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ARTICLE V
RETIltE?~IE~Jf DENE~ITS
I tem 9 .
V:3 Zhe Manthly Retirement eenefit Formula shall be:
~ ~ of t~bnthly Earnings up to the Covered Mbnthly Can- .
~ensation in Table I below of the oldest potentially-
eligible D:~ployee, plus $ of the Monthly Earnings in
ex~ess of such Covered Nbnthly Ca~ensation.
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( 1 $ of Monthly Earnings in excess of the Covered Monthly
Ca~ensation in Table I belaw of the oldest potentially-
el ig ible E~mplayee.
O 8 of Monthly Earnings up to the Coverecl t~bnthly Com-
pensation shawn in Table I below, according to year of
birth, plus $ of monthly Earnings in exoess of such ~
Covered I~bnthly Com~ensation.
! ( X) 12~b of l~lonthly Earnings in excess of the Cove.red Month2y
~ Compensation stawn in Tab1e I below, ac~ording to year of
~birth.
O 8 of.Monthly Earnings reduced by ~ of the Participant's
estimated Social Security Benefits pay~ble on the basis
of the Social Security Act Amendments of 19 .
TABIE I
Year of Birth c:overed Mo~nLhly Cart~nsation
1906 or Earlier q5p
1907 - 191U SUO
- lyll - 1916 ' 550
1917 - 1y26 600
1927 - 1933 b50
. 1934 - 1938 7pp
1939 or Later 75~
I tea 10 ~
V:3 Tfie minim~m ~bnthly Retirement Benefit shall be 520.00. ~
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