9968		0.9964		0.9962		0.9959		0.9955		0.9950		0.9945		0.9940		0.9932		0.9925		0.9917		0.9908		0.9898
	85		0.9976		0.9974		0.9972		0.9969		0.9967		0.9964		0.9961		0.9958		0.9953		0.9949		0.9943		0.9937		0.9930		0.9922		0.9914		0.9904

91

APPENDICES

Sub appendix A. 2

Table I –

Distributions Beginning On And After July 1, 2004

100% Joint And Survivor With Pop-Up

O&R Participants

		Age Of Pensioner
		46		47		48		49		50		51		52		53		54		55		56		57		58		59		60		61
	20		0.8549		0.8462		0.8372		0.8278		0.8181		0.8080		0.7975		0.7867		0.7755		0.7637		0.7516		0.7390		0.7259		0.7124		0.6983		0.6839
	21		0.8566		0.8480		0.8390		0.8296		0.8199		0.8098		0.7994		0.7885		0.7772		0.7655		0.7534		0.7408		0.7277		0.7141		0.7000		0.6856
	22		0.8585		0.8498		0.8408		0.8315		0.8218		0.8117		0.8013		0.7904		0.7791		0.7674		0.7552		0.7426		0.7295		0.7159		0.7018		0.6873
	23		0.8604		0.8517		0.8428		0.8335		0.8238		0.8137		0.8032		0.7924		0.7811		0.7693		0.7571		0.7445		0.7314		0.7178		0.7037		0.6892
	24		0.8624		0.8537		0.8448		0.8355		0.8258		0.8157		0.8052		0.7944		0.7831		0.7714		0.7592		0.7465		0.7334		0.7198		0.7057		0.6911
	25		0.8644		0.8558		0.8469		0.8376		0.8280		0.8178		0.8074		0.7966		0.7853		0.7735		0.7613		0.7487		0.7355		0.7219		0.7078		0.6932
	26		0.8666		0.8580		0.8491		0.8398		0.8302		0.8201		0.8096		0.7988		0.7875		0.7757		0.7636		0.7509		0.7377		0.7241		0.7099		0.6953
	27		0.8688		0.8602		0.8513		0.8421		0.8324		0.8224		0.8119		0.8011		0.7898		0.7781		0.7659		0.7532		0.7400		0.7264		0.7122		0.6976
	28		0.8711		0.8625		0.8537		0.8444		0.8348		0.8248		0.8144		0.8036		0.7923		0.7805		0.7683		0.7556		0.7424		0.7287		0.7145		0.6999
	29		0.8734		0.8649		0.8561		0.8469		0.8373		0.8273		0.8169		0.8061		0.7948		0.7830		0.7708		0.7581		0.7449		0.7312		0.7170		0.7024
	30		0.8758		0.8673		0.8586		0.8494		0.8398		0.8298		0.8195		0.8087		0.7974		0.7857		0.7734		0.7608		0.7475		0.7339		0.7196		0.7049
	31		0.8783		0.8699		0.8611		0.8520		0.8425		0.8325		0.8222		0.8114		0.8002		0.7884		0.7762		0.7635		0.7503		0.7366		0.7223		0.7076
	32		0.8808		0.8725		0.8638		0.8547		0.8452		0.8353		0.8250		0.8142		0.8030		0.7912		0.7790		0.7663		0.7531		0.7394		0.7252		0.7104
	33		0.8834		0.8751		0.8665		0.8575		0.8480		0.8381		0.8279		0.8172		0.8059		0.7942		0.7820		0.7693		0.7561		0.7424		0.7281		0.7134
	34		0.8861		0.8779		0.8693		0.8603		0.8509		0.8411		0.8308		0.8202		0.8090		0.7973		0.7851		0.7724		0.7592		0.7455		0.7312		0.7164
	35		0.8888		0.8807		0.8722		0.8633		0.8539		0.8441		0.8339		0.8233		0.8121		0.8004		0.7883		0.7756		0.7624		0.7487		0.7344		0.7196
	36		0.8915		0.8835		0.8751		0.8662		0.8570		0.8472		0.8371		0.8265		0.8154		0.8037		0.7916		0.7790		0.7658		0.7521		0.7377		0.7230
	37		0.8944		0.8864		0.8781		0.8693		0.8601		0.8504		0.8404		0.8298		0.8188		0.8072		0.7951		0.7824		0.7693		0.7555		0.7412		0.7264
	38		0.8972		0.8894		0.8811		0.8724		0.8633		0.8537		0.8437		0.8333		0.8222		0.8107		0.7986		0.7860		0.7728		0.7591		0.7449		0.7300
	39		0.9001		0.8923		0.8842		0.8756		0.8666		0.8571		0.8471		0.8367		0.8258		0.8143		0.8023		0.7897		0.7766		0.7629		0.7486		0.7338
	40		0.9030		0.8954		0.8873		0.8788		0.8699		0.8605		0.8506		0.8403		0.8295		0.8180		0.8060		0.7935		0.7804		0.7668		0.7525		0.7377
	41		0.9059		0.8984		0.8905		0.8821		0.8733		0.8640		0.8542		0.8440		0.8332		0.8218		0.8099		0.7974		0.7844		0.7708		0.7565		0.7418
	42		0.9089		0.9014		0.8937		0.8854		0.8767		0.8675		0.8579		0.8477		0.8370		0.8257		0.8139		0.8015		0.7885		0.7749		0.7607		0.7459
	43		0.9118		0.9046		0.8969		0.8888		0.8802		0.8712		0.8616		0.8515		0.8409		0.8297		0.8180		0.8057		0.7927		0.7792		0.7650		0.7503
	44		0.9148		0.9077		0.9001		0.8921		0.8837		0.8748		0.8653		0.8554		0.8450		0.8338		0.8222		0.8099		0.7971		0.7836		0.7694		0.7548
	45		0.9177		0.9107		0.9034		0.8955		0.8872		0.8785		0.8692		0.8594		0.8490		0.8380		0.8265		0.8143		0.8015		0.7881		0.7740		0.7594
	46		0.9206		0.9138		0.9066		0.8990		0.8908		0.8822		0.8730		0.8634		0.8531		0.8423		0.8308		0.8188		0.8061		0.7928		0.7788		0.7642
	47		0.9235		0.9169		0.9099		0.9024		0.8944		0.8859		0.8769		0.8674		0.8573		0.8466		0.8353		0.8233		0.8108		0.7976		0.7836		0.7691
	48		0.9264		0.9200		0.9131		0.9057		0.8980		0.8896		0.8808		0.8715		0.8616		0.8510		0.8398		0.8280		0.8155		0.8024		0.7885		0.7741
	49		0.9293		0.9230		0.9163		0.9091		0.9015		0.8934		0.8847		0.8756		0.8658		0.8554		0.8444		0.8327		0.8204		0.8074		0.7936		0.7793
	50		0.9321		0.9260		0.9195		0.9125		0.9051		0.8971		0.8887		0.8797		0.8701		0.8599		0.8490		0.8375		0.8253		0.8124		0.7988		0.7846
	51		0.9349		0.9289		0.9226		0.9158		0.9086		0.9008		0.8926		0.8838		0.8744		0.8643		0.8537		0.8423		0.8303		0.8176		0.8041		0.7900
	52		0.9375		0.9318		0.9257		0.9191		0.9122		0.9046		0.8965		0.8879		0.8787		0.8689		0.8584		0.8472		0.8354		0.8228		0.8095		0.7955

92

APPENDICES

Sub appendix A. 2

Table I –

Distributions Beginning On And After July 1, 2004

100% Joint And Survivor With Pop-Up

O&R Participants

		Age Of Pensioner
		46		47		48		49		50		51		52		53		54		55		56		57		58		59		60		61
	53		0.9402		0.9347		0.9288		0.9224		0.9156		0.9083		0.9004		0.8920		0.8831		0.8734		0.8631		0.8521		0.8405		0.8281		0.8149		0.8011
	54		0.9428		0.9374		0.9318		0.9256		0.9190		0.9119		0.9043		0.8961		0.8874		0.8779		0.8679		0.8571		0.8457		0.8335		0.8205		0.8068
	55		0.9454		0.9402		0.9347		0.9288		0.9224		0.9155		0.9081		0.9002		0.8917		0.8824		0.8726		0.8621		0.8509		0.8388		0.8261		0.8126
	56		0.9478		0.9429		0.9376		0.9319		0.9257		0.9190		0.9118		0.9042		0.8959		0.8870		0.8774		0.8671		0.8560		0.8443		0.8317		0.8184
	57		0.9502		0.9455		0.9404		0.9349		0.9290		0.9225		0.9155		0.9081		0.9001		0.8914		0.8821		0.8720		0.8613		0.8497		0.8374		0.8243
	58		0.9525		0.9480		0.9431		0.9378		0.9321		0.9259		0.9192		0.9121		0.9043		0.8958		0.8867		0.8770		0.8665		0.8552		0.8431		0.8302
	59		0.9548		0.9505		0.9457		0.9407		0.9352		0.9292		0.9228		0.9159		0.9083		0.9001		0.8914		0.8818		0.8716		0.8606		0.8488		0.8362
	60		0.9570		0.9528		0.9483		0.9434		0.9382		0.9324		0.9263		0.9196		0.9123		0.9044		0.8959		0.8867		0.8767		0.8660		0.8545		0.8421
	61		0.9591		0.9551		0.9508		0.9462		0.9411		0.9356		0.9297		0.9233		0.9163		0.9087		0.9004		0.8915		0.8818		0.8714		0.8601		0.8480
	62		0.9611		0.9573		0.9532		0.9488		0.9440		0.9387		0.9330		0.9269		0.9202		0.9128		0.9049		0.8962		0.8868		0.8767		0.8657		0.8540
	63		0.9630		0.9594		0.9555		0.9513		0.9467		0.9417		0.9362		0.9303		0.9239		0.9168		0.9091		0.9008		0.8918		0.8820		0.8713		0.8598
	64		0.9649		0.9614		0.9578		0.9537		0.9494		0.9445		0.9393		0.9337		0.9276		0.9208		0.9134		0.9054		0.8966		0.8871		0.8767		0.8656
	65		0.9667		0.9634		0.9599		0.9561		0.9519		0.9473		0.9423		0.9370		0.9311		0.9246		0.9175		0.9098		0.9013		0.8922		0.8821		0.8714
	66		0.9685		0.9653		0.9620		0.9583		0.9543		0.9500		0.9453		0.9402		0.9345		0.9283		0.9215		0.9141		0.9059		0.8971		0.8874		0.8770
	67		0.9701		0.9671		0.9639		0.9605		0.9567		0.9526		0.9480		0.9432		0.9378		0.9318		0.9254		0.9183		0.9105		0.9019		0.8926		0.8825
	68		0.9717		0.9688		0.9658		0.9625		0.9589		0.9550		0.9507		0.9461		0.9410		0.9354		0.9291		0.9223		0.9148		0.9067		0.8977		0.8879
	69		0.9732		0.9704		0.9676		0.9645		0.9611		0.9574		0.9533		0.9489		0.9441		0.9386		0.9328		0.9263		0.9191		0.9112		0.9026		0.8932
	70		0.9746		0.9721		0.9693		0.9664		0.9632		0.9596		0.9558		0.9516		0.9470		0.9419		0.9363		0.9301		0.9233		0.9157		0.9074		0.8984
	71		0.9759		0.9736		0.9709		0.9681		0.9651		0.9618		0.9582		0.9542		0.9498		0.9449		0.9397		0.9338		0.9272		0.9200		0.9121		0.9034
	72		0.9773		0.9749		0.9725		0.9699		0.9670		0.9638		0.9604		0.9567		0.9526		0.9479		0.9429		0.9373		0.9311		0.9242		0.9166		0.9083
	73		0.9785		0.9763		0.9740		0.9715		0.9688		0.9658		0.9626		0.9591		0.9551		0.9507		0.9460		0.9406		0.9348		0.9282		0.9210		0.9130
	74		0.9797		0.9777		0.9754		0.9731		0.9705		0.9677		0.9646		0.9613		0.9576		0.9535		0.9490		0.9439		0.9383		0.9321		0.9252		0.9176
	75		0.9808		0.9789		0.9768		0.9746		0.9721		0.9694		0.9666		0.9634		0.9600		0.9561		0.9518		0.9470		0.9417		0.9358		0.9292		0.9219
	76		0.9819		0.9800		0.9780		0.9760		0.9737		0.9711		0.9685		0.9655		0.9623		0.9585		0.9545		0.9500		0.9450		0.9394		0.9331		0.9262
	77		0.9829		0.9811		0.9793		0.9773		0.9751		0.9728		0.9702		0.9674		0.9643		0.9609		0.9570		0.9528		0.9481		0.9428		0.9368		0.9302
	78		0.9839		0.9822		0.9805		0.9786		0.9766		0.9743		0.9719		0.9693		0.9664		0.9631		0.9595		0.9555		0.9510		0.9460		0.9403		0.9341
	79		0.9847		0.9832		0.9816		0.9797		0.9779		0.9757		0.9735		0.9710		0.9683		0.9652		0.9618		0.9581		0.9538		0.9490		0.9437		0.9378
	80		0.9856		0.9841		0.9826		0.9809		0.9791		0.9771		0.9749		0.9727		0.9701		0.9672		0.9641		0.9605		0.9565		0.9520		0.9469		0.9414
	81		0.9865		0.9850		0.9836		0.9820		0.9803		0.9784		0.9764		0.9743		0.9718		0.9691		0.9661		0.9627		0.9590		0.9548		0.9500		0.9447
	82		0.9873		0.9859		0.9845		0.9831		0.9814		0.9796		0.9778		0.9758		0.9735		0.9709		0.9682		0.9650		0.9615		0.9575		0.9529		0.9480
	83		0.9880		0.9868		0.9855		0.9840		0.9825		0.9808		0.9790		0.9772		0.9751		0.9727		0.9700		0.9671		0.9637		0.9600		0.9558		0.9511
	84		0.9888		0.9875		0.9863		0.9850		0.9835		0.9820		0.9803		0.9785		0.9765		0.9743		0.9718		0.9690		0.9659		0.9624		0.9584		0.9540
	85		0.9894		0.9882		0.9871		0.9858		0.9845		0.9830		0.9815		0.9798		0.9780		0.9758		0.9735		0.9709		0.9680		0.9648		0.9609		0.9567

93

APPENDICES

Sub appendix A. 2

Table I –

Distributions Beginning On And After July 1, 2004

100% Joint And Survivor With Pop-Up

O&R Participants

		Age Of Pensioner
		62		63		64		65		66		67		68		69		70		71		72		73		74		75
	20		0.6690		0.6537		0.6379		0.6219		0.6055		0.5888		0.5720		0.5549		0.5377		0.5204		0.5030		0.4855		0.4680		0.4505
	21		0.6706		0.6553		0.6396		0.6235		0.6070		0.5903		0.5735		0.5564		0.5391		0.5218		0.5043		0.4868		0.4692		0.4517
	22		0.6724		0.6570		0.6413		0.6251		0.6086		0.5919		0.5750		0.5579		0.5406		0.5232		0.5057		0.4881		0.4705		0.4529
	23		0.6742		0.6588		0.6430		0.6268		0.6103		0.5936		0.5767		0.5595		0.5421		0.5247		0.5072		0.4895		0.4719		0.4543
	24		0.6761		0.6607		0.6449		0.6287		0.6121		0.5953		0.5784		0.5611		0.5438		0.5263		0.5087		0.4910		0.4733		0.4556
	25		0.6781		0.6627		0.6468		0.6306		0.6140		0.5972		0.5801		0.5629		0.5455		0.5279		0.5103		0.4926		0.4748		0.4571
	26		0.6802		0.6647		0.6489		0.6326		0.6160		0.5991		0.5820		0.5647		0.5472		0.5297		0.5120		0.4942		0.4764		0.4586
	27		0.6825		0.6670		0.6510		0.6347		0.6180		0.6011		0.5840		0.5667		0.5491		0.5315		0.5138		0.4959		0.4781		0.4603
	28		0.6848		0.6692		0.6533		0.6369		0.6202		0.6033		0.5861		0.5687		0.5511		0.5335		0.5157		0.4978		0.4799		0.4620
	29		0.6872		0.6716		0.6556		0.6392		0.6225		0.6055		0.5883		0.5709		0.5532		0.5355		0.5176		0.4997		0.4817		0.4638
	30		0.6897		0.6741		0.6581		0.6417		0.6249		0.6079		0.5906		0.5731		0.5554		0.5377		0.5197		0.5017		0.4837		0.4657
	31		0.6924		0.6768		0.6607		0.6442		0.6274		0.6103		0.5930		0.5755		0.5577		0.5399		0.5219		0.5038		0.4858		0.4677
	32		0.6952		0.6795		0.6634		0.6469		0.6301		0.6129		0.5956		0.5780		0.5601		0.5423		0.5243		0.5061		0.4880		0.4698
	33		0.6981		0.6824		0.6663		0.6498		0.6328		0.6156		0.5982		0.5806		0.5627		0.5448		0.5267		0.5084		0.4903		0.4720
	34		0.7012		0.6854		0.6692		0.6527		0.6357		0.6185		0.6010		0.5833		0.5654		0.5474		0.5292		0.5109		0.4927		0.4744
	35		0.7043		0.6886		0.6724		0.6558		0.6388		0.6215		0.6040		0.5862		0.5682		0.5501		0.5319		0.5135		0.4952		0.4768
	36		0.7077		0.6919		0.6756		0.6590		0.6419		0.6246		0.6070		0.5892		0.5712		0.5530		0.5347		0.5163		0.4978		0.4794
	37		0.7111		0.6953		0.6790		0.6623		0.6453		0.6279		0.6103		0.5924		0.5743		0.5561		0.5377		0.5191		0.5007		0.4821
	38		0.7147		0.6989		0.6826		0.6659		0.6488		0.6313		0.6136		0.5957		0.5775		0.5592		0.5408		0.5222		0.5036		0.4850
	39		0.7185		0.7026		0.6863		0.6695		0.6524		0.6349		0.6172		0.5992		0.5809		0.5626		0.5440		0.5254		0.5067		0.4880
	40		0.7223		0.7065		0.6902		0.6734		0.6562		0.6387		0.6209		0.6028		0.5845		0.5661		0.5475		0.5287		0.5100		0.4912
	41		0.7264		0.7105		0.6942		0.6774		0.6601		0.6426		0.6247		0.6066		0.5882		0.5697		0.5511		0.5322		0.5134		0.4945
	42		0.7306		0.7148		0.6984		0.6815		0.6643		0.6467		0.6288		0.6106		0.5921		0.5736		0.5548		0.5359		0.5170		0.4980
	43		0.7349		0.7191		0.7027		0.6859		0.6685		0.6509		0.6330		0.6147		0.5962		0.5776		0.5588		0.5397		0.5207		0.5016
	44		0.7395		0.7236		0.7072		0.6904		0.6731		0.6554		0.6374		0.6191		0.6005		0.5818		0.5629		0.5438		0.5246		0.5055
	45		0.7441		0.7283		0.7119		0.6951		0.6777		0.6600		0.6420		0.6236		0.6050		0.5862		0.5672		0.5480		0.5288		0.5095
	46		0.7489		0.7331		0.7168		0.6999		0.6826		0.6648		0.6468		0.6283		0.6096		0.5908		0.5717		0.5524		0.5331		0.5137
	47		0.7539		0.7381		0.7218		0.7049		0.6876		0.6698		0.6517		0.6333		0.6145		0.5956		0.5764		0.5571		0.5377		0.5181
	48		0.7590		0.7433		0.7270		0.7101		0.6928		0.6750		0.6569		0.6384		0.6196		0.6006		0.5814		0.5619		0.5424		0.5228
	49		0.7642		0.7486		0.7323		0.7155		0.6982		0.6804		0.6623		0.6437		0.6249		0.6058		0.5865		0.5670		0.5474		0.5277
	50		0.7696		0.7541		0.7379		0.7211		0.7037		0.6860		0.6678		0.6493		0.6304		0.6113		0.5919		0.5723		0.5526		0.5327
	51		0.7751		0.7597		0.7435		0.7268		0.7095		0.6918		0.6736		0.6551		0.6362		0.6170		0.5975		0.5778		0.5580		0.5381
	52		0.7808		0.7654		0.7493		0.7327		0.7154		0.6977		0.6796		0.6610		0.6421		0.6229		0.6034		0.5836		0.5637		0.5437

94

APPENDICES

Sub appendix A. 2

Table I –

Distributions Beginning On And After July 1, 2004

100% Joint And Survivor With Pop-Up

O&R Participants

		Age Of Pensioner
		62		63		64		65		66		67		68		69		70		71		72		73		74		75
	53		0.7865		0.7712		0.7553		0.7387		0.7216		0.7039		0.6858		0.6672		0.6483		0.6290		0.6095		0.5896		0.5697		0.5495
	54		0.7924		0.7773		0.7614		0.7449		0.7279		0.7102		0.6922		0.6736		0.6547		0.6354		0.6159		0.5959		0.5759		0.5557
	55		0.7983		0.7833		0.7677		0.7513		0.7343		0.7167		0.6988		0.6802		0.6613		0.6420		0.6224		0.6024		0.5823		0.5620
	56		0.8044		0.7895		0.7740		0.7578		0.7409		0.7235		0.7055		0.6871		0.6681		0.6489		0.6293		0.6092		0.5891		0.5687
	57		0.8104		0.7959		0.7805		0.7644		0.7476		0.7303		0.7125		0.6941		0.6752		0.6560		0.6364		0.6163		0.5961		0.5756
	58		0.8166		0.8022		0.7870		0.7711		0.7545		0.7373		0.7196		0.7013		0.6825		0.6633		0.6437		0.6236		0.6034		0.5829
	59		0.8228		0.8086		0.7936		0.7780		0.7615		0.7444		0.7269		0.7086		0.6899		0.6708		0.6512		0.6311		0.6109		0.5903
	60		0.8290		0.8151		0.8003		0.7848		0.7686		0.7517		0.7343		0.7162		0.6976		0.6785		0.6589		0.6389		0.6187		0.5981
	61		0.8352		0.8215		0.8070		0.7918		0.7757		0.7591		0.7418		0.7239		0.7054		0.6864		0.6669		0.6469		0.6267		0.6061
	62		0.8414		0.8280		0.8138		0.7988		0.7830		0.7665		0.7494		0.7317		0.7133		0.6945		0.6751		0.6551		0.6349		0.6143
	63		0.8476		0.8345		0.8205		0.8058		0.7902		0.7740		0.7571		0.7396		0.7214		0.7027		0.6834		0.6636		0.6434		0.6228
	64		0.8537		0.8409		0.8272		0.8128		0.7975		0.7816		0.7649		0.7476		0.7296		0.7110		0.6919		0.6722		0.6521		0.6315
	65		0.8597		0.8473		0.8340		0.8198		0.8049		0.7891		0.7728		0.7557		0.7379		0.7195		0.7006		0.6810		0.6609		0.6404
	66		0.8657		0.8536		0.8406		0.8268		0.8121		0.7968		0.7806		0.7638		0.7462		0.7281		0.7093		0.6898		0.6700		0.6496
	67		0.8716		0.8598		0.8472		0.8337		0.8194		0.8043		0.7885		0.7719		0.7547		0.7367		0.7182		0.6989		0.6792		0.6589
	68		0.8774		0.8659		0.8537		0.8405		0.8266		0.8118		0.7964		0.7801		0.7631		0.7455		0.7271		0.7080		0.6884		0.6683
	69		0.8830		0.8720		0.8601		0.8474		0.8337		0.8193		0.8042		0.7883		0.7716		0.7542		0.7361		0.7173		0.6979		0.6779
	70		0.8886		0.8779		0.8663		0.8540		0.8408		0.8267		0.8120		0.7964		0.7800		0.7630		0.7451		0.7266		0.7074		0.6876
	71		0.8940		0.8837		0.8725		0.8605		0.8477		0.8340		0.8197		0.8044		0.7884		0.7717		0.7542		0.7359		0.7170		0.6974
	72		0.8992		0.8893		0.8785		0.8670		0.8545		0.8413		0.8273		0.8125		0.7968		0.7804		0.7632		0.7453		0.7266		0.7073
	73		0.9043		0.8948		0.8844		0.8733		0.8612		0.8483		0.8348		0.8203		0.8051		0.7890		0.7723		0.7546		0.7362		0.7172
	74		0.9092		0.9001		0.8902		0.8794		0.8678		0.8553		0.8421		0.8281		0.8132		0.7976		0.7812		0.7638		0.7459		0.7271
	75		0.9140		0.9052		0.8956		0.8853		0.8741		0.8621		0.8493		0.8358		0.8212		0.8061		0.7900		0.7731		0.7554		0.7370
	76		0.9185		0.9102		0.9010		0.8911		0.8803		0.8687		0.8564		0.8432		0.8291		0.8144		0.7987		0.7822		0.7649		0.7468
	77		0.9230		0.9150		0.9062		0.8967		0.8863		0.8751		0.8632		0.8505		0.8369		0.8225		0.8073		0.7912		0.7743		0.7566
	78		0.9272		0.9195		0.9112		0.9020		0.8921		0.8814		0.8700		0.8576		0.8445		0.8306		0.8158		0.8001		0.7836		0.7663
	79		0.9313		0.9240		0.9160		0.9073		0.8977		0.8874		0.8764		0.8646		0.8519		0.8384		0.8240		0.8088		0.7927		0.7758
	80		0.9351		0.9282		0.9206		0.9123		0.9031		0.8932		0.8827		0.8713		0.8591		0.8460		0.8322		0.8173		0.8017		0.7852
	81		0.9388		0.9323		0.9250		0.9170		0.9083		0.8989		0.8888		0.8778		0.8661		0.8535		0.8401		0.8257		0.8105		0.7944
	82		0.9424		0.9362		0.9293		0.9217		0.9133		0.9043		0.8946		0.8842		0.8728		0.8608		0.8478		0.8339		0.8192		0.8036
	83		0.9457		0.9399		0.9333		0.9261		0.9182		0.9096		0.9003		0.8903		0.8794		0.8679		0.8554		0.8420		0.8278		0.8126
	84		0.9490		0.9434		0.9372		0.9304		0.9228		0.9147		0.9058		0.8962		0.8859		0.8747		0.8627		0.8498		0.8361		0.8214
	85		0.9521		0.9468		0.9410		0.9344		0.9273		0.9195		0.9111		0.9020		0.8920		0.8814		0.8699		0.8575		0.8443		0.8301

95

APPENDICES

Sub appendix A. 2

Table J

Distributions Beginning On And After July 1, 2004

50% Joint And Survivor With Pop-Up

O&R Participants

		Age of Pensioner
		30		31		32		33		34		35		36		37		38		39		40		41		42		43		44		45
	20		0.9742		0.9721		0.9700		0.9678		0.9653		0.9627		0.9600		0.9571		0.9540		0.9507		0.9472		0.9435		0.9396		0.9355		0.9311		0.9265
	21		0.9748		0.9728		0.9708		0.9685		0.9661		0.9635		0.9609		0.9580		0.9549		0.9516		0.9481		0.9444		0.9405		0.9365		0.9321		0.9275
	22		0.9755		0.9736		0.9715		0.9693		0.9669		0.9644		0.9617		0.9588		0.9558		0.9526		0.9491		0.9454		0.9415		0.9375		0.9331		0.9286
	23		0.9762		0.9743		0.9722		0.9701		0.9677		0.9652		0.9625		0.9597		0.9567		0.9535		0.9501		0.9464		0.9425		0.9385		0.9342		0.9297
	24		0.9769		0.9750		0.9730		0.9708		0.9685		0.9660		0.9634		0.9607		0.9576		0.9545		0.9511		0.9475		0.9436		0.9396		0.9353		0.9308
	25		0.9776		0.9757		0.9737		0.9716		0.9693		0.9669		0.9643		0.9616		0.9586		0.9555		0.9521		0.9485		0.9447		0.9407		0.9364		0.9320
	26		0.9783		0.9764		0.9745		0.9724		0.9702		0.9678		0.9652		0.9625		0.9596		0.9565		0.9531		0.9496		0.9458		0.9419		0.9376		0.9332
	27		0.9790		0.9771		0.9753		0.9732		0.9710		0.9687		0.9662		0.9635		0.9605		0.9575		0.9542		0.9507		0.9469		0.9430		0.9388		0.9344
	28		0.9796		0.9779		0.9760		0.9740		0.9719		0.9696		0.9671		0.9644		0.9615		0.9586		0.9553		0.9518		0.9481		0.9442		0.9400		0.9357
	29		0.9803		0.9786		0.9768		0.9749		0.9727		0.9705		0.9680		0.9655		0.9626		0.9596		0.9564		0.9529		0.9493		0.9455		0.9413		0.9370
	30		0.9810		0.9793		0.9776		0.9757		0.9736		0.9714		0.9690		0.9664		0.9636		0.9607		0.9575		0.9541		0.9505		0.9467		0.9426		0.9383
	31		0.9817		0.9801		0.9783		0.9765		0.9744		0.9722		0.9699		0.9674		0.9647		0.9618		0.9587		0.9553		0.9518		0.9480		0.9439		0.9397
	32		0.9823		0.9808		0.9791		0.9773		0.9753		0.9731		0.9709		0.9684		0.9657		0.9629		0.9598		0.9565		0.9530		0.9493		0.9453		0.9410
	33		0.9830		0.9815		0.9798		0.9781		0.9761		0.9740		0.9718		0.9694		0.9668		0.9640		0.9610		0.9577		0.9543		0.9506		0.9467		0.9425
	34		0.9837		0.9821		0.9806		0.9789		0.9770		0.9749		0.9728		0.9704		0.9678		0.9651		0.9621		0.9589		0.9555		0.9519		0.9480		0.9439
	35		0.9843		0.9829		0.9813		0.9797		0.9778		0.9759		0.9737		0.9714		0.9689		0.9662		0.9634		0.9602		0.9569		0.9533		0.9494		0.9454
	36		0.9849		0.9835		0.9821		0.9804		0.9786		0.9767		0.9747		0.9724		0.9700		0.9673		0.9645		0.9614		0.9581		0.9546		0.9509		0.9469
	37		0.9856		0.9842		0.9827		0.9812		0.9795		0.9776		0.9756		0.9734		0.9710		0.9684		0.9657		0.9627		0.9595		0.9560		0.9523		0.9484
	38		0.9861		0.9848		0.9834		0.9819		0.9803		0.9784		0.9765		0.9744		0.9720		0.9696		0.9669		0.9639		0.9607		0.9574		0.9538		0.9499
	39		0.9867		0.9854		0.9841		0.9827		0.9810		0.9793		0.9774		0.9753		0.9731		0.9707		0.9680		0.9651		0.9621		0.9588		0.9552		0.9514
	40		0.9873		0.9861		0.9848		0.9834		0.9818		0.9801		0.9783		0.9763		0.9741		0.9717		0.9692		0.9664		0.9634		0.9602		0.9566		0.9529
	41		0.9878		0.9866		0.9854		0.9841		0.9826		0.9809		0.9792		0.9772		0.9751		0.9728		0.9703		0.9676		0.9646		0.9615		0.9581		0.9545
	42		0.9883		0.9872		0.9861		0.9848		0.9833		0.9817		0.9800		0.9782		0.9761		0.9739		0.9715		0.9688		0.9659		0.9629		0.9596		0.9560
	43		0.9889		0.9878		0.9866		0.9854		0.9840		0.9825		0.9808		0.9791		0.9770		0.9749		0.9726		0.9700		0.9672		0.9643		0.9610		0.9575
	44		0.9894		0.9883		0.9873		0.9860		0.9847		0.9832		0.9817		0.9800		0.9780		0.9759		0.9737		0.9712		0.9685		0.9656		0.9624		0.9591
	45		0.9898		0.9889		0.9878		0.9867		0.9854		0.9840		0.9825		0.9808		0.9790		0.9769		0.9748		0.9723		0.9697		0.9670		0.9639		0.9606
	46		0.9903		0.9893		0.9883		0.9872		0.9860		0.9847		0.9832		0.9817		0.9798		0.9779		0.9758		0.9734		0.9710		0.9683		0.9653		0.9621
	47		0.9907		0.9898		0.9889		0.9878		0.9867		0.9854		0.9840		0.9825		0.9807		0.9789		0.9768		0.9746		0.9721		0.9695		0.9667		0.9635
	48		0.9911		0.9903		0.9894		0.9884		0.9872		0.9861		0.9847		0.9832		0.9816		0.9798		0.9778		0.9757		0.9733		0.9708		0.9680		0.9650
	49		0.9915		0.9908		0.9899		0.9889		0.9879		0.9867		0.9854		0.9840		0.9824		0.9807		0.9788		0.9767		0.9745		0.9720		0.9693		0.9664
	50		0.9920		0.9912		0.9904		0.9894		0.9884		0.9873		0.9861		0.9848		0.9832		0.9816		0.9798		0.9778		0.9756		0.9732		0.9706		0.9679
	51		0.9924		0.9916		0.9908		0.9900		0.9890		0.9879		0.9867		0.9855		0.9840		0.9824		0.9807		0.9788		0.9767		0.9744		0.9719		0.9692
	52		0.9927		0.9920		0.9912		0.9904		0.9895		0.9885		0.9874		0.9861		0.9847		0.9833		0.9816		0.9797		0.9777		0.9756		0.9732		0.9705

96

APPENDICES

Sub appendix A. 2

Table J

Distributions Beginning On And After July 1, 2004

50% Joint And Survivor With Pop-Up

O&R Participants

		Age of Pensioner
		30		31		32		33		34		35		36		37		38		39		40		41		42		43		44		45
	53		0.9930		0.9924		0.9917		0.9909		0.9900		0.9890		0.9880		0.9868		0.9855		0.9841		0.9825		0.9806		0.9787		0.9767		0.9743		0.9719
	54		0.9934		0.9927		0.9920		0.9914		0.9905		0.9896		0.9886		0.9875		0.9861		0.9848		0.9833		0.9816		0.9798		0.9778		0.9755		0.9731
	55		0.9937		0.9931		0.9925		0.9918		0.9910		0.9901		0.9891		0.9881		0.9869		0.9856		0.9841		0.9825		0.9807		0.9788		0.9766		0.9744
	56		0.9940		0.9934		0.9929		0.9922		0.9914		0.9906		0.9897		0.9887		0.9875		0.9863		0.9849		0.9833		0.9816		0.9798		0.9777		0.9756
	57		0.9943		0.9938		0.9932		0.9926		0.9918		0.9910		0.9902		0.9892		0.9881		0.9870		0.9856		0.9841		0.9826		0.9808		0.9789		0.9767
	58		0.9946		0.9941		0.9935		0.9929		0.9923		0.9915		0.9907		0.9898		0.9887		0.9876		0.9864		0.9849		0.9834		0.9817		0.9798		0.9778
	59		0.9949		0.9943		0.9938		0.9933		0.9926		0.9919		0.9912		0.9903		0.9892		0.9882		0.9870		0.9857		0.9842		0.9826		0.9809		0.9790
	60		0.9951		0.9946		0.9941		0.9936		0.9930		0.9923		0.9916		0.9908		0.9898		0.9888		0.9877		0.9864		0.9850		0.9835		0.9818		0.9800
	61		0.9954		0.9949		0.9945		0.9939		0.9934		0.9927		0.9920		0.9913		0.9903		0.9894		0.9883		0.9871		0.9858		0.9844		0.9827		0.9810
	62		0.9956		0.9952		0.9947		0.9943		0.9937		0.9931		0.9925		0.9917		0.9909		0.9900		0.9889		0.9878		0.9865		0.9852		0.9836		0.9820
	63		0.9958		0.9954		0.9950		0.9946		0.9940		0.9935		0.9928		0.9922		0.9913		0.9905		0.9895		0.9884		0.9872		0.9859		0.9845		0.9829
	64		0.9960		0.9957		0.9952		0.9949		0.9944		0.9938		0.9932		0.9926		0.9918		0.9910		0.9901		0.9890		0.9879		0.9867		0.9852		0.9838
	65		0.9963		0.9959		0.9955		0.9951		0.9947		0.9941		0.9936		0.9930		0.9922		0.9915		0.9906		0.9896		0.9885		0.9873		0.9860		0.9846
	66		0.9965		0.9961		0.9958		0.9954		0.9949		0.9945		0.9939		0.9934		0.9927		0.9919		0.9911		0.9901		0.9891		0.9880		0.9868		0.9854
	67		0.9966		0.9963		0.9960		0.9956		0.9952		0.9948		0.9942		0.9937		0.9930		0.9924		0.9916		0.9907		0.9897		0.9887		0.9875		0.9862
	68		0.9968		0.9965		0.9962		0.9959		0.9954		0.9951		0.9945		0.9940		0.9934		0.9928		0.9920		0.9911		0.9903		0.9893		0.9882		0.9869
	69		0.9970		0.9967		0.9964		0.9961		0.9957		0.9953		0.9948		0.9944		0.9938		0.9932		0.9925		0.9916		0.9908		0.9899		0.9888		0.9876
	70		0.9971		0.9968		0.9966		0.9963		0.9960		0.9956		0.9951		0.9947		0.9941		0.9936		0.9929		0.9921		0.9913		0.9904		0.9894		0.9883
	71		0.9973		0.9970		0.9968		0.9965		0.9961		0.9958		0.9954		0.9950		0.9945		0.9939		0.9933		0.9926		0.9918		0.9909		0.9900		0.9889
	72		0.9974		0.9972		0.9969		0.9967		0.9964		0.9961		0.9957		0.9953		0.9948		0.9943		0.9937		0.9930		0.9923		0.9914		0.9905		0.9896
	73		0.9976		0.9974		0.9971		0.9969		0.9966		0.9962		0.9959		0.9955		0.9951		0.9946		0.9940		0.9934		0.9927		0.9919		0.9910		0.9901
	74		0.9977		0.9975		0.9973		0.9970		0.9968		0.9965		0.9962		0.9958		0.9953		0.9949		0.9944		0.9937		0.9931		0.9924		0.9915		0.9906
	75		0.9978		0.9976		0.9974		0.9972		0.9970		0.9967		0.9964		0.9961		0.9956		0.9952		0.9947		0.9941		0.9935		0.9928		0.9920		0.9912
	76		0.9980		0.9978		0.9976		0.9974		0.9971		0.9968		0.9966		0.9963		0.9959		0.9955		0.9950		0.9944		0.9939		0.9932		0.9925		0.9917
	77		0.9981		0.9979		0.9977		0.9975		0.9973		0.9971		0.9968		0.9965		0.9961		0.9958		0.9953		0.9948		0.9942		0.9936		0.9929		0.9922
	78		0.9982		0.9980		0.9978		0.9977		0.9974		0.9972		0.9970		0.9967		0.9963		0.9960		0.9956		0.9951		0.9946		0.9940		0.9933		0.9926
	79		0.9983		0.9981		0.9979		0.9978		0.9976		0.9974		0.9972		0.9969		0.9965		0.9963		0.9959		0.9953		0.9949		0.9943		0.9937		0.9930
	80		0.9984		0.9982		0.9981		0.9979		0.9977		0.9975		0.9974		0.9971		0.9968		0.9964		0.9961		0.9956		0.9952		0.9947		0.9941		0.9934
	81		0.9985		0.9983		0.9982		0.9980		0.9979		0.9977		0.9975		0.9973		0.9970		0.9967		0.9963		0.9959		0.9954		0.9950		0.9944		0.9938
	82		0.9985		0.9984		0.9983		0.9982		0.9980		0.9978		0.9977		0.9975		0.9971		0.9969		0.9965		0.9961		0.9957		0.9953		0.9947		0.9941
	83		0.9987		0.9985		0.9984		0.9983		0.9981		0.9980		0.9978		0.9976		0.9973		0.9971		0.9968		0.9964		0.9960		0.9956		0.9950		0.9945
	84		0.9987		0.9986		0.9985		0.9984		0.9982		0.9981		0.9979		0.9978		0.9975		0.9972		0.9970		0.9966		0.9962		0.9958		0.9953		0.9948
	85		0.9988		0.9987		0.9986		0.9985		0.9983		0.9982		0.9980		0.9979		0.9976		0.9974		0.9972		0.9968		0.9965		0.9961		0.9957		0.9952

97

APPENDICES

Sub appendix A. 2

Table J

Distributions Beginning On And After July 1, 2004

50% Joint And Survivor With Pop-Up

O&R Participants

		Age of Pensioner
		46		47		48		49		50		51		52		53		54		55		56		57		58		59		60		61
	20		0.9218		0.9167		0.9114		0.9058		0.9000		0.8938		0.8874		0.8806		0.8735		0.8660		0.8582		0.8499		0.8412		0.8320		0.8224		0.8123
	21		0.9228		0.9177		0.9124		0.9069		0.9011		0.8949		0.8885		0.8818		0.8747		0.8672		0.8593		0.8510		0.8423		0.8332		0.8236		0.8135
	22		0.9238		0.9188		0.9135		0.9080		0.9022		0.8961		0.8896		0.8830		0.8759		0.8684		0.8605		0.8523		0.8436		0.8344		0.8248		0.8147
	23		0.9250		0.9200		0.9147		0.9092		0.9034		0.8973		0.8909		0.8842		0.8771		0.8696		0.8618		0.8535		0.8449		0.8358		0.8261		0.8160
	24		0.9261		0.9211		0.9159		0.9104		0.9046		0.8985		0.8921		0.8855		0.8784		0.8709		0.8631		0.8549		0.8462		0.8371		0.8274		0.8174
	25		0.9273		0.9223		0.9171		0.9117		0.9059		0.8998		0.8934		0.8868		0.8798		0.8723		0.8645		0.8562		0.8476		0.8385		0.8289		0.8188
	26		0.9286		0.9235		0.9184		0.9129		0.9072		0.9011		0.8948		0.8882		0.8812		0.8737		0.8659		0.8577		0.8491		0.8400		0.8303		0.8203
	27		0.9298		0.9248		0.9197		0.9143		0.9086		0.9025		0.8962		0.8896		0.8826		0.8752		0.8674		0.8592		0.8506		0.8415		0.8319		0.8218
	28		0.9311		0.9262		0.9211		0.9157		0.9100		0.9040		0.8977		0.8911		0.8841		0.8767		0.8690		0.8608		0.8521		0.8431		0.8335		0.8235
	29		0.9325		0.9276		0.9225		0.9171		0.9115		0.9055		0.8992		0.8927		0.8857		0.8783		0.8705		0.8624		0.8538		0.8448		0.8352		0.8252
	30		0.9338		0.9290		0.9239		0.9186		0.9130		0.9070		0.9008		0.8943		0.8873		0.8800		0.8722		0.8641		0.8555		0.8465		0.8370		0.8269
	31		0.9352		0.9304		0.9254		0.9201		0.9146		0.9086		0.9024		0.8959		0.8890		0.8817		0.8740		0.8659		0.8573		0.8483		0.8388		0.8288
	32		0.9366		0.9319		0.9269		0.9216		0.9162		0.9103		0.9041		0.8976		0.8907		0.8835		0.8758		0.8677		0.8592		0.8502		0.8407		0.8307
	33		0.9381		0.9334		0.9285		0.9233		0.9178		0.9119		0.9058		0.8994		0.8926		0.8853		0.8777		0.8696		0.8611		0.8522		0.8427		0.8327
	34		0.9396		0.9350		0.9301		0.9249		0.9195		0.9137		0.9076		0.9012		0.8944		0.8872		0.8796		0.8716		0.8631		0.8542		0.8447		0.8348
	35		0.9411		0.9365		0.9317		0.9266		0.9212		0.9155		0.9094		0.9031		0.8963		0.8892		0.8816		0.8736		0.8652		0.8563		0.8469		0.8370
	36		0.9427		0.9381		0.9334		0.9284		0.9230		0.9173		0.9113		0.9050		0.8983		0.8912		0.8837		0.8758		0.8673		0.8585		0.8491		0.8392
	37		0.9443		0.9398		0.9351		0.9301		0.9248		0.9192		0.9133		0.9070		0.9004		0.8933		0.8858		0.8779		0.8696		0.8607		0.8514		0.8415
	38		0.9458		0.9414		0.9368		0.9319		0.9267		0.9211		0.9152		0.9090		0.9025		0.8954		0.8880		0.8801		0.8719		0.8631		0.8538		0.8440
	39		0.9474		0.9431		0.9386		0.9337		0.9285		0.9230		0.9173		0.9111		0.9046		0.8976		0.8903		0.8825		0.8742		0.8655		0.8562		0.8464
	40		0.9491		0.9448		0.9403		0.9355		0.9304		0.9250		0.9193		0.9133		0.9068		0.8999		0.8926		0.8849		0.8767		0.8680		0.8588		0.8490
	41		0.9507		0.9465		0.9420		0.9374		0.9324		0.9270		0.9213		0.9154		0.9090		0.9022		0.8949		0.8873		0.8792		0.8706		0.8614		0.8517
	42		0.9523		0.9482		0.9438		0.9393		0.9343		0.9291		0.9235		0.9176		0.9113		0.9046		0.8974		0.8898		0.8818		0.8732		0.8641		0.8545
	43		0.9539		0.9499		0.9457		0.9411		0.9363		0.9311		0.9257		0.9198		0.9136		0.9070		0.8999		0.8924		0.8844		0.8759		0.8669		0.8573
	44		0.9555		0.9516		0.9475		0.9430		0.9383		0.9332		0.9278		0.9221		0.9160		0.9094		0.9024		0.8950		0.8871		0.8787		0.8697		0.8602
	45		0.9571		0.9533		0.9492		0.9449		0.9403		0.9353		0.9300		0.9244		0.9183		0.9119		0.9050		0.8976		0.8898		0.8815		0.8726		0.8632
	46		0.9587		0.9550		0.9510		0.9468		0.9423		0.9374		0.9322		0.9267		0.9208		0.9144		0.9076		0.9003		0.8926		0.8844		0.8756		0.8663
	47		0.9603		0.9566		0.9528		0.9487		0.9443		0.9395		0.9344		0.9290		0.9232		0.9169		0.9103		0.9031		0.8955		0.8874		0.8787		0.8695
	48		0.9618		0.9583		0.9546		0.9505		0.9463		0.9416		0.9366		0.9314		0.9256		0.9194		0.9129		0.9059		0.8984		0.8904		0.8818		0.8727
	49		0.9633		0.9599		0.9563		0.9524		0.9482		0.9437		0.9388		0.9337		0.9281		0.9221		0.9156		0.9087		0.9013		0.8934		0.8849		0.8760
	50		0.9649		0.9616		0.9580		0.9543		0.9502		0.9458		0.9411		0.9360		0.9306		0.9246		0.9184		0.9115		0.9043		0.8965		0.8881		0.8793
	51		0.9663		0.9632		0.9597		0.9561		0.9521		0.9479		0.9432		0.9383		0.9330		0.9272		0.9211		0.9144		0.9073		0.8996		0.8914		0.8827
	52		0.9678		0.9647		0.9614		0.9579		0.9541		0.9499		0.9454		0.9407		0.9355		0.9298		0.9238		0.9173		0.9103		0.9028		0.8947		0.8861

98

APPENDICES

Sub appendix A. 2

Table J

Distributions Beginning On And After July 1, 2004

50% Joint And Survivor With Pop-Up

O&R Participants

Age of Pensioner

		46		47		48		49		50		51		52		53		54		55		56		57		58		59		60		61
	53		0.9692		0.9662		0.9631		0.9597		0.9559		0.9519		0.9476		0.9429		0.9379		0.9324		0.9265		0.9202		0.9134		0.9060		0.8981		0.8896
	54		0.9706		0.9677		0.9647		0.9614		0.9578		0.9539		0.9497		0.9452		0.9404		0.9350		0.9292		0.9230		0.9164		0.9092		0.9014		0.8931
	55		0.9719		0.9692		0.9662		0.9631		0.9596		0.9558		0.9518		0.9475		0.9427		0.9375		0.9320		0.9260		0.9194		0.9124		0.9047		0.8966
	56		0.9732		0.9706		0.9678		0.9647		0.9614		0.9578		0.9539		0.9497		0.9451		0.9401		0.9347		0.9288		0.9225		0.9156		0.9081		0.9001
	57		0.9745		0.9719		0.9692		0.9664		0.9632		0.9596		0.9559		0.9519		0.9474		0.9426		0.9373		0.9317		0.9254		0.9188		0.9115		0.9037
	58		0.9757		0.9733		0.9708		0.9679		0.9649		0.9615		0.9579		0.9540		0.9497		0.9450		0.9399		0.9344		0.9284		0.9220		0.9148		0.9073
	59		0.9769		0.9746		0.9721		0.9695		0.9665		0.9633		0.9598		0.9561		0.9520		0.9474		0.9426		0.9372		0.9314		0.9251		0.9182		0.9108
	60		0.9780		0.9758		0.9735		0.9709		0.9681		0.9650		0.9617		0.9581		0.9542		0.9498		0.9451		0.9400		0.9343		0.9282		0.9215		0.9143
	61		0.9791		0.9770		0.9748		0.9723		0.9697		0.9667		0.9635		0.9602		0.9563		0.9521		0.9476		0.9426		0.9372		0.9313		0.9247		0.9178
	62		0.9802		0.9782		0.9761		0.9737		0.9712		0.9683		0.9653		0.9621		0.9584		0.9544		0.9500		0.9452		0.9400		0.9343		0.9280		0.9212
	63		0.9812		0.9793		0.9773		0.9750		0.9727		0.9700		0.9671		0.9639		0.9604		0.9566		0.9524		0.9478		0.9428		0.9373		0.9312		0.9247
	64		0.9822		0.9804		0.9784		0.9763		0.9740		0.9715		0.9687		0.9658		0.9624		0.9587		0.9547		0.9503		0.9454		0.9402		0.9343		0.9280
	65		0.9831		0.9814		0.9795		0.9775		0.9754		0.9729		0.9703		0.9675		0.9643		0.9608		0.9570		0.9527		0.9481		0.9430		0.9373		0.9312
	66		0.9840		0.9823		0.9806		0.9787		0.9766		0.9744		0.9718		0.9692		0.9661		0.9628		0.9592		0.9551		0.9506		0.9458		0.9403		0.9344
	67		0.9848		0.9833		0.9816		0.9798		0.9779		0.9757		0.9733		0.9708		0.9679		0.9647		0.9612		0.9574		0.9531		0.9485		0.9432		0.9376
	68		0.9856		0.9841		0.9826		0.9809		0.9790		0.9770		0.9747		0.9723		0.9696		0.9666		0.9633		0.9596		0.9556		0.9511		0.9460		0.9406
	69		0.9864		0.9850		0.9835		0.9820		0.9802		0.9782		0.9761		0.9738		0.9712		0.9684		0.9652		0.9617		0.9578		0.9536		0.9488		0.9436
	70		0.9872		0.9858		0.9844		0.9829		0.9813		0.9794		0.9774		0.9752		0.9728		0.9700		0.9670		0.9637		0.9601		0.9560		0.9515		0.9465
	71		0.9879		0.9866		0.9853		0.9838		0.9823		0.9805		0.9786		0.9766		0.9743		0.9717		0.9689		0.9657		0.9622		0.9583		0.9540		0.9493
	72		0.9885		0.9873		0.9861		0.9847		0.9833		0.9816		0.9798		0.9779		0.9757		0.9733		0.9706		0.9676		0.9643		0.9606		0.9565		0.9520
	73		0.9891		0.9880		0.9868		0.9855		0.9842		0.9826		0.9809		0.9791		0.9771		0.9748		0.9722		0.9694		0.9663		0.9628		0.9589		0.9546
	74		0.9898		0.9887		0.9876		0.9863		0.9850		0.9836		0.9820		0.9803		0.9784		0.9761		0.9738		0.9711		0.9681		0.9648		0.9611		0.9570
	75		0.9904		0.9893		0.9882		0.9871		0.9859		0.9845		0.9830		0.9814		0.9796		0.9775		0.9753		0.9728		0.9700		0.9668		0.9633		0.9594
	76		0.9909		0.9899		0.9889		0.9879		0.9867		0.9854		0.9840		0.9824		0.9807		0.9788		0.9767		0.9743		0.9717		0.9687		0.9653		0.9617
	77		0.9914		0.9904		0.9896		0.9885		0.9874		0.9862		0.9849		0.9835		0.9818		0.9800		0.9780		0.9758		0.9733		0.9705		0.9674		0.9639
	78		0.9919		0.9910		0.9901		0.9892		0.9882		0.9869		0.9857		0.9844		0.9829		0.9812		0.9793		0.9772		0.9748		0.9722		0.9692		0.9659
	79		0.9923		0.9915		0.9907		0.9898		0.9888		0.9877		0.9866		0.9853		0.9839		0.9823		0.9805		0.9785		0.9763		0.9739		0.9711		0.9679
	80		0.9928		0.9920		0.9913		0.9904		0.9894		0.9884		0.9873		0.9862		0.9848		0.9833		0.9817		0.9799		0.9777		0.9754		0.9727		0.9698
	81		0.9932		0.9925		0.9917		0.9910		0.9900		0.9891		0.9881		0.9870		0.9858		0.9843		0.9828		0.9810		0.9791		0.9769		0.9743		0.9716
	82		0.9936		0.9929		0.9922		0.9914		0.9906		0.9897		0.9888		0.9878		0.9866		0.9853		0.9838		0.9822		0.9803		0.9783		0.9759		0.9732
	83		0.9940		0.9933		0.9926		0.9920		0.9912		0.9903		0.9894		0.9885		0.9874		0.9861		0.9848		0.9832		0.9815		0.9796		0.9774		0.9749
	84		0.9943		0.9937		0.9931		0.9924		0.9917		0.9909		0.9901		0.9892		0.9881		0.9870		0.9857		0.9842		0.9827		0.9808		0.9788		0.9764
	85		0.9947		0.9941		0.9935		0.9929		0.9922		0.9914		0.9906		0.9898		0.9889		0.9878		0.9865		0.9853		0.9837		0.9821		0.9801		0.9779

99

APPENDICES

Sub appendix A. 2

Table J

Distributions Beginning On And After July 1, 2004

50% Joint And Survivor With Pop-Up

O&R Participants

Age of Pensioner

		62		63		64		65		66		67		68		69		70		71		72		73		74		75
	20		0.8017		0.7906		0.7790		0.7669		0.7543		0.7412		0.7278		0.7138		0.6994		0.6846		0.6693		0.6536		0.6376		0.6212
	21		0.8029		0.7917		0.7802		0.7681		0.7554		0.7424		0.7290		0.7150		0.7006		0.6858		0.6705		0.6548		0.6387		0.6223
	22		0.8041		0.7930		0.7814		0.7693		0.7567		0.7436		0.7302		0.7162		0.7018		0.6870		0.6717		0.6560		0.6400		0.6235
	23		0.8054		0.7943		0.7827		0.7706		0.7580		0.7450		0.7315		0.7175		0.7031		0.6883		0.6730		0.6573		0.6412		0.6247
	24		0.8068		0.7957		0.7841		0.7720		0.7594		0.7463		0.7329		0.7189		0.7044		0.6896		0.6744		0.6586		0.6425		0.6260
	25		0.8082		0.7971		0.7856		0.7734		0.7608		0.7478		0.7343		0.7203		0.7059		0.6910		0.6758		0.6600		0.6439		0.6274
	26		0.8097		0.7986		0.7871		0.7750		0.7623		0.7493		0.7358		0.7218		0.7073		0.6925		0.6773		0.6615		0.6454		0.6289
	27		0.8113		0.8002		0.7886		0.7765		0.7639		0.7509		0.7374		0.7234		0.7090		0.6941		0.6788		0.6630		0.6469		0.6304
	28		0.8129		0.8018		0.7903		0.7782		0.7656		0.7525		0.7391		0.7251		0.7106		0.6958		0.6805		0.6647		0.6485		0.6320
	29		0.8146		0.8035		0.7920		0.7799		0.7673		0.7543		0.7408		0.7268		0.7124		0.6975		0.6822		0.6664		0.6503		0.6337
	30		0.8164		0.8054		0.7938		0.7817		0.7691		0.7561		0.7426		0.7287		0.7142		0.6993		0.6840		0.6682		0.6520		0.6355
	31		0.8182		0.8072		0.7957		0.7836		0.7711		0.7580		0.7445		0.7305		0.7161		0.7012		0.6859		0.6701		0.6539		0.6373
	32		0.8202		0.8092		0.7977		0.7856		0.7731		0.7600		0.7465		0.7326		0.7181		0.7032		0.6879		0.6721		0.6559		0.6393
	33		0.8222		0.8113		0.7997		0.7877		0.7751		0.7621		0.7486		0.7346		0.7202		0.7053		0.6900		0.6741		0.6579		0.6413
	34		0.8243		0.8134		0.8018		0.7898		0.7773		0.7643		0.7508		0.7368		0.7224		0.7075		0.6922		0.6763		0.6601		0.6435
	35		0.8265		0.8156		0.8041		0.7921		0.7795		0.7665		0.7531		0.7391		0.7246		0.7098		0.6945		0.6786		0.6624		0.6457
	36		0.8288		0.8179		0.8065		0.7945		0.7819		0.7689		0.7555		0.7415		0.7271		0.7122		0.6969		0.6810		0.6648		0.6481
	37		0.8312		0.8203		0.8089		0.7969		0.7844		0.7714		0.7580		0.7440		0.7296		0.7147		0.6994		0.6835		0.6673		0.6506
	38		0.8336		0.8228		0.8114		0.7995		0.7869		0.7740		0.7606		0.7466		0.7322		0.7173		0.7020		0.6861		0.6699		0.6532
	39		0.8362		0.8254		0.8140		0.8021		0.7896		0.7767		0.7633		0.7493		0.7349		0.7201		0.7047		0.6888		0.6726		0.6559
	40		0.8388		0.8281		0.8167		0.8048		0.7924		0.7795		0.7661		0.7522		0.7378		0.7229		0.7076		0.6917		0.6755		0.6588
	41		0.8415		0.8308		0.8195		0.8077		0.7953		0.7824		0.7690		0.7552		0.7407		0.7259		0.7106		0.6947		0.6785		0.6618
	42		0.8443		0.8337		0.8224		0.8106		0.7982		0.7854		0.7721		0.7583		0.7438		0.7290		0.7137		0.6978		0.6816		0.6648
	43		0.8473		0.8366		0.8254		0.8137		0.8014		0.7886		0.7753		0.7614		0.7471		0.7322		0.7170		0.7011		0.6848		0.6681
	44		0.8502		0.8396		0.8285		0.8169		0.8046		0.7918		0.7786		0.7648		0.7504		0.7356		0.7203		0.7045		0.6882		0.6715
	45		0.8533		0.8428		0.8317		0.8201		0.8079		0.7952		0.7820		0.7682		0.7539		0.7391		0.7239		0.7080		0.6918		0.6750
	46		0.8564		0.8460		0.8350		0.8235		0.8113		0.7986		0.7855		0.7718		0.7575		0.7428		0.7275		0.7117		0.6955		0.6788
	47		0.8597		0.8494		0.8384		0.8269		0.8148		0.8022		0.7892		0.7755		0.7613		0.7465		0.7313		0.7155		0.6993		0.6826
	48		0.8630		0.8527		0.8420		0.8305		0.8185		0.8060		0.7929		0.7793		0.7651		0.7505		0.7353		0.7195		0.7033		0.6866
	49		0.8664		0.8563		0.8455		0.8342		0.8222		0.8098		0.7968		0.7833		0.7692		0.7546		0.7394		0.7236		0.7075		0.6908
	50		0.8698		0.8598		0.8492		0.8379		0.8261		0.8137		0.8008		0.7874		0.7733		0.7588		0.7436		0.7280		0.7118		0.6951
	51		0.8733		0.8634		0.8529		0.8418		0.8301		0.8178		0.8050		0.7916		0.7776		0.7631		0.7481		0.7324		0.7164		0.6997
	52		0.8769		0.8671		0.8567		0.8457		0.8341		0.8219		0.8093		0.7960		0.7820		0.7676		0.7526		0.7370		0.7210		0.7044

100

APPENDICES

Sub appendix A. 2

Table J

Distributions Beginning On And After July 1, 2004

50% Joint And Survivor With Pop-Up

O&R Participants

Age of Pensioner

		62		63		64		65		66		67		68		69		70		71		72		73		74		75
	53		0.8805		0.8708		0.8606		0.8498		0.8383		0.8262		0.8136		0.8004		0.7866		0.7723		0.7574		0.7419		0.7258		0.7093
	54		0.8841		0.8747		0.8646		0.8538		0.8425		0.8305		0.8181		0.8050		0.7913		0.7771		0.7623		0.7468		0.7309		0.7143
	55		0.8878		0.8785		0.8686		0.8580		0.8468		0.8350		0.8227		0.8097		0.7961		0.7820		0.7673		0.7519		0.7361		0.7196
	56		0.8915		0.8824		0.8726		0.8622		0.8512		0.8395		0.8273		0.8145		0.8010		0.7871		0.7725		0.7572		0.7414		0.7251
	57		0.8953		0.8864		0.8767		0.8665		0.8556		0.8441		0.8321		0.8195		0.8061		0.7923		0.7778		0.7626		0.7469		0.7307
	58		0.8990		0.8902		0.8809		0.8708		0.8601		0.8488		0.8369		0.8245		0.8113		0.7976		0.7832		0.7682		0.7526		0.7365
	59		0.9028		0.8942		0.8850		0.8751		0.8646		0.8535		0.8418		0.8295		0.8165		0.8030		0.7888		0.7738		0.7585		0.7424
	60		0.9065		0.8981		0.8891		0.8795		0.8692		0.8583		0.8468		0.8346		0.8218		0.8085		0.7944		0.7797		0.7644		0.7485
	61		0.8352		0.9020		0.8932		0.8838		0.8737		0.8630		0.8518		0.8398		0.8272		0.8141		0.8002		0.7856		0.7705		0.7547
	62		0.9139		0.9059		0.8973		0.8881		0.8783		0.8678		0.8568		0.8451		0.8327		0.8197		0.8061		0.7916		0.7767		0.7611
	63		0.9175		0.9098		0.9014		0.8925		0.8828		0.8726		0.8618		0.8503		0.8381		0.8254		0.8119		0.7978		0.7830		0.7676
	64		0.9210		0.9135		0.9055		0.8968		0.8874		0.8774		0.8668		0.8556		0.8436		0.8312		0.8179		0.8039		0.7894		0.7742
	65		0.9246		0.9174		0.9095		0.9010		0.8919		0.8821		0.8718		0.8608		0.8491		0.8369		0.8240		0.8102		0.7959		0.7808
	66		0.9280		0.9210		0.9134		0.9052		0.8963		0.8869		0.8769		0.8661		0.8547		0.8427		0.8299		0.8165		0.8024		0.7876
	67		0.9314		0.9246		0.9173		0.9094		0.9007		0.8916		0.8818		0.8713		0.8601		0.8485		0.8360		0.8228		0.8089		0.7944
	68		0.9347		0.9282		0.9211		0.9134		0.9051		0.8961		0.8867		0.8765		0.8657		0.8542		0.8420		0.8290		0.8155		0.8012
	69		0.9379		0.9316		0.9248		0.9174		0.9093		0.9007		0.8915		0.8816		0.8710		0.8599		0.8480		0.8354		0.8221		0.8081
	70		0.9410		0.9350		0.9284		0.9213		0.9135		0.9051		0.8962		0.8867		0.8764		0.8656		0.8540		0.8416		0.8287		0.8149
	71		0.9440		0.9383		0.9319		0.9251		0.9175		0.9095		0.9009		0.8917		0.8817		0.8711		0.8599		0.8478		0.8352		0.8217
	72		0.9469		0.9414		0.9354		0.9288		0.9215		0.9138		0.9055		0.8965		0.8868		0.8766		0.8657		0.8540		0.8417		0.8285
	73		0.9497		0.9445		0.9387		0.9324		0.9254		0.9180		0.9100		0.9014		0.8920		0.8821		0.8715		0.8601		0.8481		0.8353
	74		0.9525		0.9474		0.9419		0.9359		0.9292		0.9220		0.9143		0.9060		0.8970		0.8874		0.8772		0.8661		0.8544		0.8420
	75		0.9551		0.9503		0.9449		0.9392		0.9328		0.9259		0.9185		0.9105		0.9019		0.8926		0.8827		0.8720		0.8607		0.8485
	76		0.9576		0.9530		0.9479		0.9424		0.9363		0.9298		0.9227		0.9150		0.9066		0.8977		0.8882		0.8777		0.8668		0.8551
	77		0.9600		0.9556		0.9508		0.9455		0.9397		0.9334		0.9266		0.9192		0.9112		0.9026		0.8934		0.8834		0.8728		0.8614
	78		0.9622		0.9581		0.9535		0.9485		0.9430		0.9369		0.9305		0.9233		0.9157		0.9075		0.8986		0.8889		0.8787		0.8677
	79		0.9644		0.9605		0.9562		0.9514		0.9461		0.9403		0.9341		0.9273		0.9200		0.9121		0.9036		0.8943		0.8844		0.8737
	80		0.9664		0.9628		0.9587		0.9542		0.9490		0.9436		0.9377		0.9313		0.9242		0.9167		0.9084		0.8995		0.8900		0.8797
	81		0.9685		0.9649		0.9611		0.9567		0.9520		0.9467		0.9411		0.9350		0.9282		0.9209		0.9131		0.9045		0.8953		0.8855
	82		0.9703		0.9670		0.9634		0.9593		0.9547		0.9497		0.9444		0.9385		0.9321		0.9252		0.9177		0.9094		0.9007		0.8911
	83		0.9721		0.9690		0.9655		0.9616		0.9574		0.9527		0.9476		0.9419		0.9358		0.9293		0.9221		0.9142		0.9058		0.8966
	84		0.9739		0.9709		0.9676		0.9640		0.9598		0.9554		0.9506		0.9453		0.9394		0.9332		0.9263		0.9188		0.9107		0.9019
	85		0.9755		0.9727		0.9696		0.9662		0.9622		0.9581		0.9535		0.9484		0.9429		0.9370		0.9304		0.9232		0.9155		0.9072

101

Sub Appendix A. 2

Table K –

O&R Participants

For Distributions Beginning On and After July 1, 2008

Reduction Factors For

Vested Participant Spouse’s Allowance Coverage

Applied for each year of coverage after termination of employment (or if later, from the time that the vested Participant has been given notice of his or her right to waive the vested Participant Spouse’s Allowance) and before the earlier of death or the Annuity Starting Date.

Vested Participant’s Age Range	Factors per Year of Coverage
60 and over		0.60	%
55 – 59		0.30	%
50 – 54		0.15	%
45 – 49		0.10	%
40 – 44		0.07	%
35 – 39		0.06	%
30 – 34		0.04	%
Less than 30		0.02	%

The factors per year of coverage shall be pro-rated for months of coverage in the established age ranges in a manner determined by the Plan Administrator.

102

APPENDICES

Table M-1

O&R Participants

Joint and 75% Survivor Option Without Pop-Up Factors

Effective January 1, 2008

		Age of Pensioner
		30		31		32		33		34		35		36		37		38		39		40		41		42		43		44		45
	20		0.9623		0.9594		0.9563		0.9531		0.9496		0.9459		0.9419		0.9377		0.9333		0.9286		0.9237		0.9184		0.9129		0.9071		0.9010		0.8946
	21		0.9633		0.9605		0.9574		0.9542		0.9507		0.9471		0.9432		0.9390		0.9346		0.9299		0.9250		0.9198		0.9143		0.9085		0.9024		0.8960
	22		0.9644		0.9616		0.9586		0.9553		0.9519		0.9483		0.9444		0.9403		0.9359		0.9313		0.9264		0.9212		0.9158		0.9100		0.9039		0.8976
	23		0.9654		0.9626		0.9597		0.9565		0.9531		0.9495		0.9457		0.9416		0.9373		0.9327		0.9279		0.9227		0.9173		0.9115		0.9055		0.8992
	24		0.9665		0.9637		0.9608		0.9565		0.9544		0.9508		0.9470		0.9430		0.9387		0.9342		0.9293		0.9242		0.9188		0.9131		0.9071		0.9008
	25		0.9675		0.9648		0.9620		0.9565		0.9556		0.9521		0.9484		0.9444		0.9402		0.9357		0.9309		0.9258		0.9204		0.9148		0.9088		0.9025
	26		0.9686		0.9660		0.9631		0.9565		0.9569		0.9535		0.9498		0.9458		0.9417		0.9372		0.9324		0.9274		0.9221		0.9165		0.9105		0.9043
	27		0.9696		0.9671		0.9643		0.9565		0.9582		0.9548		0.9512		0.9473		0.9432		0.9387		0.9341		0.9291		0.9238		0.9182		0.9123		0.9061
	28		0.9707		0.9682		0.9655		0.9565		0.9595		0.9562		0.9526		0.9488		0.9447		0.9403		0.9357		0.9308		0.9255		0.9200		0.9142		0.9080
	29		0.9717		0.9693		0.9667		0.9565		0.9608		0.9575		0.9540		0.9503		0.9463		0.9420		0.9374		0.9325		0.9273		0.9218		0.9160		0.9099
	30		0.9728		0.9704		0.9679		0.9565		0.9621		0.9589		0.9555		0.9518		0.9478		0.9436		0.9391		0.9343		0.9292		0.9237		0.9180		0.9119
	31		0.9738		0.9715		0.9690		0.9565		0.9634		0.9603		0.9569		0.9533		0.9494		0.9453		0.9408		0.9361		0.9310		0.9257		0.9200		0.9140
	32		0.9749		0.9726		0.9702		0.9565		0.9647		0.9617		0.9584		0.9549		0.9510		0.9470		0.9426		0.9379		0.9329		0.9276		0.9220		0.9161
	33		0.9759		0.9737		0.9714		0.9565		0.9661		0.9631		0.9599		0.9564		0.9527		0.9487		0.9444		0.9398		0.9348		0.9296		0.9241		0.9182
	34		0.9769		0.9748		0.9725		0.9565		0.9674		0.9645		0.9613		0.9579		0.9543		0.9504		0.9462		0.9416		0.9368		0.9317		0.9262		0.9204
	35		0.9779		0.9759		0.9737		0.9565		0.9687		0.9658		0.9628		0.9595		0.9559		0.9521		0.9480		0.9435		0.9388		0.9337		0.9283		0.9226
	36		0.9789		0.9769		0.9748		0.9565		0.9699		0.9672		0.9643		0.9610		0.9576		0.9538		0.9498		0.9454		0.9408		0.9358		0.9305		0.9249
	37		0.9798		0.9779		0.9759		0.9565		0.9712		0.9686		0.9657		0.9626		0.9592		0.9555		0.9516		0.9474		0.9428		0.9379		0.9327		0.9272
	38		0.9807		0.9789		0.9770		0.9565		0.9725		0.9699		0.9671		0.9641		0.9608		0.9573		0.9534		0.9493		0.9448		0.9401		0.9350		0.9295
	39		0.9816		0.9799		0.9780		0.9565		0.9737		0.9712		0.9685		0.9656		0.9624		0.9590		0.9553		0.9512		0.9469		0.9422		0.9372		0.9319
	40		0.9825		0.9809		0.9791		0.9565		0.9749		0.9725		0.9699		0.9671		0.9640		0.9607		0.9571		0.9531		0.9489		0.9444		0.9395		0.9343
	41		0.9834		0.9818		0.9801		0.9565		0.9761		0.9738		0.9713		0.9686		0.9656		0.9624		0.9589		0.9551		0.9509		0.9465		0.9417		0.9366
	42		0.9842		0.9827		0.9810		0.9565		0.9772		0.9750		0.9727		0.9700		0.9672		0.9640		0.9606		0.9570		0.9530		0.9487		0.9440		0.9390
	43		0.9850		0.9836		0.9820		0.9565		0.9784		0.9763		0.9740		0.9715		0.9687		0.9657		0.9624		0.9588		0.9550		0.9508		0.9463		0.9414
	44		0.9858		0.9844		0.9829		0.9565		0.9794		0.9774		0.9753		0.9728		0.9702		0.9673		0.9641		0.9607		0.9570		0.9529		0.9485		0.9438
	45		0.9865		0.9852		0.9838		0.9565		0.9805		0.9786		0.9765		0.9742		0.9717		0.9689		0.9658		0.9625		0.9589		0.9550		0.9508		0.9462
	46		0.9873		0.9860		0.9847		0.9565		0.9815		0.9797		0.9777		0.9755		0.9731		0.9704		0.9675		0.9643		0.9608		0.9571		0.9530		0.9486
	47		0.9880		0.9868		0.9855		0.9565		0.9825		0.9808		0.9789		0.9768		0.9745		0.9719		0.9691		0.9661		0.9627		0.9591		0.9552		0.9509
	48		0.9886		0.9875		0.9863		0.9565		0.9835		0.9818		0.9800		0.9780		0.9758		0.9734		0.9707		0.9678		0.9646		0.9611		0.9573		0.9532
	49		0.9893		0.9882		0.9871		0.9565		0.9844		0.9828		0.9811		0.9792		0.9771		0.9748		0.9723		0.9695		0.9664		0.9631		0.9594		0.9554
	50		0.9899		0.9889		0.9878		0.9565		0.9853		0.9838		0.9822		0.9804		0.9784		0.9762		0.9738		0.9711		0.9682		0.9650		0.9615		0.9577
	51		0.9905		0.9895		0.9885		0.9565		0.9861		0.9848		0.9832		0.9815		0.9796		0.9775		0.9752		0.9727		0.9699		0.9668		0.9635		0.9598
	52		0.9910		0.9902		0.9892		0.9565		0.9870		0.9857		0.9842		0.9826		0.9808		0.9788		0.9766		0.9742		0.9716		0.9686		0.9655		0.9620

103

APPENDICES

Table M-1 (cont’d)

O&R Participants

Joint and 75% Survivor Option Without Pop-Up Factors

Effective January 1, 2008

		Age of Pensioner
		30		31		32		33		34		35		36		37		38		39		40		41		42		43		44		45
	53		0.9916		0.9908		0.9899		0.9889		0.9877		0.9865		0.9851		0.9836		0.9819		0.9801		0.9780		0.9757		0.9732		0.9704		0.9674		0.9640
	54		0.9921		0.9913		0.9905		0.9895		0.9885		0.9873		0.9861		0.9846		0.9830		0.9813		0.9793		0.9771		0.9747		0.9721		0.9692		0.9661
	55		0.9926		0.9919		0.9911		0.9902		0.9892		0.9881		0.9869		0.9856		0.9841		0.9824		0.9806		0.9785		0.9762		0.9738		0.9710		0.9680
	56		0.9930		0.9924		0.9916		0.9908		0.9899		0.9889		0.9878		0.9865		0.9851		0.9835		0.9818		0.9798		0.9777		0.9753		0.9728		0.9699
	57		0.9935		0.9929		0.9922		0.9914		0.9906		0.9896		0.9885		0.9874		0.9860		0.9846		0.9829		0.9811		0.9791		0.9769		0.9744		0.9718
	58		0.9939		0.9933		0.9927		0.9920		0.9912		0.9903		0.9893		0.9882		0.9870		0.9856		0.9840		0.9823		0.9804		0.9784		0.9761		0.9735
	59		0.9943		0.9938		0.9932		0.9925		0.9918		0.9909		0.9900		0.9890		0.9878		0.9865		0.9851		0.9835		0.9817		0.9798		0.9776		0.9752
	60		0.9947		0.9942		0.9937		0.9930		0.9923		0.9916		0.9907		0.9898		0.9887		0.9875		0.9861		0.9846		0.9830		0.9811		0.9791		0.9769
	61		0.9951		0.9946		0.9941		0.9935		0.9929		0.9922		0.9914		0.9905		0.9895		0.9883		0.9871		0.9857		0.9841		0.9824		0.9805		0.9784
	62		0.9954		0.9950		0.9945		0.9940		0.9934		0.9927		0.9920		0.9912		0.9902		0.9892		0.9880		0.9867		0.9853		0.9837		0.9819		0.9799
	63		0.9958		0.9954		0.9949		0.9944		0.9939		0.9933		0.9926		0.9918		0.9909		0.9900		0.9889		0.9877		0.9863		0.9848		0.9832		0.9813
	64		0.9961		0.9957		0.9953		0.9949		0.9943		0.9938		0.9931		0.9924		0.9916		0.9907		0.9897		0.9886		0.9873		0.9859		0.9844		0.9827
	65		0.9964		0.9960		0.9957		0.9952		0.9948		0.9942		0.9937		0.9930		0.9923		0.9914		0.9905		0.9894		0.9883		0.9870		0.9856		0.9840
	66		0.9967		0.9963		0.9960		0.9956		0.9952		0.9947		0.9942		0.9935		0.9929		0.9921		0.9912		0.9903		0.9892		0.9880		0.9867		0.9852
	67		0.9969		0.9966		0.9963		0.9960		0.9956		0.9951		0.9946		0.9941		0.9934		0.9927		0.9919		0.9910		0.9900		0.9889		0.9877		0.9863
	68		0.9972		0.9969		0.9966		0.9963		0.9959		0.9955		0.9951		0.9945		0.9940		0.9933		0.9926		0.9917		0.9908		0.9898		0.9887		0.9874
	69		0.9974		0.9972		0.9969		0.9966		0.9963		0.9959		0.9955		0.9950		0.9945		0.9939		0.9932		0.9924		0.9916		0.9906		0.9896		0.9884
	70		0.9976		0.9974		0.9971		0.9969		0.9966		0.9962		0.9959		0.9954		0.9949		0.9944		0.9938		0.9931		0.9923		0.9914		0.9904		0.9894
	71		0.9978		0.9976		0.9974		0.9971		0.9969		0.9966		0.9962		0.9958		0.9954		0.9949		0.9943		0.9936		0.9929		0.9921		0.9912		0.9903
	72		0.9980		0.9978		0.9976		0.9974		0.9971		0.9969		0.9965		0.9962		0.9958		0.9953		0.9948		0.9942		0.9935		0.9928		0.9920		0.9911
	73		0.9982		0.9980		0.9978		0.9976		0.9974		0.9971		0.9969		0.9965		0.9962		0.9957		0.9953		0.9947		0.9941		0.9934		0.9927		0.9919
	74		0.9983		0.9982		0.9980		0.9978		0.9976		0.9974		0.9971		0.9968		0.9965		0.9961		0.9957		0.9952		0.9946		0.9940		0.9933		0.9926
	75		0.9985		0.9983		0.9982		0.9980		0.9978		0.9976		0.9974		0.9971		0.9968		0.9965		0.9961		0.9956		0.9951		0.9946		0.9940		0.9933
	76		0.9986		0.9985		0.9984		0.9982		0.9980		0.9979		0.9976		0.9974		0.9971		0.9968		0.9964		0.9960		0.9956		0.9951		0.9945		0.9939
	77		0.9987		0.9986		0.9985		0.9984		0.9982		0.9981		0.9979		0.9977		0.9974		0.9971		0.9968		0.9964		0.9960		0.9955		0.9950		0.9945
	78		0.9989		0.9988		0.9987		0.9985		0.9984		0.9982		0.9981		0.9979		0.9977		0.9974		0.9971		0.9968		0.9964		0.9960		0.9955		0.9950
	79		0.9990		0.9989		0.9988		0.9987		0.9986		0.9984		0.9983		0.9981		0.9979		0.9976		0.9974		0.9971		0.9967		0.9964		0.9959		0.9955
	80		0.9991		0.9990		0.9989		0.9988		0.9987		0.9986		0.9984		0.9983		0.9981		0.9979		0.9976		0.9974		0.9971		0.9967		0.9963		0.9959
	81		0.9992		0.9991		0.9990		0.9989		0.9988		0.9987		0.9986		0.9984		0.9983		0.9981		0.9979		0.9976		0.9974		0.9970		0.9967		0.9963
	82		0.9992		0.9992		0.9991		0.9990		0.9989		0.9988		0.9987		0.9986		0.9985		0.9983		0.9981		0.9979		0.9976		0.9973		0.9970		0.9967
	83		0.9993		0.9993		0.9992		0.9991		0.9990		0.9990		0.9989		0.9987		0.9986		0.9985		0.9983		0.9981		0.9979		0.9976		0.9973		0.9970
	84		0.9994		0.9993		0.9993		0.9992		0.9991		0.9991		0.9990		0.9989		0.9988		0.9986		0.9985		0.9983		0.9981		0.9979		0.9976		0.9973
	85		0.9994		0.9994		0.9993		0.9993		0.9992		0.9992		0.9991		0.9990		0.9989		0.9988		0.9986		0.9985		0.9983		0.9981		0.9978		0.9976

104

APPENDICES

Table M-1 (cont’d)

O&R Participants

Joint and 75% Survivor Option Without Pop-Up Factors

Effective January 1, 2008

		Age of Pensioner
		46		47		48		49		50		51		52		53		54		55		56		57		58		59		60		61
	20		0.8879		0.8809		0.8735		0.8659		0.8579		0.8496		0.8410		0.8319		0.8224		0.8126		0.8022		0.7915		0.7802		0.7684		0.7562		0.7434
	21		0.8894		0.8824		0.8751		0.8674		0.8595		0.8512		0.8425		0.8335		0.8240		0.8141		0.8038		0.7930		0.7817		0.7700		0.7577		0.7450
	22		0.8909		0.8839		0.8767		0.8690		0.8611		0.8528		0.8442		0.8351		0.8257		0.8158		0.8055		0.7947		0.7834		0.7716		0.7593		0.7466
	23		0.8925		0.8856		0.8783		0.8707		0.8628		0.8545		0.8459		0.8368		0.8274		0.8175		0.8072		0.7964		0.7851		0.7733		0.7611		0.7483
	24		0.8942		0.8873		0.8800		0.8724		0.8645		0.8563		0.8476		0.8386		0.8292		0.8193		0.8090		0.7982		0.7869		0.7751		0.7628		0.7501
	25		0.8959		0.8890		0.8818		0.8742		0.8664		0.8581		0.8495		0.8405		0.8310		0.8212		0.8109		0.8001		0.7888		0.7770		0.7647		0.7519
	26		0.8977		0.8909		0.8837		0.8761		0.8683		0.8600		0.8514		0.8424		0.8330		0.8232		0.8128		0.8021		0.7908		0.7790		0.7667		0.7539
	27		0.8996		0.8927		0.8856		0.8781		0.8702		0.8620		0.8534		0.8445		0.8351		0.8252		0.8149		0.8041		0.7929		0.7811		0.7688		0.7559
	28		0.9015		0.8947		0.8876		0.8801		0.8723		0.8641		0.8555		0.8466		0.8372		0.8274		0.8171		0.8063		0.7950		0.7832		0.7709		0.7581
	29		0.9035		0.8967		0.8896		0.8822		0.8744		0.8663		0.8577		0.8488		0.8394		0.8296		0.8193		0.8086		0.7973		0.7855		0.7732		0.7604
	30		0.9055		0.8988		0.8918		0.8844		0.8766		0.8685		0.8600		0.8511		0.8417		0.8319		0.8217		0.8109		0.7997		0.7879		0.7756		0.7628
	31		0.9076		0.9010		0.8940		0.8866		0.8789		0.8708		0.8623		0.8535		0.8441		0.8344		0.8241		0.8134		0.8021		0.7904		0.7781		0.7652
	32		0.9098		0.9032		0.8962		0.8889		0.8813		0.8732		0.8648		0.8559		0.8466		0.8369		0.8267		0.8160		0.8047		0.7930		0.7807		0.7678
	33		0.9120		0.9054		0.8986		0.8913		0.8837		0.8757		0.8673		0.8585		0.8493		0.8395		0.8293		0.8186		0.8074		0.7957		0.7834		0.7706
	34		0.9143		0.9078		0.9009		0.8938		0.8862		0.8783		0.8699		0.8612		0.8520		0.8423		0.8321		0.8214		0.8102		0.7985		0.7862		0.7734
	35		0.9166		0.9102		0.9034		0.8963		0.8888		0.8809		0.8726		0.8639		0.8548		0.8451		0.8350		0.8243		0.8132		0.8015		0.7892		0.7764
	36		0.9189		0.9126		0.9059		0.8989		0.8915		0.8836		0.8754		0.8668		0.8576		0.8481		0.8380		0.8274		0.8162		0.8045		0.7923		0.7795
	37		0.9213		0.9151		0.9085		0.9015		0.8942		0.8864		0.8783		0.8697		0.8606		0.8511		0.8411		0.8305		0.8194		0.8077		0.7955		0.7828
	38		0.9237		0.9176		0.9111		0.9042		0.8970		0.8893		0.8812		0.8727		0.8637		0.8543		0.8443		0.8338		0.8227		0.8111		0.7989		0.7861
	39		0.9262		0.9202		0.9138		0.9070		0.8998		0.8923		0.8843		0.8758		0.8669		0.8575		0.8476		0.8371		0.8261		0.8145		0.8024		0.7897
	40		0.9287		0.9228		0.9165		0.9098		0.9027		0.8953		0.8874		0.8790		0.8702		0.8609		0.8510		0.8406		0.8297		0.8181		0.8060		0.7933
	41		0.9312		0.9254		0.9192		0.9127		0.9057		0.8983		0.8906		0.8823		0.8736		0.8643		0.8545		0.8442		0.8333		0.8219		0.8098		0.7971
	42		0.9337		0.9280		0.9220		0.9155		0.9087		0.9015		0.8938		0.8856		0.8770		0.8678		0.8582		0.8479		0.8371		0.8257		0.8137		0.8011
	43		0.9362		0.9307		0.9248		0.9185		0.9118		0.9046		0.8971		0.8890		0.8805		0.8715		0.8619		0.8517		0.8410		0.8297		0.8177		0.8052
	44		0.9388		0.9334		0.9276		0.9214		0.9148		0.9079		0.9004		0.8925		0.8841		0.8752		0.8657		0.8557		0.8450		0.8338		0.8219		0.8094
	45		0.9413		0.9360		0.9304		0.9244		0.9180		0.9111		0.9038		0.8960		0.8878		0.8790		0.8696		0.8597		0.8491		0.8380		0.8262		0.8138
	46		0.9438		0.9387		0.9332		0.9273		0.9211		0.9144		0.9072		0.8996		0.8915		0.8828		0.8736		0.8638		0.8534		0.8423		0.8306		0.8183
	47		0.9463		0.9413		0.9360		0.9303		0.9242		0.9177		0.9107		0.9032		0.8952		0.8867		0.8776		0.8680		0.8577		0.8468		0.8352		0.8230
	48		0.9487		0.9439		0.9388		0.9333		0.9273		0.9210		0.9141		0.9068		0.8990		0.8907		0.8817		0.8722		0.8621		0.8513		0.8399		0.8278
	49		0.9512		0.9465		0.9416		0.9362		0.9304		0.9242		0.9176		0.9105		0.9029		0.8947		0.8859		0.8766		0.8666		0.8559		0.8446		0.8326
	50		0.9536		0.9491		0.9443		0.9391		0.9335		0.9275		0.9211		0.9141		0.9067		0.8987		0.8901		0.8809		0.8711		0.8606		0.8495		0.8377
	51		0.9559		0.9516		0.9470		0.9420		0.9366		0.9308		0.9245		0.9178		0.9106		0.9028		0.8944		0.8854		0.8757		0.8654		0.8544		0.8428
	52		0.9582		0.9541		0.9496		0.9448		0.9396		0.9340		0.9280		0.9215		0.9144		0.9068		0.8986		0.8898		0.8804		0.8703		0.8595		0.8480

105

APPENDICES

Table M-1 (cont’d)

O&R Participants

Joint and 75% Survivor Option Without Pop-Up Factors

Effective January 1, 2008

		Age of Pensioner
		46		47		48		49		50		51		52		53		54		55		56		57		58		59		60		61
	53		0.9604		0.9565		0.9522		0.9476		0.9426		0.9372		0.9314		0.9251		0.9183		0.9109		0.9029		0.8943		0.8851		0.8752		0.8646		0.8533
	54		0.9626		0.9589		0.9548		0.9504		0.9456		0.9404		0.9348		0.9287		0.9221		0.9150		0.9072		0.8989		0.8899		0.8802		0.8698		0.8587
	55		0.9648		0.9612		0.9573		0.9531		0.9485		0.9435		0.9381		0.9323		0.9259		0.9190		0.9115		0.9034		0.8946		0.8852		0.8750		0.8642
	56		0.9668		0.9634		0.9597		0.9557		0.9514		0.9466		0.9414		0.9358		0.9297		0.9230		0.9158		0.9079		0.8994		0.8902		0.8803		0.8697
	57		0.9688		0.9656		0.9621		0.9583		0.9541		0.9496		0.9447		0.9393		0.9334		0.9270		0.9200		0.9124		0.9042		0.8953		0.8856		0.8753
	58		0.9707		0.9677		0.9644		0.9608		0.9568		0.9525		0.9478		0.9427		0.9371		0.9309		0.9242		0.9169		0.9090		0.9003		0.8910		0.8809
	59		0.9726		0.9698		0.9666		0.9632		0.9595		0.9554		0.9509		0.9460		0.9407		0.9348		0.9284		0.9214		0.9137		0.9053		0.8963		0.8865
	60		0.9744		0.9717		0.9688		0.9655		0.9620		0.9582		0.9539		0.9493		0.9442		0.9386		0.9325		0.9257		0.9184		0.9103		0.9016		0.8921
	61		0.9761		0.9736		0.9708		0.9678		0.9645		0.9608		0.9568		0.9524		0.9476		0.9423		0.9364		0.9300		0.9230		0.9153		0.9069		0.8977
	62		0.9778		0.9754		0.9728		0.9700		0.9668		0.9634		0.9597		0.9555		0.9509		0.9459		0.9404		0.9342		0.9275		0.9201		0.9121		0.9032
	63		0.9793		0.9771		0.9747		0.9720		0.9691		0.9659		0.9624		0.9585		0.9542		0.9494		0.9442		0.9383		0.9319		0.9249		0.9172		0.9087
	64		0.9808		0.9788		0.9765		0.9740		0.9713		0.9683		0.9650		0.9613		0.9573		0.9528		0.9478		0.9423		0.9363		0.9296		0.9222		0.9141
	65		0.9822		0.9803		0.9782		0.9759		0.9734		0.9706		0.9675		0.9641		0.9603		0.9561		0.9514		0.9462		0.9405		0.9341		0.9271		0.9194
	66		0.9836		0.9818		0.9799		0.9777		0.9753		0.9727		0.9699		0.9667		0.9631		0.9592		0.9548		0.9499		0.9445		0.9385		0.9319		0.9245
	67		0.9848		0.9832		0.9814		0.9794		0.9772		0.9748		0.9721		0.9692		0.9659		0.9622		0.9581		0.9535		0.9484		0.9428		0.9365		0.9296
	68		0.9860		0.9845		0.9828		0.9810		0.9790		0.9768		0.9743		0.9715		0.9685		0.9650		0.9612		0.9570		0.9522		0.9469		0.9410		0.9344
	69		0.9872		0.9858		0.9842		0.9825		0.9807		0.9786		0.9763		0.9738		0.9709		0.9678		0.9642		0.9602		0.9558		0.9508		0.9452		0.9391
	70		0.9882		0.9869		0.9855		0.9839		0.9822		0.9803		0.9782		0.9759		0.9733		0.9703		0.9670		0.9633		0.9592		0.9545		0.9493		0.9436
	71		0.9892		0.9880		0.9867		0.9853		0.9837		0.9820		0.9800		0.9779		0.9754		0.9727		0.9697		0.9663		0.9624		0.9581		0.9533		0.9478
	72		0.9901		0.9890		0.9878		0.9865		0.9851		0.9835		0.9817		0.9797		0.9775		0.9750		0.9722		0.9691		0.9655		0.9615		0.9570		0.9519
	73		0.9910		0.9900		0.9889		0.9877		0.9864		0.9849		0.9833		0.9815		0.9794		0.9772		0.9746		0.9717		0.9684		0.9647		0.9605		0.9558
	74		0.9918		0.9909		0.9899		0.9888		0.9876		0.9862		0.9847		0.9831		0.9812		0.9792		0.9768		0.9741		0.9711		0.9677		0.9638		0.9595
	75		0.9925		0.9917		0.9908		0.9898		0.9887		0.9875		0.9861		0.9846		0.9829		0.9810		0.9789		0.9764		0.9737		0.9705		0.9670		0.9630
	76		0.9932		0.9924		0.9916		0.9907		0.9897		0.9886		0.9874		0.9860		0.9845		0.9827		0.9808		0.9786		0.9760		0.9731		0.9699		0.9662
	77		0.9938		0.9931		0.9924		0.9916		0.9906		0.9896		0.9885		0.9873		0.9859		0.9843		0.9826		0.9805		0.9782		0.9756		0.9726		0.9692
	78		0.9944		0.9938		0.9931		0.9923		0.9915		0.9906		0.9896		0.9885		0.9872		0.9858		0.9842		0.9824		0.9803		0.9779		0.9751		0.9720
	79		0.9949		0.9944		0.9937		0.9931		0.9923		0.9915		0.9906		0.9896		0.9884		0.9872		0.9857		0.9840		0.9821		0.9799		0.9775		0.9746
	80		0.9954		0.9949		0.9943		0.9937		0.9931		0.9923		0.9915		0.9906		0.9896		0.9884		0.9871		0.9856		0.9838		0.9819		0.9796		0.9770
	81		0.9959		0.9954		0.9949		0.9943		0.9937		0.9931		0.9923		0.9915		0.9906		0.9895		0.9883		0.9870		0.9854		0.9836		0.9816		0.9792
	82		0.9963		0.9959		0.9954		0.9949		0.9943		0.9937		0.9931		0.9923		0.9915		0.9906		0.9895		0.9883		0.9869		0.9852		0.9834		0.9813
	83		0.9967		0.9963		0.9959		0.9954		0.9949		0.9944		0.9938		0.9931		0.9923		0.9915		0.9905		0.9894		0.9882		0.9867		0.9850		0.9831
	84		0.9970		0.9966		0.9963		0.9959		0.9954		0.9949		0.9944		0.9938		0.9931		0.9924		0.9915		0.9905		0.9894		0.9881		0.9866		0.9848
	85		0.9973		0.9970		0.9967		0.9963		0.9959		0.9954		0.9950		0.9944		0.9938		0.9932		0.9924		0.9915		0.9905		0.9893		0.9879		0.9864

106

APPENDICES

Table M-1 (cont’d)

O&R Participants

Joint and 75% Survivor Option Without Pop-Up Factors

Effective January 1, 2008

		Age of Pensioner
		62		63		64		65		66		67		68		69		70		71		72		73		74		75
	20		0.7302		0.7164		0.7022		0.6876		0.6725		0.6571		0.6413		0.6251		0.6087		0.5920		0.5750		0.5578		0.5404		0.5228
	21		0.7317		0.7179		0.7037		0.6891		0.6740		0.6585		0.6427		0.6265		0.6101		0.5933		0.5763		0.5591		0.5416		0.5241
	22		0.7333		0.7195		0.7053		0.6906		0.6755		0.6600		0.6442		0.6280		0.6115		0.5948		0.5777		0.5604		0.5430		0.5253
	23		0.7350		0.7212		0.7070		0.6923		0.6771		0.6616		0.6458		0.6296		0.6130		0.5963		0.5792		0.5619		0.5443		0.5267
	24		0.7368		0.7230		0.7087		0.6940		0.6788		0.6633		0.6474		0.6312		0.6147		0.5978		0.5807		0.5634		0.5458		0.5281
	25		0.7386		0.7248		0.7105		0.6958		0.6806		0.6651		0.6492		0.6329		0.6163		0.5995		0.5823		0.5650		0.5474		0.5297
	26		0.7406		0.7268		0.7125		0.6977		0.6825		0.6669		0.6510		0.6347		0.6181		0.6012		0.5841		0.5666		0.5490		0.5313
	27		0.7426		0.7288		0.7145		0.6997		0.6845		0.6689		0.6529		0.6366		0.6200		0.6031		0.5859		0.5684		0.5507		0.5329
	28		0.7448		0.7309		0.7166		0.7018		0.6866		0.6710		0.6550		0.6386		0.6220		0.6050		0.5878		0.5703		0.5526		0.5347
	29		0.7470		0.7332		0.7188		0.7040		0.6888		0.6731		0.6571		0.6407		0.6240		0.6071		0.5898		0.5722		0.5545		0.5366
	30		0.7494		0.7355		0.7212		0.7064		0.6911		0.6754		0.6594		0.6430		0.6262		0.6092		0.5919		0.5743		0.5565		0.5386
	31		0.7519		0.7380		0.7236		0.7088		0.6935		0.6778		0.6617		0.6453		0.6285		0.6115		0.5941		0.5765		0.5586		0.5407
	32		0.7545		0.7406		0.7262		0.7114		0.6961		0.6803		0.6642		0.6478		0.6310		0.6139		0.5965		0.5788		0.5609		0.5429
	33		0.7572		0.7433		0.7289		0.7141		0.6987		0.6830		0.6669		0.6504		0.6335		0.6164		0.5989		0.5812		0.5633		0.5452
	34		0.7601		0.7462		0.7318		0.7169		0.7015		0.6858		0.6696		0.6531		0.6362		0.6190		0.6015		0.5838		0.5658		0.5476
	35		0.7630		0.7492		0.7347		0.7198		0.7045		0.6887		0.6725		0.6559		0.6390		0.6218		0.6043		0.5864		0.5684		0.5502
	36		0.7662		0.7523		0.7379		0.7230		0.7076		0.6918		0.6755		0.6589		0.6420		0.6247		0.6071		0.5893		0.5712		0.5529
	37		0.7694		0.7555		0.7411		0.7262		0.7108		0.6950		0.6787		0.6621		0.6451		0.6278		0.6102		0.5923		0.5741		0.5558
	38		0.7728		0.7589		0.7445		0.7296		0.7142		0.6984		0.6821		0.6654		0.6484		0.6311		0.6134		0.5954		0.5772		0.5588
	39		0.7764		0.7625		0.7481		0.7332		0.7178		0.7019		0.6856		0.6689		0.6519		0.6345		0.6167		0.5987		0.5805		0.5620
	40		0.7801		0.7662		0.7518		0.7369		0.7215		0.7056		0.6893		0.6726		0.6555		0.6381		0.6203		0.6022		0.5839		0.5654
	41		0.7839		0.7701		0.7557		0.7408		0.7254		0.7095		0.6932		0.6764		0.6593		0.6418		0.6240		0.6059		0.5875		0.5689
	42		0.7879		0.7741		0.7598		0.7449		0.7294		0.7135		0.6972		0.6804		0.6633		0.6458		0.6279		0.6097		0.5913		0.5726
	43		0.7920		0.7783		0.7640		0.7491		0.7337		0.7178		0.7014		0.6847		0.6675		0.6499		0.6320		0.6138		0.5953		0.5765
	44		0.7963		0.7826		0.7684		0.7535		0.7381		0.7222		0.7059		0.6891		0.6719		0.6543		0.6363		0.6180		0.5994		0.5807
	45		0.8008		0.7871		0.7729		0.7581		0.7427		0.7268		0.7105		0.6937		0.6764		0.6588		0.6408		0.6225		0.6038		0.5850
	46		0.8054		0.7918		0.7776		0.7628		0.7475		0.7316		0.7153		0.6985		0.6812		0.6636		0.6455		0.6271		0.6084		0.5895
	47		0.8101		0.7966		0.7825		0.7678		0.7525		0.7366		0.7203		0.7035		0.6862		0.6685		0.6505		0.6320		0.6133		0.5943
	48		0.8150		0.8016		0.7875		0.7729		0.7576		0.7418		0.7255		0.7087		0.6914		0.6737		0.6556		0.6371		0.6183		0.5993
	49		0.8200		0.8067		0.7927		0.7781		0.7629		0.7472		0.7309		0.7141		0.6969		0.6792		0.6610		0.6425		0.6236		0.6045
	50		0.8251		0.8119		0.7981		0.7836		0.7685		0.7528		0.7365		0.7198		0.7025		0.6848		0.6666		0.6481		0.6292		0.6100
	51		0.8304		0.8173		0.8036		0.7892		0.7742		0.7585		0.7423		0.7256		0.7084		0.6907		0.6725		0.6539		0.6350		0.6157
	52		0.8358		0.8229		0.8093		0.7950		0.7801		0.7645		0.7484		0.7317		0.7145		0.6968		0.6786		0.6600		0.6410		0.6217

107

APPENDICES

Table M-1 (cont’d)

O&R Participants

Joint and 75% Survivor Option Without Pop-Up Factors

Effective January 1, 2008

		Age of Pensioner
		62		63		64		65		66		67		68		69		70		71		72		73		74		75
	53		0.8413		0.8285		0.8151		0.8009		0.7861		0.7707		0.7546		0.7380		0.7209		0.7032		0.6850		0.6664		0.6474		0.6280
	54		0.8469		0.8343		0.8210		0.8070		0.7924		0.7770		0.7611		0.7446		0.7275		0.7099		0.6917		0.6731		0.6540		0.6346
	55		0.8525		0.8402		0.8271		0.8133		0.7988		0.7836		0.7678		0.7514		0.7343		0.7168		0.6986		0.6800		0.6610		0.6415
	56		0.8583		0.8462		0.8333		0.8197		0.8054		0.7903		0.7747		0.7584		0.7414		0.7239		0.7059		0.6873		0.6682		0.6488
	57		0.8641		0.8523		0.8396		0.8262		0.8121		0.7973		0.7817		0.7656		0.7488		0.7314		0.7134		0.6948		0.6758		0.6563
	58		0.8700		0.8584		0.8460		0.8329		0.8190		0.8043		0.7890		0.7730		0.7564		0.7391		0.7212		0.7027		0.6837		0.6642
	59		0.8759		0.8646		0.8525		0.8396		0.8260		0.8116		0.7965		0.7806		0.7642		0.7470		0.7292		0.7108		0.6919		0.6725
	60		0.8819		0.8708		0.8590		0.8464		0.8331		0.8189		0.8041		0.7885		0.7722		0.7552		0.7375		0.7193		0.7004		0.6810
	61		0.8878		0.8771		0.8656		0.8533		0.8402		0.8264		0.8118		0.7965		0.7804		0.7636		0.7461		0.7280		0.7092		0.6899
	62		0.8937		0.8833		0.8722		0.8602		0.8475		0.8340		0.8197		0.8046		0.7888		0.7722		0.7549		0.7369		0.7183		0.6991
	63		0.8995		0.8895		0.8788		0.8672		0.8548		0.8416		0.8276		0.8128		0.7973		0.7810		0.7639		0.7462		0.7277		0.7086
	64		0.9053		0.8957		0.8853		0.8741		0.8621		0.8492		0.8356		0.8212		0.8059		0.7899		0.7731		0.7556		0.7373		0.7184
	65		0.9110		0.9017		0.8917		0.8809		0.8693		0.8569		0.8436		0.8295		0.8147		0.7990		0.7825		0.7652		0.7472		0.7285
	66		0.9165		0.9077		0.8981		0.8877		0.8765		0.8645		0.8516		0.8380		0.8235		0.8081		0.7920		0.7750		0.7572		0.7387
	67		0.9219		0.9135		0.9044		0.8944		0.8836		0.8720		0.8596		0.8464		0.8323		0.8173		0.8015		0.7849		0.7674		0.7492
	68		0.9272		0.9192		0.9105		0.9009		0.8906		0.8795		0.8675		0.8547		0.8410		0.8265		0.8111		0.7948		0.7777		0.7598
	69		0.9322		0.9247		0.9164		0.9073		0.8975		0.8868		0.8753		0.8630		0.8498		0.8357		0.8207		0.8048		0.7881		0.7706
	70		0.9371		0.9300		0.9221		0.9135		0.9042		0.8940		0.8830		0.8711		0.8584		0.8448		0.8303		0.8148		0.7985		0.7814
	71		0.9418		0.9351		0.9277		0.9196		0.9107		0.9010		0.8905		0.8791		0.8669		0.8538		0.8398		0.8248		0.8090		0.7922
	72		0.9463		0.9400		0.9331		0.9254		0.9170		0.9078		0.8978		0.8870		0.8753		0.8627		0.8492		0.8347		0.8194		0.8031
	73		0.9506		0.9447		0.9382		0.9310		0.9230		0.9143		0.9049		0.8946		0.8834		0.8714		0.8585		0.8445		0.8297		0.8139
	74		0.9546		0.9491		0.9431		0.9363		0.9289		0.9207		0.9117		0.9020		0.8914		0.8799		0.8675		0.8542		0.8399		0.8247
	75		0.9584		0.9534		0.9477		0.9414		0.9344		0.9268		0.9183		0.9091		0.8991		0.8882		0.8764		0.8636		0.8499		0.8352
	76		0.9620		0.9573		0.9521		0.9462		0.9397		0.9325		0.9246		0.9160		0.9065		0.8962		0.8850		0.8728		0.8597		0.8456
	77		0.9654		0.9611		0.9562		0.9508		0.9447		0.9380		0.9306		0.9225		0.9136		0.9039		0.8933		0.8817		0.8692		0.8558
	78		0.9685		0.9645		0.9600		0.9550		0.9494		0.9432		0.9363		0.9287		0.9204		0.9112		0.9012		0.8903		0.8784		0.8656
	79		0.9714		0.9677		0.9636		0.9590		0.9538		0.9481		0.9417		0.9346		0.9268		0.9182		0.9088		0.8985		0.8872		0.8750
	80		0.9741		0.9707		0.9670		0.9627		0.9579		0.9526		0.9467		0.9401		0.9329		0.9248		0.9160		0.9063		0.8957		0.8842
	81		0.9765		0.9735		0.9700		0.9661		0.9617		0.9568		0.9514		0.9453		0.9386		0.9311		0.9228		0.9138		0.9038		0.8929
	82		0.9788		0.9760		0.9729		0.9693		0.9653		0.9608		0.9557		0.9501		0.9439		0.9370		0.9293		0.9208		0.9114		0.9012
	83		0.9809		0.9784		0.9755		0.9723		0.9686		0.9644		0.9598		0.9547		0.9489		0.9425		0.9354		0.9275		0.9187		0.9091
	84		0.9828		0.9805		0.9779		0.9750		0.9716		0.9678		0.9636		0.9589		0.9536		0.9477		0.9411		0.9337		0.9256		0.9166
	85		0.9846		0.9825		0.9802		0.9775		0.9744		0.9710		0.9671		0.9628		0.9579		0.9525		0.9464		0.9396		0.9321		0.9237

108

APPENDICES

Table M-2

O&R Participants

Joint and 75% Survivor Option With Pop-Up Factors

Effective January 1, 2008

		Age of Pensioner
		30		31		32		33		34		35		36		37		38		39		40		41		42		43		44		45
	20		0.9617		0.9588		0.9557		0.9524		0.9489		0.9452		0.9412		0.9370		0.9326		0.9279		0.9229		0.9176		0.9121		0.9063		0.9002		0.8937
	21		0.9627		0.9598		0.9568		0.9535		0.9500		0.9463		0.9424		0.9382		0.9338		0.9291		0.9242		0.9190		0.9134		0.9076		0.9016		0.8952
	22		0.9637		0.9609		0.9578		0.9546		0.9512		0.9475		0.9436		0.9395		0.9351		0.9305		0.9255		0.9203		0.9149		0.9091		0.9030		0.8966
	23		0.9647		0.9619		0.9589		0.9557		0.9523		0.9487		0.9449		0.9408		0.9364		0.9318		0.9269		0.9218		0.9163		0.9105		0.9045		0.8981
	24		0.9657		0.9630		0.9600		0.9569		0.9535		0.9499		0.9461		0.9421		0.9378		0.9332		0.9283		0.9232		0.9178		0.9121		0.9060		0.8997
	25		0.9667		0.9640		0.9611		0.9580		0.9547		0.9512		0.9474		0.9434		0.9392		0.9346		0.9298		0.9247		0.9193		0.9136		0.9076		0.9014
	26		0.9677		0.9651		0.9622		0.9592		0.9559		0.9525		0.9487		0.9448		0.9406		0.9361		0.9313		0.9262		0.9209		0.9153		0.9093		0.9030
	27		0.9687		0.9662		0.9634		0.9604		0.9572		0.9537		0.9501		0.9462		0.9420		0.9376		0.9328		0.9278		0.9225		0.9169		0.9110		0.9048
	28		0.9698		0.9672		0.9645		0.9616		0.9584		0.9550		0.9514		0.9476		0.9435		0.9391		0.9344		0.9294		0.9242		0.9186		0.9127		0.9066
	29		0.9708		0.9683		0.9656		0.9627		0.9597		0.9563		0.9528		0.9490		0.9449		0.9406		0.9360		0.9311		0.9259		0.9204		0.9145		0.9084
	30		0.9718		0.9694		0.9667		0.9639		0.9609		0.9577		0.9542		0.9504		0.9464		0.9422		0.9376		0.9328		0.9276		0.9221		0.9164		0.9103
	31		0.9728		0.9704		0.9679		0.9651		0.9622		0.9590		0.9556		0.9519		0.9480		0.9437		0.9392		0.9345		0.9294		0.9240		0.9182		0.9122
	32		0.9738		0.9715		0.9690		0.9663		0.9634		0.9603		0.9569		0.9533		0.9495		0.9453		0.9409		0.9362		0.9311		0.9258		0.9201		0.9142
	33		0.9747		0.9725		0.9701		0.9675		0.9646		0.9616		0.9583		0.9548		0.9510		0.9469		0.9426		0.9379		0.9330		0.9277		0.9221		0.9162
	34		0.9757		0.9735		0.9712		0.9686		0.9659		0.9629		0.9597		0.9563		0.9525		0.9486		0.9443		0.9397		0.9348		0.9296		0.9241		0.9182
	35		0.9766		0.9745		0.9722		0.9698		0.9671		0.9642		0.9611		0.9577		0.9541		0.9502		0.9460		0.9415		0.9367		0.9315		0.9261		0.9203
	36		0.9775		0.9755		0.9733		0.9709		0.9683		0.9655		0.9625		0.9592		0.9556		0.9518		0.9477		0.9433		0.9385		0.9335		0.9281		0.9224
	37		0.9784		0.9765		0.9743		0.9720		0.9695		0.9668		0.9638		0.9606		0.9571		0.9534		0.9494		0.9450		0.9404		0.9355		0.9302		0.9246
	38		0.9793		0.9774		0.9754		0.9731		0.9707		0.9680		0.9652		0.9620		0.9587		0.9550		0.9511		0.9468		0.9423		0.9374		0.9322		0.9267
	39		0.9802		0.9784		0.9764		0.9742		0.9718		0.9693		0.9665		0.9635		0.9602		0.9566		0.9528		0.9486		0.9442		0.9394		0.9343		0.9289
	40		0.9810		0.9793		0.9773		0.9753		0.9730		0.9705		0.9678		0.9649		0.9617		0.9582		0.9545		0.9504		0.9461		0.9414		0.9364		0.9311
	41		0.9818		0.9801		0.9783		0.9763		0.9741		0.9717		0.9691		0.9662		0.9631		0.9598		0.9561		0.9522		0.9480		0.9434		0.9385		0.9333
	42		0.9826		0.9810		0.9792		0.9773		0.9752		0.9729		0.9703		0.9676		0.9646		0.9613		0.9578		0.9540		0.9498		0.9454		0.9406		0.9355
	43		0.9834		0.9818		0.9801		0.9783		0.9762		0.9740		0.9716		0.9689		0.9660		0.9628		0.9594		0.9557		0.9517		0.9473		0.9427		0.9377
	44		0.9841		0.9826		0.9810		0.9792		0.9772		0.9751		0.9728		0.9702		0.9674		0.9643		0.9610		0.9574		0.9535		0.9493		0.9447		0.9399
	45		0.9848		0.9834		0.9818		0.9801		0.9782		0.9762		0.9739		0.9715		0.9688		0.9658		0.9626		0.9591		0.9553		0.9512		0.9468		0.9420
	46		0.9855		0.9841		0.9826		0.9810		0.9792		0.9772		0.9751		0.9727		0.9701		0.9672		0.9641		0.9608		0.9571		0.9531		0.9488		0.9442
	47		0.9861		0.9848		0.9834		0.9819		0.9801		0.9783		0.9762		0.9739		0.9714		0.9686		0.9656		0.9624		0.9588		0.9550		0.9508		0.9463
	48		0.9868		0.9855		0.9842		0.9827		0.9810		0.9792		0.9773		0.9751		0.9727		0.9700		0.9671		0.9640		0.9605		0.9568		0.9528		0.9484
	49		0.9874		0.9862		0.9849		0.9835		0.9819		0.9802		0.9783		0.9762		0.9739		0.9713		0.9686		0.9655		0.9622		0.9586		0.9547		0.9505
	50		0.9880		0.9869		0.9856		0.9843		0.9828		0.9811		0.9793		0.9773		0.9751		0.9726		0.9700		0.9670		0.9639		0.9604		0.9566		0.9525
	51		0.9885		0.9875		0.9863		0.9850		0.9836		0.9820		0.9803		0.9783		0.9762		0.9739		0.9713		0.9685		0.9655		0.9621		0.9585		0.9545
	52		0.9891		0.9881		0.9869		0.9857		0.9843		0.9828		0.9812		0.9794		0.9773		0.9751		0.9726		0.9699		0.9670		0.9638		0.9603		0.9565

109

APPENDICES

Table M-2 (cont’d)

O&R Participants

Joint and 75% Survivor Option With Pop-Up Factors

Effective January 1, 2008

		Age of Pensioner
		30		31		32		33		34		35		36		37		38		39		40		41		42		43		44		45
	53		0.9896		0.9886		0.9876		0.9864		0.9851		0.9837		0.9821		0.9803		0.9784		0.9763		0.9739		0.9713		0.9685		0.9654		0.9621		0.9584
	54		0.9901		0.9892		0.9882		0.9871		0.9858		0.9845		0.9829		0.9813		0.9794		0.9774		0.9751		0.9727		0.9700		0.9670		0.9638		0.9603
	55		0.9906		0.9897		0.9887		0.9877		0.9865		0.9852		0.9838		0.9822		0.9804		0.9785		0.9763		0.9740		0.9714		0.9685		0.9654		0.9621
	56		0.9910		0.9902		0.9893		0.9883		0.9872		0.9859		0.9846		0.9831		0.9814		0.9795		0.9775		0.9752		0.9727		0.9700		0.9671		0.9638
	57		0.9915		0.9907		0.9898		0.9889		0.9878		0.9866		0.9853		0.9839		0.9823		0.9805		0.9786		0.9764		0.9741		0.9715		0.9686		0.9655
	58		0.9919		0.9911		0.9903		0.9894		0.9884		0.9873		0.9861		0.9847		0.9832		0.9815		0.9796		0.9776		0.9753		0.9729		0.9701		0.9672
	59		0.9923		0.9916		0.9908		0.9900		0.9890		0.9879		0.9868		0.9855		0.9840		0.9824		0.9807		0.9787		0.9766		0.9742		0.9716		0.9688
	60		0.9927		0.9920		0.9913		0.9905		0.9896		0.9886		0.9875		0.9862		0.9849		0.9833		0.9816		0.9798		0.9777		0.9755		0.9730		0.9703
	61		0.9930		0.9924		0.9917		0.9910		0.9901		0.9891		0.9881		0.9869		0.9856		0.9842		0.9826		0.9808		0.9788		0.9767		0.9743		0.9718
	62		0.9934		0.9928		0.9921		0.9914		0.9906		0.9897		0.9887		0.9876		0.9864		0.9850		0.9835		0.9818		0.9799		0.9779		0.9756		0.9732
	63		0.9937		0.9932		0.9926		0.9919		0.9911		0.9902		0.9893		0.9883		0.9871		0.9858		0.9843		0.9827		0.9810		0.9790		0.9769		0.9746
	64		0.9941		0.9935		0.9929		0.9923		0.9916		0.9908		0.9899		0.9889		0.9878		0.9865		0.9852		0.9836		0.9820		0.9801		0.9781		0.9759
	65		0.9944		0.9939		0.9933		0.9927		0.9920		0.9913		0.9904		0.9895		0.9884		0.9872		0.9859		0.9845		0.9829		0.9811		0.9792		0.9771
	66		0.9947		0.9942		0.9937		0.9931		0.9924		0.9917		0.9909		0.9900		0.9890		0.9879		0.9867		0.9853		0.9838		0.9821		0.9803		0.9783
	67		0.9949		0.9945		0.9940		0.9935		0.9928		0.9922		0.9914		0.9906		0.9896		0.9886		0.9874		0.9861		0.9847		0.9831		0.9813		0.9794
	68		0.9952		0.9948		0.9943		0.9938		0.9932		0.9926		0.9919		0.9911		0.9902		0.9892		0.9881		0.9869		0.9855		0.9840		0.9823		0.9805
	69		0.9954		0.9951		0.9946		0.9941		0.9936		0.9930		0.9923		0.9916		0.9907		0.9898		0.9887		0.9876		0.9863		0.9849		0.9833		0.9816
	70		0.9957		0.9953		0.9949		0.9945		0.9940		0.9934		0.9928		0.9921		0.9913		0.9904		0.9894		0.9883		0.9870		0.9857		0.9842		0.9826
	71		0.9959		0.9956		0.9952		0.9948		0.9943		0.9938		0.9932		0.9925		0.9917		0.9909		0.9900		0.9889		0.9877		0.9865		0.9851		0.9835
	72		0.9961		0.9958		0.9955		0.9951		0.9946		0.9941		0.9936		0.9929		0.9922		0.9914		0.9905		0.9895		0.9884		0.9872		0.9859		0.9844
	73		0.9963		0.9960		0.9957		0.9953		0.9949		0.9944		0.9939		0.9933		0.9927		0.9919		0.9911		0.9901		0.9891		0.9879		0.9867		0.9853
	74		0.9965		0.9963		0.9959		0.9956		0.9952		0.9948		0.9943		0.9937		0.9931		0.9924		0.9916		0.9907		0.9897		0.9886		0.9874		0.9861
	75		0.9967		0.9965		0.9962		0.9958		0.9955		0.9951		0.9946		0.9941		0.9935		0.9928		0.9921		0.9912		0.9903		0.9892		0.9881		0.9869
	76		0.9969		0.9967		0.9964		0.9961		0.9957		0.9953		0.9949		0.9944		0.9939		0.9932		0.9925		0.9917		0.9908		0.9899		0.9888		0.9876
	77		0.9971		0.9968		0.9966		0.9963		0.9960		0.9956		0.9952		0.9947		0.9942		0.9936		0.9929		0.9922		0.9914		0.9904		0.9894		0.9883
	78		0.9972		0.9970		0.9968		0.9965		0.9962		0.9959		0.9955		0.9951		0.9946		0.9940		0.9934		0.9927		0.9919		0.9910		0.9900		0.9890
	79		0.9974		0.9972		0.9970		0.9967		0.9964		0.9961		0.9958		0.9953		0.9949		0.9944		0.9938		0.9931		0.9923		0.9915		0.9906		0.9896
	80		0.9975		0.9973		0.9971		0.9969		0.9966		0.9963		0.9960		0.9956		0.9952		0.9947		0.9941		0.9935		0.9928		0.9920		0.9911		0.9902
	81		0.9977		0.9975		0.9973		0.9971		0.9968		0.9965		0.9962		0.9959		0.9955		0.9950		0.9945		0.9939		0.9932		0.9925		0.9917		0.9908
	82		0.9978		0.9976		0.9975		0.9972		0.9970		0.9968		0.9965		0.9961		0.9958		0.9953		0.9948		0.9943		0.9936		0.9929		0.9922		0.9913
	83		0.9979		0.9978		0.9976		0.9974		0.9972		0.9969		0.9967		0.9964		0.9960		0.9956		0.9951		0.9946		0.9940		0.9934		0.9926		0.9918
	84		0.9980		0.9979		0.9977		0.9976		0.9974		0.9971		0.9969		0.9966		0.9963		0.9959		0.9954		0.9949		0.9944		0.9938		0.9931		0.9923
	85		0.9982		0.9980		0.9979		0.9977		0.9975		0.9973		0.9971		0.9968		0.9965		0.9961		0.9957		0.9953		0.9947		0.9942		0.9935		0.9928

110

APPENDICES

Table M-2 (cont’d)

O&R Participants

Joint and 75% Survivor Option With Pop-Up Factors

Effective January 1, 2008

		Age of Pensioner
		46		47		48		49		50		51		52		53		54		55		56		57		58		59		60		61
	20		0.8870		0.8800		0.8727		0.8650		0.8571		0.8488		0.8401		0.8310		0.8216		0.8117		0.8014		0.7906		0.7793		0.7676		0.7553		0.7426
	21		0.8885		0.8815		0.8741		0.8665		0.8586		0.8503		0.8416		0.8325		0.8231		0.8132		0.8029		0.7921		0.7808		0.7691		0.7568		0.7441
	22		0.8899		0.8830		0.8757		0.8681		0.8601		0.8518		0.8432		0.8341		0.8247		0.8148		0.8045		0.7937		0.7824		0.7706		0.7584		0.7456
	23		0.8915		0.8845		0.8773		0.8697		0.8617		0.8534		0.8448		0.8358		0.8263		0.8164		0.8061		0.7953		0.7841		0.7723		0.7600		0.7473
	24		0.8931		0.8861		0.8789		0.8713		0.8634		0.8551		0.8465		0.8375		0.8280		0.8182		0.8078		0.7971		0.7858		0.7740		0.7617		0.7490
	25		0.8947		0.8878		0.8806		0.8730		0.8651		0.8569		0.8483		0.8392		0.8298		0.8200		0.8097		0.7989		0.7876		0.7758		0.7635		0.7508
	26		0.8965		0.8896		0.8824		0.8748		0.8669		0.8587		0.8501		0.8411		0.8317		0.8218		0.8115		0.8008		0.7895		0.7777		0.7654		0.7526
	27		0.8982		0.8914		0.8842		0.8767		0.8688		0.8606		0.8520		0.8430		0.8336		0.8238		0.8135		0.8027		0.7915		0.7797		0.7674		0.7546
	28		0.9000		0.8932		0.8861		0.8786		0.8708		0.8626		0.8540		0.8450		0.8357		0.8258		0.8156		0.8048		0.7935		0.7818		0.7695		0.7567
	29		0.9019		0.8951		0.8880		0.8806		0.8728		0.8646		0.8561		0.8471		0.8378		0.8280		0.8177		0.8069		0.7957		0.7839		0.7716		0.7588
	30		0.9038		0.8971		0.8900		0.8826		0.8749		0.8667		0.8582		0.8493		0.8400		0.8302		0.8199		0.8092		0.7979		0.7862		0.7739		0.7611
	31		0.9058		0.8991		0.8921		0.8847		0.8770		0.8689		0.8604		0.8515		0.8422		0.8325		0.8222		0.8115		0.8003		0.7885		0.7762		0.7634
	32		0.9079		0.9012		0.8942		0.8869		0.8792		0.8712		0.8627		0.8539		0.8446		0.8348		0.8246		0.8139		0.8027		0.7909		0.7787		0.7659
	33		0.9099		0.9033		0.8964		0.8891		0.8815		0.8735		0.8651		0.8563		0.8470		0.8373		0.8271		0.8164		0.8052		0.7935		0.7812		0.7684
	34		0.9120		0.9055		0.8987		0.8914		0.8839		0.8759		0.8675		0.8588		0.8495		0.8399		0.8297		0.8190		0.8079		0.7961		0.7839		0.7711
	35		0.9142		0.9077		0.9009		0.8938		0.8863		0.8784		0.8701		0.8613		0.8521		0.8425		0.8324		0.8217		0.8106		0.7989		0.7866		0.7739
	36		0.9164		0.9100		0.9033		0.8962		0.8887		0.8809		0.8726		0.8640		0.8548		0.8452		0.8351		0.8245		0.8134		0.8017		0.7895		0.7768
	37		0.9186		0.9123		0.9057		0.8986		0.8913		0.8835		0.8753		0.8667		0.8576		0.8481		0.8380		0.8274		0.8164		0.8047		0.7925		0.7798
	38		0.9209		0.9146		0.9081		0.9011		0.8938		0.8861		0.8780		0.8695		0.8604		0.8510		0.8410		0.8304		0.8194		0.8078		0.7956		0.7829
	39		0.9231		0.9170		0.9105		0.9037		0.8965		0.8888		0.8808		0.8723		0.8634		0.8539		0.8440		0.8335		0.8225		0.8110		0.7988		0.7861
	40		0.9254		0.9194		0.9130		0.9063		0.8991		0.8916		0.8836		0.8752		0.8664		0.8570		0.8471		0.8367		0.8258		0.8142		0.8021		0.7895
	41		0.9277		0.9218		0.9155		0.9089		0.9018		0.8944		0.8865		0.8782		0.8694		0.8602		0.8503		0.8400		0.8291		0.8176		0.8056		0.7929
	42		0.9300		0.9242		0.9181		0.9115		0.9046		0.8973		0.8895		0.8813		0.8726		0.8634		0.8536		0.8434		0.8325		0.8211		0.8091		0.7965
	43		0.9323		0.9267		0.9206		0.9142		0.9074		0.9001		0.8925		0.8844		0.8758		0.8667		0.8570		0.8468		0.8361		0.8247		0.8128		0.8002
	44		0.9347		0.9291		0.9232		0.9169		0.9102		0.9031		0.8955		0.8875		0.8790		0.8700		0.8605		0.8504		0.8397		0.8284		0.8165		0.8041
	45		0.9370		0.9315		0.9257		0.9195		0.9130		0.9060		0.8986		0.8907		0.8823		0.8734		0.8640		0.8540		0.8434		0.8322		0.8204		0.8080
	46		0.9392		0.9339		0.9283		0.9222		0.9158		0.9089		0.9017		0.8939		0.8856		0.8769		0.8675		0.8577		0.8472		0.8361		0.8244		0.8120
	47		0.9415		0.9363		0.9308		0.9249		0.9186		0.9119		0.9048		0.8971		0.8890		0.8804		0.8712		0.8614		0.8510		0.8400		0.8284		0.8162
	48		0.9438		0.9387		0.9333		0.9276		0.9215		0.9149		0.9079		0.9004		0.8924		0.8839		0.8749		0.8652		0.8550		0.8441		0.8326		0.8204
	49		0.9460		0.9411		0.9359		0.9303		0.9243		0.9179		0.9110		0.9037		0.8959		0.8875		0.8786		0.8691		0.8590		0.8482		0.8368		0.8248
	50		0.9482		0.9434		0.9383		0.9329		0.9271		0.9208		0.9141		0.9070		0.8993		0.8911		0.8823		0.8730		0.8630		0.8524		0.8411		0.8292
	51		0.9503		0.9457		0.9408		0.9355		0.9298		0.9238		0.9172		0.9102		0.9028		0.8947		0.8861		0.8769		0.8671		0.8567		0.8455		0.8338
	52		0.9524		0.9480		0.9432		0.9381		0.9326		0.9267		0.9203		0.9135		0.9062		0.8983		0.8899		0.8809		0.8713		0.8610		0.8500		0.8384

111

APPENDICES

Table M-2 (cont’d)

O&R Participants

Joint and 75% Survivor Option With Pop-Up Factors

Effective January 1, 2008

		Age of Pensioner
		46		47		48		49		50		51		52		53		54		55		56		57		58		59		60		61
	53		0.9545		0.9502		0.9456		0.9406		0.9353		0.9296		0.9234		0.9168		0.9096		0.9020		0.8937		0.8849		0.8754		0.8653		0.8545		0.8430
	54		0.9565		0.9524		0.9479		0.9431		0.9380		0.9324		0.9265		0.9200		0.9131		0.9056		0.8975		0.8889		0.8796		0.8697		0.8591		0.8478
	55		0.9584		0.9545		0.9502		0.9456		0.9406		0.9352		0.9295		0.9232		0.9165		0.9092		0.9013		0.8929		0.8838		0.8741		0.8636		0.8525
	56		0.9603		0.9565		0.9524		0.9480		0.9432		0.9380		0.9324		0.9264		0.9198		0.9128		0.9051		0.8969		0.8880		0.8785		0.8683		0.8573
	57		0.9622		0.9585		0.9546		0.9503		0.9457		0.9407		0.9353		0.9295		0.9232		0.9163		0.9089		0.9009		0.8922		0.8829		0.8729		0.8622
	58		0.9640		0.9605		0.9567		0.9526		0.9482		0.9434		0.9382		0.9325		0.9264		0.9198		0.9126		0.9048		0.8964		0.8873		0.8775		0.8670
	59		0.9657		0.9624		0.9587		0.9548		0.9506		0.9460		0.9410		0.9355		0.9296		0.9232		0.9163		0.9087		0.9005		0.8917		0.8821		0.8719
	60		0.9674		0.9642		0.9607		0.9570		0.9529		0.9485		0.9437		0.9385		0.9328		0.9266		0.9199		0.9126		0.9046		0.8960		0.8867		0.8767
	61		0.9690		0.9659		0.9626		0.9591		0.9552		0.9509		0.9463		0.9413		0.9359		0.9299		0.9234		0.9164		0.9087		0.9003		0.8913		0.8815
	62		0.9705		0.9676		0.9645		0.9611		0.9573		0.9533		0.9489		0.9441		0.9389		0.9332		0.9269		0.9201		0.9127		0.9046		0.8958		0.8863
	63		0.9720		0.9693		0.9663		0.9630		0.9595		0.9556		0.9514		0.9468		0.9418		0.9363		0.9303		0.9237		0.9166		0.9087		0.9003		0.8911
	64		0.9734		0.9708		0.9680		0.9649		0.9615		0.9578		0.9538		0.9494		0.9446		0.9394		0.9336		0.9273		0.9204		0.9128		0.9046		0.8957
	65		0.9748		0.9723		0.9696		0.9667		0.9635		0.9600		0.9561		0.9520		0.9474		0.9424		0.9368		0.9308		0.9241		0.9169		0.9089		0.9003
	66		0.9761		0.9737		0.9712		0.9684		0.9653		0.9620		0.9584		0.9544		0.9500		0.9452		0.9400		0.9342		0.9278		0.9208		0.9131		0.9048
	67		0.9774		0.9751		0.9727		0.9700		0.9671		0.9640		0.9605		0.9568		0.9526		0.9480		0.9430		0.9374		0.9313		0.9246		0.9173		0.9092
	68		0.9786		0.9764		0.9741		0.9716		0.9689		0.9659		0.9626		0.9590		0.9551		0.9507		0.9459		0.9406		0.9348		0.9283		0.9213		0.9135
	69		0.9797		0.9777		0.9755		0.9731		0.9705		0.9677		0.9646		0.9612		0.9574		0.9533		0.9487		0.9437		0.9381		0.9319		0.9252		0.9177
	70		0.9808		0.9789		0.9768		0.9745		0.9721		0.9694		0.9665		0.9633		0.9597		0.9558		0.9515		0.9466		0.9413		0.9354		0.9289		0.9218
	71		0.9818		0.9800		0.9781		0.9759		0.9736		0.9711		0.9683		0.9653		0.9619		0.9582		0.9541		0.9495		0.9444		0.9388		0.9326		0.9258
	72		0.9828		0.9811		0.9792		0.9772		0.9750		0.9726		0.9700		0.9672		0.9640		0.9605		0.9566		0.9522		0.9474		0.9421		0.9361		0.9296
	73		0.9838		0.9821		0.9804		0.9785		0.9764		0.9741		0.9717		0.9690		0.9660		0.9626		0.9590		0.9548		0.9503		0.9452		0.9395		0.9333
	74		0.9847		0.9831		0.9815		0.9797		0.9777		0.9756		0.9733		0.9707		0.9679		0.9647		0.9612		0.9573		0.9530		0.9482		0.9428		0.9369
	75		0.9855		0.9841		0.9825		0.9808		0.9789		0.9769		0.9747		0.9723		0.9697		0.9667		0.9634		0.9597		0.9556		0.9511		0.9460		0.9403
	76		0.9863		0.9849		0.9835		0.9818		0.9801		0.9782		0.9762		0.9739		0.9714		0.9686		0.9655		0.9620		0.9581		0.9538		0.9490		0.9436
	77		0.9871		0.9858		0.9844		0.9829		0.9812		0.9794		0.9775		0.9754		0.9730		0.9704		0.9675		0.9642		0.9605		0.9564		0.9518		0.9467
	78		0.9878		0.9866		0.9853		0.9838		0.9823		0.9806		0.9788		0.9768		0.9746		0.9721		0.9693		0.9663		0.9628		0.9589		0.9546		0.9497
	79		0.9885		0.9873		0.9861		0.9847		0.9833		0.9817		0.9800		0.9781		0.9760		0.9737		0.9711		0.9682		0.9650		0.9613		0.9572		0.9526
	80		0.9892		0.9881		0.9869		0.9856		0.9842		0.9827		0.9811		0.9794		0.9774		0.9752		0.9728		0.9701		0.9670		0.9636		0.9597		0.9554
	81		0.9898		0.9887		0.9876		0.9864		0.9851		0.9837		0.9822		0.9806		0.9787		0.9767		0.9744		0.9718		0.9690		0.9657		0.9621		0.9580
	82		0.9904		0.9894		0.9883		0.9872		0.9860		0.9847		0.9833		0.9817		0.9800		0.9781		0.9759		0.9735		0.9708		0.9678		0.9643		0.9605
	83		0.9910		0.9900		0.9890		0.9879		0.9868		0.9856		0.9842		0.9828		0.9812		0.9794		0.9774		0.9751		0.9726		0.9697		0.9665		0.9628
	84		0.9915		0.9906		0.9897		0.9887		0.9876		0.9864		0.9852		0.9838		0.9823		0.9806		0.9787		0.9766		0.9742		0.9715		0.9685		0.9651
	85		0.9920		0.9912		0.9903		0.9893		0.9883		0.9872		0.9860		0.9848		0.9834		0.9818		0.9800		0.9781		0.9758		0.9733		0.9705		0.9672

112

APPENDICES

Table M-2 (cont’d)

O&R Participants

Joint and 75% Survivor Option With Pop-Up Factors

Effective January 1, 2008

		Age of Pensioner
		62		63		64		65		66		67		68		69		70		71		72		73		74		75
	20		0.7293		0.7156		0.7014		0.6868		0.6717		0.6563		0.6405		0.6244		0.6080		0.5913		0.5744		0.5572		0.5398		0.5223
	21		0.7308		0.7171		0.7029		0.6882		0.6732		0.6577		0.6419		0.6258		0.6093		0.5926		0.5756		0.5584		0.5410		0.5235
	22		0.7324		0.7186		0.7044		0.6897		0.6746		0.6592		0.6434		0.6272		0.6107		0.5940		0.5770		0.5597		0.5423		0.5247
	23		0.7340		0.7202		0.7060		0.6913		0.6762		0.6607		0.6449		0.6287		0.6122		0.5955		0.5784		0.5611		0.5436		0.5260
	24		0.7357		0.7219		0.7077		0.6930		0.6779		0.6623		0.6465		0.6303		0.6138		0.5970		0.5799		0.5626		0.5451		0.5274
	25		0.7375		0.7237		0.7094		0.6947		0.6796		0.6641		0.6482		0.6319		0.6154		0.5986		0.5815		0.5641		0.5466		0.5289
	26		0.7393		0.7255		0.7113		0.6965		0.6814		0.6658		0.6499		0.6337		0.6171		0.6003		0.5831		0.5657		0.5482		0.5304
	27		0.7413		0.7275		0.7132		0.6985		0.6833		0.6677		0.6518		0.6355		0.6189		0.6020		0.5849		0.5674		0.5498		0.5321
	28		0.7434		0.7295		0.7152		0.7005		0.6853		0.6697		0.6537		0.6374		0.6208		0.6039		0.5867		0.5692		0.5516		0.5338
	29		0.7455		0.7317		0.7174		0.7026		0.6874		0.6718		0.6558		0.6394		0.6228		0.6059		0.5886		0.5711		0.5534		0.5356
	30		0.7477		0.7339		0.7196		0.7048		0.6896		0.6739		0.6579		0.6416		0.6249		0.6079		0.5906		0.5731		0.5554		0.5375
	31		0.7501		0.7362		0.7219		0.7071		0.6919		0.6762		0.6602		0.6438		0.6271		0.6101		0.5928		0.5752		0.5574		0.5395
	32		0.7525		0.7387		0.7243		0.7095		0.6943		0.6786		0.6625		0.6461		0.6294		0.6123		0.5950		0.5774		0.5596		0.5416
	33		0.7551		0.7412		0.7269		0.7121		0.6968		0.6811		0.6650		0.6486		0.6318		0.6147		0.5973		0.5797		0.5618		0.5438
	34		0.7578		0.7439		0.7296		0.7147		0.6994		0.6837		0.6676		0.6511		0.6343		0.6172		0.5998		0.5821		0.5642		0.5461
	35		0.7605		0.7467		0.7323		0.7175		0.7022		0.6864		0.6703		0.6538		0.6370		0.6198		0.6024		0.5846		0.5667		0.5486
	36		0.7634		0.7496		0.7352		0.7204		0.7051		0.6893		0.6732		0.6566		0.6398		0.6226		0.6051		0.5873		0.5693		0.5511
	37		0.7665		0.7526		0.7383		0.7234		0.7081		0.6923		0.6761		0.6596		0.6427		0.6255		0.6079		0.5901		0.5721		0.5538
	38		0.7696		0.7558		0.7414		0.7265		0.7112		0.6954		0.6792		0.6627		0.6457		0.6285		0.6109		0.5930		0.5749		0.5567
	39		0.7729		0.7590		0.7447		0.7298		0.7145		0.6987		0.6825		0.6659		0.6489		0.6316		0.6140		0.5961		0.5780		0.5596
	40		0.7762		0.7624		0.7481		0.7332		0.7179		0.7021		0.6859		0.6693		0.6523		0.6349		0.6173		0.5993		0.5811		0.5628
	41		0.7797		0.7660		0.7516		0.7368		0.7214		0.7056		0.6894		0.6728		0.6558		0.6384		0.6207		0.6027		0.5845		0.5660
	42		0.7834		0.7696		0.7553		0.7405		0.7251		0.7093		0.6931		0.6764		0.6594		0.6420		0.6243		0.6062		0.5879		0.5694
	43		0.7871		0.7734		0.7591		0.7443		0.7290		0.7132		0.6969		0.6803		0.6632		0.6458		0.6280		0.6099		0.5916		0.5730
	44		0.7910		0.7773		0.7631		0.7483		0.7330		0.7172		0.7009		0.6842		0.6672		0.6497		0.6319		0.6138		0.5954		0.5768
	45		0.7950		0.7814		0.7672		0.7524		0.7371		0.7213		0.7051		0.6884		0.6713		0.6538		0.6360		0.6178		0.5994		0.5807
	46		0.7991		0.7855		0.7714		0.7566		0.7414		0.7256		0.7094		0.6927		0.6756		0.6581		0.6402		0.6220		0.6035		0.5848
	47		0.8033		0.7898		0.7757		0.7610		0.7458		0.7301		0.7139		0.6972		0.6801		0.6626		0.6447		0.6264		0.6079		0.5891
	48		0.8077		0.7942		0.7802		0.7656		0.7504		0.7347		0.7185		0.7018		0.6847		0.6672		0.6493		0.6310		0.6124		0.5936
	49		0.8121		0.7988		0.7848		0.7703		0.7552		0.7395		0.7233		0.7067		0.6896		0.6721		0.6541		0.6358		0.6172		0.5983
	50		0.8167		0.8034		0.7896		0.7751		0.7600		0.7444		0.7283		0.7117		0.6946		0.6771		0.6591		0.6408		0.6221		0.6032
	51		0.8213		0.8082		0.7944		0.7801		0.7651		0.7495		0.7334		0.7169		0.6998		0.6823		0.6644		0.6460		0.6273		0.6083
	52		0.8260		0.8131		0.7994		0.7851		0.7702		0.7548		0.7388		0.7222		0.7052		0.6877		0.6698		0.6514		0.6327		0.6137

113

APPENDICES

Table M-2 (cont’d)

O&R Participants

Joint and 75% Survivor Option With Pop-Up Factors

Effective January 1, 2008

		Age of Pensioner
		62		63		64		65		66		67		68		69		70		71		72		73		74		75
	53		0.8309		0.8180		0.8045		0.7903		0.7756		0.7602		0.7442		0.7278		0.7108		0.6933		0.6754		0.6570		0.6383		0.6193
	54		0.8358		0.8231		0.8097		0.7957		0.7810		0.7657		0.7499		0.7335		0.7166		0.6991		0.6812		0.6629		0.6442		0.6251
	55		0.8407		0.8282		0.8150		0.8011		0.7865		0.7714		0.7556		0.7393		0.7225		0.7051		0.6873		0.6690		0.6502		0.6311
	56		0.8457		0.8334		0.8203		0.8066		0.7922		0.7772		0.7616		0.7454		0.7286		0.7113		0.6935		0.6752		0.6565		0.6374
	57		0.8508		0.8386		0.8258		0.8122		0.7980		0.7831		0.7676		0.7516		0.7349		0.7177		0.7000		0.6817		0.6630		0.6440
	58		0.8558		0.8439		0.8313		0.8179		0.8039		0.7892		0.7738		0.7579		0.7413		0.7242		0.7066		0.6884		0.6697		0.6507
	59		0.8609		0.8492		0.8368		0.8236		0.8098		0.7953		0.7801		0.7643		0.7479		0.7309		0.7134		0.6953		0.6767		0.6577
	60		0.8660		0.8545		0.8423		0.8294		0.8158		0.8015		0.7865		0.7709		0.7546		0.7378		0.7204		0.7023		0.6838		0.6649
	61		0.8711		0.8599		0.8479		0.8352		0.8218		0.8077		0.7930		0.7775		0.7615		0.7448		0.7275		0.7096		0.6912		0.6723
	62		0.8761		0.8652		0.8535		0.8411		0.8279		0.8140		0.7995		0.7843		0.7684		0.7519		0.7347		0.7170		0.6987		0.6799
	63		0.8811		0.8705		0.8590		0.8469		0.8340		0.8204		0.8061		0.7911		0.7754		0.7591		0.7421		0.7245		0.7063		0.6877
	64		0.8861		0.8757		0.8646		0.8527		0.8401		0.8267		0.8127		0.7979		0.7825		0.7664		0.7496		0.7322		0.7142		0.6956
	65		0.8910		0.8809		0.8700		0.8585		0.8461		0.8331		0.8193		0.8048		0.7896		0.7738		0.7572		0.7400		0.7221		0.7037
	66		0.8958		0.8860		0.8755		0.8642		0.8522		0.8394		0.8259		0.8117		0.7968		0.7812		0.7649		0.7479		0.7302		0.7120
	67		0.9005		0.8910		0.8808		0.8698		0.8581		0.8457		0.8325		0.8186		0.8040		0.7887		0.7726		0.7558		0.7384		0.7203
	68		0.9051		0.8960		0.8861		0.8754		0.8641		0.8519		0.8391		0.8255		0.8112		0.7961		0.7803		0.7638		0.7466		0.7288
	69		0.9096		0.9008		0.8912		0.8809		0.8699		0.8581		0.8456		0.8323		0.8183		0.8036		0.7881		0.7718		0.7549		0.7373
	70		0.9140		0.9055		0.8963		0.8863		0.8756		0.8642		0.8520		0.8391		0.8254		0.8110		0.7958		0.7799		0.7632		0.7459
	71		0.9183		0.9101		0.9012		0.8916		0.8813		0.8702		0.8584		0.8458		0.8325		0.8184		0.8036		0.7879		0.7716		0.7545
	72		0.9224		0.9146		0.9060		0.8968		0.8868		0.8761		0.8646		0.8524		0.8395		0.8257		0.8112		0.7959		0.7799		0.7631
	73		0.9265		0.9189		0.9107		0.9018		0.8922		0.8818		0.8707		0.8589		0.8463		0.8330		0.8188		0.8039		0.7882		0.7718
	74		0.9303		0.9231		0.9153		0.9067		0.8974		0.8874		0.8767		0.8653		0.8531		0.8401		0.8263		0.8118		0.7964		0.7803
	75		0.9341		0.9272		0.9196		0.9114		0.9025		0.8929		0.8826		0.8715		0.8597		0.8471		0.8338		0.8196		0.8046		0.7889
	76		0.9376		0.9311		0.9239		0.9160		0.9074		0.8982		0.8883		0.8776		0.8662		0.8540		0.8410		0.8272		0.8126		0.7973
	77		0.9411		0.9348		0.9279		0.9204		0.9122		0.9033		0.8938		0.8835		0.8725		0.8607		0.8482		0.8348		0.8206		0.8056
	78		0.9444		0.9384		0.9318		0.9247		0.9168		0.9083		0.8991		0.8893		0.8787		0.8673		0.8551		0.8422		0.8284		0.8138
	79		0.9475		0.9419		0.9356		0.9287		0.9213		0.9131		0.9043		0.8948		0.8846		0.8737		0.8619		0.8494		0.8360		0.8218
	80		0.9505		0.9451		0.9392		0.9327		0.9255		0.9178		0.9093		0.9002		0.8904		0.8799		0.8686		0.8564		0.8435		0.8298
	81		0.9534		0.9483		0.9427		0.9364		0.9296		0.9222		0.9142		0.9055		0.8961		0.8859		0.8750		0.8633		0.8508		0.8375
	82		0.9561		0.9513		0.9460		0.9400		0.9336		0.9265		0.9188		0.9105		0.9015		0.8918		0.8813		0.8701		0.8580		0.8451
	83		0.9587		0.9542		0.9491		0.9435		0.9374		0.9306		0.9233		0.9154		0.9068		0.8975		0.8874		0.8766		0.8650		0.8525
	84		0.9612		0.9569		0.9521		0.9468		0.9410		0.9346		0.9276		0.9201		0.9119		0.9030		0.8934		0.8830		0.8718		0.8598
	85		0.9636		0.9595		0.9550		0.9500		0.9445		0.9384		0.9318		0.9246		0.9168		0.9083		0.8991		0.8892		0.8784		0.8669

114

Sub appendix A. 3

Table A

CEI Participants

12 Year Certain and Life Annuity

Pensioner Age	Factor
25		0.9987
26		0.9986
27		0.9985
28		0.9984
29		0.9984
30		0.9982
31		0.9980
32		0.9979
33		0.9977
34		0.9976
35		0.9973
36		0.9970
37		0.9968
38		0.9965
39		0.9960
40		0.9956
41		0.9951
42		0.9946
43		0.9939
44		0.9932
45		0.9923
46		0.9915
47		0.9905
48		0.9895
49		0.9884

Pensioner Age	Factor
50		0.9872
51		0.9860
52		0.9846
53		0.9831
54		0.9813
55		0.9794
56		0.9770
57		0.9746
58		0.9716
59		0.9683
60		0.9644
61		0.9599
62		0.9549
63		0.9493
64		0.9428
65		0.9357
66		0.9276
67		0.9185
68		0.9085
69		0.8975
70		0.8854
71		0.8722
72		0.8578
73		0.8420
74		0.8249
75		0.8068

115

APPENDICES

Sub appendix A. 3

Table B

100% Joint and Survivor Without Pop-Up

CEI Participants

Age of Pensioner

1		25		26		27		28		29		30		31		32		33		34		35		36		37		38		39		40		41
	25		0.9822		0.9806		0.9790		0.9772		0.9753		0.9733		0.9710		0.9686		0.9659		0.9631		0.9600		0.9567		0.9532		0.9494		0.9454		0.9409		0.9363
	26		0.9826		0.9811		0.9796		0.9778		0.9760		0.9739		0.9716		0.9693		0.9666		0.9639		0.9608		0.9576		0.9540		0.9503		0.9463		0.9420		0.9373
	27		0.9831		0.9817		0.9801		0.9784		0.9766		0.9746		0.9723		0.9700		0.9674		0.9647		0.9617		0.9584		0.9550		0.9513		0.9473		0.9430		0.9383
	28		0.9836		0.9822		0.9807		0.9790		0.9772		0.9752		0.9730		0.9708		0.9682		0.9655		0.9625		0.9594		0.9559		0.9523		0.9483		0.9441		0.9395
	29		0.9840		0.9827		0.9812		0.9795		0.9778		0.9759		0.9737		0.9715		0.9690		0.9664		0.9634		0.9603		0.9569		0.9533		0.9493		0.9452		0.9406
	30		0.9846		0.9832		0.9817		0.9801		0.9785		0.9766		0.9744		0.9723		0.9697		0.9672		0.9643		0.9612		0.9579		0.9543		0.9505		0.9463		0.9418
	31		0.9851		0.9837		0.9823		0.9807		0.9791		0.9772		0.9751		0.9731		0.9706		0.9681		0.9652		0.9622		0.9589		0.9554		0.9516		0.9474		0.9430
	32		0.9855		0.9842		0.9828		0.9813		0.9797		0.9779		0.9759		0.9738		0.9714		0.9689		0.9662		0.9632		0.9600		0.9565		0.9527		0.9486		0.9443
	33		0.9860		0.9847		0.9834		0.9819		0.9804		0.9786		0.9766		0.9746		0.9722		0.9698		0.9671		0.9642		0.9610		0.9576		0.9539		0.9499		0.9455
	34		0.9864		0.9852		0.9839		0.9825		0.9810		0.9793		0.9774		0.9753		0.9730		0.9707		0.9680		0.9652		0.9620		0.9587		0.9551		0.9511		0.9469
	35		0.9869		0.9857		0.9845		0.9831		0.9816		0.9799		0.9781		0.9761		0.9739		0.9716		0.9690		0.9662		0.9631		0.9599		0.9563		0.9524		0.9482
	36		0.9873		0.9863		0.9850		0.9837		0.9822		0.9806		0.9788		0.9769		0.9748		0.9725		0.9700		0.9672		0.9643		0.9610		0.9575		0.9537		0.9495
	37		0.9878		0.9867		0.9855		0.9842		0.9829		0.9813		0.9795		0.9777		0.9756		0.9734		0.9709		0.9683		0.9653		0.9622		0.9588		0.9550		0.9509
	38		0.9882		0.9872		0.9861		0.9848		0.9835		0.9820		0.9803		0.9785		0.9764		0.9743		0.9719		0.9693		0.9664		0.9634		0.9600		0.9563		0.9523
	39		0.9887		0.9876		0.9866		0.9853		0.9841		0.9826		0.9810		0.9793		0.9772		0.9752		0.9729		0.9703		0.9676		0.9645		0.9613		0.9576		0.9537
	40		0.9890		0.9881		0.9871		0.9859		0.9847		0.9833		0.9816		0.9800		0.9781		0.9761		0.9738		0.9714		0.9686		0.9658		0.9625		0.9590		0.9552
	41		0.9895		0.9886		0.9875		0.9864		0.9853		0.9839		0.9824		0.9808		0.9789		0.9770		0.9748		0.9724		0.9697		0.9669		0.9638		0.9604		0.9566
	42		0.9899		0.9890		0.9880		0.9870		0.9859		0.9845		0.9830		0.9815		0.9797		0.9779		0.9758		0.9734		0.9709		0.9681		0.9651		0.9617		0.9581
	43		0.9903		0.9895		0.9886		0.9875		0.9865		0.9852		0.9837		0.9822		0.9805		0.9788		0.9767		0.9744		0.9720		0.9693		0.9663		0.9631		0.9596
	44		0.9907		0.9899		0.9890		0.9880		0.9870		0.9858		0.9844		0.9830		0.9813		0.9796		0.9776		0.9754		0.9731		0.9705		0.9676		0.9645		0.9610
	45		0.9911		0.9903		0.9894		0.9885		0.9876		0.9863		0.9851		0.9837		0.9820		0.9804		0.9785		0.9764		0.9741		0.9716		0.9689		0.9658		0.9625
	46		0.9914		0.9907		0.9899		0.9890		0.9881		0.9869		0.9856		0.9844		0.9828		0.9812		0.9794		0.9774		0.9752		0.9728		0.9701		0.9672		0.9639
	47		0.9918		0.9911		0.9903		0.9895		0.9886		0.9875		0.9863		0.9851		0.9836		0.9820		0.9803		0.9784		0.9762		0.9739		0.9714		0.9685		0.9654
	48		0.9922		0.9915		0.9908		0.9899		0.9891		0.9881		0.9869		0.9858		0.9843		0.9829		0.9812		0.9793		0.9773		0.9751		0.9725		0.9698		0.9668
	49		0.9925		0.9919		0.9912		0.9904		0.9896		0.9886		0.9875		0.9864		0.9850		0.9837		0.9821		0.9802		0.9783		0.9761		0.9738		0.9712		0.9682
	50		0.9928		0.9922		0.9916		0.9908		0.9900		0.9891		0.9881		0.9870		0.9857		0.9844		0.9829		0.9812		0.9792		0.9772		0.9750		0.9724		0.9696
	51		0.9932		0.9926		0.9920		0.9912		0.9906		0.9897		0.9887		0.9877		0.9864		0.9851		0.9837		0.9821		0.9803		0.9783		0.9761		0.9737		0.9710
	52		0.9935		0.9930		0.9924		0.9917		0.9910		0.9902		0.9892		0.9883		0.9870		0.9859		0.9845		0.9829		0.9812		0.9793		0.9773		0.9749		0.9723
	53		0.9938		0.9933		0.9927		0.9921		0.9914		0.9907		0.9898		0.9889		0.9877		0.9865		0.9852		0.9838		0.9821		0.9803		0.9784		0.9761		0.9737
	54		0.9941		0.9936		0.9931		0.9925		0.9919		0.9911		0.9903		0.9894		0.9883		0.9873		0.9860		0.9846		0.9830		0.9813		0.9794		0.9773		0.9749
	55		0.9944		0.9939		0.9935		0.9929		0.9923		0.9916		0.9907		0.9900		0.9890		0.9880		0.9867		0.9854		0.9839		0.9823		0.9805		0.9784		0.9762

116

APPENDICES

Sub appendix A. 3

Table B

100% Joint and Survivor Without Pop-Up

CEI Participants

Age of Pensioner

		25		26		27		28		29		30		31		32		33		34		35		36		37		38		39		40		41
	56		0.9947		0.9943		0.9938		0.9932		0.9927		0.9920		0.9912		0.9905		0.9895		0.9886		0.9875		0.9861		0.9847		0.9833		0.9815		0.9796		0.9774
	57		0.9950		0.9946		0.9941		0.9936		0.9931		0.9925		0.9918		0.9910		0.9901		0.9892		0.9881		0.9869		0.9856		0.9842		0.9825		0.9807		0.9787
	58		0.9953		0.9949		0.9944		0.9940		0.9935		0.9929		0.9922		0.9915		0.9907		0.9898		0.9888		0.9876		0.9864		0.9851		0.9835		0.9817		0.9798
	59		0.9955		0.9952		0.9947		0.9943		0.9939		0.9933		0.9927		0.9920		0.9912		0.9904		0.9894		0.9884		0.9872		0.9859		0.9845		0.9828		0.9810
	60		0.9958		0.9954		0.9950		0.9946		0.9943		0.9937		0.9931		0.9925		0.9917		0.9909		0.9901		0.9891		0.9880		0.9867		0.9854		0.9838		0.9821
	61		0.9960		0.9957		0.9953		0.9949		0.9946		0.9941		0.9935		0.9929		0.9922		0.9915		0.9907		0.9897		0.9886		0.9875		0.9863		0.9848		0.9832
	62		0.9962		0.9959		0.9956		0.9952		0.9949		0.9945		0.9939		0.9934		0.9927		0.9921		0.9913		0.9903		0.9894		0.9883		0.9871		0.9857		0.9842
	63		0.9964		0.9962		0.9959		0.9955		0.9952		0.9948		0.9943		0.9938		0.9931		0.9926		0.9918		0.9909		0.9901		0.9891		0.9879		0.9867		0.9852
	64		0.9967		0.9964		0.9961		0.9958		0.9955		0.9951		0.9947		0.9942		0.9936		0.9930		0.9923		0.9916		0.9907		0.9898		0.9887		0.9875		0.9861
	65		0.9969		0.9967		0.9964		0.9961		0.9958		0.9954		0.9950		0.9946		0.9940		0.9935		0.9929		0.9922		0.9914		0.9905		0.9895		0.9883		0.9870
	66		0.9971		0.9969		0.9967		0.9963		0.9961		0.9958		0.9953		0.9950		0.9944		0.9939		0.9934		0.9927		0.9920		0.9912		0.9902		0.9892		0.9880
	67		0.9973		0.9971		0.9969		0.9966		0.9964		0.9960		0.9956		0.9953		0.9948		0.9944		0.9938		0.9932		0.9925		0.9918		0.9909		0.9899		0.9888
	68		0.9975		0.9973		0.9971		0.9968		0.9966		0.9963		0.9959		0.9956		0.9952		0.9948		0.9943		0.9937		0.9930		0.9924		0.9916		0.9906		0.9896
	69		0.9976		0.9975		0.9972		0.9970		0.9969		0.9966		0.9962		0.9960		0.9955		0.9952		0.9947		0.9941		0.9936		0.9929		0.9922		0.9913		0.9903
	70		0.9978		0.9976		0.9975		0.9972		0.9971		0.9969		0.9965		0.9963		0.9958		0.9955		0.9951		0.9946		0.9940		0.9935		0.9927		0.9920		0.9910
	71		0.9979		0.9978		0.9976		0.9975		0.9973		0.9971		0.9968		0.9965		0.9962		0.9959		0.9955		0.9950		0.9945		0.9940		0.9934		0.9926		0.9917
	72		0.9981		0.9980		0.9978		0.9977		0.9975		0.9973		0.9971		0.9968		0.9965		0.9962		0.9958		0.9954		0.9949		0.9945		0.9939		0.9932		0.9924
	73		0.9982		0.9981		0.9980		0.9978		0.9978		0.9975		0.9973		0.9971		0.9967		0.9965		0.9962		0.9958		0.9954		0.9949		0.9944		0.9937		0.9931
	74		0.9984		0.9983		0.9981		0.9980		0.9979		0.9977		0.9975		0.9974		0.9970		0.9968		0.9965		0.9961		0.9958		0.9953		0.9948		0.9942		0.9936
	75		0.9985		0.9984		0.9983		0.9981		0.9981		0.9979		0.9977		0.9976		0.9973		0.9971		0.9968		0.9965		0.9961		0.9958		0.9953		0.9947		0.9941
	76		0.9986		0.9985		0.9984		0.9983		0.9983		0.9981		0.9979		0.9977		0.9975		0.9973		0.9971		0.9968		0.9965		0.9961		0.9957		0.9952		0.9946
	77		0.9987		0.9987		0.9986		0.9984		0.9984		0.9983		0.9980		0.9980		0.9977		0.9976		0.9973		0.9970		0.9968		0.9965		0.9960		0.9956		0.9951
	78		0.9988		0.9987		0.9987		0.9986		0.9985		0.9984		0.9983		0.9981		0.9979		0.9978		0.9976		0.9973		0.9971		0.9968		0.9964		0.9960		0.9955
	79		0.9990		0.9989		0.9988		0.9987		0.9987		0.9986		0.9984		0.9983		0.9981		0.9980		0.9978		0.9975		0.9973		0.9971		0.9967		0.9963		0.9959
	80		0.9990		0.9990		0.9989		0.9988		0.9988		0.9987		0.9985		0.9985		0.9983		0.9982		0.9980		0.9978		0.9975		0.9974		0.9971		0.9967		0.9963
	81		0.9991		0.9990		0.9990		0.9989		0.9989		0.9988		0.9986		0.9986		0.9984		0.9983		0.9982		0.9980		0.9978		0.9976		0.9974		0.9970		0.9966
	82		0.9992		0.9991		0.9991		0.9990		0.9990		0.9989		0.9988		0.9987		0.9986		0.9985		0.9983		0.9982		0.9980		0.9978		0.9976		0.9973		0.9969
	83		0.9993		0.9992		0.9992		0.9991		0.9991		0.9990		0.9989		0.9989		0.9987		0.9986		0.9985		0.9983		0.9982		0.9980		0.9978		0.9976		0.9973
	84		0.9993		0.9993		0.9993		0.9992		0.9992		0.9991		0.9990		0.9989		0.9988		0.9988		0.9986		0.9985		0.9984		0.9982		0.9981		0.9978		0.9975
	85		0.9994		0.9993		0.9993		0.9993		0.9993		0.9992		0.9991		0.9991		0.9989		0.9989		0.9988		0.9986		0.9985		0.9984		0.9982		0.9980		0.9978

117

APPENDICES

Sub appendix A. 3

Table B

100% Joint and Survivor Without Pop-Up

CEI Participants

Age of Pensioner

		42		43		44		45		46		47		48		49		50		51		52		53		54		55		56		57		58
	25		0.9314		0.9261		0.9205		0.9145		0.9083		0.9017		0.8947		0.8874		0.8797		0.8717		0.8632		0.8543		0.8449		0.8351		0.8247		0.8138		0.8024
	26		0.9324		0.9271		0.9216		0.9156		0.9094		0.9029		0.8959		0.8886		0.8810		0.8729		0.8645		0.8557		0.8462		0.8364		0.8260		0.8151		0.8037
	27		0.9335		0.9283		0.9227		0.9168		0.9106		0.9041		0.8972		0.8899		0.8823		0.8743		0.8659		0.8570		0.8476		0.8378		0.8274		0.8165		0.8051
	28		0.9347		0.9295		0.9240		0.9181		0.9119		0.9054		0.8985		0.8912		0.8836		0.8756		0.8673		0.8584		0.8490		0.8392		0.8288		0.8180		0.8065
	29		0.9359		0.9307		0.9252		0.9194		0.9133		0.9068		0.8999		0.8927		0.8851		0.8771		0.8688		0.8599		0.8506		0.8408		0.8304		0.8195		0.8081
	30		0.9370		0.9320		0.9265		0.9207		0.9146		0.9082		0.9014		0.8942		0.8866		0.8786		0.8703		0.8615		0.8521		0.8424		0.8320		0.8212		0.8097
	31		0.9383		0.9333		0.9279		0.9221		0.9160		0.9097		0.9028		0.8957		0.8882		0.8803		0.8719		0.8632		0.8539		0.8441		0.8337		0.8230		0.8115
	32		0.9396		0.9346		0.9293		0.9236		0.9175		0.9112		0.9044		0.8974		0.8898		0.8820		0.8737		0.8649		0.8556		0.8459		0.8356		0.8247		0.9133
	33		0.9409		0.9360		0.9307		0.9250		0.9191		0.9128		0.9061		0.8990		0.8916		0.8837		0.8755		0.8668		0.8574		0.8478		0.8374		0.8267		0.8153
	34		0.9423		0.9374		0.9322		0.9266		0.9207		0.9144		0.9078		0.9008		0.8934		0.8856		0.8774		0.8686		0.8594		0.8498		0.8395		0.8287		0.8173
	35		0.9438		0.9389		0.9337		0.9282		0.9224		0.9161		0.9095		0.9026		0.8953		0.8875		0.8793		0.8707		0.8615		0.8518		0.8416		0.8309		.08195
	36		0.9452		0.9404		0.9353		0.9298		0.9241		0.9179		0.9114		0.9045		0.8972		0.8895		0.8813		0.8728		0.8636		0.8540		0.8438		0.8331		0.8217
	37		0.9466		0.9419		0.9369		0.9315		0.9258		0.9197		0.9132		0.9064		0.8992		0.8916		0.8835		0.8750		0.8658		0.8563		0.8461		0.8354		0.8241
	38		0.9481		0.9435		0.9385		0.9332		0.9276		0.9216		0.9152		0.9084		0.9013		0.8937		0.8857		0.8772		0.8681		0.8586		0.8485		0.8379		0.8266
	39		0.9496		0.9451		0.9402		0.9350		0.9294		0.9235		0.9172		0.9106		0.9035		0.8959		0.8880		0.8796		0.8706		0.8611		0.8511		0.8404		0.8292
	39		0.9496		0.9451		0.9402		0.9350		0.9294		0.9235		0.9172		0.9106		0.9035		0.8959		0.8880		0.8796		0.8706		0.8611		0.8511		0.8404		0.8292
	40		0.9511		0.9467		0.9419		0.9367		0.9313		0.9255		0.9193		0.9127		0.9057		0.8982		0.8904		0.8820		0.8731		0.8637		0.8537		0.8431		0.8319
	41		0.9527		0.9483		0.9437		0.9386		0.9333		0.9275		0.9214		0.9148		0.9079		0.9006		0.8929		0.8846		0.8757		0.8664		0.8564		0.8460		0.8348
	42		0.9542		0.9500		0.9454		0.9404		0.9352		0.9296		0.9235		0.9171		0.9103		0.9030		0.8954		0.8872		0.8784		0.8692		0.8593		0.8489		0.8378
	43		0.9558		0.9516		0.9472		0.9423		0.9372		0.9316		0.9257		0.9195		0.9127		0.9055		0.8980		0.8899		0.8812		0.8721		0.8622		0.8520		0.8409
	44		0.9574		0.9533		0.9490		0.9442		0.9392		0.9338		0.9280		0.9218		0.9152		0.9081		0.9007		0.8927		0.8841		0.8751		0.8653		0.8551		0.8442
	45		0.9589		0.9550		0.9508		0.9461		0.9412		0.9359		0.9302		0.9241		0.9177		0.9108		0.9034		0.8956		0.8871		0.8781		0.8685		0.8583		0.8475
	46		0.9605		0.9566		0.9526		0.9480		0.9433		0.9381		0.9325		0.9266		0.9202		0.9135		0.9062		0.8985		0.8901		0.8813		0.8718		0.8617		0.8509
	47		0.9621		0.9583		0.9543		0.9499		0.9453		0.9402		0.9348		0.9290		0.9228		0.9162		0.9090		0.9014		0.8932		0.8845		0.8751		0.8652		0.8546
	48		0.9636		0.9600		0.9561		0.9518		0.9473		0.9424		0.9372		0.9315		0.9254		0.9189		0.9120		0.9045		0.8964		0.8878		0.8786		0.8688		0.8582
	49		0.9651		0.9617		0.9579		0.9537		0.9494		0.9446		0.9395		0.9340		0.9280		0.9217		0.9149		0.9076		0.8996		0.8912		0.8821		0.8724		0.8620
	50		0.9666		0.9633		0.9597		0.9556		0.9514		0.9468		0.9418		0.9364		0.9307		0.9245		0.9178		0.9107		0.9029		0.8947		0.8857		0.8762		0.8660
	51		0.9681		0.9649		0.9614		0.9576		0.9535		0.9490		0.9441		0.9389		0.9333		0.9273		0.9209		0.9138		0.9063		0.8982		0.8893		0.8800		0.8699
	52		0.9696		0.9665		0.9631		0.9594		0.9555		0.9511		0.9465		0.9414		0.9360		0.9302		0.9238		0.9170		0.9097		0.9017		0.8931		0.8839		0.8740
	53		0.9710		0.9680		0.9648		0.9613		0.9575		0.9533		0.9487		0.9439		0.9386		0.9330		0.9269		0.9202		0.9130		0.9053		0.8969		0.8879		0.8782
	54		0.9724		0.9696		0.9665		0.9631		0.9594		0.9554		0.9511		0.9464		0.9413		0.9358		0.9300		0.9235		0.9164		0.9090		0.9008		0.8920		0.8824
	55		0.9738		0.9711		0.9681		0.9648		0.9614		0.9575		0.9533		0.9489		0.9440		0.9387		0.9329		0.9267		0.9199		0.9126		0.9046		0.8960		0.8867

118

APPENDICES

Sub appendix A. 3

Table B

100% Joint and Survivor Without Pop-Up

CEI Participants

Age of Pensioner

		42		43		44		45		46		47		48		49		50		51		52		53		54		55		56		57		58
	56		0.9752		0.9725		0.9697		0.9666		0.9632		0.9596		0.9556		0.9513		0.9465		0.9414		0.9360		0.9300		0.9234		0.9163		0.9086		0.9001		0.8911
	57		0.9765		0.9740		0.9713		0.9683		0.9651		0.9616		0.9578		0.9537		0.9492		0.9442		0.9390		0.9332		0.9268		0.9200		0.9124		0.9044		0.8955
	58		0.9777		0.9754		0.9729		0.9700		0.9670		0.9637		0.9599		0.9560		0.9517		0.9470		0.9419		0.9364		0.9302		0.9237		0.9164		0.9086		0.9000
	59		0.9790		0.9768		0.9743		0.9717		0.9688		0.9656		0.9621		0.9583		0.9543		0.9498		0.9449		0.9396		0.9337		0.9273		0.9203		0.9128		0.9044
	60		0.9802		0.9781		0.9759		0.9733		0.9705		0.9675		0.9642		0.9606		0.9567		0.9525		0.9478		0.9427		0.9371		0.9310		0.9242		0.9170		0.9089
	61		0.9814		0.9794		0.9772		0.9748		0.9722		0.9694		0.9662		0.9628		0.9591		0.9551		0.9507		0.9458		0.9404		0.9346		0.9281		0.9211		0.9134
	62		0.9825		0.9807		0.9786		0.9763		0.9739		0.9712		0.9682		0.9650		0.9615		0.9576		0.9535		0.9489		0.9437		0.9382		0.9320		0.9252		0.9178
	63		0.9837		0.9819		0.9799		0.9778		0.9755		0.9729		0.9702		0.9671		0.9638		0.9601		0.9562		0.9518		0.9470		0.9417		0.9358		0.9294		0.9222
	64		0.9847		0.9830		0.9812		0.9792		0.9771		0.9746		0.9720		0.9691		0.9660		0.9626		0.9589		0.9547		0.9501		0.9451		0.9395		0.9334		0.9265
	65		0.9857		0.9842		0.9825		0.9806		0.9786		0.9763		0.9738		0.9711		0.9681		0.9649		0.9615		0.9576		0.9532		0.9484		0.9431		0.9373		0.9308
	66		0.9867		0.9853		0.9836		0.9818		0.9800		0.9778		0.9755		0.9730		0.9703		0.9672		0.9639		0.9603		0.9562		0.9517		0.9467		0.9411		0.9350
	67		0.9876		0.9863		0.9848		0.9830		0.9814		0.9793		0.9772		0.9749		0.9723		0.9694		0.9663		0.9629		0.9590		0.9548		0.9501		0.9448		0.9390
	68		0.9885		0.9872		0.9859		0.9843		0.9826		0.9808		0.9788		0.9766		0.9742		0.9715		0.9687		0.9654		0.9618		0.9578		0.9534		0.9485		0.9430
	69		0.9894		0.9881		0.9869		0.9854		0.9839		0.9822		0.9803		0.9783		0.9760		0.9735		0.9708		0.9678		0.9645		0.9608		0.9566		0.9520		0.9468
	70		0.9901		0.9891		0.9878		0.9865		0.9850		0.9835		0.9817		0.9798		0.9778		0.9755		0.9729		0.9702		0.9670		0.9636		0.9596		0.9554		0.9505
	71		0.9909		0.9899		0.9888		0.9875		0.9862		0.9847		0.9831		0.9813		0.9794		0.9773		0.9750		0.9724		0.9695		0.9663		0.9626		0.9586		0.9541
	72		0.9916		0.9907		0.9896		0.9884		0.9873		0.9859		0.9843		0.9828		0.9810		0.9790		0.9769		0.9745		0.9718		0.9689		0.9654		0.9617		0.9574
	73		0.9923		0.9914		0.9905		0.9894		0.9883		0.9870		0.9856		0.9841		0.9824		0.9806		0.9787		0.9765		0.9739		0.9713		0.9680		0.9647		0.9607
	74		0.9929		0.9921		0.9913		0.9902		0.9892		0.9880		0.9867		0.9853		0.9838		0.9822		0.9804		0.9783		0.9760		0.9735		0.9706		0.9675		0.9637
	75		0.9936		0.9928		0.9920		0.9911		0.9901		0.9890		0.9879		0.9865		0.9852		0.9837		0.9820		0.9802		0.9780		0.9757		0.9730		0.9700		0.9666
	76		0.9941		0.9934		0.9927		0.9918		0.9909		0.9900		0.9888		0.9877		0.9864		0.9850		0.9835		0.9818		0.9798		0.9777		0.9752		0.9725		0.9694
	77		0.9946		0.9940		0.9933		0.9925		0.9917		0.9908		0.9898		0.9887		0.9876		0.9863		0.9849		0.9833		0.9815		0.9796		0.9773		0.9748		0.9720
	78		0.9951		0.9945		0.9939		0.9931		0.9924		0.9916		0.9907		0.9897		0.9886		0.9874		0.9862		0.9848		0.9831		0.9814		0.9793		0.9770		0.9744
	79		0.9955		0.9950		0.9944		0.9938		0.9931		0.9924		0.9915		0.9906		0.9896		0.9885		0.9874		0.9861		0.9846		0.9830		0.9811		0.9791		0.9767
	80		0.9959		0.9955		0.9949		0.9943		0.9937		0.9930		0.9922		0.9914		0.9905		0.9896		0.9885		0.9874		0.9859		0.9846		0.9828		0.9809		0.9787
	81		0.9963		0.9959		0.9954		0.9948		0.9943		0.9937		0.9930		0.9922		0.9913		0.9905		0.9896		0.9885		0.9872		0.9859		0.9844		0.9827		0.9806
	82		0.9967		0.9963		0.9959		0.9953		0.9948		0.9942		0.9936		0.9929		0.9922		0.9913		0.9905		0.9896		0.9884		0.9872		0.9858		0.9842		0.9824
	83		0.9970		0.9966		0.9963		0.9957		0.9953		0.9948		0.9942		0.9936		0.9929		0.9922		0.9914		0.9906		0.9894		0.9884		0.9871		0.9857		0.9841
	84		0.9973		0.9970		0.9966		0.9961		0.9958		0.9953		0.9947		0.9942		0.9936		0.9929		0.9922		0.9914		0.9905		0.9895		0.9883		0.9871		0.9855
	85		0.9976		0.9972		0.9970		0.9965		0.9962		0.9958		0.9952		0.9947		0.9942		0.9936		0.9929		0.9923		0.9914		0.9905		0.9894		0.9883		0.9870

119

APPENDICES

Sub appendix A. 3

Table B

100% Joint and Survivor Without Pop-Up

CEI Participants

Age of Pensioner

		59		60		61		62		63		64		65		66		67		68		69		70		71		72		73		74		75
	25		0.7903		0.7777		0.7644		0.7507		0.7363		0.7214		0.7061		0.6902		0.6740		0.6573		0.6402		0.6229		0.6052		0.5873		0.5691		0.5507		0.5323
	26		0.7916		0.7789		0.7657		0.7520		0.7376		0.7227		0.7074		0.6915		0.6752		0.6584		0.6414		0.6240		0.6064		0.5884		0.5702		0.5518		0.5333
	27		0.7930		0.7803		0.7671		0.7534		0.7390		0.7241		0.7087		0.6928		0.6765		0.6598		0.6427		0.6253		0.6076		0.5896		0.5714		0.5529		0.5344
	28		0.7944		0.7818		0.7686		0.7548		0.7404		0.7255		0.7102		0.6942		0.6779		0.6611		0.6440		0.6266		0.6089		0.5909		0.5726		0.5541		0.5356
	29		0.7960		0.7834		0.7701		0.7564		0.7420		0.7270		0.7116		0.6957		0.6794		0.6626		0.6454		0.6280		0.6103		0.5922		0.5739		0.5554		0.5368
	30		0.7976		0.7851		0.7718		0.7580		0.7437		0.7287		0.7132		0.6973		0.6809		0.6641		0.6470		0.6295		0.6117		0.5936		0.5753		0.5567		0.5381
	31		0.7994		0.7868		0.7736		0.7598		0.7454		0.7304		0.7150		0.6990		0.6826		0.6658		0.6486		0.6311		0.6133		0.5952		0.5768		0.5582		0.5396
	32		0.8013		0.7887		0.7754		0.7616		0.7472		0.7322		0.7168		0.7008		0.6844		0.6675		0.6504		0.6328		0.6150		0.5968		0.5784		0.5598		0.5411
	33		0.8032		0.7906		0.7774		0.7636		0.7492		0.7342		0.7187		0.7027		0.6863		0.6694		0.6522		0.6346		0.6168		0.5986		0.5801		0.5614		0.5427
	34		0.8053		0.7926		0.7795		0.7657		0.7512		0.7362		0.7208		0.7047		0.6883		0.6714		0.6542		0.6365		0.6186		0.6004		0.5819		0.5632		0.5444
	35		0.8074		0.7949		0.7816		0.7679		0.7534		0.7384		0.7229		0.7069		0.6904		0.6735		0.6562		0.6386		0.6207		0.6024		0.5839		0.5651		0.5463
	36		0.8097		0.7972		0.7840		0.7701		0.7557		0.7407		0.7253		0.7092		0.6927		0.6757		0.6584		0.6408		0.6228		0.6045		0.5859		0.5670		0.5482
	37		0.8121		0.7996		0.7863		0.7726		0.7582		0.7431		0.7277		0.7116		0.6951		0.6781		0.6608		0.6431		0.6250		0.6067		0.5881		0.5692		0.5503
	38		0.8146		0.8021		0.7889		0.7752		0.7607		0.7458		0.7303		0.7142		0.6977		0.6806		0.6633		0.6455		0.6275		0.6091		0.5904		0.5715		0.5525
	39		0.8173		0.8048		0.7917		0.7779		0.7635		0.7485		0.7330		0.7169		0.7003		0.6833		0.6659		0.6481		0.6301		0.6116		0.5929		0.5739		0.5549
	40		0.8201		0.8076		0.7945		0.7808		0.7664		0.7514		0.7358		0.7198		0.7032		0.6861		0.6687		0.6509		0.6328		0.6143		0.5955		0.5765		0.5574
	41		0.8230		0.8106		0.7975		0.7838		0.7694		0.7544		0.7389		0.7228		0.7062		0.6891		0.6717		0.6538		0.6357		0.6172		0.5983		0.5792		0.5601
	42		0.8260		0.8137		0.8006		0.7869		0.7726		0.7576		0.7421		0.7259		0.7094		0.6923		0.6748		0.6570		0.6388		0.6202		0.6013		0.5821		0.5629
	43		0.8292		0.8169		0.8039		0.7902		0.7759		0.7609		0.7455		0.7294		0.7128		0.6956		0.6781		0.6603		0.6420		0.6234		0.6044		0.5852		0.5660
	44		0.8325		0.8203		0.8073		0.7937		0.7794		0.7645		0.7490		0.7329		0.7163		0.6992		0.6816		0.6637		0.6454		0.6267		0.6078		0.5885		0.5692
	45		0.8359		0.8237		0.8108		0.7973		0.7830		0.7681		0.7527		0.7366		0.7200		0.7029		0.6853		0.6674		0.6491		0.6303		0.6113		0.5919		0.5726
	46		0.8395		0.8274		0.8145		0.8011		0.7869		0.7720		0.7566		0.7405		0.7239		0.7068		0.6892		0.6713		0.6529		0.6341		0.6151		0.5956		0.5762
	47		0.8432		0.8312		0.8184		0.8050		0.7908		0.7760		0.7606		0.7446		0.7280		0.7109		0.6933		0.6754		0.6569		0.6381		0.6190		0.5995		0.5799
	48		0.8469		0.8351		0.8224		0.8091		0.7950		0.7803		0.7649		0.7489		0.7324		0.7152		0.6976		0.6796		0.6612		0.6423		0.6232		0.6036		0.5840
	49		0.8509		0.8391		0.8265		0.8133		0.7993		0.7846		0.7693		0.7534		0.7369		0.7197		0.7022		0.6841		0.6657		0.6468		0.6275		0.6079		0.5882
	50		0.8549		0.8433		0.8308		0.8177		0.8038		0.7892		0.7739		0.7580		0.7416		0.7244		0.7069		0.6889		0.6704		0.6515		0.6321		0.6125		0.5927
	51		0.8591		0.8475		0.8352		0.8222		0.8084		0.7939		0.7787		0.7629		0.7465		0.7294		0.7118		0.6938		0.6754		0.6564		0.6370		0.6173		0.5975
	52		0.8633		0.8519		0.8398		0.8269		0.8132		0.7988		0.7838		0.7680		0.7516		0.7346		0.7171		0.6990		0.6805		0.6616		0.6422		0.6224		0.6025
	53		0.8677		0.8565		0.8444		0.8317		0.8182		0.8039		0.7890		0.7733		0.7570		0.7400		0.7225		0.7045		0.6860		0.6670		0.6476		0.6278		0.6078
	54		0.8721		0.8611		0.8492		0.8367		0.8233		0.8092		0.7944		0.7788		0.7626		0.7457		0.7282		0.7103		0.6918		0.6728		0.6533		0.6334		0.6134
	55		0.8766		0.8658		0.8542		0.8418		0.8286		0.8146		0.7999		0.7845		0.7684		0.7515		0.7342		0.7163		0.6978		0.6789		0.6594		0.6395		0.6194

120

APPENDICES

Sub appendix A. 3

Table B

100% Joint and Survivor Without Pop-Up

CEI Participants

Age of Pensioner

		59		60		61		62		63		64		65		66		67		68		69		70		71		72		73		74		75
	56		0.8812		0.8706		0.8592		0.8470		0.8340		0.8202		0.8057		0.7904		0.7744		0.7577		0.7404		0.7226		0.7042		0.6852		0.6657		0.6457		0.6256
	57		0.8859		0.8755		0.8643		0.8524		0.8396		0.8260		0.8117		0.7965		0.7807		0.7641		0.7469		0.7292		0.7108		0.6919		0.6724		0.6524		0.6322
	58		0.8905		0.8804		0.8696		0.8578		0.8453		0.8319		0.8178		0.8028		0.7872		0.7708		0.7537		0.7360		0.7177		0.6988		0.6794		0.6594		0.6392
	59		0.8953		0.8855		0.8748		0.8634		0.8510		0.8380		0.8241		0.8093		0.7938		0.7776		0.7607		0.7432		0.7250		0.7061		0.6867		0.6668		0.6466
	60		0.9001		0.8905		0.8802		0.8690		0.8570		0.8441		0.8305		0.8160		0.8008		0.7847		0.7680		0.7505		0.7325		0.7138		0.6944		0.6745		0.6543
	61		0.9048		0.8956		0.8855		0.8747		0.8629		0.8504		0.8371		0.8228		0.8078		0.7919		0.7754		0.7582		0.7403		0.7216		0.7024		0.6825		0.6624
	62		0.9096		0.9007		0.8909		0.8804		0.8690		0.8567		0.8437		0.8297		0.8150		0.7994		0.7831		0.7661		0.7484		0.7299		0.7107		0.6910		0.6708
	63		0.9143		0.9057		0.8963		0.8861		0.8750		0.8632		0.8504		0.8367		0.8224		0.8071		0.7910		0.7742		0.7567		0.7383		0.7194		0.6997		0.6796
	64		0.9190		0.9108		0.9017		0.8918		0.8812		0.8696		0.8572		0.8439		0.8298		0.8148		0.7991		0.7825		0.7652		0.7471		0.7283		0.7087		0.6888
	65		0.9236		0.9157		0.9070		0.8975		0.8872		0.8760		0.8640		0.8511		0.8374		0.8227		0.8073		0.7911		0.7740		0.7561		0.7375		0.7181		0.6983
	66		0.9281		0.9206		0.9122		0.9032		0.8932		0.8824		0.8708		0.8583		0.8449		0.8307		0.8155		0.7997		0.7829		0.7653		0.7470		0.7277		0.7081
	67		0.9325		0.9254		0.9174		0.9087		0.8992		0.8888		0.8776		0.8655		0.8525		0.8386		0.8239		0.8084		0.7920		0.7747		0.7566		0.7376		0.7182
	68		0.9368		0.9300		0.9224		0.9142		0.9051		0.8951		0.8843		0.8727		0.8601		0.8466		0.8324		0.8172		0.8012		0.7842		0.7664		0.7478		0.7285
	69		0.9409		0.9346		0.9274		0.9195		0.9108		0.9013		0.8910		0.8797		0.8677		0.8546		0.8408		0.8260		0.8104		0.7938		0.7764		0.7580		0.7390
	70		0.9450		0.9389		0.9322		0.9247		0.9164		0.9073		0.8976		0.8867		0.8751		0.8625		0.8491		0.8349		0.8197		0.8036		0.7865		0.7684		0.7498
	71		0.9489		0.9432		0.9368		0.9298		0.9220		0.9133		0.9039		0.8936		0.8825		0.8704		0.8575		0.8437		0.8290		0.8132		0.7966		0.7790		0.7607
	72		0.9526		0.9473		0.9413		0.9347		0.9272		0.9191		0.9102		0.9004		0.8897		0.8782		0.8658		0.8525		0.8382		0.8231		0.8069		0.7896		0.7717
	73		0.9562		0.9512		0.9456		0.9394		0.9324		0.9247		0.9162		0.9069		0.8969		0.8858		0.8739		0.8612		0.8474		0.8328		0.8170		0.8003		0.7829
	74		0.9595		0.9549		0.9497		0.9439		0.9374		0.9301		0.9222		0.9133		0.9037		0.8932		0.8819		0.8697		0.8565		0.8423		0.8271		0.8110		0.7940
	75		0.9628		0.9585		0.9536		0.9482		0.9421		0.9352		0.9278		0.9195		0.9104		0.9004		0.8897		0.8780		0.8654		0.8519		0.8373		0.8216		0.8051
	76		0.9658		0.9618		0.9573		0.9523		0.9466		0.9402		0.9332		0.9254		0.9169		0.9074		0.8973		0.8862		0.8742		0.8611		0.8471		0.8320		0.8161
	77		0.9687		0.9650		0.9608		0.9561		0.9508		0.9450		0.9384		0.9311		0.9230		0.9142		0.9045		0.8940		0.8826		0.8702		0.8568		0.8423		0.8269
	78		0.9713		0.9680		0.9641		0.9598		0.9548		0.9494		0.9433		0.9364		0.9290		0.9206		0.9115		0.9016		0.8908		0.8790		0.8662		0.8523		0.8376
	79		0.9738		0.9708		0.9672		0.9632		0.9586		0.9536		0.9479		0.9415		0.9345		0.9267		0.9182		0.9088		0.8986		0.8875		0.8753		0.8620		0.8480
	80		0.9761		0.9733		0.9700		0.9664		0.9622		0.9575		0.9522		0.9463		0.9398		0.9325		0.9246		0.9158		0.9062		0.8956		0.8841		0.8715		0.8580
	81		0.9783		0.9757		0.9728		0.9694		0.9655		0.9612		0.9563		0.9509		0.9448		0.9380		0.9306		0.9223		0.9133		0.9034		0.8925		0.8806		0.8678
	82		0.9803		0.9779		0.9752		0.9722		0.9686		0.9646		0.9602		0.9551		0.9494		0.9432		0.9362		0.9286		0.9201		0.9108		0.9006		0.8893		0.8771
	83		0.9821		0.9800		0.9775		0.9747		0.9715		0.9678		0.9637		0.9590		0.9538		0.9480		0.9416		0.9345		0.9266		0.9179		0.9083		0.8976		0.8863
	84		0.9839		0.9819		0.9796		0.9770		0.9741		0.9708		0.9670		0.9627		0.9579		0.9526		0.9466		0.9401		0.9327		0.9246		0.9157		0.9056		0.8949
	85		0.9854		0.9836		0.9815		0.9792		0.9766		0.9735		0.9701		0.9662		0.9618		0.9568		0.9514		0.9453		0.9385		0.9309		0.9226		0.9133		0.9032

121

APPENDICES

TABLE C

Sub appendix A. 3

Table C

100% Joint and Survivor With Pop-Up

CEI Participants

Age of Pensioner

		25		26		27		28		29		30		31		32		33		34		35		36		37		38		39		40		41
	25		0.9818		0.9803		0.9787		0.9768		0.9750		0.9728		0.9705		0.9681		0.9654		0.9626		0.9595		0.9562		0.9526		0.9488		0.9447		0.9403		0.9356
	26		0.9823		0.9808		0.9792		0.9774		0.9756		0.9735		0.9711		0.9688		0.9661		0.9633		0.9603		0.9570		0.9535		0.9497		0.9456		0.9413		0.9366
	27		0.9828		0.9813		0.9797		0.9780		0.9761		0.9741		0.9718		0.9695		0.9668		0.9641		0.9611		0.9578		0.9543		0.9506		0.9466		0.9423		0.9376
	28		0.9832		0.9818		0.9802		0.9785		0.9767		0.9747		0.9725		0.9702		0.9676		0.9649		0.9619		0.9586		0.9552		0.9515		0.9475		0.9432		0.9386
	29		0.9837		0.9823		0.9807		0.9790		0.9773		0.9753		0.9732		0.9709		0.9683		0.9657		0.9628		0.9596		0.9562		0.9525		0.9486		0.9443		0.9397
	30		0.9841		0.9828		0.9812		0.9796		0.9779		0.9760		0.9738		0.9716		0.9691		0.9665		0.9636		0.9605		0.9571		0.9535		0.9496		0.9454		0.9408
	31		0.9846		0.9832		0.9818		0.9802		0.9786		0.9766		0.9746		0.9723		0.9699		0.9673		0.9645		0.9613		0.9581		0.9545		0.9506		0.9464		0.9420
	32		0.9851		0.9837		0.9823		0.9808		0.9791		0.9773		0.9752		0.9731		0.9707		0.9681		0.9653		0.9623		0.9591		0.9555		0.9517		0.9476		0.9431
	33		0.9855		0.9842		0.9828		0.9813		0.9797		0.9779		0.9759		0.9738		0.9715		0.9690		0.9662		0.9633		0.9600		0.9565		0.9528		0.9488		0.9443
	34		0.9859		0.9847		0.9833		0.9818		0.9804		0.9786		0.9766		0.9746		0.9722		0.9698		0.9671		0.9642		0.9610		0.9576		0.9539		0.9499		0.9456
	35		0.9864		0.9852		0.9838		0.9824		0.9809		0.9792		0.9773		0.9753		0.9730		0.9706		0.9680		0.9651		0.9620		0.9587		0.9551		0.9511		0.9469
	36		0.9868		0.9856		0.9843		0.9829		0.9815		0.9799		0.9779		0.9761		0.9738		0.9715		0.9689		0.9661		0.9630		0.9598		0.9562		0.9523		0.9481
	37		0.9872		0.9861		0.9848		0.9835		0.9821		0.9805		0.9787		0.9768		0.9746		0.9724		0.9698		0.9670		0.9641		0.9609		0.9573		0.9536		0.9494
	38		0.9876		0.9865		0.9854		0.9840		0.9827		0.9811		0.9793		0.9775		0.9753		0.9732		0.9707		0.9681		0.9651		0.9619		0.9585		0.9548		0.9507
	39		0.9880		0.9870		0.9858		0.9845		0.9833		0.9817		0.9800		0.9782		0.9761		0.9740		0.9716		0.9690		0.9661		0.9631		0.9597		0.9560		0.9520
	40		0.9884		0.9874		0.9863		0.9850		0.9838		0.9823		0.9806		0.9789		0.9769		0.9748		0.9725		0.9699		0.9672		0.9642		0.9608		0.9573		0.9533
	41		0.9887		0.9879		0.9867		0.9855		0.9843		0.9829		0.9813		0.9796		0.9777		0.9757		0.9734		0.9709		0.9682		0.9653		0.9621		0.9585		0.9547
	42		0.9892		0.9882		0.9872		0.9860		0.9849		0.9835		0.9819		0.9803		0.9785		0.9765		0.9743		0.9719		0.9692		0.9663		0.9632		0.9598		0.9560
	43		0.9895		0.9887		0.9877		0.9866		0.9854		0.9841		0.9826		0.9810		0.9792		0.9773		0.9752		0.9728		0.9702		0.9674		0.9644		0.9610		0.9573
	44		0.9899		0.9890		0.9881		0.9870		0.9859		0.9847		0.9832		0.9817		0.9799		0.9781		0.9760		0.9737		0.9713		0.9685		0.9655		0.9623		0.9587
	45		0.9903		0.9895		0.9885		0.9875		0.9865		0.9852		0.9837		0.9823		0.9806		0.9789		0.9768		0.9746		0.9722		0.9696		0.9667		0.9635		0.9600
	46		0.9906		0.9898		0.9889		0.9879		0.9869		0.9858		0.9844		0.9830		0.9813		0.9796		0.9777		0.9755		0.9732		0.9707		0.9679		0.9648		0.9614
	47		0.9909		0.9902		0.9893		0.9884		0.9874		0.9863		0.9849		0.9836		0.9820		0.9804		0.9785		0.9764		0.9742		0.9717		0.9690		0.9659		0.9627
	48		0.9912		0.9906		0.9897		0.9888		0.9878		0.9868		0.9855		0.9842		0.9827		0.9811		0.9793		0.9773		0.9751		0.9727		0.9701		0.9672		0.9640
	49		0.9916		0.9908		0.9901		0.9892		0.9884		0.9873		0.9861		0.9848		0.9834		0.9818		0.9801		0.9782		0.9761		0.9738		0.9712		0.9684		0.9653
	50		0.9919		0.9912		0.9905		0.9896		0.9888		0.9877		0.9866		0.9854		0.9840		0.9826		0.9809		0.9790		0.9770		0.9747		0.9722		0.9695		0.9665
	51		0.9922		0.9916		0.9908		0.9900		0.9892		0.9883		0.9871		0.9860		0.9846		0.9832		0.9816		0.9798		0.9778		0.9758		0.9734		0.9707		0.9677
	52		0.9925		0.9919		0.9912		0.9904		0.9896		0.9887		0.9876		0.9866		0.9852		0.9839		0.9824		0.9806		0.9787		0.9766		0.9744		0.9718		0.9690
	53		0.9928		0.9922		0.9916		0.9908		0.9900		0.9891		0.9881		0.9871		0.9858		0.9846		0.9830		0.9814		0.9795		0.9776		0.9754		0.9729		0.9702
	54		0.9931		0.9925		0.9919		0.9912		0.9904		0.9896		0.9886		0.9876		0.9864		0.9851		0.9838		0.9821		0.9804		0.9785		0.9764		0.9740		0.9714
	55		0.9933		0.9927		0.9921		0.9915		0.9909		0.9900		0.9890		0.9881		0.9870		0.9858		0.9844		0.9829		0.9812		0.9794		0.9773		0.9751		0.9726

122

APPENDICES

Sub appendix A. 3

Table C

100% Joint and Survivor With Pop-Up

CEI Participants

Age of Pensioner

		25		26		27		28		29		30		31		32		33		34		35		36		37		38		39		40		41
	56		0.9936		0.9930		0.9925		0.9918		0.9912		0.9905		0.9895		0.9886		0.9875		0.9864		0.9851		0.9836		0.9820		0.9803		0.9783		0.9761		0.9737
	57		0.9938		0.9933		0.9928		0.9922		0.9916		0.9908		0.9900		0.9891		0.9880		0.9870		0.9857		0.9843		0.9827		0.9811		0.9792		0.9771		0.9748
	58		0.9941		0.9936		0.9931		0.9925		0.9920		0.9912		0.9904		0.9896		0.9885		0.9875		0.9864		0.9850		0.9835		0.9819		0.9801		0.9781		0.9758
	59		0.9943		0.9939		0.9934		0.9928		0.9923		0.9916		0.9908		0.9900		0.9890		0.9881		0.9869		0.9856		0.9842		0.9827		0.9810		0.9790		0.9769
	60		0.9945		0.9941		0.9937		0.9932		0.9926		0.9919		0.9912		0.9905		0.9895		0.9886		0.9875		0.9863		0.9850		0.9835		0.9818		0.9799		0.9779
	61		0.9947		0.9944		0.9939		0.9935		0.9929		0.9923		0.9916		0.9909		0.9900		0.9892		0.9881		0.9869		0.9856		0.9842		0.9827		0.9808		0.9788
	62		0.9950		0.9946		0.9942		0.9937		0.9932		0.9927		0.9920		0.9913		0.9905		0.9896		0.9886		0.9875		0.9862		0.9849		0.9834		0.9817		0.9798
	63		0.9952		0.9948		0.9944		0.9940		0.9935		0.9930		0.9924		0.9917		0.9909		0.9901		0.9891		0.9881		0.9869		0.9857		0.9842		0.9826		0.9807
	64		0.9954		0.9950		0.9947		0.9943		0.9938		0.9933		0.9927		0.9920		0.9913		0.9906		0.9896		0.9886		0.9875		0.9863		0.9849		0.9834		0.9816
	65		0.9956		0.9953		0.9949		0.9945		0.9941		0.9936		0.9930		0.9924		0.9917		0.9910		0.9902		0.9891		0.9881		0.9869		0.9857		0.9842		0.9825
	66		0.9958		0.9955		0.9952		0.9947		0.9944		0.9939		0.9933		0.9928		0.9921		0.9915		0.9906		0.9897		0.9886		0.9876		0.9863		0.9849		0.9833
	67		0.9959		0.9957		0.9954		0.9950		0.9946		0.9942		0.9936		0.9932		0.9925		0.9918		0.9911		0.9902		0.9892		0.9882		0.9870		0.9857		0.9841
	68		0.9961		0.9958		0.9955		0.9952		0.9949		0.9945		0.9939		0.9935		0.9928		0.9923		0.9915		0.9906		0.9898		0.9887		0.9876		0.9864		0.9849
	69		0.9963		0.9961		0.9958		0.9955		0.9951		0.9948		0.9942		0.9938		0.9932		0.9927		0.9920		0.9912		0.9903		0.9894		0.9882		0.9870		0.9857
	70		0.9964		0.9962		0.9960		0.9957		0.9954		0.9950		0.9945		0.9941		0.9935		0.9930		0.9923		0.9916		0.9908		0.9899		0.9888		0.9876		0.9864
	71		0.9967		0.9964		0.9961		0.9958		0.9956		0.9952		0.9948		0.9944		0.9938		0.9933		0.9927		0.9920		0.9912		0.9904		0.9894		0.9883		0.9870
	72		0.9968		0.9966		0.9964		0.9960		0.9958		0.9955		0.9950		0.9947		0.9942		0.9937		0.9931		0.9925		0.9917		0.9909		0.9900		0.9889		0.9877
	73		0.9970		0.9967		0.9965		0.9962		0.9960		0.9957		0.9953		0.9950		0.9944		0.9940		0.9935		0.9928		0.9921		0.9914		0.9905		0.9895		0.9883
	74		0.9970		0.9969		0.9967		0.9964		0.9962		0.9959		0.9955		0.9952		0.9947		0.9943		0.9938		0.9932		0.9925		0.9919		0.9910		0.9900		0.9890
	75		0.9972		0.9970		0.9968		0.9966		0.9964		0.9961		0.9957		0.9955		0.9950		0.9946		0.9941		0.9936		0.9930		0.9922		0.9914		0.9906		0.9896
	76		0.9973		0.9972		0.9969		0.9967		0.9966		0.9963		0.9959		0.9957		0.9952		0.9949		0.9944		0.9939		0.9933		0.9927		0.9920		0.9911		0.9901
	77		0.9975		0.9973		0.9971		0.9969		0.9968		0.9965		0.9962		0.9959		0.9955		0.9952		0.9948		0.9942		0.9936		0.9931		0.9924		0.9916		0.9907
	78		0.9976		0.9974		0.9972		0.9971		0.9969		0.9967		0.9964		0.9962		0.9958		0.9955		0.9951		0.9946		0.9940		0.9935		0.9928		0.9920		0.9911
	79		0.9977		0.9975		0.9974		0.9972		0.9971		0.9969		0.9965		0.9963		0.9960		0.9957		0.9953		0.9948		0.9943		0.9938		0.9932		0.9925		0.9917
	80		0.9978		0.9977		0.9975		0.9973		0.9972		0.9970		0.9968		0.9965		0.9962		0.9959		0.9956		0.9951		0.9946		0.9942		0.9936		0.9929		0.9921
	81		0.9979		0.9978		0.9976		0.9975		0.9974		0.9971		0.9969		0.9967		0.9964		0.9961		0.9958		0.9954		0.9949		0.9945		0.9940		0.9933		0.9925
	82		0.9980		0.9979		0.9978		0.9976		0.9975		0.9973		0.9971		0.9969		0.9966		0.9964		0.9960		0.9956		0.9952		0.9948		0.9943		0.9937		0.9930
	83		0.9981		0.9980		0.9978		0.9978		0.9976		0.9974		0.9972		0.9971		0.9967		0.9966		0.9963		0.9959		0.9955		0.9951		0.9947		0.9940		0.9934
	84		0.9982		0.9981		0.9980		0.9978		0.9978		0.9976		0.9974		0.9972		0.9970		0.9967		0.9965		0.9961		0.9958		0.9954		0.9950		0.9944		0.9938
	85		0.9983		0.9982		0.9981		0.9980		0.9979		0.9977		0.9975		0.9974		0.9971		0.9970		0.9966		0.9963		0.9960		0.9957		0.9953		0.9947		0.9941

123

APPENDICES

Sub appendix A. 3

Table C

100% Joint and Survivor With Pop-Up

CEI Participants

Age of Pensioner

		42		43		44		45		46		47		48		49		50		51		52		53		54		55		56		57		58
	25		0.9307		0.9254		0.9198		0.9138		0.9075		0.9009		0.8938		0.8866		0.8789		0.8708		0.8623		0.8534		0.8440		0.8342		0.8238		0.8129		0.8014
	26		0.9317		0.9264		0.9208		0.9148		0.9086		0.9020		0.8950		0.8877		0.8800		0.8720		0.8636		0.8546		0.8452		0.8354		0.8250		0.8141		0.8027
	27		0.9327		0.9275		0.9219		0.9159		0.9097		0.9031		0.8962		0.8889		0.8813		0.8732		0.8648		0.8560		0.8465		0.8367		0.8263		0.8155		0.8040
	28		0.9338		0.9286		0.9230		0.9171		0.9110		0.9044		0.8975		0.8902		0.8826		0.8745		0.8662		0.8573		0.8479		0.8381		0.8277		0.8168		0.8053
	29		0.9349		0.9298		0.9242		0.9184		0.9122		0.9057		0.8987		0.8916		0.8840		0.8760		0.8675		0.8587		0.8493		0.8396		0.8292		0.8183		0.8068
	30		0.9361		0.9309		0.9255		0.9196		0.9135		0.9070		0.9001		0.8930		0.8853		0.8774		0.8690		0.8602		0.8508		0.8411		0.8307		0.8198		0.8084
	31		0.9372		0.9322		0.9267		0.9209		0.9149		0.9084		0.9016		0.8944		0.8869		0.8789		0.8706		0.8618		0.8524		0.8426		0.8323		0.8215		0.8100
	32		0.9385		0.9334		0.9280		0.9222		0.9162		0.9099		0.9030		0.8959		0.8884		0.8805		0.8722		0.8634		0.8540		0.8443		0.8340		0.8231		0.8117
	33		0.9398		0.9347		0.9294		0.9237		0.9177		0.9114		0.9046		0.8975		0.8900		0.8821		0.8738		0.8651		0.8558		0.8461		0.8357		0.8249		0.8135
	34		0.9410		0.9361		0.9308		0.9251		0.9192		0.9129		0.9061		0.8991		0.8917		0.8838		0.8756		0.8669		0.8576		0.8479		0.8376		0.8269		0.8154
	35		0.9423		0.9374		0.9322		0.9266		0.9207		0.9145		0.9078		0.9008		0.8934		0.8856		0.8774		0.8687		0.8595		0.8499		0.8396		0.8288		0.8174
	36		0.9437		0.9388		0.9336		0.9281		0.9223		0.9161		0.9095		0.9026		0.8952		0.8874		0.8793		0.8707		0.8615		0.8518		0.8416		0.8309		0.8195
	37		0.9450		0.9403		0.9352		0.9296		0.9239		0.9178		0.9112		0.9044		0.8971		0.8894		0.8813		0.8726		0.8635		0.8540		0.8437		0.8330		0.8216
	38		0.9464		0.9417		0.9366		0.9312		0.9256		0.9195		0.9130		0.9062		0.8990		0.8914		0.8833		0.8748		0.8656		0.8561		0.8460		0.8353		0.8240
	39		0.9478		0.9431		0.9382		0.9329		0.9273		0.9212		0.9149		0.9081		0.9009		0.8934		0.8854		0.8769		0.8679		0.8584		0.8483		0.8376		0.8263
	40		0.9492		0.9446		0.9398		0.9345		0.9290		0.9231		0.9168		0.9101		0.9030		0.8955		0.8876		0.8791		0.8702		0.8607		0.8507		0.8401		0.8288
	41		0.9506		0.9461		0.9414		0.9362		0.9308		0.9249		0.9187		0.9121		0.9050		0.8976		0.8898		0.8814		0.8725		0.8632		0.8531		0.8426		0.8314
	42		0.9521		0.9477		0.9430		0.9379		0.9325		0.9268		0.9207		0.9142		0.9072		0.8999		0.8921		0.8839		0.8750		0.8657		0.8557		0.8452		0.8341
	43		0.9535		0.9492		0.9446		0.9396		0.9343		0.9287		0.9226		0.9162		0.9094		0.9021		0.8944		0.8863		0.8775		0.8683		0.8584		0.8480		0.8369
	44		0.9549		0.9507		0.9462		0.9413		0.9362		0.9306		0.9247		0.9183		0.9116		0.9044		0.8968		0.8887		0.8801		0.8710		0.8611		0.8508		0.8398
	45		0.9563		0.9522		0.9478		0.9431		0.9380		0.9326		0.9267		0.9205		0.9139		0.9068		0.8993		0.8913		0.8827		0.8737		0.8640		0.8537		0.8428
	46		0.9578		0.9537		0.9495		0.9448		0.9399		0.9345		0.9288		0.9226		0.9162		0.9092		0.9018		0.8940		0.8855		0.8765		0.8669		0.8567		0.8459
	47		0.9591		0.9553		0.9511		0.9465		0.9417		0.9365		0.9308		0.9248		0.9184		0.9116		0.9044		0.8966		0.8882		0.8794		0.8699		0.8598		0.8491
	48		0.9606		0.9568		0.9527		0.9483		0.9435		0.9384		0.9329		0.9271		0.9208		0.9141		0.9070		0.8993		0.8911		0.8823		0.8729		0.8630		0.8523
	49		0.9620		0.9583		0.9543		0.9499		0.9454		0.9404		0.9350		0.9293		0.9231		0.9166		0.9096		0.9021		0.8939		0.8854		0.8761		0.8663		0.8557
	50		0.9633		0.9598		0.9559		0.9517		0.9472		0.9423		0.9371		0.9315		0.9255		0.9191		0.9122		0.9049		0.8969		0.8884		0.8792		0.8695		0.8591
	51		0.9647		0.9612		0.9575		0.9534		0.9491		0.9443		0.9392		0.9337		0.9279		0.9216		0.9149		0.9077		0.8998		0.8915		0.8825		0.8729		0.8626
	52		0.9660		0.9626		0.9590		0.9550		0.9508		0.9463		0.9413		0.9360		0.9303		0.9241		0.9176		0.9105		0.9028		0.8946		0.8858		0.8764		0.8662
	53		0.9673		0.9641		0.9606		0.9567		0.9527		0.9482		0.9434		0.9382		0.9327		0.9267		0.9203		0.9133		0.9058		0.8978		0.8891		0.8798		0.8698
	54		0.9686		0.9654		0.9621		0.9584		0.9544		0.9501		0.9454		0.9404		0.9350		0.9292		0.9230		0.9162		0.9089		0.9011		0.8925		0.8834		0.8736
	55		0.9699		0.9669		0.9636		0.9600		0.9561		0.9520		0.9474		0.9426		0.9374		0.9317		0.9256		0.9191		0.9119		0.9042		0.8959		0.8870		0.8773

124

APPENDICES

Sub appendix A. 3

Table C

100% Joint and Survivor With Pop-Up

CEI Participants

Age of Pensioner

		42		43		44		45		46		47		48		49		50		51		52		53		54		55		56		57		58
	56		0.9711		0.9682		0.9650		0.9616		0.9579		0.9538		0.9494		0.9448		0.9397		0.9342		0.9283		0.9219		0.9149		0.9075		0.8993		0.8906		0.8812
	57		0.9723		0.9695		0.9664		0.9631		0.9596		0.9557		0.9514		0.9469		0.9420		0.9367		0.9310		0.9247		0.9180		0.9107		0.9027		0.8942		0.8850
	58		0.9735		0.9707		0.9678		0.9646		0.9612		0.9575		0.9534		0.9490		0.9442		0.9391		0.9336		0.9275		0.9209		0.9139		0.9062		0.8979		0.8888
	59		0.9746		0.9720		0.9692		0.9661		0.9628		0.9592		0.9553		0.9510		0.9465		0.9415		0.9362		0.9304		0.9240		0.9172		0.9096		0.9015		0.8926
	60		0.9757		0.9732		0.9706		0.9676		0.9644		0.9609		0.9571		0.9531		0.9486		0.9439		0.9388		0.9332		0.9269		0.9203		0.9130		0.9051		0.8965
	61		0.9768		0.9744		0.9718		0.9689		0.9659		0.9626		0.9590		0.9550		0.9508		0.9462		0.9413		0.9359		0.9299		0.9235		0.9163		0.9087		0.9003
	62		0.9778		0.9756		0.9731		0.9703		0.9674		0.9642		0.9607		0.9570		0.9529		0.9485		0.9437		0.9385		0.9327		0.9266		0.9197		0.9123		0.9042
	63		0.9788		0.9766		0.9743		0.9717		0.9689		0.9658		0.9625		0.9588		0.9550		0.9507		0.9461		0.9411		0.9356		0.9296		0.9230		0.9158		0.9079
	64		0.9798		0.9777		0.9755		0.9729		0.9702		0.9673		0.9641		0.9607		0.9569		0.9529		0.9485		0.9437		0.9383		0.9326		0.9262		0.9193		0.9117
	65		0.9808		0.9787		0.9765		0.9742		0.9716		0.9689		0.9658		0.9625		0.9589		0.9550		0.9508		0.9462		0.9410		0.9355		0.9294		0.9227		0.9154
	66		0.9817		0.9797		0.9777		0.9753		0.9729		0.9702		0.9673		0.9642		0.9607		0.9571		0.9530		0.9486		0.9437		0.9384		0.9325		0.9261		0.9190
	67		0.9825		0.9807		0.9788		0.9765		0.9742		0.9716		0.9688		0.9659		0.9626		0.9590		0.9552		0.9510		0.9463		0.9412		0.9355		0.9294		0.9226
	68		0.9834		0.9817		0.9798		0.9776		0.9755		0.9730		0.9703		0.9675		0.9644		0.9610		0.9573		0.9533		0.9488		0.9440		0.9385		0.9326		0.9260
	69		0.9842		0.9826		0.9808		0.9787		0.9766		0.9743		0.9717		0.9690		0.9660		0.9628		0.9594		0.9555		0.9512		0.9466		0.9414		0.9358		0.9294
	70		0.9850		0.9834		0.9817		0.9797		0.9778		0.9755		0.9731		0.9705		0.9677		0.9646		0.9613		0.9577		0.9536		0.9491		0.9442		0.9388		0.9327
	71		0.9857		0.9843		0.9826		0.9807		0.9789		0.9767		0.9744		0.9719		0.9692		0.9663		0.9632		0.9597		0.9558		0.9516		0.9469		0.9418		0.9359
	72		0.9865		0.9850		0.9835		0.9817		0.9799		0.9778		0.9757		0.9734		0.9707		0.9680		0.9651		0.9617		0.9580		0.9540		0.9495		0.9446		0.9391
	73		0.9872		0.9858		0.9843		0.9827		0.9809		0.9790		0.9769		0.9746		0.9723		0.9696		0.9668		0.9637		0.9602		0.9564		0.9521		0.9474		0.9421
	74		0.9878		0.9865		0.9851		0.9835		0.9819		0.9800		0.9781		0.9760		0.9736		0.9712		0.9685		0.9655		0.9622		0.9586		0.9545		0.9501		0.9450
	75		0.9885		0.9872		0.9859		0.9844		0.9828		0.9811		0.9792		0.9772		0.9750		0.9726		0.9701		0.9673		0.9641		0.9607		0.9568		0.9526		0.9478
	76		0.9891		0.9879		0.9867		0.9852		0.9837		0.9820		0.9802		0.9784		0.9762		0.9740		0.9716		0.9690		0.9659		0.9627		0.9591		0.9551		0.9505
	77		0.9897		0.9885		0.9874		0.9859		0.9846		0.9830		0.9812		0.9795		0.9775		0.9754		0.9731		0.9706		0.9677		0.9647		0.9612		0.9574		0.9531
	78		0.9902		0.9891		0.9880		0.9867		0.9854		0.9838		0.9823		0.9805		0.9786		0.9767		0.9746		0.9722		0.9695		0.9666		0.9633		0.9597		0.9557
	79		0.9908		0.9898		0.9887		0.9874		0.9862		0.9847		0.9831		0.9815		0.9798		0.9779		0.9759		0.9736		0.9711		0.9684		0.9653		0.9619		0.9580
	80		0.9913		0.9903		0.9893		0.9881		0.9869		0.9855		0.9840		0.9825		0.9808		0.9791		0.9772		0.9750		0.9727		0.9701		0.9671		0.9640		0.9603
	81		0.9918		0.9909		0.9899		0.9887		0.9876		0.9863		0.9849		0.9835		0.9819		0.9801		0.9784		0.9764		0.9741		0.9717		0.9690		0.9659		0.9624
	82		0.9922		0.9914		0.9904		0.9893		0.9883		0.9871		0.9857		0.9844		0.9828		0.9812		0.9795		0.9777		0.9755		0.9733		0.9707		0.9678		0.9646
	83		0.9927		0.9919		0.9910		0.9899		0.9889		0.9878		0.9865		0.9852		0.9838		0.9823		0.9807		0.9789		0.9769		0.9748		0.9723		0.9697		0.9666
	84		0.9931		0.9923		0.9915		0.9905		0.9896		0.9884		0.9872		0.9860		0.9847		0.9833		0.9818		0.9801		0.9782		0.9762		0.9739		0.9714		0.9685
	85		0.9936		0.9928		0.9920		0.9911		0.9901		0.9891		0.9879		0.9868		0.9855		0.9842		0.9828		0.9812		0.9794		0.9776		0.9754		0.9730		0.9703

125

APPENDICES

Sub appendix A. 3

Table C

100% Joint and Survivor With Pop-Up

CEI Participants

Age of Pensioner

		59		60		61		62		63		64		65		66		67		68		69		70		71		72		73		74		75
	25		0.7893		0.7767		0.7635		0.7497		0.7354		0.7205		0.7052		0.6893		0.6731		0.6564		0.6394		0.6221		0.6045		0.5866		0.5684		0.5500		0.5316
	26		0.7905		0.7780		0.7647		0.7510		0.7366		0.7217		0.7064		0.6905		0.6743		0.6575		0.6405		0.6232		0.6056		0.5876		0.5694		0.5510		0.5326
	27		0.7919		0.7793		0.7660		0.7523		0.7379		0.7230		0.7077		0.6918		0.6755		0.6587		0.6417		0.6244		0.6067		0.5887		0.5705		0.5521		0.5336
	28		0.7933		0.7807		0.7675		0.7536		0.7393		0.7244		0.7090		0.6931		0.6768		0.6601		0.6430		0.6256		0.6079		0.5899		0.5717		0.5532		0.5347
	29		0.7947		0.7821		0.7689		0.7551		0.7407		0.7258		0.7104		0.6945		0.6782		0.6614		0.6443		0.6269		0.6092		0.5912		0.5729		0.5544		0.5359
	30		0.7963		0.7837		0.7704		0.7567		0.7423		0.7274		0.7120		0.6960		0.6797		0.6629		0.6458		0.6283		0.6106		0.5926		0.5743		0.5557		0.5372
	31		0.7979		0.7853		0.7721		0.7583		0.7439		0.7290		0.7136		0.6976		0.6812		0.6644		0.6473		0.6298		0.6121		0.5940		0.5757		0.5571		0.5385
	32		0.7997		0.7871		0.7738		0.7600		0.7456		0.7307		0.7152		0.6993		0.6829		0.6661		0.6489		0.6315		0.6137		0.5955		0.5772		0.5586		0.5400
	33		0.8015		0.7888		0.7756		0.7619		0.7475		0.7325		0.7171		0.7011		0.6847		0.6678		0.6507		0.6331		0.6153		0.5972		0.5787		0.5601		0.5415
	34		0.8034		0.7908		0.7776		0.7638		0.7494		0.7344		0.7190		0.7030		0.6865		0.6697		0.6525		0.6349		0.6171		0.5989		0.5804		0.5618		0.5431
	35		0.8054		0.7928		0.7796		0.7658		0.7514		0.7364		0.7210		0.7049		0.6885		0.6716		0.6544		0.6368		0.6189		0.6007		0.5823		0.5635		0.5448
	36		0.8075		0.7949		0.7817		0.7679		0.7535		0.7385		0.7230		0.7070		0.6906		0.6737		0.6564		0.6388		0.6209		0.6027		0.5842		0.5654		0.5466
	37		0.8097		0.7972		0.7840		0.7701		0.7558		0.7408		0.7253		0.7092		0.6928		0.6759		0.6586		0.6410		0.6230		0.6047		0.5862		0.5674		0.5486
	38		0.8120		0.7995		0.7863		0.7725		0.7581		0.7431		0.7276		0.7116		0.6951		0.6781		0.6609		0.6432		0.6252		0.6069		0.5883		0.5695		0.5506
	39		0.8144		0.8019		0.7887		0.7750		0.7606		0.7456		0.7301		0.7141		0.6976		0.6806		0.6633		0.6456		0.6275		0.6092		0.5906		0.5717		0.5527
	40		0.8169		0.8044		0.7913		0.7776		0.7632		0.7482		0.7327		0.7167		0.7002		0.6832		0.6658		0.6481		0.6301		0.6116		0.5930		0.5740		0.5551
	41		0.8196		0.8071		0.7940		0.7803		0.7659		0.7509		0.7354		0.7194		0.7029		0.6859		0.6685		0.6507		0.6327		0.6142		0.5955		0.5765		0.5575
	42		0.8223		0.8099		0.7968		0.7831		0.7687		0.7538		0.7384		0.7223		0.7057		0.6887		0.6713		0.6535		0.6354		0.6170		0.5982		0.5791		0.5601
	43		0.8251		0.8128		0.7998		0.7861		0.7717		0.7568		0.7413		0.7253		0.7088		0.6917		0.6743		0.6565		0.6384		0.6198		0.6010		0.5819		0.5628
	44		0.8281		0.8158		0.8028		0.7892		0.7749		0.7600		0.7445		0.7284		0.7119		0.6948		0.6774		0.6596		0.6414		0.6228		0.6040		0.5848		0.5657
	45		0.8312		0.8189		0.8059		0.7924		0.7781		0.7633		0.7478		0.7317		0.7152		0.6981		0.6807		0.6628		0.6446		0.6260		0.6072		0.5880		0.5687
	46		0.8343		0.8221		0.8092		0.7957		0.7815		0.7666		0.7512		0.7352		0.7187		0.7016		0.6841		0.6663		0.6480		0.6294		0.6104		0.5912		0.5719
	47		0.8376		0.8255		0.8127		0.7992		0.7850		0.7702		0.7549		0.7388		0.7223		0.7052		0.6877		0.6699		0.6516		0.6329		0.6140		0.5946		0.5753
	48		0.8409		0.8289		0.8162		0.8028		0.7887		0.7739		0.7586		0.7426		0.7261		0.7090		0.6915		0.6737		0.6553		0.6367		0.6176		0.5983		0.5789
	49		0.8444		0.8325		0.8198		0.8066		0.7925		0.7778		0.7625		0.7465		0.7301		0.7130		0.6955		0.6776		0.6593		0.6406		0.6215		0.6021		0.5826
	50		0.8480		0.8361		0.8236		0.8104		0.7964		0.7818		0.7665		0.7506		0.7342		0.7172		0.6997		0.6818		0.6634		0.6447		0.6256		0.6061		0.5866
	51		0.8516		0.8399		0.8275		0.8143		0.8005		0.7859		0.7707		0.7549		0.7385		0.7215		0.7040		0.6861		0.6678		0.6490		0.6299		0.6104		0.5908
	52		0.8554		0.8438		0.8315		0.8184		0.8047		0.7902		0.7751		0.7593		0.7429		0.7260		0.7086		0.6907		0.6724		0.6536		0.6344		0.6149		0.5952
	53		0.8591		0.8477		0.8356		0.8227		0.8090		0.7946		0.7796		0.7639		0.7476		0.7307		0.7133		0.6954		0.6771		0.6583		0.6391		0.6195		0.5998
	54		0.8630		0.8517		0.8397		0.8270		0.8134		0.7992		0.7843		0.7686		0.7524		0.7356		0.7182		0.7004		0.6821		0.6633		0.6441		0.6245		0.6047
	55		0.8670		0.8558		0.8440		0.8314		0.8180		0.8038		0.7891		0.7735		0.7574		0.7407		0.7234		0.7056		0.6873		0.6685		0.6493		0.6296		0.6098

126

APPENDICES

Sub appendix A. 3

Table C

100% Joint and Survivor With Pop-Up

CEI Participants

Age of Pensioner

		59		60		61		62		63		64		65		66		67		68		69		70		71		72		73		74		75
	56		0.8709		0.8600		0.8483		0.8358		0.8227		0.8087		0.7940		0.7786		0.7626		0.7459		0.7287		0.7109		0.6927		0.6739		0.6547		0.6351		0.6152
	57		0.8749		0.8642		0.8527		0.8405		0.8274		0.8136		0.7991		0.7838		0.7679		0.7513		0.7342		0.7165		0.6983		0.6795		0.6603		0.6407		0.6209
	58		0.8790		0.8685		0.8571		0.8451		0.8322		0.8186		0.8043		0.7891		0.7734		0.7569		0.7399		0.7223		0.7041		0.6854		0.6663		0.6466		0.6267
	59		0.8830		0.8728		0.8617		0.8498		0.8371		0.8236		0.8095		0.7945		0.7789		0.7626		0.7457		0.7282		0.7101		0.6915		0.6724		0.6527		0.6329
	60		0.8871		0.8771		0.8662		0.8546		0.8421		0.8288		0.8149		0.8001		0.7846		0.7685		0.7517		0.7343		0.7164		0.6978		0.6787		0.6591		0.6393
	61		0.8912		0.8814		0.8707		0.8594		0.8471		0.8341		0.8203		0.8057		0.7905		0.7745		0.7579		0.7406		0.7228		0.7043		0.6853		0.6657		0.6459
	62		0.8952		0.8857		0.8753		0.8641		0.8521		0.8393		0.8258		0.8114		0.7964		0.7806		0.7642		0.7471		0.7294		0.7110		0.6921		0.6726		0.6528
	63		0.8993		0.8900		0.8799		0.8690		0.8572		0.8447		0.8314		0.8173		0.8025		0.7868		0.7706		0.7536		0.7361		0.7178		0.6990		0.6796		0.6599
	64		0.9033		0.8942		0.8844		0.8737		0.8623		0.8500		0.8370		0.8231		0.8085		0.7931		0.7770		0.7603		0.7429		0.7249		0.7062		0.6869		0.6672
	65		0.9073		0.8984		0.8889		0.8785		0.8674		0.8553		0.8426		0.8290		0.8147		0.7995		0.7837		0.7671		0.7500		0.7321		0.7135		0.6943		0.6748
	66		0.9111		0.9026		0.8934		0.8833		0.8724		0.8607		0.8482		0.8349		0.8208		0.8059		0.7903		0.7741		0.7571		0.7394		0.7210		0.7019		0.6825
	67		0.9150		0.9067		0.8978		0.8880		0.8774		0.8660		0.8539		0.8408		0.8270		0.8124		0.7971		0.7811		0.7643		0.7468		0.7286		0.7097		0.6904
	68		0.9187		0.9108		0.9021		0.8927		0.8823		0.8713		0.8594		0.8466		0.8332		0.8189		0.8038		0.7881		0.7716		0.7543		0.7363		0.7176		0.6985
	69		0.9224		0.9148		0.9064		0.8973		0.8873		0.8765		0.8650		0.8525		0.8394		0.8253		0.8106		0.7952		0.7789		0.7619		0.7441		0.7257		0.7067
	70		0.9260		0.9186		0.9105		0.9017		0.8921		0.8816		0.8704		0.8584		0.8455		0.8318		0.8174		0.8023		0.7863		0.7695		0.7520		0.7338		0.7150
	71		0.9295		0.9224		0.9147		0.9062		0.8968		0.8867		0.8759		0.8641		0.8516		0.8383		0.8242		0.8094		0.7937		0.7772		0.7600		0.7420		0.7235
	72		0.9329		0.9262		0.9186		0.9105		0.9015		0.8917		0.8812		0.8698		0.8577		0.8447		0.8309		0.8164		0.8011		0.7849		0.7680		0.7503		0.7320
	73		0.9362		0.9297		0.9225		0.9147		0.9060		0.8966		0.8864		0.8754		0.8636		0.8509		0.8376		0.8234		0.8085		0.7926		0.7761		0.7586		0.7406
	74		0.9394		0.9332		0.9263		0.9188		0.9105		0.9014		0.8915		0.8809		0.8695		0.8572		0.8442		0.8304		0.8158		0.8003		0.7841		0.7669		0.7492
	75		0.9424		0.9366		0.9300		0.9228		0.9147		0.9060		0.8965		0.8862		0.8753		0.8634		0.8507		0.8373		0.8231		0.8080		0.7920		0.7753		0.7579
	76		0.9454		0.9398		0.9335		0.9266		0.9189		0.9106		0.9015		0.8915		0.8809		0.8694		0.8572		0.8441		0.8303		0.8155		0.8000		0.7835		0.7665
	77		0.9483		0.9429		0.9369		0.9303		0.9230		0.9149		0.9062		0.8966		0.8864		0.8752		0.8634		0.8508		0.8374		0.8230		0.8078		0.7917		0.7750
	78		0.9510		0.9460		0.9402		0.9339		0.9269		0.9192		0.9108		0.9016		0.8918		0.8810		0.8695		0.8573		0.8443		0.8304		0.8156		0.7998		0.7836
	79		0.9536		0.9488		0.9433		0.9374		0.9307		0.9233		0.9152		0.9064		0.8969		0.8866		0.8755		0.8638		0.8512		0.8376		0.8232		0.8080		0.7920
	80		0.9561		0.9515		0.9464		0.9407		0.9343		0.9272		0.9196		0.9111		0.9019		0.8921		0.8814		0.8700		0.8578		0.8447		0.8307		0.8159		0.8003
	81		0.9585		0.9542		0.9493		0.9438		0.9378		0.9310		0.9237		0.9156		0.9069		0.8973		0.8871		0.8761		0.8643		0.8517		0.8382		0.8237		0.8085
	82		0.9608		0.9567		0.9521		0.9469		0.9412		0.9347		0.9277		0.9200		0.9116		0.9025		0.8926		0.8821		0.8708		0.8585		0.8454		0.8314		0.8167
	83		0.9631		0.9592		0.9548		0.9498		0.9444		0.9383		0.9316		0.9242		0.9162		0.9075		0.8980		0.8880		0.8770		0.8652		0.8525		0.8389		0.8247
	84		0.9652		0.9615		0.9573		0.9527		0.9475		0.9417		0.9354		0.9283		0.9207		0.9123		0.9033		0.8936		0.8831		0.8717		0.8595		0.8464		0.8326
	85		0.9672		0.9637		0.9598		0.9554		0.9504		0.9450		0.9390		0.9323		0.9250		0.9170		0.9084		0.8991		0.8891		0.8781		0.8664		0.8537		0.8403

127

APPENDICES

Sub appendix A. 3

Table D

50% Joint and Survivor Without Pop-Up

CEI Participants***

*** On March 12, 2012, This Table was corrected—the age of the pensioner on pages 1, 3, and 5 had to be corrected.

Age of Pensioner

		25		26		27		28		29		30		31		32		33		34		35		36		37		38		39		40		41
	25		0.9910		0.9903		0.9894		0.9885		0.9876		0.9865		0.9853		0.9841		0.9826		0.9812		0.9796		0.9779		0.9760		0.9741		0.9719		0.9696		0.9671
	26		0.9912		0.9905		0.9897		0.9887		0.9878		0.9868		0.9856		0.9844		0.9830		0.9816		0.9801		0.9783		0.9765		0.9746		0.9724		0.9701		0.9676
	27		0.9914		0.9908		0.9899		0.9890		0.9881		0.9872		0.9859		0.9848		0.9834		0.9820		0.9804		0.9787		0.9770		0.9750		0.9729		0.9706		0.9682
	28		0.9917		0.9910		0.9902		0.9893		0.9885		0.9874		0.9863		0.9852		0.9838		0.9825		0.9810		0.9793		0.9775		0.9755		0.9735		0.9712		0.9688
	29		0.9920		0.9913		0.9905		0.9896		0.9888		0.9878		0.9867		0.9855		0.9842		0.9829		0.9814		0.9797		0.9780		0.9761		0.9740		0.9718		0.9694
	30		0.9922		0.9915		0.9908		0.9899		0.9892		0.9882		0.9870		0.9860		0.9846		0.9834		0.9818		0.9802		0.9785		0.9766		0.9746		0.9724		0.9700
	31		0.9925		0.9918		0.9910		0.9903		0.9895		0.9885		0.9874		0.9863		0.9850		0.9838		0.9824		0.9807		0.9790		0.9772		0.9752		0.9730		0.9706
	32		0.9927		0.9920		0.9913		0.9906		0.9898		0.9888		0.9878		0.9867		0.9855		0.9843		0.9828		0.9812		0.9795		0.9777		0.9758		0.9737		0.9713
	33		0.9929		0.9923		0.9916		0.9909		0.9901		0.9892		0.9881		0.9872		0.9859		0.9847		0.9833		0.9818		0.9801		0.9783		0.9764		0.9743		0.9720
	34		0.9931		0.9925		0.9919		0.9912		0.9904		0.9896		0.9885		0.9875		0.9863		0.9851		0.9838		0.9823		0.9807		0.9789		0.9770		0.9749		0.9727
	35		0.9934		0.9928		0.9921		0.9915		0.9907		0.9899		0.9889		0.9880		0.9867		0.9856		0.9843		0.9828		0.9812		0.9795		0.9776		0.9756		0.9734
	36		0.9936		0.9930		0.9924		0.9918		0.9911		0.9902		0.9893		0.9883		0.9872		0.9861		0.9848		0.9833		0.9818		0.9801		0.9783		0.9763		0.9741
	37		0.9939		0.9933		0.9927		0.9921		0.9914		0.9906		0.9896		0.9887		0.9876		0.9865		0.9852		0.9838		0.9824		0.9807		0.9789		0.9770		0.9749
	38		0.9941		0.9936		0.9930		0.9923		0.9917		0.9909		0.9900		0.9891		0.9881		0.9870		0.9858		0.9844		0.9830		0.9813		0.9796		0.9777		0.9755
	39		0.9943		0.9938		0.9932		0.9926		0.9920		0.9913		0.9904		0.9895		0.9884		0.9874		0.9863		0.9850		0.9835		0.9820		0.9803		0.9784		0.9763
	40		0.9945		0.9940		0.9935		0.9929		0.9923		0.9916		0.9907		0.9899		0.9889		0.9879		0.9867		0.9855		0.9841		0.9826		0.9809		0.9791		0.9770
	41		0.9947		0.9942		0.9938		0.9932		0.9926		0.9919		0.9911		0.9903		0.9893		0.9884		0.9872		0.9860		0.9847		0.9832		0.9816		0.9798		0.9779
	42		0.9949		0.9944		0.9940		0.9935		0.9929		0.9922		0.9915		0.9907		0.9897		0.9889		0.9877		0.9865		0.9852		0.9838		0.9822		0.9805		0.9786
	43		0.9951		0.9947		0.9942		0.9937		0.9931		0.9925		0.9918		0.9911		0.9902		0.9892		0.9882		0.9870		0.9858		0.9845		0.9829		0.9812		0.9794
	44		0.9953		0.9949		0.9944		0.9940		0.9934		0.9928		0.9921		0.9914		0.9905		0.9897		0.9887		0.9876		0.9863		0.9851		0.9836		0.9819		0.9801
	45		0.9955		0.9951		0.9947		0.9942		0.9937		0.9931		0.9924		0.9918		0.9909		0.9901		0.9891		0.9881		0.9869		0.9857		0.9842		0.9826		0.9809
	46		0.9957		0.9953		0.9949		0.9944		0.9940		0.9934		0.9928		0.9921		0.9913		0.9906		0.9896		0.9885		0.9874		0.9862		0.9848		0.9833		0.9816
	47		0.9959		0.9955		0.9952		0.9947		0.9943		0.9937		0.9931		0.9925		0.9917		0.9909		0.9901		0.9891		0.9880		0.9868		0.9855		0.9840		0.9824
	48		0.9961		0.9957		0.9953		0.9949		0.9946		0.9940		0.9934		0.9928		0.9921		0.9914		0.9905		0.9895		0.9885		0.9874		0.9861		0.9847		0.9831
	49		0.9962		0.9959		0.9955		0.9952		0.9948		0.9943		0.9937		0.9932		0.9925		0.9918		0.9909		0.9900		0.9890		0.9879		0.9867		0.9854		0.9838
	50		0.9964		0.9961		0.9958		0.9954		0.9950		0.9945		0.9940		0.9935		0.9928		0.9921		0.9914		0.9905		0.9896		0.9885		0.9873		0.9860		0.9845
	51		0.9966		0.9963		0.9960		0.9956		0.9953		0.9948		0.9943		0.9938		0.9931		0.9925		0.9917		0.9909		0.9900		0.9891		0.9879		0.9867		0.9853
	52		0.9967		0.9964		0.9961		0.9958		0.9955		0.9951		0.9946		0.9941		0.9934		0.9929		0.9922		0.9914		0.9905		0.9896		0.9885		0.9873		0.9860
	53		0.9969		0.9967		0.9964		0.9960		0.9957		0.9954		0.9948		0.9944		0.9938		0.9933		0.9926		0.9918		0.9910		0.9901		0.9891		0.9880		0.9867
	54		0.9970		0.9968		0.9965		0.9962		0.9960		0.9956		0.9951		0.9947		0.9941		0.9936		0.9929		0.9922		0.9914		0.9906		0.9896		0.9885		0.9873
	55		0.9972		0.9970		0.9967		0.9964		0.9962		0.9958		0.9953		0.9950		0.9944		0.9939		0.9933		0.9926		0.9919		0.9911		0.9901		0.9891		0.9880

128

APPENDICES

Sub appendix A. 3

Table D

50% Joint and Survivor Without Pop-Up

CEI Participants

Age of Pensioner

		25		26		27		28		29		30		31		32		33		34		35		36		37		38		39		40		41
	56		0.9973		0.9971		0.9969		0.9966		0.9963		0.9960		0.9956		0.9953		0.9947		0.9942		0.9937		0.9930		0.9924		0.9916		0.9907		0.9897		0.9886
	57		0.9975		0.9973		0.9970		0.9968		0.9966		0.9963		0.9959		0.9955		0.9950		0.9946		0.9940		0.9934		0.9927		0.9920		0.9912		0.9902		0.9892
	58		0.9976		0.9974		0.9972		0.9969		0.9968		0.9965		0.9961		0.9958		0.9953		0.9949		0.9944		0.9937		0.9931		0.9925		0.9917		0.9908		0.9898
	59		0.9977		0.9975		0.9974		0.9971		0.9969		0.9966		0.9963		0.9960		0.9955		0.9952		0.9947		0.9941		0.9936		0.9929		0.9922		0.9913		0.9903
	60		0.9978		0.9977		0.9975		0.9973		0.9971		0.9969		0.9965		0.9962		0.9958		0.9955		0.9950		0.9945		0.9939		0.9933		0.9927		0.9919		0.9910
	61		0.9980		0.9978		0.9976		0.9975		0.9973		0.9971		0.9967		0.9965		0.9961		0.9958		0.9954		0.9948		0.9943		0.9938		0.9931		0.9923		0.9915
	62		0.9981		0.9980		0.9978		0.9976		0.9975		0.9972		0.9969		0.9967		0.9963		0.9961		0.9956		0.9952		0.9946		0.9942		0.9935		0.9928		0.9920
	63		0.9982		0.9981		0.9979		0.9978		0.9976		0.9974		0.9971		0.9969		0.9965		0.9963		0.9959		0.9955		0.9950		0.9945		0.9940		0.9932		0.9925
	64		0.9983		0.9982		0.9981		0.9979		0.9978		0.9976		0.9973		0.9971		0.9967		0.9965		0.9962		0.9958		0.9953		0.9948		0.9944		0.9937		0.9930
	65		0.9984		0.9983		0.9982		0.9981		0.9979		0.9977		0.9975		0.9973		0.9970		0.9967		0.9964		0.9960		0.9956		0.9952		0.9947		0.9942		0.9934
	66		0.9985		0.9984		0.9983		0.9981		0.9981		0.9979		0.9977		0.9975		0.9972		0.9970		0.9966		0.9963		0.9959		0.9955		0.9951		0.9946		0.9939
	67		0.9986		0.9985		0.9984		0.9983		0.9982		0.9980		0.9978		0.9977		0.9973		0.9972		0.9970		0.9966		0.9962		0.9958		0.9954		0.9949		0.9944
	68		0.9987		0.9987		0.9985		0.9984		0.9984		0.9982		0.9980		0.9978		0.9976		0.9974		0.9971		0.9969		0.9965		0.9961		0.9957		0.9953		0.9948
	69		0.9988		0.9987		0.9987		0.9985		0.9984		0.9983		0.9981		0.9980		0.9977		0.9976		0.9973		0.9971		0.9968		0.9965		0.9960		0.9956		0.9952
	70		0.9989		0.9988		0.9987		0.9986		0.9986		0.9984		0.9983		0.9981		0.9979		0.9978		0.9976		0.9973		0.9970		0.9968		0.9964		0.9960		0.9955
	71		0.9990		0.9989		0.9988		0.9987		0.9987		0.9986		0.9984		0.9983		0.9981		0.9979		0.9977		0.9975		0.9972		0.9970		0.9967		0.9963		0.9959
	72		0.9990		0.9990		0.9989		0.9988		0.9988		0.9986		0.9985		0.9984		0.9983		0.9981		0.9979		0.9977		0.9975		0.9972		0.9969		0.9966		0.9962
	73		0.9991		0.9990		0.9990		0.9989		0.9989		0.9988		0.9986		0.9986		0.9983		0.9983		0.9981		0.9979		0.9977		0.9975		0.9972		0.9969		0.9965
	74		0.9992		0.9991		0.9990		0.9990		0.9990		0.9989		0.9987		0.9986		0.9985		0.9984		0.9982		0.9981		0.9978		0.9977		0.9974		0.9971		0.9968
	75		0.9993		0.9992		0.9991		0.9990		0.9990		0.9989		0.9989		0.9988		0.9986		0.9986		0.9984		0.9982		0.9981		0.9978		0.9977		0.9973		0.9970
	76		0.9993		0.9993		0.9992		0.9991		0.9991		0.9991		0.9989		0.9989		0.9987		0.9987		0.9985		0.9984		0.9982		0.9981		0.9978		0.9976		0.9973
	77		0.9993		0.9993		0.9993		0.9992		0.9992		0.9992		0.9990		0.9990		0.9989		0.9988		0.9987		0.9985		0.9984		0.9982		0.9981		0.9978		0.9976
	78		0.9994		0.9994		0.9993		0.9993		0.9993		0.9992		0.9991		0.9991		0.9989		0.9989		0.9988		0.9986		0.9985		0.9984		0.9982		0.9980		0.9977
	79		0.9995		0.9994		0.9994		0.9993		0.9993		0.9993		0.9992		0.9992		0.9990		0.9990		0.9989		0.9988		0.9986		0.9985		0.9984		0.9982		0.9980
	80		0.9995		0.9995		0.9994		0.9994		0.9994		0.9993		0.9992		0.9992		0.9991		0.9991		0.9990		0.9989		0.9988		0.9987		0.9985		0.9984		0.9981
	81		0.9996		0.9996		0.9995		0.9994		0.9995		0.9994		0.9993		0.9993		0.9992		0.9992		0.9991		0.9990		0.9988		0.9988		0.9987		0.9985		0.9983
	82		0.9996		0.9996		0.9996		0.9995		0.9995		0.9995		0.9994		0.9994		0.9992		0.9992		0.9992		0.9991		0.9990		0.9989		0.9988		0.9987		0.9985
	83		0.9996		0.9996		0.9996		0.9996		0.9995		0.9995		0.9994		0.9995		0.9993		0.9993		0.9992		0.9992		0.9991		0.9990		0.9989		0.9988		0.9986
	84		0.9996		0.9996		0.9996		0.9996		0.9996		0.9995		0.9995		0.9995		0.9994		0.9994		0.9993		0.9992		0.9992		0.9991		0.9990		0.9989		0.9987
	85		0.9997		0.9996		0.9996		0.9996		0.9996		0.9996		0.9995		0.9995		0.9995		0.9995		0.9994		0.9993		0.9992		0.9992		0.9991		0.9990		0.9989

129

APPENDICES

Sub appendix A. 3

Table D

50% Joint and Survivor Without Pop-Up

CEI Participants

Age of Pensioner

		42		43		44		45		46		47		48		49		50		51		52		53		54		55		56		57		58
	25		0.9645		0.9616		0.9586		0.9553		0.9519		0.9483		0.9444		0.9403		0.9360		0.9314		0.9266		0.9215		0.9159		0.9101		0.9039		0.8974		0.8903
	26		0.9651		0.9622		0.9592		0.9559		0.9526		0.9490		0.9451		0.9411		0.9367		0.9321		0.9274		0.9222		0.9167		0.9109		0.9047		0.8982		0.8912
	27		0.9657		0.9628		0.9598		0.9566		0.9533		0.9497		0.9458		0.9417		0.9374		0.9329		0.9281		0.9230		0.9175		0.9117		0.9055		0.8990		0.8920
	28		0.9662		0.9635		0.9605		0.9573		0.9539		0.9504		0.9465		0.9425		0.9383		0.9337		0.9289		0.9238		0.9184		0.9126		0.9064		0.8999		0.8929
	29		0.9669		0.9641		0.9611		0.9580		0.9547		0.9511		0.9473		0.9433		0.9391		0.9345		0.9298		0.9247		0.9192		0.9135		0.9073		0.9008		0.8939
	30		0.9675		0.9648		0.9619		0.9587		0.9554		0.9519		0.9481		0.9442		0.9399		0.9354		0.9307		0.9256		0.9201		0.9145		0.9083		0.9018		0.8949
	31		0.9682		0.9654		0.9626		0.9595		0.9562		0.9527		0.9490		0.9450		0.9408		0.9363		0.9316		0.9266		0.9212		0.9154		0.9093		0.9029		0.8959
	32		0.9689		0.9662		0.9634		0.9602		0.9570		0.9535		0.9498		0.9459		0.9417		0.9373		0.9326		0.9276		0.9222		0.9166		0.9104		0.9040		0.8971
	33		0.9696		0.9669		0.9641		0.9610		0.9579		0.9544		0.9507		0.9468		0.9426		0.9383		0.9336		0.9287		0.9233		0.9176		0.9115		0.9051		0.8982
	34		0.9703		0.9677		0.9649		0.9619		0.9587		0.9553		0.9517		0.9478		0.9437		0.9393		0.9347		0.9297		0.9244		0.9188		0.9127		0.9063		0.8995
	35		0.9711		0.9685		0.9658		0.9628		0.9596		0.9563		0.9526		0.9488		0.9447		0.9404		0.9358		0.9309		0.9256		0.9200		0.9140		0.9077		0.9008
	36		0.9718		0.9693		0.9666		0.9636		0.9605		0.9572		0.9536		0.9498		0.9458		0.9415		0.9370		0.9321		0.9268		0.9213		0.9153		0.9089		0.9021
	37		0.9726		0.9701		0.9674		0.9645		0.9615		0.9582		0.9546		0.9509		0.9469		0.9426		0.9382		0.9333		0.9280		0.9226		0.9166		0.9104		0.9036
	38		0.9734		0.9710		0.9683		0.9655		0.9624		0.9592		0.9557		0.9520		0.9481		0.9439		0.9394		0.9346		0.9294		0.9240		0.9181		0.9118		0.9051
	39		0.9742		0.9718		0.9692		0.9664		0.9635		0.9603		0.9568		0.9531		0.9492		0.9451		0.9407		0.9360		0.9308		0.9254		0.9195		0.9133		0.9067
	40		0.9750		0.9726		0.9701		0.9673		0.9645		0.9613		0.9579		0.9544		0.9505		0.9464		0.9420		0.9373		0.9322		0.9269		0.9211		0.9149		0.9083
	41		0.9758		0.9735		0.9710		0.9683		0.9655		0.9624		0.9591		0.9556		0.9517		0.9477		0.9434		0.9388		0.9337		0.9285		0.9227		0.9166		0.9100
	42		0.9766		0.9744		0.9719		0.9693		0.9665		0.9635		0.9602		0.9568		0.9530		0.9491		0.9448		0.9402		0.9353		0.9301		0.9243		0.9183		0.9118
	43		0.9774		0.9753		0.9729		0.9703		0.9676		0.9646		0.9614		0.9580		0.9543		0.9505		0.9463		0.9417		0.9369		0.9317		0.9261		0.9200		0.9136
	44		0.9783		0.9761		0.9738		0.9713		0.9686		0.9658		0.9626		0.9593		0.9557		0.9518		0.9478		0.9433		0.9385		0.9334		0.9278		0.9219		0.9155
	45		0.9790		0.9770		0.9748		0.9723		0.9697		0.9669		0.9638		0.9606		0.9571		0.9533		0.9493		0.9449		0.9401		0.9352		0.9296		0.9238		0.9175
	46		0.9799		0.9778		0.9757		0.9733		0.9708		0.9681		0.9651		0.9619		0.9584		0.9548		0.9508		0.9465		0.9418		0.9369		0.9315		0.9258		0.9195
	47		0.9807		0.9787		0.9766		0.9743		0.9719		0.9692		0.9663		0.9632		0.9599		0.9562		0.9524		0.9482		0.9436		0.9387		0.9334		0.9277		0.9216
	48		0.9815		0.9796		0.9775		0.9753		0.9730		0.9704		0.9675		0.9645		0.9613		0.9577		0.9539		0.9499		0.9453		0.9406		0.9354		0.9297		0.9237
	49		0.9823		0.9804		0.9785		0.9763		0.9741		0.9715		0.9688		0.9659		0.9627		0.9593		0.9556		0.9516		0.9471		0.9425		0.9374		0.9319		0.9259
	50		0.9831		0.9813		0.9794		0.9773		0.9751		0.9727		0.9700		0.9672		0.9641		0.9608		0.9572		0.9532		0.9489		0.9444		0.9394		0.9340		0.9282
	51		0.9838		0.9821		0.9803		0.9783		0.9761		0.9739		0.9712		0.9685		0.9655		0.9622		0.9588		0.9550		0.9508		0.9464		0.9415		0.9362		0.9305
	52		0.9846		0.9830		0.9812		0.9792		0.9772		0.9750		0.9725		0.9698		0.9670		0.9638		0.9605		0.9567		0.9527		0.9483		0.9435		0.9384		0.9328
	53		0.9853		0.9838		0.9821		0.9802		0.9782		0.9761		0.9737		0.9712		0.9684		0.9653		0.9620		0.9585		0.9546		0.9503		0.9456		0.9406		0.9351
	54		0.9860		0.9846		0.9830		0.9812		0.9793		0.9772		0.9749		0.9724		0.9698		0.9668		0.9637		0.9602		0.9564		0.9523		0.9478		0.9429		0.9376
	55		0.9867		0.9853		0.9839		0.9821		0.9803		0.9783		0.9761		0.9738		0.9711		0.9683		0.9653		0.9620		0.9582		0.9544		0.9499		0.9452		0.9400

130

APPENDICES

Sub appendix A. 3

Table D

50% Joint and Survivor Without Pop-Up

CEI Participants

Age of Pensioner

		42		43		44		45		45		47		418		49		50		51		52		53		54		55		56		57		58
	56		0.9874		0.9861		0.9846		0.9830		0.9813		0.9794		0.9773		0.9750		0.9726		0.9698		0.9670		0.9637		0.9602		0.9563		0.9521		0.9475		0.9424
	57		0.9881		0.9868		0.9855		0.9839		0.9823		0.9804		0.9785		0.9763		0.9739		0.9714		0.9686		0.9654		0.9620		0.9583		0.9542		0.9498		0.9449
	58		0.9887		0.9876		0.9863		0.9848		0.9832		0.9815		0.9796		0.9775		0.9753		0.9728		0.9701		0.9672		0.9638		0.9604		0.9563		0.9521		0.9473
	59		0.9894		0.9883		0.9870		0.9856		0.9842		0.9825		0.9807		0.9788		0.9766		0.9742		0.9717		0.9689		0.9657		0.9623		0.9585		0.9544		0.9498
	60		0.9901		0.9890		0.9877		0.9864		0.9850		0.9835		0.9818		0.9799		0.9778		0.9756		0.9733		0.9705		0.9675		0.9643		0.9606		0.9567		0.9523
	61		0.9906		0.9896		0.9885		0.9872		0.9859		0.9845		0.9828		0.9811		0.9791		0.9770		0.9747		0.9722		0.9693		0.9662		0.9627		0.9589		0.9547
	62		0.9912		0.9902		0.9892		0.9880		0.9868		0.9854		0.9839		0.9822		0.9803		0.9784		0.9762		0.9738		0.9710		0.9681		0.9648		0.9612		0.9572
	63		0.9918		0.9909		0.9899		0.9888		0.9876		0.9863		0.9848		0.9833		0.9815		0.9797		0.9777		0.9754		0.9728		0.9699		0.9668		0.9634		0.9595
	64		0.9923		0.9915		0.9906		0.9895		0.9884		0.9872		0.9858		0.9844		0.9827		0.9810		0.9790		0.9768		0.9744		0.9718		0.9688		0.9655		0.9618
	65		0.9929		0.9920		0.9912		0.9902		0.9892		0.9880		0.9867		0.9853		0.9838		0.9822		0.9804		0.9783		0.9760		0.9735		0.9707		0.9676		0.9642
	66		0.9933		0.9926		0.9917		0.9908		0.9899		0.9888		0.9876		0.9863		0.9849		0.9833		0.9817		0.9797		0.9776		0.9753		0.9726		0.9697		0.9664
	67		0.9938		0.9931		0.9924		0.9914		0.9906		0.9896		0.9884		0.9873		0.9859		0.9845		0.9829		0.9812		0.9791		0.9769		0.9744		0.9716		0.9685
	68		0.9943		0.9936		0.9928		0.9921		0.9912		0.9904		0.9892		0.9882		0.9869		0.9856		0.9841		0.9824		0.9805		0.9785		0.9761		0.9736		0.9706
	69		0.9947		0.9941		0.9934		0.9926		0.9919		0.9910		0.9900		0.9890		0.9878		0.9866		0.9852		0.9837		0.9819		0.9800		0.9778		0.9754		0.9727
	70		0.9950		0.9945		0.9939		0.9932		0.9925		0.9917		0.9908		0.9898		0.9887		0.9875		0.9863		0.9849		0.9832		0.9815		0.9794		0.9772		0.9746
	71		0.9954		0.9949		0.9943		0.9937		0.9931		0.9923		0.9915		0.9906		0.9896		0.9885		0.9873		0.9860		0.9845		0.9829		0.9809		0.9789		0.9765
	72		0.9958		0.9953		0.9948		0.9942		0.9936		0.9929		0.9921		0.9913		0.9904		0.9894		0.9883		0.9871		0.9857		0.9841		0.9824		0.9805		0.9783
	73		0.9961		0.9957		0.9952		0.9946		0.9941		0.9935		0.9927		0.9920		0.9912		0.9902		0.9892		0.9881		0.9868		0.9854		0.9838		0.9820		0.9799
	74		0.9965		0.9960		0.9956		0.9951		0.9946		0.9940		0.9933		0.9927		0.9918		0.9910		0.9901		0.9890		0.9878		0.9866		0.9851		0.9835		0.9815
	75		0.9968		0.9964		0.9960		0.9955		0.9951		0.9945		0.9939		0.9932		0.9925		0.9918		0.9909		0.9900		0.9888		0.9877		0.9863		0.9848		0.9830
	76		0.9971		0.9967		0.9963		0.9958		0.9955		0.9950		0.9943		0.9938		0.9932		0.9924		0.9917		0.9908		0.9898		0.9887		0.9874		0.9861		0.9845
	77		0.9973		0.9970		0.9966		0.9962		0.9959		0.9954		0.9948		0.9943		0.9937		0.9931		0.9924		0.9916		0.9906		0.9897		0.9886		0.9873		0.9858
	78		0.9976		0.9972		0.9970		0.9965		0.9962		0.9958		0.9953		0.9948		0.9942		0.9937		0.9930		0.9924		0.9915		0.9906		0.9895		0.9884		0.9871
	79		0.9978		0.9975		0.9972		0.9969		0.9965		0.9962		0.9957		0.9953		0.9947		0.9943		0.9937		0.9930		0.9922		0.9915		0.9905		0.9894		0.9881
	80		0.9979		0.9977		0.9974		0.9971		0.9968		0.9965		0.9961		0.9957		0.9952		0.9948		0.9942		0.9936		0.9929		0.9922		0.9913		0.9904		0.9892
	81		0.9982		0.9979		0.9977		0.9974		0.9972		0.9968		0.9965		0.9961		0.9957		0.9952		0.9948		0.9942		0.9936		0.9930		0.9921		0.9913		0.9902
	82		0.9983		0.9982		0.9979		0.9976		0.9974		0.9971		0.9968		0.9964		0.9961		0.9957		0.9952		0.9948		0.9942		0.9936		0.9928		0.9921		0.9911
	83		0.9985		0.9983		0.9982		0.9978		0.9977		0.9974		0.9970		0.9968		0.9964		0.9960		0.9957		0.9953		0.9947		0.9942		0.9935		0.9928		0.9919
	84		0.9987		0.9985		0.9983		0.9981		0.9979		0.9976		0.9974		0.9971		0.9967		0.9965		0.9961		0.9957		0.9952		0.9947		0.9941		0.9935		0.9928
	85		0.9988		0.9986		0.9985		0.9982		0.9981		0.9979		0.9976		0.9973		0.9971		0.9968		0.9965		0.9961		0.9956		0.9952		0.9946		0.9941		0.9935

131

APPENDICES

Sub appendix A. 3

Table D

50% Joint and Survivor Without Pop-Up

CEI Participants

Age of Pensioner

		59		60		61		62		63		64		65		66		67		68		69		70		71		72		73		73		75
	25		0.8828		0.8749		0.8665		0.8576		0.8481		0.8382		0.8277		0.8167		0.8052		0.7932		0.7806		0.7676		0.7541		0.7400		0.7254		0.7102		0.6948
	26		0.8837		0.8757		0.8673		0.8584		0.8490		0.8391		0.8286		0.8176		0.8062		0.7940		0.7815		0.7685		0.7550		0.7409		0.7263		0.7111		0.6957
	27		0.8845		0.8766		0.8682		0.8594		0.8499		0.8399		0.8295		0.8185		0.8071		0.7950		0.7825		0.7695		0.7559		0.7418		0.7273		0.7121		0.6966
	28		0.8854		0.8776		0.8691		0.8603		0.8508		0.8409		0.8305		0.8195		0.8080		0.7960		0.7835		0.7704		0.7569		0.7428		0.7282		0.7130		0.6975
	29		0.8864		0.8785		0.8702		0.8613		0.8519		0.8420		0.8316		0.8205		0.8091		0.7970		0.7845		0.7715		0.7580		0.7439		0.7293		0.7141		0.6986
	30		0.8874		0.8796		0.8712		0.8624		0.8529		0.8430		0.8327		0.8217		0.8102		0.7982		0.7857		0.7726		0.7591		0.7450		0.7304		0.7152		0.6997
	31		0.8885		0.8807		0.8723		0.8635		0.8541		0.8442		0.8338		0.8228		0.8114		0.7994		0.7869		0.7739		0.7603		0.7462		0.7316		0.7165		0.7010
	32		0.8896		0.8818		0.8735		0.8647		0.8553		0.8454		0.8351		0.8241		0.8126		0.8007		0.7881		0.7751		0.7616		0.7475		0.7329		0.7177		0.7023
	33		0.8908		0.8830		0.8747		0.8660		0.8566		0.8467		0.8364		0.8254		0.8140		0.8020		0.7895		0.7765		0.7629		0.7489		0.7343		0.7191		0.7036
	34		0.8921		0.8844		0.8761		0.8673		0.8580		0.8481		0.8377		0.8268		0.8154		0.8034		0.7909		0.7779		0.7644		0.7503		0.7357		0.7205		0.7050
	35		0.8934		0.8857		0.8774		0.8687		0.8594		0.8495		0.8392		0.8283		0.8169		0.8049		0.7925		0.7795		0.7659		0.7519		0.7373		0.7221		0.7066
	36		0.8949		0.8871		0.8789		0.8701		0.8609		0.8511		0.8407		0.8299		0.8185		0.8065		0.7941		0.7811		0.7676		0.7535		0.7389		0.7238		0.7082
	37		0.8963		0.8886		0.8804		0.8717		0.8624		0.8527		0.8424		0.8315		0.8201		0.8082		0.7957		0.7828		0.7693		0.7553		0.7406		0.7254		0.7099
	38		0.8979		0.8902		0.8820		0.8734		0.8642		0.8544		0.8441		0.8332		0.8219		0.8099		0.7975		0.7846		0.7711		0.7571		0.7425		0.7273		0.7118
	39		0.8995		0.8918		0.8837		0.8751		0.8659		0.8562		0.8459		0.8351		0.8238		0.8119		0.7994		0.7865		0.7731		0.7590		0.7444		0.7292		0.7137
	40		0.9011		0.8936		0.8855		0.8768		0.8677		0.8580		0.8479		0.8371		0.8257		0.8138		0.8014		0.7885		0.7751		0.7611		0.7465		0.7313		0.7158
	41		0.9029		0.8954		0.8873		0.8788		0.8697		0.8600		0.8498		0.8391		0.8278		0.8159		0.8036		0.7907		0.7773		0.7633		0.7487		0.7336		0.7180
	42		0.9047		0.8972		0.8893		0.8807		0.8717		0.8621		0.8520		0.8412		0.8300		0.8182		0.8058		0.7930		0.7796		0.7656		0.7510		0.7359		0.7204
	43		0.9067		0.8992		0.8913		0.8828		0.8738		0.8642		0.8542		0.8435		0.8323		0.8205		0.8082		0.7953		0.7820		0.7680		0.7535		0.7383		0.7229
	44		0.9086		0.9012		0.8934		0.8850		0.8760		0.8665		0.8565		0.8459		0.8347		0.8230		0.8107		0.7979		0.7845		0.7705		0.7560		0.7410		0.7254
	45		0.9106		0.9033		0.8955		0.8872		0.8783		0.8689		0.8589		0.8483		0.8372		0.8255		0.8133		0.8005		0.7872		0.7733		0.7588		0.7437		0.7282
	46		0.9127		0.9055		0.8978		0.8896		0.8807		0.8714		0.8614		0.8509		0.8399		0.8282		0.8161		0.8033		0.7900		0.7761		0.7616		0.7466		0.7311
	47		0.9149		0.9078		0.9001		0.8920		0.8832		0.8739		0.8641		0.8536		0.8426		0.8310		0.8188		0.8062		0.7930		0.7791		0.7647		0.7496		0.7341
	48		0.9172		0.9101		0.9025		0.8945		0.8858		0.8765		0.8668		0.8564		0.8455		0.8340		0.8219		0.8093		0.7961		0.7822		0.7678		0.7528		0.7374
	49		0.9195		0.9125		0.9050		0.8970		0.8885		0.8793		0.8696		0.8593		0.8485		0.8370		0.8250		0.8124		0.7993		0.7855		0.7711		0.7561		0.7407
	50		0.9218		0.9150		0.9076		0.8997		0.8912		0.8822		0.8726		0.8623		0.8516		0.8402		0.8283		0.8157		0.8027		0.7889		0.7747		0.7597		0.7443
	51		0.9242		0.9174		0.9102		0.9025		0.8941		0.8851		0.8756		0.8655		0.8548		0.8435		0.8317		0.8192		0.8062		0.7925		0.7783		0.7634		0.7481
	52		0.9266		0.9200		0.9129		0.9053		0.8970		0.8881		0.8788		0.8688		0.8582		0.8470		0.8353		0.8229		0.8099		0.7963		0.7821		0.7672		0.7520
	53		0.9291		0.9227		0.9156		0.9081		0.9000		0.8913		0.8820		0.8721		0.8617		0.8506		0.8389		0.8267		0.8138		0.8002		0.7861		0.7713		0.7561
	54		0.9317		0.9254		0.9185		0.9111		0.9031		0.8945		0.8854		0.8756		0.8653		0.8543		0.8428		0.8306		0.8178		0.8044		0.7903		0.7756		0.7604
	55		0.9343		0.9281		0.9213		0.9141		0.9062		0.8978		0.8888		0.8792		0.8691		0.8582		0.8467		0.8347		0.8221		0.8087		0.7947		0.7801		0.7650

132

APPENDICES

Sub appendix A. 3

Table D

50% Joint and Survivor Without Pop-Up

CEI Participants

Age of Pensioner

		59		60		61		62		63		64		65		66		67		68		69		70		71		72		73		74		75
	56		0.9368		0.9309		0.9242		0.9172		0.9095		0.9012		0.8924		0.8829		0.8729		0.8621		0.8508		0.8390		0.8264		0.8132		0.7993		0.7847		0.7698
	57		0.9394		0.9336		0.9272		0.9203		0.9128		0.9047		0.8960		0.8867		0.8769		0.8662		0.8551		0.8434		0.8310		0.8179		0.8041		0.7896		0.7747
	58		0.9421		0.9364		0.9302		0.9235		0.9162		0.9083		0.8998		0.8906		0.8810		0.8705		0.8595		0.8480		0.8356		0.8227		0.8091		0.7947		0.7799
	59		0.9448		0.9393		0.9332		0.9267		0.9196		0.9118		0.9035		0.8946		0.8851		0.8749		0.8641		0.8526		0.8405		0.8278		0.8142		0.8000		0.7854
	60		0.9474		0.9420		0.9362		0.9299		0.9230		0.9154		0.9074		0.8986		0.8894		0.8793		0.8687		0.8575		0.8456		0.8329		0.8196		0.8056		0.7910
	61		0.9500		0.9449		0.9393		0.9331		0.9264		0.9192		0.9113		0.9028		0.8937		0.8839		0.8735		0.8625		0.8508		0.8383		0.8252		0.8113		0.7969
	62		0.9526		0.9477		0.9423		0.9364		0.9299		0.9228		0.9152		0.9069		0.8981		0.8885		0.8784		0.8676		0.8561		0.8439		0.8309		0.8172		0.8030
	63		0.9553		0.9505		0.9453		0.9396		0.9334		0.9265		0.9192		0.9111		0.9026		0.8932		0.8833		0.8727		0.8615		0.8495		0.8368		0.8233		0.8093
	64		0.9577		0.9532		0.9483		0.9429		0.9368		0.9302		0.9231		0.9153		0.9070		0.8979		0.8883		0.8780		0.8670		0.8553		0.8428		0.8295		0.8158
	65		0.9602		0.9559		0.9512		0.9460		0.9402		0.9339		0.9271		0.9196		0.9115		0.9027		0.8934		0.8833		0.8726		0.8611		0.8489		0.8359		0.8224
	66		0.9627		0.9586		0.9541		0.9491		0.9436		0.9376		0.9310		0.9238		0.9159		0.9075		0.8984		0.8887		0.8783		0.8671		0.8551		0.8425		0.8291
	67		0.9651		0.9612		0.9569		0.9522		0.9469		0.9411		0.9348		0.9279		0.9204		0.9122		0.9035		0.8940		0.8839		0.8731		0.8614		0.8490		0.8360
	68		0.9674		0.9637		0.9596		0.9552		0.9502		0.9447		0.9386		0.9320		0.9248		0.9169		0.9085		0.8994		0.8896		0.8790		0.8678		0.8557		0.8429
	69		0.9696		0.9661		0.9623		0.9581		0.9534		0.9481		0.9424		0.9360		0.9291		0.9216		0.9135		0.9047		0.8953		0.8851		0.8741		0.8623		0.8500
	70		0.9717		0.9685		0.9648		0.9609		0.9564		0.9514		0.9460		0.9400		0.9334		0.9262		0.9185		0.9100		0.9009		0.8911		0.8804		0.8690		0.8570
	71		0.9737		0.9708		0.9674		0.9636		0.9594		0.9547		0.9496		0.9438		0.9376		0.9307		0.9233		0.9153		0.9065		0.8971		0.8869		0.8758		0.8641
	72		0.9757		0.9729		0.9697		0.9662		0.9622		0.9578		0.9530		0.9476		0.9417		0.9351		0.9280		0.9204		0.9120		0.9029		0.8931		0.8825		0.8712
	73		0.9776		0.9750		0.9720		0.9687		0.9650		0.9608		0.9563		0.9512		0.9456		0.9395		0.9327		0.9254		0.9174		0.9087		0.8993		0.8890		0.8782
	74		0.9794		0.9769		0.9742		0.9711		0.9677		0.9638		0.9595		0.9547		0.9494		0.9436		0.9372		0.9303		0.9227		0.9145		0.9054		0.8956		0.8852
	75		0.9811		0.9788		0.9763		0.9734		0.9701		0.9665		0.9626		0.9580		0.9531		0.9476		0.9416		0.9351		0.9279		0.9200		0.9114		0.9020		0.8920
	76		0.9826		0.9806		0.9782		0.9755		0.9726		0.9691		0.9654		0.9613		0.9566		0.9515		0.9459		0.9397		0.9329		0.9254		0.9172		0.9083		0.8988
	77		0.9841		0.9822		0.9800		0.9776		0.9748		0.9716		0.9682		0.9643		0.9600		0.9552		0.9498		0.9441		0.9377		0.9306		0.9228		0.9143		0.9053
	78		0.9854		0.9837		0.9817		0.9795		0.9769		0.9740		0.9708		0.9672		0.9632		0.9587		0.9537		0.9483		0.9422		0.9356		0.9283		0.9202		0.9116
	79		0.9868		0.9852		0.9833		0.9813		0.9789		0.9762		0.9732		0.9699		0.9662		0.9619		0.9573		0.9522		0.9466		0.9403		0.9335		0.9259		0.9178
	80		0.9880		0.9865		0.9848		0.9829		0.9808		0.9783		0.9755		0.9724		0.9690		0.9650		0.9608		0.9560		0.9508		0.9449		0.9384		0.9313		0.9236
	81		0.9891		0.9877		0.9861		0.9845		0.9824		0.9802		0.9777		0.9748		0.9717		0.9680		0.9640		0.9596		0.9547		0.9493		0.9432		0.9365		0.9292
	82		0.9901		0.9888		0.9875		0.9859		0.9841		0.9819		0.9796		0.9770		0.9741		0.9707		0.9671		0.9629		0.9584		0.9534		0.9477		0.9414		0.9346
	83		0.9910		0.9899		0.9886		0.9872		0.9855		0.9836		0.9816		0.9791		0.9764		0.9733		0.9699		0.9662		0.9619		0.9572		0.9519		0.9460		0.9397
	84		0.9918		0.9908		0.9896		0.9884		0.9869		0.9851		0.9833		0.9810		0.9786		0.9757		0.9726		0.9691		0.9652		0.9608		0.9560		0.9504		0.9445
	85		0.9927		0.9918		0.9907		0.9895		0.9882		0.9865		0.9848		0.9828		0.9806		0.9779		0.9750		0.9719		0.9683		0.9643		0.9597		0.9547		0.9492

133

APPENDICES

Sub appendix A-4

Domestic Partner Benefits Including a Pre-Retirement Domestic

Partner Survivor Annuity and a

Post-Retirement Domestic Partner Survivor Annuity Benefit

Charge for Pre-Retirement Survivor Annuity Coverage

Age Group	Charge Per Year of Coverage
<30		0.02	%
30-34		0.04	%
35-39		0.06	%
40-44		0.07	%
45-49		0.10	%
50-54		0.15	%
55-59		0.30	%
60-64		0.60	%
65-69		1.15	%

The factors per year of coverage shall be pro-rated for months of coverage in the established age ranges in a manner determined by the Plan Administrator.

Factors for Post-Retirement Survivor Annuity Benefit

The factors applicable to both CECONY Participants and CEI Participants are the factors labeled “Actuarial Factors Applicable to CEI Participants.” The factors applicable to O&R Participants are the updated O&R factors.

134

The Consolidated Edison Retirement Plan Part II (b)

THE

CONSOLIDATED

EDISON

RETIREMENT PLAN

Part II (b)

i

The Consolidated Edison Retirement Plan Part II (b)

Subject to the Following Amendments and Clarifications:

• Clarified on May 2, 2002;

• Amended December 13, 2001;

• Amended April 2003 In Accordance with IRS Issuance of Favorable Determination Letter;

• Amended August 2004 for 2004 Agreement Between Local Union 503 of the International Brotherhood of Electrical Workers, AFL0-CIO and O&R;

• Amended August 2004 for O&R Management Employees Changes Concurrent with O&R Hourly Employees;

• Amended August 2004 for the 2004-2008 Collective Bargaining Agreement Between Consolidated Edison Company of New York, Inc and Local 1-2 of the Utility Workers Union of America, AFL-CIO;

• Amended July 2004 to Update Factors - O&R Optional Forms;

• Amended and Restated November 2004 for Miscellaneous Changes;

• Amended September 2005 for the 2005-2009 Collective Bargaining Contract Between Consolidated Edison Company of New York, Inc. and Local Union No. 3 of the International Brotherhood of Electrical Workers, AFL-CIO;

• Amended November 2008 In Accordance with the September 23, 2008 IRS Favorable Determination Letter;

• Restated as of January 31, 2007 in Accordance with Revenue Procedure 2005-66 and Notice 2005-101;

ii

The Consolidated Edison Retirement Plan Part II (b)

• The January 2007 Restatement Reflects Changes Under EGTRRA, with Technical Corrections Made by the (i) Job Creation and Worker Assistance Act of 2002 (JCWAA), (ii) the Pension Funding Equity Act of 2004 (PFEA), and (iii) the American Jobs Creation Act of 2004 (AJCA);

• Amended December 2008 for (i) Domestic Partner Benefits, (ii) Accelerated Vesting for Cash Balance and (iii) 75% QJSA Option;

• Amended December 2008 for the 2008-2012 Collective Bargaining Contract Between Consolidated Edison Company of New York, Inc. and Local 1-2 of the Utility Workers Union of America, AFL-CIO;

• Amended December 2008 for a Special Pension Accrual for CECONY Management Employees;

• Amended in 2011 for Submission to the IRS for a Favorable Determination Letter Under Revenue Procedure 2011-6, Taking Into Account: (i) the Pension Protection Act of 2006 (PPA ‘06), (ii) the U.S. Troop Readiness, Veterans’ Care, Katrina Recovery, and Iraq Accountability Appropriations Act, 2007, (iii) the Heroes Earnings Assistance and Relief Tax Act of 2008 (HEART Act), (iv) the Worker, Retiree, and Employer Recovery Act of 2008 (WRERA), and (v) the Small Business Jobs Act of 2010 (SBJA).

iii

The Consolidated Edison Retirement Plan Part II (b)

APPENDICES in PART II (b)

TABLE OF CONTENT

APPENDIX A			1
APPENDIX B - Employers			2
	B.1	List of Participating Employers	2
APPENDIX C - Provisions Applicable to O&R Management Participants Transferred Directly to or Hired Directly by CECONY or a CEI Affiliate			5
	C.1	Scope of Appendix C	5
	C.2	Determination of Pension Allowance for Transferred O&R Management Participants	5
APPENDIX D - Provisions Applicable to Participants Employed at Facilities Purchased from Western Massachusetts Electric Company			9
	D.1	Effective Date and Scope of Appendix D	9
	D.2	WMECO Employees Hired on or after January 1, 2000	9
	D.3	Benefit Provisions Applicable to WMECO Employees Prior to January 1, 2000	9
APPENDIX E - Determination of Amounts Payable from 401(h) Account			11
	E.1	Amount Payable from 401(h) Account	11
	E.2	Time and Manner of Payment from 401(h) Account	13
APPENDIX F - Normal Retirement Benefit Formulas For CECONY Weekly Participants For CECONY Management Participants and For O&R Participants			14
	F.1	Benefit Formula for CECONY Weekly Participants	14
	F.2	Benefit Formula for CECONY Management Participant	17
	F.3	Benefit Formula for O&R Participant	20
APPENDIX G - Special Pension Adjustment			27
	G.1	Special Pension Adjustment	27

iv

The Consolidated Edison Retirement Plan Part II (b)

APPENDIX H - Provisions Applicable to CECONY Participants at Fossil-Fueled Divested Operations			28
	H.1	Effective Date and Scope of Appendix H	28
	H.2	Treatment of CECONY Participants at Divested Operations	28
APPENDIX I - Provisions Applicable to O&R Participants Under O&R’s Pension Protection Program			1
	I.1	Definitions The following words and phrases as used in this Appendix I shall have the meaning indicated below:	1
	I.2	Protections under the Program	3
	I.3	Limitations of the Program and Special Rules	6
APPENDIX J - Provisions Applicable to Affected Indian Point (“IP”) Employees			20
	J.1	Effective Date and Scope of Appendix J	20
	J.2	Treatment of Affected IP Employee	20
APPENDIX K - Provisions Applicable to CECONY Support Employee re Voluntary Retirement Incentive—Support Organizations Program			22
	K.1	Effective Date and Scope of Appendix K	22
	K.2	CECONY Support Employees	22
	K.3	Eligibility Criteria	22
	K.4	Retirement under Voluntary Retirement Incentive – Support Organizations Program	23
	K.5	Special Retirement Benefits under Voluntary Retirement Incentive - Support Organizations	23
	K.6	Treatment of Certain Employees Retiring after March 31, 1999 but prior to August 1, 1999	27
	K.7	Voluntary Nature of Retirement Incentive; Acceptance and Release No Employee shall be obligated to accept any retirement incentive, and an Employee’s election to accept the retirement incentive described in this Appendix K shall be purely voluntary. As a condition to an Employee’s receipt of the additional benefits described in this Appendix K, CECONY shall have the right to obtain from the Employee a waiver and or release of claims against CECONY and/or the Plan, based upon or arising out of termination of employment, consistent with the requirements of the federal Age Discrimination in Employment Act, as amended by the Older Workers Benefit Protection Act	28

v

The Consolidated Edison Retirement Plan Part II (b)

	K.8	Support Departments for Purposes of Appendix K For purposes of this Appendix K, the following departments shall be deemed to have provided support to the Divestiture Operation: Central Services; Finance; Law; Central Public Affairs; Energy Management; and Fossil Power Engineering, Construction and Support	28
APPENDIX L			29
APPENDIX M Provisions Applicable to Participants Employed at the Lakewood Plant			35
	M.1	Effective Date and Scope of Appendix M	35
	M.2	Lakewood Participants	35
	M.3	Benefit Provisions Applicable to Lakewood Participants as of June 1, 2000	35
APPENDIX N List of Annual Incentive Plans Approved By the Plan Administrator

vi

The Consolidated Edison Retirement Plan Part II (b)

Name of Appendix
Appendix B	Employers	B-1
Appendix C	Provisions Applicable to O&R Participants Transferred to or Hired by CECONY or a CEI Affiliate	C-1 to C-4
Appendix D	Provisions Applicable to Participants Employed at Facilities Purchased From Western Massachusetts Electric Company	D-1 to D-2
Appendix E	Determination of Amounts Payable from 401(h) Account	E-1-E-2
Appendix F	Normal Retirement Benefit	F-
Appendix G	Special Pension Adjustment	G
Appendix H	Provisions Applicable to CECONY Participants at Fossil-Fueled Divested Operations	H-1 to H-2
Appendix I	Provisions Applicable to O&R Participants under O&R Pension Protection Program	I-1 to I-14
Appendix J	Provisions Applicable to Affected Indian Point (IP Employees	J-1 to J-2
Appendix K	Provision Applicable to Voluntary Retirement Incentive – Support	K-1 to K-7
Appendix L	Sample Illustrations of O&R PBA	L-1 to L-3
Appendix M	Provisions Applicable to Participants Employed at the Lakewood Plant	M-1
Appendix N	List of the Annual Incentive Plans of the Competitive Energy Businesses that have been Approved by the Plan Administrator	N-1

vii

The Consolidated Edison Retirement Plan Part II (b)

APPENDIX A

See Appendices Part II (a)

1

The Consolidated Edison Retirement Plan Part II (b)

APPENDIX B

Employers

B.1 List of Participating Employers

The following sets forth (a) the Affiliates, other than CECONY, that are Employers, (b) the effective date of each Employer’s participation; and (c) if applicable, which Employees are either newly covered Participants or continue their participation in the Plan. The list of Employers is subject to change from time to time. Effective January 1, 2007, CEI Participants who began employment at CECONY or O&R and who are transferred directly to an Affiliate will retain their participation status as CEI Participants at the Affiliates. Effective as of October 2004, the Board of Trustees has approved the participation of the Affiliates who are Affiliates as of that date.

Name of Company	Effective Date of Participation	Eligible Employees	Effective Date of Termination
Consolidated Edison Development, Inc.	May 1, 1996	CECONY Transferred Participants

2

The Consolidated Edison Retirement Plan Part II (b)

Name of Company	Effective Date of Participation	Eligible Employees	Effective Date of Termination
Consolidated Edison Development, Inc.	May 1, 1996	CECONY Transferred Participants
Consolidated Edison Solutions, Inc.	June 1, 2000	Lakewood Participants	Lakewood was sold to an unrelated third party and not a member of the CEI Controlled Group as of May 2008. All benefit accruals and credits ceased as of the sale date. (May 7, 2008)
Consolidated Edison Solutions, Inc.	May 1, 1997	CECONY Transferred Participants
Consolidated Edison Communications, Inc.	February 1, 1999	CECONY Transferred Participants	March 1, 2006
Consolidated Edison Energy, Inc.	March 1, 1998	CECONY Transferred Participants
Orange and Rockland Utilities, Inc.	July, 1999	Transferred O&R Management Participants
	January 1, 2001	O&R Management Participants, O&R Hourly Participants, CEI Participants

3

The Consolidated Edison Retirement Plan Part II (b)

Name of Company	Effective Date of Participation	Eligible Employees	Effective Date of Termination
Consolidated Edison Energy Massachusetts, Inc.	July 18, 1999	Employees who were employed by WMECO at the WMECO Facilities, who became CEEM Employees upon the acquisition of the WMECO Facilities by CEEM and any Employee hired by CEEM after July, 1999 to work at the WMECO Facilities.	WMECO was sold to an unrelated third party and not a member of the CEI Controlled Group as of May 2008. All benefit accruals and credits ceased as of the sale date.
Competitive Shared Services, Inc.	January 1, 2004	Only CECONY Transferred Participants, Transferred O&R Management Participants and CEI Participants

4

The Consolidated Edison Retirement Plan Part II (b)

APPENDIX C

Provisions Applicable to O&R Management Participants

Transferred Directly to or Hired Directly by

CECONY or a CEI Affiliate

C.1 Scope of Appendix C

The Pension Allowance payable to an Employee who (i) transfers directly, without a break in employment, from O&R after O&R became an Affiliate or (ii) is hired by CECONY or a CEI Affiliate on or after O&R became an Affiliate and in all cases had been first an O&R Management Participant (“Transferred O&R Management Participant”) shall be determined in accordance with the provisions of this Appendix C.

C.2 Determination of Pension Allowance for Transferred O&R Management Participants

(a) CECONY Post-Transfer Benefit The Pension Allowance payable to a Transferred O&R Management Participant, or to the Surviving Spouse of a Transferred O&R Participant, shall be determined initially in accordance with the pension formula applicable to a CECONY Management Participant set forth in Appendix F, Section F.2. For the purpose of that benefit determination: (1) the Transferred O&R Management Participant’s Vesting Service shall be determined as if O&R had, at all times, been an Affiliate; (2) the Transferred O&R Management Participant’s number of Years of Accredited Service applicable in the CECONY Management Participant’s formula shall be determined by disregarding all periods of employment with O&R prior to the date on

5

The Consolidated Edison Retirement Plan Part II (b)

which he or she became a Transferred O&R Management Participant; and (3) for the purpose of determining the applicability of the percentage multipliers specified in the CECONY Management Participant formula in Appendix F, Sections F.2(A)(a)(i),(ii),(iii), and (iv), and for the purpose of determining his or her eligibility for, but not the amount of, early retirement benefits in accordance with the CECONY Management Participant formula, his or her Accredited Service shall be determined by treating his or her employment with O&R as if it were employment as a CECONY Management Participant. Accredited Service as a Transferred O&R Management Participant, for purposes of this calculation, is not counted for the purpose of determining the amount of any early retirement benefits. No portion of the Pension Allowance determined in accordance with this subparagraph will be payable to the Transferred O&R Management Participant or to the Surviving Spouse of the Transferred O&R Management Participant, except to the extent provided in Section C.2(c).

(b) Frozen O&R Benefit The Pension Allowance payable to the Transferred O&R Management Participant, or to the Surviving Spouse of the Transferred O&R Participant, under the terms and formula of the O&R Plan or of the O&R Benefit Formula included in this Plan, whichever plan formula is applicable (the “O&R Formula”), as of the date of becoming a Transferred O&R Management Participant (“Transfer Date”), shall be determined as if the Transferred O&R Management Participant had terminated employment from O&R on the Transfer Date. The Transferred O&R Management Participant’s period of employment as a CECONY Management Participant shall be taken into account: (1) in determining whether his or

6

The Consolidated Edison Retirement Plan Part II (b)

her accrued benefit under the O&R Formula is non-forfeitable, (2) in determining his or her eligibility for early retirement under the O&R Formula, and (3) in determining whether and to what extent the benefit under the O&R Formula is subject to reduction for commencement prior to Normal Retirement Age.

(c) O&R All Service Benefit The amount payable to the Transferred O&R Participant, or to the Surviving Spouse of the Transferred O&R Management Participant, will be determined under the terms of the O&R Plan or the formula for O&R Participants in Appendix F, Section F3, whichever is applicable, determined as if the Transferred O&R Management Participant had remained an O&R Management Participant throughout the period that he or she was a CECONY Management Participant.

(d) The Transferred O&R Management Participant’s Pension Allowance shall be the greater of (1) the CECONY Post Transfer Benefit, plus the Frozen O&R Benefit, or (2) the O&R All Service Benefit.

(e) For the purpose of determining the CECONY Post Transfer Benefit, the Frozen O&R Benefit and the O&R All Service Benefit, each benefit shall be expressed as an annuity for the life of the Transferred O&R Management Participant, or the Surviving Spouse of the Transferred O&R Management Participant, as applicable, commencing on the later of (i) the first day of the month following the Transferred O&R Management Participant’s termination of employment, or (ii) the first date on which annuity payments to the Transferred O&R Participant, or the Surviving Spouse of the Transferred O&R Management Participant, as applicable, are payable in accordance with the terms of the O&R Management Participant formula in Appendix F, Section F.3.

7

The Consolidated Edison Retirement Plan Part II (b)

(f) A Transferred O&R Management Participant may elect an optional form of benefit as provided under Section 5.02 available to CECONY Participants for any benefits payable determined in accordance with Section C.2(a) and available to an O&R Participant for any benefits payable determined in accordance with Sections C.2(b) or C.2(c).

(g) A Transferred O&R Management Participant shall receive the cost of living adjustment applicable to CECONY Participants under Article XI of the Plan with respect to any benefits payable determined in accordance with Section C.2 (a) of this Appendix C, and the cost of living adjustment applicable to O&R Participants under Article XI of the Plan with respect to any benefits payable determined in accordance with Sections C.2(b) or C.2(c) of this Appendix C.

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The Consolidated Edison Retirement Plan Part II (b)

APPENDIX D

Provisions Applicable to Participants Employed at

Facilities Purchased from

Western Massachusetts Electric Company

D.1 Effective Date and Scope of Appendix D

This Appendix D shall be effective as of July 18, 1999, the closing date of the acquisition of the electric power generation facilities of Western Massachusetts Electric Company (“WMECO Facilities”) by Consolidated Edison Energy Massachusetts, Inc. (“CEEMI”). CEEMI had been a wholly-owned subsidiary of Consolidated Edison Energy, Inc., which itself is an Affiliate of the Company. CEEMI is now a wholly-owned subsidiary of Consolidated Edison Development, Inc., which is also an Affiliate of the Company.

D.2 WMECO Employees Hired on or after January 1, 2000

For purposes of this Appendix D, the term “WMECO Employee” means an Eligible Employee who is employed at the WMECO Facilities. A WMECO Employee hired on or after January 1, 2000, shall be a CEI Participant, and shall receive the benefit determined under the formula for a CEI Participant set forth in Article IV of the Plan.

D.3 Benefit Provisions Applicable to WMECO Employees Prior to January 1, 2000

Notwithstanding any provision to the contrary, the benefits payable to a WMECO Employee who was employed at the WMECO Facilities prior to January 1, 2000 (“WMECO Participant”) shall be determined solely in accordance with the terms of this

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The Consolidated Edison Retirement Plan Part II (b)

Appendix D. The Pension Allowance payable from the Plan to a WMECO Participant shall be equal to the excess of (i) an amount determined in accordance with the provisions of the Northeast Utilities Service Company Retirement Plan, as in effect on July 18, 1999, (“NU Plan”) determined as if the WMECO Participant had remained a participant in the NU Plan until his or her termination of employment from an Employer, over (ii) the amount actually payable to such WMECO Participant from the NU Plan, determined by taking into account his or her termination from employment as of July 18, 1999 and as if he or she elected to commence receipt of his or her Pension Allowance on the same Annuity Starting Date as the date benefits commence under the NU Plan. Each WMECO Participant shall be 100% vested in and have a non-forfeitable right to his or her Pension Allowance.

D.4 Termination of participation of WMECO Employees

In May 2008, as a result of a corporate transaction that resulted in the spin off and sale of the Western Massachusetts Electric Company to an unrelated third party, each WMECO Participant’s participation in the Retirement Plan was terminated.

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The Consolidated Edison Retirement Plan Part II (b)

APPENDIX E

Determination of Amounts Payable from 401(h) Account

E.1 Amount Payable from 401(h) Account

Pursuant to Section 12.06, payment shall be made from the 401(h) Account to provide benefits under the Retiree Health Plan for eligible CECONY Management Participants, CECONY Transferred Participants, and CEI Participants employed by CECONY (“CECONY Management Retiree Health Participants”) and their covered dependents and for eligible CECONY Weekly Participants (“CECONY Weekly Retiree Health Participants”) and their covered dependents. The CECONY Management Retiree Health Participants and the CECONY Weekly Retiree Health Participants shall be referred to hereinafter as the “CECONY Retiree Health Participants”. In any Plan Year, the 401(h) Account will pay benefits for CECONY Management Retiree Health Participants if and only to the extent that the total amount payable for such benefits exceeds the sum of (i) the amount of contributions required from the CECONY Management Retiree Health Participants for such Plan Year, plus (ii) the product of $3,000 times the number of CECONY Management Retiree Health Participants determined as of the beginning of such Plan Year.

In any Plan Year, the 401(h) Account will pay benefits for CECONY Weekly Retiree Health Participants, if and only to the extent that the total amount payable for such benefits exceeds the sum of (i) the amount of contributions required from the CECONY Weekly Retiree Health Participants for such Plan Year, plus (ii) the product of $4,000 times the number of CECONY Weekly Retiree Health Participants determined as of the beginning of such Plan Year.

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The Consolidated Edison Retirement Plan Part II (b)

For the purpose of the foregoing sentences, the term “Retiree Health Participant” shall not mean a “key employee”, within the meaning of Code Section 416(i). The term “CECONY Retiree Health Participant” includes the spouse of such a CECONY Retiree Health Participant, provided that such spouse is eligible for benefits under the Retiree Health Plan, and the Surviving Spouse of such a CECONY Retiree Health Participant, provided that such Surviving Spouse is eligible for benefits under the Retiree Health Plan.

Effective January 1, 2007, retiree health benefits for CECONY Management Retiree Health Participants are first paid out of the VEBA Trust. To the extent retiree benefits payable to CECONY Management Retiree Health Participants exceed the amount available for benefits from the VEBA Trust, covered retiree health benefits will be paid out of the 401(h) account. Effective as of January 1, 2007, the 401(h) Account will pay benefits for CECONY Weekly Retiree Health Participants, if and only to the extent that the total amount payable for such benefits exceeds the sum of (i) the amount of contributions required from the CECONY Weekly Retiree Health Participants for such Plan Year, plus (ii) the product of $5,000 times the number of CECONY Weekly Retiree Health Participants determined as of the beginning of such Plan Year.

In accordance with Code Section 401(h), the Plan’s investments in the 401(h) account may not be used for, or diverted to, any purpose other than providing health benefits for retirees and their beneficiaries.

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The Consolidated Edison Retirement Plan Part II (b)

E.2 Time and Manner of Payment from 401(h) Account

All payments made from the 401(h) Account to provide benefits under the Retiree Health Plan shall be made at the time and in the manner directed by the Plan Administrator.

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The Consolidated Edison Retirement Plan Part II (b)

APPENDIX F

Normal Retirement Benefit Formulas For CECONY Weekly Participants,

CECONY Management Participants and O&R Participants

F.1 Benefit Formula for CECONY Weekly Participants

A. Normal Retirement Benefit for a CECONY Weekly Participant (member of Local 1-2 and member of Local 3)

(a) The annual normal retirement Pension Allowance payable upon retirement on or after Normal Retirement Date to a CECONY Weekly Participant whose employment with the Company or an Affiliate commenced on or after January 1, 1990 shall be equal to the sum of (i), (ii) and (iii):

(i) 1.5% of the Participant’s Final Average Pay multiplied by his or her Years of Accredited Service not in excess of 24;

(ii) 2.0% of such Final Average Pay multiplied by his or her Years of Accredited Service in excess of 24 but not in excess of 30;

(iii) 0.5% of such Final Average Pay multiplied by his or her Years of Accredited Service in excess of 30 years.

Solely for determining Years of Accredited Service in Sections F.1.A. (a) (i), (ii) and (iii), above, periods of less than 12 months shall be a prorated part of a Year of Accredited Service.

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The Consolidated Edison Retirement Plan Part II (b)

(b) The annual normal retirement Pension Allowance payable upon retirement on or after Normal Retirement Date to a CECONY Weekly Participant who (i) terminated employment from CECONY during the month of June 1989; (ii) was in the employ of CECONY at any time during the period from July 1, 1989 through December 31, 1989; or (iii) terminated employment from CECONY with a right to a vested Pension Allowance prior to July 1, 1989 and is re-employed and repays any Cash Out shall be equal to the greater of (i) or (ii):

(i) the Pension Allowance determined under F.1.A.(a) above or;

(ii) the Pension Allowance determined by computing 2.2% of Total Salary and increasing the result by 0.125% for each calendar month of Accredited Service in excess of 30 years.

(c) There is a special benefit that applies only to each CECONY Weekly Employee who is a member of Local 1-2 (“Local 1-2 Participant”) and actively employed on and after July 1, 2008. If the Local 1-2 Participant meets certain age and service requirements during a one-time designated time period (“Designated Period”), she or he will earn an additional one-time accrual (“Special Accrual”) during the Designated Period The Special Accrual applies only to the Final Average Pay formula in F.1.A.(a) above and not to the Total Compensation or Total Pay Formula.

(i) Each actively employed Local 1-2 Participant who, at any time before or during the “Designated Period,” attained or attains age 55 and is credited with 30 years of Accredited Service (“Age and Service Requirement”) will earn an additional accrual (“Special Accrual”) for each month of

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The Consolidated Edison Retirement Plan Part II (b)

Accredited Service earned during the Designated Period. The Local 1-2 Participant begins accruing a Special Accrual beginning in the month in which she or he meets the Age and Service Requirement during the Designated Period.

(ii) The Designated Period begins on July 1, 2008, and permanently ends on June 30, 2012.

(iii) The Special Accrual is an additional pension accrual equal to 0.5% multiplied by his/her Accredited Service earned in the Designated Period multiplied by his or her Final Average Pay in the Designated Period.

(iv) The Special Accrual is added to the normal pension accruals under the Final Average Pay formula that the Local 1-2 Participant will receive during the Designated Period. The Special Accrual is frozen at the end of the Designated Period. This means that even if the Local 1-2 Participant remains actively employed following the end of the Designated Period and his or her Annual Compensation increases after the Designated Period and the increased Annual Compensation is used to calculate his or her final Pension Allowance, the Special Accrual does not increase. The Special Accrual will not take into account his or her subsequent increase in Annual Compensation following the Designated Period.

(v) The Special Accrual applies only for Accredited Service in the Designated Period during which the Local 1-2 Participant meets the Age and Service Requirement. The Special Accrual applies prospectively and there is no

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The Consolidated Edison Retirement Plan Part II (b)

“past service adjustment.” This means that a Local 1-2 Participant who had attained age 55 and had more than 30 years of Accredited Service on the first month of the Designated Period does not get past service credit for any years of Accredited Service over 30 years. He or she is only entitled to the Special Accrual for his or her Accredited Service earned during the Designated Period.

F.2 Benefit Formula for CECONY Management Participant

A. Normal Retirement Benefit for CECONY Management Participant

(a) The annual normal retirement Pension Allowance payable upon retirement on or after Normal Retirement Date to a CECONY Management Participant whose employment with CECONY commenced on or after January 1, 1990 and prior to January 1, 2001 or to any such CECONY Management Participant who was employed prior to January 1, 2001, and terminated with a vested Pension Allowance, is re-employed and repays, if applicable, his or her Cash Out shall be equal to the sum of (i), (ii), (iii), and (iv):

(i) 1.5% of the CECONY Management Participant’s Final Average Salary multiplied by his or her Years of Accredited Service not in excess of 24;

(ii) 2.0% of such Final Average Salary multiplied by his or her Years of Accredited Service in excess of 24 but not in excess of 30;

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The Consolidated Edison Retirement Plan Part II (b)

(iii) 0.35% of such Final Average Salary in excess of the Social Security Taxable Wage Base multiplied by his or her Years of Accredited Service not in excess of 30; and

(iv) 0.5% of such Final Average Salary multiplied by his or her Years of Accredited Service in excess of 30 years.

Solely for determining Years of Accredited Service in subsections (a) (i), (ii), (iii) and (iv), above periods of less than 12 months shall be a prorated part of a Year of Accredited Service.

(b) The annual normal retirement Pension Allowance payable upon retirement on or after Normal Retirement Date to a CECONY Management Participant, whose employment with the Employer commenced prior to January 1, 1983 and who was on the Employer’s active payroll during 1989, or who terminated employment with a right to a vested Pension Allowance prior to December 31, 1982 and was thereafter re-employed and repaid any Cash Out received shall be equal to the greater of (i) or (ii):

(i) the Pension Allowance determined under F.2.A.(a) above;

(ii) the benefit determined by computing 2.2% of Total Salary and increasing the result by 0.125% for each calendar month of Accredited Service in excess of 30 years.

(c) There is a special benefit that applies only to each CECONY Management Participant who is actively employed on and after December 1, 2008. If the CECONY Management Participant meets certain age and service requirements during a one-time designated time period (“Designated Period”), she or he will earn an additional one-time

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The Consolidated Edison Retirement Plan Part II (b)

accrual (“Special Accrual”) during the Designated Period The Special Accrual applies only to the Final Average Salary formula in F.2.A.(a) above and not to the Total Compensation formula.

(i) Each actively employed CECONY Management Participant who, at any time before or during the “Designated Period,” attained or attains age 55 and is credited with 30 years of Accredited Service (“Age and Service Requirement”) will earn an additional accrual (“Special Accrual”) for each month of Accredited Service earned during the Designated Period. The CECONY Management Participant begins accruing a Special Accrual beginning in the month in which she or he meets the Age and Service Requirement during the Designated Period.

(ii) The Designated Period begins on January 1, 2009, and permanently ends on June 30, 2012.

(iii) The Special Accrual is an additional pension accrual equal to 0.5% multiplied by his/her Accredited Service earned in the Designated Period multiplied by his or her Final Average Salary in the Designated Period.

(iv) The Special Accrual is added to the normal pension accruals under the Final Average Salary formula that the CECONY Management Participant will receive during the Designated Period. The Special Accrual is frozen at the end of the Designated Period. This means that even if the CECONY Management Participant remains actively employed following the end of the Designated Period and his or her Annual Compensation increases after

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The Consolidated Edison Retirement Plan Part II (b)

the Designated Period and the increased Annual Compensation is used to calculate his or her final Pension Allowance, the Special Accrual does not increase. The Special Accrual will not take into account his or her subsequent increase in Annual Compensation following the Designated Period.

(v) The Special Accrual applies only for Accredited Service in the Designated Period during which the CECONY Management Participant meets the Age and Service Requirement. The Special Accrual applies prospectively and there is no “past service adjustment.” This means that a CECONY Management Participant who had attained age 55 and had more than 30 years of Accredited Service on the first month of the Designated Period does not get past service credit for any years of Accredited Service over 30 years. He or she is only entitled to the Special Accrual for his or her Accredited Service earned during the Designated Period.

F.3 Benefit Formula for O&R Participant

A. Normal Retirement Benefit for O&R Participant

The annual normal retirement Pension Allowance payable upon retirement on or after the Normal Retirement Date to an O&R Participant shall be as follows.

(a) For an O&R Participant who retires on or after July 1, 1997 and on or before January 1, 2001:

(i) Calculation of “future service”: 2% of O&R Participant’s Annual Compensation received during his or her Accredited Service for each Year of Accredited Service after December 31, 1992, provided that the amount shall be computed as if Accredited Service had continued and he or she had received Annual Compensation at the rate being paid to him or her immediately prior to retirement for an additional two (2) years after retirement, plus

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The Consolidated Edison Retirement Plan Part II (b)

(ii) Calculation of “past service”: (x) 1 ¹⁄₂% of O&R Participant’s Annual Compensation as of January 1, 1993, multiplied by (y) the number of Years of Accredited Service prior to January 1, 1993, but not less than

(iii) the Pension Allowance accrued up to January 1, 1993.

(b) For an O&R Participant who retires after January 1, 2001 and on or before January 1, 2003:

(i) Calculation of “future service”: 2% of O&R Participant’s Annual Compensation received during his or her Accredited Service for each Year of Accredited Service after December 31, 1995, provided that the amount shall be computed as if Accredited Service had continued and he or she had received Annual Compensation at the rate being paid to him or her immediately prior to retirement for an additional two (2) years after retirement, plus

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The Consolidated Edison Retirement Plan Part II (b)

(ii) Calculation of “past service”: (x) 1 ¹⁄₂% of O&R Participant’s Annual Compensation as of January 1, 1996, multiplied by (y) the number of Years of Accredited Service prior to January 1, 1996, but not less than

(iii) the Pension Allowance accrued up to January 1, 1996.

(c) For an O&R Participant who retires after January 1, 2003 and on or before January 1, 2005:

(i) Calculation of “future service”: 2% of O&R Participant’s Annual Compensation received during his or her Accredited Service for each Year of Accredited Service after December 31, 1997, provided that the amount shall be computed as if Accredited Service had continued and he or she had received Annual Compensation at the rate being paid to him or her immediately prior to retirement for an additional two (2) years after retirement, plus

(ii) Calculation of “past service”: (x) 1 ¹⁄₂% of O&R Participant’s Annual Compensation as of January 1, 1998, multiplied by (y) the number of Years of Accredited Service prior to January 1, 1998, but not less than

(iii) the Pension Allowance accrued up to January 1, 1998.

(d) For an O&R Participant who retires after January 1, 2005 and on or before January 1, 2008:

(i) Calculation of “future service”: 2% of O&R Participant’s Annual Compensation received during his or her Accredited Service for each Year of Accredited Service after December 31, 1999, provided that the amount

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The Consolidated Edison Retirement Plan Part II (b)

shall be computed as if Accredited Service had continued and he or she had received Annual Compensation at the rate being paid to him or her immediately prior to retirement for an additional two (2) years after retirement, plus

(ii) Calculation of “past service”: (x) 1 ¹⁄₂% of O&R Participant’s Annual Compensation as of January 1, 2000, multiplied by (y) the number of Years of Accredited Service prior to January 1, 2000, but not less than

(iii) the Pension Allowance accrued up to January 1, 2000.

(e) For an O&R Participant who retires after January 1, 2008 and on or before January 1, 2011:

(i) Calculation of “future service”: 2% of O&R Participant’s Annual Compensation received during his or her Accredited Service for each Year of Accredited Service after December 31, 2002, provided that the amount shall be computed as if Accredited Service had continued and he or she had received Annual Compensation at the rate being paid to him or her immediately prior to retirement for an additional two (2) years after retirement, plus

(ii) Calculation of “past service”: (x) 1 ¹⁄₂% of O&R Participant’s Annual Compensation as of January 1, 2003, multiplied by (y) the number of Years of Accredited Service prior to January 1, 2003, but not less than

(iii) the Pension Allowance accrued up to January 1, 2003.

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The Consolidated Edison Retirement Plan Part II (b)

(f) For an O&R Participant who retires on or after January 1, 2011 and, only for an O&R Hourly Participant who retires on or before January 1, 2014:

(i) Calculation of “future service”: 2% of O&R Participant’s Annual Compensation received during his or her Accredited Service for each Year of Accredited Service after December 31, 2005, provided that the amount shall be computed as if Accredited Service had continued and he or she had received Annual Compensation at the rate being paid to him or her immediately prior to retirement for an additional two (2) years after retirement, plus

(ii) Calculation of “past service”: (x) 1 ¹⁄₂% of O&R Participant’s Annual Compensation as of January 1, 2006, multiplied by (y) the number of Years of Accredited Service prior to January 1, 2006, but not less than

(iii) the Pension Allowance accrued up to January 1, 2006.

(g) For an O&R Hourly Participant who retires on and after January 1, 2014:

(i) Calculation of “future service”: 2% of O&R Hourly Participant’s Annual Compensation received during his or her Accredited Service for each Year of Accredited Service after December 31, 2008, provided that the amount shall be computed as if Accredited Service had continued and he or she had received Annual Compensation at the rate being paid to him or her immediately prior to retirement for an additional two (2) years after retirement, plus

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The Consolidated Edison Retirement Plan Part II (b)

(ii) Calculation of “past service”: (x) 1 ¹⁄₂% of O&R Hourly Participant’s Annual Compensation as of January 1, 2009, multiplied by (y) the number of Years of Accredited Service prior to January 1, 2009, but not less than

(iii) the Pension Allowance accrued up to January 1, 2009.

(h) Solely for purposes of calculating the “future service” benefit of an O&R Participant, Annual Compensation means his or her actual Compensation and does not mean his or her annual rate of compensation.

(i) If greater than the Pension Allowance determined in (a) to (c) above, the Pension Allowance of the O&R Participant will be determined pursuant to Code Section 411 (c)(2)(B) based solely upon the Participant’s Accumulated Contributions.

(j) The Pension Allowance of an employee of the former Orange and Rockland Electric Company who became an O&R Participant as of January 1, 1963 shall be the same as if he or she had been employed at all times by O&R and had become an O&R Participant when first eligible for participation. There shall be deducted from his or her Pension Allowance amounts to which he or she is entitled under Annuity Contract No. 544 of The Equitable Life Assurance Society of the United States which is held by the Trustee in the Trust.

(k) The Pension Allowance of an employee of the former Rockland Gas Co., who became an O&R Participant as of June 30, 1969 shall be the same as if he or she had been employed at all times by O&R and had become an O&R Participant when first eligible for participation, provided that there shall be paid to him or her and deducted from his or her Pension Allowance amounts to which he or she is entitled under Annuity Contract No. 820 of the Equitable Life Assurance Society of the United States which is held by the Trustee in the Trust.

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The Consolidated Edison Retirement Plan Part II (b)

APPENDIX G

Special Pension Adjustment

G.1 Special Pension Adjustment

A. Effective April 1, 2001, there will be an increase of $50 per month (“Special Pension Adjustment”) in the monthly Pension Allowance payments to those, other than the Participants and Surviving Spouses excluded by reason of paragraph B below, CECONY Management Participants, CECONY Weekly Participants, and the Surviving Spouses of CECONY Management Participants and CECONY Weekly Participants whose Monthly Pension Allowance payment only as of, and in, March 2001 is equal to or less than $1,000 a month.

B. The Special Pension Allowance shall not be payable to a terminated vested CECONY Participant who is not a Rule of 75 Participant, a Surviving Spouse of a terminated vested CECONY Participant who is not a Rule of 75 Participant, an alternate payee, whether or not the alternate payee is in pay status, or to a non-spouse Beneficiary without regard to the fact that such person may otherwise satisfy the dollar amount.

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The Consolidated Edison Retirement Plan Part II (b)

APPENDIX H

Provisions Applicable to CECONY Participants at

Fossil-Fueled Divested Operations

H.1 Effective Date and Scope of Appendix H

This Appendix H shall be effective as of January 1, 1999 and shall be applied to the determination of benefits payable to CECONY Participants at Divested Operations. For the purpose of this Appendix H, the term “CECONY Participant at Divested Operations” shall mean a CECONY Participant who, as of the date of the divestiture (“Divestiture”), had been assigned to one of CECONY’s fossil fuel electricity generation facilities in New York City (“Divested Operations”), and who remained in the employ of the buyer, or successor thereto, of the Divested Operations (“Divestiture Buyer”) subsequent to CECONY’s Divestiture of such facilities in 1999.

H.2 Treatment of CECONY Participants at Divested Operations

(a) Solely for purposes of determining whether a CECONY Participant at Divested Operations is entitled to apply the favorable actuarial discount factors and early retirement subsidiaries available to a Rule of 75 Participant, the Accredited Service of a CECONY Participant at Divested Operations shall be determined by adding to his or her Accredited Service credited prior to the Divestiture his or her “Post Divestiture Service.” “Post Divestiture Service” means the period of employment with the Divestiture Buyer determined as if the Post Divestiture Service were employment with CECONY, including

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The Consolidated Edison Retirement Plan Part II (b)

the application of Section 3.02 to the Post Divestiture Service. No portion of any Post Divestiture Service shall be taken into account for benefit accrual or computation of the amount of such Employee’s benefit under the Plan. Post Divestiture Service shall not be taken into account for any period after a Participant’s Annuity Starting Date.

(b) A CECONY Participant at Divested Operations who had not earned a nonforfeitable right to one hundred percent (100%) of his or her accrued pension as of the day immediately prior to the Divestiture in accordance with the provisions of Section 4.05(a), shall nonetheless be fully and nonforfeitably vested in one hundred percent (100%) of his or her accrued pension, as of the date of the Divestiture.

(c) For purposes of determining the value of a Participant’s Surviving Spouse’s benefits, the Accredited Service of a CECONY Participant at Divested Operations shall be determined in accordance with the provisions of Section H(2)(a).

(d) For purposes of determining whether a CECONY Participant at Divested Operations has satisfied the conditions requisite for a Disability Pension Allowance under Section 4.06 of the Plan, the Accredited Service of a CECONY Participant at Divested Operations shall be determined by adding to his or her Accredited Service prior to the Divestiture of his or her Post Divestiture Service.

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The Consolidated Edison Retirement Plan Part II (b)

APPENDIX I

Provisions Applicable to O&R Participants

Under O&R’s Pension Protection Program

I.1 Definitions The following words and phrases as used in this Appendix I shall have the meaning indicated below:

(a) “Buyer” shall mean the entity which purchased the Electric Generating Assets, and any other entity which is aggregated with the Buyer under Code Sections 414(b), (c), (m), or (o).

(b) A Production Employee’s termination by the Buyer, O&R, or an affiliated company shall be for “Cause” if (i): he or she is convicted of a crime or engaged in an act of moral turpitude; (ii) he or she breaches any of his or her obligations under any employment agreement governing his or her employment; (iii) he or she is grossly negligent or engages in gross misconduct in the performance of his or her duties for the Buyer; (iv) he or she repeatedly fails to follow written policies or guidelines that have been expressly approved by the Buyer; (v) he or she is discharged as a result of poor or unsatisfactory performance for the Buyer; or (vi) where applicable, he or she breaches any of his or her fiduciary duties as an office or director of the Buyer.

(c) “Divestiture Date” means the effective date of the sale of the Electric Generating Assets.

(d) “Electric Generating Assets” means the electric generating assets of O&R allocated to O&R’s Electric Production Division.

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The Consolidated Edison Retirement Plan Part II (b)

(e) “50/10 Employee” means a Production Employee who (i) will have reached at least age 50 by the last day of the Plan Year in which the Divestiture Date occurs, and (ii) would have had at least 10 years of Vesting Service by the last day of the Plan Year in which the Divestiture Date occurs if his or her employment had continued with O&R until such last day. Notwithstanding the foregoing and except as otherwise provided in Section 3 (f) of this Appendix I, “Limitations of the Program and Special Rules”, a 50/10 Employee shall not include any Production Employee who declines an offer of employment from the Buyer for a position for which he or she had applied.

(f) “40/20 Employee” means a Production Employee who (i) will have reached at least age 40 by the last day of the Plan Year in which the Divestiture Date occurs, and (ii) would have had at least 20 years of Vesting Service by the last day of the Plan Year in which the Divestiture Date occurs if his or her employment had continued with O&R until such last day. Notwithstanding the foregoing and except as otherwise provided in Section 3.f. of this Appendix I, “Limitations of the Program and Special Rules,” a 40/20 Employee shall not include any Production Employee who declines an offer of employment from the Buyer for a position for which he or she had applied.

(g) “Production Employee” shall mean an O&R Employee, other than an O&R Employee who is covered by a collective bargaining agreement (unless included under the terms of a voluntary termination program in which he or she elects to participate and which provides for participation in the Program), who (i) as of the

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The Consolidated Edison Retirement Plan Part II (b)

Divestiture Date is an Employee of the Electric Production Division, and ceases to be employed by, and by action of, O&R, and its Affiliates as a result of the sale of the Electric Generating Assets; (ii) as of the Divestiture Date is not an Employee of the Electric Production Division but provides support to such division, and ceases to be employed on or before December 31, 1999 by, and by action of, O&R and its Affiliates for reasons other than Cause as a result of the sale of the Electric Generating Assets; or (iii) as of a date established under a voluntary termination program created by O&R in connection with the sale of the Electric Generating Assets, is not an Employee of the Electric Production Division but provides support to such division, and ceases to be employed by O&R and its Affiliates as a result of his or her election to terminate employment in connection with such voluntary termination program.

(h) “Program” shall mean the Pension Protection Program, as set forth in this Appendix I, and as amended (if at all) from time to time hereafter. A series of charts to be used in the interpretation of the Program are also set forth in Appendix I.

(i) “Protection Period” shall mean the period which begins on the Divestiture Date and which ends on the fifth anniversary of such Divestiture Date.

I.2 Protections under the Program

(a) 50/10 Employees. If a 50/10 Employee: (i) declines to apply for employment with the Buyer; (ii) applies for, but is not offered, employment with the Buyer (or declines a position which is described in Section 3.f. of this Appendix I or a position for which he or she did not apply); (iii) is hired by the Buyer but is substantially involuntarily terminated prior to his or her Annuity Starting Date by the

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The Consolidated Edison Retirement Plan Part II (b)

Buyer for reasons other than Cause within the Protection Period; or (iv) is hired by the Buyer and remains employed with the Buyer until the end of the Protection Period and does not have an Annuity Starting Date before the end of the Protection Period, he or she shall have 5 years of Vesting Service and 5 years of age added under the Plan to his or her actual Vesting Service and age, respectively, determined as of the Divestiture Date, for purposes of determining his or her eligibility for an early retirement Pension Allowance and for calculating the pre-age 65 early retirement Pension Allowance reduction (if any) but not for purposes of calculating his or her accrued benefit. Notwithstanding the foregoing, a 50/10 Employee described in the preceding sentence who is age 49 as of the Divestiture Date shall be deemed for the purpose of early retirement Pension Allowance eligibility to have retired at age 55, but, as provided in Section 3.6 of this Appendix 1, his or her Pension Allowance cannot commence prior to actual age 55.

A 50/10 Employee who is hired by the Buyer, but who prior to the end of the Protection Period either voluntarily commences receiving Plan benefits while employed by the Buyer or voluntarily terminates employment with the Buyer, shall have his or her eligibility for an early retirement Pension Allowance, and the calculation of the pre-age 65 early retirement Pension Allowance reduction (if applicable) but not the amount of his or her accrued benefit, determined by treating as Vesting Service his or her service with the Buyer from the Divestiture Date until the earlier of his or her Annuity Starting Date or his or her employment termination with the Buyer, and his or her age as of the earlier of such dates. A 50/10 Employee who terminates employment prior to age 55

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The Consolidated Edison Retirement Plan Part II (b)

shall not be eligible for an early retirement Pension Allowance; provided, however, that a 50/10 Employee who voluntarily terminates employment with the Buyer in the calendar year of the Divestiture Date shall be deemed for purposes of early retirement Pension Allowance eligibility and for purposes of the 85-point determination to have terminated employment as of the earlier of his or her Annuity Starting Date or the last day of such calendar year. His or her Pension Allowance cannot commence prior to actual age 55.

In the event that a 50/10 Employee receives a post-Divestiture Date grant of age and service in accordance with the preceding paragraphs of this Section, and elects to commence receipt of his or her benefits under the Plan prior to his or her Normal Retirement Date, the reduction for early commencement shall be computed based upon the greater of (i) his or her actual age at the Annuity Starting Date or (ii) his or her actual age at the Divestiture Date, as increased by the applicable grant of additional age under the Program, as set forth above.

(b) 40/20 Employees A 40/20 Employee who declines to apply for employment with the Buyer, who applies for but is not offered employment by the Buyer (or declines a position which is described in Section 3.f. of this Appendix I or a position for which he or she did not apply), or who is involuntarily terminated by the Buyer for reasons other than Cause within the Protection Period (in each case, a “Covered 40/20 Employee”), and who elects to begin receiving benefits prior to his or her Normal Retirement Date will have the reduction for early commencement, but not his or her accrued benefit calculated using the early retirement Pension Allowance

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The Consolidated Edison Retirement Plan Part II (b)

factors set forth in Section 4.04(c) based upon his or her age as of his or her Annuity Starting Date. Notwithstanding the foregoing, a Covered 40/20 Employee shall have 5 years of Vesting Service and 5 years of age added under the Plan to his or her Vesting Service and age, respectively, determined as of the Divestiture Date, and to the extent that the sum of his or her age and Vesting Service as of the Divestiture Date, as so adjusted, totals at least 85, there shall be no reduction if the Annuity Starting Date precedes the Normal Retirement Date. A 40/20 Employee who is hired by the Buyer and who either voluntarily terminates employment during the Protection Period or remains employed with the Buyer until the end of the Protection Period will not be a Covered 40/20 Employee, and will be eligible only for a vested Pension Allowance determined under Section 4.05(c) without regard to the Program.

(c) Other Production Employees Any Production Employee who is a Participant and has less than 5 years of Vesting Service as of the Divestiture Date, and who was not already 100% vested in accordance with the Change in Control provisions of the Prior Plan, shall be 100% vested under the Plan as of the Divestiture Date and shall be eligible to receive a vested Pension Allowance if they accrue any Accredited Service under the Plan.

I.3 Limitations of the Program and Special Rules

(a) Production Employees’ benefits under the Plan which have accrued as of the Divestiture Date shall not increase thereafter as a result of the Program, nor does the Program affect the amount which is payable to Production Employees commencing at their Normal Retirement Date.

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The Consolidated Edison Retirement Plan Part II (b)

(b) Notwithstanding the Program, no benefits can commence under the Plan to a Production Employee prior to his or her actual attainment of age 55.

(c) The $600 per month supplement described in Section 4.04(c)(iv) shall be available to a Production Employee only if his or her Annuity Starting Date is within the Protection Period and such Production Employee: (i) is at least age 60 but less than age 62 as of his or her Annuity Starting Date; and (ii) in the event of a voluntary termination from the Buyer, is at least age 60 as of the date of such voluntary termination.

(d) No Disability Pension Allowance shall commence to a Production Employee after the Divestiture Date.

(e) Each 50/10 Employee and 40/20 Employee who has not had an Annuity Starting Date shall be eligible for a Spouse’s Pension Allowance under Section 4.08. Such eligibility for a Spouse’s Allowance shall cease upon: (i) voluntary termination from the Buyer within the Protection Period prior to retirement eligibility (for this purpose, a 50/10 Employee who terminates employment with the Buyer in the calendar year of the Divestiture Date shall be treated as retirement eligible if he or she is at least age 55 and has at least 10 years of Vesting Service by the end of such calendar year); or (ii) the end of the Protection Period in the case of a 40/20 Employee who has not voluntarily terminated employment with the Buyer prior to that date. A 50/10 Employee or 40/20 Employee who has not had an Annuity Starting Date but who ceases to be eligible for a Spouse’s Allowance, and any Production Employee who is not a 50/10 Employee or 40/20 Employee and who has not had an Annuity Starting Date, shall be eligible for a vested O&R Participant Spouse’s Allowance under Section 4.08.

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The Consolidated Edison Retirement Plan Part II (b)

(f) For purposes of the Program, a Production Employee shall not be deemed to have been offered employment by the Buyer if he or she declines employment with the Buyer which would require (i) more than a 10% reduction in his or her total compensation (salary plus the target benefit under the Orange and Rockland Utilities, Inc. Annual Team Incentive Plan (“ATIP”)) immediately prior to the Divestiture Date, or (ii) assignment to another geographic location which is more than 50 miles from his or her place of employment immediately prior to the Divestiture Date. Similarly, if a Production Employee accepts an offer of employment with the Buyer, he or she will be deemed to have an involuntary termination of employment during the Protection Period for a reason other than Cause if he or she terminates employment following (i) a reduction in pay to a level more than 10% below his or her total compensation (salary plus the target benefit under the O&R Annual Team Incentive Plan (“ATIP”)) immediately prior to the Divestiture Date, or (ii) reassignment to another location which is more than 50 miles from his or her place of employment immediately prior to the Divestiture Date.

If the Program is included in a voluntary termination program offered by O&R in connection with the sale of the Electric Generating Assets, O&R may elect to provide (on a uniform basis with respect to all Participants to whom such program is offered) that a Participant who terminates employment under such program shall have (i) any grants of age and Vesting Service for early retirement reduction calculation purposes

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The Consolidated Edison Retirement Plan Part II (b)

added to his or her actual age and Vesting Service as of a date specified in the voluntary termination program, which date is other than the Divestiture Date; and (ii) a five-year, Protection Period which begins on such specified date rather than on the Divestiture Date.

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The Consolidated Edison Retirement Plan Part II (b)

APPENDIX I

ATTACHMENT I

Summary of Pension Allowance to be Provided by

O&R to Employees Affected by the Southern Energy Divestiture

Production Employees will receive their vested accrued Pension Allowance from the Plan based on service and pay up to the Divestiture Date. The Pension Allowance payable under the Plan will be subject to adjustment each year after benefit payments commence by the Pension Benefit Adjustment (PBA) described in Section 11.06 of the Plan.

Production Employees may elect to receive their pension benefits prior to the normal retirement age/date described in the Plan. However, if they do elect to commence their Pension Allowance early, the Pension Allowance will be reduced and/or subsidized as described in the following tables. The following tables summarize the provisions of Appendix I to the Plan; in the event of a conflict, the provisions of

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The Consolidated Edison Retirement Plan Part II (b)

Attachment I.1 Union Employees Hired by Southern Energy

(a)		(b)
Age and VS as of the Divestiture Date	If employee elects to start O&R Pension Allowance at Divestiture Date	If employee elects to start O&R Pension Allowance after Divestiture Date
1. Age 65 (regardless of VS)	100% of AB	100% of AB
2. Age 62+ with 10+ VS	100% AB	AB reduced for age at commencement
		•      6%/Yr. Prior to 65
3. Age 60-62 with 10+ VS	100% of AB and $600 supplement to 62	AB reduced for age at commencement
		•      6%/Yr. Prior to 65
4. Age 55-59 with 10+ VS	AB reduced for age at commencement:	AB reduced for age at commencement
	•      4%/Yr. Prior to 60	•      6%/Yr. Prior to 65
	•      no reduction with 85 points
5. Under 55 with 10+ VS	Not applicable	AB reduced for age at commencement
		•      6%/Yr. Prior to 65. Benefits cannot begin until age 55
6. Any age with under 10 VS	Not applicable	AB vested regardless if Plan Participant on 8/20/98; any others will not be vested; first available for payment at age 65.

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The Consolidated Edison Retirement Plan Part II (b)

Attachment I.2 Management Employees Hired by Southern Energy

	a.	b.	c.	d.	e.
		If employee delays commencement of O&R Benefits until sometime after Divestiture Date
		If employee terminates/ /retires from Southern Energy within 5 years of Divestiture Date		If employee remains employed at Southern Energy more than 5 years after Divestiture Date
Age and VS as of the Divestiture Date	If employee hired by Southern elects to start O&R payments at Divestiture Date	If Southern Energy involuntarily terminates employee	If employee voluntarily terminates from Southern Energy	If employee elects to start O&R pension within 5 years of divestiture	If employee elects to start O&R pension more than 5 years after divestiture
1. Age 50-54 with 10+ VS (Note: benefits cannot in any case begin until actual age 55)	Not applicable	AB reduced by % below based on age/service as of the divestiture with 5 added to age/service: •      0% if 85 points at commencement (counting points for 5 years after divestiture; i.e., if 75 points at divestiture), otherwise •      4%/yr. For commencement prior to 60 (reduction based on greater of (i) actual age or (ii) sum of age at divestiture + 5).	AB reduced by % below based on age at commencement: •      If termination from Southern before 55, 6%/yr. prior to 65 •      If termination from Southern after age 55 •      0% if 85 points at termination (counting points for actual service up to voluntary termination), otherwise •      4%/yr. For pre-age 60 commencement.	Same as column c, but counting of points stops at commencement.	AB reduced by % below based on age/service as of the divestiture with 5 added to each: •      0% reduction if 85 points at end of 5-year period, otherwise •      4%/yr for commencement prior to 60 No $600/mo. Supplement.

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The Consolidated Edison Retirement Plan Part II (b)

Attachment I.2 Management Employees Hired by Southern Energy

	a.	b.	c.	d.	e.
2. Age 40-49 with 20+ VS	Not applicable	AB available between the ages of 55 and 65 adjusted for age at commencement: •      0% if 85 points at commencement (counting points for 5 years after divestiture; i.e., if 75 points at divestiture), otherwise •      4%/yr. for commencement prior to 60.	AB available between the ages of 55 and 65 adjusted for age at commencement: •      6%/yr. for commencement prior to 65.	Not applicable	Same as column c
3. Any age under 50 with 10-19 VS	Not applicable	AB available between the ages of 55 and 65 adjusted for age at commencement: •      6%/yr. prior to 65.	Same as column b	Not applicable	Same as column b
4. Any age with under 10 VS	Not applicable	AB vested at divestiture regardless of service and made available at age 65.	Same as column b	Not applicable	Same as column b.

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The Consolidated Edison Retirement Plan Part II (b)

		Management Employees Hired by Southern Energy If employee delays commencement of O&R Benefits until sometime after Divestiture Date
		If employee terminates/ /retires from Southern Energy within 5 years of Divestiture Date		If employee remains employed at Southern Energy more than 5 years after Divestiture Date
Age and VS as of the Divestiture Date	If employee hired by Southern elects to start O&R payments at Divestiture Date	If Southern Energy involuntarily terminates employee	If employee voluntarily terminates from Southern Energy	If employee elects to start O&R pension within 5 years of divestiture	If employee elects to start O&R pension more than 5 years after divestiture
1. Age 65	100% of AB	Same as column a	Same as column a	Same as column a	Same as column a
2. Age 62+ with 10+ VS	100% of AB	Same as column a	Same as column a	Same as column a	Same as column a
3. Age 60-62 with 10+ VS	100% of AB and $600/mo. Supplement up to 62	Same as column a	Same as column a	Same as column a	100% of AB

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The Consolidated Edison Retirement Plan Part II (b)

4. Age 55-59 with 10+ VS AB reduced for age at commencement:   •      0% if 85 points at divestiture, otherwise   •      4%/yr. prior to 60.   No pension protection coverage if involuntarily terminated later. Regardless of when benefit commences or points at divestiture:   •      100% of AB, and   •      $600/mo. Supplement to 62 if benefit commences between 60 and 62 within the 5-year protection period. AB reduced for age at commencement:   •      0% if 85 points at termination (counting points for actual service up to termination), otherwise   •      4%/yr. For commencement prior to 60.   $600/mo. Supplement to 60 if termination occurs after age 60, and if benefits commence at 60-62 within the 5-year protection period. Same as column c, but no age or service points after benefits commence, and $600/mo. Supplement to 62 if commencement occurs after age 60 but before age 62. 100% of AB, but not eligible for $600/mo. Supplement.

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The Consolidated Edison Retirement Plan Part II (b)

Attachment I.3 Addendum 1

Chart for Management Employees Affected by Asset Sales

But Not Hired by Southern Energy and not Eligible to Participate in a Voluntary Severance Program

A		B
Age and VS as of the Divestiture Date	Employee Does Not Apply for Employment with Southern, or Applies but is Not Offered Employment
1. Age 65	100% of AB 100% of AB 100% of AB and $600/mo. supplement up to 62. Regardless of when benefit commences or points at divestiture: •      100% of AB, and •      $600/mo. supplement to 62 if benefit commences between 60 and 62 within the 5-year protection period.	Same as column a
2. Age 62+ with 10+ VS		Same of column a
3. Age 60-62 with 10+ VS		Same as column a
4. Age 55-59 with 10+ VS		AB reduced for age at commencement: •      0% if 85 points at divestiture, otherwise •      4%/yr prior to 60.

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The Consolidated Edison Retirement Plan Part II (b)

5. Age 50-54 with 10+ VS (Note: benefits cannot in any case begin until actual age 55)	AB reduced based on age/service as of the divestiture with 5 added to each: •      0% if 85 points at commencement (counting points for 5 years after divestiture; i.e., if 75 points at divestiture), otherwise •      4%/yr. for commencement prior to 60 (reduction based on greater of (i) actual age or (ii) sum of age at divestiture + 5).	AB available at age 55+65, but 6%/yr. reduction prior to 65.
6. Age 40-49 with 20+ VS	AB available between the ages of 55 and 65 adjusted for age at commencement: •      0% if 85 points at commencement (counting points for 5 years after divestiture; i.e., if 75 points at divestiture), otherwise •      4%/yr. For commencement prior to 60.	AB available at age 55-65, but 6%/yr. reduction prior to 65.
7. Any age under 50 with 10-19 VS	AB available between the ages of 55 and 65 adjusted for age at commencement: •      6%/yr. prior to 65.	Same as column a.
8. Any age with under 10 VS	AB vested at divestiture regardless of service and made available at age 65.	Same as column a.

(a) No employee described in this Addendum I will be eligible for a disability benefit from the O&R Plan after the Divestiture Date.

(b) An employee who declines an offer of employment with Southern (except as otherwise provided in footnote 6) will be eligible for a vested Participant Spouse’s Allowance prior to the employee’s Annuity Starting Date, unless coverage is waived. Employees who did not apply for employment with Southern and who are covered under the Pension Protection Program will be treated as actively employed and their spouses will be entitled to a pre-commencement Spouse’s Allowance for which there is no coverage charge; provided, however, that Spouse’s Allowance coverage will cease as of the end of the 5-year protection period in the case of 40/20 employees.

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The Consolidated Edison Retirement Plan Part II (b)

Attachment I.4 Addendum II – Chart for Management and Union Employees

Eligible for a Voluntary Severance Program

Age and ES as of the Employee’s Termination Date

Employee Terminates Employment under Voluntary Severance Program

1. Age 65	100% of AB
2. Age 62+ with 10+ VS	100% of AB
3. Age 60-62 with 10+ VS	100% of AB and $600/mo. Supplement up to 62.
4. Age 55-59 with 10+ VS	Regardless of when benefit commences or points at termination: •      100% of AB, and •      $600/mo. Supplement to 62 if benefit commences between 60 and 62 within the 5-year protection period which begins on the date of termination.
5. Age 50-54 with 10+ VS (Note: benefits cannot in any case begin until actual age 55)	AB reduced based on age/service as of the termination with 5 added to each: •      0% if 85 points at commencement (counting points for 5 years after termination; i.e., if 75 points at termination), otherwise •      4%/yr. for commencement prior to 60 (reduction based on greater of (i) actual age or (ii) sum of age at termination + 5).

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The Consolidated Edison Retirement Plan Part II (b)

6. Age 40-49 with 20 + VS	AB available between the ages of 55 and 65 adjusted for age at commencement:
	•      0% if 85 points at commencement (counting points for 5 years after termination; i.e., if 75 points at divestiture), otherwise •      4%/yr. for commencement prior to 60.
7. Any age under 50 with 10-19 VS	AB available between the ages of 55 and 65 adjusted for age at commencement: •      6%/yr. prior to 65.
8. Any age with under 10 VS	AB vested at termination regardless of service and made available at age 65.

(a) No Employee described in this Addendum II will be eligible for a disability benefit from the O&R Plan after termination of employment.

(b) 50/10 and 40/20 Employees who terminate employment covered under the VSP will be treated as actively employed and their spouses will be entitled to a pre-commencement Spouse’s Allowance for which there is no coverage charge; provided, however, that Spouse’s Allowance coverage will cease as of the end of the 5-year protection period in the case of 40/20 employees.

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The Consolidated Edison Retirement Plan Part II (b)

APPENDIX J

Provisions Applicable to Affected Indian Point (“IP”) Employees

J.1 Effective Date and Scope of Appendix J

This Appendix J shall not become effective unless and until the closing of the sale of CECONY’s nuclear-fueled electricity generating facilities at Indian Point (“IP”) occurs. This Appendix J shall be applied to the determination of benefits payable to a CECONY Management Participant or CECONY Weekly Participant who, as of the date of the closing of the sale of IP (“IP Divestiture”), had been assigned to IP, and who remains in the employ of the buyer, or successor thereto, of the IP (“Divestiture Buyer”) subsequent to IP Divestiture in 2001 (“Affected IP Employees”).

J.2 Treatment of Affected IP Employee

(a) Solely for purposes of determining whether an Affected IP Employee is entitled to apply the favorable actuarial discount factors and early retirement subsidies available to a Rule of 75 Participant, the Accredited Service of an Affected IP Employee shall be determined by adding to his or her Accredited Service credited prior to the IP Divestiture his or her “Post Divestiture Service.” “Post Divestiture Service” means the period of employment with the Divestiture Buyer determined as if the Post Divestiture Service were employment with CECONY, including the application of Section 3.02 to the Post Divestiture Service, provided, however, that Post Divestiture Service shall not be taken into account for purposes of benefit accrual or computation of the amount of the Affected IP Employee’s benefit under the Plan. Post Divestiture Service shall not be taken into account for any period after a Participant’s Annuity Starting Date.

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The Consolidated Edison Retirement Plan Part II (b)

(b) An Affected IP Employee who had not earned a nonforfeitable right to one hundred percent (100%) of his or her accrued Pension Allowance as of the day immediately prior to the IP Divestiture shall become fully and nonforfeitably vested in one hundred percent (100%) of his or her Pension Allowance as of the date of the IP Divestiture.

(c) For purposes of determining the value of an Affected IP Employee’s Surviving Spouse’s benefits, the Accredited Service of an Affected IP Employee shall be determined in accordance with the provisions of Appendix J, Section J.2(a).

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The Consolidated Edison Retirement Plan Part II (b)

APPENDIX K

Provisions Applicable to CECONY Support Employee re

Voluntary Retirement Incentive—Support Organizations Program

K.1 Effective Date and Scope of Appendix K

Effective July 1, 1999, and notwithstanding any other provision of the Plan, the provisions of this Appendix K shall be applicable and available to those “CECONY Support Employees,” as defined in Appendix K, Section K.2, who meet the eligibility criteria set forth in Section K.3. The provisions of this Appendix K shall be applicable only during the limited period of time and on the other terms and conditions set forth in this Appendix K.

K.2 CECONY Support Employees

The term “CECONY Support Employee” means an Eligible Employee who, as of June 1, 1999, was employed by CECONY in a department that provided support to the Divestiture Operations, as defined in Appendix H. A list of those departments in which CECONY Support Employees were employed as of June 1, 1999 is set forth in Section K 8.

K.3 Eligibility Criteria

A CECONY Support Employee satisfies the eligibility criteria for the Voluntary Retirement Incentive - Support Organizations Program, if, as of December 31, 1999,

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The Consolidated Edison Retirement Plan Part II (b)

she or he or she attained age 53, and the sum of his or her age and Years of Accredited Service, as of August 31, 1999, but projected to December 31, 1999, is seventy-five (75) or more. For the purpose of determining the sum of the CECONY Support Employee’s age and Years of Accredited Service, projected to December 31, 1999, a CECONY Support Employee shall be deemed to have continued in employment with the CECONY until December 31, 1999.

K.4 Retirement under Voluntary Retirement Incentive – Support Organizations Program

A CECONY Support Employee who satisfies the eligibility criteria set forth in Section K.3 and who elects during the period from July 1, 1999 through August 16, 1999, on a form furnished by and filed with CECONY, to accept the retirement incentives described in Section K.5, shall retire with an effective date of September 1, 1999. A CECONY Support Employee’s election to retire shall be revocable until the close of business on the seventh day following the end of the election period, or August 23, 1999. If the CECONY determines that deferral is warranted by business necessity or extraordinary circumstances, CECONY may require a CECONY Support Employee who has made an election in accordance with this Section to defer his or her effective date of retirement until no later than January 1, 2000.

K.5 Special Retirement Benefits under Voluntary Retirement Incentive - Support Organizations

The retirement benefits payable to a CECONY Support Employee who elects to retire, pursuant to Section K.4, under the Voluntary Retirement Incentive - Support Organizations Programs, shall be determined as follows:

(a) For purposes of determining the number of Years of Accredited Service, the CECONY Support Employee’s termination from employment shall be deemed to occur on December 31, 1999.

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The Consolidated Edison Retirement Plan Part II (b)

(b) The CECONY Support Employee’s Final Average Salary or Pay shall be determined as if he or she had remained in employment until December 31, 1999 and his or her Annual Basic Straight Time Compensation had remained unchanged from the rate in effect at July 1, 1999.

(c) For purposes of Appendix F.1.A(b), Section I(b), or Section F.2.A(b), the CECONY Support Employee’s Total Salary shall be determined as if he or she had remained in employment until December 31, 1999 and his or her rate of pay had remained unchanged from the rate in effect on July 1, 1999.

(d) For purposes of Section 4.04(b)(iv), the discount factor in Table A for all ages equal to or greater than age 55 shall be deemed to be 1.000.

(e) In addition to the benefit determined in accordance with subsections (c) and (d) above, the CECONY Support Employee shall receive a special lump sum amount (“Special Lump Sum”) which shall be equal to the sum of:

(i) 33% of his or her Final Average Salary or Pay, plus

(ii) 2% of his or her Final Average Salary or pay multiplied by his or her Years of Accredited Service, provided, however, that Years of Accredited Service in excess of 33  ¹⁄₂ shall not be taken into account.

(f) For purposes of determining the amount of the Special Lump Sum, a CECONY Support Employee’s Years of Accredited Service shall be determined by

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The Consolidated Edison Retirement Plan Part II (b)

deeming his or her date of termination of employment as December 31, 1999. his or her Final Average Salary or Pay shall be determined by taking into account the provisions of Section K.5 subparagraph (b). The Special Lump Sum shall be payable in accordance with the provisions of Section K.5, subparagraph (g).

(g) The CECONY Support Employee may elect to receive the Special Lump Sum in the form of a single lump sum payment payable as soon as practicable after the CECONY Support Employee’s effective date of retirement. If the CECONY Support Employee is married, such election shall be given effect only if his or her spouse provides written consent thereto, on a form furnished by the Plan Administrator and witnessed by a Notary Public. If the CECONY Support Employee does not make the election described in the foregoing sentence, then the Special Lump Sum shall be payable as an annuity in accordance with the provisions of Section K.5 subparagraph (h).

(h) If the Special Lump Sum is payable as an annuity, such annuity shall commence on the same date and be payable in the same form as the CECONY Support Employee’s Pension Allowance determined in accordance with the applicable benefit formula, giving effect to any election by the CECONY Support Employee in accordance with Article 5. The amount of such annuity shall be determined by first converting the Special Lump Sum into an annuity for the life of the CECONY Support Employee, on the basis of the Adjusted IRS Interest Rate and the IRS Mortality Table, and on the basis of the CECONY Support Employee’s age as of January 1, 2000, and then by applying the adjustment factor, if any, applicable to the CECONY Support Employee’s Pension Allowance, pursuant to any election made by the CECONY Support Employee in accordance the provisions of Article 5.

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The Consolidated Edison Retirement Plan Part II (b)

(i) In the event that the actual retirement date of a CECONY Support Employee is deferred, pursuant to Section K.4, then upon his or her actual retirement, his or her retirement benefits shall be determined in accordance with subparagraphs (a) and (b), except that: (i) his or her period of Accredited Service from September 1, 1999 through his or her actual date of retirement shall be added to the Accredited Service otherwise determined in accordance with subparagraph (a); and (ii) subparagraphs (b) and (c) shall be applied by (A) substituting for “December 31, 1999” a date that is later than December 31, 1999 by the same number of months that the CECONY Support Employee’s actual date of retirement is later than September 1, 1999, and (B) by substituting for “July 1, 1999” the earlier of October 1, 1999 or the day next preceding his or her actual date of retirement.

(j) If a CECONY Support Employee whose retirement is deferred pursuant Section K. 4, dies prior to his or her actual date of retirement, any election made by such CECONY Support Employee in accordance with Article 5 shall be given effect in the same manner as if the first day of the month that includes his or her date of death had been his or her Annuity Starting Date, and the Special Lump Sum shall be payable in accordance with the election made by the Employee pursuant to subparagraph (g). If the CECONY Support Employee had elected to receive the Special Lump Sum as a single lump sum payment, then such amount shall be paid to his or her Surviving Spouse, or, if there is no Surviving Spouse, to his or her Beneficiary, or, if there is no Beneficiary, to

26

The Consolidated Edison Retirement Plan Part II (b)

his or her beneficiary under the group term life insurance policy maintained by CECONY at the time of his or her death, on the first day of the month following his or her date of death.

(k) For purposes of the Cost of Living Adjustment provisions and entitlements, Article 11, any CECONY Support Employee whose actual retirement date is deferred until January 1, 2000 and whose Pension Allowance commenced in January 2000 shall be deemed to have had his or her Pension Allowance commenced to be paid prior to December 31, 1999 and shall be entitled to the annual adjustment to be made in April 2000.

K.6 Treatment of Certain Employees Retiring after March 31, 1999 but prior to August 1, 1999

An Eligible Employee of CECONY, who would have been a CECONY Support Employee within the meaning of Section K.1 and who would have satisfied the eligibility criteria set forth in Section K.2, except that he or she retired from the employment of CECONY after March 31, 1999 and prior to August 1, 1999, shall nonetheless be entitled to the retirement incentives described in Section K.5. For purposes of subparagraphs (b) and (c) of Section K.5, the date next preceding his or her actual date of retirement shall be substituted for “July 1, 1999”, and provided, further, however, that any increase in his or her Allowance benefit resulting from the application of subparagraphs (a), (b), (c) or (d), of Section K.5 shall be payable effective September 1, 1999 and, for the purpose of subparagraph (h) of Section K.5, he or she shall be deemed to have commenced to receive his or her Pension Allowance as of September 1, 1999.

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The Consolidated Edison Retirement Plan Part II (b)

K.7 Voluntary Nature of Retirement Incentive; Acceptance and Release

No Employee shall be obligated to accept any retirement incentive, and an Employee’s election to accept the retirement incentive described in this Appendix K shall be purely voluntary. As a condition to an Employee’s receipt of the additional benefits described in this Appendix K, CECONY shall have the right to obtain from the Employee a waiver and or release of claims against CECONY and/or the Plan, based upon or arising out of termination of employment, consistent with the requirements of the federal Age Discrimination in Employment Act, as amended by the Older Workers Benefit Protection Act.

K.8 Support Departments for Purposes of Appendix K

For purposes of this Appendix K, the following departments shall be deemed to have provided support to the Divestiture Operation: Central Services; Finance; Law; Central Public Affairs; Energy Management; and Fossil Power Engineering, Construction and Support.

28

The Consolidated Edison Retirement Plan Part II (b)

APPENDIX L

TABLE 1 – O&R PARTICIPANT

ILLUSTRATIVE PENSION BENEFIT ADJUSTMENT CALCULATION ASSUMING

ANNUAL INFLATION EXCEEDS CAP IN LATER YEARS

Retirement Date	1993
Monthly Pension Payment	$2,000

	—Pension					Benefit						Adjustment—
Year	CPI-U (a)		Amount Inflation (b)			Cum. Inflation (c)			PUO Threshold (d)			Excess over Threshold (e)			75% of Cum. Excess Prior Yr. (f)	Cum. 3% Cap (g)		Annual PUO Percent Increases (h)	Cum. PBA (i)	PBA increase Effective June 1 (j)	Monthly Pension Payment (k)
(d-f) (75% x c)(3% Term) (j / k) (Lesser f or g)(dif. Col.k)($2,000 x i)
1992		140.3
1993		144.5		2.99	%		2.99	%		20	%										$	2,000.00
1994		149.6		3.55	%		6.63	%		20	%										$	2,000.00
1995		155.6		4.01	%		10.91	%		20	%										$	2,000.00
1996		161.2		3.60	%		14.90	%		20	%										$	2,000.00
1997		168.0		4.22	%		19.74	%		20	%										$	2,000.00
1998		172.5		2.60	%		22.29	%		20	%		2.95	%			1				$	2,000.00

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The Consolidated Edison Retirement Plan Part II (b)

1999	178.5	3.40	%	27.23	%	20	%	7.23	%	2.21	%	3.00	%	2.01	%(A)	2.01	%	40.20		$	2,040.20
2000	182.6	2.30	%	30.15	%	20	%	10.15	%	5.42	%	6.09	%	2.61	%	5.42	%	60.20		$	2,100.40
2001	189.0	3.50	%	34.71	%	20	%	14.71	%	7.61	%	9.27	%	1.73	%	7.61	%	43.00		$	2,152.20
2002	195.0	3.17	%	30.99	%	20	%	18.99	%	11.05	%	12.55	%	2.65	%	11.03	%	60.40		$	2,220.40
2003	210.0	7.69	%	49.60	%	20	%	29.60	%	14.24	%	15.93	%	2.30	%	14.24	%	64.20		$	2,284.80
2004	225.0	7.14	%	60.37	%	20	%	40.37	%	22.26	%	19.41	%	5.77	%	19.41	%	103.40		$	2,388.20
2005	205.5	3.00	%	45.00	%	20	%	25.00	%	15.64	%	19.41	%	2.76	%	15.64	%	61.60		$	2,312.80
2006	209.7	3.00	%	49.43	%	20	%	29.43	%	10.81	%	22.99	%	2.74	%	18.81	%	63.40		$	2,376.20
2007	215.9	3.00	%	53.91	%	20	%	33.91	%	22.07	%	26.60	%	2.74	%	22.07	%	65.20		$	2,441.40
2008	222.4	3.00	%	50.53	%	20	%	38.53	%	25.43	%	30.40	%	2.75	%	25.43	%	67.20		$	2,500.60
2009	229.1	3.00	%	63.29	%	20	%	43.29	%	20.90	%	34.39	%	2.77	%	28.90	%	69.40		$	2,578.00
2010	236.0	3.00	%	68.18	%	20	%	40.10	%	32.47	%	38.42	%	2.77	%	32.47	%	71.40		$	2,649.40
2011	243.0	3.00	%	73.23	%	20	%	53.23	%	36.14	%	42.50	%	2.77	%	36.14	%	73.40		$	2,722.00
2012	250.3	3.00	%	78.43	%	20	%	58.43	%	39.92	%	46.85	%	2.78	%	39.92	%	75.60		$	2,798.40
2013	257.8	3.00	%	83.70	%	20	%	63.70	%	43.02	%	51.26	%	2.79	%	43.82	%	78.00	%	$	2,876.40

Note: All calculations performed with Cumulative information. Annual information derived by subtraction.

30

The Consolidated Edison Retirement Plan Part II (b)

TABLE 2 – O&R PARTICIPANT

ILLUSTRATIVE PENSION BENEFIT ADJUSTMENT CALCULATION ASSUMING

ANNUAL INFLATION EXCEEDS CAP IN EARLY YEARS

Retirement Date	1993
Monthly Pension Payment	$2,000

	—Pension					Benefit						Adjustment—
Year	CPI-U (a)		Annual Inflation (b)			Cum. Inflation (c)			PUO Threshold (d)			Excess over Threshold (e)	75% of Cum. Excess Prior Yr. (f)	Cum. 3% Cap (g)	Annual PBA Percent Increases (h)	Cum. PBA (i)	PUA increase Effective June 1 (j)	Monthly Pension Payment (k)
(d-f) (75% X c)(3% Term) (j / k) (Lesser f or g)(dif. Col.k)($2,000 x i)
1992		140.3
1993		144.5		2.99	%		2.99	%		20	%							$	2,000.00
1994		140.7		2.91	%		5.99	%		20	%							$	2,000.00
1995		152.0		2.22	%		8.34	%		20	%							$	2,000.00
1996		156.0		2.43	%		11.19	%		20	%							$	2,000.00
1997		162.0		3.05	%		15.47	%		20	%							$	2,000.00
1998		165.5		2.16	%		17.96	%		20	%							$	2,000.00

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The Consolidated Edison Retirement Plan Part II (b)

1999	172.0	3.93	%	22.59	%	20	%	2.59	%	1										$	2,000.00
2000	185.0	7.56	%	31.06	%	20	%	11.86	%	1.94	%	3.00	%	1.94	%	1.94	%	30.00		$	2,038.00
2001	190.0	7.03	%	41.15	%	20	%	21.13	%	8.90	%	6.09	%	4.07	%	6.09	%	83.00		$	2,121.00
2002	210.0	6.06	%	49.68	%	20	%	29.68	%	15.05	%	9.27	%	3.00	%	9.27	%	63.60		$	2,185.40
2003	223.0	6.19	%	58.95	%	20	%	30.95	%	22.26	%	12.55	%	3.00	%	12.55	%	65.60		$	2,251.00
2004	239.0	7.17	%	70.35	%	20	%	50.35	%	29.21	%	15.93	%	3.00	%	15.93	%	67.60		$	2,318.60
2005	253.0	5.86	%	80.33	%	20	%	60.35	%	37.76	%	19.41	%	3.00	%	19.41	%	69.60		$	2,500.20
2006	264.0	4.35	%	88.17	%	20	%	60.17	%	45.25	%	22.99	%	3.00	%	22.99	%	71.60		$	2,459.00
2007	271.0	2.65	%	93.16	%	20	%	73.16	%	51.13	%	26.60	%	3.00	%	26.68	%	73.80		$	2,533.60
2008	279.0	2.95	%	98.06	%	20	%	78.06	%	54.07	%	30.40	%	3.00	%	30.40	%	76.00		$	2,609.60
2009	288.0	3.23	%	105.27	%	20	%	85.27	%	59.15	%	34.39	%	3.00	%	34.39	%	78.20		$	2,687.00
2010	297.0	3.13	%	111.69	%	20	%	91.69	%	63.95	%	30.42	%	3.00	%	30.42	%	80.00		$	2,768.40
2011	305.0	2.69	%	117.39	%	20	%	97.39	%	68.77	%	42.50	%	3.01	%	42.50	%	85.20		$	2,851.60
2012	315.0	3.20	%	124.52	%	20	%	104.52	%	73.04	%	46.85	%	2.99	%	46.85	%	85.40		$	2,937.00
2013	325.0	3.17	%	131.65	%	20	%	111.65	%	78.39	%	51.26	%	3.00	%	51.26	%	80.70	%	$	3,025.20

Note: All calculations performed with Cumulative information. Annual information derived by subtraction.

32

The Consolidated Edison Retirement Plan Part II (b)

TABLE 3 – O&R PARTICIPANT

ILLUSTRATIVE PENSION BENEFIT ADJUSTMENT CALCULATION ASSUMING

ANNUAL INFLATION EXCEEDS CAP IN EARLY YEARS

Retirement Date	1993
Monthly Pension Payment	$2,000

	—Pension					Benefit						Adjustment—
Year	CPI-U (a)		Annual Inflation (b)			Cum. Inflation (c)			PUO Threshold (d)			Excess over Threshold (e)			75% of Cum. Excess Prior Yr. (f)	Cum. 3% Cap (g)		Annual PBA Percent Increases (h)	Cum. PBA (i)	PUA increase Effective June 1 (j)	Monthly Pension Payment (k)
(d-f) (75% X c)(3% Term) (j / k) (Lesser f or g)(dif. Col.k)($2,000 x i)
1992		140.3
1993		144.5		2.99	%		2.99	%		20	%										$	2,000.00
1994		149.6		3.53	%		6.63	%		20	%										$	2,000.00
1995		155.6		4.01	%		10.91	%		20	%										$	2,000.00
1996		161.2		3.60	%		14.90	%		20	%										$	2,000.00
1997		160.0		4.22	%		19.74	%		20	%										$	2,000.00
1998		172.5		2.68	%		22.95	%		20	%		7.95	%			1				$	2,000.00

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The Consolidated Edison Retirement Plan Part II (b)

1999	178.5	3.40	%	27.23	%	20	%	7.23	%	2.21	%	3.00	%	2.01	%(A)	2.01	%	40.20		$	2,040.20
2000	182.6	2.30	%	30.15	%	20	%	10.15	%	5.42	%	6.09	%	2.61	%	5.42	%	60.20		$	2,100.40
2001	189.0	3.50	%	34.71	%	20	%	14.71	%	7.61	%	9.27	%	1.75	%	7.61	%	43.00		$	2,152.20
2002	195.0	3.17	%	38.99	%	20	%	18.99	%	11.03	%	12.55	%	2.65	%	11.03	%	60.40		$	2,220.40
2003	210.0	7.69	%	49.68	%	20	%	29.60	%	14.24	%	15.93	%	2.30	%	14.24	%	64.20		$	2,284.80
2004	225.0	7.14	%	60.37	%	20	%	40.37	%	22.26	%	19.41	%	5.77	%	19.41	%	103.40		$	2,388.20
2005	245.0	8.89	%	74.63	%	20	%	54.63	%	30.28	%	22.99	%	5.36	%	22.99	%	71.60		$	2,459.80
2006	270.0	10.20	%	92.44	%	20	%	72.44	%	40.97	%	26.68	%	6.67	%	26.68	%	73.00		$	2,533.60
2007	296.0	9.63	%	110.98	%	20	%	90.98	%	54.35	%	30.40	%	7.65	%	30.40	%	76.00		$	2,609.60
2008	315.0	6.42	%	124.52	%	20	%	104.52	%	60.24	%	34.59	%	7.22	%	34.39	%	78.20		$	2,687.80
2009	335.0	6.55	%	130.77	%	20	%	118.77	%	78.39	%	38.42	%	4.01	%	38.42	%	80.60		$	2,768.40
2010	350.0	6.87	%	155.17	%	20	%	135.17	%	89.08	%	42.50	%	4.76	%	42.50	%	83.70		$	2,851.60
2011	379.0	5.87	%	170.14	%	20	%	150.14	%	101.37	%	46.05	%	5.15	%	46.05	%	85.40		$	2,937.00
2012	400.0	5.54	%	185.10	%	20	%	165.10	%	112.61	%	51.26	%	4.40	%	51.26	%	88.20		$	3,025.20
2013	430.0	7.50	%	206.49	%	20	%	186.49	%	123.83	%	55.80	%	4.16	%	55.00	%	90.80	%	$	3,116.00

34

The Consolidated Edison Retirement Plan Part II (b)

APPENDIX M

Provisions Applicable to Participants

Employed at the Lakewood Plant

M.1 Effective Date and Scope of Appendix M

This Appendix M shall be effective as of June 1, 2000, the closing date of the acquisition of the natural gas fueled electric generation facility known as the Lakewood Cogeneration Facility (“Lakewood Plant”) by Consolidated Edison Development, Inc. (“CED”).

M.2 Lakewood Participants

For purposes of this Appendix M, the term “Lakewood Participant” means an Eligible Employee who is employed at the Lakewood Plant. A Lakewood Participant shall be a CEI Participant, and shall receive the benefit determined under the formula for a CEI Participant set forth in Article IV of the Plan.

M.3 Benefit Provisions Applicable to Lakewood Participants as of June 1, 2000

Notwithstanding any provision to the contrary, a Lakewood Participant who was employed at the Lakewood Plant as of June 1, 2000 shall be fully and nonforfeitably vested in 100% of his or her Pension Allowance (“Special Lakewood Participant”). Years of service of a Special Lakewood Participant as a Participant in the Pension Plan for Employees of Consumers Power Company shall be counted as Years of Accredited Service for purposes of calculating his or her Pension Allowance under the formula for a CEI Participant.

35

The Consolidated Edison Retirement Plan Part II (b)

APPENDIX N

List Of The Annual Incentive Plans Of The Competitive Energy Businesses

That Have Been Approved By The Plan Administrator

N.1 Annual Incentive Plans that will be deemed Annual Variable Pay Award Plans

Effective as of December 17, 2010, the Plan Administrator approved the following annual incentive plans. Each will be deemed a plan under which an Annual Variable Pay Award is paid. Any award paid from one of the following Participating Employer’s short-term incentive compensation plan must exceed 25% of the Participant’s rate of base annual salary or pay in effect as of January 1 of the Plan Year in which the award is paid.

N.2 The Plans

1. Con Edison Non-Regulated Subsidiaries Annual Incentive Plan

2. Annual Executive Incentive Plan for Presidents of the Con Edison CEBs

3. Con Edison Solutions and Con Edison Energy Commodity Team Incentive Compensation Plan

4. Con Edison Solutions Sales Incentive Compensation Program for Energy Services

5. Con Edison Energy & Development Wholesale Supply Team Incentive Plan

6. Con Edison Development Team Incentive Compensation Plan

7. Con Edison Solution Solar Sales Incentive Compensation Plan

36