Alaska Teamster-Employer Welfare and Pension Trusts

1. Vested; and
2. At least 1,000 Contributory Hours (excluding Recaptured Hours) after June 30, 1997

In general (see Exceptions), sum of:

1. $25 times Past Benefit Service
2. Contributory Benefit Service:
   • 2.5% of Contributions made through June 30, 2003; plus
   • 1.25% of Contributions made July 1, 2003 through June 30, 2006; plus
   • 2.00% of Contributions made July 1, 2006 through June 30, 2007; plus
   • 1.00% of Contributions made July 1, 2007 and later

   (including Recaptured Benefit Service)
   (excluding Rule of 80/85 Surcharge)
   (excluding Supplemental Contributions)

Delayed Retirement After 65

1. Straight Life Annuity
2. Five-Year Certain Life Annuity
3. Joint Annuity

Reduction Factors
All forms of payment except the Straight Life Annuity are actuarially reduced.

Change of Form/Joint Annuitant