Exhibit 10.1.1

THE
CONSOLIDATED
EDISON
RETIREMENT PLAN
PART I of
THREE PARTS

1

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Exhibit 10.1.1

Subject to the Following Amendments and Clarifications:

n Clarified on May 2, 2002;
n Amended December 13, 2001;
n Amended April 2003 In Accordance with IRS Issuance of Favorable Determination
Letter;
n Amended August 2004 for 2004 Agreement Between Local Union 503 of the
International Brotherhood of Electrical Workers, AFLO-CIO and O&R;
n Amended August 2004 for O&R Management Employees Changes Concurrent with O&R
Hourly Employees;
n 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;
n Amended July 2004 to Update Factors - O&R Optional Forms;
n Amended and Restated November 2004 for Miscellaneous Changes;
n 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;
n Amended November 2008 In Accordance with the September 23, 2008 IRS Favorable
Determination Letter;

2

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Exhibit 10.1.1

n Restated as of January 31, 2007 in Accordance with Revenue Procedure 2005-66
and Notice 2005-101;
n 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);
n Amended December 2008 for (i) Domestic Partner Benefits, (ii) Accelerated
Vesting for Cash Balance and (iii) 75% QJSA Option;
n 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;
n Amended December 2008 for a Special Pension Accrual for CECONY Management
Employees;
n 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);

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Exhibit 10.1.1

n 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 Bargaining Contract
Between Local 1-2 and CECONY;
(4) Changes to the Suspension of Benefits Rule; and
(5) Administrative and Operational Changes;
n Amended June 2013 to Correct Prior Language Regarding Cash-Outs;
n 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
n Amended October 2013 to Take Into Account the Changes Resulting from the 2013
- 2017 Collective Bargaining Contract Between Local 3 and CECONY
n Amended to Take Into Account the
2014 - 2017 Collective Bargaining Agreement Between
Local Union 503 of the International Brotherhood of Electrical Workers, AFL-CIO
and O&R ;
n Amended to Take Into Account (1) the 2016 - 2020 Collective Bargaining
Contract Between Local Union 1-2 of the Utility Workers Union of America,
AFL-CIO and CECONY; (2) Changes Approved by the Boards for Management Employees
on and after January 1, 2017; and (3) Elimination of the Buy-Back Feature for
All Participants.

4

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Exhibit 10.1.1

TABLE OF CONTENTS

Introduction..............................................................................................
10

Article I
Definitions..................................................................................
19

1.01

Accredited
Service.................................................................
19

1.02

Accumulated
Benefit..............................................................
19

1.03

Accumulated Contributions....................................................
19

1.04

Actuarial
Equivalent...............................................................
19

1.05

Adjusted IRS Interest Rate....................................................
19

1.06

Affiliate...................................................................................
20

1.07

Annual Basic Straight-Time Compensation...........................
21

1.08

Annual Compensation...........................................................
22

1.09

Annual O&R Management Compensation............................
23

1.10

Annual Rate of Compensation...............................................
24

1.11

Annual Variable Pay Award...................................................
24

1.12

Annuity Starting Date or ASD................................................
24

1.13

Approved Leave of Absence..................................................
24

1.14

Austerity
Measures................................................................
25

1.15

Beneficiary.............................................................................
25

1.16

Board.....................................................................................
25

1.17

Break in
Service....................................................................
25

1.18

Cash Balance Account..........................................................
25

1.19

Cash Balance Accrued Benefit..............................................
25

1.20

Cash Balance Single Sum Payment......................................
25

1.21

Cash
Out...............................................................................
25

1.22

CECONY................................................................................
25

1.23

CECONY Austerity Affected Participant................................
25

1.24

CECONY Austerity Period.....................................................
26

1.25

CECONY Local 3 Employee -1.............................................
26

1.26

CECONY Management Participant.......................................
26

1.27

CECONY Management Plan.................................................
26

1.28

CECONY Participant.............................................................
26

1.29

CECONY Retiree Health Program........................................
26

1.30

CECONY Transferred Participant..........................................
26

1.31

CECONY Weekly Employee..................................................
26

1.32

CECONY Weekly Employee-1..............................................
27

1.33

CECONY Weekly Participant.................................................
27

1.34

CECONY Weekly Participant-1.............................................
27

1.35

CECONY Weekly Plan..........................................................
27

1.36

CEI Affiliate or CEI
Affiliates...................................................
27

1.37

CEI
Participant.......................................................................
27

1.38

Code......................................................................................
28

1.39

Code Section 415(c)(3) Compensation.................................
28

1.40

Company...............................................................................
30

1.41

Consolidated RPA ’94 Lump Sum Conversion Factors.............
30

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Exhibit 10.1.1

1.42

Credited
Service........................................................................
31

1.43

Disability....................................................................................
31

1.44

Domestic
Partner.......................................................................
31

1.45

Effective
Date............................................................................
31

1.46

Eligible
Employee......................................................................
31

1.47

Employee..................................................................................
32

1.48

Employer or
Employers.............................................................
32

1.49

ERISA.......................................................................................
32

1.50

Final Average
Pay.....................................................................
32

1.51

Final Average
Salary.................................................................
33

1.52

FMLA.........................................................................................
34

1.53

Highly Compensated Employee................................................
34

1.54

Hour of
Service.........................................................................
34

1.55

IRS Interest
..............................................................................
35

1.56

IRS Mortality
Table....................................................................
36

1.57

Layoff........................................................................................
37

1.58

Leased
Employee.....................................................................
37

1.59

Limitation
Year..........................................................................
37

1.60

Local
1-2...................................................................................
37

1.61

Local
3.......................................................................................
37

1.62

Local
503...................................................................................
37

1.63

Lump Sum Based Plan.............................................................
37

1.64

Lump Sum-Based Benefit Formula...........................................
38

1.65

Named
Fiduciary(ies)................................................................
38

1.66

Non-Suspendible
Month............................................................
38

1.67

Normal Retirement
Age............................................................
38

1.68

Normal Retirement
Date...........................................................
38

1.69

O&R..........................................................................................
38

1.70

O&R Austerity
Period................................................................
38

1.71

O&R Early Retirement Date......................................................
38

1.72

O&R
Employee.........................................................................
39

1.73

O&R Hourly
Employee..............................................................
39

1.74

O&R Hourly Employee-1...........................................................
39

1.75

O&R Management Employee...................................................
39

1.76

O&R
Participant........................................................................
39

1.77

O&R
Plan..................................................................................
39

1.78

Parental
Leave..........................................................................
39

1.79

Participant.................................................................................
39

1.80

Pension
Allowance....................................................................
40

1.81

Plan...........................................................................................
40

1.82

Plan
Administrator.....................................................................
40

1.83

Plan
Year...................................................................................
40

1.84

Pre-Tax
Contribution.................................................................
40

1.85

Prior Plan or Prior
Plans............................................................
40

1.86

Rule of 75
Participant................................................................
41

1.87

Rule of 85
Participant................................................................
41

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Exhibit 10.1.1

1.88

Severance.................................................................................
41

1.89

Social Security Retirement Age.................................................
41

1.90

Social Security Taxable Wage Base..........................................
41

1.91

Spousal
Consent.......................................................................
41

1.92

Stability
Period..........................................................................
41

1.93

Surviving Domestic
Partner.......................................................
42

1.94

Surviving
Spouse......................................................................
42

1.95

Total
Salary................................................................................
42

1.96

Trustee......................................................................................
42

1.97

Transferred O&R Management Participant...............................
43

1.98

Vesting
Service.........................................................................
43

1.99

Year of
Accredited.....................................................................
43

Article II
Participation..............................................................................
44

2.01

Participation
Requirements.......................................................
44

2.02

Events Affecting
Participation....................................................
45

2.03

Participation Upon Reemployment............................................
46

Article III
Service......................................................................................
53

3.01

Vesting
Service.........................................................................
53

3.02

Accredited
Service....................................................................
55

3.03

Re-employment of Participant-Suspension of Benefits and Break in Service
Rules..............................................................
57

Article IV Eligibility for and Amount of
Benefits...................................
63

4.01

Normal
Retirement....................................................................
63

4.02

Normal Retirement Pension Allowance.....................................
63

4.03

Late
Retirement.........................................................................
67

4.04

Early
Retirement.......................................................................
68

4.05

Vested Terminations Before Attaining Early Retirement............
75

4.06

Disability Pension Allowance - CECONY Participants..............
77

4.07

Disability - O&R Participant and O&R Disability Pension
Allowance..................................................................................
78

4.08

Spouse’s
Pension.....................................................................
80

4.09

Maximum Benefit Limitation......................................................
85

4.10

Transfers and Employment With an Affiliate.............................
92

4.11

Minimum
Benefits......................................................................
94

4.12

Additional
Provisions.................................................................
94

Article V Automatic Form of
Payment....................................................
95

5.01

Automatic Form of Payment......................................................
95

5.02

Optional Forms of Payment......................................................
98

5.03

Election of
Options....................................................................
108

5.04

Commencement of Payments...................................................
110

5.05

Distribution
Limitation................................................................
111

5.06

Time and Manner Distributions if Participant Dies
Before
ASD...............................................................................
112

5.07

Forms of
Distribution.................................................................
115

5.08

Direct Rollover of Certain Distributions.....................................
116

Article VI
Contributions...........................................................................
118

6.01

Employers’
Contributions..........................................................
118

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Exhibit 10.1.1

6.02

Return of
Contributions.............................................................
118

6.03

Non-Contributory
Nature...........................................................
118

Article VII Administration of
Plan...........................................................
119

7.01

Named
Fiduciaries....................................................................
119

7.02

Duties of Plan
Administrator......................................................
120

7.03

Meetings....................................................................................
121

7.04

Compensation and Bonding......................................................
121

7.05

Establishment of
Rules.............................................................
121

7.06

Prudent
Conduct.......................................................................
122

7.07

Actuary......................................................................................
122

7.08

Maintenance of
Accounts..........................................................
122

7.09

Service in More Than One Fiduciary Capacity..........................
122

7.10

Limitation of
Liability..................................................................
122

7.11

Indemnification..........................................................................
123

7.12

Appointment of Investment Manager........................................
123

7.13

Expenses of
Administration.......................................................
123

7.14

Claims and Review Procedures................................................
124

Article VIII Management of
Funds..........................................................
126

8.01

Trustee......................................................................................
126

8.02

Exclusive Benefit
Rule..............................................................
126

Article IX General
Provisions..................................................................
127

9.01

Nonalienation............................................................................
127

9.02

Conditions of Employment Not Affected by Plan.......................
128

9.03

Facility of
Payment....................................................................
128

9.04

Information................................................................................
128

9.05

Top-Heavy
Provisions...............................................................
128

9.06

Construction..............................................................................
131

9.07

Prevention of
Escheat...............................................................
131

Article X Amendment, Merger and Termination....................................
133

10.01

Amendment of
Plan...................................................................
133

10.02

Merger, Consolidation, or Transfer............................................
133

10.03

Additional Participating Companies..........................................
133

10.04

Termination of
Plan...................................................................
134

10.05

Limitation Concerning Highly-Compensated Employees and Highly-Compensated Former
Employees.................................
134

Article XI Cost-Of-Living
Adjustments...................................................
136

11.01

Eligibility-CECONY Participants................................................
136

11.02

Annual Adjustment-CECONY Participants................................
136

11.03

Percentage of Adjustment-CECONY Participants.....................
136

11.04

Limitation on Adjustments-CECONY Participants.....................
136

11.05

Index-CECONY Participants.....................................................
137

11.06

Eligibility and Adjustment-O&R Participants..............................
137

11.07

Eligible Spouse or Contingent Annuitant of O&R Participant....
137

11.08

Pension Benefit Adjustment Amount for Spouse or Contingent Annuitant of O&R
Participant....................................................
138

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Exhibit 10.1.1

11.09

Pension Benefit Adjustment for Alternate Payee of an O&R
Participant.................................................................................
138

Article XII 401(h)
Account........................................................................
141

12.01

Establishment............................................................................
141

12.02

Terms and
Conditions...............................................................
141

12.03

Contributions.............................................................................
141

12.04

Use of
Assets............................................................................
142

12.05

Modification, Amendment, and Termination..............................
142

12.06

Allocation of Responsibility for Payment...................................
142

Article XIII Return of Contributions to an O&R Participant..................
143

13.01

Vested O&R
Participant............................................................
143

13.02

An O&R Participant Not Vested................................................
143

13.03

Death of O&R
Participant..........................................................
143

13.04

Cessation of Pension Allowance...............................................
143

Article XIV Domestic Partner
Benefits...................................................
144

14.01

Domestic Partner Benefits: In General.....................................
144

14.02

Pre -Retirement Domestic Partner Survivor Annuity
Coverage...................................................................................
144

14.03

Post- retirement Domestic Partner Survivor Benefit
Coverage...................................................................................
145

14.04

Termination of Domestic Partnership........................................
145

Article XV Section 436
Limitations.........................................................
147

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.........................................................
147

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)...................................................................
148

15.03

Limitations Applicable If the Plan Sponsor Is In Bankruptcy.....
148

15.04

Provisions Applicable After Limitations Cease to Apply.............
149

15.05

Treatment of Plan Amendments That Do Not Take Effect.........
150

15.06

Interpretation of
Provisions.......................................................
150

15.07

PPA Rules Relating to Funding.................................................
150

15.08

Special
Definitions.....................................................................
150

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Exhibit 10.1.1

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.
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

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Exhibit 10.1.1

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.
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

11

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Exhibit 10.1.1

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.
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.
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.

12

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Exhibit 10.1.1

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 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

13

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Exhibit 10.1.1

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.
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.

14

--------------------------------------------------------------------------------

Exhibit 10.1.1

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.
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

15

--------------------------------------------------------------------------------

Exhibit 10.1.1

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 (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.
As a result of the 2014-2017 Collective Bargaining Agreement between Local 503
and Orange and Rockland Utilities, Inc., the Retirement Plan was amended to
provide for the following changes, as summarized below:
1.    On or after June 1, 2014, each employee who is hired or rehired by O&R as
an O&R Hourly Employee or transferred into a Local 503 title, will not be
eligible to participate in the Retirement Plan. For such O&R Hourly Employee,
participation has been frozen.
2.    The Retirement Plan was amended to adopt a “Pension Choice” temporary
program during which each existing O&R Hourly Employee who is covered under the
cash balance formula will have a choice between continuing in the Retirement
Plan or transferring into the Thrift Savings Plan and being covered under a
defined contribution pension formula.
3.    Effective for an O&R Hourly Employee who retires on or after January 1,
2016, and who is not covered under the cash balance formula, the “pivot year,”
will be 2012.
4.    Effective for an O&R Hourly Employee who retires after January 1, 2017,
the pension supplement will be increased to $1050 a month.
5.    Effective January 1, 2015, for purposes of calculating an Early Retirement
Pension Allowance, the early retirement age will be age 60.
6.    Effective beginning on or after January 1, 2015, the maximum pension
credits a

16

--------------------------------------------------------------------------------

Exhibit 10.1.1

disabled O&R Hourly Employee can earn will be 24 months. If, during that period,
he or she is approved for Social Security Disability Income Benefits, his or her
pension credit may be extended up to but no more than an additional 12 months,
so long as the extension does not exceed 36 months in total.
Additionally, in November 2014, the Board of Directors and Board of Trustees
agreed to amend the Retirement Plan as summarized below:
1.    Effective for an O&R Management Participant who after January 1, 2016, the
“pivot year,” will be 2012.
2.    Effective for an O&R Management Participant who retires after January 1,
2017, the pension supplement will be increased to $1050 a month.
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.
As a result of the June 2016 - 2020 collective bargaining contract between the
Utility Workers Union of America, AFL-CIO, Local 1-2 and Consolidated Edison
Company of New York, Inc., the Retirement Plan was amended to provide that each
Eligible Employee who (i) is a member of Local 1-2; (ii) hired between July 1,
2012 and June 25, 2016; and (iii) covered under the Cash Balance Pension Formula
(“ CEI Participant”) will be given a Pension Choice. Also, each Eligible
Employee, other than a Provisional Customer Field Representative, who (i) is a
member of Local 1-2 and (ii) hired on or after June 26, 2016, will be given a
Pension Choice.
Effective as of January 1, 2017, the Retirement Plan was amended to provide that
on or after January 1, 2017, each CECONY management employee, each O&R
management employee, or CEI Affiliate employee who was first hired, or rehired,
reinstated, reemployed, resumes, or otherwise returns to employment after a
break in employment, and who began to receive or received some or all of her or
his Pension Allowance will not be eligible to participate in the Retirement
Plan.
Effective beginning July 1, 2017, up to and ending June 30, 2021, each CEI
Participant who is a CECONY management employee, O&R management employee, or a
CEI Affiliate employee will be given a Pension Choice.

The Retirement Plan also was amended, effective on or about June 2017, to
provide that each CECONY Management Participant and each O&R Management
Participant, including

17

--------------------------------------------------------------------------------

Exhibit 10.1.1

a former actively employed CECONY Management Participant and O&R Management
Participant, who is not in pay status and has a vested accrued benefit, in
addition to the currently available forms of payment options, will be given as
an optional form of Pension Allowance, a lump-sum single payment when he or she
elects to begin his or her pension benefit.
Effective January 1, 2017, Con Edison Transmission, Inc. has become a
Participating Employer.

18

--------------------------------------------------------------------------------

Exhibit 10.1.1

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 2½ 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.
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

19

--------------------------------------------------------------------------------

Exhibit 10.1.1

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%.

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

20

--------------------------------------------------------------------------------

Exhibit 10.1.1

Limitation, the definitions in Code Sections 414(b) and (c) shall be modified as
provided in Code Section 415(h).
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. For a CEI Participant who is a
member of Local 1-2, 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.
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

21

--------------------------------------------------------------------------------

Exhibit 10.1.1

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.

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

22

--------------------------------------------------------------------------------

Exhibit 10.1.1

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 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.
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

23

--------------------------------------------------------------------------------

Exhibit 10.1.1

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
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.

24

--------------------------------------------------------------------------------

Exhibit 10.1.1

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.
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.
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.

25

--------------------------------------------------------------------------------

Exhibit 10.1.1

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 Employee means an Employee hired by and on the
management payroll of CECONY.
1.27    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.
1.28    CECONY Management Plan means the Consolidated Edison Retirement Plan for
Management Employees, as in effect on December 31, 2000.
1.29    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.
1.30    CECONY Retiree Health Program means The Consolidated Edison Retiree
Health Program.
1.31    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.
1.32    CECONY Weekly Employee means both an Eligible Employee and employed by
and on the weekly payroll of CECONY as a member of Local 1-2, or a member of
Local 3. In all

26

--------------------------------------------------------------------------------

Exhibit 10.1.1

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.
1.33    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.
1.34    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.     
1.35    CECONY Weekly Participant-1 means a CECONY Weekly Employee-1 and a
CECONY Local 3 Employee-1, who participates in the Retirement Plan.
1.36    CECONY Weekly Plan means the Consolidated Edison Pension and Benefits
Retirement Plan as in effect on December 31, 2000.
1.37    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.
Effective January 1, 2017, Con Edison Transmission, Inc. (“CET”) has
affirmatively adopted the Plan and the Boards approved the participation by CET
as a Participating Employer. On or after January 1, 2017, an CET employee who
was first hired, or rehired, reinstated, reemployed, resumes, or otherwise
returns to employment after a break in employment on or after January 1, 2017,
and who began to receive or received some or all of her or his Pension Allowance
will not be eligible to participate in the Retirement Plan.
1.38    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 and before January
1, 2017. A CEI Participant is not an Affected IP Employee (as defined in
Appendix J). CEI Participant also

27

--------------------------------------------------------------------------------

Exhibit 10.1.1

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.
On or after June 26, 2016, a CEI Participant also means an Eligible Employee who
is (i) a member of Local 1-2; (ii) hired, rehired, transferred, reinstated, or
returning to the weekly payroll of CECONY; (iii) entitled to a Pension Choice
election; and (iv) affirmatively elects to be covered under the Cash Balance
Pension Formula.
A CEI Participant (also referred to in the 2016-2020 Collective Bargaining
Contract as a Cash Balance Participant) includes a member of Local 1-2, hired
between July 1, 2012, and June 25, 2016, and covered under the Cash Balance
Pension Formula.
1.39    Code means the Internal Revenue Code of 1986, as amended from time to
time.
1.40    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), 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

28

--------------------------------------------------------------------------------

Exhibit 10.1.1

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.
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).

29

--------------------------------------------------------------------------------

Exhibit 10.1.1

For Plan Years beginning after July 1, 2007, Code Section 415(c)(3) Compensation
also includes compensation paid by the later of 2 ½ 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 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 ½ months after the date of Severance or the end of the Plan Year that
includes the date of Severance.
1.41    Company means CEI or any successor by merger, purchase or otherwise.
1.42    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.

30

--------------------------------------------------------------------------------

Exhibit 10.1.1

1.43    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.
1.44    Defined Contribution Pension Formula means the noncontributory Defined
Contribution Pension Formula in the Consolidated Edison Thrift Savings Plan.
1.45    Disability means a total and permanent disability, which qualifies the
Participant to receive Social Security disability benefits.
1.46    Domestic Partner means the person who meets the criteria enumerated in
Article XIV and is registered as the Domestic Partner of a Participant. On and
after January 1, 2013, on account of federal law recognizing same-sex marriages,
the Retirement Plan does not recognize Domestic Partners or Domestic Partner
benefits for a CECONY Management Employee, O&R Management Employee, or a CEI
Affiliate employee.
1.47    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.
1.48    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 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.

31

--------------------------------------------------------------------------------

Exhibit 10.1.1

Effective January 1, 2017, the Board of Directors of CEI, the Board of Trustees
of CECONY, and the Board of Directors of O&R, have approved the closing of the
Retirement Plan to each CECONY management employee, O&R management employee, or
CEI Affiliate employee hired on or after January 1, 2017.
On or after January 1, 2017, each CECONY management employee, O&R management
employee, or CEI Affiliate employee who is rehired, reinstated, reemployed,
resumes, or otherwise returns to employment after a break in employment on or
after January 1, 2017, and who began to receive or received some or all of her
or his Pension Allowance will not be eligible to participate in the Retirement
Plan. On and after January 1, 2017, she or he will not return to the Retirement
Plan and will not earn additional Years of Accredited Service. If an individual
was covered under the Final Average Pay Formula, the career average formula, or
the total salary formula, and distribution had begun, any future salary, pay,
variable pay, or compensation increases are not taken into account to increase
her or his Pension Allowance accrued before January 1, 2017.
However, if, on or after January 1, 2017, a CECONY management employee, O&R
management employee, or CEI Affiliate employee, is rehired, reinstated,
reemployed, resumes, or otherwise returns to employment after a break in
employment, and has a vested accrued Pension Allowance and had not begun
distribution, including a cash out or single sum, he or she will become an
Eligible Employee.
An Eligible Employee excludes an employee who is a member of Local 1-2 and hired
into the title of Provisional Customer Field Representative (“PCFR”).
1.49    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.
1.50    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 and Consolidated Edison, Inc.
1.51    ERISA means the Employee Retirement Income Security Act of 1974, as
amended from time to time.
1.52    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

32

--------------------------------------------------------------------------------

Exhibit 10.1.1

(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.
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.
1.53 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, or during all of the months of his or her Accredited Service if he or
she has less than sixty (60), or

33

--------------------------------------------------------------------------------

Exhibit 10.1.1

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).
1.54    FMLA means the Family and Medical Leave Act of 1993, as amended from
time to time.
1.55    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.
1.56    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).
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

34

--------------------------------------------------------------------------------

Exhibit 10.1.1

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.
1.57    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

35

--------------------------------------------------------------------------------

Exhibit 10.1.1

Period. The second full calendar month preceding the applicable Stability Period
is referred to as the “Look-back Month.”
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.
1.58    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 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

36

--------------------------------------------------------------------------------

Exhibit 10.1.1

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.
1.59    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.
1.60    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
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….”
1.61    Limitation Year means the calendar year.
1.62    Local 1-2 means Local Union Nos. 1-2 of the Utility Workers Union of
America, AFL-CIO.
1.63    Local 3 means Local Union No. 3 of the International Brotherhood of
Electrical Workers, AFL-CIO.
1.64    Local 503 means Local Union No. 503 of the International Brotherhood of
Electrical Workers, AFL-CIO.
1.65    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

37

--------------------------------------------------------------------------------

Exhibit 10.1.1

accrued benefit under the terms of the Plan is calculated as the actuarial
equivalent of such a hypothetical account balance.
1.66    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.
1.67    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.
1.68    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).
1.69    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.
1.70    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.
1.71    O&R means Orange and Rockland Utilities, Inc. and its affiliates,
Rockland Electric Company and Pike County Light and Power Company.
1.72    O&R Austerity Period means the period that begins on August 1, 2009 and
ends on June 30, 2010.
1.73    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. Effective January 1, 2013, for an O&R Hourly Participant who
has not attained age 50 on or before January 1, 2015, Early

38

--------------------------------------------------------------------------------

Exhibit 10.1.1

Retirement Date means termination of employment on or after attainment of age 60
and completion of ten (10) years of Vesting Service.
1.74    O&R Employee means an Employee employed by and on the active payroll of
O&R.
1.75    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. Each O&R Hourly Employee who is hired or rehired on and after June
1, 2014, is not eligible to participate in the Retirement Plan.
1.76    O&R Hourly Employee-1 means an O&R Hourly Employee who is hired on or
after January 1, 2005.
1.77    O&R Management Employee means an O&R Employee on the management payroll
of O&R as of December 31, 2000. On and after January 1, 2017, an O&R Management
Employee hired on and after January 1, 2017, does not become an Eligible
Employee. 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.
1.79    O&R Plan means the Employees’ Retirement Plan of Orange and Rockland
Utilities, Inc. as in effect on December 31, 2000.
1.80    Parental Leave means a period in which the Employee is absent from work
immediately following his or her active employment because of the 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.
1.81    Participant means a CECONY Participant, O&R Participant, and a CEI
Participant.
1.82    Pension Choice means a one-time irrevocable election provided to a CEI
Participant or an Eligible Employee. If a CEI Participant, she or he may elect
to remain covered under the Cash Balance Pension Formula in the Retirement Plan
or to transfer to Defined Contribution Pension Formula in the Thrift Savings
Plan. If an Eligible Employee afforded an election, she or he may elect to be
covered under the Cash Balance Pension Formula in the Retirement Plan or

39

--------------------------------------------------------------------------------

Exhibit 10.1.1

to transfer to Defined Contribution Pension Formula in the Thrift Savings Plan.
A CEI Participant who has a Pension Choice will be given a timed opportunity to
transfer to the Defined Contribution Pension Formula.
If she or he transfers to the Defined Contribution Pension Formula, her or his
Cash Balance Account remains in the Retirement Plan.
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.
Plan means The Consolidated Edison Retirement Plan, as set forth in this
document, and as amended from time to time.
1.83    Plan Administrator means the person or persons designated by the Named
Fiduciaries to administer and supervise the Retirement Plan as provided in
Article 7.
1.84    Plan Year means the calendar year.
1.85    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.
1.86    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.
1.87    Provisional Customer Field Representative (“PCFR”)means an Employee who
is a member of Local 1-2 and working as a Provisional Customer Field
Representative. The title “PCFR” is created by the 2016-2020 Collective
Bargaining Contract between the Utility Workers Union of America, AFL-CIO, Local
1-2 and Consolidated Edison Company of New York, Inc. A PCFR employee is not
eligible to participate in the Retirement Plan. If a PCFR employee is
transferred into a position or title which is eligible to participate in the
Retirement Plan, and she or he does become a Participant in the Retirement Plan,
then, based on the classification and date of participating, she or he will earn
accredited service used to calculate the pension benefit beginning on the
earliest date following her or his transfer date. Hours of service earned before
the transfer count for vesting purposes only and are not taken into account for
Accredited

40

--------------------------------------------------------------------------------

Exhibit 10.1.1

Service used to calculate the pension benefit.
1.88    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.
1.89    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.
1.90    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.
1.91    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.
1.92    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.
1.93    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 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.
1.94    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

41

--------------------------------------------------------------------------------

Exhibit 10.1.1

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.
1.95    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.
1.96    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.
1.97    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.
1.98    Trustee means the trustee or trustees by whom the funds of the Plan are
held, as provided in Article 8.

42

--------------------------------------------------------------------------------

Exhibit 10.1.1

1.99    Transferred O&R Management Participant means an Employee described in
Appendix C of the Retirement Plan.
1.100    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.
1.101    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.
Effective January 1, 2017, each CECONY management employee, O&R management
employee, or CEI Affiliate employee who is who is rehired, reinstated,
reemployed, resumes, or otherwise returns to employment after a break in
employment, other than for an Approved Leave of Absence, on or after January 1,
2017, and has received or has begun to receive, in whole or in part,
distribution of her or his Pension Allowance will not earn or have credited
Years of Accredited Service on or after January 1, 2017 and future salary, pay,
variable pay, or compensation increases, will not be taken into account.

43

--------------------------------------------------------------------------------

Exhibit 10.1.1

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.
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

44

--------------------------------------------------------------------------------

Exhibit 10.1.1

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.
i.
Each O&R Hourly Employee who (i) was hired on or after January 1, 2010, and
before

June 30, 2014, and was actively employed as of June 30, 2014 (“O&R PC
Participant”) will be given an opportunity to make a 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 an O&R PC Participant will be accepted
after December 31, 2015.
j.
Each O&R Hourly Employee who is hired on or after June 30, 2014, is not eligible
to

participate in the Retirement Plan.
k.
Entry Closed - On November 17, 2016, the Board of Directors of CEI, the Board of

Directors of O&R, and the Board of Trustees of CECONY have approved amending,
effective January 1, 2017, the Plan to close entry into the Plan for each CECONY
management employee, O&R management employee, or CEI Affiliate employee hired or
after January 1, 2017. Additionally, each CECONY management employee, O&R
management employee, or CEI Affiliate employee, who is rehired, reinstated,
reemployed, resumes, or otherwise returns to employment after a break in
employment, other than an Approved Leave of Absence, is not an Eligible
Employee, not eligible to participate in the Retirement Plan, and does not
become a Participant. However, if a CECONY management employee, O&R management
employee, or CEI Affiliate employee has an accrued vested Pension Allowance and
deferred the distribution, in whole or in part, of his or her Pension Allowance,
she or he may be entitled to reenter the Retirement Plan. The closing of entry
into the Retirement Plan is to be broadly interpreted and preempts and overrides
any settlement agreements, judicial awards, conflicting language in the Plan or
other document and all other actions that would otherwise contradict this
provision. If there is a question or conflict as to how to operate, administer,
or interpret the closing of entry, the resolution is to favor closure.

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

45

--------------------------------------------------------------------------------

Exhibit 10.1.1

to be an Eligible Employee.
Beginning on and after January 1, 2017, each CECONY Management Participant, O&R
Management Participant, or CEI Affiliate Participant, who is hired, rehired,
reinstated, reemployed, resumes, or otherwise returns to employment after a
break in employment, other than an Approved Leave of Absence, does not resume
participation in the Retirement Plan. However, if a CECONY Management
Participant, O&R Management Participant, or CEI Affiliate Participant had a
vested accrued Pension Allowance and deferred, in whole or in part, the
distribution of his or her Pension Allowance, she or he may be entitled to
reenter the Retirement Plan.

2.03    Participation Upon Reemployment
Soley for Plan Years beginning before January 1, 2017, if the participation of a
CECONY Participant or a CEI Participant ends and he or she again becomes an
Eligible Employee before Plan Years beginning January 1, 2017, 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 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 Pension Choice Participant Who is a Member of Local
503 or Local 3
a.
The Pension Choice program provides a one-time opportunity for each (1) member
of

Local 3 who was hired by CECONY between January 1, 2010 and June 29, 2013 or (2)
each member of Local 503 who was hired by O&R between January 1, 2010 and June
1, 2014 (in both cases, a “Pension Choice Participant” or a “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 as
described in the Consolidated Edison Thrift Savings Plan (“Thrift Savings
Plan”).
b.
Each member of Local 3 who was hired by CECONY on or after June 30, 2013, is a
PC

Participant and may make an irrevocable election to have his or her pension
determined under the Cash Balance Pension Formula in the Retirement Plan or the
Defined Contribution Pension Formula.
c.
The election period for a PC Participant will begin no later than January 1,
2014, for a

46

--------------------------------------------------------------------------------

Exhibit 10.1.1

member of Local 3 or January 1, 2015, for a member of Local 503, and, in both
cases, 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.
d.
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.
e.
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.
f.
A PC Participant who takes no action during the PC Election Period will remain
in the

Cash Balance Pension Formula.
g.
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.
h.
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. An O&R PC Participant who elects
to transfer, as of the date of his or her transfer, will receive an interest
credit based on 30-year U.S. Treasury bonds, subject to a minimum floor of 4%
and a maximum ceiling of 9% on his or her Cash Balance Pension benefit accrued
to date.
2.05    Pension Choice For Newly Hired or Rehired CECONY Weekly Employee Who is
a Member of Local 3
a.
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

47

--------------------------------------------------------------------------------

Exhibit 10.1.1

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.
b.
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.
c.
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.
d.
Special Treatment for a 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. If he or she elects to
participate in the Cash Balance Pension Formula, he or she will be given past
service credit for vesting purposes only 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.

2.06    Pension Choice for a CECONY Weekly Employee Who is a Member of Local 1-2
and Covered under the Cash Balance Pension Formula
a.
Effective January 1, 2017, a Pension Choice, will be given to a CECONY Weekly

Employee who is a member of Local 1-2 and as of June 25, 2016, is covered under
the Cash Balance Pension Formula in the Retirement Plan.
b.
The CECONY Weekly Employee who is a member of Local 1-2, hired between July 1,

2012, and June 25, 2016, and covered under the Cash Balance Pension Formula in
the Retirement Plan (“CEI Participant”) will be given a one-time opportunity to
make an irrevocable election to transfer out of the Retirement Plan and into the
Defined Contribution Pension Formula in the Consolidated Edison Thrift Savings
Plan. The Defined Contribution Pension Formula is described in the Thrift
Savings Plan.
c.
The election period for this CEI Participant will begin as soon as
administratively

48

--------------------------------------------------------------------------------

Exhibit 10.1.1

practicable, subject to statutory requirements, but no later than January 1,
2017, and will end on June 20, 2020. The CEI Participant may make her or his
election at any time during this election period.
d.
If this CEI Participant elects to transfer out of the Retirement Plan and into
the Defined

Contribution Pension Formula, his or her active participation in the Retirement
Plan will terminate at the end of the calendar quarter in which he or she
submits his or her election form.
e.
This election by this CEI Participant to transfer out of the Retirement Plan is
irrevocable

and remains in effect for as long as he or she is a member of the Local 1-2
bargaining unit. A new election is not available if the CEI Participant is
rehired, returning to or reinstated following any break in service or
termination of employment or transfers to another bargaining unit or to
management.
f.
This CEI Participant will begin participation in the Defined Contribution
Pension Formula

on the first day of the calendar quarter immediately following the end of the
calendar quarter in which he or she submitted the election form.
g.
This CEI Participant who makes an election to terminate active participation in
the

Retirement Plan will receive no additional compensation credits to his or her
Cash Balance Pension benefit in the Retirement Plan. His or her Cash Balance
Pension benefit remains in the Retirement Plan and will not be transferred to
the Thrift Savings Plan.
h.
Such CEI Participant who makes an election to terminate active participation in
the

Retirement Plan will continue to receive quarterly interest credits on his or
her Cash Balance Pension benefit until the date that he or she begins
distribution of his or her Cash Balance Pension benefit from the Retirement
Plan.
i.
All CEI Participants will be provided an election form and education materials
on their

pension benefit options by the Company in order to evaluate their elections.
2.07    Pension Choice for a CECONY Weekly Employee Who is a Member of Local 1-2
and Hired On or After June 26, 2016
a.
Each CECONY Weekly Employee who is a member of Local 1-2 and hired on or after

June 26, 2016, will be given a one-time opportunity to make an irrevocable
election to be covered under either the Cash Balance Pension Formula in the
Retirement Plan or the Defined Contribution Pension Formula in the Thrift
Savings Plan. A PCFR is not eligible to participate in the Retirement Plan.
b.
The election period for such CECONY Weekly Employee will begin on his or her
date of

hire and will end 60 days after his or her date of hire.
c.
If such CECONY Weekly Employee fails to make a timely election, he or she will
be

49

--------------------------------------------------------------------------------

Exhibit 10.1.1

deemed to have made an irrevocable election to be covered under the Defined
Contribution Pension Formula and he or she will not be given another Pension
Choice Election.
d.
This election is irrevocable and remains in effect for as long as heor she is a
member of

the Local 1-2 bargaining unit. A new election is not available if such
Participant is rehired or reinstated following any break in service or
termination of employment or transfers to another bargaining unit or to
management.
2.08    Pension Choice for CEI Participant Who is A CECONY or O&R Management
Employee Covered under the Cash Balance Pension Formula
a.
Effective July 1, 2017, a Pension Choice will be given to each CEI Participant
who is a

CECONY Management Employee, an O&R Management Employee, or an Employee of a CEI
Affiliate, including an employee of Con Edison Transmission, Inc. (for this
Subsection 2.08, each CEI Participant who is a CECONY Management Employee, an
O&R Management Employee, or an Employee of a CEI Affiliate is referred to as a
“Management CEI Participant”) covered under the Cash Balance Pension Formula.
b.
Each Management CEI Participant will be given a one-time opportunity to make an

irrevocable election to transfer out of the Retirement Plan and into the Defined
Contribution Pension Formula in the Consolidated Edison Thrift Savings Plan. The
Defined Contribution Pension Formula is described in the Thrift Savings Plan.
c.
The election period for a Management CEI Participant will begin as soon as

administratively practicable, subject to statutory requirements, but no later
than June 1, 2017, and will end on December 31, 2021. Each Management CEI
Participant may make her or his election at any time during this election
period.
d.
If a Management CEI Participant elects to transfer out of the Retirement Plan
and into the

Defined Contribution Pension Formula, his or her active participation in the
Retirement Plan will terminate at the end of the calendar quarter in which he or
she submits his or her election form.
e.
This election by a Management CEI Participant to transfer out of the Retirement
Plan is

irrevocable and remains in effect for as long as he or she is an Employee,
Eligible Employee, or providing services to CEI or any Affiliate. A new election
is not available if the Management CEI Participant is rehired or reinstated
following any break in service or termination of employment.
f.
The Management CEI Participant will begin participation in the Defined
Contribution

Pension Formula on the first day of the calendar quarter immediately following
the end of the calendar quarter in which he or she submitted the election form
or as soon as administratively practicable.0020
g.
A Management CEI Participant who makes an election to terminate active
participation in

50

--------------------------------------------------------------------------------

Exhibit 10.1.1

the Retirement Plan will receive no additional compensation credits to his or
her Cash Balance Pension benefit in the Retirement Plan. His or her Cash Balance
Pension benefit remains in the Retirement Plan and will not be transferred to
the Thrift Savings Plan.
h.
A Management CEI Participant who makes an election to terminate active
participation in

the Retirement Plan will continue to receive quarterly interest credits on his
or her Cash Balance Pension benefit until the date that he or she begins
distribution of his or her Cash Balance Pension benefit from the Retirement
Plan.

2.09    Pension Choice Irrevocable
a.
Each Participant, including without exception, each member of Local 1-2, Local
3, Local

503, a Management CEI Participant, a former actively employed individual, or an
individual who is employed by a CEI Affiliate, who makes an election to
transfer, or fails to make an election and is defaulted, to the Defined
Contribution Pension Formula, does so knowingly and voluntarily, without
coercion, or any direct, or indirect influence by the Employer or the Company.
Each individual has been given reasonable time and relevant information to make
an election. To the full extent permitted, in no event will a court order,
arbitration agreement, settlement agreement, judicial order, or agreement of any
sort, have the effect of overriding or reversing the decision to transfer out of
the Retirement Plan. The decision to transfer is irrevocable and he or she will
no longer be eligible in the future to enter or reenter into the Retirement
Plan.

51

--------------------------------------------------------------------------------

Exhibit 10.1.1

2.09    PENSION CHOICE
As of January 1, 2017, the following chart summaries which Participant Group has
a Pension Choice election and the time period in which such Participant Group
may exercise such Pension Choice election:
 
Participant Group
Date
Pension Choice Begins
Date
Pension Choice Ends
 
 
 
 
1.
Local 3 -
Each Local 3 member hired before June 30, 2013, and covered under the Cash
Balance Formula
No later than January 1, 2014
December 31, 2015
 
 
 
 
2.
Local 3 -
Each Local 3 member hired on or after June 30, 2013
Date of hire
60 days after date of hire
 
 
 
 
3.
Local 503 -
Each member of Local 503 hired on or after January 1, 2010, and covered under
the Cash Balance formula
January 1, 2015, end
December 31, 2015
 
 
 
 
4.
Local 1-2 -
Each member of Local 1-2, hired between July 1, 2012, and June 25, 2016, and
covered under the Cash Balance Pension Formula
No later than January 1, 2017
June 20, 2020
 
 
 
 
5.
Local 1-2 -
Each member of Local 1-2, hired on or after June 25, 2016
Date of hire
60 days after date of hire
 
 
 
 
6
CECONY or O&R Management Employees or CEI Affiliate Employees-
Each CECONY, O&R management employee or hired on or after January 1, 2001 and
covered under the Cash Balance Pension formula
June 1, 2017
December 31, 2021
 
 
 
 

52

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Exhibit 10.1.1

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.

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

53

--------------------------------------------------------------------------------

Exhibit 10.1.1

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.
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.

54

--------------------------------------------------------------------------------

Exhibit 10.1.1

e.
Leave of Absence

1.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.
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 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.

55

--------------------------------------------------------------------------------

Exhibit 10.1.1

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.
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

56

--------------------------------------------------------------------------------

Exhibit 10.1.1

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 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.
Beginning on and after January 1, 2017, the Retirement Plan has been closed to
each

CECONY management employee, O&R management employee, and CEI Affiliate employee
hired on and after January 1, 2017 without regard to whether she or he is an
Employee.
b.
Beginning on and after January 1, 2017, any Participant who is a CECONY
management

employee, O&R management employee, or CEI Affiliate employee and has taken a
distribution or commenced a payment, in whole or in part, of his or her Pension
Allowance and is rehired, reinstated, reemployed, resumes, or otherwise returns
to employment after a break in employment on or after January 1, 2017 will not
be eligible to participate in the Retirement Plan. Service earned or accrued on
and after January 1, 2017, will not be taken into account under the Retirement
Plan. The Suspension of Benefits rule will continue to be effective.
c.
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:

57

--------------------------------------------------------------------------------

Exhibit 10.1.1

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.
This subsection is applicable before Plan Year January 1, 2017; the rules have
changed significantly for Plan Years beginning on and after January 1, 2017. For
Plan Years beginning before January 1, 2017, if the Participant is employed by
an Employer as an Eligible Employee, upon later retirement or termination, he or
she may 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 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.

58

--------------------------------------------------------------------------------

Exhibit 10.1.1

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.

d.
Re-employment Without Break in Service For Plan Years beginning before January
1,

2017, 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.
Re-employment After Break in Service For Plan Years beginning before January 1,
2017, 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.
Effective on or before Plan Years beginning before December 31, 2012, 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.
Effective on and after January 1, 2013, a CECONY Participant who terminates

59

--------------------------------------------------------------------------------

Exhibit 10.1.1

employment on, before, or after January 1, 2013, receives a Cash Out, including
a cash out -single sum payment of his or her Cash Balance Account, 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, will not be entitled to repay his or her Cash Out or
single sum, 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.
4.
Upon later termination or retirement of a CECONY Participant whose previous
Accredited Service has been restored under this Section 3.03(c), 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.

5.
Effective on and after January 1, 2016, a CECONY Participant who terminated
employment before January 1, 2013, received a Cash Out or Cash Balance Single
Sum Payment (together “Cash Out”), and was restored to active service before
January 1, 2013, will be given until December 31, 2018 to repay her or his Cash
Out. If she or he does not repay her or his Cash Out, with interest, by December
31, 2018, she or he will lose and forfeit forever the right to repay. She or he
will never be entitled to have restored her or his prior Credited Service
attributed to the Cash Out.

e.
Re-employment of Non-vested Participant After Break in Service Effective for
Plan Years

beginning before January 1, 2017, 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.
3.Any Accredited Service to which the Participant was entitled at the time of
his or

60

--------------------------------------------------------------------------------

Exhibit 10.1.1

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.
f.
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.
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

61

--------------------------------------------------------------------------------

Exhibit 10.1.1

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.

62

--------------------------------------------------------------------------------

Exhibit 10.1.1

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).
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:

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Exhibit 10.1.1

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 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

64

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Exhibit 10.1.1

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 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.

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

65

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Exhibit 10.1.1

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 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

66

--------------------------------------------------------------------------------

Exhibit 10.1.1

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.

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 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

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Exhibit 10.1.1

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.
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

68

--------------------------------------------------------------------------------

Exhibit 10.1.1

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.

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.

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

69

--------------------------------------------------------------------------------

Exhibit 10.1.1

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 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

70

--------------------------------------------------------------------------------

Exhibit 10.1.1

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 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 Retirement

71

--------------------------------------------------------------------------------

Exhibit 10.1.1

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 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. Effective
for an O&R Management Participant or an O&R Hourly Participant who retires on or
after January 1, 2017 and is eligible for the Early Retirement Supplement, such
supplement payment will be increased from nine hundred dollars ($900) a month

72

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Exhibit 10.1.1

to one thousand and fifty dollars ($1,050) 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 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

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Exhibit 10.1.1

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.
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.

6.
Special Rule for an O&R Hourly Participant who had not attained age 50 by
January 1, 2015 (“O&R Hourly Participant Tier 1”)

i.
For purposes of calculating an Early Retirement Pension Allowance, an O&R Hourly
Participant Tier 1 may have his or her Pension Allowance that has been accrued
as of December 31, 2014 (“Pre 2015 Pension Accrual”) calculated differently than
the portion of his or her Pension Allowance that is accrued on and after January
1, 2013 (“Post 2014 Pension Accrual”), as set forth by the rules herein. 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 2015 Pension Accrual.

ii.
If an O&R Hourly 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 2015 Pension
Accrual will be determined under the applicable benefit formula set forth in
Appendix F, without reduction.

iii.
If an O&R Hourly 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 2014 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 Hourly 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

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Exhibit 10.1.1

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 2015
Pension Accrual will be reduced by four percent (4%). His or her Post 2014
Pension Accrual will be reduced by five percent (5%) for every year distribution
begins between the ages of 55 and 60.
v.
If an O&R Hourly 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.
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

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Exhibit 10.1.1

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 ½ of 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

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Exhibit 10.1.1

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. 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 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

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Exhibit 10.1.1

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 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

78

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Exhibit 10.1.1

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 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

79

--------------------------------------------------------------------------------

Exhibit 10.1.1

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 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.
d.
Pension Credit During Long Term Disability. Effective January 1, 2015, an O&R
Hourly

Employee, who is not receiving his or her pension allowance but receiving long
term disability benefits and/or Social Security disability benefits, will
receive credit for vesting or for credited service under the Retirement Plan or
the new Defined Contribution Pension formula, as applicable, while receiving
such long term disability benefits, for up to but no more than twenty-four (24)
months, or, if approved for Social Security disability benefits, thirty-six (36)
months.
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

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Exhibit 10.1.1

survivor annuity payable 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, 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

81

--------------------------------------------------------------------------------

Exhibit 10.1.1

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.
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

82

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Exhibit 10.1.1

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 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 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

83

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Exhibit 10.1.1

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 (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

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--------------------------------------------------------------------------------

Exhibit 10.1.1

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 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”).
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

85

--------------------------------------------------------------------------------

Exhibit 10.1.1

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.
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
½ 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

86

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Exhibit 10.1.1

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.
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.

4.
The determination of actuarial equivalence of forms of a Pension Allowance other
than a straight life annuity in determining whether the

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Exhibit 10.1.1

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.

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

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Exhibit 10.1.1

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 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.

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Exhibit 10.1.1

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 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.

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.

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Exhibit 10.1.1

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 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

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Exhibit 10.1.1

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 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 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

92

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Exhibit 10.1.1

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.
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

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Exhibit 10.1.1

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.
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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Exhibit 10.1.1

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.
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

95

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Exhibit 10.1.1

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.
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

96

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Exhibit 10.1.1

50% survivor annuity that is the actuarial equivalent of the single life
annuity. If such CECONY Weekly Participant elects an optional form of 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.
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

97

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Exhibit 10.1.1

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.

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

98

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Exhibit 10.1.1

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 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 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

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Exhibit 10.1.1

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.

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

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Exhibit 10.1.1

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 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.

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--------------------------------------------------------------------------------

Exhibit 10.1.1

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 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 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

102

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Exhibit 10.1.1

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, 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

103

--------------------------------------------------------------------------------

Exhibit 10.1.1

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.
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 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

104

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Exhibit 10.1.1

Table, the IRS Interest Rate and the Participant’s age as of the month of
determination.
iv.
Effective on and after June 1, 2017, a CECONY Management Participant may elect
to receive her or his Pension Allowance otherwise payable to her or him in the
form of a Cash Out. This optional form of Pension Allowance is available to each
CECONY Management Participant who has 75 or more points. If the CECONY
Management Participant is entitled, his or her Cash Out will be calculated
taking into account an early retirement subsidy. If the CECONY Management
Participant is married at both the time of making the election and the Annuity
Starting Date, she or he must have spousal consent.

v.
Beginning on and after June 1, 2017, a CECONY Management Participant who has
terminated employment and has deferred distribution of his or her Pension
Allowance may elect to receive a Cash Out.

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
annuitant under an option, the value of the Pension

105

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Exhibit 10.1.1

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 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

106

--------------------------------------------------------------------------------

Exhibit 10.1.1

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% 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.

8.
Effective on and after June 1, 2017, an O&R Management Participant may elect to
receive her or his Pension Allowance otherwise payable to her or him in the form
of a Cash Out. The election to receive a Cash Out may be made at any time
subsequent to the O&R Management Participant's termination of employment, so
long as the O&R Management Participant has made no other election. If the O&R
Management Participant is married at both the time of making the election and
the

107

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Exhibit 10.1.1

Annuity Starting Date, she or he must have spousal consent.
9.
An O&R Management Participant who, as of June 1, 2017, has deferred and has not
begun to receive her or his Pension Allowance may elect to receive a Cash Out.

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 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.

108

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Exhibit 10.1.1

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 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.
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

109

--------------------------------------------------------------------------------

Exhibit 10.1.1

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;
2.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;
3.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;
4.payment does not commence less than seven days following the day after the
explanation is received by the Participant; and
5.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.
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 70½ or terminates

110

--------------------------------------------------------------------------------

Exhibit 10.1.1

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 ½. 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 ½.
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.
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

111

--------------------------------------------------------------------------------

Exhibit 10.1.1

amount of annuity payments for payment intervals ending on or after the
employee's Required Beginning Date.
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
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 Unless the Participant’s interest is distributed
in a single sum on or before the Required Beginning Date, the first Distribution
Calendar Year distributions will be

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Exhibit 10.1.1

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;
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

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Exhibit 10.1.1

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.
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.
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:

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Exhibit 10.1.1

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
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.

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Exhibit 10.1.1

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 ½ 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 31st of the calendar year containing
the fifth anniversary of the Participant's death.
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 relations
order. Notwithstanding a contrary provision in the Retirement Plan, effective
January 1, 2009, a Distributee also includes

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Exhibit 10.1.1

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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Exhibit 10.1.1

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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Exhibit 10.1.1

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 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

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Exhibit 10.1.1

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;
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;

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Exhibit 10.1.1

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;
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.
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

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Exhibit 10.1.1

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.
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.

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Exhibit 10.1.1

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 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 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

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Exhibit 10.1.1

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 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

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Exhibit 10.1.1

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 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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Exhibit 10.1.1

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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Exhibit 10.1.1

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.
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

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Exhibit 10.1.1

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 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

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Exhibit 10.1.1

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
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 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

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Exhibit 10.1.1

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 5½% 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).
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

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Exhibit 10.1.1

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.
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,

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Exhibit 10.1.1

the Plan Administrator may, if it so elects and upon receiving advice from
counsel to the 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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Exhibit 10.1.1

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
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

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Exhibit 10.1.1

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 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

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Exhibit 10.1.1

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.
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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Exhibit 10.1.1

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.

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.

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Exhibit 10.1.1

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

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:

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Exhibit 10.1.1

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%.

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

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Exhibit 10.1.1

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%.
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 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

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Exhibit 10.1.1

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 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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Exhibit 10.1.1

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.
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

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Exhibit 10.1.1

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 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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Exhibit 10.1.1

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.
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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Exhibit 10.1.1

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.
c. Effective January 1, 2013, Domestic Partner Benefits have been eliminated for
CECONY Management Participants, O&R Management Participants and CEI Affiliate
Participants. On and after January 1, 2013, the Retirement Plan recognizes
same-sex marriages.
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.
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.

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Exhibit 10.1.1

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.
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

145

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Exhibit 10.1.1

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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Exhibit 10.1.1

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).

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,

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Exhibit 10.1.1

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.

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.
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

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Exhibit 10.1.1

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 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

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Exhibit 10.1.1

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.
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).

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Exhibit 10.1.1

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 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.

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Exhibit 10.1.1

THE
CONSOLIDATED
EDISON
RETIREMENT PLAN
PART II (A)
of THREE PARTS

--------------------------------------------------------------------------------

Exhibit 10.1.1

Subject to the Following Amendments and Clarifications:

n Clarified on May 2, 2002;
n Amended December 13, 2001;
n Amended April 2003 In Accordance with IRS Issuance of Favorable Determination
Letter;
n Amended August 2004 for 2004 Agreement Between Local Union 503 of the
International Brotherhood of Electrical Workers, AFLO-CIO and O&R;
n Amended August 2004 for O&R Management Employees Changes Concurrent with O&R
Hourly Employees;
n 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;
n Amended July 2004 to Update Factors - O&R Optional Forms;
n Amended and Restated November 2004 for Miscellaneous Changes;
n 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;
n Amended November 2008 In Accordance with the September 23, 2008 IRS Favorable
Determination Letter;
n Restated as of January 31, 2007 in Accordance with Revenue Procedure 2005-66
and Notice 2005-101;
n 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

--------------------------------------------------------------------------------

Exhibit 10.1.1

American Jobs Creation Act of 2004 (AJCA);
n Amended December 2008 for (i) Domestic Partner Benefits, (ii) Accelerated
Vesting for Cash Balance and (iii) 75% QJSA Option;
n 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;
n Amended December 2008 for a Special Pension Accrual for CECONY Management
Employees;
n 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);
n 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 Bargaining Contract
Between Local 1-2 and CECONY;
(4) Changes to the Suspension of Benefits Rule; and
(5) Administrative and Operational Changes;
n Amended June 2013 to Correct Prior Language Regarding Cash-Outs;
n 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

--------------------------------------------------------------------------------

Exhibit 10.1.1

n Amended October 2013 to Take Into Account the Changes Resulting from the 2013
- 2017 Collective Bargaining Contract Between Local 3 and CECONY
n Amended to Take Into Account the
2014 - 2017 Collective Bargaining Agreement Between
Local Union 503 of the International Brotherhood of Electrical Workers, AFL-CIO
and O&R ;
n Amended to Take Into Account (1) the 2016 - 2020 Collective Bargaining
Contract Between Local Union 1-2 of the Utility Workers Union of America,
AFL-CIO and CECONY; (2) Changes Approved by the Boards for Management Employees
on and after January 1, 2017; and (3) Elimination of the Buy-Back Feature for
All Participants.

--------------------------------------------------------------------------------

Exhibit 10.1.1

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    
        
Subappendix     A -4    Actuarial Factors for Domestic Partner Benefits

Appendix B    -    Employers                        B-1

Appendix C    -    Provisions Applicable to                 C-1 to C-4
O&R Participants Transferred to or
Hired by CECONY or a CEI Affiliate

Appendix D    -    Provisions Applicable to Participants             D-1 to D-2
Employed at Facilities Purchased From
Western Massachusetts Electric Company

Appendix E    -    Determination of Amounts Payable             E-1 to E-2
from 401(h) Account

Appendix F        Normal Retirement Benefit Formulas            F-

Appendix G    -    Special Pension Adjustment                G

Appendix H    -    Provisions Applicable to CECONY             H-1 to H-2
Participants at Fossil-Fueled
Divested Operations

Appendix I    -    Provisions Applicable to                 I-1 to I-9
O&R Participants under O&R’s
Pension Protection Program

Attachments to I    Summary of Pension Allowances to be            I-10 to I-14
Provided by O&R to Employees Affected
By the Southern Energy Divestiture

Appendix J    -    Provisions Applicable to                 J-1 to J-2
Affected Indian Point (IP) Employees

--------------------------------------------------------------------------------

Exhibit 10.1.1

Appendix K    -    Provision Applicable to                 K-1 to K-7
Voluntary Retirement Incentive - Support
Organizations Program

Appendix L    -    Sample Illustrations of O&R PBA            L-1 to L-3
            
Appendix M    -    Provisions Applicable to Participants            M-1
Employed at the Lakewood Plant

--------------------------------------------------------------------------------

Exhibit 10.1.1

APPENDIX A
Actuarial Factors

Sub appendix A -1 CECONY Participants

Sub appendix A.1    Actuarial Factors Applicable to CECONY Participants
Tables A to G 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 I to L provide the actuarial factors that are applied for calculating and
computing Pension Allowances for CECONY Weekly Participants -1.

Tables A-G Apply to
CECONY Management Participants, CECONY Weekly Participants
And, When Explicitly Indicated, CECONY Weekly Participants -1
Table
Title
Page
A
Early Retirement Discount Factors:
All CECONY Participants whether married or single other than CECONY Local 3
Employees -1
A- 3
B
Conversion from Single Life to Twelve Year Certain
and Life Annuity Conversion Factors
All single (unmarried) CECONY Participants and all married CECONY Weekly
Participants -1 who choose to waive the spousal death benefit and elect a non
spouse beneficiary
A- 5
C
Conversion From 50% Joint & Survivor to Twelve Year Certain With 50% Joint &
Survivor
Not Applicable to CECONY Weekly Participants -1
A- 6 to A-15
D
Early Retirement Factors - Excess Formula
Applicable only to CECONY Management Participants
A-16
E
Conversion From 50% Joint & Survivor to 100% Joint & Survivor
Not Applicable to CECONY Weekly Participants -1
A-17 to A-20
F
Conversion From 50% Joint & Survivor to 100% Joint & Survivor With Pop-Up
Not Applicable to CECONY Weekly Participants -1
A-21 to A-24
G
Factor for Level Income All CECONY Participants whose Distributions Begin Before
January 1, 2005.
A-25 to A-28

--------------------------------------------------------------------------------

Exhibit 10.1.1

Tables I to L Apply to Only to
CECONY Weekly Participants -1 
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
 

--------------------------------------------------------------------------------

Exhibit 10.1.1

Sub appendix A -2 O&R Participants

Sub appendix A.2    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.

--------------------------------------------------------------------------------

Exhibit 10.1.1

Tables A to F apply to
O&R Participants who begin distribution on or before July 1, 2004
Table
Title
Page
A
Joint and 100% Survivor Option Factors without Pop-Up
A-29 to A-30
B
Joint and 50% Survivor Option Factors without Pop-Up
A-31 to A-32
C
Joint and 100% Survivor Option with Pop-Up Factors
A-33 to A-34
D
Joint and 50% Survivor Option With Pop-Up Factors
A-35 to A-36
E
Reduction Factors For Vested Participant Spouse’s Allowance Coverage
A-37
F
Interest Rates and Mortality Tables
A-38
Tables G to L apply to
O&R Participants who begin distribution on and after July 1, 2004
Table
Title
Page
G
Joint and 100% Survivor Option Factors without Pop-Up
A-29 to A-30
H
Joint and 50% Survivor Option Factors without Pop-Up
A-31 to A-32
I
Joint and 100% Survivor Option with Pop-Up Factors
A-33 to A-34
J
Joint and 50% Survivor Option With Pop-Up Factors
A-35 to A-36
K
Reduction Factors For Vested Participant Spouse’s Allowance Coverage
A-37
L
Interest Rates and Mortality Tables
A-38

--------------------------------------------------------------------------------

Exhibit 10.1.1

Sub appendix A -3 CEI Participants

Sub appendix A.3     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
Page
A
Twelve Year Certain and Life Annuity Conversion Factors
A-89
B
100% Joint and Survivor Annuity, without Pop-Up, Conversion Factors
A-90 to A-95
C
100% Joint and Survivor Annuity with Pop-Up Conversion Factors
A-96 - A-91
D
50% Joint and Survivor Annuity without Pop-Up Conversion Factors
A-92 - A-108

--------------------------------------------------------------------------------

Exhibit 10.1.1

Sub appendix A -4 Domestic Partner Benefits

Sub appendix A.4 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.

--------------------------------------------------------------------------------

Exhibit 10.1.1

Sub appendix A.1
Table A -
Early Retirement Discount Factors
To be applied to a CECONY Participant with 75 points
Applied To The Participant’s Accrued Pension For Retirements Prior To
Attainment Of A CECONY Participant’s Sixtieth Birthday And The Actual Date Of
Retirement Table Does Not Apply to “55 + 30”Participant; or “59 + 30”CECONY
Local 3 Employee -1 Participant

(Also Applied In Calculation Of Surviving Spouse Benefit)

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

--------------------------------------------------------------------------------

Exhibit 10.1.1

Sub appendix A. 1

TABLE B -

Conversion from Single Life to Twelve Year Certain
And Life Annuity Conversion Factors

Applies to all single CECONY Participants and
All married CECONY Weekly Participants - 1 who choose this option

 
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
 
 
71
 
0.9042
 
 
72
 
0.8925
 
 
73
 
0.8796
 
 
74
 
0.8654
 
 
75
 
0.8499
 

Basis:            GATT GAM (1983 GAM with Margins Weighted
                            50% male and 50% female) 7.50%
Effective Date:        January 1, 1995

--------------------------------------------------------------------------------

Exhibit 10.1.1

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

--------------------------------------------------------------------------------

Exhibit 10.1.1

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
20
21
22
23

PENSIONER WHOSE RETIREMENT AGE IS:
 
   24 25 26 27 28 29 30 31
32
33
34
35
Beneficiary’s Age At
Pensioner’s Retirement
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

--------------------------------------------------------------------------------

Exhibit 10.1.1

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: * = 1.000INTEREST - 7.5000%
PENSIONER’S MORTALITY - SPECIAL PENSIONER MORTALITY TABLE
BENEFICIARY’S MORTALITY - SPECIAL PENSIONER MORTALITY TABLE

--------------------------------------------------------------------------------

Exhibit 10.1.1

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

--------------------------------------------------------------------------------

Exhibit 10.1.1

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

--------------------------------------------------------------------------------

Exhibit 10.1.1

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
50
51
52
53

PENSIONER WHOSE RETIREMENT AGE IS:

54 55 56 57 58 59 60 61
62
63
64
65
BENEFICIARY’S AGE AT
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

--------------------------------------------------------------------------------

Exhibit 10.1.1

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
65
66
67
68

PENSIONER WHOSE RETIREMENT AGE IS:

69 70 71 72 73 74 75 76
77
78
79
80
BENEFICIARY’S AGE AT
PENSIONER’S
RETIREMENT
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

--------------------------------------------------------------------------------

Exhibit 10.1.1

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
65
66
67
68

PENSIONER WHOSE RETIREMENT AGE IS:

69 70 71 72 73 74 75 76
77
78
79
80
BENEFICIARY’S AGE AT
PENSIONER’S
RETIREMENT
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: * = 1.000INTEREST - 7.5000%
PENSIONER’S MORTALITY - SPECIAL PENSIONER MORTALITY TABLE
BENEFICIARY’S MORTALITY - SPECIAL PENSIONER MORTALITY TABLE

--------------------------------------------------------------------------------

Exhibit 10.1.1

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
80
81
82
83

PENSIONER WHOSE RETIREMENT AGE IS:

 84 85 86 87 88 89 90 91
92
93
94
95
BENEFICIARY’S AGE AT
PENSIONER’S
RETIREMENT
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

--------------------------------------------------------------------------------

Exhibit 10.1.1

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
80
81
82
83

PENSIONER WHOSE RETIREMENT AGE IS:

    84 85 86 87 88 89 90 91
92
93
94
95
BENEFICIARY’S AGE AT
PENSIONER’S
RETIREMENT
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

--------------------------------------------------------------------------------

Exhibit 10.1.1

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

--------------------------------------------------------------------------------

Exhibit 10.1.1

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

P E N S I O N E R
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

--------------------------------------------------------------------------------

Exhibit 10.1.1

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

P E N S I O N E R
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

--------------------------------------------------------------------------------

Exhibit 10.1.1

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

P E N S I O N E R
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

--------------------------------------------------------------------------------

Exhibit 10.1.1

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

P E N S I O N E R
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

--------------------------------------------------------------------------------

Exhibit 10.1.1

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

P E N S I O N E R
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
.96115
.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

--------------------------------------------------------------------------------

Exhibit 10.1.1

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

P E N S I O N E R
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
.97784
.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

--------------------------------------------------------------------------------

Exhibit 10.1.1

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

P E N S I O N E R
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

--------------------------------------------------------------------------------

Exhibit 10.1.1

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

P E N S I O N E R
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

--------------------------------------------------------------------------------

Exhibit 10.1.1

Sub appendix A. 1

TABLE G-

All CECONY Participants Whose Distributions Begin Before January 1, 2005
Social Security Leveling Factors

Leveling To Age 62

AGE
0
1
2
3
4
5
6
7
8
9
10
11
45
0.223320
0.224894
0.226467
0.228041
0.229614
0.231188
0.232761
0.234335
0.235909
0.237482
0.239056
0.240629
46
0.242203
0.243923
0.245643
0.247363
0.249083
0.250803
0.252523
0.254243
0.255963
0.257683
0.259403
0.261123
47
0.262843
0.264725
0.266607
0.268489
0.270371
0.272253
0.274135
0.276017
0.277899
0.279781
0.281663
0.283545
48
0.285427
0.287488
0.289550
0.291611
0.293673
0.295734
0.297796
0.299857
0.301918
0.303980
0.306041
0.308103
49
0.310164
0.312425
0.314686
0.316946
0.319207
0.321468
0.323729
0.325989
0.328250
0.330511
0.332772
0.335032
 
 
 
 
 
 
 
 
 
 
 
 
 
50
0.337293
0.339775
0.342258
0.344740
0.347223
0.349705
0.352188
0.354670
0.357152
0.359635
0.362117
0.364600
51
0.367082
0.369811
0.372541
0.375271
0.378000
0.380730
0.383459
0.386189
0.388918
0.391648
0.394377
0.397107
52
0.399836
0.402841
0.405847
0.408852
0.411858
0.414863
0.417869
0.420874
0.423879
0.426885
0.429890
0.432896
53
0.435901
0.439215
0.442530
0.445844
0.449159
0.452473
0.455788
0.459102
0.462416
0.465731
0.469045
0.472360
54
0.475674
0.479335
0.482997
0.486658
0.490319
0.493981
0.497642
0.501303
0.504965
0.508626
0.512287
0.515949
 
 
 
 
 
 
 
 
 
 
 
 
 
55
0.519610
0.523662
0.527713
0.531765
0.535817
0.539868
0.543920
0.547972
0.552023
0.556075
0.560127
0.564178
56
0.568230
0.572723
0.577215
0.581707
0.586200
0.590693
0.595185
0.599678
0.604170
0.608663
0.613155
0.617648
57
0.622140
0.627131
0.632123
0.637114
0.642106
0.647097
0.652089
0.657080
0.662071
0.667063
0.672054
0.677046
58
0.682037
0.687595
0.693154
0.698712
0.704270
0.709829
0.715387
0.720945
0.726504
0.732062
0.737620
0.743179
59
0.748737
0.754941
0.761146
0.767350
0.773554
0.779759
0.785963
0.792167
0.798372
0.804576
0.810780
0.816985
 
 
 
 
 
 
 
 
 
 
 
 
 
60
0.823189
0.830132
0.837075
0.844018
0.850962
0.857905
0.864848
0.871791
0.878734
0.885677
0.892621
0.899564
61
0.906507
0.914298
0.922089
0.929880
0.937671
0.945462
0.953254
0.961045
0.968836
0.976627
0.984418
0.992209
62
1.000000
 
 
 
 
 
 
 
 
 
 
 

--------------------------------------------------------------------------------

Exhibit 10.1.1

Sub appendix A. 1

TABLE G-

All CECONY Participants
Social Security Leveling Factors for Distributions Beginning Before January 1,
2005

Leveling To Age 65

AGE
0
1
2
3
4
5
6
7
8
9
10
11
45
0.164388
0.165546
0.166705
0.167863
0.169021
0.170180
0.171338
0.172496
0.173655
0.174813
0.175971
0.177130
46
0.178288
0.179554
0.180820
0.182087
0.183353
0.184619
0.185885
0.187151
0.188417
0.189683
0.190950
0.192216
47
0.193482
0.194867
0.196253
0.197638
0.199023
0.200409
0.201794
0.203179
0.204565
0.205950
0.207335
0.208721
48
0.210106
0.211623
0.213141
0.214658
0.216176
0.217693
0.219210
0.220728
0.222245
0.223763
0.225280
0.226798
49
0.228315
0.229979
0.231643
0.233308
0.234972
0.236636
0.238300
0.239964
0.241628
0.243293
0.244957
0.246621
 
 
 
 
 
 
 
 
 
 
 
 
 
50
0.248285
0.250112
0.251940
0.253767
0.255594
0.257422
0.259249
0.261076
0.262904
0.264731
0.266558
0.268386
51
0.270213
0.272222
0.274231
0.276241
0.278250
0.280259
0.282268
0.284277
0.286286
0.288296
0.290305
0.292314
52
0.294323
0.296535
0.298748
0.300960
0.303172
0.305385
0.307597
0.309809
0.312022
0.314234
0.316446
0.318659
53
0.320871
0.323311
0.325751
0.328191
0.330630
0.333070
0.335510
0.337950
0.340390
0.342829
0.345269
0.347709
54
0.350149
0.352844
0.355539
0.358234
0.360929
0.363624
0.366319
0.369015
0.371710
0.374405
0.377100
0.379795
 
 
 
 
 
 
 
 
 
 
 
 
 
55
0.382490
0.385473
0.388455
0.391437
0.394420
0.397403
0.400385
0.403367
0.406350
0.409333
0.412315
0.415297
56
0.418280
0.421587
0.424894
0.428201
0.431508
0.434815
0.438122
0.441429
0.444736
0.448043
0.451350
0.454657
57
0.457964
0.461638
0.465312
0.468987
0.472661
0.476335
0.480010
0.483684
0.487358
0.491032
0.494707
0.498381
58
0.502055
0.506147
0.510238
0.514330
0.518421
0.522513
0.526605
0.530696
0.534788
0.538879
0.542971
0.547062
59
0.551154
0.555721
0.560288
0.564855
0.569422
0.573989
0.578557
0.583124
0.587691
0.592258
0.596825
0.601392
 
 
 
 
 
 
 
 
 
 
 
 
 
60
0.605959
0.611070
0.616181
0.621292
0.626403
0.631514
0.636625
0.641735
0.646846
0.651957
0.657068
0.662179
61
0.667290
0.673025
0.678760
0.684495
0.690230
0.695965
0.701701
0.707436
0.713171
0.718906
0.724641
0.730376
62
0.736111
0.742565
0.749019
0.755473
0.761927
0.768381
0.774836
0.781290
0.787744
0.794198
0.800652
0.807106
63
0.813560
0.820846
0.828131
0.835417
0.842703
0.849988
0.857274
0.864560
0.871845
0.879131
0.886417
0.893702
64
0.900988
0.909239
0.917490
0.925741
0.933992
0.942243
0.950494
0.958745
0.966996
0.975247
0.983498
0.991749
 
 
 
 
 
 
 
 
 
 
 
 
 
65
1.000000
 
 
 
 
 
 
 
 
 
 
 

--------------------------------------------------------------------------------

Exhibit 10.1.1

Sub appendix A. 1

TABLE G-

All CECONY Participants
Social Security Leveling Factors For Distributions Beginning Before January 1,
2005
Leveling to Age 66

AGE
0
1
2
3
4
5
6
7
8
9
10
11
45
0.147762
0.148803
0.149845
0.150886
0.151927
0.152968
0.154010
0.155051
0.156092
0.157133
0.158175
0.159216
46
0.160257
0.161395
0.162533
0.163671
0.164809
0.165947
0.167085
0.168223
0.169361
0.170499
0.171637
0.172775
47
0.173913
0.175158
0.176404
0.177649
0.178894
0.180139
0.181384
0.182630
0.183875
0.185120
0.186366
0.187611
48
0.188856
0.190220
0.191584
0.192948
0.194312
0.195676
0.197040
0.198404
0.199768
0.201132
0.202496
0.203860
49
0.205224
0.206720
0.208216
0.209712
0.211207
0.212703
0.214199
0.215695
0.217191
0.218687
0.220182
0.221678
 
 
 
 
 
 
 
 
 
 
 
 
 
50
0.223174
0.224817
0.226459
0.228102
0.229744
0.231387
0.233030
0.234672
0.236315
0.237957
0.239600
0.241242
51
0.242885
0.244691
0.246497
0.248303
0.250109
0.251915
0.253721
0.255526
0.257332
0.259138
0.260944
0.262750
52
0.264556
0.266545
0.268533
0.270522
0.272510
0.274499
0.276488
0.278476
0.280465
0.282453
0.284442
0.286430
53
0.288419
0.290612
0.292805
0.294998
0.297191
0.299384
0.301578
0.303771
0.305964
0.308157
0.310350
0.312543
54
0.314736
0.317159
0.319581
0.322004
0.324426
0.326849
0.329271
0.331694
0.334116
0.336539
0.338961
0.341384
 
 
 
 
 
 
 
 
 
 
 
 
 
55
0.343806
0.346487
0.349168
0.351849
0.354530
0.357211
0.359892
0.362572
0.365253
0.367934
0.370615
0.373296
56
0.375977
0.378950
0.381922
0.384895
0.387867
0.390840
0.393812
0.396785
0.399757
0.402729
0.405702
0.408675
57
0.411647
0.414950
0.418252
0.421555
0.424858
0.428160
0.431463
0.434766
0.438068
0.441371
0.444674
0.447976
58
0.451279
0.454957
0.458635
0.462312
0.465990
0.469668
0.473346
0.477023
0.480701
0.484379
0.488057
0.491734
59
0.495412
0.499517
0.503622
0.507728
0.511833
0.515938
0.520043
0.524148
0.528253
0.532359
0.536464
0.540569
 
 
 
 
 
 
 
 
 
 
 
 
 
60
0.544674
0.549268
0.553862
0.558456
0.563050
0.567644
0.572238
0.576832
0.581426
0.586020
0.590614
0.595208
61
0.599802
0.604957
0.610112
0.615267
0.620422
0.625577
0.630733
0.635888
0.641043
0.646198
0.651353
0.656508
62
0.661663
0.667464
0.673266
0.679067
0.684869
0.690670
0.696472
0.702273
0.708074
0.713876
0.719677
0.725479
63
0.731280
0.737829
0.744378
0.750926
0.757475
0.764024
0.770573
0.777121
0.783670
0.790219
0.796768
0.803316
64
0.809865
0.817282
0.824698
0.832115
0.839531
0.846948
0.854364
0.861781
0.869197
0.876614
0.884030
0.891446
 
 
 
 
 
 
 
 
 
 
 
 
 
65
0.898863
0.907291
0.915719
0.924147
0.932575
0.941003
0.949431
0.957860
0.966288
0.974716
0.983144
0.991572
66
1.000000
 
 
 
 
 
 
 
 
 
 
 

--------------------------------------------------------------------------------

Exhibit 10.1.1

Sub appendix A. 1

TABLE G-

All CECONY Participants
Social Security Leveling Factors For Distributions Beginning Before January 1,
2005

Leveling To Age 67

AGE
0
1
2
3
4
5
6
7
8
9
10
11
45
.132481
.133415
.134348
.135282
.136215
.137149
.138082
.139016
.139949
.140883
.141816
.142750
46
.143683
.144703
.145724
.146744
.147765
.148785
.149806
.150826
.151846
.152867
.153887
.154908
47
.155928
.157044
.158161
.159277
.160394
.161510
.162627
.163743
.164859
.165976
.167092
.168209
48
.169325
.170548
.171771
.172994
.174217
.175440
.176663
.177885
.179108
.180331
.181554
.182777
49
.184000
.185341
.186682
.188024
.189365
.190706
.192047
.193388
.194729
.196071
.197412
.198753
 
 
 
 
 
 
 
 
 
 
 
 
 
50
.200094
.201567
.203039
.204512
.205985
.207457
.208930
.210403
.211875
.213348
.214821
.216293
51
.217766
.219385
.221005
.222624
.224243
.225862
.227482
.229101
230720
.232339
.233959
.235578
52
.237197
.238980
.240763
.242546
.244329
.246112
.247895
.249677
.251460
.253243
.255026
.256809
53
.258592
.260558
.262525
.264491
.266457
.268423
.270390
.272356
.274322
.276288
.278255
.280221
54
.282187
.284359
.286531
.288703
.290875
.293047
.295219
.297391
.299563
.301735
.303907
.306079
 
 
 
 
 
 
 
 
 
 
 
 
 
55
.308251
.310655
.313058
.315462
.317865
.320269
.322673
.325076
.327480
.329883
.332287
.334690
56
.337094
.339759
.342424
.345089
.347754
.350419
.353085
.355750
.358415
.361080
.363745
.366410
57
.369075
.372036
.374997
.377959
.380920
.383881
.386842
.389803
.392764
.395726
.398687
.401648
58
.404609
.407906
.411204
.414501
.417798
.421096
.424393
.427690
.430988
.434285
.437582
.440880
59
.444177
.447858
.451538
.455219
.458900
.462580
.466261
.469942
.473622
.477303
.480984
.484664
 
 
 
 
 
 
 
 
 
 
 
 
 
60
.488345
.492464
496583
.500702
.504821
.508940
.513059
.517177
.521296
.525415
.529534
.533653
61
.537772
.542394
.547016
.551638
.556260
.560882
.565504
.570125
.574747
.579369
.583991
.588613
62
.593235
.598436
.603638
.608839
.614041
.619242
.624444
.629645
.634846
.640048
.645249
.650451
63
.655652
.661524
.667395
.673267
.679138
.685010
.690882
.696753
.702625
.708496
.714368
.720239
64
.726111
.732761
.739410
.746060
.752709
.759359
.766008
.772658
.779307
.785957
.792606
.799256
 
 
 
 
 
 
 
 
 
 
 
 
 
65
.805905
.813461
.821018
.828574
.836131
.843687
.851244
.858800
.866356
.873913
.881469
.889026
66
.896582
.905200
.913818
.922437
.931055
.939673
.948291
.956909
.965527
.974146
.982764
.991382
67
1.000000
 
 
 
 
 
 
 
 
 
 
 

--------------------------------------------------------------------------------

Exhibit 10.1.1

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
A
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
G
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
E
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
O
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
F
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
B
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
E
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
N
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
E
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
F
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
I
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
C
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
I
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
A
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
R
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
Y
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

--------------------------------------------------------------------------------

Exhibit 10.1.1

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
A
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
G
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
E
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
O
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
F
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
B
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
E
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
N
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
E
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
F
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
I
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
C
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
I
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
A
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
R
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
Y
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

--------------------------------------------------------------------------------

Exhibit 10.1.1

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
A
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
G
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
E
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
O
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
F
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
B
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
E
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
N
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
E
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
F
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
I
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
C
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
I
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
A
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
R
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
Y
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

--------------------------------------------------------------------------------

Exhibit 10.1.1

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
A
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
G
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
E
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
O
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
F
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
B
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
E
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
N
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
E
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
F
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
I
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
C
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
I
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
A
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
R
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
Y
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

--------------------------------------------------------------------------------

Exhibit 10.1.1

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

--------------------------------------------------------------------------------

Exhibit 10.1.1

 
 
62
63
64
65
66
67
68
69
70
71
72
73
74
75
 
 
A
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
 
 
G
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
 
 
E
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
 
 
O
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
 
 
F
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
 
 
B
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
 
 
E
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
 
 
N
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
 
 
E
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
 
 
F
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
 
 
I
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
 
 
C
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
 
 
I
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
 
 
A
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
 
 
R
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
 
 
Y
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
 
 

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

--------------------------------------------------------------------------------

Exhibit 10.1.1

Age of Pensioner
 
 
62
63
64
65
66
67
68
69
70
71
72
73
74
75
 
 
A
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
 
 
G
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
 
 
E
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
 
 
O
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
 
 
F
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
 
 
B
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
 
 
E
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
 
 
N
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
 
 
E
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
 
 
F
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
 
 
I
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
 
 
C
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
 
 
I
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
 
 
A
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
 
 
R
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
 
 
Y
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
 
 

TABLE J
Conversion from Single Life to
100% Joint and Survivor Without Pop-Up
CECONY Weekly Participants -1

Age of Pensioner

--------------------------------------------------------------------------------

Exhibit 10.1.1

 
 
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
A
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
G
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
E
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
O
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
F
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
B
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
E
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
N
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
E
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
F
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
I
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
C
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
I
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
A
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
R
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
Y
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

TABLE J
Conversion from Single Life to
100% Joint and Survivor Without Pop-Up
CECONY Weekly Participants -1

Age of Pensioner

--------------------------------------------------------------------------------

Exhibit 10.1.1

 
 
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
A
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
G
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
E
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
O
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
F
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
B
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
E
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
N
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
E
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
F
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
I
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
C
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
I
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
A
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
R
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
Y
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

TABLE J
Conversion from Single Life to
100% Joint and Survivor Without Pop-Up
CECONY Weekly Participants -1

Age of Pensioner

--------------------------------------------------------------------------------

Exhibit 10.1.1

 
 
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
A
GE
 

O
F

B
E
N
E
F
I
C
I
A
R
Y
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

TABLE J

Conversion from Single Life to
100% Joint and Survivor Without Pop-Up
CECONY Weekly Participants -1

Age of Pensioner

--------------------------------------------------------------------------------

Exhibit 10.1.1

 
 
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58

A
G
E

O
F

B
E
N
E
F
I
C
I
A
R
Y
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

TABLE J
Conversion from Single Life to
100% Joint and Survivor Without Pop-Up
CECONY Weekly Participants -1
Age of Pensioner

--------------------------------------------------------------------------------

Exhibit 10.1.1

 
 
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75

A
G
E

O
F

B
E
N
E
F
I
C
I
A
R
Y
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

TABLE J
Conversion from Single Life to
100% Joint and Survivor Without Pop-Up
CECONY Weekly Participants -1
Age of Pensioner

--------------------------------------------------------------------------------

Exhibit 10.1.1

 
 
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75

A
G
E

O
F

B
E
N
E
F
I
C
I
A
R
Y
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

TABLE K

Conversion from Single Life to
100% Joint and Survivor With Pop-Up
CECONY Weekly Participants -1

Age of Pensioner

--------------------------------------------------------------------------------

Exhibit 10.1.1

 
 
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41

A
G
E

O
F

B
E
N
E
F
I
C
I
A
R
Y
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

TABLE K
Conversion from Single Life to
100% Joint and Survivor With Pop-Up
CECONY Weekly Participants -1

Age of Pensioner
 

--------------------------------------------------------------------------------

Exhibit 10.1.1

 
 
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41

A
G
E

O
F

B
E
N
E
F
I
C
I
A
R
Y
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

TABLE K
Conversion from Single Life to
100% Joint and Survivor With Pop-Up
CECONY Weekly Participants -1

Age of Pensioner

--------------------------------------------------------------------------------

Exhibit 10.1.1

 
 
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58

A
G
E

O
F

B
E
N
E
F
I
C
I
A
R
Y
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

TABLE K

CECONY Weekly Participants -1
Conversion from Single Life to
100% Joint and Survivor With Pop-Up

Age of Pensioner

--------------------------------------------------------------------------------

Exhibit 10.1.1

                   
 
 
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58

A
G
E

O
F

B
E
N
E
F
I
C
I
A
R
Y
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

TABLE K
Conversion from Single Life to
100% Joint and Survivor With Pop-Up
CECONY Weekly Participants -1

Age of Pensioner

--------------------------------------------------------------------------------

Exhibit 10.1.1

 
 
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75

A
G
E

O
F

B
E
N
E
F
I
C
I
A
R
Y
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

TABLE K

Conversion from Single Life to
100% Joint and Survivor With Pop-Up
CECONY Weekly Participants -1

Age of Pensioner

--------------------------------------------------------------------------------

Exhibit 10.1.1

 
 
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75

A
G
E

O
F

B
E
N
E
F
I
C
I
A
R
Y
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

TABLE L

Conversion from Single Life to
50% Joint and Survivor Without Pop-Up
CECONY Weekly Participants -1

Age of Pensioner

--------------------------------------------------------------------------------

Exhibit 10.1.1

 
 
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41

A
G
E

O
F

B
E
N
E
F
I
C
I
A
R
Y
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

TABLE L

Conversion from Single Life to
50% Joint and Survivor Without Pop-Up
CECONY Weekly Participants -1

Age of Pensioner

--------------------------------------------------------------------------------

Exhibit 10.1.1

 
 
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41

A
G
E

O
F

B
E
N
E
F
I
C
I
A
R
Y
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

TABLE L

Conversion from Single Life to
50% Joint and Survivor Without Pop-Up
CECONY Weekly Participants -1
Age of Pensioner

--------------------------------------------------------------------------------

Exhibit 10.1.1

 
 
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58

A
G
E

O
F

B
E
N
E
F
I
C
I
A
R
Y
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

TABLE L

Conversion from Single Life to
50% Joint and Survivor Without Pop-Up
CECONY Weekly Participants -1

Age of Pensioner

--------------------------------------------------------------------------------

Exhibit 10.1.1

 
 
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58

A
G
E

O
F

B
E
N
E
F
I
C
I
A
R
Y
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

TABLE L
Conversion from Single Life to
50% Joint and Survivor Without Pop-Up
CECONY Weekly Participants -1

Age of Pensioner

--------------------------------------------------------------------------------

Exhibit 10.1.1

 
 
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
A
G
E

O
F

B
E
N
E
F
I
C
I
A
R
Y
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

TABLE L

Conversion from Single Life to
50% Joint and Survivor Without Pop-Up
CECONY Weekly Participants -1

Age of Pensioner

--------------------------------------------------------------------------------

Exhibit 10.1.1

 
 
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75

A
G
E

O
F

B
E
N
E
F
I
C
I
A
R
Y
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

--------------------------------------------------------------------------------

Exhibit 10.1.1

Sub appendix A. 2
TABLE A -
O&R Participants For Distributions Beginning Before July 1, 2004

Joint And 100% Survivorship Option Without Pop-up

 
Participant’s Age
 
25 to
27
28
to 30
31
to 33
34
to 36
37
to 39
40
to 42
43
to 45
Difference in
Contingent
Annuitant's Age
 
 
 
 
 
 
 
Years Younger
%
%
%
%
%
%
%
20 or more
91
90
89
87
85
83
81
17 to 19
92
90
    89
88
86
84
82
14 to 16
92
91
90
88
87
85
83
11 to 13
92
91
90
89
87
86
84
8 to 10
93
92
91
90
88
87
85
5 to 7
93
93
92
90
89
88
86
2 to 4
94
93
92
91
90
89
87
0 to 1
94
94
93
92
91
90
89
 
 
 
 
 
 
 
 
Years Older
%
%
%
%
%
%
%
0 to 1
94
94
93
92
91
90
89
2 to 4
95
94
94
93
92
91
90
5 to 7
96
95
94
94
93
92
91
8 to 10
96
96
95
94
94
93
92
11 to 13
97
96
96
95
95
94
93
14 to 16
97
97
96
96
95
95
94
17 to 19
97
97
97
96
96
96
95
20 or more
98
98
97
97
97
96
96

Note:
Ages for determination of option reduction: Step 1: Determine Participant’s
nearest age in terms of years and months at the date payments commence. Step 2:
Determine difference in Participant’s and contingent annuitant’s dates of birth
to nearest year. Step 3: Spouse’s nearest age is Participant’s nearest age in
Step 1 plus or minus difference determined in Step 2.

--------------------------------------------------------------------------------

Exhibit 10.1.1

Sub appendix A. 2
TABLE A -
O&R Participants
For Distributions Beginning Before July 1, 2004

Joint And 100% Survivorship Option Without Pop-up

 
Participant’s Age
 
46 to
48
49 to
51
52 to
54
55 to
57
58 to
60
61 to
63
64 and
over
Difference in
Contingent
Annuitant's Age
 
 
 
 
 
 
 
Years Younger
%
%
%
%
%
%
%
20 or more
79
76
74
71
68
64
61
17 to 19
80
78
75
72
69
66
63
14 to 16
81
79
76
74
71
68
65
11 to 13
82
80
78
75
73
70
67
8 to 10
83
81
79
77
74
72
69
5 to 7
85
83
81
79
77
74
72
2 to 4
86
84
83
81
79
77
75
0 to 1
87
86
84
83
81
79
78
 
 
 
 
 
 
 
 
Years Older
%
%
%
%
%
%
%
0 to 1
87
86
84
83
81
79
78
2 to 4
89
87
86
85
83
82
81
5 to 7
90
89
88
87
86
85
83
8 to 10
91
91
90
89
88
87
86
11 to 13
93
92
91
91
90
89
89
14 to 16
94
93
93
92
92
92
91
17 to 19
95
95
94
94
94
94
93
20 or more
96
96
96
95
95
95
95

Note:
Ages for determination of option reduction: Step 1: Determine Participant’s
nearest age in terms of years and months at the date payments commence. Step 2:
Determine difference in Participant’s and contingent annuitant’s dates of birth
to nearest year. Step 3: Spouse’s nearest age is Participant’s nearest age in
Step 1 plus or minus difference determined in Step 2.

--------------------------------------------------------------------------------

Exhibit 10.1.1

Sub appendix A. 2
Table B - O&R Participants
For Distributions Beginning Before July 1, 2004

Joint And 50% Survivorship Option Factors Without Pop-Up

 
Participant’s Age
 
25 to
27
28
to 30
31
to 33
34
to 36
37
to 39
40
to 42
43
to 45
Difference in
Contingent
Annuitant's Age
 
 
 
 
 
 
 
Years Younger
%
%
%
%
%
%
%
20 or more
95
95
94
93
92
91
90
17 to 19
96
95
   94
93
92
91
90
14 to 16
96
95
95
94
93
92
91
11 to 13
96
96
95
94
93
92
91
8 to 10
96
96
95
95
94
93
92
5 to 7
97
96
96
95
94
93
93
2 to 4
97
96
96
95
95
94
93
0 to 1
97
97
96
96
95
95
94
 
 
 
 
 
 
 
 
Years Older
%
%
%
%
%
%
%
0 to 1
97
97
96
96
95
95
94
2 to 4
97
97
97
96
96
95
95
5 to 7
98
97
97
97
96
96
95
8 to 10
98
98
97
97
97
96
96
11 to 13
98
98
98
97
97
97
97
14 to 16
98
98
98
98
98
97
97
17 to 19
99
99
98
98
98
98
98
20 or more
99
99
99
98
98
98
98

Note:
Ages for determination of option reduction: Step 1: Determine Participant’s
nearest age in terms of years and months at the date payments commence. Step 2:
Determine difference in Participant’s and contingent annuitant’s dates of birth
to nearest year. Step 3: Spouse’s nearest age is Participant’s nearest age in
Step 1 plus or minus difference determined in Step 2.

--------------------------------------------------------------------------------

Exhibit 10.1.1

Sub appendix A. 2
Table B - O&R Participants
For Distributions Beginning Before July 1, 2004

Joint And 50% Survivorship Option Without Pop-Up

 
Participant’s Age
 
46 to
48
49 to
51
52 to
54
55 to
57
58 to
60
61 to
63
64 and
over
Difference in
Contingent
Annuitant's Age
 
 
 
 
 
 
 
Years Younger
%
%
%
%
%
%
%
20 or more
88
87
85
83
81
78
76
17 to 19
89
87
86
84
82
79
77
14 to 16
89
88
86
85
83
81
78
11 to 13
90
89
87
86
84
82
80
8 to 10
91
90
88
87
85
84
82
5 to 7
92
91
89
88
87
85
84
2 to 4
92
91
90
89
88
87
85
0 to 1
93
92
91
91
89
88
87
 
 
 
 
 
 
 
 
Years Older
%
%
%
%
%
%
%
0 to 1
93
92
91
91
89
88
87
2 to 4
94
93
93
92
91
90
89
5 to 7
95
94
94
93
92
92
91
8 to 10
96
95
95
94
94
93
93
11 to 13
96
96
95
95
95
94
94
14 to 16
97
97
96
96
96
96
95
17 to 19
97
97
97
97
97
97
96
20 or more
98
98
98
98
98
98
98

Note:
Ages for determination of option reduction: Step 1: Determine Participant’s
nearest age in terms of years and months at the date payments commence. Step 2:
Determine difference in Participant’s and contingent annuitant’s dates of birth
to nearest year. Step 3: Spouse’s nearest age is Participant’s nearest age in
Step 1 plus or minus difference determined in Step 2.

--------------------------------------------------------------------------------

Exhibit 10.1.1

Sub appendix A. 2
Table C -
O&R Participants
For Distributions Beginning Before July 1, 2004

Joint And 100% Survivorship Option With Pop-Up

 
Participant’s Age
 
25 to
27
28
to 30
31
to 33
34
to 36
37
to 39
40
to 42
43
to 45
Difference in
Contingent
Annuitant's Age
 
 
 
 
 
 
 
Years Younger
%
%
%
%
%
%
%
20 or more
91
90
89
87
85
83
81
17 to 19
92
90
89
88
86
84
82
14 to 16
92
91
90
88
87
85
83
11 to 13
92
91
90
89
87
86
84
8 to 10
93
92
91
89
88
86
85
5 to 7
93
92
91
90
89
87
86
2 to 4
94
93
92
91
90
88
87
0 to 1
94
93
93
92
90
89
88
 
 
 
 
 
 
 
 
Years Older
%
%
%
%
%
%
%
0 to 1
94
93
93
92
90
89
88
2 to 4
95
94
93
92
91
90
89
5 to 7
95
95
94
93
92
91
90
8 to 10
96
95
94
94
93
92
91
11 to 13
96
96
95
94
94
93
92
14 to 16
97
96
96
95
94
94
93
17 to 19
97
97
96
96
95
94
94
20 or more
97
97
97
96
96
95
95

Note:
Ages for determination of option reduction: Step 1: Determine Participant’s
nearest age in terms of years and months at the date payments commence. Step 2:
Determine difference in Participant’s and contingent annuitant’s dates of birth
to nearest year. Step 3: Spouse’s nearest age is Participant’s nearest age in
Step 1 plus or minus difference determined in Step 2.

--------------------------------------------------------------------------------

Exhibit 10.1.1

Sub appendix A. 2
Table C -
O&R Participants
For Distributions Beginning Before July 1, 2004

Joint And 100% Survivorship With Pop-Up Option Factors

 
Participant’s Age
 
46 to
48
49 to
51
52 to
54
55 to
57
58 to
60
61 to
63
64 and
over
Difference in
Contingent
Annuitant's Age
 
 
 
 
 
 
 
Years Younger
%
%
%
%
%
%
%
20 or more
79
76
73
70
67
64
60
17 to 19
80
77
    74
71
68
65
62
14 to 16
81
78
76
73
69
67
63
11 to 13
82
79
77
74
71
68
65
8 to 10
83
80
78
76
73
70
67
5 to 7
84
82
80
77
75
72
69
2 to 4
85
83
81
79
77
74
72
0 to 1
86
84
83
81
79
76
74
 
 
 
 
 
 
 
 
Years Older
%
%
%
%
%
%
%
0 to 1
86
84
83
81
79
76
74
2 to 4
87
86
84
82
80
78
76
5 to 7
89
87
86
84
82
81
79
8 to 10
90
89
87
86
84
83
81
11 to 13
91
90
89
87
86
85
83
14 to 16
92
91
90
89
88
87
86
17 to 19
93
92
91
90
90
89
88
20 or more
94
93
93
92
91
90
90

Note:
Ages for determination of option reduction: Step 1: Determine Participant’s
nearest age in terms of years and months at the date payments commence. Step 2:
Determine difference in Participant’s and contingent annuitant’s dates of birth
to nearest year. Step 3: Spouse’s nearest age is Participant’s nearest age in
Step 1 plus or minus difference determined in Step 2.

--------------------------------------------------------------------------------

Exhibit 10.1.1

Sub appendix A. 2
Table D -
O&R Participants
For Distributions Beginning Before July 1, 2004

Joint And 50% Survivorship With Pop-Up Option Factors

 
Participant’s Age
 
25 to
27
28
to 30
31
to 33
34
to 36
37
to 39
40
to 42
43
to 45
Difference in
Contingent
Annuitant's Age
 
 
 
 
 
 
 
Years Younger
%
%
%
%
%
%
%
20 or more
95
95
94
93
92
91
90
17 to 19
96
95
94
93
92
91
90
14 to 16
96
95
94
94
93
92
91
11 to 13
96
95
95
94
93
92
91
8 to 10
96
96
95
94
94
93
92
5 to 7
97
96
95
95
94
93
92
2 to 4
97
96
96
95
94
94
93
0 to 1
97
97
96
96
95
94
93
 
 
 
 
 
 
 
 
Years Older
%
%
%
%
%
%
%
0 to 1
97
97
96
96
95
94
93
2 to 4
97
97
96
96
95
95
94
5 to 7
98
97
97
96
96
95
95
8 to 10
98
97
97
97
96
96
95
11 to 13
98
98
97
97
97
96
96
14 to 16
98
98
98
97
97
97
96
17 to 19
98
98
98
98
97
97
97
20 or more
99
98
98
98
98
97
97

Note:
Ages for determination of option reduction: Step 1: Determine Participant’s
nearest age in terms of years and months at the date payments commence. Step 2:
Determine difference in Participant’s and contingent annuitant’s dates of birth
to nearest year. Step 3: Spouse’s nearest age is Participant’s nearest age in
Step 1 plus or minus difference determined in Step 2.

--------------------------------------------------------------------------------

Exhibit 10.1.1

Sub appendix A. 2
Table D -
O&R Participants
For Distributions Beginning Before July 1, 2004

Joint And 50% Survivorship With Pop-Up Option Factors

 
Participant’s Age
 
46 to
48
49 to
51
52 to
54
55 to
57
58 to
60
61 to
63
64 and
over
Difference in
Contingent
Annuitant's Age
 
 
 
 
 
 
 
Years Younger
%
%
%
%
%
%
%
20 or more
88
86
84
82
80
78
75
17 to 19
89
87
85
83
81
79
76
14 to 16
89
88
86
84
82
80
77
11 to 13
90
88
87
85
83
81
79
8 to 10
90
89
88
86
84
82
80
5 to 7
91
90
89
87
85
84
82
2 to 4
92
91
90
88
87
85
83
0 to 1
93
92
90
89
88
86
85
 
 
 
 
 
 
 
 
Years Older
%
%
%
%
%
%
%
0 to 1
93
92
90
89
88
86
85
2 to 4
93
92
91
90
89
88
87
5 to 7
94
93
92
91
90
89
88
8 to 10
95
94
93
92
91
91
90
11 to 13
95
95
94
93
93
92
91
14 to 16
96
95
95
94
94
93
92
17 to 19
96
96
95
95
94
94
94
20 or more
97
97
96
96
95
95
95

Note:
Ages for determination of option reduction: Step 1: Determine Participant’s
nearest age in terms of years and months at the date payments commence. Step 2:
Determine difference in Participant’s and contingent annuitant’s dates of birth
to nearest year. Step 3: Spouse’s nearest age is Participant’s nearest age in
Step 1 plus or minus difference determined in Step 2.

--------------------------------------------------------------------------------

Exhibit 10.1.1

Sub Appendix A. 2
Table E -
O&R Participants
For Distributions Beginning Before July 1, 2004

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                .80%
55 - 59                .55%
50 - 54                .35%
45 - 49                .20%
40 - 44                .15%
39 and under                .10%

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.

--------------------------------------------------------------------------------

Exhibit 10.1.1

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.

--------------------------------------------------------------------------------

Exhibit 10.1.1

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
A
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
G
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
E
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
O
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
F
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
B
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
E
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
N
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
E
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
F
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
I
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
C
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
I
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
A
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
R
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
Y
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

--------------------------------------------------------------------------------

Exhibit 10.1.1

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
A
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
G
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
E
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
O
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
F
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
B
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
E
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
N
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
E
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
F
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
I
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
C
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
I
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
A
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
R
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
Y
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

--------------------------------------------------------------------------------

Exhibit 10.1.1

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
A
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
G
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
E
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
O
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
F
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
B
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
E
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
N
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
E
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
F
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
I
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
C
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
I
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
A
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
R
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
Y
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

--------------------------------------------------------------------------------

Exhibit 10.1.1

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
A
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
G
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
E
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
O
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
F
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
B
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
E
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
N
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
E
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
F
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
I
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
C
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
I
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
A
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
R
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
Y
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

--------------------------------------------------------------------------------

Exhibit 10.1.1

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
 
 
A
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
 
 
G
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
 
 
E
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
 
 
O
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
 
 
F
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
 
 
B
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
 
 
E
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
 
 
N
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
 
 
E
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
 
 
F
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
 
 
I
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
 
 
C
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
 
 
I
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
 
 
A
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
 
 
R
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
 
 
Y
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
 
 

--------------------------------------------------------------------------------

Exhibit 10.1.1

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
 
 
A
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
 
 
G
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
 
 
E
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
 
 
O
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
 
 
F
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
 
 
B
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
 
 
E
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
 
 
N
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
 
 
E
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
 
 
F
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
 
 
I
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
 
 
C
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
 
 
I
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
 
 
A
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
 
 
R
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
 
 
Y
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
 
 

--------------------------------------------------------------------------------

Exhibit 10.1.1

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
A
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
G
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
E
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
O
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
F
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
B
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
E
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
N
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
E
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
F
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
I
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
C
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
I
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
A
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
R
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
Y
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

--------------------------------------------------------------------------------

Exhibit 10.1.1

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
A
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
G
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
E
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
O
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
F
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
B
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
E
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
N
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
E
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
F
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
I
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
C
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
I
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
A
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
R
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
Y
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

--------------------------------------------------------------------------------

Exhibit 10.1.1

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
A
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
G
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
E
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
O
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
F
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
B
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
E
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
N
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
E
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
F
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
I
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
C
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
I
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
A
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
R
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
Y
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

--------------------------------------------------------------------------------

Exhibit 10.1.1

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
A
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
G
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
E
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
O
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
F
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
B
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
E
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
N
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
E
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
F
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
I
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
C
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
I
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
A
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
R
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
Y
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

--------------------------------------------------------------------------------

Exhibit 10.1.1

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
 
 
A
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
 
 
G
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
 
 
E
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
 
 
O
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
 
 
F
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
 
 
B
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
 
 
E
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
 
 
N
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
 
 
E
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
 
 
F
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
 
 
I
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
 
 
C
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
 
 
I
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
 
 
A
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
 
 
R
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
 
 
Y
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
 
 

--------------------------------------------------------------------------------

Exhibit 10.1.1

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
 
 
A
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
 
 
G
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
 
 
E
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
 
 
O
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
 
 
F
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
 
 
B
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
 
 
E
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
 
 
N
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
 
 
E
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
 
 
F
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
 
 
I
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
 
 
C
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
 
 
I
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
 
 
A
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
 
 
R
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
 
 
Y
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
 
 

--------------------------------------------------------------------------------

Exhibit 10.1.1

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
A
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
G
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
E
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
O
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
F
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
B
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
E
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
N
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
E
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
F
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
I
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
C
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
I
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
A
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
R
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
Y
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

--------------------------------------------------------------------------------

Exhibit 10.1.1

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
A
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
G
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
E
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
O
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
F
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
B
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
E
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
N
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
E
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
F
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
I
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
C
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
I
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
A
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
R
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
Y
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

--------------------------------------------------------------------------------

Exhibit 10.1.1

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
A
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
G
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
E
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
O
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
F
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
B
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
E
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
N
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
E
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
F
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
I
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
C
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
I
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
A
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
R
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
Y
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

--------------------------------------------------------------------------------

Exhibit 10.1.1

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
A
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
G
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
E
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
O
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
F
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
B
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
E
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
N
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
E
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
F
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
I
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
C
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
I
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
A
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
R
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
Y
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

--------------------------------------------------------------------------------

Exhibit 10.1.1

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
 
 
A
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
 
 
G
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
 
 
E
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
 
 
O
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
 
 
F
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
 
 
B
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
 
 
E
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
 
 
N
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
 
 
E
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
 
 
F
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
 
 
I
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
 
 
C
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
 
 
I
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
 
 
A
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
 
 
R
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
 
 
Y
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
 
 

--------------------------------------------------------------------------------

Exhibit 10.1.1

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
 
 
A
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
 
 
G
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
 
 
E
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
 
 
O
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
 
 
F
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
 
 
B
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
 
 
E
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
 
 
N
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
 
 
E
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
 
 
F
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
 
 
I
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
 
 
C
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
 
 
I
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
 
 
A
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
 
 
R
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
 
 
Y
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
 
 

--------------------------------------------------------------------------------

Exhibit 10.1.1

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
A
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
G
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
E
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
O
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
F
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
B
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
E
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
N
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
E
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
F
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
I
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
C
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
I
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
A
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
R
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
Y
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

--------------------------------------------------------------------------------

Exhibit 10.1.1

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
A
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
G
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
E
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
O
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
F
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
B
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
E
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
N
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
E
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
F
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
I
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
C
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
I
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
A
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
R
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
Y
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

--------------------------------------------------------------------------------

Exhibit 10.1.1

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
A
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
G
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
E
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
O
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
F
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
B
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
E
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
N
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
E
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
F
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
I
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
C
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
I
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
A
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
R
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
Y
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

--------------------------------------------------------------------------------

Exhibit 10.1.1

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
A
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
G
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
E
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
O
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
F
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
B
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
E
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
N
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
E
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
F
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
I
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
C
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
I
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
A
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
R
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
Y
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

--------------------------------------------------------------------------------

Exhibit 10.1.1

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
 
 
A
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
 
 
G
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
 
 
E
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
 
 
O
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
 
 
F
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
 
 
B
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
 
 
E
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
 
 
N
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
 
 
E
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
 
 
F
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
 
 
I
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
 
 
C
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
 
 
I
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
 
 
A
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
 
 
R
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
 
 
Y
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
 
 

--------------------------------------------------------------------------------

Exhibit 10.1.1

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
 
 
A
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
 
 
G
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
 
 
E
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
 
 
O
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
 
 
F
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
 
 
B
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
 
 
E
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
 
 
N
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
 
 
E
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
 
 
F
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
 
 
I
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
 
 
C
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
 
 
I
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
 
 
A
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
 
 
R
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
 
 
Y
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
 
 

--------------------------------------------------------------------------------

Exhibit 10.1.1

Sub Appendix A. 2

Table K -

O&R Participants
For Distributions Beginning On and After July 1, 2004
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                 .80%
55 - 59                    .55%
50 - 54                    .35%
45 - 49                    20%
40 - 44                    .15%
39 and under                 10%

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.

--------------------------------------------------------------------------------

Exhibit 10.1.1

Sub appendix A. 2

Table L

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.

--------------------------------------------------------------------------------

Exhibit 10.1.1

Sub appendix A. 3
Table A
CEI Participants

12 Year Certain and Life Annuity

 
 
 
 
 
Pensioner Age
Factor
 
Pensioner Age
Factor
25
0.9987
 
50
0.9872
26
0.9986
 
51
0.9860
27
0.9985
 
52
0.9846
28
0.9984
 
53
0.9831
29
0.9984
 
54
0.9813
30
0.9982
 
55
0.9794
31
0.9980
 
56
0.9770
32
0.9979
 
57
0.9746
33
0.9977
 
58
0.9716
34
0.9976
 
59
0.9683
35
0.9973
 
60
0.9644
36
0.9970
 
61
0.9599
37
0.9968
 
62
0.9549
38
0.9965
 
63
0.9493
39
0.9960
 
64
0.9428
40
0.9956
 
65
0.9357
41
0.9951
 
66
0.9276
42
0.9946
 
67
0.9185
43
0.9939
 
68
0.9085
44
0.9932
 
69
0.8975
45
0.9923
 
70
0.8854
46
0.9915
 
71
0.8722
47
0.9905
 
72
0.8578
48
0.9895
 
73
0.8420
49
0.9884
 
74
0.8249
 
 
 
75
0.8068

--------------------------------------------------------------------------------

Exhibit 10.1.1

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
 
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
A
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
G
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
E
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
O
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
F
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
B
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
E
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
N
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
E
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
F
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
I
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
C
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
I
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
A
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
R
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
Y
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

--------------------------------------------------------------------------------

Exhibit 10.1.1

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
A
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
G
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
E
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
O
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
F
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
B
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
E
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
N
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
E
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
F
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
I
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
C
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
I
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
A
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
R
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
Y
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

--------------------------------------------------------------------------------

Exhibit 10.1.1

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

A
G
E

O
F

B
E
N
E
F
I
C
I
A
R
Y
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

--------------------------------------------------------------------------------

Exhibit 10.1.1

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

A
G
E

O
F

B
E
N
E
F
I
C
I
A
R
Y
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

--------------------------------------------------------------------------------

Exhibit 10.1.1

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

A
G
E

O
F

B
E
N
E
F
I
C
I
A
R
Y
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

--------------------------------------------------------------------------------

Exhibit 10.1.1

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

A
G
E

O
F

B
E
N
E
F
I
C
I
A
R
Y
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

--------------------------------------------------------------------------------

Exhibit 10.1.1

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

A
G
E

O
F

B
E
N
E
F
I
C
I
A
R
Y
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

--------------------------------------------------------------------------------

Exhibit 10.1.1

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

A
G
E

O
F

B
E
N
E
F
I
C
I
A
R
Y
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